Ajax Resources Plc Share Chat (AJAX.PL)

Thanks for that Tom. Agreed on all your points well undervalued and just formalities.

People are focusing on the extension and ignoring the actual substance of the RNS. To me this reads far more like a deal being carefully finalised than a deal falling apart. The wording is pretty clear: both parties are still working exclusively together, negotiations on the SPA are nearing completion and the company expects completion within the extension period. That is not the language you use if there are major issues with the asset or willingness to transact.

What also stands out is the quality of Paguanta itself. This is not some early-stage blue-sky explorer with a few soil samples. It is a former producing silver mine with a defined JORC resource, existing infrastructure, nearly 47,000m of drilling and over US$31.5m historically spent on the project. The Patricia prospect alone hosts 6.8Moz silver, 265Mlb zinc and 74Mlb lead, with mineralisation still open at depth and along strike.

The copper upside is arguably what makes this even more interesting. The project sits in one of the most important copper belts globally, close to major operations and alongside a neighbouring project where Teck can earn 75% through exploration spend. Majors do not commit capital into districts they do not rate highly.

I actually think the market is underestimating the opportunity Ajax is building here. If management were rushing this through just to satisfy impatient shareholders, I would be more concerned. Instead they appear to be taking time to structure things properly while broader macro themes around silver, copper and nuclear continue improving.

Short-term traders may focus on timelines. Longer-term investors should probably focus on the fact that AJAX still looks very undervalued relative to the scale and quality of assets it is trying to assemble.

You need to buy quickly then

I cant sell shares I haven't got.

Annoying devil once you sell at 10p and above you’ll be here claiming 5p again. So cringeworthy.

Yes. I think 14 is next up

Good solid day the money coming back into this undervalued stock

Morning Peeps.....

" In just a matter of months AJAX has established its niche as a dynamic player in the explorer / developer space, identifying high value / low cost / low capex targets. On this basis alone the share price is long overdue being on the right side of 10p / £10m market cap."

https://www.share-talk.com/rns-hotlist-with-zak-mir-mpl-chll-omi-axl-ajax-rmr/

All the best (double figure pence looks good...... for a start......! :)

Price up 5% looking good for a rise towards the 10s

Then you add in the possible Oslo listing, the strategic pivot towards stronger mining jurisdictions, the Eureka monetisation angle, and the Reveille exposure in Europe, and I honestly think the market is struggling to price the business correctly because so many catalysts are landing in a relatively short period of time.

Obviously this is still a junior mining company and execution risk exists, but purely on a risk versus reward basis I think the current valuation looks completely disconnected from the underlying opportunity. In my opinion this is one of those situations where the market only wakes up once the rerating has already started.

https://www.edisongroup.com/research/on-the-appian-way-to-el-dorado/BM-3230/

Very lengthy report, took a while to read through it properly and analyse everything in detail. I actually think Edison has been relatively conservative in parts and my own figures come out higher, but nevertheless even their base case still looks extremely bullish relative to where the company is trading today.

The disconnect between the current £9m market cap and the scale of the asset portfolio Ajax is building. Edison’s conservative NAV comes in at 9.0p per share versus a 7.09p share price, but the more interesting part is the mean valuation of 25.7p and upside scenario of 46.4p if management successfully advances and validates these projects.

The Pereira Velho acquisition alone looks significant. Getting Appian involved is not something you see every day with a company this size. In my opinion that endorsement cannot be understated. Appian are one of the biggest specialist mining investors globally and they clearly see enough potential here to become shareholders and potentially increase that position materially if a compliant resource is delivered.

Paguanta also looks seriously undervalued to me. It already has a JORC-compliant polymetallic resource, sits in a tier one mining jurisdiction surrounded by major operators, and appears to have substantial expansion potential both at depth and along strike. Edison values it far above what is currently being reflected in the share price even using conservative assumptions.

Macacha could end up being the sleeper asset in the portfolio. Historical work suggests the potential scale there is far larger than what has been formally recognised so far, especially if deeper sulphide mineralisation is confirmed. The fact previous operators reportedly spent around US$25m historically on the asset tells you this is not some early-stage grassroots concept with no substance behind it. Recently I have also added nearby assets in previous posts that contained substantial gold and silver mineralisation, which in my opinion improves the overall potential of the wider district considerably beyond what many are currently factoring in.

