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V.SAE
Sable Discovers New Structures at Fierro Bajo with Samples
up to 2,611 g/t AgEq (1,880 g/t Ag; 0.23% Cu; 21.09% Pb; 0.51% Zn)
PR Newswire 35 minutes ago
https://stockhouse.com/news/press-releases/2021/07/21/sable-discovers-new-structures-at-fierro-bajo-with-samples-up-to-2-611-g-t-ageq
$SFR Sandfire Resources 21 July 2021
Updated Mineral Resource for A4 #Copper-#Silver Deposit
Sandfire delivers 34% increase in contained copper at satelite A4 at MOTHEO
https://asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02397318
British Bowleven, New Age team up on Etinde gas project
Page 15
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British oil and gas operator Bowleven
announced on January 25 this year
that its compatriot company and
partner on the Etinde gas project in
Cameroon -New Age- has received
formal approvals to apply for a
new exploitation agreement for the
license.
«We are pleased to announce that following a constructive dialog between
the Etinde Joint-Venture partners
(Bowleven, New Age and Russian
Lukoil, ed) and SNH (Cameroon’s
national oil corporation), the authorization to apply for a replacement
Etinde Exploitation Agreement has
been granted. This is very positive
news for the Etinde development, as
it essentially eliminates the possibility of the Government of Cameroon
withdrawing the Etinde license from
the JV partners, following the end
of the initial six-year development
implementation period in January
2021,” commented Bowleven CEO Eli
Chahin.
The replacement deal covers the production of hydrocarbons including
the delivery of gas to thermal power
plants or any other project confirmed by the State. The JV partners
hope they will be able, thanks to this
new agreement, to identify sufficient
reserves to make an investment
decision in 2021, thus producing
and marketing natural gas after new
exploration campaigns.
This project is also of interest to
Victoria Oil & Gas (VOG), the parent
company of Gaz du Cameroun
(GDC), which has set up the
country’s first natural gas processing
unit on the outskirts of Cameroon’s
economic capital. On February 5,
2020, VOG signed a «non-binding
letter of intent» with the holders of
the Etinde project. With this LoI,
VOG will source natural gas from
the 2,316 km2 covered by the project,
which could well become the third
operational gas field in Cameroon,
after Kribi and Logbaba
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British oil & gas firm VOG raises over CFA4 billion to
reinforce its position in the local natural gas market
Page 14
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Electric utility ENEO settles commercial dispute with Gaz du Cameroun
with a XAF2.7 bln settlement
Page 55
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Reinforcement steel: Threatened by massive imports, local
manufacturers (the 3 Metafrique Cameroon Sarl, Aciéries du
Cameroun and Prometal namely ) demand a quota
in public infrastructure projects ---Page 11
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https://www.businessincameroon.com/pdf/BC101.pdf
Courtesy of Tremonti17 <> on Hot copper
War-Chested for Life After DeGrussa
Key Points
The copper bull run has continued subsequent to our cessation of coverage of SFR in Oct’20:
Copper prices have appreciated by 41% from US$3.06/lb to US$4.30/lb;
A record high of US$4.90/lb was reached in May’21;
Limited ASX exposure to copper production has been magnified;
We have lifted our LT copper price forecast to US$3.50/lb (prev. US$3.00/lb);
SFR has adjacently progressed the development of its Tshukudu Operations:
The Nov’20 DFS for the T3 Project outlines avg. annual Cu in concentrate production of 31kt over a >12 year mine life;
A Maiden MRE for the A4 deposit has been delineated at 6.5Mt at 1.5% Cu for 100kt of contained Cu;
Initial upfront investment has been approved for the planned expansion of Motheo Production Hub capacity to 5.2mtpa;
We model the following on our current commodity price deck:
An uplift in cash and liquid investments to $622m as at Jul’21 (implied EV of ~A$630m);
FY22 free cash contribution of A$415m from DeGrussa on our assumed copper price of US$4.00/lb;
NPV8of A$3.14/sh for Tshukudu, assuming an expansion in Motheo Production Hub capacity to 5.2mtpa from FY25;
Our SOTP valuation increases by 36% to A$12.54/sh at spot commodity prices;
We see multiple catalysts for a rerating of the stock in the near term:
Award of the T3 Mining License;
Jun’21 quarterly result and Annual Report;
Maiden Indicated Resource for the A4 deposit;
Motheo Expansion Project exploration results;
Maiden Old Highway JORC Rsc and Scoping Study;
Potential resolution of Black Butte legal challenges;
M&A activity;
We Re-Initiate Coverage with a Buy rating and Price Target of $10.00/sh.
