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Frankie, is there a reason why you are presuming the soil sampling is complete? And what level of lithium do they need to find to consider mining feasible for them? If it is below this, what gold levels would we hope to see for the share price not to crater? It is not a one-way street /bet despite the "potential" that many speak of.
So much potential it's ridiculous.
Today's news Bellevue confirms Commercial production and expansion !!!
Incredible news here for MILA
07 MAY, 2024
Bellevue declares commercial production, launches expansion studies
After declaring commercial production at its namesake gold project in Western Australia, Bellevue Gold (ASX:BGL) has launched a number of expansion studies to further boost its output.
During the March quarter, production at the Bellevue Project totalled 37,338 ounces of gold, putting the company on track to achieve its guidance of 75,000 to 85,000 ounces of gold for the six months to 30 June 2024.
Bellevue, which has a market capitalisation of $1.97 billion, will publish its FY25 production and cost guidance as part of a maiden multi-year outlook in July 2024, upon completing the budget and life-of-mine planning activities.
The expansion studies now underway are focused on expanding the Bellevue’s plant beyond its current capacity of 1 million tonnes per annum (Mtpa).
A scoping-level study has begun on a plant expansion to 1.5Mtpa, which will investigate capital requirements for the expansion and include non-processing infrastructure.
Bellevue says the study is expected to be completed in the first half of 2025.
“As well as increasing production and cashflow, this would enable us to leverage existing infrastructure, drive further economies of scale and unlock greater value from our exceptional high-grade orebody,” Managing Director Darren Stralow says.
The plant was designed to enable throughput capacity to be increased from 1Mtpa to 1.2Mtpa, with no material capital expenditure required.
To confirm this, Bellevue says the plant was operated at an annualised throughput rate of 1.2Mt for a week during February. The company found no material issues arose, which provided confidence that this rate can be achieved on a consistent basis.
The Bellevue Gold Project is a high-grade gold project in Australia with a global resource of 3.1 million ounces @ 9.9 grams per tonne of gold.
Bellevue Gold is a gold-focused company that strives to be a net-zero gold producer by 2026.
Write to Aaliyah Rogan at Mining.com.au
Liontown Soil Sampling Programme was underway on 28 March ... presumably is complete now an awaiting assay results.
Just imagine if they find Lithium AND Gold!
News due in any day!!!
Warrants at 2p and 4.8p from previous placings expiring late 2025 must be a target here. Plus 2p warrants from the CLNs expiring in 2027.
What a bargain with Lion Town resources drilling it, any gold grades found this will rocket!!
still 40% discoount on placing price!!
Expectation is this revisits 2-3p. Settles there b4 climbing higher. Reason: mcap is ridiculously low but lithium & gold assets are in tier 1 Australia. Also JV with bil$ liontown. Cashed up too
Look at the maps and gold grades in this RNS from MILA: https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Liontown-Completes-Drone-Survey-at-Kathleen-Valley/93260928
It’s got multi bagger written all over it imo.
Very nice indeed.
Perhaps we will have a fight on our hands between Liontown and Bellevue Gold! talk about prime postcode..
We're talking both gold AND lithium in a global tier jurisdiction in Aus and the JV partner Liontown which is huge is the one paying for it. Forget the 40% to the placing price.
When a discovery is announced it should really be a quick 335% from here.
So the JV partner Liontown Resources market capitalisation is $2.82billion and not long ago it was double this.
The large gold discover yat Bellevue Gold right next to MILA: https://twitter.com/power_thompson/status/1770817023162949769
Bellevue Gold market cap is $2.31billion.
Mila market cap £3mil.
Time to increase my holding here....
Look at the maps and gold grades in this RNS from MILA: hTTps://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Liontown-Completes-Drone-Survey-at-Kathleen-Valley/93260928
It’s got multi bagger written all over it imo.
Very nice indeed.
Perhaps we will have a fight on our hands between Liontown and Bellevue Gold! talk about prime postcode..
Https://twitter.com/MilaResources/status/1786336052736647300
Nice flurry of buying
I don't think it is a closed period, nor have I seen anything about Liontown taking and sending samples from the ground for assay results as yet. What's the chances of any Director Buys at these levels?
I'll keep adding around here as I think this will settle back well over a penny. The MILA twitter has been posting a lot of bullish tweets recently.
Seeing the mcap to cash disparity along with the potential for significant gold and lithium finds and JV with multi billion dollar company and project adjacent to another multi billion dollar companies. Might be one of the best unloved but highest potential return shares on AIM from here.
Something leaking from Liontowns drilling I wonder? Volumes suddenly jumped the past week or so.
Some big lithium and gold discoveries at Kathleen valley would be very nice. :)
Bargain, good points. We all have different risk-profiles. I'm naturally cautious with talk of "all in" and "the sp should be X when this happens". Junior miners are variable and uncertain creatures, even when a big mining brother or financing company is involved. I remember many holders of SXX and HZM that couldn't hear any contrarian view to the certainty of operational success and multi-bagging.
So the JV partner Liontown Resources market capitalisation is $2.82billion and not long ago it was double this.
The large gold discover yat Bellevue Gold right next to MILA: https://twitter.com/power_thompson/status/1770817023162949769
Bellevue Gold market cap is $2.31billion.
Mila market cap £3mil. Time to increase my punt.
New tweet from the company
https://x.com/MilaResources/status/1780868875456008318
Nothing guaranteed but given the evidence presented and move by liontown I am liking the odds at a 3mil market cap 40-50% below the placing price and for a company with very low cash burn with the big guns paying for the exploration.
WSBN see's much bigger moves with far less going for it in a less lucrative part of Australia.
Nothing is guaranteed. And there are reasons why the market has marked MILA down to this level. What's the point of ramping? Let the teams do their work and see if the potential can be proved up and what if any options for accelerating the development and value of the resource can be secured.
JD
Gold has already been extensively drilled with 12,000m which is substantial and the grades were excellent.
See:
https://x.com/Butterheart886/status/1780159776158109711
As for lithium Liontown have conducted extensive due dilligence and indentified several pegmatite rich zones in close proximity to world class tier 1 lithium deposits and mines.
https://x.com/power_thompson/status/1770817023162949769
Liontown last year recieved and rejected takeover offers in the region of $3billion. This is in the public domain.
Bring on the updates as the uplift potential from here is huge.
Highly prospective area for world class gold and lithium grades as per the above.
This is aimed at the true investors here! Just be careful, there are a lot of posters on here who may not be invested. Just check out posters profile. Some have only been posting for a short time yet, have an incredible number of posts. How is that possible?
I am invested here but this has a long way to go to break even for me, but I won't ever ramp. GLA true investors.
DYOR - always.
Mila has potential but nothing is guaranteed. Let us see what the actual results are from the forthcoming drills.
I remember an RNS least year when it went up 150% in a day. But that was when the share price was higher and so any big news coming out of Kathleen Valley and the Liontown JV then could see a 200-300% day and consecutive rises after it settles in the pennies.
Timed it right. News of this hidden gem is making the round. Expecting a lot more interesting and demand for shares.
This is now getting on people radar and doing well today. Im in and also bought INHC worth a look too....1.00+ coming for MILA