Member Info for AG1989

#ORCP and its partner CNCDC drafted a coal-to-gas/liquid policy & submitted to the Petroleum Division for review & then sponsored a consultative session in March 2021.

As the coal-to-fuel policy now moves towards finalisation, we look at mobilising the project soon under favourable conditions.
Read in @Dawn_com:

Two tweets just in from the company

Maybe not from this point, just to clarify. But once concrete news begins to filter through on both fronts. Both are globally significant projects valued into the hundreds of millions/billions. Once it gets moving on the Correct news, this is when I see those kind of returns. Happy to wait it out down here and load up on such a low average. GLA

From the current price and MCAP, progress alone with THAR and green hydrogen project can send this 400-500% in a matter of weeks, still only giving it a £30-40m MCAP

I’m the last person to put these kind of projections out and reframe from doing so on my other investments because I know how misleading they can be. But this feels different. Something about what Naheed is putting together just seems significant and bigger.

Bring it on

Title says it all. Looking really good and production on 2 fronts is massive. Well done to the company

Already had a number of investors who have executed a position for Cora this week, impressed but the figures from last year.

https://caracalgold.com/wp-content/uploads/2021/04/Caracal-Gold-April-2021.pdf

Suggins, slide 19 sums it up for me with the exploration upside here

Teng teng for example returning RC results of 1m@57g/t

I just figured he’d filtered me. Not seen him for a while. To be honest I’m not been the most active. Just waiting on news to pop here for further discussions. No issues though and I strongly believe encouraging progress has been made in Q1

It isn’t being shorted.

Gold seems like an after thought to me but one that can really deliver. Especially in Western Australia with Gold near an ATH, and both assets based there

Far too early for evaluation though. Jundee East has only just completed its first ever drilling campaign recently. NZ has an exploration target of 2-4Moz of low grade gold, but still plenty of drilling there to reveal its potential. Once the diamond drilling is completed soon and we receive assays, I’m hoping for a JV to progress it towards its real potential

What he said

I think it’s heading a lot higher than it’s current £20m price tag, I really do

But once production starts, your in a whole different territory. It’s all about expanding for the future.
It’s about keeping the AISC down
Getting production numbers up and maintained
It’s about grade control of the material you pull from the ground
It’s about expanding those Resources, increasing mine life and potentially producing away from Sanankoro

We’re at the foot at a very exciting journey and curve up in the right direction and what the company have delivered in the past couple of years is outstanding.

Slowly coming together, just tweeted by the company. Just makes you visualise the reality a little more

https://mobile.twitter.com/cora_gold/status/1505091710942130176

-10 Accommodation units
- soccer field
- outdoor sitting area
-kitchen/canteen
-laundry
-office 1
-clinic
-recreational area

A home away from home and likely situation that Cora will be providing hundreds of local and regional workers a full time job at a multi million £ Gold mine

To be fair Stocktow, last year I think the company released 3 sets of good results before I got in, and I got a good entry price.

I’m expecting middle of April for the first set, and then 2-3 weeks after that we’ll recieve a second batch. They were reporting them in batches of around 3,000m last year but that could change in 2022.

Stocktow - Good decision. Il only be topping up sub 7p now (if she dips so low), but I’m confident in a strong move in 2022 from the current price.

Not the best at reading charts but it looks primed on good news to have a good little run, assays could well deliver that. Good to remember the pace the company reported the assays at in 2021, was like nothing I've seen in the exploration sector. Very regimented, fast, clear and concise. It obviously helped that they were very good

I've not heard anything yet mate but I'm sure between APR/MAY/JUN is should become a lot clearer

"Lionhead acknowledges that Cora intends to undertake private placements to enable existing shareholders to subscribe +US$3.75m in the Equity Financing and +US$3.75m in the Convertible Financing such that Lionhead's participation in the Project Financing may be reduced by such amounts."

The original scoping study on page 9 makes for a fascinating & appealing read

The price of Gold shown at $1500 - Now comfortably running above $1900
Recovery rates for the initial Heap Leach showing at 70% - Transfer to CIL plant could see that comfortably north of 90%
Avg Production Yearly (oz's) - 45,000 - We should see that go north now of 50,000 oz
Predicted AISC $942 - Since this scoping study, the company have identified numerous zones, shallow with high grade veins which will help keeping costs lower and increase profit in the earlier years of production

Avg yearly cashflow - $23m......The variables above should really help send this figure a lot higher

LW - Just been looking back through now, i remember reading in one of the first presentations in 2021

https://www.coragold.com/wp-content/uploads/Cora-Gold-Corporate-Presentation-Q4-2020-Final-30.10.20.pdf

Whether this was the presentation from 2020, it states about financing/term sheet on page 13

"Conditional on completion of a positive DFS by the end of
2021
• Agreement signed with Lionhead Capital, acting as lead
investor and arranger on behalf of a consortium of investors"

But this was for the $20m term sheet, but with the success of drilling and further research, the company elected for a CIL plant with higher CAPEX but much better recovery rates. The board were able negotiate the new term sheet and extend the 2021 deadline into 2022, still conditional on a number of levels.

"completion of positive DFS" can probably amount to a number of factors,

https://www.lse.co.uk/rns/CORA/term-sheet-for-sanankoro-gold-project-vdvi0shkslcyr7x.html

This from the 8th September

"? 8 years mine life and production of 40,000 ozs/year, or equivalent production over a different time period and delivering the minimum IRR threshold, in a US$1,700/oz gold price pit shell

? Updated Mineral Resources Estimate on target for Q4 2021 and completed DFS targeted for H1 2022"

Mineral Resource estimate not only completed, but exceeded expectations for me increasing it by 200% and gold price $200-$300 above the value stated which is huge. I think 40,000 oz per annum for 8 years is more than achievable having spoken to BM myself, they're targeting around 50,000 oz + and with the Resource set to grow, the mine life should comfortably fall into double figures. This alone would generate yearly revenue of £74,000,000 on todays POG but we know these variables will often change. I can't see the AISC exceeding anywhere near $1000 too which would be a massive bonus

Plenty of scope down the years to increase this towards 100,000 oz per annum.

Important to remember too, with Naheed holding 109,000,000 shares, she has just as much, if not a lot more incentive than us to make a success of this. Definitely somebody with her head screwed on and can make it happen

Continuing dialogue with Korean enterprises. Good meeting with DG Korean Trade Promotion Agency (KOTRA) Sung Jae Kim. Looking to connect with large gas and mobility front runners.
@OraclePowerPlc
Green Hydrogen progressing."

Looking promising

I still believe the near/mid/long term benefits of the Heap Leach will enormous and will really compliment the Growth strategy here.

Simple
Effective
Far less moving parts
Low grade material up to 2g/t which is still very rich in pay
Production on 2 fronts

Excited for the Q1 Update towards the end of April to see the progress made this far, but before that we have assays to contend with which should demonstrate the underlying strength of what Kilimapesa Hill really has to offer