Member Info for AG1989

Yeah Covid will still be having some kind of impact. In Australia, in general they've controlled the pandemic brilliantly with a lot of limitations to help prevent the spread. But lockdowns are ongoing there and in New Zealand for the smallest cases and this will be the case for a time to come I'd imagine

In terms of a possible JV, or future activities away from EL006184, who knows. He mentioned a while back in an interview that the Ballarat licenses seems crucial to some of the Big Companies considering an agreement with the Company.
It may get to a stage if delays are ongoing and there's no further outcome with the Ballarat license, the company may push forward to get

EL006713
EL006907

Granted pending any further department approvals. Gaining access and exploration rights to explore these licenses could be a huge Catalyst moving forward. The ongoing work at Creswick is following the DMS trend towards to the South West, they could significantly extend this strike length by Km's into the new tenements

Yeah, i think one of them was accepted back in 2019.

But then once your "First grant date" is issued, the clock ticks down until the time of renewal. You'd want to get your "First grant date" issued on both licenses at the same time. And with the current license EL006184 due to be renewed at the end of 2021, it could be timely to get all 3 granted together starting 2022

Just speculation, and there's also the Ballarat license which hasn't been "accepted" yet. I've checked the earth resources monthly report again and no Report issued for July or August yet which shows the backlog in work the Departments are facing.

Factors outside of the companies control so instead of saying "Well I can't say too much" anymore, it's probably best not to say anything until there's substance and material he can release to shareholders

Building nicely

I'm wondering whether a JV is a possibility at Bibemi after the next set of results?

Shot in the dark but

1 - It would free up resources for central Cameroon with another company spending X millions drilling Bibemi up
2 - It would potentially push up the SP to do a raise on more favourable terms

They are fully funded for this next campaign of 1,600m. I think they had £800K as of June/July, so even with warrant money you'd imagine a raise will be soon

500,000,000 shares released "Which is a big dilution" at £0.0050 would generate around £2.5m.

We still have the potential of Madina Bafe results lifting the price a little, but I've always favoured Fare as the better prospect and even with solid results there, had no impact on SP

So much going on but i think this is a factor the market are waiting on, despite continuous success. Happy to hold

Yeah there was a 500,000 sell the other day

Was trading at 7p not long ago. Some have made their money and are potentially moving on

It's the investment cycle. The show goes on. The company arent stopping and these are more brilliant results

Very happy going into the Resource upgrade

Having 2 operational bases would be significant

- Accommodation quarters
- Workshops
-Decline potential
-Drilling

Narrow high grade veins makes sense of the small 1m widths drilling across the mineralisation. But, easier to identify and can be just as profitable. Results coming soon so a fair bit to look forward to

Overall LW yes - With an initial Resource estimate of 700,000 oz in October

Not sure whats more significant, the 103m intersection from 46m or 38m@1.4g/t from 191m

The potential to open this at depth/underground operation is huge now and Bert highlights this in the RNS

Bitcoin - well summarised

Extremely happy

The continuity in mineralisation at Zone A speaks for itself

Multiple 30m intersections.

“ The hole ends in grade as Cora stopped purely to test immediate open pit quality” - 103m@2.1g/t

33m@1.48 g/t from 191m

How deep does this actually go. That’s outstanding.

103m@2g/t is a brilliant result and reinforces the potential at Sanankoro. All the way down to 140m!!

Very very excited for the resource upgrade

Gutted i might be able to make the Investors presentation in Manchester on the 27th, I'm supposed to be away that week

Cora has significant potential beyond Sanankoro and for me will continue to grow its operations and resources for many years to come

Yeah, even after the money slims down and further fundraising is needed, there are hard Tangible assets left behind, controlled and owned by the company which will provide much value moving forward

I still think we’ll see a Creswick JV. To unlock its true potential there’ll still need to be £m’s spent, but it’s more than worth doing in the long term

All speculation aside, both property purchases are key indicators to where CB is driving ECR

It could be a combination of the two LW. Building a decline is a lengthy and potentially costly process for a wider extraction process. And a decline is something clearly in the future works for ECR, as reported in both RNS reports and land purchases

Don't read too much into it, it's all part of investing. The lack of news may have just spooked investors to take their profits and pile it in elsewhere. Has nothing to do with the possibility of bad news coming

10 assay reports and not a single one of them bad. Still half the metres yet to report and there's nothing at all telling me or pointing me towards these results being bad

Have patience :D

TS - i think the JV will be the catalyst if signed. And if so, I actually wouldn't blame the company taking any advantage of a sudden share price rise of 3/4/5p and doing an early rise Q1/Q" 2022, with a focus on future activities and limited dilution

The size and scale of this land package ensures that, equipped with our own drilling rigs we can now ramp up our drilling and exploration activities across the territory, and when appropriate can develop our own mine decline, processing plant and tailings dam.”

The property consists of 297 acres of land (no buildings at this time), within the 24 square kilometre Bailieston license area, with ample exploration opportunity and the future potential for the construction of a mine decline, processing plant and tailings dam.

Future potential for construction of a mine decline, processing plant and tailings dam

I don’t think there’s a mine already on it. That’s my take and correct me if I’m wrong. It just sets up the company moving forward to progress such infrastructure once they have resources in hand

Spent a lot of cash this year. But 2 drill rigs purchased and 2 very important land package purchases with a future Mine in site.

I think it’s positive to still have £3m in the bank, with drilling ongoing. Further fundraising will be required I think next year but that’s expected. Hopefully they do on at a much higher price to limit dilution.

But by the time you’ve developed a resource, completed a feasibility study, environmental studies, built the plant itself and brought it online, your talking 3-5 years.
The decline is a given, and Will needed to be constructed regardless. The option may be there to toll treat it at Fosterville or any neighbouring processing plants if they wish to go down this route

A very long way to go, but the right noises being made.

dv - definitely. It’s these small moves that set you aside and above the chasing park. The purchase that demonstrate your intent for building a Mine in years to come.

Your no longer just sticking holes into the ground, your creating a story. Let’s crack on with the drilling and compliment this process. BIG purchases, the BOD clearly see potential to choose these exact locations.

Another positive move