What I also like is the structure of many of these acquisitions. Ajax has managed to secure projects at relatively low upfront cost with deferred payments tied to success milestones. That is intelligent deal-making for a junior explorer and reduces immediate balance sheet pressure while preserving huge upside exposure.

The market also seems to ignore how lean the company is operationally. Edison estimates only modest administrative drag with approximately £3.4m net cash as of February. For a company with exposure across gold, copper, silver, zinc, uranium and critical minerals, that looks exceptionally tight from a cost control perspective.

Yes, I’m the mug who topped up at 7.4p. Funds only cleared today otherwise would have done it yesterday.

Just doubled my holding in here. Seemed like a good time to do it.

Al

14-15p - 7p - moon

Whoever is using spreadex to hedge would rather you buy at the highs. Slow boring grind down followed by sharp fast moves up.

Closing of more hedges can make this move fast to new ATH.

Some top notch informative posting Mr Foulser…..silver flying as well we should be at least double where we are now….if I had spare cash would be balls deep in here

Following on from my earlier post, I have now come across another major Argentine asset that Rio Tinto is reportedly looking to increase exposure to, which again reinforces just how strategically important these northwestern mineral corridors are becoming.

What I found particularly interesting is the proximity to Ajax Resources’ Macacha project. The Rio-linked asset and Macacha are situated within the same broader northwestern Argentina mineral trend and are believed to be within roughly 100 km of each other. In geological and mining terms, that is relatively close proximity within a major Andean mineral district.

The comparison becomes even more interesting when looking at valuation dynamics. Rio Tinto is discussing increasing exposure to a project that the market already recognises as strategically important, while Macacha still appears to be flying relatively under the radar despite already hosting a historical JORC resource of 6.6 million tonnes grading 18 g/t silver and 0.62% copper.

To me, this increasingly strengthens the argument that Macacha could be one of the hidden gems within the Ajax portfolio. Historically, major Andean mineral systems often evolve through phased discovery, beginning with surface oxide mineralisation before much larger sulphide-driven silver, copper and gold systems emerge at depth. Macacha still has comparatively underexplored sulphide potential beneath the existing resource, which is exactly why the ongoing EIA progression and planned deeper drilling programme could become so important.

The broader picture now developing across Salta and northwestern Argentina is difficult to ignore. Between nearby discoveries, increasing major mining company involvement and growing strategic demand for silver and copper globally, the district itself is starting to attract a very different level of attention.

https://finance.yahoo.com/markets/commodities/articles/rio-tinto-talks-increase-stake-081038920.html

When combining the existing JORC resource, the deeper sulphide upside, the increasing regional validation now coming from nearby projects like Francisca, and Ajax’s wider exposure to silver, copper, gold and uranium, I personally think the company may still be trading at a valuation that does not yet fully reflect the scale of the long-term opportunity.

Purely as a personal long-term view, if Macacha ultimately proves capable of evolving into a large-scale sulphide-driven silver-copper-gold system, I would not consider a future multi-billion-dollar in-ground valuation unrealistic. Personally, I can see a scenario where the underlying asset value eventually reaches the region of US$8 billion if the deeper system delivers the type of scale historically seen elsewhere across major Andean mineral districts.

Obviously exploration always carries risk and nothing is guaranteed, but from a geological and strategic perspective, the regional similarities and continued district validation taking place across Salta are becoming increasingly difficult to overlook.

Francisca article:

https://www.streetwisereports.com/article/2026/05/08/mining-co-confirms-4-71-g-t-gold-intercepts-at-argentina-project.html

I regularly follow mining developments across Argentina and the recent Francisca results in Salta Province immediately caught my attention because of how relevant they could be to Ajax Resources and the Macacha project.

Francisca and Macacha are situated within roughly 80 km of each other in the same broader northwestern Argentina mineral corridor. In geological terms that is very close proximity, particularly in a region where large hydrothermal systems can extend across multiple projects and licences over substantial distances.

Most of the market attention around Francisca has understandably focused on the reported gold intercepts up to 4.71 g/t Au, but the broader significance in my opinion is what this continues to confirm about the Salta belt itself. The region is increasingly demonstrating the hallmarks associated with major Andean mineral systems carrying copper, silver and gold mineralisation.

