Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
TS... I agree with all of your post. For the reasons you outline I have been adding....
The final 20 seconds of the recent video I did enjoy again the other night. I'm sure all here have watched it. Very telling.... Atb BH
22 May 2023
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR) as in force in the United Kingdom pursuant to the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
Andrada Mining Limited
("Andrada" or the "Company")
Production of the First Bulk Lithium Concentrate from the Pilot Test Programme and Progress Update on Debt Funding
Andrada Mining Limited (AIM: ATM), an African technology metals mining company with a portfolio of mining and exploration assets in Namibia, announces that it has produced lithium concentrate in the form of a high purity petalite concentrate. The concentrate was produced as part of the Company's off-site pilot test programme to investigate the metallurgical potential of the pegmatites from its mineral license areas around the town of Uis in Namibia.
HIGHLIGHTS:
Saleable lithium concentrate
· First bulk lithium concentrate produced from the off-site pilot test programme using dense medium separation ("DMS"), consisting of 0.5 tonnes of petalite.
· The 85% pure petalite concentrate assayed 4.16 % Li2O.
· Potential offtakers have indicated that this concentrate composition represents a desirable lithium product.
· The concentrate will be used to conduct test work with potential offtakers, including petalite conversion to lithium carbonate and lithium hydroxide.
Lithium bulk-sampling pilot plant
· Construction of an on-site lithium pilot plant is on schedule with completion due during June 2023, and commissioning expected to commence in July 2023.
· The pilot plant will enable the Company to expedite bulk pilot test work and increase pilot production of lithium concentrate.
Funding update
· Senior debt facility from Development bank of Namibia ("DBN") expected to reach contractual close at the end of May 2023 with potential first drawdown in June 2023.
· The conclusion of the Orion Global Resource facility ("Orion") is contingent on an intercreditor agreement between the Orion and the senior lenders Development bank of Namibia ("DBN") and Standard Bank.
Anthony Viljoen (CEO) commented:
"We are extremely pleased to announce the production of our first saleable bulk lithium concentrate. This milestone follows the previously reported successful laboratory scale test work and we believe it moves us one step closer to full-scale lithium production. With the completion of the on-site pilot plant imminent, we intend to expedite bulk pilot test work on all our mineral licenses. Simultaneously, we plan to increase pilot-scale production of lithium concentrate for testing with potential offtakers to achieve initial lithium sales.
We believe that this represents a
22 May 2023
Hummingbird Resources plc
("Hummingbird" or the "Company")
Kouroussa Gold Mine Commissioning Update
Ore is introduced to the circuit and enters the Hot Commissioning phase
Hummingbird Resources plc ("Hummingbird" or the "Company") (AIM: HUM) is pleased to announce the start of the hot commissioning phase at the Kouroussa gold mine in Guinea, the next step being first gold pour, which is expected within this quarter, Q2 2023.
Phase one of testing the processing plant's mechanical, electrical and overall functionality has performed per design, allowing next phase, hot commissioning to begin. First ore was introduced to the one million tonne per annum ("Mtpa") plant at Kouroussa on 20 May 2023.
Video footage of Kouroussa commissioning will be available on the Company's website soon via this link here.
Dan Betts, CEO of Hummingbird, commented:
"The commissioning phase of the Kouroussa mine is performing well and reached another important milestone with the commencement of the hot commissioning phase, ahead of the first gold pour. While commissioning of the plant continues and nears its final stages, our operations team is preparing Kouroussa to become fully operational with the intention to reach commercial and name plate production in the second half of 2023."
Progressing nicely... gold incoming....
Just a reminder…. When a new poster writes a load of negative guff it is not worth responding.
The tide is turning here and nothing the trolls write can change that.
Two drills in Queensland on new turf for ECR. Dynamic new CEO. Loads of results to come. Funded for 2023 already. Clearly more assets to dispose. Never mind the past. It’s in the rear view mirror. Andrew is looking through the windscreen at the road ahead…… G’day
Released 07:00:00 10 May 2023
Serabi Forms Exploration Alliance with Vale
Serabi Gold plc (AIM:SRB,TSX:SBI) (“Serabi”), the Brazilian-focused gold mining and development company, is pleased to announce the signing of a strategic exploration alliance (“Exploration Alliance”) with Vale S.A., through its subsidiary Salobo Metais S.A., (both “Vale”) focused on its Matilda prospect and other large regional targets in the Tapajos region of Para, Brazil.
