Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Https://www.londonstockexchange.com/news-article/KZG/heavy-mineral-sands-project-update/16448778
Good to see ongoing exploration. What this desperately needs is an initial resource definition. Fingers crossed sometime this year.
White Energy's quarterly activities report -
https://hotcopper.com.au/threads/ann-quarterly-activities-report-and-appendix-5b.7977663/
'...During September 2023, ionic sampling surveys were undertaken over the
tenement areas. Follow up work in early December 2023, included additional ionic sampling and rock
chip sampling. Field observations confirmed a large and complex mineral system with a number of
outcropping zones of what appear to be strong copper mineralisation of an IOCG-style.
Helicopter magnetic surveys are scheduled for late April 2024, covering the most highly prospective
areas of the project. Additional ionic sampling will be undertaken to close off a number of anomalous
areas. Completion of this work is expected to identify and confirm drill targets for a drilling campaign
during 2024'
Yes I listened to it. As I’ve got a significant holding in Kazera (as well as the Tectonic interest) it’s disappointing that Brett thinks there is plenty of work still to do in order to get the permit. On the flip side, he acknowledges that there is a lot of potential upside once they get that and get moving, particularly when they get onto the much larger “exploration area”. That will be good for both companies. I’m hoping he is being pessimistic on the licence as Kazera have said target is to get it by end of April (which admittedly looks unlikely at this point).
Hi GBCol,
I take it you have listened to the recording from the Investors meeting, If so what did you make of Brett's response to the Kazera question.
Should be a bit of an update on Specimen Hill next week, probably on Monday. I believe White Energy are keen to start getting a shift on there now and make progress in the shortest possible time. Hopefully if that happens it will at least enable the SP to hold on to recent gains, although might not be enough to push it much higher at this point.
Well apparently there was an investor call earlier this week, so that may have stoked some interest. Think broker VSA have been active behind the scenes. Also could be delayed reaction to the recent results - SP should not have fallen as far as it did IMO.
Kazera SP also well up recently, so could be something moving on the licence there.
Have they stopped twitter updates?
Does anyone know what is behind this price spike?
A criminally underpriced share in my opinion, the only problem is basically noone is actually selling at this price.
New gold rush is going to push up small caps again soon.
Come on guys - get in quick. Now you can only get 3 shares for a penny! and the spread has dropped to only 100%!! Got to be the bargain of the century!! Soon they'll be MORE expensive than matches!! This time next year Rodney!!
I have some left from old Stratmin days. Sat in my account to remind me of what not to do. A lesson learned and all that, but with hope (false) that one day maybe. Either way its a win, got to be positive!
Any smokers/ ex smokers out there? - Remember Ship matches? A box of Ship matches will now cost you about 20p and you'll get about 40 matches in a box - so you get 2 matches for a penny. For that same penny you can get 5 Tectonic shares - Who said "Cheap as Chips". These are cheaper than matches. Must be a bargain!!
Is this the worse share ever ? 10 for a penny ? 5 years I have been sat in this with endless empty promises from the board , fact is this share is going no where . This to me is a total loss .
MANAGING DIRECTOR’S STATEMENT
Dear Shareholder,
During the half year to December 2023, the Company worked closely with interested parties to secure a farm-out agreement on the Specimen Hill project tenements and the team also spent significant time on research and in-country evaluation of opportunities in the Ashanti goldfields in Ghana.
We completed a farm-out agreement, as previously announced, with ASX listed White Energy Pty Ltd. White Energy is the development vehicle of a very successful resources investment and development team in Australia. They have taken over the Specimen Hill project area with a focus on the copper mineralisation rediscovered by Tectonic over the last 5 years. White Energy is investing in the transition to renewables and the looming shortage of copper to enable the move to a lower carbon economy with electric vehicles.
The terms of the farm-out agreement provide for a staged acquisition of the project by White Energy, a $2 million payment to Tectonic and Tectonic holding a 3% royalty on any future mineral sales from the project area.
Our investment alongside London listed Kazera Global Investments Plc (“Kazera”) (LSE:KZG) in the Heavy Mineral Sands and Diamond projects in South Africa waiting on approval from the South African National Nuclear Regulator ("NNR") for final permitting. Kazera has advised that the decision is expected by the end of April 2024 with operations to commence immediately thereafter.
Independent studies conducted for Kazera valued this project at £150 million. Tectonic holds a non-diluting 10% interest in the project and a further 30% economic interest via a sale and loan agreement with a Black Economic Empowerment (BEE) consortium to bring them in as partners on the project.
Tectonic is in ongoing discussions with gold mining project owners in Ghana. We have identified an attractive acquisition target and approached the parties controlling the mine to buy it. We have also identified potential investors in Ghana who have an appetite to fund the acquisition in a UK listed company and provide working capital to bring the mine into profitable production.
The team continues to evaluate other opportunities that are being presented and securing a suitable transaction for the Company will be the focus for the remainder of the year.
