Member Info for Cacher

https://www.proactiveinvestors.co.uk/companies/news/937416/anglo-pacific-group-buy--significant--stake-in-brazilian-nickel-limited-937416.html

Good to see further director buying, following on from last week.

Very pleased with that, and todays RNS highlights the importance of the Piaui project. With an upsized royalty exercised, Piaui should initially be worth $14.5m per year to APF at roughly today's nickel price. Involvement of some big players and the backing of the US government will see this project over the line and Into production.

Interview from December's Mines and Money virtual conference

https://youtu.be/OUJ00q0YO30

TRR started at a very low base. Compared vs North American peers Trident is decent value

Interesting info regarding Pasofino progressing Dugbe. They're thinking it has the potential for a 200k+ oz per annum production profile.
APF has a 2% NSR over Dugbe

https://investors.pasofinogold.com/one-billion-nav/

Yes indeed MS. Also Lake Rebecca is being progressed by Apollo. That should be a cornerstone gold asset for TRR in the not too distant future

Absolutely Albus. Have a good Christmas yourself (and everyone else frequenting this board).

Maybe the penny is dropping with UK resource investors that royalty and streamers really are the most sensible option. Seeing a good move from TRR too today. As we know, royalty plays are the portfolio backbone of resource investors over in the US/Canada.

Yes, there's a lot to like here HermanusInclusus. Plenty of cash in the kitty for new accretive deals, and already cashflow from iron ore and copper operations . Certainly looking forward to seeing how that Koolyanobbing payment looks, given the iron ore price right now. Mimbula minimum payments kick in next year, so good visibility on that particular revenue too.

20p IPO, yes

The Central Yilgarn Iron Ore Project consists of (a) the Mt Ida magnetite deposit, where a 1.23 bn ton JORC compliant Indicated Resource of 29.79% Fe in its Central Zone, capable of beneficiation to a 66.65% concentrate, and a JORC compliant Inferred Resource of 615m tons at 28.86% in the Northern and Southern Zones, was announced by Jupiter on 8 January 2013, and (b) the Mt Mason DSO haematite deposit, where JMS announced a 5.9m ton Measured and Indicated Resource of 60.1% ore on 30 January 2012.

Red Rock has a holding in Jupiter Mines valued currently at approximately AUD 4.0m (GBP2.21m). The Company also has a 1.3% gross revenue royalty over the Mt Ida iron ore project. Anglo-Pacific Group plc has an obligation to purchase 0.45% of this royalty interest from Red Rock for $8m upon the achievement by Jupiter of certain milestones in relation to Mt Ida, namely (a) a definitive feasibility study and decision to proceed, and (b) commercial production.
Jupiter looking to spin off the iron ore vehicle in Feb/March 2021

Good to see you here RedRoy

https://www.proactiveinvestors.co.uk/companies/news/936936/trident-royalties-snaps-up-three-existing-royalties-over-pukaqaqa-copper-project-936936.html

Absolutely MS, they're good folks to have close for sure

That's a fantastic pipeline deal for Trident

Trident Royalties PLC (LON:TRR) told investors that Calidus Resources Limited’s (ASX:CAI) the Warrawoona gold project is “on-track to production”.

The project – for which Trident is acquiring a 1.5% net smelter royalty covering the ‘eastern part’ of the deposit – has successfully passed a number of important development and finance milestones, the AIM-quoted company said.

It highlighted that Calidus stated it is fully funded to start gold production at Warrawoona and it is slated to come online in early 2022.

"We are delighted to provide an update on mine development progress at the 1.5Moz Warrawoona gold project,” said Adam Davidson, Trident chief executive.

“Calidus has achieved a number of important financing and development milestones at Warrawoona subsequent to Trident announcing the acquisition of the royalty as part of a portfolio of four gold royalties on 28 August 2020.”

Davidson added: “We believe that there has been a major de-risking of Trident's investment.

“We look forward to following developments at the project as main construction commences in Q1 2021."
https://www.proactiveinvestors.co.uk/companies/news/936806/trident-royalties-delighted-amidst-progress-at-warrawoona-gold-project-936806.html

Yes Piaui is going to play a key role in APF income going forward. It's a big, strategic asset - and with the US government now involved things could well move at a rapid pace. Again, great foresight from JT

I figure that's just shy of £5m paid to APF as Q4 dividends. Someone might want to double check my generally unreliable maths.
Great news for APF, and great move from JT to increase the LIORC holding during Q1

LIORC have declared a 4th quarter dividend of $1.80/ps. That's a good increase on recent quarters