Member Info for Boogles

Https://www.google.com/url?rct=j&sa=t&url=https://www.tipranks.com/news/company-announcements/white-energy-drilling-at-specimen-hill-points-to-large-multi-style-copper-gold-system&ct=ga&cd=CAEYACoUMTM5NzQ1ODg1MDcxMjY4ODgxNjcyHGYwNDYzY2RhZjcyZGFlMjY6Y28udWs6ZW46VVM&usg=AOvVaw2q7VMvQmMZ145o_K03K8gw

Thanks again!!!

I shall standby…

Thanks AGBR!

Any indication of timeframe for the installation of new equipment facilitated by the recent cash raise?

Bumpingalong,

“ think Dennis needs to come clean and state for the record if we are actually selling anything”. Having notified the market that they had gone into production and of the first sale of 10,000 tonnes there would be a regulatory requirement to notify the market if sales had then ceased. Therefore, it is reasonable to assume that sales continue, albeit with a low profit margin. IMO, the lack of detail regarding the amount being sold and the profit margin is due to the fact that they are still refining the end product to maximise profit. It would not be in the companies’ interest to give potential off-take partners an advantage during negotiations.

Once the additional equipment, facilitated by the recent raise, has been installed, calibrated and new off-takes agreed, then we may start seeing meaningful figures.

They will only be the accounts to the end of June. That will probably not be sufficient time to have meaningful full production financial data. In additional to that, they are still refining the end product. Therefore, the profit margins will be incrementally improving over the remainder of the year. As implied by Dennis in the interview, the board will show patience to release HMS at a more beneficial time.

IMO:

Diamonds; Confirmation of grade and price received at first auction in the next few weeks and then an update per auction cycle going forward.

HMS; First meaningful financial update via the interim financials in March next year.

From Nov 23; “ 20 tons per hour processing capacity”

That may well have increased since then.

Also, potentially earning 20% interest until full payment…

Good to see ongoing exploration. What this desperately needs is an initial resource definition. Fingers crossed sometime this year.

Damofari,

If theoakbloke’s figures are correct, then just the 370,000 tonnes of Lithium at $30k/Tonne = $11 Billion. 2.5% of that equates to $277 Million.

Extract from 29th March RNS:

“ The half year to December 2022 saw a significant milestone for the Company with the successful completion of our drilling campaign at Specimen Hill. After fires, floods and COVID over the past few years, access to drilling rigs and crew was limited, but we managed to secure a team to complete core testing of the continuity of mineralisation below the old Goldsmith’s Reef mine. Assays returned grades of over 8g/t gold and 5.99 g/t silver at 110 meters down hole, with additional intersections at 240 meters. Goldsmith’s Reef is approximately mid-way along the 4km+ strike that has delivered multiple discoveries for Tectonic between the Main Lodes historic mine in the northeast where we started field work and the Southern Copper discovery in the southwest which is our most recent rediscovery.

With positive gold and copper assays from diamond drilling now confirming continuity of mineralisation, we have been able to extend our database and attract parties into due diligence to discuss a farm out investment into the project. This is well underway and we hope to report progress in the coming weeks. Our objective is to have a well-funded group complete initial resource definition on Specimen Hill with a view to developing it as a copper-gold mining project. Tectonic will utilise all of the experience from Specimen Hill in prosecuting our next project area, Mt Cassidy. This is another textbook IRGS target which has historic workings and drilling. We have conducted our advanced geophysics reconnaissance and identified major structures below the old workings which we expect to see continuity of mineralisation at depth in. We are also in discussion to take our IRGS expertise into international gold exploration opportunities.”

Really good to see the first hole finally completed. Also the unplanned second hole seems very encouraging… The warrants news is also very positive IMO.

Roll on the assay results with a potential JV to follow. IMO that’s when we will finally see the share price movement we are all waiting for…

Janalan,

Your postulation appears to imply that the actions of a “very expectant interviewer” should be of a greater consideration to investors than the trust of the two incumbent CEOs of Kazera & Tectonic and their respective regulatory company updates and recent interviews. Not saying that you view/opinion is wrong, just find it a bizarre lens on investing.

The weather over in Australia is looking pretty good for next week. Fingers firmly crossed that they can finally complete this round of drilling, as planned, and rapidly progress to the next phase…

GoldJunior,

I assume it has been completed.

From recent RNSs:
10/06 Ground crew being mobilised in preparation of drilling
27/06 Tracks being cleared.
And for me the most important indication being; “ the Company has decided to extend the warrant exercise date to 30 November 2022. It is anticipated this will provide sufficient time to have the drilling completed and assays processed for reporting.” If they haven’t already drilled, the exercise date will probably be need to be extended again.

AIMHO

I agree, but also don’t underestimate the importance of the HMS licence. If/when that gets over the line; a 40% stake in a £150 million asset; Profitable within 6 months; A sale of 30%, which according to Brett, will generate around £1 million per year for Tectonic. More than enough for the companies drilling requirements. And therefore removing any need for early stage JVs or share dilution… A potential company maker on its own!

Vidaloca,

Good and timely reminder.

The interminable wait goes on… Even though the delays are generally out of the control of Tectonic; COVID, Extreme weather and the SA authorities. It doesn’t lessen the frustration. Fingers firmly crossed for potentially company making news by the end of August…

Great question. Especially considering he is by far the biggest investor in the company. Continuing to take shares, along with all the other directors, in lieu of salary…

Fiat, I totally agree.

Also as stated by Brett; with regard to the HMS - Tectonic will have 40% ownership of a £150 million asset!

Plus a further HMS licence permit has been submitted for an area 34 times larger… That’s potentially a £5.2 billion asset.

Gotta love the regular updates from the company. Another positive RNS.

For me the standout comment is:
“ Costings and implementation for a 2022 and 2023 roll-out”