Member Info for Damers

40p pre Crimbo is fast becoming a possibility.

Https://www.mining.com/solgold-sets-2026-start-for-early-works-at-cascabel/

I will keep it brief ijr1 / thomsk for non-related reasons.

The signing of the CIPA is very big news (as addicknt noted below) and will propel the SP + 20% to 30% IMO.

Also, there is a consensus amongst several holders that bigger things are going on in the background .

Maybe a corporate event of note.

ATB.

Congrats to the LTH's who are now coming into profit.

IMO today's news is just a side show for game changing news to land over the next three weeks.

GLA.

50p in the short term & up to double that if this goes on for another year or so……

Leaky, leaky.

…..and still no AGM RNS. Good news IMO.

An interesting article thanks Pbow.

You do spout some nonsense medi.

Share capital & voting rights update end of October

Radio silence from Solgold towers over the last couple of months

Explore Co kicked into the long grass

AGM delayed

CIPA seemingly in the bag

TAM (unofficially) a goer

Just maybe significant news is on the way.

GLA.

Good posts thanks Padmaster - FN's sub-level caving note is of particular interest.

Are they looking at mining a greater percentage of the resource (inc lower grades) at Alpala and extracting it quicker? If so, the DFS is going to be mind blowing.

ATB.

after reviewing the technical documentation and administrative procedures, enami recommended proceeding with the process under the modality called best economic bid and ascending auction, with solaris as the first bidder.

interested companies must submit bids for all defined areas; bids for individual sections are not permitted. the deadline for submitting proposals is december 12.

since the closure of the mining registry in 2018, trade agreements have become a mechanism to boost investment in mining exploration in ecuador.

between september 2023 and may 2024, enami signed agreements with the canadian company barrick mining corp, hanrine, the local subsidiary of the australian company han**** prospecting, and solaris resources.

these partnerships envision a joint investment of approximately us$170 million for exploration activities across a total area of ​​110,000 hectares, distributed in zones of high geological potential. however, neither the government nor the companies have publicly reported on the current status of these agreements or the progress of the committed exploration activities.

ecuador, which currently has only two large-scale mines in operation – fruta del norte (gold) and mirador (copper) – aspires to position itself as a relevant player in the regional mining sector.

its location in the andean copper belt gives it favorable geological conditions, but to achieve this goal it will have to overcome structural challenges such as the opposition of some activist groups and indigenous communities, the high turnover of officials in the public mining sector and the absence of long-term state policies that guarantee stability and promote investment.

president daniel noboa has announced that he plans to reopen the mining registry for medium and large-scale mining in 2026.

In the event of findings of interest in the explored areas, companies may request the transfer of these areas if they are in an advanced exploration stage, paying financial compensation to Enami, provided that there is an asset valuation.

The process guidelines include 12 competitive areas that, together, cover 39,994 hectares in the province of Morona Santiago, distributed among the cantons of San Juan Bosco, Limón Indanza, Santiago, Morona and Limón.

Last February, the Canadian company Solaris Resources submitted a letter of intent to Enami to carry out exploration activities in the 12 areas, with a proposed minimum investment of US$25 million, equivalent to an average of US$625 per hectare.

Solaris owns the US$3.7 billion Warintza project in Ecuador, also located in the province of Morona Santiago, which is in an advanced exploration stage.

According to mining authorities, the amount offered by Solaris for the 12 areas being auctioned is within the reference investment range established for the first four years of exploration in the central-southern zone of the country.

Ecuadorian state mining company Enami EP announced the opening of a public tender for the signing of commercial agreements for mining exploration in the Amazon region.

The call is part of the alliance model that the company promotes with private actors, through which it can exercise its preferential right over mining concessions without losing ownership or rights over the areas involved.

The commercial agreements stipulate that interested private companies must assume the investment, the execution of exploration activities and the operational risks, while Enami EP retains strategic control of the assets.