That is highly relevant for Macacha. Macacha already hosts a historical JORC resource of 6.6 million tonnes grading 18 g/t silver and 0.62% copper, equating to approximately 3.8 million ounces of silver and more than 40,000 tonnes of contained copper. For a company of Ajax’s current size, that alone represents a meaningful resource base before even considering the wider exploration upside.

What I believe the market still underappreciates is the significance of the deeper sulphide potential beneath the existing oxide resource. Historically, Andean systems often evolve from relatively modest near-surface oxide mineralisation into much larger sulphide-driven systems carrying stronger silver and associated gold enrichment at depth.

That is why nearby regional discoveries matter, the geological parallels between Francisca and Macacha are notable. Both sit within the same mineralised corridor, both are associated with intrusive and hydrothermal activity, and both demonstrate evidence of multi-metal mineralisation within a district now attracting increasing exploration attention.

Ajax has already submitted the EIA and outlined plans for up to 5,000 metres of drilling alongside IP geophysics and channel sampling specifically targeting the deeper sulphide zones. Historical operators also invested substantial capital into advancing Macacha between 2005 and 2010, including extensive drilling and metallurgical work, meaning the project already has a significant technical foundation behind it.

The silver angle is particularly compelling in the current macro environment. Silver is no longer simply a precious metals investment story. Industrial demand linked to solar expansion, electrification, semiconductors, AI infrastructure and battery technologies continues strengthening globally, while large undeveloped silver-rich systems remain relatively scarce.

Just picked up some more cheap stock ;)

Argentina’s copper resurgence is rapidly becoming one of the most compelling resource investment themes globally, and we have entered just in time to reap the rewards.

Today’s Mining.com feature highlighting a potential US$40 billion investment wave into Argentina’s copper sector reinforces the scale of the opportunity now emerging across the country’s highly prospective Andean belt. President Javier Milei’s pro-investment reforms, combined with accelerating global demand for copper, are repositioning Argentina as a future strategic supplier of critical minerals to the global energy transition. Ajax is strategically positioned within this macro shift through its growing portfolio of copper and precious metals assets across Argentina and South America.

The Company’s Macacha Copper-Silver Project in Catamarca recently advanced with the formal submission of its Environmental Impact Assessment, representing an important milestone toward exploration and development progression. Based on updated internal estimates, Macacha alone carries a combined potential in-ground value approaching US$9 billion across both JORC and non-JORC copper and silver mineralisation.

At the same time, Ajax continues to unlock value from its Eureka Copper-Gold Project in Jujuy, where updated figures indicate a potential in-ground copper and silver value exceeding US$8.5 billion. The Company recently confirmed ongoing discussions regarding a potential divestment transaction as part of its broader operational strategy, further highlighting increasing market interest in high-quality copper assets within Argentina.

Across the wider portfolio — including Rachaite, Paguanta and Pereira Velho — Ajax Resources now estimates total potential asset exposure of more than US$22 billion based on prevailing commodity prices.

What is becoming increasingly clear is that Argentina is no longer viewed as a speculative future copper jurisdiction. It is now emerging as a globally important development pipeline at a time when long-term copper supply deficits are becoming impossible to ignore.

Against this backdrop, Ajax offers investors exposure to a diversified portfolio of copper, silver, gold, lead and zinc assets at a pivotal moment for both the sector and the country. Worth watching the young Ippolito’s interviews that have just come out to rehash the potential yet to come.

https://www.mining.com/argentina-mining-revival-fuels-40b-copper-push/

Argentina’s copper resurgence is rapidly becoming one of the most compelling resource investment themes globally, and we have entered just in time to reap the rewards.

Today’s Mining.com feature highlighting a potential US$40 billion investment wave into Argentina’s copper sector reinforces the scale of the opportunity now emerging across the country’s highly prospective Andean belt. President Javier Milei’s pro-investment reforms, combined with accelerating global demand for copper, are repositioning Argentina as a future strategic supplier of critical minerals to the global energy transition.

Ajax Resources is strategically positioned within this macro shift through its growing portfolio of copper and precious metals assets across Argentina and South America.

The Company’s Macacha Copper-Silver Project in Catamarca recently advanced with the formal submission of its Environmental Impact Assessment, representing an important milestone toward exploration and development progression. Based on updated internal estimates, Macacha alone carries a combined potential in-ground value approaching US$9 billion across both JORC and non-JORC copper and silver mineralisation.

