Member Info for Edgein

Looks like they've picked up yet another quality higher grade shallow gold asset for expansion drilling and are getting to work right away on. Sounds very promising for further extensions and upgrades for Molly. Now two exciting shallow gold discoveries to prove up and develop.

Regards,

Ed.

Very exciting developments for sure guys, US gov wants to support the development of Monte in the form of a grant, currently being prepared! Also very exciting comments about the flourspar/gallium, a viable mining project of significant interest! Cedric has a lot of experience in flourspar mining too! A lot already squeezed into this tiny market cap, is it about to burst out? :)

Regards,

Ed.

Morning,

Yeah its very positive to have so much of the gold at or very near surface, its the trenching that has extended the strike length of this current discovery to around 800m of near surface gold. Deepest to date is down to 100m. Great time to be discovering shallow resources. The part I particularly liked from this release was:

"The TP2 and TP3.2 zones have a resource of c.106,600 oz @ 16.65 g/t Au and c.34,600 oz @ 1.35 g/t Au respectively and are two of the six identified high priority targets along the 8km mineralised corridor. This corridor has 15+ high-grade gold occurrences and historical sampling up to 135 g/t Au."

This is only the beginning and its just the first of many gold occurrences still to drill. But first things first, lets see what the rest of the holes contain later in the month. Very good start from the trenching and drilling so far.

Regards,

Ed.

Its certainly nice to wake up on a Friday morning to some good news. Good grades, stong width in the first hole and building up as planned. 800m strike length so far is very positive for the first resource of many identified. Be interesting to see the results from the remaining holes later this month. Very methodical so far and step by step as they expand the resource. Thumbs up.

Regards,

Ed.

Nigel,

Page 12 of the EOG 2025 AGM presentation should clear things up for you:

"High quality, low risk and high reward gas ILX opportunity

• Prospects are straightforward to drill (no salt or overpressure). Approximately 2,800m

of sediment to drill and in shallow water (jack-up rig)"

Regards,

Ed.

Yeah they're going to get on the ground quickly after the major backing from the placing and proposed warrants. Interesting too were the comments of expected more Tungsten below the old workings were tungsten was commercially produced in the 1940's. Only scratched the surface of these assets. The average grade of tungsten produced globally is 0.3%, the average tungsten mine won't start from surface though! Rock chips have shown grades of 1-1.7%. Imo the best has yet to come here.

Regards,

Ed.

They sure are and this is just the surface material. Also they've found rock chips of 1-1.7% along the 1.4km proposed strike between Pine Crow and Defender. The strength of the recent raise was off the back of the trenching so that tells us all we need to know at this point. Lots and lots of 25-50m holes to look forward to. Gravity and Geophys to firm up more targets first though.

Regards,

Ed.

Regards,

Ed.

Ali,

Interesting post for sure. Makes our tiny cap look ridiculous. Hopefully the US will back the REE development funding and ultimately full project funding and get us more on US investors radar. Getting the high grade flourspar/gallium developed would put a rocket up those REE assets and we've other targets that can be drilled up.

Regards,

Ed.

Nigel,

There is plenty of contingency in $53m for a jackup well, that's more like a semisub drill cost. Like I said on here previously that TRP are planning to drill in Cameroon, not too far from EOG's licence. The well is to be drilled to around 2200-2400m so not too far off EOG's 2600m. That well has a current budget of $15m and Jeremy Asher of TRP has suggested since mob costs have come done so will the well cost. So $53m for a well of the similar depth is a lot of contingency, coincidentally the same value as the previous cluster well they talked about here in the past.

Is this reservoir likely to be HTHP at 2600m in sandstone, unlikely, hopefully very over pressure but very unlikely HTHP at that depth. Most of the HTHP wells that I've seen in the past in the North Sea etc have been 4000-6000m carbonate wells.

Nice to see folks getting the opportunity to get some cheapuns on the dip.

Regards,

Ed.

Morning,

Securing the 85% of the main licence and their language used today sounds quite positive, hopefully the assays will be as good. Fingers crossed.

Regards,

Ed.

I hope that the focus here doesn't switch too much to the fluff and not the main event. While it would have been nice to have the Cloughton meeting today and the Irish licence renewal on time etc but these are like going to a football match and spending the time watching the crowd. Hopefully we'll get an update on the approval of the EG JV this Q.

Regards,

Ed.

GG7

True, large raise with only a small discount. Check out what FCM had to do today, they only got £1m of death spiral CLN's for funding. GWMO got this raise and warrants for a substantial amount of money off the back of yesterday's discovery. Didn't think I'd be topping up so soon but added more this morning. Funding uncertainty has been removed and they sure have the assets to explore now!

Regards,

Ed.

141,

True. that's possible. To get such good grades and widths from the trenching at surface is a great start and it seems to be over a good strike length too. Who knows how deep it goes. Should be cheap for early drilling now from the current cash balance, even more trenching could come up with similar, exciting to get in early.

Regards,

Ed.

141,

SML and GMET both doing very well from their Tungsten assets, GWMO now looks remarkably cheap in comparison. The costs to drill, prove up and develop would be a fraction of that of SML with their resource at circa 400m down.

Regards,

Ed.

On reasonable volume too. Now at 2c. Makes out current 0.8p bid look a bit miserly. Fingers crossed for the assays.

Regards,

Ed.

B_P,

Exactly, that's why I bought in here months ago. Its the grade and depth, therefore low devex that got me to buy here in the first place. FDR and GEO show what happens when you chase after deep gold and expensive expo holes, I expect WSBN to make it a trio. Extensional drilling and the long term potential of 1m+ Oz makes this a good rival for the other successful companies.

Regards,

Ed.

VikR,

Interesting, as the saying goes grade is king. Not many AIM listed can compete with the historic grades here, very shallow, high grade, astronomical gold price. Certainly is the perfect storm at present. If they come close to the historic grades, let alone exceed those, it would be game on. While the likes of CORA and OMI have the widths JAN has the grades and depth in its favour.

Regards,

Ed.

CMG,

It was clearly pulled back to get this placing away. With the huge volume today its clear that most see this as the bottom ahead of the JV/licence extension update. If that lands soon then TRP receive a large cash boost from Prime vs their tiny cap.

Regards,

Ed.

42trader,

They may need big knickers to carry around all the cash. I hope they spread news out here when it comes, flourspar assays, upgraded MRE and USA REE prefeas funding. Lets see what that little lot does to the share price. Bottom feeders could soon be replaced by momentum traders. I've been picking up more, this cap is nuts for the flourspar let alone the REEs.

Regards,

Ed.

Nice to see the volume returning again ahead of the assays. With the visual gold reported form some of the cores we'll hopefully get assays similar to those historic cores. Onward and upwards.

Regards,

Ed.