Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I'm particularly interested in the Oak Dam. Some info here
https://www.bhp.com/media-and-insights/reports-and-presentations/2019/06/baml-smartmine-conference-london-26-june-2019
https://www.australianmining.com.au/news/bhp-tech-transformation-to-unlocks-tens-of-billions-of-dollars/
It was a new approach to interpreting exploration data that led, in November last year, to the Oak Dam copper discovery, near our existing Olympic Dam operations in South Australia.
We used advanced geophysics modelling to reanalyse existing drilling data.
With improved data acquisition technology, we were able to obtain a set of much more granular data across a more targeted area.
Imagine searching for a needle in a haystack but with the help of a strong magnet.
We are currently running a second round of drilling to further define the mineralisation of the area, where we have encountered copper grade intersections as high as about 6 per cent along with gold, uranium and silver.
yeh cbb you are correct! So where/why/what is this ann. you speak of? Today is the 1st of March where I come from,
leap year no 29th haha
of course end of year financials!
why you think the 29th? Oak Dam?
any ideas on who the two potential development partners for the Project could be?
looking forward to an update on this new discovery. EL5941 is up for renewal 21Feb19!
" drilling of a well towards the end of next year" (Spain)
http://www.petrelenergy.com/irm/PDF/2098_0/TesorilloStage2FundingCompleted
Hope Ed is a lot more shareholder friendly than the PRL muppets!
Petrel Energy made Uruguay sound like the next big frontier. By the way I am a holder and I am concerned.
Don't know whether you guys follow Hotcopper or have even done any homework on Petrel Energy. They have THE worst reputation on the asx and by their shareholders. All you will be doing is putting your hands in your pockets feeding this lot with nothing at the end! That's why there is no interest here...those guys are absolute clowns. Do some homework!
https://www.lavozdigital.es/cadiz/lvdi-firma-tarba-energia-reactiva-proyecto-gasista-cadiz-201807170744_noticia.html
https://www.europasur.es/comarca/Tarba-Energia-rescata-proyecto-Tarifa_0_1264973671.html
"Schuepbach Energy has changed its name to Tarba Energía."
"Tarba Energía, for which an investment of the order of five million euros would be necessary."
Exceptional�Metallurgical�Results�at�Klondyke� Leach�results�of�96.7%�and�Gravity�Gold�Recovery�of�63%� Calidus�Resources�Limited�(ASX:CAI)�(�Calidus��or�the��Company�)�is�pleased�to�announce� the�results�of�metallurgical�testing�at�the�Klondyke�Project�located�at�the�Warrawoona� Gold�Project�in�the�Pilbara�of�Western�Australia.����� HIGHLIGHTS�  Excellent�gold�recovery�characteristics�with�similar�testwork�response�from�oxide� and�fresh�ores�  Greater�than�96%�cyanide�leach�recoveries�at�relatively�coarse�grind�(80%�passing� 150�microns)�and�24‐hour�leach�  High�gravity�recoverable�gold�of�63%�  Exceptionally�low�reagent�consumption�(average�sodium�cyanide�0.17�kg/t,�lime� 0.74�kg/t)�  Ore�characteristics�well�suited�to�conventional�crushing�and�ball�milling� Calidus� Managing� Director� Dave� Reeves� commented,� �These� metallurgical� results� position�Calidus�very�favourably�as�we�progress�towards�the�commencement�of�the�pre‐ feasibility� study� to� evaluate� the� development� options� for� the� Klondyke� Project.� Attractive� resource� grade,� geometry� well� suited� to� open� pit� mining� and� simple� ore� processing� with� high� gold� recoveries� and� low� reagent� consumption� could� underpin� Klondyke�as�a�low�operating�cost�mine�in�Western�Australia�� http://imagesignal.commsec.com.au/docserver/01968211.pdf?fileid=01968211&datedir=20180405&edt=MjAxOC0wNC0wNSswODozMDowNysxMjArMCtjb21zZWMrcmVkaXJlY3QrL2ltYWdlc2lnbmFsL2Vycm9ycGFnZXMvUERGVGltZW91dC5odG1sKy9pbWFnZXNpZ25hbC9lcnJvcnBhZ2VzL3BkZmRlbGF5ZWQuanNw
mate I'm replying to LEMONADE who insinuated I EMAIL THE COMPANY....so TOSH right back at ya and get your facts right! Lemonade said: i'm assuming you've emailed the company and asked them? (obviously)
If you're going to put your hard earned $$$$$ here I highly recommend you email the company and get a feel for what lies ahead! gl
