The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Mr. Brett Boynton, Managing Director – Tectonic Gold Plc
“ We are very happy to be back on the ground after such a long forced break. Fingers crossed we have no more rain and we can get the heavy equipment back onto the Goldsmith’s Reef target in the weeks ahead. If we can get sufficient information from this campaign we will be looking to put maiden resource numbers together, but the primary aim is to complete the due diligence package for prospective joint venture investors.
QUEENSLAND COPPER GOLD CAMPAIGN UPDATE
Tectonic Gold plc (TDIM: TTAU) the Intrusive Related Gold System (“IRGS”) explorer, is pleased to announce remobilisation of the exploration team to the Specimen Hill project to prepare for drilling.
Mt Fane historic copper mine added to portfolio under license area EPM28296.
Highlights:
Technical team on the ground after long rainy season in Queensland
Tracks expected to be dry enough for rig deployment in the next few weeks
Diamond drilling at Goldsmith’s Reef to be completed
Mt Fane added to the portfolio following interest from potential JV partner
Further updates to come.
Queensland copper/gold campaign update.
With the rain finally breaking, Tectonic’s exploration team has been able to access the Specimen Hill project site this week. The trip is to familiarise our new lead exploration geologist with the area and complete environmental checks and pre-mobilisation for drilling.
Despite widespread flooding in South-eastern Queensland over the last six months, the roads and tracks to Goldsmith’s Reef appear in good order. Track clearance is required with fallen trees, however, subject to continued dry weather the contractors expect the tracks to firm up enough to allow heavy rig access in the next few weeks.
The priority is to complete the diamond coring program at Goldsmith’s Reef which was disrupted in January. Goldsmith’s Reef is a high-grade historic mine which was last in production pre-1920. Ores were selectively mined to a depth of only thirty meters. Tectonic’s advanced geophysics program has remotely mapped these structures from surface to well below one hundred meters. Drilling will return core samples from one hundred meters and below to test and confirm continuity of gold mineralisation. This will inform JORC resource modelling.
Tectonic hosted a number of potential JV investors at site in 2021 to conduct due diligence for investment. One of these groups identified the Mt Fane historic copper workings along strike from Southern Copper as a high interest target and requested that we added this to the portfolio. The 4km+ long mineralised corridor at Specimen Hill presents with high grade gold closer to the intrusive heat source we have identified below Main Lodes, with copper becoming more dominant as we move past Goldsmith’s Reef and on to Southern Copper and Mt Fane. Our expectation is that Mt Fane could provide a high-grade copper addition to the copper/gold discoveries throughout this corridor. With copper forecast to have a major supply deficit in the global energy transition, Mt Fane is a timely addition to the Specimen Hill portfolio.
Finally, let’s hope this hole is worth all the effort!
I'll have to admit the title excited me more than the actual news did.
Still good news and hoping for an update on the potential JV mentioned in the webinar by the end of June.
Great question. Especially considering he is by far the biggest investor in the company. Continuing to take shares, along with all the other directors, in lieu of salary…
What are you actually doing for your investors money???
Interesting view, were I not so heavily into GGP I'd put a bit more in here, perhaps once GGP stops dropping like a brick.
VSA is sending out by request - email ipo@vsacapital.com
Thanks for flagging, I'd be interested in knowing if it was a private webinar or one accessible - wasn't entirely clear to me from the recording?
https://soundcloud.com/user-596578261/vsa-capital-morning-miner-230322?utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing
Original link is from wisdom tree
From VSA morning miner
https://*********************/media/vsa-capital-morning-miner-230322-23-03-2022
Always goes quite for sometime...hopefully some very good news to come
Need some fresh morsels to reignite the sp
https://www.londonstockexchange.com/news-article/market-news/research-and-development-cash-refund/15351454
RESEARCH AND DEVELOPMENT CASH REFUND
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold (“IRGS”) exploration pioneer, is pleased to announce the successful renewal of 100% owned Signature Gold’s Australian Federal Government Research and Development Tax Incentive Scheme participation for the 2020/21 tax year.
Highlights:
Tectonic successful in renewal of R&D status for IRGS research program
$289,019 cash rebate received from Australian Tax Office
Over $3m received under this program in co-funding for IRGS research since inception
All testing and evaluation work at Specimen Hill for the second half 2021 campaign and current work will be claimed in the 2022 tax year
About Tectonic Gold:
Tectonic Gold is a specialist gold exploration company, focused on the identification and delineation of large-scale, multimillion-ounce Intrusion Related Gold System (“IRGS”) assets. Tectonic Gold holds a number of gold discoveries in Eastern Australia, a prolific gold region that is home to Australia’s two largest gold production companies, Newcrest Mining and Evolution Mining.
Refer to Company website for JORC Table 1 disclosure.
Mr. Brett Boynton, Managing Director – Tectonic Gold Plc
The R&D program at Signature Gold has been running since 2014 and has become a key factor in the company’s Intrusive Related Gold System exploration success in Australia. We are very grateful for the on-going financial partnership with the Australian Federal Government, which has contributed over $3 million in non-dilutive funding, in partnership with Tectonic shareholders, to drive this exciting research initiative on our Queensland copper/gold projects.
Go to 4.20. Kazera with positive update and Brett in SA. Worth listening to the full podcast, it relays a feel of what to expect in years to come from the mining sector.
https://soundcloud.com/user-596578261/vsa-capital-morning-miner-150222?si=cc7fefa03bed4b8ab1556d1c2db9f264&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing
https://www.londonstockexchange.com/news-article/market-news/issue-of-director-shares/15316432
Issue of Director Shares
Tectonic Gold plc (TDIM: TTAU), notes that pursuant to their letters of engagement, each of the directors of the company are eligible to receive director fees of £20,000 each per annum, however such fees have not been paid for the prior two year period. The directors have elected to receive these fees in the form of shares for the period 30 June 2019 to 30 June 2021.
The share price to be used for the calculation is a 20-day VWAP over the 20 trading days immediately following publication of the Company’s Annual Accounts as released on 21 December 2021. In this case the share price used based on the above formula was 1.2155 pence per share following the release of the Company’s Annual Accounts.
The award of director shares for the 2020 and 2021 year is set out below:
Bruce Fulton 3,290,827 shares
Brett Boynton 3,290,827 shares
Sam Quinn 2,540,250 shares
Dennis Edmonds 1,399,803 shares....
Thanks for flagging this - didn't see it from then on Twitter (and for some reason the email updates from Tectonic never work however many times I sign up) - so interesting listening.
Fiat, I totally agree.
Also as stated by Brett; with regard to the HMS - Tectonic will have 40% ownership of a £150 million asset!
Plus a further HMS licence permit has been submitted for an area 34 times larger… That’s potentially a £5.2 billion asset.
Very interesting, interview basically confirms our thoughts that Tectonic is aiming for an initial deal within the next 3-6 months.
I was just about to post that too! I think it's an important one. I've not had time to talk to Brett for some while and I think they've done a more important job in SA than I thought. While I was happy that the diversification would fund Head Office costs within a few months, the acquisition of an HMS licence would really bump up the asset value of the whole firm, even as a minority interest. This makes me very happy to wait out this coming year with no worries at all. We already have quite a lot of shares, and for position-sizing I shouldn't add more, but I'm thinking about it now.
Two questions after studying this update:
1. How likely is it that this company will be valued at 2. How hard would it be for it to be double?
I think the only argument against 2 is that PIs set the price of this on a day-to-day basis. We need more and steady new holders.
Latest interview with Brett, just before Christmas 2021. Be patient it will happen.
https://youtu.be/ZUHx1_x3o_c
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