At the same time, Ajax continues to unlock value from its Eureka Copper-Gold Project in Jujuy, where updated figures indicate a potential in-ground copper and silver value exceeding US$8.5 billion. The Company recently confirmed ongoing discussions regarding a potential divestment transaction as part of its broader operational strategy, further highlighting increasing market interest in high-quality copper assets within Argentina.

Across the wider portfolio — including Rachaite, Paguanta and Pereira Velho — Ajax Resources now estimates total potential asset exposure of more than US$22 billion based on prevailing commodity prices.

What is becoming increasingly clear is that Argentina is no longer viewed as a speculative future copper jurisdiction. It is now emerging as a globally important development pipeline at a time when long-term copper supply deficits are becoming impossible to ignore.

Against this backdrop, Ajax offers investors exposure to a diversified portfolio of copper, silver, gold, lead and zinc assets at a pivotal moment for both the sector and the country. Worth watching the young Ippolito’s interviews that have just come out to rehash the potential yet to come.

https://www.mining.com/argentina-mining-revival-fuels-40b-copper-push/

Just added more on todays weakness easy money !

Great post TF

Excellent summary, the main element to this story is Appian, it cant be underplayed having them as the major investor and looking to divest projects that don't fit their criteria due to size.

It makes Ajax both credible in the market place for investors and incredibly well placed to benefit from anything handed down to them by Appian at favourable rates.

With a fair wind, Ajax will hit 20-30p in a year IMO.

Really impressive interview and probably the most complete Ajax interview so far.

The investment into Reveille looks a very clever move. Ajax is putting in £200k for 25% exposure to a dedicated European uranium vehicle, with Novazza and Val Vedello bringing historic work, underground infrastructure and clear strategic relevance at a time when Europe is having to think much harder about energy security. That is a serious opportunity for a relatively modest outlay.

Crucially, it also keeps the Ajax story clean. South America remains the core focus, while Reveille gives shareholders upside to a potentially significant uranium listing without dragging Ajax away from Macacha, Pereira Vello, Paguanta and Eureka. Way undervalued under 10p, I fully expect a double in share price sometime this year if execution lands.

Macacha is the main one near term for me. A 6.6mt copper resource from oxide mineralisation alone, plus a funded 5,000m drill campaign to expand the oxides and test the sulphides for the first time, gives Ajax a proper chance to create technical value. If they can deliver a modern resource update and show scale beyond what is already known, the market will have to start paying more attention.

Pereira Vello also looks better the more detail we get. The Appian relationship is important, not just because of the asset itself, but because it gives Ajax credibility and potential access to further projects. For a company of this size to have Appian on the register is not something to dismiss lightly.

Paguanta adds a different angle again. Historic spend, lots of drilling, a production ready style profile and silver exposure. It needs permitting and community work, so it is not tomorrow, but it gives the portfolio more depth than most juniors at this stage.

The part I liked most was the balanced tone from Ippolito. He is clearly ambitious, but he also acknowledged that Ajax still has to deliver. That is exactly right. The portfolio has been assembled well, the capital structure looks tight, there is cash in the bank and no debt, but the next leg comes from execution.

For me this is shaping into a proper multi catalyst resource story. Uranium listing, Macacha drilling, Pereira Vello drilling, Paguanta progression, possible Eureka outcome and potentially further South American deals.

Still early, still plenty to prove, but the direction of travel is very encouraging, I reiterate i fully expect the price to double before end of the year.

Great interviews

2 great updates from Ipollito, so many near term SP catalysts.

3 this month.

https://x.com/zakstraderscafe/status/2051618904540070355?s=46&t=XyfBTfKBFxdrc6GXCMdIsw

https://x.com/mrr1chmond/status/2051615531560558773?s=46&t=XyfBTfKBFxdrc6GXCMdIsw

Decent post from finansavisen

At first glance this spin-out looks complicated and a bit messy, but if you strip it back to the fundamentals, there are some very strong positives here for Zenith shareholders.

The key point is the underlying asset. The Lombardy Project represents Italy’s largest known uranium resource base, with historical estimates equivalent to roughly 15 million lbs of uranium across Novazza and Val Vedello. At a uranium price of around $86/lb, that implies a potential in-ground value in excess of $1.2 billion before any exploration upside or resource upgrades.

