Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
SteveHoops why would the GTK partner Karelian when all KDR spend a year is a few pence on paper exercises. GTK could have brought Lahtojoki for £50k same as KDR did years previous. You tinker along to fantasy land with Peter Pan and wait for the Prof to bait your next hook.
KDR have had a license at Lahtojoki for years!!!
Stevehoops why has their been no exploration on the pit by the current licence holder in 10 years? I believe the ponds full of water and would only need a pump to drain and then the Prof can roll up his trousers and paddle in with his bucket and spade. That would at least be a start. Complete joke!! road access and land compensation after 10 years!! The 10 years of fees and previous 10 years would add up to millions in fact probably more than that puddle would ever make if mined and if it ever was they would still earn more in fees than diamonds sold!! Look at BRD they have a real mine with real diamonds some recovered over 20carats and there a similar value to KDR who have done zero exploration on the pit in 10 years and there’s never been 1 diamond found in Finland over 1 carat in 40 years of exploration and millions spent!! So KDR doing next to no exploration well I think £15k was spent are on the cusp of something massive!!! You really believe that !!! Fancy words !! On paper excercises that cost next to nothing but take years! What have Kdr really achieved ??
Froth flotation is a process for selectively separating of hydrophobic materials from hydrophilic. This is used in mineral processing, paper recycling and waste-water treatment industries. Historically this was first used in the mining industry, where it was one of the great enabling technologies of the 20th century. It has been described as "the single most important operation used for the recovery and upgrading of sulfide ores".[1] The development of froth flotation has improved the recovery of valuable minerals, such as copper- and lead-bearing minerals. Along with mechanized mining, it has allowed the economic recovery of valuable metals from much lower grade ore than previously.
Micro x-ray fluorescence (µXRF) is an elemental analysis technique that relies on the same principles as x-ray fluorescence (XRF). Synchrotron X-rays may be used to provide elemental imaging with biological samples.[1] The spatial resolution diameter of micro x-ray fluorescence is many orders of magnitude smaller than that of conventional XRF. While a smaller excitation spot can be achieved by restricting x-ray beam using a pinhole aperture, this method blocks much of the x-ray flux which has an adverse effect on the sensitivity of trace elemental analysis.[2] Two types of x-ray optics, polycapillary and doubly curved crystal focusing optics, are able to create small focal spots of just a few micrometers in diameter. By using x-ray optics, the irradiation of the focal spot is much more intense and allows for enhanced trace element analysis and better resolution of small features. Micro x-ray fluorescence using x-ray optics has been used in applications such as forensics, small feature evaluations, elemental mapping, mineralogy, electronics, multi-layered coating analysis, micro-contamination detection, film and plating thickness,[3] biology and environment.
Yes Stevehoops the GTK have installed this for KDR who have done zero exploration. Nothing to do with attracting business from the majors all ready mining it’s all for the Professor and a flooded pit that’s been proven non economic by 2 previous operators.
I doubt even Peter Pan wouldn’t live long enough to see a return from the Professor. For those not in Fantasy Land!! Below is the actual reason for the GTK investment
Pilot plant acquires next-generation froth flotation cells
The new froth flotation cells are part of the development of GTK Mintec in Outokumpu from a conventional pilot plant towards a modern mineral processing research and development platform, being the best in the world.
Froth flotation cells are used in the enrichment of circular economy materials, as well as battery, base and industrial minerals. The technology has been used for more than 100 years. The new cells to be started in the summer of 2021 will be operated alongside with froth flotation cells that have been used since the 1980s. GTK received ERDF funding for the acquisition from the Regional Council of North Karelia.
“This investment aims to strengthen the expertise of the mineral sector as a whole. With this acquisition, we can improve and expand our ability to serve our customers in increasingly demanding research activities”, says Mika Nykänen, GTK’s Director General.
The next-generation froth flotation cells feature smart sensors and sensing elements. They enable improved monitoring and process planning in enrichment research. The modern cells respond to modern challenges in the circular economy and mining industry even better.
“Using these new froth flotation cells, our domestic and international customers can use highly modern technology in the study of battery minerals and recycled materials, among others”, says Jouko Nieminen, head of unit at GTK.
GTK Mintec’s continuously developed research infrastructure enables close cooperation with Finnish technology and measuring equipment manufacturers. The new froth flotation cells will be delivered by Metso Outotec. The delivery consists of some twenty froth flotation units and additional equipment.
“GTK and Metso Outotec work for a sustainable and competitive mining industry. We are satisfied that GTK selected Metso Outotec’s advanced froth flotation technology at its test plant”, says Stephan Kirsch, president of Metso Outotec’s Minerals business area.
