Member Info for CTSFO

Do you mean JORC or JOK?

I’d be amazed if significant news is released in the next few days. The CEO gave a timeline in months regarding the infill drilling. This was just before Christmas. Late spring / early summer would be a more likely time for a RNS.

Gentlemen, I agree with that. Good point about shared resources being used.

Not argumentative! Fecking autocorrect.

StMartins, so the question is:

Buyout of ROCK before or after the IPO? Will Metlen have to wait for the full JORC dataset before proceeding? Please take this as argumentative serious point, the JORC standards are there primarily to standardize reports and protect investors. I certainly think the two companies must already be having discussions over coffee.

Allenby Capital Research Notes:

https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2024/09/20240904-Allenby-Capital-Rockfire-Resources-plc-ROCK.L-Update.pdf?c4302=on

https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2024/10/20241031-Allenby-Capital-Rockfire-Resources-plc-ROCK.L-Update.pdf?c4407=on

https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2024/12/20241218-Allenby-Capital-Rockfire-Resources-plc-ROCK.L-Update.pdf?c4496=on

“ Appendix 2: National Classification System

The following terminology and definitions are used in Australia’s National Classification System for Identified Mineral Resources.

Resource: A concentration of naturally occurring solid, liquid, or gaseous materials in or on the Earth’s crust and in such form that its economic extraction is presently or potentially (within a 20-25 year timeframe) feasible.

Identified Resource: A specific body of mineral-bearing material whose location, quantity and quality are known from specific measurements or estimates from geological evidence for which economic extraction is presently or potentially (within a 20-25 year timeframe) feasible.

To reflect degrees of geological assurance, Identified Resources can be divided into Measured Resources, Indicated Resources and Inferred Resources where Measured Resources have the most geological confidence and Inferred Resources the least. The National Classification System’s definitions for Measured, Indicated and Inferred Resources are consistent with those of the JORC Code.

Under the JORC Code, with the application of Modifying Factors and mine planning, Measured Resources can be converted into Proved Ore Reserves or Probable Ore Reserves and Indicated Resources can be converted into Probable Ore Reserves.”

We’re on our own.

https://www.independent.co.uk/news/world/americas/us-politics/trump-ukraine-war-zelensky-rant-b2701005.html

That’s an important point. All the data needs to be JORC compliant. Then it’s going to get interesting.

“ Building European capacities

The EU must strengthen its raw materials value chain, from mining to refining to processing and recycling. This will require development of national exploration, more streamlined and predictable approach to permitting procedures, as well as improved access to finance.

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Improving resilience

This pillar focuses on improving the EU’s ability to withstand disruptions in the supply chain. It will do so by increasing the monitoring capacity through stress tests, ensuring coordinated efforts for the build-up of strategic stockpiles and fostering sustainable investment and trade.”

European Critical Raw Materials Act. 2023.

Worth a read. This has become even more relevant.

https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal/green-deal-industrial-plan/european-critical-raw-materials-act_en

“ The workshop centred around a strategic approach known as "backcasting," which involves "starting with the end in mind" to achieve a fully de-risked supply chain for these critical materials by 2030. This method guided discussions as participants envisioned a future in which the EU reduces its reliance on China to zero, for gallium, germanium, and rare earth elements. These materials are used to produce permanent magnets and semiconductors, among other strategic components. These products are vital for critical sectors including defence, digital, and green industries. In turn, these sectors are vital for European prosperity, security, and economic resilience. ”

Worth a read:

https://www.iss.europa.eu/activities/event/starting-end-mind-fully-de-risked-gallium-germanium-and-rare-earth-value-chains

Looking at establishing and securing gallium and germanium supply chains in Europe by 2030.

Alastair SMITH did something similar when he was CEO of Avacta (AVCT). He laughed at the question about needing to raise money from a shareholder at a public meeting. Then shafted them with a placing.

Https://www.financial-ombudsman.org.uk/businesses/complaints-deal/investments/stocks-shares

Thank you, I missed that.

“ When is the next nws? will be summer time? this will drift?”

Tricky one to answer tbf. This is AIM, so it’s bound to drift without news. Will Rock drip feed updates or wait till it has a JORC compliant release for the entire project? I wouldn’t be surprised if Rock are having discussions behind NDAs already. I’d be surprised if a buyout was announced before JORC data was released. But very happy to be proven wrong!

The strategic importance of these reserves can’t be underestimated. If Melten don’t buy in, someone else will.

https://www.independent.co.uk/news/world/americas/us-politics/trump-zelensky-rare-earth-ukraine-russia-peace-talks-b2699905.html

Sell

And not even a reach around!