Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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From Kazera’s rns this morning,
Whale Head Minerals ("WHM") (60% interest)
The Company is pleased to confirm that it has placed an order for the manufacture of equipment to undertake the separation of HMS at WHM's Walviskop Heavy Mineral Sands Project within the vicinity of Alexander Bay/Port Nolloth, South Africa. The equipment, expected to be delivered in approximately four months, will allow the Company to sell Ilmenite and Garnet as separate HMS components, which will attract higher value than a bulk product. It is anticipated that the introduction of this equipment will lead to the production of product exceeding a purity of 80%, for which there is a ready market. Consequently, the Company is in active discussions with several prospective purchasers for these products. In the interim, the Company is introducing a double-deck 500-micron screen with a view to accelerating production of the separated HMS product. The Company is currently building up stockpiles of HMS whilst identifying a site to dry material away from the moisture and dust of the coast.
The initial mine permit area applied for by WHM and accepted by the Department of Mineral Resources and Energy has been moved circa 100 m etres to the west due to conflicts identified with the original permit coordinates. This has resulted in the Mine Permit now being in the surf zone of the bay and not largely on the beach. The resource volume for the new offshore permit location estimated by CREO Design (PTY) LTD, which undertook the initial competent persons report and resource estimate, is determined to be comparable in volume to the initial volume estimate for the onshore area but at a grade of 49.9% total heavy minerals compared to the 62% total heavy minerals on the beach area. This can be explained by the wind playing a significant role in removing light sand grains from the beach and so enriching the heavy mineral deposited there. However, a major benefit of the permits being moved is that wave action is constantly renewing the resource and rehabilitating the mine site. This means that current volumes in situ are largely irrelevant as what is mined is naturally replenished. Furthermore, initial testing has confirmed that the planned separation plant will upgrade the material from 49.9% to in excess of 80%, which will be directly saleable and is believed to be one of the highest grades in the world.
The mining method used in the WHM permit area will remain a dredging operation as originally planned. With the entire resource being submerged, a further advantage of the movement of the permit area is that dredge mining can take place unhindered and at a higher rate, resulting in higher production levels at lower unit cost per ton mined. This means the new moved mine permits have the potential of outperforming the original heavy mineral production volumes of mining on the beach.
….
You have to wonder what's happening here with the sp, there are no sales to speak of, ok there has been radio silence from the company in regard to significant news, updates, which creates doubt within the market, but come on, it does not warrant this constant decline. No short selling as far as I can make out.
Is the price being brought down to accommodate a buyer, as you say Gold junior, they may well be in negotiations, I hope so, and if so, let's hope we get a result soon.
Are we not well overdue news on the last drills or am I missing something here? Surely they need reporting even if in negotiations?
From Kazera's RNS this evening;
'Operationally, the Company continues to make progress, with both its Heavy Mineral Sands (HMS) and Diamond operations now in production. The Company has also placed an order for the manufacture of equipment to undertake the separation of HMS at its Alexander Bay site. The equipment, on which the Company has made a substantial down payment and has sufficient funds to complete the purchase, is expected to be delivered in approximately four months and, once installed, will allow the Company to sell Ilmenite and Garnet. Accordingly, the Company is in discussions with several prospective purchasers for these products, whilst it continues to stockpile large volumes of HMS, whilst also separating out diamonds.'
This slide is just bound to happen with no significant news or updates. I feel that once Kazera announces their re listing we will be put in the picture regarding further developments.
The HMS side of the business seems to be the jewel in the crown at this stage of proceedings, a jewel which by the looks of it has been totally overlooked by the market.
Not good to watch.
aka
Interactive Prospect Targeting Holdings Plc (AIM:IPH
woodburne square
StratMin Global Resources Plc
Does anyone know what the original company was called , trying to consolidate some losses for tax reasons but don’t know when i acquired these and cost , likely to be over 10 years ago
Couple of things reading the accounts:
1. Whales Head (40%) and Deep Blue (10%) are in the FY2022 accounts at cost (£1 and £2). These will be revalued at fair value once operational (i.e. in the FY2023 accounts). (Should equate to a £0.5m gain)
2. Post Period sale of Kazera shares £50k gain (December 2022).
3. Post Period sale of Deep Blue 30% to the Black Economic Empowerment local community. Unclear what (if anything) they are paying for this 30%
4. Post Period Income from Whale Head and Deep Blue begins. (Worth around £0.3m/year)
5. Meanwhile We await assays on Specimin Hill and news of the JV!
GLA
Pdf,
https://www.tectonicgold.com/_files/ugd/666e6e_d796abd69b1949cd990e54f553c72be2.pdf
From Kazera’s rns today,
Update on Walviskop Heavy Mineral Sands project
In South Africa, the Company is pleased to announce that it has comfortably exceeded its target of producing 1,000 tons of bulk Heavy Mineral Sands at the Walviskop mine by the end of 2022, and has already built up a stockpile of almost 5,000 tons. Offtake discussions are well advanced with three different parties, all of whom have expressed interest in buying the bulk product with a view to entering into a contract in the future to purchase the product in the form of refined minerals, which attract a premium price.
