George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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This maiden resource estimate is a huge leg up for the company in what is now the number one cobalt district of Aus. This estimate will give reason for further government backing for drilling/exploration and mining leases as a critical mineral and our neighbors COB will be watching and dont look over the 44,260t of contained copper. Further drilling on the way to add further tons to the estimate. Company is looking very cheap atm imo just on the broken hill project alone.
If they pace their drilling and placings and maybe drill at other resources as well they could spin this out for decades. While drawing a nice salary.
Anything in Aus. at this price is worth a punt. BW
up 17% down under so expect a 1.20p finish here...
Progress but alas a good way from my entry
was 4,4p a few yrs back...
like many....sentiment is taking its toll...
,,,,copper jorc soon
Yep, smoke and mirrors...again!
As already stated 1.5B in cobalt, add to that another .5B of copper, man I ask you why are we being asked to do the Math, aah then the penny dropped of course because really they don’t want you too, clues are in there relatively shallow so not shallow, then the fact you have to mine 65 M tonne and you guessed it that costs more than double the resource. Hence surprise yet more drilling will never be mined like the other company making assets. GLA
Great news. Cobalt estimate and further drilling to come.
https://twitter.com/themarketbullau/status/1531766828586139648?s=21&t=ZXOBBrN2wE9VIEyerWo9TA
https://twitter.com/themarketbullau/status/1531797322232889345?s=24&t=_aE2u2D8mApMbK4v5juHZA
I bet the SP does nothing on this news!
Over 1.5 Billion dollars of cobalt!
Happy Days :)
https://twitter.com/themarketbullau/status/1531766828586139648?s=24&t=uwZZucQT5MuMtRoAkgSZ-Q
113 pages long, hopefully this one gives us a decent push up.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02527247-6A1093931?access_token=83ff96335c2d45a094df02a206a39ff4
Down to Zambia now. Aus Labour government getting in,my break even.
Looks like the plan is to keep scrabbling in the dirt - report on an RNS when they find a nugget.
Then raise more cash at an insane discount to fund more scrabbling in the dirt.
I would like to be pleasantly surprised of course, but I've been around these AIM shares too long.
I should have realised what would happen when I first saw CCZ on Proactive Investor last year being plugged to the nines.
So is the end for CCZ ? So many hopes dashed, so much lost. Constant drops in SP. Looked such a good investment all that time ago. Lost its way. Any hope left
Labour party got in Aus ,prob help get are money back at least.
lol getting that bad ,i have start drilling anyone know as well when these ******s run out of money prob this year.
Does anyone know much Arc minerals struck A deal with Anglo America , in zambia.is it any where Near ccz drilling
Management both the same jumping from one company making asset to another, one continent to another leads to scepticism over the assets and people drill a bit deeper and scepticism turns to realism that these assets are at best mediocre and will cost a fortune to prove up as a viable mineable resource and a large dollop of luck. This management has shown it has no real confidence in any of the assets to go all in on one, what does that tell an investor.
can't see anything shifting price now, what already been mentioned
Arse dropped out of it again
You write that, then someone sells £3k; ohh well... . Wide spread, is this usual or MMs placing a deterrent?
re rate coming soon, stacking up nicely.
Cobalt mineralisation! JORC on its way
https://twitter.com/themarketbullau/status/1521978509677428736?s=24&t=YPMBysYNFblA4yWmdWHBYQ
Highlights
o Diamond core assay results for drill-hole BH1 at The Sisters Prospect1
, within the BHA
Project’s East Zone, confirmed significant cobalt mineralisation, with the best
intercepts:
24m @ 424ppm Co from 103m including 2m @ 1,120ppm Co from 107m; 1m @
873ppm Co from 120m; and 2m @ 486ppm Co from 125m (BH1)
o Pleasingly, the new assays are in line with previously reported results from within the
Defined Target Area1 (Figure 1 & 2)
o With the block model nearing completion, the geology team are targeting finalisation of
the global MRE which will encompass the Fence Gossan, Reef & Tors Tank, Ziggy’s
Hill and now The Sisters Prospect1
o In a surprising development, assays for diamond drill-core from the Iron Blow Prospect
confirmed the presence of Rare Earth Elements (REE), with the best intercept:
8m @ 1,270ppm Total Rare Earth Oxides from 150m (DD90-IB3)
Castillo Copper’s Managing Director Dr Dennis Jensen commented: “Having reviewed
The Sisters Prospect’s assays, the Board is now convinced the underlying cobalt system within
the BHA Project’s East Zone could extend beyond the Defined Target Area. Whilst this will be
the subject of future exploration campaigns, the geology team are aiming to complete the
primary cobalt MRE shortly. In a welcome left field development, diamond core assays from
the Iron Blow Prospect highlight significant REE mineralisation was intersected which further
bolsters the BHA Project’s exploration potential.”
Next steps
In NSW:
? Primary cobalt MRE for the BHA Project East Zone.
In Queensland:
? Assay results for Arya Prospect.
? Big One Deposit – formalising timing for next drilling campaign.
In Zambia:
? Identifying a strategic partner to develop the Luanshya & Mkushi Projects.