https://hotcopper.com.au/threads/ann-degrussa-operations-ore-reserve-and-mineral-resource-update.6111905/
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Macquarie valuation note
Courtesy of BrassTacks1 on Hot Copper
Botswana gets the green light
https://hotcopper.com.au/threads/macquarie-valuation-note.6152264/
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$SFR 07/07/2021
Sandfire secures Mining Licence for #Motheo #Copper Mine
https://asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02392932
#TshukuduExploration
@MiningBotswana
#Kalahari #Copperbelt
$MTR.L #MTR $MTR.AX
@metaltigerplc
V.PGZ.
Pan Global Drills Further Wide Copper-Tin Intercepts with High Grades from near Surface at Escacena Project, Southern Spain
Newsfile 59 minutes ago
Highlights include:
30.0m at 1.0% CuEq (0.50% Cu, 0.14% Sn, 2.1g/t Ag, 0.01g/t Au) from 19.5m in LRD45, including;
14.4m at 1.7% CuEq (0.83% Cu, 0.27% Sn, 3.2g/t Ag, 0.011g/t Au) from 23.1m
14.7m at 1.38% CuEq (1.24% Cu, 5.8g/t Ag, 0.03g/t Au) from 33.6m in LRD58, including;
7.65m at 2.38% CuEq (2.17% Cu, 10g/t Ag, 0.04g/t Au) from 34.6m
46.5m at 0.73% CuEq (0.50% Cu, 0.05% Sn, 3g/t Ag, 0.01g/t Au) from 33m in LRD55, including;
7.35m at 1.37% CuEq (1.06% Cu, 0.06% Sn, 5g/t Ag, 0.012% Co) from 42m, and
4m at 1.29% CuEq (0.93% Cu, 0.08% Sn, 5g/t Ag, 0.012% Co) from 56m
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2021) - Pan Global Resources Inc. (TSXV:
"Company") is very pleased to announce that drilling continues to expand the La Romana copper target at the Escacena
Project with significant near surface high grade intercepts of copper and tin mineralization. La Romana is located approximately 6km southwest of the former Aznalcollar open pit mine and approximately 15km west of the Las Cruces copper mine, in the Iberian Pyrite Belt, southern Spain.
Tim Moody, Pan Global President and CEO states: "The new drill holes at La Romana continue to deliver some excellent results with near surface high-grades over wide intervals, including additional supergene enrichment style mineralization. Step-out holes in the west have extended the strike length of the mineralization to more than 800m and remains wide open. Results for 21 additional drill holes are pending and drilling is continuing. We fully expect to further expand the area of mineralization with the ongoing program."
https://stockhouse.com/news/press-releases/2021/07/06/pan-global-drills-further-wide-copper-tin-intercepts-with-high-grades-from-near
Freeport CEO Sees 'Extraordinarily Strong' Copper Market
https://t.co/QVJM9Bjfzt?amp=1
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Gianni Kovacevic
@GianniKov
Watch “Keynote: Wire & Cable Manufacturers 2021” on #Vimeo
https://t.co/0v7NBNZdEf?amp=1
30 June 2021
Victoria Oil & Gas Plc
("VOG" or "the Company")
Result of Annual General Meeting ("AGM")
Victoria Oil & Gas Plc, is pleased to announce that, at the AGM of the Company held this morning, all of the resolutions that were proposed in the Notice of Annual General Meeting were duly passed.
