Member Info for aprogerson

@SeisNav Thanks for posting and yes very interesting especially the core numbering which I presume is metres drilled so at 360m so far .... I wonder how deep they will be going 500m? 600m?

ATB APR

@Legalwolf I only wish ... and yes redonuous!

ATB APR

@Fulmar thanks for posting Charles Archer blog link https://t.co/WfKKfzX3ma

ATB APR

@GTMufo and people like you give trolls a bad name.

Time and time again you come on here spouting your Doom & Gloom and time and again myself and others lay out what is possible, what needs to be done in what order and where the issues may be IN DETAIL ... you just whinge with vague and unspecific risks so that you can trumpet how right you were when anything down the line fits one of your vague warnings. Time and time again I say that Junior Explorers are very risky as their only means of raising new capital is by dilution ... you act as if it is a surprise when they do !

This RNS is MASSIVE news for GWMO as it gives them a future revenue stream via their 50/50 JV Mill AND means to monetise their historic tailings for which they have a 1,600oz gold JORC so we know the metal is there and the stage 1 Gravity separation mill should be able to recover 50% of that metal.

You keep up with your vague warning and negativity and we will keep up correcting you

ATB APR

Fantastic news and looking forward to future GWMO updates on next steps:

JV Mill

>Confirmation of JV mill test & commissioning

> Confirmation of MJ & OMCO tailings being transported to site for gravity processing

> Confirmation of first gold/silver pour

> Confirmation of JV mill throughput upgrades 5> 35> 200 tons/day

> Confirmation of leaching licence application submission to support Stage 2 JV mill development

I strongly suspect we will now get steady rerating of GWMO as it transitions from Junior Explorer to Junior producer once the JV mill comes online

Did someone mention copper?

Nice to see you back posting McAdder

ATB APR

@TNR Sadly my earlier post has been deleted along with the rest of your misplaced accusations and slander. There are a few posters on this BB that produce independent research and SeisNav has always been one of those whose contribution I respect and views I trust.

Having been on this BB myself for 5+ years I can also categorically say that you have produced zero independent research preferring to just incessantly criticise and/or insult others on this BB ... for clarity I neither trust nor respect your views.

Fulmar Thanks for spotting that as an interesting read

ATB APR

@Tradedesk 100% agree as timing is perfect, but BH is not a great PR person and in my view very cautious so unlikely to happen

Best thing BH could do (in my mind) is

(1) open up one of the shallow silver/gold veins and put that through the JV mill to demonstrate GWMO have a source of both primary and pre-mined metal ores

(2) pop a few drill holes in the "void" where GWMO have stated that they do not have enough data so that they could scale up the existing Copper JORC by demonstrating continuity and scale

ATB APR

@tradedesk My best case outcome is GWMO drill enough of the potential copper targets to confirm mineralisation circa 0.45%+ with decent intervals and/or establish continuation between copper areas. GWMO does not have the resources for a large drill campaign so a JV farm-in has always been the most likely outcome where GWMO get to keep 25-35% plus some capital payments whilst the partner drill it up.

I can dream I suppose :-))

ATB APR

@GolfDinger The 50/50 JV Western Milling LLC is a profit centre for GWMO and Muletown; what is not yet clear is on what basis they will process materials but has been stated that materials will be batch processed so can take in 3rd party materials as time progresses. For me this implies either JV will toll mill will:

1) take a fixed rate processing fee per ton or

2) buy ore off 3rd party after assaying it and then process it

Clearly we shall see, but we also need to factor in refining cost of concentrate where refiner will pay circa 90% of metal value for concentrate

ATB APR

ATB APR

Okay I'll bite as NDEP JV mill Licence is "only" for 18kt processing/annum via Western Milling JV plant.

Processing 18kt OMCO surface tailings @1.6g/t gold via gravity separation with 50% gold recovery

> produces 18kt *1.6g/t *50% /31.1 = 463oz gold

> leaves 18kt tailings for future Stage 2 processing to recover another 278oz at a later date

> Revenue from gravity processing = 463oz *$2,300/1.2 *90% refining cut = £800k revenue

Note GWMO MCap is £3.26m so £800k revenue even if it takes a year of plant commissioning & then tailings processing is a BIG deal for a micro-cap Junior explorer.

Meanwhile the JV can be progressing:

1) plant upgrades from 5tpd to 200tpd throughput

2) licence upgrades for a larger annual tonnage limit

3) Stage 2 Vat leaching to take gold/silver recoveries from 50% to 80% overall contained metals

Anyone considered that once plant is commissioned and operating it could raise debt to pay for Stage 2 upgrades secured against the plant itself ?

ATB APR

Dear trolls,

We have just got the JV mill licenced after a long drawn out process (see my timeline post) and you are now looking for negatives and/or or telling everyone else that "you just don't understand" but of course YOU do as YOU want to control the narrative and claim all the credit for anything that happens after your vague warnings.

