Tectonic Gold Plc Share Chat (TTAU.PL)

I'm down 96% and keep the share to remind me of my past stupidity!!

Hopefully something happens now, I'm down 93% so it's not my best pick.

Thanks goneawol. Tectonic turned out to be a bit of a disaster for me and many others, hopefully Tamar will be able to repair some of that financial damage asap.

Result of AGM, Completion of the Acquisition of Godolphin Exploration limited

Change of Name, Share Consolidation and Board Changes

Https://www.aquis.eu/stock-exchange/announcements/5170357

Https://www.lse.co.uk/SharePrice.html?shareprice=TMR.PL&share=Tamar-Minerals-Plc

https://tamarminerals.com/

Thanks for sharing, I never seem to get updates despite being registered for them. Seeing as I know nothing about tin and thought I was buying into ab Australian gold company to augment my other holdings I may as well just let this ride out in the sock drawer for a bit longer.

HttpS://www.aquis.eu/stock-exchange/announcements/5124782

White Energy Acquires 51% Majority Interest in Specimen Hill Project

Highlights

• White Energy reaches its First Earn-In milestone to obtain a 51% majority interest in the Specimen Hill project near Biloela in Queensland, via its Farm In Agreement with Signature Gold Pty Ltd.

• Over $1 million spent on exploration across the Specimen Hill tenements, including ionic soil and rock chip sampling, aerial magnetic survey, and regional and localised mapping.

• Exploration to date has identified specific target areas of potential porphyry and related styles of Cu and Au mineralisation, with rock chip samples taken in 2024 reporting up to 3.01% Cu and 3.8g/t Au1

.

• The Company is assessing potential trenching/costeaning locations as well as advancing in-fill soil and rock chip sampling over priority areas to evaluate and define drill target locations.

httpS://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02930278-2A1587599&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4

Under the tab 'Projects'

Https://whiteenergyco.com/investors/

Click on Specimen Hill Project Update

Excellent, homeopathic levels of dilution.

Https://x.com/VSACapital/status/1901560615522410776

Https://www.aquis.eu/stock-exchange/announcements/5081705

Feels like we may as well be with the radio silence from management...

Surprised today's trade didn't see us on the brink of collapse.

I hope so, I'm currently minus 93.18% on my holding here. Not one of my best investments.

Maybe to crystallise a capital loss for CGT purposes to offset against gains elsewhere.

The only hope here is the stake they now hold in Kazera IMO. Its already about 50% up from time of the deal and if things go to plan there over next few months then their holding will be worth a lot more.

I know we can't trust whether something is a buy or a sell, and perhaps other brokers are cheaper than HL, but is there any rationale for a trade like this one:

06-Feb-25 08:02:40 0.10 420 Sell* 0.42

Is anyone really making a 42p trade for any logical reason?

Https://www.aquis.eu/stock-exchange/announcements/4923367

CEO REPORT

2024 delivered a major milestone as we converted years of highly experimental research and development effort in intrusive system exploration in Australia into a transaction with Specimen Hill. White Energy has come in as the project development partner with the financial backing to tackle the huge copper-gold system Tectonic discovered. White Energy have assumed operational control of the project and we expect to move quickly to a minority position in the investment partner as they accelerate their project spend over the Australian summer. Subject to continued positive results we expect to receive a cash payment of $2 million which we plan to direct towards working up the Mt Cassidy asset. In addition, Tectonic will retain long term exposure to the large system discovery we made at Specimen Hill via a perpetual royalty on any future production.

We decided to exit our direct interest in the South African assets which we sold to investment partner Kazera. Details were shared in the announcement on 7 August 2024.

The environment in Ghana has not been favourable for junior gold companies and despite some excellent technical work, we do not have appetite to take on the risk presenting in country. Our efforts have been put on hold until we see realistic opportunity for smaller foreign owned groups to re-enter the Ashanti gold belt.

The difficulty for any new junior resources companies to come to market in either Australia or on the London exchanges has created a host of opportunities for Tectonic. We are reviewing some very attractive small development and expansion stage gold assets in Australia. We have also cast the net wider to look at critical minerals in geologies where our technical expertise is relevant. This has been prompted by the availability of non-dilutive capital for anything in the critical mineral supply chain with the US Federal Government and both the Australian Federal and State Governments offering financial support targeted to these elements.