A poll was held on each of the resolutions and was passed by the required majority. Resolutions 1 to 4 were passed as ordinary resolutions and Resolution 5 was passed as a special resolution. The results of the poll were as follows:
https://www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/result-of-annual-general-meeting/202106301338526910D/
A$13.2m Sale Agreement Executed
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02389009
Electricity: municipalities in three regions of Cameroon in the dark because of yet another failure on the transport network
(Business in Cameroon) - Since the morning of June 28, 2021, several municipalities in the Littoral region (in particular the economic capital of Cameroon), the South-West and the West, have been deprived of electricity. This galley began the day before in Douala, the economic capital, after a new failure in the transport network. But, underlines the electrician Eneo, the concessionaire of the public electricity service in Cameroon, the energy had been restored after 10 p.m., thanks to " the drop in demand and a reconfiguration of the transport structures ".
But, “ since this morning (June 28), a combination of this transport incident and the rise in demand are increasing the constraints on the distribution network. Thus, several localities in the communes of Douala (…), the South-West and the West are subject to rationing ”, informs Eneo in an official press release, specifying that the company is awaiting information from of the National Electricity Transport Company (Sonatrel).
“ Eneo has not been authorized to make investments in this segment since 2012, and the transport network suffers from under-investment. This may explain the congestion and the upsurge in major incidents. Since 2012, we have also submitted to the public authorities a master plan for the period 2012-2025 in which all the needs for new investments in transport were expressed ”, explained Eric Mansuy, CEO of Eneo, in an interview with Investir au Cameroon in April 2021.
Indeed, incidents on the electricity transmission network, the management of which is now the responsibility of Sonatrel, have been more and more recurrent for several months. Since the start of 2021, we learn from authorized sources, this network has even collapsed twice, plunging most of the country into darkness. These multiple outages, to which must be added the regular load shedding, following work to strengthen the distribution network carried out by Eneo, seem to have wiped out the effects of the investments made in the construction of energy infrastructure in the country since 2012.
This situation, detrimental to economic activities in the country, has become all the more worrying as all the players in the electricity sector in Cameroon (government and concessionaire) have been called upon to explain themselves to the deputies since this morning of the 28th. June 2021, as part of a “ special plenary session of the National Assembly ”.
https://www.investiraucameroun.com/energie/2806-16566-des-communes-de-trois-regions-du-cameroun-prive-d-electricite-a-cause-d-une-enieme-panne-sur-le-reseau-de-transport
26/02/2021 · Gas will be the strongest-growing fossil fuel and will increase by 0.9 percent from 2020 to 2035. It is the only fossil fuel expected to grow beyond 2030, peaking in 2037. From 2035 to 2050, gas demand will decline by 0.4 percent.
https://www.mckinsey.com/industries/oil-and-gas/our-insights/global-gas-outlook-to-2050
Clarke Energy
DOUALA, REPUBLIC OF CAMEROON-February 29 2016-GE’s Distributed Power business (NYSE: GE) today announced that U.K.-based Clarke Energy, GE’s new authorized distributor of Jenbacher gas engines in Cameroon, is supplying a 1.4-megawatt (MW) J420 Jenbacher gas engine to Flour Mill SCTB s.a. (Societe Camerounaise de Transformation du Blé S.A.) to provide more reliable, cost-effective, on-site power for the company’s mills in the city of Douala. The project marks the first Jenbacher gas engine order in Cameroon for Clarke Energy.
https://www.clarke-energy.com/2016/sctb-selects-clarke-energy-to-supply-first-jenbacher-gas-engine-order-in-cameroon/
https://www.gazducameroun.com/our-clients/
Clarke Energy and INNIO Jenbacher powering new Pasta factory in Cameroon
(CLARKE ENERGY) - Clarke Energy and INNIO Jenbacher are delighted to announce the successful commissioning of a high-efficiency INNIO Jenbacher gas engine to power a new Pasta factory in Cameroon. The natural gas-fuelled J320 engine installed is now delivering a resilient on- site power supply to the manufacturing facility, based in Douala.
https://www.businessincameroon.com/energy/2506-11718-clarke-energy-and-innio-jenbacher-powering-new-pasta-factory-in-cameroon
Newsfile 1 hour ago
AUL
Aurelius Expands Multiple High Grade Gold Zones at Aureus East and Provides Summary of Phase 1 Drill Program
https://stockhouse.com/news/press-releases/2021/06/24/aurelius-expands-multiple-high-grade-gold-zones-at-aureus-east-and-provides
Annual General Meeting 2021 Update on Arrangements
https://www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/annual-general-meeting-2021-update-on-arrangements/202106241113330137D/
Business in Cameroon) - According to the services of the Unity Palace, the President of the Republic, Paul Biya, and the Nigerian investor Aliko Dangote, boss of the Dangote group, owner of a cement production plant in Douala in Cameroon, “ discussed new investment opportunities in Cameroon ”.