I see the Ministry of Natural resources continues to publicise our work. The Ministry of Natural Resources is an executive-department of the State Council of the People's Republic of China.

https://news.metal.com/newscontent/103622651/Drilling-Progress-at-the-Tandayama-Ame-Copper-Mine-in-Ecuador

Yep PS - with TAM MRE on the way, which will boost the numbers.

Great publicity all the same

Latest presentation (TAM & Alpala) = 30Moz

6. Siembra Minera

Stage: Prefeasibility/Scoping

Siembra Minera in Venezuela ranks sixth with 26.82moz of gold. The project is owned by Siembra Minera, a joint venture of Gold Reserve (55%) and the Venezuelan government (45%). Last year, Gold Reserve raised $36 million to advance the copper-gold project in Bolivar state.

7. La Colosa

Stage: Prefeasibility/Scoping

AngloGold Ashanti’s La Colosa project in Colombia ranks seventh with 23.35moz. The project has faced local opposition, and has been under force majeure since the Tenth Administrative Court of Ibagué ratified a mining ban in Colombia’s Cajamarca municipality, upholding the result of a 2017 referendum.

8. Filo del Sol

Stage: Prefeasibility/Scoping

The Filo del Sol project, straddling the international border between Chile and Argentina has 22.3moz of metal. It was acquired this year by BHP and Lundin Mining. Filo del Sol was previously held by Canada’s Filo Corp., which had advanced the project to a pre-feasibility stage based only on the oxide resources at surface.

9. Pascua-Lama

Stage: Advanced Exploration

Barrick’s beleaguered Pascua Lama project in Chile has 21.87moz of contained gold. Environmental issues plagued the project, and Barrick has to spend $136 million shutting down Pascua-Lama after a Chilean court ordered its “total and definitive” closure.

10. Cascabel

Stage: Feasibility Started

SolGold’s Cascabel project in Ecuador is number 10 with 21.80moz of contained metal. The company this year moved its tax domicile to Switzerland as it pushes the project into development. Cascabel is backed by some of the biggest names in the industry, including BHP and Newmont.

1. Pebble

Stage: Prefeasibility/Scoping

Coming in No.1 is Northern Dynasty Minerals’ Pebble project with 69.84 million ounces (moz) of contained metal. The project has been stalled for over a decade due to its location near the Bristol Bay watershed in Alaska. Its fate remains up in the air amid a legal battle over the US Environmental Protection Agency’s ability to veto the project.

2. Olympic Dam

Stage: Expansion

Olympic Dam is number two, with 65.6moz of gold. BHP’s copper, gold and uranium complex in South Australia is set for a significant expansion in the coming years. BHP plans to invest A$840 million on a series of growth projects to tap into other deposit areas. It is also host to one of the top copper-producing mines in the world.

3. Grasberg

Stage: Operating

In third spot is the Grasberg gold-copper mine, situated in the Sudirman Mountain Range with 54moz of gold. Operated by Freeport McMoRan, the mine grabbed headlines this year for a deadly accident at its largest underground deposit that sent the copper industry into a supply panic. Part of Grasberg remains under long-term development, such as the Kucing Liar orebody, and the earlier-stage Dom deposit.

4. KSM

Stage: Prefeasibility/Scoping

Seabridge Gold’s Kerr-Sulphurets-Mitchell (KSM) is in fourth place with 41.40moz of contained metal. The project in British Columbia has been federally approved for a decade but delayed over ESG issues. KSM is also involved in a legal dispute between its operator Seabridge and a neighbouring explorer, Tudor Gold.

5. Donlin

Stage: Contruction/Planning

Donlin, the second Alaska project to make the list, ranks number five with 40moz of metal. Mining giant Barrick (TSX: ABX; NYSE: B) previously held a 50% interest in the project, but sold its stake to partner Novagold Resources (TSX: NG) and US hedge fund billionaire John Paulson earlier this year. The new owner is eyeing a new feasibility study in 2027