Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Makes more sense to list Alien rather than IOCA IMO
Oh and myavian will continue with his useless posts ….
Upside we need you on full time employment going forward ;)
News flow looks to be stacked up in anticipation of the next knac meeting ,green light perhaps ?
Excellent work
So with $10m CAPEX savings and $15m funding from AA that leaves us with 5m to raise, with Guy Robertson and his expertese in finance he will be able to do the following via spin off , partial sale ,loan or placing.
Personally a loan would make more sense as it can be paid of quite quickly within a year how this is achieved with interest or equity who knows.
Also I thought even better than that would be a dual listing on the ASX for Alien to raise $5m that would give us more exposure to more serious investors such as those who invested in Fenix etc. needless to say that financing for these sort of projects is easier as opposed to the UK.
Thoughts ?
Tacets whats new? all financial markets are a scams to a degree one way or another.
Now incase anyone’s misinterpreted the RNS Han**** is economically viable where 1.7mt indicated included in Mining reserves of 4.2mt ready to be extracted.
And $10m capex saving.
Rod only sold out of bluejay because he knew there was little chance to bring dunbas to production due to legal and high capex expenditures.
This a completely different animal with very little CAPEX which can be brought online fairly quickly once everything is in place
Nice holding Turbo aiming for Tr1 are we ;)
Strong bounce just goes to show its worth reading a RNS after drinking coffee LOL.
**we have been seeing which im sure Rod felt comfortable enough to commit over £500k of his own money towards the project
Any can disagree but as its common knowledge thqt Rod has an extensive background in PGM’s and that is what cought his attention initially, Bradley Toms is in charge of exploration on the Han**** tenement which is our main focus. That leaves EH/Munni munni still yo develope and offcourse uou have Brovkman and vivash which is further down the line.
This makes sense to me as we have currently a mining licence for Munni Munni and EH already in place and further exploration licences can be applied for this makes it even more attractive especially given the positive results we have been seeing which im sure Rod frlt comgortable enough yo vommit over £500k
Smiller it says non core Australian assets not( Non Australian assets )
So this restructuring means Troy whitaker CEO of IOCA will steer hanvock into production and Rod will take charge of the non corr assets which ehich are EH/Munni munni and a new group CEO will be put in place to overlook the whole operation.
No smiller that is incorrect it sates non core Australian assets which are the following EH and Munni Munni
Hi Mr Metal first of all congrats on your first post,
For clarification check my earlier post it states
Global Resource: 9.1Mt @ 60.3% Fe
Inferred: 7.4Mt @ 60.1% Fe
Indicated: 1.7Mt @ 61.0% Fe
This represents A 71% CONVERSION RATE, TO THE INDICATED CATEGORY for the material on Ridges C and E
Global Resource: 9.1Mt @ 60.3% Fe
Inferred: 7.4Mt @ 60.1% Fe
Indicated: 1.7Mt @ 61.0% Fe
This represents a 71% conversion rate, to the indicated category, for the material on Ridges C and E, providing further geological confidence to the remaining inferred resource. By applying economic constraints to the Indicated Resource, Alien has delivered the project’s maiden JORC compliant Mineral Reserve of:
Ore Reserve: 1.9Mt @ 60.2% Fe
Mining Inventory: 4.2Mt @ 60.5% Fe (includes Ore Reserve)
Drilling has commenced at the Sirius Extension (the project’s third target) to add to both the project’s Indicated Resources and Ore Reserves, as the Company approaches Financial Investment Decision (FID) for the Project.
Alien’s procurement efforts are on target to deliver a ~US$10m in CAPEX savings, which when applied to the initial independent Scoping Study (completed using an iron ore price of US$100/t) results in:
Capital requirements of ~US$20m (~US$30m in scoping study)
Mining rate of 1.25Mtpa
Exceptionally low strip ratios (~1:1 on the Ridges deposits)
Operating costs of
https://www.alienmetals.uk/project/iron-ore-han****-tenement/
Good morning Mr moon,had your coffee yet ?
Read this slowly …
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.
A few more holes at Sirius will add to the indicated resource.
Sorry Turbo thats incorrect its indicated 1.7 + inferred 7.4 = 9.1 global resource
Missed a bit …
BGS is CONFIDENT that the interpolated block grades are a reasonable reflection of the available sample data.