so if Spain is so great why did Petrel and Schuepbach go into Uruguay first...which is almost a failure as Schuepbach have packed up and not paid their share of the 4 well drilling programme, which to date they have drilled 1.5 wells and spent over $20 MILLION DOLLARS!!!!! Don't be fooled by the pretty seismics, projections and O&G Certifications. Cap raise after cap raise, lack-luster communication by management...you'll have your hand in your pocket more than the drill will be in the ground! Oh, and holidays, nice long extended holdays....they love a good holiday! Do some serious DD beforehand. Latest move ANOTHER cap raise $4.5M. From almost 5cents down to 003 as I type. http://www.petrelenergy.com/irm/PDF/1984_0/NonRenounceableRightsIssue Use of Funds The proposed use of funds raised from the Offer under several scenarios, is outlined below. � Full subscriptions received of $4.5m � the Company will 100% fund further drilling of Cerro de Chaga-1 to target depth, or if the fault cannot be cleared, drilling of Canada de Fea -1 well ($2.9m), pay creditors ($1.1m) and 3 months overhead ($0.5m). � Half subscriptions received of $2.25m � the Company will pay creditors ($1.1m), 3 months overhead ($0.5m) and pay rig standby costs of ($0.65m) whilst a partner is found. � Less than half subscriptions received � the Company will pay creditors to the extent possible and continue the partner process. If the partner process fails the Company will commence the sale of its project assets to cover unpaid liabilities. � Partner is found � depending on the level of contribution from its partner, the Company would propose to first pay its creditors ($1.1m), then meet its share of the drilling of Cerro de Chaga-1 or drilling of Canada de Fea -1 well (which will depend on the proportion of the project taken up by its new partner) and ongoing overhead costs, and then buy back the ORRI. If funds are received from an incoming partner for drilling or back costs that exceed short term cash requirements, the Company will undertake a share buy-back. http://www.petrelenergy.com/irm/PDF/1975_0/CerrodeChaga1Update http://www.petrelenergy.com/irm/PDF/1961_0/CerrodeChaga1Update http://www.petrelenergy.com/irm/PDF/1965_0/CerrodeChaga1Update http://www.petrelenergy.com/irm/PDF/1959_0/ExposuretoUruguayincreasedby229 http://www.petrelenergy.com/irm/PDF/1929_0/CerrodeChaga1PanizzaSpuds
Low Estimate (P90) Prospective Resource BCF 95 Original Gas in Place 318 Best (Median) Estimate (P50) Prospective Resource BCF 360 Original Gas in Place 720 High Estimate (P10) Prospective BCF 992 Original Gas in Place 1418 As foreshadowed in the Quarterly Report, SEI has continued to work on reconciling differences between the recent core test results and those undertaken when the well was drilled in 1956. This new and consequently more reliable data set including further log analysis has significantly enhanced confidence in the understanding of the resource potential. This is evidenced by the reduced ratio of resource relative to original gas in-place (OGIP). Mr David Casey, Managing Director of Petrel, said: �while it is somewhat surprising that the new data has yielded lower porosities for some samples ultimately leading to a decrease in OGIP, we are very pleased by the enhanced understanding we now have of this reservoir. Despite the OGIP estimates falling by about half, this greater confidence is reflected in the fact that the ultimate resource estimate (P10) has only fallen by around 24%. http://www.petrelenergy.com/irm/PDF/1467_0/OilampGasCertificationforSpain
I know mate way back in 1957!!! CURRENT as I said GOOD LUCK ------ What about Spain? DC and Co haven�t been able to get this going in 5 odd years too. Canada as well did nothing. How many excuses were made for Spain .... for years.... partners waiting for core holes and all the other garbage.... it dragged on and on and on. It�s the same with Uruguay. Excuse after excuse after excuse. On all accounts, everything PRL touches dies and shrivels up. I hope the shareholders get something back. At least the board have been paid nice juicy big salaries for years Pity the fools who�ve likely done their dough. The blame for this sits with the board of PRL. Sure their partner jumped ship. Good management plan for contingencies not operate on a shoe string. Why didn�t they raise additional capital? They�ve had plenty of chances. Why not raise capital for contingencies? Raising capital a few times a year on a falling share price. What are we watching, far*ing playschool? It�s amazing how far some twits get in life is all I can say. The PRL board represent our interests! I�ve seen street sweepers with more competence. Dream big children... you can go far....
good luck hatrick or not....you gonna need it! and $$$$$ lots of it. Petrel loveeeeeeeeeeeee doing capital raisings..
well hope they've checked Schuepbach and Petrel's history of drilling then! have a look at the current mess in Uruguay if you dare