2024 has been a much quieter year on the operational side with the focus on corporate work. The White Energy transaction is validation of years of effort in developing and testing exploration technology. We utilised new methods to make the discovery of a major copper-gold intrusive system at Specimen Hill in Queensland. We were able to deliver this with sufficient technical substance to bring a highly successful team with major financial backers in as a development partner. Well done to our technical team and the many many experts who have shared their insight and energy over the years. Specimen Hill is a massive system and even now still remains open with the promise of more mineralisation along the strike extensions. We look forward to seeing this developed.

Thank you to all the shareholders for your support. We have Mt Cassidy beckoning and we are looking at some great opportunities for the year ahead

Interesting, thank you. I can't get the link to work, lack of permission for whatever reason, but good to hear it hasn't fizzled out to nothing!

There is an update worth knowing about:

Specimen Hill 5th November 2024

1. 30 of 174 rock samples in 2024 sampling were >1% copper, up to 3.01% copper and 3.8g/t gold. Best historic samples were >20% copper and >50g/t gold!

2. anomolous copper and gold confirmed through soil sampling

3. Helimag survey conducted, targets identified

4. Further soil sampling, geological mapping and rock chip sampling continuing to define drill targets.

(See: https://wcsecure.weblink.com.au/pdf/WEC/02877218.pdf)

5. TERMS - TTAU have sold Specimen Hill based on a A$5m spend + 3% royalty: 51% A$1m spend, 25% A$2m spend, 24% A$2m spend + 3% perpetual royalty on all minerals. On a possible future $10k/tonne copper price and 5Kt operation at 3% that would be worth £1.2m per year + gold royalty.

6. Sale of Deep Blue and Whale Head earned £117k. But TTAU also own 27m Kazera shares worth £325k today.

TTAU's market cap today is £0.95m.

Sam replied very quickly and copied Brett in for him to get back to me - if I get a substantive update I'll update here.

You could try contacting their broker VSA Capital. Andrew Monk email address is amonk@vsacapital.com

Just as a follow up for anyone interested, tried emailing again and had a bounceback advising "-- 5.1.1 The email account that you tried to reach does not exist". I've emailed Sam Quinn at his legal firm to seek an update as this is somewhat concerning...

The saving grace for me is that I found Kazera through Tectonic. Kazera is going places and I’m already mitigating my Tectonic loss with my gains there, with plenty more to come IMO.

It’s a real shame Tectonic didn’t live up to its potential. It still might recover some ground but not banking on it and never going to be what I was hoping.

Not a bad call to cut your losses here and put it into Kazera. I’ll see it out to the (hopefully not) bitter end.

I'm out. Holder since stratmin days.

Put it all into Kazera, who are actually producing. This is a lifestyle company with zero substance.

Monk from their broker VSA on today’s podcast pretty much said the only positive thing about Tectonic is that they have a substantial tax loss (£41m) that they are carrying forward, which could be useful to someone. Not particularly inspiring.

I was taken in by Brett’s talking of a good game, it all seemed very credible and with great potential but it has turned out to be all bllx.

Well Kazera SP has pretty much trebled since the start of the month so those 27 million shares that Kazera gave/is giving Tectonic for their WHM stake looks a lot more attractive for Tectonic now. Plenty more upside in Kazera to come too.

Kazera have managed to add more value to Tectonic with this deal than Brett has managed in years.

The sale, on the face of it just doesn't make sense, Brett knew the license was imminent and the obvious hike of the sp on the back of it.

There has either been a major disagreement or as I have said previously Tectonic has very little faith that Kazera can pull this off having very little experience (if any) with this kind of operation whichever it is, the timing of the sale is both confusing and very hard to take considering the possibilities.

It's time now for Tectonic to be clear of why they pulled out and to give shareholders a firm plan of action of where we are heading and when we are getting there.

Https://www.londonstockexchange.com/news-article/KZG/acquisition-of-further-stake-in-dbm-whm/16606246

Specimen Hill Copper | Gold Project

Queensland (0% WEC) – Farm-in

White Energy is undertaking exploration activities under the Farm in Agreement (“FIA”) with Aquis

listed Tectonic Gold Plc (Acquis: TTAU) (Tectonic) and its local subsidiary Signature Gold Pty Ltd

(“Signature”) in respect of the Specimen Hill Project that comprises four tenements in the Biloela area

of central Queensland which are highly prospective for copper and gold.

The location of this project within a major structural corridor makes this a natural fit to further advance

White Energy’s use of deep crustal lithospheric analytics, developed through its exclusive research

agreement with INRS, to identify mineralisation in areas where deep crustal scale structural corridors

provide mineralised fluid migration pathways to surface and subsurface zones.