Highlights
Exploration Alliance focused on the discovery of large-scale copper projects within Serabi’s Palito Complex tenement area
Vale represents an excellent partner being Brazilian based and one of the world’s largest diversified mining companies
Exploration Alliance structured over a number of phases:
Phase 1: Vale to sole fund up to US$5.0 million exploration programme.
Phase 2: Vale may elect to continue exploration activities and to sole fund one or more selected copper projects to Pre-feasibility Study (“PFS”) stage
Phase 3: Vale will have an option to, acquire a 75% shares of a legal entity to be incorporated by Serabi (“JV Company”), . Immediately after the incorporation of the JV Company, Serabi shall transfer to the JV Company the copper project. Serabi shall sell 75% of the JV Company ownership to Vale for US$5 million (“Exercise Price”). Vale will continue to sole fund the JV by capital contributions to completion of a Definitive Feasibility Study (“DFS”), while Serabi retains a 25% interest.
Phase 4: Vale can acquire an additional 15% interest in the JV Company or a further payment of the higher of US$5 million or 1.5% of the net present value of the project, taking their interest to 90%. Serabi then has a put option to sell their remaining 10% interest in the JV Company for a further US$10 million and a 1.5% Net Smelter Royalty (“NSR”)
The JV Company may acquire additional copper projects from Serabi, in which case Serabi will be entitled to additional payments of the higher of US$5 million or 1.5% of the net present value of the project for each, when a DFS has been completed
Michael Hodgson CEO of Serabi commented:
“Making the discovery of the Matilda porphyry prospect in 2022 was a major milestone for Serabi. However, bringing in a partner with the expertise and resources of Vale, will enable us to properly evaluate Matilda and the other significant targets within our tenement area, and move them forward more quickly. The Exploration Alliance is focused on large scale copper projects and allows Serabi to maintain its attention on its gold exploration targets.
“Vale represents an excellent partner for Serabi and we are delighted to be working with them to begin unlocking the potential of the Tapajos Region.”
Key elements of the Exploration Alliance......
Vale. Excellent partner. Just what what SRB wanted.....
Great RNS... we knew but confirms cash.
Lots to come as I said.
1.1p for a BAG! 1.65p 2 BAGS.....
I tell you what i'm expecting.... more late reported trades for large numbers of shares... ;-)
Fair enough mental but I'm not a massive twitter person... i think recent interviews with AH have been fine and at the moment they are just getting the old and new ducks lined up. The POG has/is doing them a favour too....
What is good is if you are new or out of this then the current SP is a blinding opportunity. If you have followed the news and watched and read then the possibilities will be obvious.
Some nice pics on Twotter could do no harm mind. I would expect to a Queensland snap.
Have a great weekend all!
Lots of results pending here....
Rigs on the move to Queensland....
Gold price strong and expected to rise further....
New management getting on with new strategy...
SP in the gutter......
Time to buy.
....nah...just call it 'Ramper's Delight'. It will be.
Listened to a few interviews over time.. Haythorpe is pacey, lucid, concise and does not um or ahhh. Positive, focused and with a clear plan.
Bitcoin is right of course today. This is 'opportunity time'. TS... you should re-post yout long summary on a new thread this evening so it does not get lost and if certain posters try to add 20 posts below it.... just post I again on anew thread... with the interview link.
Thanks in advance and a fine weekend to genuine holders. BH
Waaaaaaaaaaa
TS... agree your 14.19... good RNS today!
Mental... loving the Waaaaaaaaaa
Losers.... ha ha ha ha
Cashking..YES it is isn't it!
... adopting a nice shape... mmmm
Exploration is about uncovering the as yet unknown
nothing... see TS 11.57... that's all you need to know...
blah blah from mel I see... so dull
That was my trade at 15.07... lol
Finally this is warming up….. and about time…
Main issue was surely the confirmation that Coringa licensing process was/is not complete….
Confirmation that this process was not done and dusted led to drop from 60-30p
Shares are cheap. Gold unlikely to drop back given inflation. More likely to break $2000…
SRB needs steady production and increase towards 60K oz
Matilda deal is potentially massive curveball to the upside…. Could happen anytime
I agree BT