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Getting hammered here for some reason, being brought down for minuscule sales on the back of the last two RNS's which reported nothing but good news. Frustrating to say the least.
Align Research...
http://www.alignresearch.co.uk/tectonic-gold/tectonic-gold-drilling-to-restart-at-the-specimen-hill-project-and-cracking-assay-results-revealed/
Let’s hope there’s no more storms and we get some good hits this year needs something to get this moving again. GLA
With images.. https://mma.prnewswire.com/media/1900834/2022_09_20_Drilling_Update_Revised.pdf
GoldJunior,
I assume it has been completed.
From recent RNSs:
10/06 Ground crew being mobilised in preparation of drilling
27/06 Tracks being cleared.
And for me the most important indication being; “ the Company has decided to extend the warrant exercise date to 30 November 2022. It is anticipated this will provide sufficient time to have the drilling completed and assays processed for reporting.” If they haven’t already drilled, the exercise date will probably be need to be extended again.
AIMHO
Have I missed something or are we still no closer to drilling?
And don't forget the neighbouring beach area which is approx 30 times the size of Whale Head and under permit application, these projects alone will put both Tectonic and Kazera into a different category.
Well worth the wait.
This is welcome news for us more so for Kazera, I am currently invested in KMR a mineral sands miner, demand is strong with tight supply at present.
If they can get the processing plant up and running there should be good profits to made with their high grade sands, so if they can prove a successful operation Kazera will be worth investing in on this project alone, with a larger beach waiting in the wings for a permit to mine interesting times considering this is not their only project.
Mr. Brett Boynton, Managing Director – Tectonic Gold Plc
“We are very pleased to have the Mining Permit finalised and are looking forward to seeing this project brought into production. We worked closely with Kazera and our local BEE partners to achieve this outcome and it is a great example of local and international partners creating opportunity in South Africa in the mining industry. This project complements our existing diamond mining joint venture on the South African Government diamond mining site and offers the opportunity to grow into a multi-generational strategic minerals project for the region.
Tectonic retains a 10% non-diluting equity interest from the previous sale of 60% of Whale Head to Kazera. In addition, Tectonic has sold 30% to a consortium of local BEE partners, with this sale to be funded over time from a share of the profits. The BEE syndicate includes entities controlled by Dr Gil Mahlati, a well-known South African business leader who has been appointed Chairman of Whale Head and Dr Dempsey Naidoo, also a high profile South African businessman. Dr Naidoo had a successful career with Anglo American, leading its Mineral Sands business before moving on to build one of the most successful engineering groups in Africa. He has also been appointed to the Board of Whale Head. These partners bring significant profile to what we expect to become a major project for the regional economy.
The initial £150 million valuation of the project does not include the neighbouring beach area which is under permit application. This much larger area provides upside to the project once the Whale Head beach zone is brought into production.
Mining of mineral sands in this area has historically been precluded by diamond mining activity and the necessity for strict security protocols around those operations. Despite the site being a well-established mining operation with almost 100 years of diamond mining history, the mineral sands have not been exploited. Whale Head will now mine high grade HMS zones with simultaneous diamond extraction in a first of its kind operation for the site.
The alluvial sands containing the diamonds and HMS are mined using dredging and digging equipment and processed using water and gravity separation. It is an environmentally friendly operation with no explosives or processing chemicals. The project will offer a range of job creation opportunities on site and in support.
It is anticipated that Whale Head will start operations and sell a concentrate until on site processing facilities have been built. This will likely be in partnership with a major international mineral sands production and sales group.
This is a great outcome for the Alexander Bay community as we will now see new economic development and it is a great outcome for our partners and shareholders.”
MINING PERMIT GRANTED
Tectonic Gold plc (TDIM: TTAU), is pleased to announce that Whale Head Minerals Pty Ltd (“Whale Head”), the Company’s Heavy Mineral Sands (“HMS”) Joint Venture (“JV”) in South Africa, with Kazera Global Investments Plc (“Kazera”) (AIM:KZG), has been awarded a Mining Permit .
