SRK trade ideas
SRK:ASX - STRIKE RESOURCES - Iron Ore with a sneaky battery playStrike chart looked interesting so I thought Id go and have a look at their website to find out more about what they do. They have a strong Iron Ore focus, but they have been increasing their battery minerals portfolio as well buying into Argentina and Australia. I like that the chart is trying to push higher, but can't quite get there. Bit of upside to old highs. Could be worth a watch - especially on battery mineral news.
From their corporate profile at strikeresources.com.au
Strike is an international mineral exploration company, with projects in South America and Australia. Strike has been operating in South America since 2005, where it has been principally focused on developing its Apurimac Iron Ore Project in Peru, recognised as one of the highest grade, large-scale magnetite projects in the world with the potential to support the establishment of a significant 20 Mtpa iron ore operation. In addition, Strike is currently developing the Paulsens East Iron Ore Project in the Pilbara, Western Australia which contains high grade iron ore potentially suitable as direct shipping ore (DSO) for customers in China.
Anticipating the expected massive increase in demand for commodities used for the manufacture of electric vehicle (EV) and grid storage (GS) batteries, Strike has more recently made strategic investments in two battery minerals projects – the Solaroz Lithium Brine project in Argentina (located in the heart of South America’s ‘Lithium Triangle’); and, the Burke Graphite Project in Queensland, Australia.
Both lithium and graphite are critical ingredients for the current generation of EV and GS batteries and both projects offer tremendous upside potential for Strike.
Strike’s portfolio of projects therefore provides investors with exposure to the exciting emerging battery minerals sector, plus a world class established asset in the Apurimac Iron ore Project and near term iron ore production potential in Australia.
