Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks for that, MALTBY, as I'm not on Twitter and things feel a bit quiet.
Tectonic Gold (LON:TTAU) (@tectonic_gold) Tweeted:
#TTAU "The geophysics shows us that we have got multiple intrusive features coming up, & the heat & the mobilisation of the mineralisation that we are looking for… we analyse that with advanced models that we have developed in-house & that enables us to be very cost-effective” https://t.co/TLS4YoNQSV
Gotta love the regular updates from the company. Another positive RNS.
For me the standout comment is:
“ Costings and implementation for a 2022 and 2023 roll-out”
Drill warrant extension AND PROJECT PLAN
Tectonic Gold plc (TDIM: TTAU), is pleased to announce that discussions with potential development partners in respect of the Company’s licenses are progressing, notwithstanding delays caused by government-imposed interstate travel restrictions in Australia due to the pandemic. To avoid the February 2022, 1.4p warrant holders being prejudiced by project delays, the Company has decided to extend the warrant exercise date to 1 July 2022.
The recent drilling campaign completed 75% of the planned program but was cut short due to weather. We were able to extract enough data with confirmed gold intersections to advance the geological modelling. In discussions with potential partners, we have been requested to prepare the following:
Summary works report
Updated geological model
Analysis and proposed progress plan
Independent opinion on proposed plan
Costings and implementation for a 2022 and 2023 roll-out
Presentation with transaction options to farm in / fund the proposed plan
We are working methodically through this but will not be able to complete and present the above before year end due to the limited availability of experts needed for the modelling and review over the holidays. As a result, it is unlikely that we can finalise a negotiation by February.
The Company is fully funded to return to the field and complete the final drilling, if required, so there is no immediate need for the £1.17 million in capital exercising the warrants could bring. To avoid warrant holders feeling pressure to sell shares to fund warrants it makes sense to delay this until 1 July 2022.
There are no other changes to the terms of the Warrants.
“ Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold (“IRGS”) exploration pioneer, is pleased to announce the successful renewal of its Australian Federal Government Research and Development Tax Incentive Scheme participation for the 2021 tax year.
Highlights:
Tectonic successful in renewal of R&D status for IRGS research program
$275,000 cash rebate estimated with funds expected before year end
Current field work and analytics expected to have continued participation in 2022 and beyond
Mr. Brett Boynton, Managing Director – Tectonic Gold Plc
“This is a very important result as we present Specimen Hill to a number of major copper and gold mining groups. The Australian Federal Government has supported us with in excess of $3 million in direct cash funding since the inception of our research program. Tectonic is a technology driven business and we are at the forefront of innovative new thinking in the Australian exploration industry.””
Yes. Very good news. TTAU has a bunch of warrants expiring on 28/02/2022 at 1.4p strike. Management will be motivated to get the share price well north of that ahead of time. Based on progress to date, the company is definitely in a position to merit this.
Extremely exciting news heading into the start of next year, hopefully we will see a more constant news flow after Christmas.
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold System (“IRGS”) explorer, is pleased to announce completion of the Specimen Hill drilling campaign and initial results from Goldsmith’s Reef.
Goldsmith’s Reef was last mined in around 1920 and returned high grades. It is approximately 700m along strike, west of Main Lodes. Drilling was planned to demonstrate continuity of mineralisation from Main Lodes to Goldsmith’s Reef, proving the scale potential of the Specimen Hill system and also to test grade below the historic workings. Shallow underground mining at Goldsmiths worked three parallel veins running 3m to 6m in width within a 30m wide mineralised corridor, making this an attractive open pit opportunity.
Highlights:
Drilling intersected vein sets at 44m and 127m depth returning grades of 3m at 2.14g/t gold and 3m at 4.4g/t gold respectively, including 1m at 5.76g/t gold
The final hole planned to test an apparent feeder zone at 250m was suspended at circa 120m when we had to demobilise due to weather, but the hole has been cased and capped and will be completed as soon as we remobilise
Sample chip trays have been couriered to Sydney for head office team to conduct further analysis with independent experts
In discussion with multiple copper and gold mining companies on potential partnership at Specimen Hill
More assays to follow over the next few weeks
Mr. Brett Boynton, Managing Director – Tectonic Gold Plc
“This is a very important result as we present Specimen Hill for partnership discussions. Previous drilling from 2018 onwards has proven mineralisation in disparate zones within the system, but this round now begins to stitch it all together in a much, much larger potential resource.
