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Just sharing a post from another user 2-3 weeks ago on another chat board - obvs usual caveats that this is from someone else but seems reasonable and so thought I would share here (had been minded to email Vigo myself anyway):-
Sent an email to Vigo Consulting...response was.... work is going both on metallurgy and resource updates....a little slower than previously estimated due to consultant and laboratory turnarounds but very much in process and not too far off updates on those workstreams.
https://twitter.com/cobra_resources/status/1638091008381530113?s=46&t=6QTkVYnTuiv7j8XhHYY6SA
A couple of weeks old but just picked up on this article and of particular interest is the latest government grants which states:-
“Grants in a range of A$1 million to A$30 million will be doled out to support projects that will strengthen Australia's sovereign capabilities in critical minerals, King said in a separate statement. Applications will be open from 17 January to 20 February 2023.“
https://www.reuters.com/markets/commodities/australia-raises-loan-rare-earths-developer-announces-more-grants-2023-01-17/
Another Rare Earth article worth a quick read to add to the increasing number…
https://www.bloomberg.com/news/articles/2022-10-31/breaking-china-s-rare-earths-grip-a-pipe-dream-australia-says?utm_source=website&utm_medium=share&utm_campaign=mobile_web_share
Manlse Get a grip. RP has been done all that I would expect - this is exploration - it takes time. You clearly have no patience for it. The strategy is to drill and prove up the mineralisation / a resource.
Just sharing a recent article I came across that gives some very positive outlook on the Rare Earth prospects here and makes the geology part quite readable.
https://www.geologyforinvestors.com/australia-the-next-frontier-in-rare-earths/
Ignore those derampers time to get the brush out and sweep up those less patient...oversold on nothing. Lots of news upcoming
Don't forget there are also Warrants at 20p...
It’s been very quiet waiting for the results and had even missed this twitter update a few days ago re a geophysical survey so thought I would share. Anyway can’t wait till they bring on those aircore drilling results - am excited by IOCG prospects.
https://twitter.com/cobra_resources/status/1554022885030825987?s=21&t=90BXpUA38CeAZlubCKupgA
6. Midas Drilling Equipment Co - what are the Company’s intentions for this or is it something that Craig Brown set up and is not something that sits with the future of ECR and will simply be wound down? Would love to know the real story behind this and why it has never been mentioned.
I don't think they have confirmed exact details but in the video from March with Adam the slides quote 'Mid 2022' - they were going to do some geo chem and spaced diamond drilling first. Adam does say in the vid (around 15mins) that he was hoping to organise the drilling in around 2 months time which would be about now but he was also referencing finalising the agreements with the landowners over the timing.
I also note there is a Mining conference in London May 23-24 that just happens to coincide with Rupert being in town and would like to think might be linked with his trip?.....121 Mining Investment London.
https://www.weare121.com/121mininginvestment-london/
That would be a good forum to get the Cobra story out there.
News on the following link on a new Rare Earths Processing facility, which is the second large refinery for Western Australia announced this month showing they really are throwing the money into the sector and to keep it all in country (shame these 2 facilities aren't just down the road from Wudinna but saves shipping it to China right!!) :-
https://www.pv-magazine-australia.com/2022/04/26/construction-begins-on-lynas-rare-earths-refinery-in-western-australia/
Agreed Boffin - I believe Presidential elections in May will also determine which way the government's approach to mining will go, which more recently had become more favourable - following article might be of interest on this as well:-
https://fulcrum.sg/talk-is-cheap-the-2022-philippine-elections-climate-implications/