Tectonic gets a mention for an explorer to be looked at in 2023 by Paul Renken the chief geology analyst for VSA.
We have to be close now in regard to the Assay results.
https://soundcloud.com/user-596578261/5mmm-20221216-084511-meeting-recording?utm_source=twitter.com&utm_campaign=wtshare&utm_medium=widget&utm_content=https%253A%252F%252Fsoundcloud.com%252Fuser-596578261%252F5mmm-20221216-084511-meeting-recording
KazeraGlobalInv have already exceeded production targets for 2022.
https://twitter.com/KazeraGlobalInv/status/1603017215338496001?t=Ek9os-fx5HE_ZUPpDaiX5Q&s=19
https://twitter.com/KazeraGlobalInv/status/1602320753126408192?t=_5LJv0OR40pO3NGhpZHS_Q&s=19
Ah ok. I didn’t know it was a competition!
Thanks for the info you two!
I didn't expect anything more really, junior company in the market of finding gold with little to no revenue with a market cap of 7 mil. I also didn't expect them to consider their pioneer/expertise status in the IRGS space, nor the potential world class discovery at Specimen Hill.
Next year would be a different story imo.
They were knocked out in the group stage
https://twitter.com/AquisStockEx/status/1597554395641573377
Does anyone know/have info on how the VSA presentation went?
Thanks
Really good to see the first hole finally completed. Also the unplanned second hole seems very encouraging… The warrants news is also very positive IMO.
Roll on the assay results with a potential JV to follow. IMO that’s when we will finally see the share price movement we are all waiting for…
This should (and I say should) see us moving in the right direction today.
Confirmation of multiple intersections of mineralisation from both holes.
Ongoing discussions with added majors with a view to partner to be resumed.
The whole tone of that RNS sounds nothing but positive, we just have to keep everything crossed that those assays deliver what we have all been waiting for.
Come on Tectonic!!
Subscribers under the September 2020 fundraising received a warrant on a
one-for-one basis whereby each warrant entitled the holder to subscribe for a
new Ordinary share at 1.4p per share at any time prior to the expiry of 30 days
after the Company publishes the results of its drilling programme (the "Drill
Warrants"). These expire 30 November 2022. The Company recognises that these
warrants are out of the money, however as there is no current need for
liquidity, the warrants will not be extended.
COMPLETION OF DRILLING AND DRILL WARRANT NOTICE
Tectonic Gold plc (TDIM: TTAU), the Intrusive related Gold System exploration
company, is pleased to announce completion of the drilling campaign at the
Specimen Hill project in Queensland, Australia.
Highlights:
* 350m deep diamond core below Goldsmith's Reef completed, intersecting
bullseye geophysical target below high-grade historic mine.
* Ideal conditions enabled a second 180m deep hole to be completed
intersecting an adjacent geophysical target.
* Selected mineralised core samples were split and prepared on site for
assay, prior to demobilisation.
* Assays pending.
* Joint venture discussions to be pursued.
* Tectonic will be participating in the VSA Capital - Aquis Investor Showcase
29th November.
Dangerous weather forced our Goldsmiths Reef campaign to be suspended in
January 2022. At the time we were completing a critical final hole in the
campaign, but had less than 200m of a planned 350m deep hole Drilled.
Mineralisation in the last ten meters returned assays of up to 8.17g.t Au in
narrow 1m wide veins which we were eager to follow up on.
Goldsmith's Reef is a high-grade historic mine that was in small scale
operation prior to World War I. Tectonic used advanced geophysical surveillance
technology to map the depth extension of the known mineralisation at surface,
This identified a potential source zone for the gold. The 350m deep hole was
designed to intersect the extension of the mineralised zone below the old
workings and test the potential source zone.
Geophysical testing also identified a secondary proximal target at 180m depth.
With ideal drilling conditions over the last few weeks, we were able to drill
and test this second zone as well.
In-field geological analysis has confirmed multiple intersections of
mineralisation from these two holes and sample lengths of core have already
been prepared for assay. Results will be reported as soon as possible, subject
to laboratory testing availability.
The Company expects to have sufficient information from the completion of this
campaign to support joint venture discussions for the further development of
the Specimen Hill project. During the last two drilling campaigns the Company
hosted a number of large gold producers on site and shared technical with a
view to partnering on the development of Specimen Hill. These discussions will
be renewed with additional potential partners also invited to look at the
upgraded technical information package. Progress will be reported when
appropriate.
HH1AN2
The current state of play regarding where we are at and why it has taken this amount of time is publically documented, as is the potential of the asset and the future prospects, so with that in mind, you can only decide for yourself whether you consider it worth waiting for.