Border restrictions prevented the Sydney team from joining the field program this time, so we have had the sample trays couriered down to head office and will begin to analyse these next week. We are particularly interested in the native copper reported in the field logs at Southern Copper. We are seeing a textbook metal zonation with gold dominant in the east around Main Lodes and to Goldsmith’s Reef, then copper emerging and dominating as we move west. The system as a whole is presenting somewhat like a herring bone with smaller cross cutting faults along the major fault line and at these intersections sites like Goldsmith’s, with better geological plumbing delivering greater mineralisation.
Every time we get into the field at Specimen Hill we extend the system and there is certainly plenty more to do, but we have generated a lot of information with this campaign and hope to progress quickly to a partnership so we can accelerate the program rapidly in the new year.”
Fast forward to 4.25 to hear an interesting little snippet on copper in Queensland.
https://soundcloud.com/user-596578261/vsa-capital-morning-miner-171121?utm_source=cards-frame.twitter.com&utm_campaign=wtshare&utm_medium=widget&utm_content=https%253A%252F%252Fsoundcloud.com%252Fuser-596578261%252Fvsa-capital-morning-miner-171121
Another extract from the same interview explaining how the mine will be developed and where the early cash flow will come from and be used
Tectonic Gold (LON:TTAU) (@tectonic_gold) Tweeted:
#TTAU "It is likely to be multiple decades of mine life in this sort of district.
As the mines are brought online, then cash flow from that initial mine, & we have some interesting open pitable targets that we have worked up, they will provide the early cash flow" https://t.co/NLNqPryaxx
Tectonic Gold (LON:TTAU) (@tectonic_gold) Tweeted:
#TTAU"We hope that with the results from our current campaign we're going to confirm more discoveries in this belt & we see a district-scale #gold discovery.
We are seeing a lot of #copper coming through as well & that is started to get the interest of large copper companies" https://t.co/ZIXabkI5qg
'We have tested copper up to 16% and tested gold in the assays that have returned in excess of 30 grams per ton'.
This has been put out today, taken from the presentation, from the African mining conference I should imagine.
https://soundcloud.com/user-596578261/vsa-capital-morning-miner-021121
This is the link, missed it out of my last post.
Andrew Monk says something interesting on today's VSA morning miner, it's a little snippet on gold/copper exploration companies. Fast forward to 8 minutes.
Someone's getting nervous with that sell.
https://twitter.com/tectonic_gold/status/1455140081140961286
We hopefully should be hearing something very soon
The story is because of Tectonic's novel approach to identifying these IRGS systems the Australian government was happy to pay significant grants for R&D, which offset a significant cost, and that they are one of the few if only Australian based gold explorers specialising in these types of deposits.
There's not much of a question as to whether it works at all or not, as drilling results have already shown significant results in terms of gold and copper grades. The final results for these are expected Q1 2022, and whether or not we get a significant acquisition or JV will most likely depend on those results.
Personally I think it's worth a punt considering how low the market cap is, if you want to wait for the results or for the company to list on a larger exchange then you may be paying a significantly higher price in exchange for the liquidity and lower risk that would afford you. Aquis companies tend to be smaller and higher risk; DYOR.
Aquis is easier to list for companies, AIM or Main LSE listings are expensive and time consuming.
That being said I can point you in the direction of plenty of AIM stocks without a single trade today; if it had a large daily trading volume of course the price would be much higher?
Find them on Aquis website: https://www.aquis.eu/aquis-stock-exchange/for-investors/announcements?securityidaqse=TTAU
If we list in the future on LSE it should be a simple matter for your broker to let you sell them on that market, dual listings on AQSE/LSE are fairly common.
Sharetime43,
RNSs are a regulatory requirement for all publicly listed companies. Tectonic have already issued 23 of them in 2021.
You can only place telephone orders with HL on Aquis, Interactive Investor lets you do it online, I believe this is a relatively recently added feature so HL hasn't caught up yet.
Would be nice to get an AIM or main market listing but I think that is a good part of the reason why this share is so cheap; most people give up if they can't buy in a couple clicks.
IIRC it's something they are looking at but they are prioritising drilling at the moment.
Tectonic Gold (LON:TTAU) (@tectonic_gold) Tweeted:
#TTAU "We are waiting for our heavy mineral sands license to come through.
The same process that eroded the #diamonds in the Kimberleys, washed them down the Orange River, to the Atlantic, & the Atlantic washed them back up onto the beach, which is what we are #mining." https://t.co/dmJrxR3sbg
Interesting snippet from Brett on the HMS/diamonds project in Southern Africa
Also, I believe Interactive Investor provide online trading on Aquis.
“ No live prices and you can’t sell unless you place a kill order .” You can sell via the telephone with HL.