Where some confusion is coming in is around the £200k investments by Zenith and Ajax for 25% each. This is not a valuation of the uranium assets. The RNS is clear that this capital is being used to fund the IPO process and establish Reveille as a listed vehicle. In other words, this is setup capital, not asset pricing.

The real valuation event will come at IPO and, more importantly, in the months that follow once the market begins to properly price the assets based on updated exploration, modern resource definitions, and uranium market sentiment. Early-stage listings are often conservative by design; the upside is realised as the story develops.

Another important point that shouldn’t be overlooked is that Zenith is not exiting the asset — it is restructuring ownership. Zenith will not only retain a significant equity stake but will also be reimbursed £350k in shares at IPO price for costs already incurred. The company has also indicated it may invest further at IPO, reinforcing its position as a major shareholder.

Strategically, this actually makes a lot of sense. Zenith is an energy company, not a mining developer. Spinning the asset into a dedicated, Europe-focused vehicle with a clear mining and exploration mandate creates a much cleaner story for the market. It also allows the uranium assets to be valued on their own merits rather than being buried inside a broader oil and gas business.

Yes, the 25/25 structure with Ajax raises questions, particularly given Zenith originally held the asset. But if Ajax is effectively providing operational execution, public market experience (via Aquis), and driving the listing process, then there is a logic to sharing equity at this stage — especially if it accelerates development and unlocks value faster.

Zenith were always going to need a partner in the mining industry and at least this way we have gone one that we can trust. Ippolito is going to be managing the project on behalf of Ajax and Zenith and at least we know he is not going to screw over his dad (and therefor us as Zenith shareholders).

The bigger picture here is what matters. Europe is actively reassessing nuclear as part of its long-term energy strategy, and Italy itself is moving back towards nuclear generation. That macro backdrop, combined with existing underground infrastructure and historical exploration, puts these assets in a far stronger

Appian says it all they’re happy with Ajax and will stand by the company till we grow…when we lost on Euronext the investor base and market cap will also be much larger

Ezhik if I remember correctly you were actively deramping zenith for a long time…really odd you’re now following his son here but stalkerish if you ask me…everyone can moan here as much as they want the price has moved from listing 4p all the way to 12p at one stage so we investors are happy where this is going

With the $5bn private mining fund Appian Capital a TR1 holder of AJAX i expect Ippolito will have spoken to them before Lord Sugar

Be good to keep the BB sensible and i’m sure you meant well

They just need the licence, a mining organisation, millions to get the mines back to operation, more millions to extract and process the ore. Maybe they could put a proposal to Lord Sugar for funding it -- see what he says.

I think I’ve just worked out what’s going on here after putting two and two together.

Ajax sets up and backs Reveille as a European vehicle focused on historical assets with existing infrastructure, then shortly after announces the Sardinia antimony and tungsten project through Minerva. When you actually read the RNS details, it’s basically the same playbook — past-producing mine, strong legacy data, near-term potential, and aligned with EU critical raw materials policy.

They’ve even said the Minerva asset could be spun into a listed natural resources vehicle. Reveille already exists, is Ajax-backed, and is heading to market, so it feels like the obvious place for it.

If that’s the case, you’re looking at uranium in Lombardy sitting alongside antimony, tungsten and gold in Sardinia under one vehicle, all tied into the same European supply chain and energy security theme.

Could be wrong, but it looks like this is what’s happening.

IPO price is $10 million (which I reckon is the maximum it could be) then there is nothing to stop the value hitting $100 million a year down the line meaning that our stake would be worth $25 milliion….Not a bad result for something that only cost $350k in the first place…good job by ipolito

Think this by far better news for Ajax than zenith…25% of a company for us that could be potentially worth billions….should see more buying soon !

Nice adding uranium into the mix let’a hope the U.S. don’t invade us for uranium too!

Https://www.lse.co.uk/rns/AJAX.PL/ajax-makes-strategic-uranium-investments-in-italy-2yr17y898804f9o.html

This is a genuinely significant RNS and, in my view, one of the more strategic moves Ajax has made to date.

This is not a passive investment. Ajax is becoming a majority shareholder in Reveille at formation, which gives it control from the outset. That means direct influence over how the assets are advanced, how capital is allocated, and how value is ultimately realised.

The approach is consistent with where Ajax has delivered before. Reveille is focused on historically developed uranium assets with extensive prior work and existing infrastructure. That shifts the proposition away from high-risk exploration and toward revalidating and upgrading known mineralisation into modern compliant resources, with a clearer pathway to development.

The Lombardy Project is central to this. These are legacy uranium deposits from Italy’s former nuclear programme, supported by approximately 80,000 metres of drilling, multiple underground levels and over 15 kilometres of workings. The mineralisation is already established, so the focus is on modernisation of the data and assessing economic viability under current standards.

Novazza carries an exploration target of 2.5 to 3.0 million pounds of U3O8, while Val Vedello appears to be the larger system with around 6,000 tonnes historically outlined and more than 60,000 metres of drilling completed. Taken together, this is the largest known uranium resource base in Italy, with existing underground access that could materially reduce redevelopment timelines and capital intensity.

These assets were not shelved due to geological issues but because of policy decisions following Chernobyl.

The backdrop today is different. Energy security is a growing priority across Europe, nuclear is returning to policy discussions, and Italy is exploring reintroduction through small modular reactors. At the same time, uranium supply remains constrained globally, with long lead times for new production.

The planned AQSE listing adds further relevance. There are limited UK-listed routes into European uranium, particularly with assets at this stage. A focused vehicle with a defined resource base and clear strategy provides a differentiated entry point into the theme.

The partnership structure is also notable. With Ippolito Cattaneo and Andrea Cattaneo leading, alongside Ajax and Zenith, there is alignment and continuity in execution, which is often a key factor in advancing projects of this nature.

Overall, this represents a controlled entry into a strategically important commodity, built around assets that already have a substantial technical foundation. The next phase will be about execution, validation and navigating the regulatory environment, but the starting position is clearly defined.

Added yesterday 10p on the cards

Great move by Ippolito to take Ajax to the next level in terms of market cap and exposure.

A Euronext Growth Oslo listing opens the door to a much deeper pool of capital compared to where they are now. It’s a market that really understands natural resources and tends to reward growth stories in that sector far better than smaller exchanges. Liquidity alone should improve materially if they execute this properly.

The bigger point for me though is the investor base shift. Euronext brings in a different class of investors – more institutions, more specialist funds, and a broader international audience that simply wouldn’t look at Ajax in its current setup.

Also worth noting the potential crossover interest from investors already active in other Euronext-listed energy/resource plays. Zenith Energy comes to mind here – huge liquidity, very active shareholder base, and already familiar with the management ecosystem. With Andrea Cattaneo (CEO of Zenith and Ippolito’s father), there’s already a strong, established presence on Euronext, which could naturally help put Ajax on the radar of investors active in that space. I’d also expect a fair number of investors already in Zenith to at least take a look at Ajax as a potential play once it’s listed on the same exchange.

On top of that, the network effect shouldn’t be underestimated. Having those existing relationships and contacts in Norway and across institutional investors could make a real difference in terms of visibility, introductions, and ultimately attracting the right long-term shareholders.

If Ajax can position itself correctly post-listing and communicate the growth story well, this could be a significant step up in visibility, valuation, and daily trading volume. I fully expect Ajax to take the price to the next level in the coming weeks from here.

Annoying devil now calling imaginary trades he called LOL

Https://www.mining.com/argentina-lithium-enters-100m-deal-with-chinese-partner-to-advance-rincon-west/

Chinese just invested $100m lithium in Argentina…wonder how much they’ll fork out for eureka

Nope,

i said the touch of 5.8 was likely the bottom and then a fast move to 9.5. it happened.

same as my call from the highs down to 5.5-6.5 range. it happened.

get over it and carry on following all the bias in TG. That's where u belong.

They only fixate on stocks they can make a trade of….it’s a good sign but he always misses his entries he missed his 6p chance waiting for 5p…look where we are now was 9p this week

Https://www.lse.co.uk/rns/AJAX.PL/tungsten-and-antimony-project-in-sardinia-italy-9pez9axvdoaqd3m.html

But Zak Mir was looking at this to run up past 11p by end May on yesterday's podcast.

Good write up Tom…..9.25p now we’re flying up….looks like the annyoungdevil wrong AGAIN!

Just came across this article on Argentina’s record mining potential and it does put things into context a bit.

https://vocal.media/chapters/the-largest-gold-silver-and-copper-deposit-discovered-in-the-last-thirty-years-might-alter-international-markets

The discovery they’re talking about sits in the Andes on the Argentina–Chile border, and the scale is obviously huge — one of the biggest copper, gold and silver finds in decades. You’re looking at a system that could take years and serious capital to develop, but it reinforces one key point: that belt is still delivering at the very top end.