An initial Ionic sampling survey was undertaken over the tenement areas in September 2023. Follow

up work in 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 with, in different areas, characteristics consistent with

porphyry, IOCG and skarn styles of mineralisation.

A helicopter magnetic survey was undertaken in April 2024, covering the most highly prospective areas

of the project and the results are currently being analysed. Additional ionic sampling and rock chip

sampling was carried out over a number of priority areas. This work is currently being analysed while

an ongoing geological mapping program has commenced which will be combined with petrological

work to assist in characterisation of the mineralisation in the area. Completion of this work is expected

to identify and confirm drill targets for a drilling campaign during early 2025.

Capitalised exploration expenditure related to Specimen Hill Project exploration activities of $372,000

was incurred for the quarter.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02833146-2A1538044&v=70bc033a22188bdfefb8a0b8ad3c24897ef2837d

Highlights

· Start of diamond sands mining and processing at Deep Blue Minerals.

· Optimistic about the imminent start of heavy mineral sands production at Whale Head Minerals - strong indications received regarding the National Nuclear Regulator permit.

· Board to be strengthened with the proposed appointment of Dr John Wardle as Chairman.

Deep Blue Minerals (diamonds)

Mining of diamond sands is underway, with initial processing at Alexkor's Muisvlak plant. The resulting diamond sands concentrate will be stockpiled and then processed by the Company using a FlowSort, which employs X-Ray technology to identify diamonds. Following this, secure and supervised hand sorting and grading of the diamond output will be conducted before the diamonds are prepared for sale. Ahead of its commissioning, Alexkor required the manufacturer to make several minor adaptations to the FlowSort, which have now been completed. Accordingly, the FlowSort has been signed off by the manufacturer, with Alexkor's approval pending.

Whale Head Minerals (heavy mineral sands)

The Company is awaiting the grant of a permit from the National Nuclear Regulator ("NNR") and can confirm that all required submissions have now been made and approved by NNR. The Company is confident that the permit will be received imminently. Upon receipt, and implementation of any further requests by the NNR, heavy mineral sands production will be able to commence, with custom made, on-site plant and machinery ready for processing.

Additionally, the Company remains engaged with multiple parties in relation to offtake sales of the various heavy mineral constituents.

https://www.londonstockexchange.com/news-article/KZG/operational-corporate-update/16593301

Https://www.londonstockexchange.com/news-article/KZG/heavy-mineral-sands-project-update/16448778

Over 2 months and not a dicky !

One of my old mates in the Tremeloes once told me that he got great inspiration from companies like this.

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'

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

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.

Does anyone know what is behind this price spike?

Have they stopped twitter updates?

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!

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 .

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!!

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!!

Go see https://www.aquis.eu/companies/TTAU

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://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.

Vidaloca - as an investor I love your confidence - that's just how it should be. BTW - Which year end would you be talking about??

Completely disagree with that last one, just because the stock loses value or even goes bust does not mean that your holding is not an investment.

I have been in this stock since the first day of trading, I have done my research on the company, the assets and the board and on that basis I have built a very substantial holding.

The journey so far has been frustrating and drawn out beyond belief but having said that my faith in this company is still as strong as it has ever been and I am convinced that it will deliver on several fronts.

We are very much alive and once the first deal appears we will go from strength to strength, and I truly believe that will be before year end.

Tapman - my take on where you have gone astray! - firstly, calling this an investment. Companies like this are a pure punt. Nothing more, nothing less. Call your own odds 100/1, 1000/1, 10000/1. You'd have as much chance buying a copy of the Racing Post and using a pin with your eyes closed. Whatever you stick it in, have a punt, even if it's a three legged donkey. Every dog has it's day and so does every horse. The name Foinavon comes to mind. This could be a three legged donkey or with a lot of luck, a Foinavon, but it's never gonna be a Red Rum. I'm quite heavily punting in here, so let's all hope it's a Foinavon. Good luck all!! P S - by the way, I never bet on the horses, far too risky!!

What has TTAU done with my money? What's happened to my investment? TTAU said/claimed/expected it would bring forth positive returns. Am I looking though the wrong eyepiece? I can only see negatives!

Please tell me where I have gone astray.

Not a whisper, not a sniff of anything untoward. Perhaps you were right the other day when you questioned 'why no news?'

But hey, we are just the bag carriers

Not quite, micksnags1, but getting there. Where have all those wonderful exponents of this wonderful company wandered - I wonder!