Modern equipment also plays a significant part in the planning of material-efficient processes of the future when enrichment solutions are applied to diverse poor source materials. This equipment will be significant for development activities in North Karelia and Finland’s mining industry as a whole.
GTK Mintec has more than thirty years of experience in enrichment studies of minerals, metals, recycled materials and industrial side streams in Finnish and international research and development projects.
Prof deal I think was £50k for rights and further £100k if they mine.
KDR quote past exploration results from the 2 companies that previously held the licence and failed.
I don’t think KDR have done much if any exploration at all at lahtojoki. Years of pen pushing and millions in wages to try and get a mining licence granted on a flooded pit that they haven’t even drilled to see if viable. Bizarre not to prove up a resource with exploration before spending years getting a mining licence on a pit that’s had millions spent by previous companies that couldn’t attract finance with their results. For a £50k investment they have certainly done the PR to raise millions to take in fees. Was it £15k spent on exploration in the annual results? Does the Prof keep control exchanging shares for part wages owed while shareholders get massive dilution? Are KDR shareholders at 90% loss on their investment if purchased 5 years ago.
90% loss in 5 years
Millions raised yet only a few thousand spent on exploration
Yet some shareholders are still really happy with how KDR spend the millions raised
KDR have spent next to nothing and took millions in fees
It’s in black and white what this company spend on exploration in the annual report!!! Virtually Zero while taking millions in fees. They use the positive parts of past works where companies that have proven Lahtojoki is not viable and shareholders have lost everything and spin to look like it’s their own exploration. If you inverted here or CGNR at inception you’ve lost 99% of your investment but the family and friends board remain in control and millions of pounds richer. Swapping part wages for shares to keep control in the annual placings. This is the best gravy you’ll ever see it keeps pouring
No bashing Oldblue just remember out of £6mil raised £4mil in fees every fundraising you get diluted. This 4 years ago was 12.5p now 3p in 4 years lots of fundraising anc dilution to your shares and zero drilling at lahtojoki.
Rio Tinto Exploration Finland suorittaa tänä syksynä magneettisia lentomittauksia miehittämättömällä ilma-aluksella (lennokilla) Tervolan ja Tornion alueella https://t.co/rrCf81nLKV
Now Rtz are flying Drones in Finland Autumn
How successful was Kdr drone mission in Kuhmo?
Lahtojoki next?
You lot will clutch any straw. It’s on the Swedish border miles from any kimberlite
Correct Diamond Hunter
I doubt that will ever happen as it’s all paper exercises that take years and cost pennies. Look at Arctic star they did more drilling in a few weeks than KDR have done in 20 years. What points road access and local residents compensation if there is no economic mine. If past companies spending millions couldn’t prove Lahtojoki economic when drilling how are KDR when they have no plans to drill….. You drill and prove its economic first!! As European Diamonds/Mantle/Kopane spent millions doing and failed. KDR have not put a drill in the ground and are talking about opening a mine. KDR still haven’t paid the owners the agreed sum from years ago. I’d like to see the agreement as surely they could look to sell the rights elsewhere but I guess there would be no takers.
Can someone instead of jumping to the defence of the board please list:
1. Total exploration costs spent by KDR on the Lahtojoki project
2. Exploration work KDR print on Lahtojoki that was not done by either European/Mantle/Kopane
3. What work has this HB done and fees paid since joining the board
So if Previous licence owners who are leading geologists in the field did things wrong spending circa £10million how on earth are a politician and his secretary going to do better with circa £15k annual exploration budget while directors have taken circa £4 million in fees of circa £6 million that Karelian has raised from shareholders for diamond exploration. Almost Everything goes on fees with zero diamond specialists on the board
Previous mini bulk sampling of this kimberlite (approximately 1000 tonnes) in
the 1990's returned non-economic grades there’s been 3 companies spending circa 10million since the 1990s KDr average £15k a year in exploration. KDR next move will be to say they have discovered the other uneconomic kimberlite next to lahtojoki which was actually discovered in the 1990s
it is clear that the distinction between the main rock types is due to secondary alteration, and that the most important geological diamond grade control in Lahtojoki kimberlite is country rock xenolith dilution.
All the the results Kdr publish are not their findings they are from the failed efforts of the joint-venture, mantle/kopane undertook with the Lahtojoki project. Extraction of a representative 5,500 tonne bulk sample are complete and Mantle commenced the The bulk sample approximately 3,500 tonnes of surface excavated ore and 2,000 tonnes of ore recovered from a large diameter Bauer drilling rig. Mantle commissioned the construction of a 10 tonnes per hour mobile DMS plant. The project failed after half the bulk sampling results were not economically viable to gain further funding. Fast forward 13 years and KDR are pretending this is a new project with no mention of the failed efforts by more than one exploration company with much more spending power than CONroys bucket and spade