Member Info for AG1989

I thought it was 10,000m RC drilling on SMZ and 3,000m DD at Kilimepesa Hill but happy to be corrected

They did have confidence in increasing the current Resource at Kilimepesa to over 1Moz by mid 2022. If this was just the Kilimepesa hill alone, i think it would take a lot more than 3,000m of diamond drilling to add an additional 400,000oz, hence bringing in the RC rig. Or maybe the mineralisation at the Southern Zone wasn't showing the promise they expected so they switched up, but with 10,000m planned, it would be very unlikely to abandon it after a couple of holes for this reason. I'm sure the updates will reveal all

The tweet also read

"The 10,000m RC and 3,000m DD drill programs are ongoing. "

No issues from where I'm viewing

cheers Suggins

Notice he's now over on the WSBN board, god knows what hes saying.

Yeah a pretty glum day all around. Gutted for ADV holders. 80% down, now another 60% down from there. O/T but anybody involved there, could they have not integrated both RNS reports? Only 5 days apart and today just confirmation of the future outlook for that project? Probably the same outcome share price wise, but imagine buying 5 days ago on the back of an 80% drop, for it to drop another 60% days later. Just an observation and always DYOR, just a strange one for me.

1000 g/t Au from the Southern mineralised zone inbound :D

Yeah I think many are just waiting for news now, and not just Q4 numbers. It sounds like the upcoming update will include long term plans and the companies growth strategy for numerous projects. I'd consider this a strong BUY zone but fluttering with my average now, if it drops from here I shall be buying

I feel like although it doesn't neccessarily correlate to long term valuation, the discovery phase in these Gold projects should not be overlooked, from a shareholders perspective. Years before "mine construction" and CAPEX costs are even considered, if the company can continue drilling NZ with success, and discover something similar with Jundee East, into the Millions of oz's, you could see multiples of the current £9m MCAP. GGP a clear example of this, returning 40,000%+ to some shareholders in a period years away from cashflow and revenue. But that's a very unique situation, sitting on a Tier 1 deposit. But that's the beauty with gold mining and exploration, you do not need a Havieron to be a success in this game, just an eye catching asset which will draw in the attention of suitable JV partners to help progress them

Lot's of work on 4 fronts in 2022, with a lot of hurdles and barriers to negotiate, but the company look nicely setup to deliver - imo

Ah right, understood. I just read same area but think it's about 200km apart but point taken

I think its common knowledge that these projects require heavy Resources to take them forward, but that's not isolated to just Oracle. There will be more raisings from the company but to fund projects of Northern Zones size, and green hydrogen project, issuing equity for me is out of the question. Your talking billions and billions of fresh shares

"taking on loans etc and potential reduction of ORCP’s percentage ownership." - Would be the pathway, would reduce dilution with shareholders and as long as these projects demonstrate a healthy profit margin, even at reduced ownership, it's a no brainer.

Isn't Boddington just South of Perth?

Let the results and data for Jundee do the talking before we start calling that project "Game Changing". every single AIM exploration company will be saying the exact same thing about their own projects, we haven't struck a drill into the ground yet. - Yes i know it's only 9km away from Jundee Gold mine but I'd rather deal with facts, although i do understand the excitement and good to see a positive sentiment

Northern Zone, very impressed with how this is coming along. More drilling required but a project that can certainly return in the long term

Green Hydrogen project progressing nicely, and if we have a "game changer" i believe this will be it. The renewable sector imo will be the largest growing sector for decades to come and to be involved in a project of this significance is a credit to the company.

Todays RNS was very welcome and to have that kind of support is irreplaceable

All in all, very happy with my investment here and blessed to have an average in the 0.0030's. The only way to create value for shareholders is spend money, Resources and dedicate enough time to these projects and with drilling completed at NZ and soon to start at Jundee East, you can't fault the companies efforts

Always worth another watch :D

Yeah I’m genuinely interested into the mine and operations. Gold rush style, get one of those microscopic lives cameras travelling up the feed conveyor into the plant to get an on the scene image :D. Before the ball mill does it’s thing and ends it

We love it

A lot feel comfortable here Ohmni. The rewarding part of being a shareholder here, your not waiting for any discovery holes. The company aren't dependent on 1 blockbuster do or die result, like ADV have just gone through and dropped 80%. They're not just an "explorer", although the ridiculously low market cap suggests otherwise. We have numerous Gold rich, proven targets, we're producing Gold and advancing on numerous fronts. Although you want production figures to be favourable, there are many moving parts here i believe will turn this into a future Giant of the Gold space

I can't see it being long until we hit regular production targets which if forecasted over a 12 month period, will generate more revenue than what this current Market Cap is.

Basic interview but more exposure all the same and Jason not afraid to come out and speak to these various platforms

No reason they can't put out an updated version and presentation but i thought they may have waited a week or two, then use the Q4 figures and additional data in the Presentation

But bringing it out now will give new and existing shareholders a good look into the company ahead of the update

I think they’re expanding and increasing throughout at a faster rate than I certainly expected, and probably what they expected. So pinpointing specific dates wouldn’t benefit the company for me, until they’re comfortable in the rate it’s running at

I think they’ll have hit 1,000 oz in December but maybe not on the months leading up to it. It’s all about the figures and showing a gradual improvement, and sustaining that improvement.

No good hitting 1,000 oz in December, 750 in January, 1,200 in February then 800 in March. Increase the oz’s, bring the second ball mill online and reduce costs, equally as important for me. Although if they’re still upgrading the plant and purchasing new equipment, we may incur ongoing costs in this department, which I’m fine with as long as it ties into the long term goal of 25,000-50,000 oz

In comparison to the majority of junior Gold exploration presentations, this is head and shoulders above most.
-Increasing Gold production.
-Increasing Resources
-Reducing costs
- expansion into east Africa.

I’m not sure what the market reaction will be following the operational update, but the company has a long road to run beyond that. If for some bizarre reason the price drops, il do what I did last time, mop up as much as I can around 1p. Simple.

An absolute fantasist and proven liar.

Agreed with that Suggins. Although I’m expecting a flurry of news and progress in 2022. At what stage of 2022 though, I’m not sure

Just wondering if the 2 Rigs will be moved and transported to Nyakafuru in around 4-6 weeks once drilling at Kilimapesa has been completed