Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I have been adding as and when I can. I am comfortable paying more than 10p when funds are available. Just look through the research on this board and to top it the latest tweet/news from AD Ports, Vale/Iron ore/50 million tonnes.
Exactly Marcusg, that’s the elephant in the room, where is the high grade iron ore coming from 🤔 AD ports just signed HOT with the Congo. Nguesso planned visit signing the port concession! Tick tick boom!
My goodness MM, this news flow is amazing. Talk about a smoking gun! Visits to Switzerland now, I can’t imagine their shopping for cuckoo clocks and toblerone!!!! More like high grade iron ore pellets dusted with icing .
Alwaysshoping very cool find. Adds to the narrative and shows how fast both sides are moving on this and the President off to the UAE! This is gold and its a far more compelling investment than a few years back. I know this has been said many times on here already but it will surely not be long before many of us can finally reap our rewards.
Indeed Peter, it seems there are quite a few long term holders looking in now. The research is there courtesy of MM, backing up the massive value in this asset and the global desire and absolute need for high grade iron ore. Its coming home!
That’s amazing news and a great find MM. The scramble for ZIOC’s assets has surely begun, however I would imagine a deal has already been done. Anyone wanting a sizeable chunk will be paying well over todays prices!
Looking at how fast all the pieces of the puzzle are dropping in. It wouldn’t surprise me to see some hard news very soon. Spot on with Ramadan ending MM, any major news will surely come after this and Eid.
Which would suggest to me all ducks are lined up. An RNS confirming planned development and after several auctions I can’t imagine your be able to buy much at all of size. This a more compelling buy now than a few years back!
Completely agree Marcus & JestersM, I fully welcome MM’s posts. With no functioning IR as it seems Andrew T has dropped off his perch at least we get a feel for the narrative building within the world on green steel. Carry on MM I will raise a glass of Jeremy Clarkson’s Hawkstone IPA to you and your research.
Australia’s Fortescue Metals Group has entered into a deal with the Gabonese government to mine iron ore from its project in Belinga and plans to start as soon as the second half of 2023, the company said on Wednesday.
Fortescue, the fourth-largest iron ore miner globally, is in search of high-grade iron ore to blend with its Australian product to bring it closer to that of rivals Vale SA, Rio Tinto Ltd and BHP Group.
The deal will allow it to add to its higher grade offering after ore from its Iron Bridge project in Australia comes on-line in March, the company said.
*“It is literally one of the last high grade mega deposits on the planet,”* Chief Operating Officer Dino Otranto told Reuters in an interview.
Financial terms of the deal were not disclosed.
The project will initially ramp up to 2 million tonnes a year, while Fortescue determines how much larger it could get, Otranto said.
The Belinga deposit, which Fortescue has been assessing since 2018, could *rival Guinea’s giant Simandou deposit for scale and quality*, he added.
https://www.mining.com/web/fortescue-inks-deal-for-potential-mining-start-at-gabon-project-in-h2-2023/
“Geological mapping and sampling programs have confirmed our initial thoughts that this new West African iron ore hub may well one day prove to be among the largest in the world.”
Forrest said Belinga’s geology highlights the project’s potential to “dovetail” Fortescue’s ore blends in the Pilbara.
“This emerging iron region is potentially massive,” he said. “If it fulfils its promise, it will complement our Australian operations through enhancing our blended products, extending our mine lives and opening new global markets.”
The capital estimate for Belinga’s early-stage development is approximately $US200 million ($287 million) with investment to be spent between 2023–24.