Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Infill diamond core drilling has been completed at the Company's high grade Sirius Deposit. The Sirius Deposit (Sirius) is a key element of IOCA's production plans. Of the Companys 4.2mt Mining Inventory (see announcement 26 April 2023), Sirius accounts for 2.3mt.
Given the high conversion rates of Ridges C and E (associated tenement targets) it is expected that Sirius will be upgraded to an Ore Reserve, after the requisite Mineral Resource Estimates and mining studies are completed.
Results shouldn’t be too far off.
Meant 2012 Jorc
norm you’re absolutely right , just like chris i too bought in during that spike at 1.3p and since then have indured the long painfull consilidation or hangover as you like to call it ever since.
most explorers/miners are suffering and will continue to do so until macro conditions improve and liquidity returns to the sector.
i can not speak on the cyclicality of money flows into aim miners/explorers as i haven’t been around that long however, im sure as ufo work towards production of han**** and convert munni munni resource into a jorc 2013 compliant resource ufo will be looked upon more favourably when conditions improve.
until then its the fundamentals that matter not the short term price fluctuations.
Myavian its clear that I have never have or will give price projections because im not a technical trader and also because a company like this is news driven therefore research into fundamentals is a vital part of investing in AIM.
Being constantly bombarded with unsubstantiated claims or projections by uknown and unverified biengs gives nothing of real value for investors.
Yes the share price may well drop but in the same way it may also rise?
Investors benefit when the share price rises,what do trolls gain ?
Try adding something usefull once in a while rather than “heading to 0.3s” which is sad.
Bob your a top 🤡
You have no credibility after you made a new account the other day and constantly reminded how it would drop into the .3s !
Where are we now🤔
Anyway I will no longer engage with you because your only here to mislead.
Im off as im in the middle of fitting a kitchen and before you mention its not for Bill 😂😂😂
*Do you
Bob quick question , ro yiu think this is is still going in to the .3s?😀
Sorry Mr Bird might have got your dates wrong there..
End of Q1 2023
•project procurement process finalised
•firm pricing & contracts locked in updated mre on sirius extension
End of Q2 2023
•deal with anglo signed
•native title agreement signed
End of Q3 2023
•mining licence granted
•start of operations
End of Q4 2023
• first shipment leaves han****
😂😂😂
its in the investor presentation!
you have to laugh sometimes ,this is why i take no notice of some comments here because a lot if so called “investors” are clueless but still spend their time ****ging of the company.
thie is our updated timeline for 2023, so far so good.
end of q1 2023
•project procurement process finalised
•firm pricing & contracts locked in updated mre on sirius extension
end of q2 2023
•deal with anglo signed
•native title agreement signed
end of q3 2023
•mining licence granted
•start of operations
end of q4 2023
• first shipment leaves han****
stevo this is business rod or any major sholders are not here to be your friend,we are all here because we want to make money its as simple as that.
if you spent more time researching and less time complaining you might come to the same conclusion.
now “rod leaving” shows how little effort you make to understand the rns
i will quote once again from the rns for your benefit
“rod mcillree will continue with the company as an executive director for the next 3 to 6 months and thereafter expects to act as a consultant and adviser as part of the company's strategic review of its non core australian projects”
now rod has seen something he liked and managed to get the interest of aa and placed his bets accordingly.
£500k for me suggest he is quite confident that the potential of these projects will be unlocked over time.
now we are awaiting a group ceo to overlook all operations whilst ceo of ioca drives han**** forward and rod can concentrate as adviser and consultant for the rest of our australian projects.
Great post max having a PGM resource of this magnitude and where it’s situated is a huge bonus.
Did a little digging the other day on Munni Munni and wondered what happend to its ownership and why was it not pushed forward to ptoduction?
Well it comes down to the low price of platinum and palladium at the time which is the same reason why Arian ceased its operation at EH which was uneconomic at the time.
So Lonmin a South African company operating in the Bushveld complex which hosts more than 70% of global PGM resources,Lonmin was acquired buy Sibanye-Stillwater for $286m in 2019 making them a LARGER source of platinum than ANGLO AMERICAN🤔😉
2003.
Lonmin's withdrawal coincides with the completion of $8.5 million of exploration and development expenditure conducted at Munni Munni over the last two years. Under the terms of the Agreement between Lonmin and Helix, Lonmin were required to finance all activities at Munni Munni up to completion of a full Feasibility Study. To date, the activities have identified a resource of 24 million tonnes at 2.9g/t Pt, Pd, Rh and Au containing a total of 2.1 million ounces of precious metals. Opportunity also exists to identify further the potential for a new PGM resource. The Munni Munni Project has a large component of Palladium with lesser amounts of Platinum and with its defined grade of 2.9g/t is reliant on a strong Palladium price. When the Joint Venture commenced in May 2001 the Palladium price was US$600.00 per ounce compared with US$250.00 an ounce in January 2003.
So Lonmin took interest when palladium was $600 per ounce and pulled out at $250 per ounce.
In March 2022 paladium price reached a peak of over $3400 per ounce and is currently sitting comfortably at $1570 per ounce.
Is it safe to say that Anglo American is interested in Munni Munni 💰💰? I would say so with a mining licence in place there is no suprise Rod seemed so excited about 💰💰and decided to splash half a Million pounds in such short time.
Its all very exciting watching it all unfold …just hope we play our cards right.
Link for the Lonmin RNS
https://www.asx.com.au/asxpdf/20030304/pdf/00347954.pdf
Barret take a look at my latest tweet ive posted below it shows our neighbouring tenements and the size of their resource. Sirius has a resource of 124mt 119 of which is in the indicated category ,I dont see a reason why we wont hit it big considering how big our land area is now.
Https://twitter.com/allwinnerspaid1/status/1654979195913601030?s=46&t=Zg0N8HXs0Zm_GHaWBGIfkA
The Company is working to appoint a UK based independant Non-Executive Director to join the Board alongside Rod, Dan Smith and Guy and will also look to appoint a Group CEO shortly.
Thats so true norm as it reminds me when I bought in Btc for first time in 2017 and held at a loss untill I finally sold at break even before the massive 2020 bull run…If ive learnt anything from my investing career is that money flows in cycles and once that is confirmed we will potentially replicate thise moves we saw in UFO back in 2020.
The only difference is that we are more likely going to retain those gains as we become massively derisked once cashflow positive.
Thats a seeet deal max and in addition weve only just gone and doubled the size of our prospective land area!
Norm plenty of reasons to list on the ASX..
This was taken from the GGP RNS for those that missed it.
The purposes and objectives of the ASX Listing are to:
§ facilitate increased equity research and institutional investor ownership of Greatland to support greater liquidity and interest in the stock;
§ enhance Greatland's capital markets profile; the ASX is a natural listing venue for mining companies especially those with assets located in Australia; and
§ provide Greatland with access to deeper pools of capital to support longer term growth.
Good point about our neighbours greentech ,just imagine what would happen to the share price once ASX get a sniff of the grades at Munni Munni/EH