We received approval from the Australian Federal Government earlier this month for Signature Gold’s 2023 project work to be included in the Research and Development funding program and we are working with our accountants to complete the submission for our cash refund. Initial estimates are that it will be circa A$150,000.
https://www.londonstockexchange.com/news-article/market-news/interims-for-period-ended-31-december-2023/16404709
Tectonic Gold plc (TDIM: TTAU) has experienced a delay in filing our group consolidated interim financial statements for the period ending 31 December 2023. This delay is attributed to an unforeseen disruption caused by the relocation of our Australian office, which temporarily interrupted access to our systems over the past week.
We are pleased to announce that the office move has now been successfully completed. Our team is diligently working to finalize the consolidation of accounts and we anticipate completion early next week, following the Easter break.
In addition to the interim financials, we will be providing a comprehensive corporate update. This will include progress updates on the Specimen Hill project farm out, details regarding the submission and approval of the 2023 Australian Federal Government R&D refund claim, and insights into our ongoing joint venture activities.
https://www.londonstockexchange.com/news-article/market-news/delay-in-publication-of-interims/16402236
Hot Tectonic shares, Hot Tectonic shares - one a penny! ten a penny! Hot Tectonic shares!!
Https://666e6ee8-31af-4e4f-9a0d-6a192f414444.usrfiles.com/ugd/666e6e_3213d104899440acba44450b4c013615.pdf
Mr. Brett Boynton, Managing Director – Tectonic Gold Plc
“We are very pleased to be partnering with the exceptional team at White Energy. They share
Tectonic’s deep tech approach and are the perfect partner to take our Specimen Hill
discoveries into resource definition.
The royalty enables our shareholders to retain meaningful the long term upside in the
discoveries Tectonic has made at Specimen Hill while White Energy steps in to take over
operations and assume ongoing financial responsibility.
It has been a long journey since we first acquired the initial ground at Specimen Hill and this
is a good result and proof our original exploration thesis had merit. We still hold the Mt Cassidy
project area to the north of Specimen Hill which the Queensland Government has waived
license fees on so we have time to consider development options.
I would like to congratulate the team for taking this project from concept to discovery and
successful transaction. They are now freed up to focus on other opportunities which we have
been working up over the last six months and look forward to sharing in due course.”
Finally life in the old dog! Baby steps but something to build on
Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02770380-2A1503785
CHAIRMAN’S REPORT
Dear Shareholders,
The year ended 30 June 2023 saw us return to complete another round of field work and drilling on our flagship Specimen Hill project in Queensland. This work enabled us to present to potential development partners a substantial database of the large-scale mineralised system that we have identified and tested over the last few field seasons. As per a previous market release, I am pleased to report that ASX listed White Energy Ltd (“Energy”) is continuing to test and validate the copper gold potential of the mineralised system, under an exclusivity agreement. White Energy’s leadership are very successful campaigners in Queensland and they have a strong investor base behind them.
Tectonic were invited during the year to advise a leading Ghanaian family office on strategy for advancing a portfolio of tenements in the Ashanti gold fields in Ghana. This work includes preparing the portfolio for a listing on the London Stock Exchange. Extensive technical reviews were conducted in the June 2023 quarter, followed by a site visit and in person strategy planning with the group. Tectonic is currently evaluating M&A opportunities on behalf of the group in an effort to accelerate portfolio completion ahead of a listing. We are also evaluating the potential for a dual listing in Ghana to take advantage of the in-country investor demand. The working assumption at this stage is that Tectonic will be the vehicle to take the consolidated portfolio to market in London to crystalise the value of our input with a carried interest in the portfolio for Tectonic shareholders.
Our “Deep Blue” and “Whale Head” diamond and heavy minerals investments in South Africa, managed by Kazera Global Plc (“Kazera”), took a very interesting turn this year. Elevated radioactivity readings from the presence of highly desirable monazite in the rare earths component of the ore required special permitting be obtained. Monazite, a significant source of rare earth metals such as cerium, lanthanum, and neodymium and is in high demand in high-tech industries such as electronics, renewable energy, and electric vehicles. While the additional regulatory hurdles are a minor hindrance, the long-term commercial value of the project is enhanced with this outcome.
Once again, thank you to all of our shareholders and stakeholders who have supported us over the last year. We have made significant progress on a number of fronts with no dilution to shareholders and the year ahead presents excellent opportunities across our current portfolio and with a number of other opportunities being presented to us.
Full report: https://www.londonstockexchange.com/news-article/market-news/tectonic-gold-financial-report-for-the-year-ended-30-june-2023/16262698
Same here, about time for some upward movement in share price
Accounts are due this month. Hopefully we will hear more about the Specimen Hill farm-out to Fiddlers Creek/White Energy. There has been no announcement on the farm-out from White Energy, but they have just raised 2.9m AUD before costs.
It would be nice to hear from Brett, it's been a while.
Janalan-I am talking before we see 2024. Specimen Hill is too good an asset to be left on the shelf coupled with the knowledge and negotiating skill of Brett and the board I feel they will strike a deal one way or another sometime soon.
The directors here are seasoned professionals and I believe honourable people, they WILL deliver imo.