Member Info for AG1989

It really is Mickey. Very underrated area for Gold exploration. Take advantage.

Oriole will be a slow burner but I feel they’ll come good in Cameroon. Cora Gold have the sanankoro deposit in Mali and that’s going to be huge

Panthera looks like it has bags full of potential and they’re certainly on the ground keeping busy. Very small float, this could really take off.

This is high grade, shallow mineralisation. Selin was Big prospect here but the other Zones really proving up to be just as lucrative

Zone A: (24 holes still to report)
19m@31.56g/t incl 6m@95g/t
21m@5.75g/t
29m@3.23g/t
4m@8.5g/t
17m@2.44g/t
20m@1.93g/t
32m@1.63g/t
27m @ 2.43g/t
36m @ 2.40g/t
10m@1.2 g/t from 120!

Zone C:
30m@1.68g/t
7m@12g/t
14@8g/t
24m@2.32g/t
20m@0.65g/t

Selin:
56m@3.43g/t incl 21m@8.17g/t
34m@2.14g/t incl 3@19g/t
19m@4g/t incl 7m@8g/t
17m@2.82g/t incl 1m@27.77g/t
20m@2.04g/t
54m@2.07g/t incl 2m@2.77g/t
52m@1.78g/t
34m@1.98g/t incl 3m@17g/t
25m@2.81g/t
4m@8.3g/t from 200m!!

Sorry for boring you all, but it really is a high grade deposit, shallow mineralisation and some very good widths. If this was being drilled in the Victorian Goldfields or out in WA or Canada, this would have a market Cap of £100m, I'm sure of it.

With around 20,000-25,000m of assays to report and near term production a possibility for 2022 and beyond, this is now my favourite pick. don't blink because you'll miss the next batch

Just another 20% up today

The pressure will be kept on, within the next month there's a very good chance Cora will be releasing another 2-3 lots of assays

24 holes from Zone A incoming - Big things coming. Good to see this board getting a bit of traffic too

£1.3B****

There’s nothing really missing Lw. We discussed it not long ago about how this looks like it has everything.

It’s Important to not get carried away, but it’s clear as day that each set of assays are not only confirming the historic drilling, but substantially improving upon it. 265,000 oz inferred. The purpose of this campaign is not only to upgrade that to indicated, but to increase the resource too.

We’re doubling the metres that have been drilled at Sanankoro and the results have been spectacular. Important to keep in mind that the historic 2019 results were equally impressive. In terms of ounces in the ground, I wouldn’t know where to begin. I’d conservatively say this 500koz is achievable here. But think we’ll be pushing on to 1moz. Zone C had no resource estimate and chucked out some real nice high grade hits which will be followed up immediately. We’re getting hits, good hits, beyond 100m on numerous zones, remember the 1-2 Moz exploration target was based on a depth of up to 100m. 3 rigs have been busy DD at Selin to expand that pit shell. Along with the rest of the results, Sanankoro has the potential of much more.

If you look at the scoping study, it was based on an average production rate of around 45,000 oz per annum. This was conservative IMO and tied in with the 265,000 oz resource. When this is upgraded, the scale of the scope study will blow wide open. Potential for annual cash flow to hit $40-50m. Maybe more.

If we hit the magical 1moz, “if”, value of the gold in the ground like stated previously will be 1.3moz. Even if AISC amounts to $800-900 an oz, this could be a project worth £600m+. When you compare that to our current market cap, it’s insane.

The near term potential for Cora Gold as it stands is mouth watering. One step at a time. 24 holes to report from zone A and around 24,000m still to report overall. Let’s take it week by week, collect the data and wait for the resource estimate to be upgraded

Feet up tonight and crack a beer open everyone. The sleeping giant has just woken up. Full credit to Bert, the team and the contracting company the hired for this campaign. Outstanding.

I can never predict "fair value" but it's coming

When you consider the assays to date don't even total HALF of the total drilling, we're going to be absolutely swarmed with assays for the foreseable

24 holes remaining to report from Zone A and that bonanza world class grade!!

The pressure is one, there'll be no turning back soon

Even with the pullback from yesterday’s highs and the 10% today, it’s up 60% still from Monday’s price.

Why “brads presentation” is still the focus or scope of the story here and not the 59m@9g/t is astonishing. If you never expected profit taking from a 13-14p SP to what it is now, investing isn’t for you

I’ve not sold a penny and have 0 intentions of doing so but not to expect profit taking and retraces in the share price is a rookie mistake.

The story remains the same. The gold isn’t going anywhere and moving forward, Orosur are in a fantastic position.

