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I think what happened last few weeks with the drop in the share price and the surge since Tuesday is due to news pending and probably insiders buying
Results due any day big gains impending!!
That sounds reassuring!
Yep mining is what Tanzania relies on, huge industry, I have been on Safari there actually fantastic country, business never stops in Africa they cannot afford to unlike the west hence no restrictions due to Covid, if they stopped working they would have to stop eating, business never stops
Got a feeling results may land tomorrow, business doesn’t stop at SGS they work 24 hours at a state of the art lab, assays usually take 6-8 weeks for results depending on volume, we are now into the 8th week.... spectacular results and we could be looking at something very special from £7m Mcap, possible 10 bagger given the sheer scale of the area and price of metals targeted
Tanzania is the 4th largest gold producer in Africa with majors like Barrick operating here
Tanzania is a very stable country, he has only been in power since 2015, sad news indeed but won’t affect business in Tanzania in the slightest especially mining
Tanzanian president dies. Wonder if this will affect us. Shouldn’t do as long as his successor will facilitate international business.
PJ did ok for POW shareholders! 10 bagged! It’s all about the drill results, Christ Prem 10 bagged and that has George Roach in charge
I can see 2 big problems here. Louis Coetzee and Paul Johnson. The same two shady charactors who scammed everyone at Morogoro and Pinewood.
Don't expect too much progress here.
agree with UK investor. The Haneti drill was finished 7 weeks ago so results should be due any time. As it has been stated before that the asset has world class potential, anything remotely positive imo will re rate the shares. If you look around this sector on aim, there is nothing in this sector with this much potential as cheap as this.
Ok cool. am more interested in Haneti as I think deal will be subsequent to a further update on Blyvoor. And given the time it’s taken so far am definitely not confident enough to declare it’ll be ‘soon’ haha
ok , looks like we are having different conversations , blyvoor ii am talking about i,just imagine a different heading for my part , just read disappointing no rns this month , presumed people were more interested in the deal at this stage with metallurgical test results , which i believe will be probably same day or near as , ill leave it at that ,let you carry on about haneti ,
Maiden drill programme now complete with 1,965 metres of Rotary Air Blast ("RAB") drilling completed over 50 holes at Mihanza Hill and Mwaka Hill with 1,965 samples collected.
· 776 three metre composite samples prepared from the RAB drill programme with a Quality Assurance/Quality Control sample inserted every 10 samples.
· All RAB samples have now been sent to SGS Tanzania ("SGS"), an accredited assay laboratory, all samples will be analysed by their multi-element Aqua Regia Digestion/ICP-OES method with 13 select samples to also be tested using Fire Assay for gold, platinum and palladium.
· In addition, 4 rock samples collected from mapping have been sent to SGS for assay.
Louis Coetzee, Chairman of Katoro Gold plc, commented: "We are very pleased with the successful completion of the first drill programme at Haneti, marking a significant milestone in the ongoing exploration programme at the Project. We have a very clear exploration strategy for Haneti and, subject to the outcome of results from the maiden drill programme, are ready to proceed with the next phase.
"We would like to thank the exploration team who forfeited their Christmas break and worked hard over the traditional Christmas season to implement this programme successfully, particularly given the challenging weather conditions towards the latter half of the programme."
HANETI PROJECT - NICKEL SULPHIDE AND PGM TARGETS - FURTHER INFORMATION
PROJECT OVERVIEW
The Haneti Nickel Project covers an area of approximately 5,000 km2 in central Tanzania approximately 88 km north of the capital city Dodoma. It comprises tenements (prospecting licences, offers and applications) prospective for nickel, PGMs and gold.
One of the key exploration objectives for the JV partners at Haneti is to delineate the potential for economic nickel mineralisation on the linear dyke-like, Haneti-Itiso Ultramafic Complex ("HIUC") which sporadically crops out over a strike length of 80 km through the centre of the tenement holding. The HIUC mainly comprises serpentinites (metamorphosed ultrabasic rocks such as dunite and peridotite), with metabasic rocks such as metagabbro and metadolerite and is being targeted for a Chonolith-Type Nickel exploration model.
RAB DRILL PROGRAMME
The RAB drilling programme focussed on the Mihanza Hill and Mwaka Hill targets which were selected based on the recommendations of the 2012 airborne electromagnetic ("AEM") geophysics survey, the detailed field programme undertaken in 2013 and further supplementary exploration findings. Drilling was focused on Mihanzi Hill and Mwaka Hill for this campaign, as they were considered to be the priority targets at this stage.
The 1,965m RAB drilling programme consisted of 50 holes drilled on linear fences across the targets. The programme is seeking to verify the existence of near surface nickel sulphide mineralisation at each target whilst increasing the geological understanding such that the
It has nothing to do with it like you say.
Re read the thread, we are talking about Haneti
ok , not sure that has anything to do with metallurgical test results , but in your head looks like they do
First thing. Drilling RNS is a joint POW/KAT release. First reason.
Second reason. Drill results are RNS'd when ready
So is funding (as it's material)
They are not choreographed into one day
Funding negotiations continued and progressed well in the interim and can now move towards finalization and conclusion, after receipt of the metallurgical test results confirming the positive findings of the CPR.
yeah right.
Drilling RNS not deal and you know it
probably get the results and deal in same rns , in theory any day now
Yep. Results any time. Circa 7-8 weeks in. 50 holes, 40 m depth at 2 drill locations. I fancy the chances of hitting something decent. On a miner if you are say drilling 2 holes you are at risk if the hole is not what you are after. Here the risk somewhat reduced imo
Only problem is POW despite having 10 projects like to issue only the most boring RNs’ it seems haha. How about one with drill results. They’re all preview and no show
Let’s hope there’s a super cycle in LCs productivity too and the muppet can get something over the line.
It is literally on a plate for him!
Nickel prices at high & gold at economical levels.
Clearly people interested in the projects (POW luckily already on board)
This is close to surface mineralisation - not a bloody underground mine needed.
One day Rodney
Nickel super cycle coming
Agree Ukinvestor.
Haneti was discovered over 10 years ago in Tanzania by Richard Spear and Christian Schaffalitzky (as in Chairman of EUA)
The initial project work has nothing to do with Louis Coetzee.
The initial grab samples with high grade nickel and platinum has been described as a rare finding so they now years later have the money to drill - which is what they have done now and what we are waiting on