Well to get in ahead of you in no particular order on the TO Do LIST:

1) GWMO is a Junior mining explorer and soon to be producer ... it is hard, unpredictable and stuff goes wrong costing time & Money to fix

2) Western Mining JV now needs to commission the JV mill from 5tpd to 35tpd gravity separation throughput

3) Western Mining JV needs to present upgrade to 200tpd throughput plan and costs

4) GWMO needs to get 31kt of OMCO tailings grading 1.6g/t gold to the JV mill for processing

5) Western Mining JV needs to present upgrade to Stage 2 Vat leach processing plan and costs

6) Western Mining JV needs to present plan for increasing plant throughput & licencing above 18kt/annum limit in current licence in parallel with above

7) Get bloody processing tailings and get some revenue in

... and of course the "Elephant in the room" is GWMO needs to sell shares to raise cash and in so doing diluting existing shareholders until GWMO can generate its own revenue stream from production which of course they now have the plant, licence, tailings, access roads and wherewithal to now do.

Did I miss anything? No?

So put that in your pipe and smoke it!

ATB APR

@GTMufo I used to be in PREM several years ago and learnt not to trust George Roach promises and get-rich-quick schemes (tungsten, timber then limestone and finally lithium) very early on so avoided last 2 rounds of pump and dump with him

@lowpay Yes that would be my understanding also, but clearly my figures are for steady-state run once commissioning has been completed and mill throughput upgraded from 5tpd to 35tpd to full-tilt 200tpd which will take time.

My best guess is that they will apply for the tonnage throughput limit to be upgraded and/or upgrade to Stage2 vat leach sooner rather than later if there are undue delays likely so that they recover more metal per ton processed instead.

ATB APR

@ID78 Just updating my original 11-Jun-24 post numbers at this to get a sense of what is reasonable given what we know from RNSs ... summary posted & repeated for clarity below:

>OMCO tailings = 31,000 tons at 1.6g/ton gold (lets ignore silver)

> Gravity separation = 50% recovery and a further 30% maybe 35% can be recovered via Stage 2 leaching

>Commissioning at 35tons/day throughput

> Production at 200tons/day throughput

> Assume gold sale price @$2,300 ... POG is now $2,400 @16-Jul-24

> Assume toll processing & transport = 35% of revenue (including 10% refining charges)

Sum gold ounces recoverable = 31,000 *(1.6g/31.1)oz *50% = approx. 800oz via Stage 1 gravity

Sum £revenue = 800oz *$2,300/1.2 = £1.53m

Profit = circa £1m after assumed 35% costs or £530k (given it is a start-up so probably slow and/or costly)

Throughput 200tons/day = 4,400 tons/month operating 5days/week or 22days/month

Time to process = 31,000/4,400 = 7 months to process

Profit/month = £1m/ 7 months = £143k/month

If we assume it takes them 5 months to commission and upgrade to 200tons/day then can be done in 1 year delivering £1m profit versus £2.35m MCap (£3.6m @17-Jul-24). If it took £500k to upgrade to Stage 2 leaching then "depleted" 31k ore can then be run through to recover 30+% of original gold or roughly another £600k profit, but could be higher as transport costs would be negligible as tailing already on site and/or leaching recovery is higher.

All my simple musings & only REAL assumptions are

(1) Costs =35% of revenue, but clearly this is a best guesstimate including refiners 10% cut

(2) Mill steady-state production throughput of 200tpd is AFTER plant commissioning & upgrades

(3) Throughput/Month - one RNS says 5tons/hour & 70 hours/week and latest is 200tpd but no operating hours so assumed 5 days/week operation, but could easily be 7 days/week so my figures are likely conservative

(4) JV profit share - assuming any profit plowed back into Stage 2 leach vat plant upgrade top take recovery from 50% to 80% of input ore grade materials

(5)I have ignored silver recovery & revenue as presume will be an offset versus refining costs

ATB APR

For my own sanity I wanted to confirm GWMO/Muletown JV mill timeline and what GMWO has said about its staged production capability, %resource recovery, licencing, gold/silver grades & source of tailings plus what to expect next.

RNS Timeline & JV related summary:

>Feb-22 - MJ spoil heaps sample results

>Mar-22 - MJ access road completed

> Mar-22 - MJ & OMCO spoil heap aerial topographical surveys completed

>Jul-22 - OMCO spoil heaps auger drilled to assess grade & depth

>Jul-22 - Mill JV MOU signed between GWMO & Muletown

>Aug-22 - Ops update - JV progress design update progressing

>Sept-22 - JV signed & Project Summary issued

>Sept-22 - Half-Year results & JV Mill Design Manager appointed

>Nov-22 - Spoil heap MRE & Exploration target data issued. OMCO MRE = 31kt @1.6g/t gold & 3g/t silver

>Jan-23 - Ops Update & NDEP meeting to review design and updates for approvals

>Feb-23 - JV mill construction started

>Mar-23 - JV mill build continues & NDEP design updates being incorporated

>Jun-23 - JV Mill Ops update & key operating metrics issued

>>2-stage build (1) gravity =50% recovery & (2)Vat leach =30% further recovery for 80% overall

