Member Info for AG1989

Better than the first. His summary at the end was brilliant

Plenty to look forward to
-Increased production
-assays
-More opportunities in East Africa being looked at
-news flow in the next few weeks/months
-Updated feasibility study at Nyakafuru
- Heap leach system set up

When asked about what shareholders have in store for 2022 he replied with

"wow, where do i begin?"

https://www.share-talk.com/caracal-gold-plc-lsegcat-jason-brewer-commercial-director-video-interview/

Number coming soon with Stockbox

We had this conversation on the twitter group, there was some earlier confusion about Jasons Role being replaced, but Jason has always been commercial director but has helped to this point with a lot of the financing with him having a strong background in that field.

Operational update by the end of the month

When was that itsyou? Probably one of his pod casts a while back?

I want more, a lot more

Brilliant. Not sure on the heap leach output figures but it could certainly add a couple of hundred oz's a month to production, maybe even more. The second ball mill is equally significant providing we can assist it and feed it with the same level the first one is getting. Those things are a thing of beauty

Mickey "Key thing from an investment point of view is the market hasn’t clocked this YET." - A huge investment pull for me

from 569 to 1,000 oz per annum

**** per month

I said the other week, GCAT in a couple of years will have group Resources of 3-5Moz, which will continue to grow, it's a staggering opportunity Greg

And all eyes are on the operational update, and for good reason. To hit that 50,000 oz per annum, the company are going to have to show that they're capable of Ramping up production. First initial milestone, raising the Gold production from 569 to 1,000 oz per annum, which I'm sure we'll see in the RNS. Or at least see vast improvement

"We welcome our new appointees to the team and look forward to more successes in 2022 following our stellar performance last year."

Stellar performance ;)

I think it’s key to remember that this was always ok the cards. In the recent Tanzanian acquisition presentation, the company stated they will be assembling teams to oversee operations in Tanzania. It also bodes well for the expansion of Kilimapesa

I love the RNS reports, the ones you were not expecting but add value and a wealth of experience to the company. 2 more mouths to feed, appointments the company wouldn’t have made unless they thought they were necessary

It isn’t the RNS we were expecting but still impressive all the same. Very happy with this :)

Two great appointments to leave Robbie and Jason free to focus on expansion. BOOM

No mate. But like to keep an eye on ECR and hope luck finally comes shareholders way in 2022. It’s a good board, full of frustration and you can understand why. Fingers crossed the company get that new ceo & Bailleston and/or Creswick really start delivering. Especially the latter, results long overdue

Further to lucky orange post, to me it looks like ecr have been accepted for the Ballarat license.

https://earthresources.vic.gov.au/legislation-and-regulations/regulator-performance-reporting/licence-applications

Originally, Earth Resources used monthly reports as a means of reporting data and applications until half way through last year, when they switched to the interactive dashboards.

For EL007537, the interactive dashboard shows Mercator Gold, accepted date on 6/1/2022 with status “completing application”. I’d be very surprised if this meant anything other than ECR were successful.

I always get confused with the Ballarat license. The link below is from the companies Twitter. It’s where they have highlighted where 7537 is. But when clicking on that area on the map, it looks like a number of licenses fall within this parameter. All in all, it looks encouraging.

GLA

https://mobile.twitter.com/ecrminerals/status/1397156782192144388/photo/1

Also a pretty cool diagram of the area and historic Gold

https://mobile.twitter.com/ecrminerals/status/1397881557453520905/photo/1

Also, interesting below, when the company reported EL006907, it symbolised “existing license” in a red line surrounding that tenement. If you look at the bottom of that photo, you’ll see also a red like appearing where the Ballarat license begins.

https://mobile.twitter.com/ecrminerals/status/1471014827703382016/photo/1

A second 1,500,000 purchase after half 4. £20k

https://m.youtube.com/watch?v=afyPXcqYeb0

A snippet from Aussie Gold hunters, explaining leaching

Obviously until we hear details I can’t comment on scale or size, but it’s worth a watch. A lot of less moving parts and a process which can run parallel alongside the Kilimapesa CIL plant. 2 revenue streams.

He's also replied to dobby on twitter. Saying an update about the heap leach and operations will follow

Twitter group building nicely too. Remember, all welcome. I know a lot are in the Telegram group but if you want adding to the twitter one, just contact me on there.

2 £10k and a £20k buy today at 1.35p. Building nicely

Yeah i remember Jason speaking in one of his interviews about this, and the numerous ways they can finance projects moving forward. It's the background he's come with, financing these kind of projects across Africa for the last couple of decades so i believe we're in good hands and will get a good deal

Greg, that's a good question. And why i think the side Heap leach operation will be crucial to the 1,000 oz + with the main Kilimepesa mine

Nyakafuru is anybody's guess. It has already been taken to a feasibility stage but i think this will be getting revised as they progress in 2022.

https://caracalgold.com/wp-content/uploads/2021/12/Caracal-Gold-November-2021-Tanzanian-Acquisitions-December-2021.pdf

The Tanzanian acquisition presentation is a brilliant read. ]]Nyakafuru Strategy to Production
? Additional resource drilling programs at Voyager-Mentelle, Cullen and Nyakasaluma
? Update JORC resource and reserve estimates and pit optimisations
? Appointment of Projects Team to complete updated development studies
? Metallurgical drilling at Voyager-Mentelle, Cullen Leeuwin to provide samples for
metallurgical test work including bulk density
? Updated geotechnical and hydrogeology assessments
? Commencement of environmental work program for environmental studies to
internationalstandards required for project financing
? Progress application process for the Nyakafuru Reefs license area
? Detailed engineering work for processing plant
? Completed updated Development Study
? Receipt of final regulatory approvals and permits
? Commence site preparation works and mine construction

I think they have plans to expand the existing deposits and tie these in with production plans, as well as new deposits scattered around the project but we will see a lot of movement this year on that front. And then there's Simba and what other acquisitions come the companies way. It's a delight to watch it all come together

That's the beauty Greg, everyone probably sees it a little different, but there's common shared positive, we all see incredible growth

Do i see 10p in 2022? Would give the company a MCAP of £140m, on a possible 2000-30000 oz per month production, i personally don't see it. But i see growth to around the £50m Market cap in my view. As they increase the production within 18-24 months to 50,000 oz per annum, grow the resources and begin to bring Nyakafuru online for an additional 50,000-100,000 oz per annum, i see it smashing past £100m.

But no right or wrong answer or good to see differing views and how investors see this progressing