Highlights:
Mining Permit awarded to Whale Head Minerals Pty Ltd
Tectonic holds a 40% economic interest in Whale Head
10% non-diluting equity interest
30% economic interest via Black Economic Empowerment (“BEE”) partner earn out
£150 million Net Present Value from independent expert report commissioned by JV partner
3.11 million tons JORC Indicated Mineral Resource at a grade of 61.2% HMS
Additional Prospecting Right neighbouring permit, with area over 30 times larger, also under application
Vidaloca, yes keeping the faith . . . and hope. And if TTAU want to be charitable, who am I to object!
Bought a couple of times yesterday to further my belief here. The signs are there for all to see in both Tectonic and Kazera and I truly believe that once the market gets on board, this will be life changing for those that have built a position in these early stages.
Keep the faith.
I will be interested to see how KZG mineral sands venture progresses the grades are fantastic, plus they are after another beach to mine of much greater size with assumed similar grades, if all goes well it should be very profitable, however there have been many comps on aim were potential comes to nothing, this is only one of the irons they have in the fire, if they can generate some free cash flow it bodes well for their other operations.
I'm a holder of the old Madagascan graphite company (whose name is forgotten), and the ICRG of TTAU intrigued me so I didn't dump TTAU when the reverse takeover occured. I managed to pick up some more TTAU first thing today for 1p as well. It's surprising that this hasn't moved on the double news from KZG and in fact that it's drifted down from the recent 1.2p due to the delays in prospecting (I suppose). The fact it is a non-diluting 10% for TTAU is interesting given the warrants in KZG. (I hold KZG nonetheless)
Saying that, today it shows a 8% rise. Plenty more to come with this one I think. The initial copper/gold grades at Specimin and Mt Cassidy look fabulous.
GLA
Just purchased a million at 1p, Barclays wouldn't let me quote and deal, it had to be at an at best price.
Kazera Global plc
("Kazera" or the "Company")
Favourable Walviskop Mining Permit Decision
Kazera Global plc, the AIM quoted investment company, is pleased to advise that the Department of Mining and Mineral Resources has dismissed a third party's appeal against the grant of a mining permit to the Company's 60% owned subsidiary Whale Head Minerals (Pty)Ltd ("WHM"). WHM now expects to shortly receive final documentation allowing it to commence production operations of heavy mineral sands ("HMS") at the Walviskop mine in South Africa.
Any chance of an update...hello...........anybody there......?
That's the beauty of this company Boogles, the diversity and the forward-thinking of Brett and the board, the directors getting paid in shares, and the potential income streams to fund the main objective of gold and now copper.
Anything could happen in the near future to validate and consolidate Tectonic.
Exciting times ahead.
I agree, but also don’t underestimate the importance of the HMS licence. If/when that gets over the line; a 40% stake in a £150 million asset; Profitable within 6 months; A sale of 30%, which according to Brett, will generate around £1 million per year for Tectonic. More than enough for the companies drilling requirements. And therefore removing any need for early stage JVs or share dilution… A potential company maker on its own!
Should be close now Boogles (weather permitting), the science and technology have been magnificent to date, let's hope the findings lure in the big boys.
This is crucial for us imo and will kickstart the company big time.
Vidaloca,
Good and timely reminder.
The interminable wait goes on… Even though the delays are generally out of the control of Tectonic; COVID, Extreme weather and the SA authorities. It doesn’t lessen the frustration. Fingers firmly crossed for potentially company making news by the end of August…
In quiet times it's easy to lose sight and enthusiasm of why you invested here in the first place, not for me, I am just frustrated at the delays caused by the horrendous floods in Queensland and the bloody worldwide pandemic.
Take another look at this interview with Andrew Monk late last year, it revitalises the juices.
https://www.youtube.com/watch?v=ZUHx1_x3o_c&ab_channel=VSACapital
No messing around here with subtlety, he's telling it like it is.
http://www.alignresearch.co.uk/kazera-global/dr-michael-green-interviews-dennis-edmonds-ceo-of-kazera-global-2/