>>Concentrate will be sold to refiner & expect 90% of metals value

>>Start up mill operational throughput expected as 5tpd *70 hours/week *48 weeks/year

>>OMCO Inferred JORC MRE =1,600oz gold & 3,000oz Silver contained metals

>Aug-23 - Mill updates reports concrete pour delays

>Sept-23 - - Mill updates reports concrete pour completed

>Nov-23 - Mill updates & Detailed component rosta with status

>Jan-24 - Conditional NDEP approval granted for consultation

>Jan-24 - MJ tailing extraction licence confirmed +mill throughput starts at 5tpd >35tpd & upgradeable to 200tpd PLUS Mill ready to commence start up & commissioning on licence approval confirmation

>Apr-24 - OMCO 100% licence and acquisition confirmed

>Jul-24 - JV Mill fully licenced so can be started & commissioned

Just in case you were wondering where I got my data from!

ATB APR

@ID78 Thanks I was just looking for that summary to repost it after I checked numbers were still okay given what we know. J

I am just working through RNS timeline & JV mill operational statistics to make sure I layout the correct info and where it came from so peeps here can go check it for themselves before anyone goes jumping to conclusions or "where did you get that data from?" questions !

ATB APR

@GTMufo Only you could try to turn very good news into bad news and in the process try to yet again insult other GWMO holders.

I think we all actually understand that this is just the start and stuff happens and stuff breaks ... it is mining after all, but:

> the JV mill has been built and now commissioing can start to ramp up production

> we have a JORC on the tailings pre-mined at surface taht just needs to be dug up and trucked via a road that has already been built to teh JV mill

> JV mill can be expended as production ramps up>

> JV mill stage 2 can be started to add CIl or heap leach processing to extract more metals

What's not to like?

ATB APR

ATB APR

@Cometxt ... GREAT SPOT !

See 14-Nov-23 RNS naming JV as Western Milling LLC "Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW), which is exploring and developing gold, silver and copper targets in Nevada, provides the following update on its joint venture, Western Milling LLC (Western Milling), which is currently constructing a process mill in Nevada for recovery of precious metals from mining waste."

Permit issued ?Today 00:15 Https://ndep.nv.gov/posts/notice-of-decision-bmrr-western-milling-project

The Administrator of the Nevada Division of Environmental Protection (the Division) has decided to issue new Water Pollution Control Permit NEV2023101 to Western Milling LLC. This Permit authorizes the construction, operation, and closure of approved mining facilities in Mineral County, Nevada. The Division has been provided with sufficient information, in accordance with Nevada Administrative Code (NAC) 445A.350 through 445A.447, to assure that the waters of the State will not be degraded by this operation, and that public safety and health will be protected.

Western Milling LLC

Western Milling Project

WPC Permit NEV2023101

GUN owns 5,833,333 shares in 1911 Gold at CAD$0.06 per share costing£200,000 and come with a full warrant at CAD$0.10 for 2 years from 28-Dec-2023 fundraise of CAD$ 3.9m used for exploration.

Gun has 4.3% interest in 1911 Gold alongside strong insiders including Eric Sprott @12% and HNW individuals @27%. Current SP is CAD$0.13 so GUN is over 100% up on its £200k investment in last 6 months!

1911 Gold https://www.1911gold.com/ is based in Manitoba, Canada at the Rice Lake property with 125,000 acres including the the True North underground mine (JORC 1Moz @6g/t) with a1,300 t/day fully permitted mill & mine which needs some refurbishment. 1911 Gold leased their True North mill for 5 years with a 5 year extension option giving them $3-4m .annum to fund exploration and/or could be used to restart limit production if gold if gold prices continue to rise.

Current MRE "Technical Report for the True North Mine, Bissett, Manitoba, Canada” by Practical Mining LLC, dated May 8, 2018 contains 2.01Mt @ 7.41 g/t Gold for 433koz of in M&I categories, and 3.59Mt @5.79 g/t Gold containing 605koz of gold in the inferred category (cut-off 0.10 oz/t at US$1,400/oz gold.

Rice Lake was previously owned by San Gold which was valued at over $1B when it was producing 70koz pa back in 2012. It has 2 other exploration properties.

RNS 20-Jun-24 full programme https://www.1911gold.com/news/press-releases/1911-gold-provides-update-on-strategic-plans-for-true-north-mine

Don Durrett of GoldStock Data fame has this in his Top 25 picks and is on my watchlist !

The nearest analogy for me is West Red Lake Gold with its own high grade gold JORC and fully permitted mine and mill in nearby West Red Lake district (JORC 1.7M oz. Au at 7.4 g/t indicated and 0.4Moz Au at 6.3 g/t inferred) also valued at around $1B when previously operated by Pure Gold, but it is valued at CAD$122m also doing studies with a view to a mine restart in next 18-24m which is probably a year ahead of 1911 Gold but their MCap is CAD $18m !!!!

ATB APR