Oceana Lithium Limited (ASX:OCN)

Sebastian Kneer
Exec Director
Market Cap (AUD): Coming Soon
Sector: Unclassified
Last Trade (AUD): 0 +0 (+0%)
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1. About

Oceana Lithium Limited (ASX:OCN) is a mineral exploration and development company focused on the discovery and delineation of lithium mineral resources in two mining friendly jurisdictions, the state of Cear, Brazil, and the Northern Territory, Australia. 

Oceana Lithium has brought together a team with expertise and experience in exploration, project development, mining operations and product marketing in the rapidly expanding lithium sector. The Company's directors and consultants have held senior executive positions with established lithium producers with operations in Australia, Argentina and Canada, and extensive exploration and mining experience generally. 

The world is in transition to a low carbon emissions economy and at the forefront of this transition is the development of the EV and lithium battery motive power and resulting global market. This is reflected in the continued rise in the demand for lithium and associated market price for spodumene concentrate. The Directors have confidence and optimism that this is the nascent stage of a long term trend based on fundamental industrial demand and supply factors. 

The fast growing number of chemical and battery producers and EV manufacturers signing contracts with emerging lithium concentrate producers to secure long term supply reflects the global sense of urgency by all developed countries to address climate change. While demand for energy storage capacity, particularly in EVs is rising, there is a supply lag as most of the supply from existing producers is already committed under long term contracts with the major producers of lithium chemicals. 

Oceana Lithium believes the combination of these factors provide a clear market signal that now is the time to invest in the exploration and development of new supply sources for lithium concentrate.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk