Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
So….why are you even following this share/board?
I missed the big the big re-rate, yet another bust to add to the ever growing list of busts. What a bunch of wasters this lot are, any discovery that is left for years this lot want to prove are an actual waste of a drill bit, funded by us the shamefully stupid. Ever willing to go to the well in the Sahara just because it rained. When will we learn these lifestyle companies move from one great resource to another finding diddly squat next up the next big thing lithium. Oops now why has that sat on cadence books with no investment????, why Core and whoever else not interested????? just maybe another BUST coming from a bunch of tits.
Fortunately they raised over £6m before drilling so plenty of money in the bank. So many irons in the fire here anyone project could deliver a 10 bag. #Arya #litchfield #bigone #picasso
The thing is how much money have they got to bum about the bush, if streaches in to next year. be some serious diulution in share price. if no positive news turned start of new year, alone Run Up to Christmas Company be write off.
I agree it's a mixed bag and plenty of food for thought for both optimist and pessimist.
Has the geo consultants model been disproven? EG01, previously thought to be a 'massive sulphide bedrock conductor', may now be carbonaceous shale? Drilling appears too shallow to hit the anomoly originally proposed by BHP. The board thought it 'prudent' to revise to the shallower model. I question the economics of not going deeper having gone to the expense of chopper lifting everything to site.
Nevertheless 1-3% metal sulfides, even at this shallow depth, could be a good result depending on composition. It's true only a fraction will be copper but what of the remainder; cobalt? Zinc? REE? I'm not putting any value on the graphite as quality depends on type (flake, amorphous, lump etc.)
Most encouraging is the intention to continue drilling EG01, EG02 & EG10 next year. Clearly they have seen enough to justify further work. It also appears they are persisting with the model and will explore the magnetic anomoly to the proximal south as a 'primary source of base metal'. Eldorado also seems to have piqued their interest and a timely reminder that Arya is not the only prospect in the vicinity.
So, just like Big One, it could be this time next year before we truely know what these resources hold. We should still get plenty of news between now and the end of the year, further drilling at Arya, assays from both Arya and Litchfield and maiden drilling at Luanshya. It looks like 2022 will be a big year and while 2021 was frustrating at times, a lot of ground work has been done. I'm not ready to write off Castillo yet.
As mentioned in RNS last week, there were was a challenging environment for drilling. I buy that but with a pinch of salt ha-ha. Being sceptical I suspected they were playing for time. So they got a third drill done.
Come today and they have not mentioned drills 1 and 2? So they wanted to get drill 3 done which was able to provide mediocre data.
Seems like a mixed bag from drill 3 and potentially the anomaly is from graphite. Sulphides 1-3% buy volume detected by XRF. So for a 200m strike we are talking 2m to 6m of scattered sulphide. Then you are down to what %Cu. They didn't say and would have jumped at the chance to headline a high reading.
Early days yet. They interpreted the anomaly depth differently to the original estimates. I think all is still to play for. The deep diamond drills will reveal.
I would like to think that they have planned the five RC holes so that they can diamond tail three of them, speeding up the exploration and reducing costs considerably.
We will get a further update within 2 weeks as they complete holes 4 and 5.
Seems like a mixed bag in Arya. Sulphide was the target but graphite seems to be the
Mangerment full of spin, as been mentioned
Agree loot, was hoping for more but at least there's something to play with there.
Australian market still not quite sure and remains unchanged. Two things are encouraging for me; visible sulphides between 1-3% (visible estimation difficult due to black schist) and further drilling planned for next year. So certainly not a dead rubber by any means. On the other hand, no mention of how this fits with the geo consultants model. I assume it is the carbonaceous siltstone showing as the electromagnetic anomaly so we cannot rely on the model. Not quite the slam dunk I had hoped for but still enough there to keep the market interested. The assay results will be very interesting.
... and there's still lots of news to come over the next few weeks.
Only scratched the surface! This has huge potential yet to be discovered.
Recap of tonights announcement from Ged Hall-
https://twitter.com/themarketbullau/status/1460731350558797826?s=21
Great news!!
Scroll down to announcements, apologies if it's been posted already,
https://www2.asx.com.au/markets/company/ccz
Hot Copper reports - Castillo Copper’s Managing Director Simon Paull commented: “The preliminary findings from the drilling campaign are quite remarkable, as over 200m of carbonaceous siltstone and schist, exhibiting occurrences of base metal sulphides and fine-grained graphite mineralisation, was intersected. This is an exciting development
mine 2.70 average
Be good , it won't make or break this company . might get a short spike , as i said Arya all or nothing
@pommefrite I'm with you there but was lucky enough to average down to 3.07p.
Fingers crossed we can do a 'Double' with good Arya Copper AND 'NewPlay' Lithium results!
ATB APR
The poster nevchev posted the following news on Hot Copper forum...
https://c.newsnow.co.uk/A/1104184058?-56510:35015
Australasia Gold up 25% today on 1.61% Li2O in rock chip samples assayed in their licence adjacent to Core Lithium; "The discovery comes less than three months after the company pegged the tenement in late August and is along a strike of known spodumene-bearing pegmatites located in the adjacent EL26848 owned by Core Lithium Limited (ASX: CXO)."
Lol, keep an eye on Anglesey mining, you never know !
same as me
From what I read it was referring to the weather conditions, heat and thunderstorms I believe.
Could be a trading halt in aus tonight if arya update is significant...
RNS 9 Nov: · Interest in the Mt Isa copper-belt continues to grow, with Rio Tinto recently acquiring contiguous ground1 on the eastern boundary of the NWQ Copper Project which is proximal to the Arya Prospect
· A more detailed update will be released within the next week
Does anyone know what Simon Paull is referring to?
Trading halt on ASX incoming, could be a mega week for us, good luck.