Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Orosur Mining Inc. ("Orosur" or the "Company") (TSXV/AIM:OMI), the minerals explorer and developer operating in Colombia, Argentina and Brazil, announces that Brad George, the Company's Chief Executive Officer, will be presenting at an investor webinar on Thursday, 26th October 2023 at 5:30pm (UK time).
The purpose of the webinar is to discuss the Company’s move into lithium exploration in Nigeria, through a joint venture with Jurassic Mines Ltd., and how this sits alongside exploration and development activities elsewhere in the portfolio.
The webinar, which will be hosted by the Company's Joint Broker, Turner Pope Investments, is open to existing and prospective investors. There will be a Q&A session for investors after the presentation and questions can be submitted pre-event as part of the registration process.
You can register for the event by using the following link:
Orosur Mining - Webinar hosted by Turner Pope
Please find a link below to the latest Corporate presentation with Graham Lyon Executive Chairman and CFO Garry Dempster presenting :
https://app.frame.io/reviews/f6b20b4a-df4a-46d7-bc2a-756dc9661245/61a86e21-0071-45f8-be8b-db11db32091a
Orosur Mining* (OMI LN) 2.3p, Mkt Cap £3.4m – JV Agreement in Nigeria for lithium pegmatite exploration
• Orosur announces its recent decision to begin lithium exploration in Nigeria.
• The Company has signed an exploration JV with a Nigerian company Jurassic Mines.
• Orosur holds the right to earn up to 70% equity in the Project via two phases:
o Phase 1 – the Orosur subsidiary can earn 51% equity via a $3m spend over three years
o Phase 2 – An additional $2m investment will take the Orosur ownership to 70% equity.
• Over the past 12 months, Orosur has been leveraging its management’s relations in Nigeria to acquire several interests in Nigeria’s lithium pegmatite districts.
• The Group has mobilised a team of geologists to begin preliminary reconnaissance work immediately.
• The Project currently covers 322km2 over four licences on Nigeria’s primary pegmatite belt.
• The prospects lie over lithostructural corridors with known lithium pegmatite mineralisation on a regional scale.
• A wide-scale mapping programme in 2018 by the Nigerian Ministry of Mines and Steel Development has highlighted the substantial lithium pegmatite potential in country, with a dominance of pegmatites noted in the south.
• Nigeria is supportive of the development of a larger mining industry as it looks to diversify its economy’s reliance on oil production.
• The Company believes that its target areas bear similarities to the prolific pegmatite fields in northeastern Brazil.
• Artisanal miners currently exploit lithium-bearing minerals in Nigeria for high-value gemstones and tantalum.
Conclusion: This is an exciting time for Orosur as it expands its exploration portfolio to Nigeria, adding lithium prospectivity to its current suite of tin and precious metals assets in South America. Nigeria is relatively untapped for lithium, despite the swathes of pegmatites.We note Thor Explorations’ recent lithium discoveries in the south-west, where initial drill results recorded results including 11m @ 2.61% Li20 and 9m @ 2.42% Li20. We look forward to further updates from Orosur as they waste no time in beginning preliminary reconnaissance work before more targeted exploration programmes.
Brad discusses todays RNS and gives additional background on the Lithium Nigerian JV agreement :
https://youtu.be/5kNIh50YaF4
Sound Energy is entering a critical phase of corporate activity as it looks to complete the funding for Phase 2 of the Tendrara development project (75% WI) in Morocco. We also expect the Company to issue further operational updates in 4Q23 on the ongoing execution of the Phase 1 micro-LNG project, with first gas due in 1H24. We update our financial forecasts and NAV for recent corporate updates and reiterate our BUY rating and 4.6p/share target price.
Https://www.malcysblog.com/2023/10/oil-price-angus-petrofac-reabold-and-finally/
This is a very good update from Angus with better than expected production and estimated revenues of £6.3m for the Quarter also beat targets. Excellent operating efficiency which again beat the whisper and the liquids number was good.
With the numbers continuing to beat targets Angus is operationally in good shape, and the news that the refinancing is ‘well advanced’ is also good news. I remain very happy with Angus and am impressed with the way management has seamlessly continued.
Angus Energy (ANGS LN) 0.67p, Market Cap £29m: Production update
• Angus announced average 3Q23 volumes up 16% q/q to ~8.3mmcf/d and condensate production averaging 160b/d, with 90% operational efficiency from the Saltfleetby gas field (100% WI), generating $6.3m revenues.
• The B07T production well has continued to clean up, now returning only minor quantities of drilling fluid solids, and construction and commissioning of a permanent flowline planned this month.
• Angus commented that work on the previously announced global refinance of the Company's debt is well advanced, with a new reservoir model and production forecasts in the process of being finalized for lenders.
A positive update that is broadly in line with the CPR forecasts, which had estimated a P90 target of ~10mmcf/d for the plateau rate of flow from all three wells on the Saltfleetby field after clean-up. Following a transformational 2022 for Angus and the delivery of sales gas volume growth in 2023, management is now focused on refinancing the Company’s existing debt in order to pursue expansions at Saltfleetby in production and storage.
Https://www.londonstockexchange.com/news-article/market-news/launch-of-primary-bid-offer/16147529
Flagstaff TV: Rick Guiney, MicroSalt - YouTube
Https://www.hindustantimes.com/lifestyle/health/indians-are-eating-too-much-salt-and-its-quite-harmful-experts-on-what-to-eat-and-avoid-for-reducing-intake-101695900100178.html
https://www.straitstimes.com/singapore/s-pore-to-study-regulatory-measures-to-reduce-sodium-in-food-ong-ye-kung
https://www.health.com/adults-with-hypertension-unaware-7974191
Graham Lyon discusses Interims announced this morning :
https://youtu.be/te_69vlM9mc
This has been a crucial and highly successful interim for Sound even though like the proverbial swan a great deal of the action is going on under the water. With Phase 1 seeing ‘steady progress’ on the operational side as well as hopefully finding a potential partner and of course removing the tax claim much has been done. And of course as Graham Lyon says above the funding for Phase 2 has been laid out.
With all that having been done now they are turning to a fair bit of closing, in the Calvalley deal, Phase 2 FID and it is also good to see that receivables are all in and revenues are due next year. We know that Morocco is moving heaven and earth to ensure the project succeeds and when it does the share price can only increase substantially.
Https://www.who.int/news-room/fact-sheets/detail/salt-reduction