That’s where the comparison to Ajax becomes relevant. Not in terms of size, because this is tier-one territory, but in terms of positioning. Ajax has been building exposure in South America, including Argentina, targeting copper and gold systems in regions that already have a track record. This kind of discovery doesn’t come out of nowhere — it comes from established geology, and that’s exactly what Ajax is trying to align itself with.

It also highlights the copper angle more than anything. Gold gets the headlines, but copper is what’s driving the long-term interest in these projects. That’s where demand is heading, and any company with credible exposure there is at least pointed in the right direction. Ajax leaning into copper alongside gold fits that broader trend.

At the same time, worth keeping expectations realistic. A discovery like the one in the article is the result of years of work and backing from major players. Ajax is still early stage, building out its assets and progressing exploration. There’s a big gap between having prospective ground and proving up something meaningful.

Where it does matter is sentiment and direction of travel. When a discovery of this scale comes out of the Andes, it tends to draw attention and capital back into the region. That can lift interest across the board, especially for smaller companies operating in similar geological settings.

So for me it’s less about comparing Ajax directly to a find like this, and more about what it confirms. The right metals, the right region, and a belt that’s still capable of producing world-class deposits. Ajax is positioned in that environment — now it comes down to whether they can execute and demonstrate value from what they hold.

IG have been holding this down for weeks by only allowing closing trades. Meanwhile the business has been progressing very strongly and even has a Chinese Company in exclusive talks to buy Eureka. AJAX should be double or triple this price IMHO and I think it will break out soon.

8.75p btw

Although I’m sure you’re already on the group :)

Join the telegram group lots of research there with images and figures…you could always reenter when the share price gets to 20p lol

first you explain how they’re worth billions!

they’re worth what someone is willing to pay for them.

the future valuation can go up with work done to them spinning out £b valuations is for the ******ed/manipulative folk.

which one are you?

The spikes up are irrelevant imo, so long as the lows get higher all is well until news gets you a meaningful breakout.

Nah, needs to go lower again to close out more of the hedge while serving up yet another higher low.

6.5? No chance….more likely to break 10p now

Needs another retest of 6.5 imo. Reject that area once more then it’ll be set for new highs.

Thanks TF. Good buying pressure at the moment.

Doesn't matter a jot. What ever someone is willing to pay for it is what its worth. a £0.5m- £1m profit in < 1 yr would be good business for IC

Correction. $8M not £8m.

Those assays should be along shortly. I know only a few holes were drilled and the deeper target not tested, but good results would augur well for the terms of the potential Eureka sale.

As I pointed out before, BZT paid £8m for Eureka in 2010, when copper and gold prices were at much lower levels than today.

No guarantees what terms any offers come in at, and any retained royalty will affect the upfront price, but it is easy to imagine a sale price close to or higher than AJAX current Mcap.

Should report in the next 2 weeks (45 days from rns) and surface sampling assays too.

Mb some more news on potential sale too?

Should be a v interesting q2.

10p testing shortly!

Next to nothing available online currently, the price hit 12p in January and was going higher until they closed off online buying for very long periods.

The brokers seems to suggest that 23p as a near term target price, however, since then the Eureka prospective sale has to be added to the mix.

No wonder it is hard to buy around current levels.

8.75p now…10p coming

Ajax should power through 10p now. The Chinese have deep pockets and are buying resource stocks all over the world.

Post on TG worth a read, DYOR etc.

It looks nailed on the sale of Eureka will proceed, none of this is factored into the current share price, my bet is it will be a mixture of cash up front, reserve based payments + a Net Smelter Royalty, I have no doubt the share price will really start to appreciate from current levels, no doubt the wider market has little idea about the recent podcast so followers of the company are at an advantage to either add or buy in ahead of an RNS. Where could the share price go is anyone's guess but anything under 10p is bargain basement IMO and make no mistake the market will make it increasingly harder to buy a decent slice of stock accordingly.

Https://www.msn.com/en-us/news/technology/fredonia-begins-10000m-drilling-at-edm-gold-project/ar-AA218Zdc

Another Spreadex RNS due.

Great close….10p next stop well done to those who got in last week

Now 8p. 7.5-8.5. 10p next.

Back over 10p soon