Gutted I never got more but the 265,000 oz inferred resource IMO will be substantially upgraded, and probably in Q3.

65m** apologies

So 3 rigs have just been drilling at depth in Selin to test the average pit shell beyond 35m

The rigs are now returning to the zones confirmed today to test for extension to the high grade

So much to come, well done to all holders. 12p entry is a bargain for anybody on the sidelines

ST - I was put onto PAT yesterday so cheers il check it out. Some really healthy drilling programs they have going on so agreed, exciting

But it’s all about this beauty today. LW - possibly. The grades at depth look just as strong as those at surface, the resource upgrade here will be life changing for many

and pending a successful feasibility study, were financed for production in 2022. That’s the money right there.

The research note was for 1-2moz based on a pit shell of 100m. They’re definitely proving it up, and at further depths beyond 115m

Amazing.

All over.

14m@8g/t from 115m in zone C

Outstanding

With a free carry on Anza for the foreseeable and nothing else in the pipeline, I’d be astounded if the company blow through $6m in the next few years on wages and overheads alone. All finances by the JV partner

The “strong cash balance” statement for me acted more as a deterrent and warning sign to the JV partners. Il have a full read through the terms and conditions again but it outlined to me Brad was saying “we have the funds, if the JV partners choose not to progress, we can attack Anza ourselves” or other projects. A weak cash balance to me would put the JV partner in an even stronger negotiating position moving forward.

There are terms outlined for $4m to be spent in year 4 which will earn the JVs further into the project, but if they underspend or decide against it, I’m sure Orosur have options they can trigger

I’m invested into Antipa. The fundamentals of the JV agreement can change as and when the project progresses. Rio tinto decided out the blue to increase their yearly JV budget by over $A10m.

Can’t see a fund raising myself. Also it’s likely some warrant money will be triggered by the recent sp movement.

Very good IMO

$6m in the bank
59m@9g/t
4 holes still to report from Apta
Drill rig remaining at Apta to chip away at expansion and presumably some infill drilling
Mineralisation extends over a strike length of 800m and remains open in several directions
Soil and stream sediment samples expected within weeks
BG quietly confident JV will be rolled over into yr4
Anza well on its way to potentially becoming a multi million oz deposit
Extremely high grade deposit at Apta, results he’s never really seen much of

Really liked the summary moving forward. These giant JV partners won’t be interested in spending time and finances proving up a Jorc for Apta. They clearly know how lucrative it is but would want to explore the project throughout to unlock more potential.

Easily one of the best junior mining companies to Invest in

Brilliant answer I thought for the last question

I’d like him and the directors to buy more shares, but sometimes it just isn’t possible. I don’t really care anyway.
I do think communication can be improved, and by some way. But he wants the results to do the talking, not the day to day tweets.

It’s one area I really like about Orosur. He’s given snippets away in the past and core looking visually impressive, but it’s mainly keep under raps until RNS day, and when we get mornings like we did today, WOW. Took me by surprise and the market loved it

I learned quite a bit. Apta was never the number 1 target and I wouldn’t say $4m is a huge amount of money for a full year. It’s a healthy size but they want to prioritise it unlocking potential at Anza, rather than focus purely on a resource 500/600/700koz. We’re still going to have a rig at Apta but exploration will be focused mainly elsewhere. Especially each hole costing between $50-70k

Very happy

$6m in the bank

Listen to his comments

Without triggering any compliant resource regulations, he thinks they’re well on their way to a multi million ounce deposit

And he’s quietly confident of the JV partners rolling on into year 4. Hard to walk away from 59m@9g/t

He’s not a ramped of a ceo

Only heard him speak on limited occasions but I really enjoy listening to him, his geological background really helps paint a picture

Resource estimate not likely (currently) at Apta. Newmont and Agnico to decide by September about spending $4m for year 4.
Good move IMO. To really define a resource at Apta, it sounds costly and expensive. The JV partners see how lucrative Apta is, keep one drill there continuing the progress at a slower pace whilst finances can be used to unlock potential elsewhere.

No brainer really.

Thanks for the reply Mcgoogle and haha I totally agree, the 10moz was a tongue in cheek reference. 300-500koz resource would be a brilliant start for Apta with plenty more in the tank

What do we think? 10Moz :D Conservative estimate

On a serious note, I'd like to think that OMI/Newmont/AGNICO now have sufficient data to collate and build up a picture of how Apta is progressing and potentially provide us with a JORC in the near future (Which can and will be added to with the drill continuing to test mineralisation)