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In this episode Barry chats to Tony Rovira, managing director at Azure Minerals (ASX:AZS).
A must listen
The company recently made news picking up more lithium ground at the Andover JV project.
https://stockhead.com.au/resources/explorers-podcast-azure-extends-its-lithium-ground-exploration-with-andover-jv-project/
look at troys performance rights (260m) and they start from 1p
also something ive noticed is how they’ve numbered the performance awards number 5 before number 6
makes me think theres something on the cards for eh/munni before we execute the final payment for han****.
we need the share price up to facilitate this
Seems as if they have something up their sleeve for munni munni/EH
the bod need the share price up to facilitate funding for the han**** project, i recon some decent news to come out off eh/munn munni soon
Moon boy your the one that bought Alien t-shirts and mugs back in 2020 😂
Unclejim how is the commencement of a DFS to meet funding and offtake requirements reducing shareholder value?
"the provision of the dfs in the coming months will see the han**** project positioned to swiftly move through and conclude the funding and offtake requirements that will lead to the company's final investment decision in the latter part of this year as the final regulatory approvals process continues to progress."
key words 👉funding and offtake requirements
no dfs means no funding and no offtakes
just another step towards insuring that anglo american are happy to provide the 15m required and give the go ahead for the offtake agreement …
once this is achieved i belive we will be massively derisked and the 5m can be easily accessible.
Thanks DGR👌
commencement of dfs is very positive also as i’ve mentioned before work on the application is ongoing.
“progressed the required regulatory approvals for the project, which includes ongoing discussion with the native title holders and completing the required fauna, flora and vegetation studies to support the environmental application”
troy whittaker, chief executive officer commented:
"selection of mining plus to conclude the company's definitive feasibility study for the han**** project is a significant milestone for the company and its shareholders. over the past month the company has been focused on de risking the project through the delivery of the mining inventory and reserves and capital and operations costings to support bankable levels of project definition.
"the provision of the dfs in the coming months will see the han**** project positioned to swiftly move through and conclude the funding and offtake requirements that will lead to the company's final investment decision in the latter part of this year as the final regulatory approvals process continues to progress."
I know who is genuine because its easy to siv through the 💩
There are opinions and then there are facts which can be verified ,im not saying I dont agree with some opinions here which are negative but im sure readers of this board appreciate tangible information that can be analysed and taken into account.
Now,what are you going to tell me that there hasn’t been any developements in the application?
Because the share price is going down does that mean the company are no longer working ?
You can carry on staring at the share price and tell us how much of a flop this investment has been for you we get it 😴
Investors know that UFO is at a crucial point were one right move and a bit of luck the downtrend we’ve been experiencing for the last 3 years will be history.
Bob certain information I am happy to share with genuine shareholders perhaps not with you, hope you're not offended.
Yes there are updates but I wont bother sharing them here.
Work on the application is still being done in the background those that know know!
Leave the bickering to the uninformed like Bob etc
🫢😉
Wow how sad, you know what let me make a new account and then reinvent myself and spend most of my time on chat forums saying the company is going nowhere and yet is still holding until it reaches at 2p to sell LOL
Bob which one is it?
Tacet you are a well informed poster and I do appreciate your occasional technical input despite your stance which is the purpose of this BB, please don't involve me in this chimps bull**** and keep it factual thanks.
Bob dont want to get personal but you post a dozen times a day calling people clueless but in reality very little usefull information is coming from your end its all just opinion which coming from a new account a month or so ago is quite disingenuous to say the least.
Yeah Bob thats old news no need to get emotional.
I also like the idea of Troy steering the ship , he has the experience and the connections to make things work
And the incentives are all there to get this over the line.
Bob in the RNS they only claimed to have a key meeting with knac and update the market on the company strategy,that doesn’t necessarily mean it will be concluded and announced in July.
Huldi its mostly where facts are shared not so much opinions from the uninvested👀
Momentum should build here as we expect some important updates regarding Native title clearance now
Thats some real news !
highlights from the recent drilling campaign at the sirius extension deposit! 🚀 here are the key takeaways
🔹 we successfully drilled 13 diamond core holes, covering a total of 1049 meters. this increased the density of our drilling activities, allowing us to target resource upgrades from inferred to indicated. this is a significant step towards future reserve reclassifications! 💪
🔹 the assay results for the first two holes, 23ihd003 and 23ihd006, have been received, and they are nothing short of impressive! 🙌 here are the highlights:
- drill hole 23ihd003: 26.9m @ 60.03% iron ("fe") from 13.9m, including a high-grade intercept of 12m @ 61.2% fe from 28.8m. also, 16.1m @ 59.75% fe from 46.9m, including a high-grade intercept of 9.9m @ 61.03% fe.
- drill hole 23ihd006: 49.0m @ 59.29% fe from 14.0m, including high-grade intercepts of 8m @ 60.70% fe from 17m, 9.0m @ 61.51% fe from 36.0m, and 12.0m @ 60.58% fe from 51.0m.
🔹 these consistent grades of over 60% fe, along with low levels of deleterious elements, not only meet but also exceed our current resource model. this is fantastic news for the han**** project!
🔹 the high-grade, direct ship ore results have further reinforced our confidence in the project's potential.
🔹 these drilling results will be included in future mineral resource estimates and mining studies, which we anticipate will lead to increased mining reserves.
troy whittaker, chief executive officer commented:
"these initial results from the recent sirius extension drilling campaign reinforce the potential of the han**** project. these results mirror or exceed that of the company's resource model and we look forward to announcing the balance of the results that will support the next phase in the development of this project in the coming weeks."