“ We are established in Cameroon a few years ago and we will continue our investments not only in the cement sector, but also in oil and gas and other fields. I believe that it was a very good meeting with the President of the Republic ”, declared, at the end of this hearing held on June 23, the first fortune of Africa (approximately 6,547.7 billion FCFA according to Forbes , more than the budget of Cameroon in 2021, Editor's note). Without further details.
In addition, the Nigerian investor appreciated more generally “the facilities” which are granted to investors. In this regard, he welcomed the support given to him by the President of the Republic and the Cameroonian government during the installation of its cement plant in Douala between 2011 and 2015, the year of official opening.
“ This meeting also gave me the opportunity to say thank you to the president, who showed us that he is on the side of investors. And this encourages us to invest more in Cameroon . Aliko Dangote added.
Cameroon is in the top 3 of the most successful African subsidiaries of the Nigerian cement manufacturer Dangote. According to data from the multinational, out of total sales on the Cameroonian market estimated at 3.5 million tonnes, Dangote Cameroon sold 1.3 million tonnes of cement in 2020, up 17.2% compared to the previous year. fiscal year 2019.
https://www.investiraucameroun.com/economie/2406-16553-apres-le-ciment-le-nigerian-aliko-dangote-annonce-des-investissements-dans-le-petrole-et-le-gaz-au-cameroun
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https://www.gazducameroun.com/our-clients/
courtesy of @chrisjparrish
2h
$SFR
@SandfireResLtd
With stunning grades of up to 61.6% #Copper at A4 in the #Kalahari #Copperbelt the market awaits an updated Mineral Resource which Sandfire expected in this June Quarter.The upper A4 deposit is so far known as shallow, higher grade than T3, + easy access $MTR
https://pbs.twimg.com/media/E4n1nfTWYAASuhs?format=jpg&name=small
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https://t.co/yirHmX5NkO?amp=1
@CobreLimited
$CBE listed as the "TOP PICK" of stocks that presented at the recent Mining 121 Conference held last week (16th-18th June) #copper #drilling #Botswana #exploration #drilling #asx
https://pbs.twimg.com/media/E4d2Ii_UYAMg6-j?format=jpg&name=small
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$LCL LOS CERROS 22 June 2021
Tesorito hits 36m @ 3.31g/t Au at surface in 378m intercept
https://asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02386667
$MTR.L #MTR $MTR.AX
@metaltigerplc
https://loscerros.com.au
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British oil firm Victoria Oil & Gas (VOG), the parent company of Gaz du Cameroun (GDC), announces that it recently raised $7.5 million (over XAF4 billion) thanks to a facility agreement with Meridian Capital. The funds will finance drilling operations on the Matanda license, adjoining the Logbaba gas fields GDC is currently exploiting in the Littoral region, in Cameroon.
"We are delighted and appreciative that our major shareholder is backing our efforts to resolve legacy issues and increase our working capital. The use of such funds includes helping us progress our very prospective Matanda license,” commented Roy Kelly, CEO of VOG.
VOG and its subsidiary announced exploration works on this license in 2020. In July 2020, the gas potential of the 1,235 km2 Matanda block was upgraded to 1,196 billion metric cubes.
In November 2020, it obtained a 1-year extension of its license on this block. This license is 75% owned by GDC and 25% by Afex Global Limited. According to the production-sharing contract, National Hydrocarbons Corporation (SNH) will receive a 25% stake in the project once a production license is issued.
https://www.businessincameroon.com/energy/1806-11692-vog-raises-over-xaf4-bln-for-the-development-of-the-matanda-block
SAU Southern Gold 18 June 2021
Drilling at Nettle Zone Commences and Field Update
https://asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02385814