The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Imo this is the prize.
Virgin ground, multiple elements at what looks like *could be very high grades - a potentially genuine new discovery
Gold + REEs
Major interest will come once we start proving this up...
I agree C1p2D and it explains why AH was keen to leave Vic behind and focus on QLD. I suspect he was hoping to develop some of these "inbound enquiries" which is why is made that placed "no comment" remark when asked about a JV. Does anyone know who the neighbours at lolworth are?
"Ravenswood Gold is a gold mine located in Ravenswood, Queensland, Australia. It is jointly operated by EMR Capital and SGX-listed Golden Energy and Resources Limited (GEAR). The joint venture was established to acquire, operate, and develop the Ravenswood Gold Mine. The mine is situated approximately 130 kilometers south of Townsville and 90 kilometers east of Charters Tower in northeastern Queensland" Source: Bing
"Additionally, Resolute Mining fully owns the Ravenswood project, which is also located in northeastern Queensland."
same source
Intergroup Mining own the 'Brilliant Brumby' license to the east of Lolworth
Interestingly they are commencing mining for Gold and Koalin at the start of this year with a view to also extracting Lithium.
Three interesting recent releases below including the raise of a$15m and a planned ASX listing with post listing funding of a$96m agreed.
https://igmining.com/epsaveeg/2023/12/Intergroup-12-20-23.pdf
https://igmining.com/epsaveeg/2024/02/NR-NMR.pdf
https://igmining.com/epsaveeg/2024/04/Shareholder-Update.pdf
I was just looking at that TS. It appears that Ravenswood are 90k to the east of Charts Towers where lolworth looks to be approx 100k to the west.
"Although kaolin deposits are not well known in the area, IGM has discovered widespread zones of
kaolinized granite mineralisation on the Lolworth Range plateau along with numerous narrow-vein
gold prospects. In addition, there is potential for bulk tonnage breccia hosted gold mineralisation.
The Brilliant Brumby Project lies in a prospective part of the Lolworth Igneous Complex which has only
seen sporadic exploration despite the past mining of high-grade gold at a number of locations. "
IGM could be a prospective partner with a$96m on tap at the end of the year and an ASX listing....they will be keen to be active and adding value.
They are directly on the east border of our license
Agreed was thinking the same about IGM
.......not them
.....don't know and it's not one
But obviously not both in Lolworth
I don't follow TI, you know it's not IGM, it's more than one and they're not in Lolworth but you don't know who it is. Give us a clue mate.
TI/Toffers, There is no guarantee that there is an agreed JV or JVs.
And TI , there is no way you even have a clue who the prospective partner(s) is/are.
Smells of blatant ramping on your two's parts (unless you can shed some light/ provide evidence).
Dan has provided some context in his belief that something is in the pipeline and a couple of us have provided some information on our ' neighbours' (as Mike mentioned they were talking to neighbours in a recent interview).
Personally I believe that there are/have been discussions in the background, but who they are with and at what stage (just initial chats or near sign on the dotted line?) these are at are pure speculation.
Claiming to know it's multiple parties and who those parties are is just fanciful , and damaging.
I am not connected to anyone here, so keep me out of it, I think it was Dan asked yesterday who are our neighbours and I had a look at various maps and who was mining around that area of Queensland. I've been accumulating shares for a while with the hope something good will come here. Having been in other mining stocks over many years, the natural progression would be to acquire a JV with one or more bigger outfits who can help us to advance to production quickly depending on what is found. That is why I was saying they need to JV fast, especially with the price of gold as it is, and the fact that economically, we have a number of wars in progress, which always devalues paper money but raises the prices in gold, silver and other commodities.