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Today's news Bellevue confirms Commercial production and expansion !!!
Incredible news here for MILA
07 MAY, 2024
Bellevue declares commercial production, launches expansion studies
After declaring commercial production at its namesake gold project in Western Australia, Bellevue Gold (ASX:BGL) has launched a number of expansion studies to further boost its output.
During the March quarter, production at the Bellevue Project totalled 37,338 ounces of gold, putting the company on track to achieve its guidance of 75,000 to 85,000 ounces of gold for the six months to 30 June 2024.
Bellevue, which has a market capitalisation of $1.97 billion, will publish its FY25 production and cost guidance as part of a maiden multi-year outlook in July 2024, upon completing the budget and life-of-mine planning activities.
The expansion studies now underway are focused on expanding the Bellevue’s plant beyond its current capacity of 1 million tonnes per annum (Mtpa).
A scoping-level study has begun on a plant expansion to 1.5Mtpa, which will investigate capital requirements for the expansion and include non-processing infrastructure.
Bellevue says the study is expected to be completed in the first half of 2025.
“As well as increasing production and cashflow, this would enable us to leverage existing infrastructure, drive further economies of scale and unlock greater value from our exceptional high-grade orebody,” Managing Director Darren Stralow says.
The plant was designed to enable throughput capacity to be increased from 1Mtpa to 1.2Mtpa, with no material capital expenditure required.
To confirm this, Bellevue says the plant was operated at an annualised throughput rate of 1.2Mt for a week during February. The company found no material issues arose, which provided confidence that this rate can be achieved on a consistent basis.
The Bellevue Gold Project is a high-grade gold project in Australia with a global resource of 3.1 million ounces @ 9.9 grams per tonne of gold.
Bellevue Gold is a gold-focused company that strives to be a net-zero gold producer by 2026.
Write to Aaliyah Rogan at Mining.com.au
Liontown Soil Sampling Programme was underway on 28 March ... presumably is complete now an awaiting assay results.
Just imagine if they find Lithium AND Gold!
News due in any day!!!
Warrants at 2p and 4.8p from previous placings expiring late 2025 must be a target here. Plus 2p warrants from the CLNs expiring in 2027.
What a bargain with Lion Town resources drilling it, any gold grades found this will rocket!!
still 40% discoount on placing price!!
Expectation is this revisits 2-3p. Settles there b4 climbing higher. Reason: mcap is ridiculously low but lithium & gold assets are in tier 1 Australia. Also JV with bil$ liontown. Cashed up too
Look at the maps and gold grades in this RNS from MILA: https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Liontown-Completes-Drone-Survey-at-Kathleen-Valley/93260928
It’s got multi bagger written all over it imo.
Very nice indeed.
Perhaps we will have a fight on our hands between Liontown and Bellevue Gold! talk about prime postcode..
We're talking both gold AND lithium in a global tier jurisdiction in Aus and the JV partner Liontown which is huge is the one paying for it. Forget the 40% to the placing price.
When a discovery is announced it should really be a quick 335% from here.
So the JV partner Liontown Resources market capitalisation is $2.82billion and not long ago it was double this.
The large gold discover yat Bellevue Gold right next to MILA: https://twitter.com/power_thompson/status/1770817023162949769
Bellevue Gold market cap is $2.31billion.
Mila market cap £3mil.
Time to increase my holding here....
Look at the maps and gold grades in this RNS from MILA: hTTps://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Liontown-Completes-Drone-Survey-at-Kathleen-Valley/93260928
It’s got multi bagger written all over it imo.
Very nice indeed.
Perhaps we will have a fight on our hands between Liontown and Bellevue Gold! talk about prime postcode..
You do know that Eric has mentioned that there will be a trading update this month.
Look at the comments on Linked in under GenFlow
So expect more rises to come as Eric has known to deliver good news.
There seems to be off loading going on and it still seems that there is an active seller here
When was that presentation released MM ?
It does seem like the CEO of GENFLOW does not seem to care about his shareholders, shame really as the science seems to be the future.
But
Why is the share price sitting just over a penny - it just does not make sense
He needs to be replaced by someone who has investors interests at heart and someone seasoned who can promote the science and the company to institutional investors.
Eric Leire seems to have gone to sleep- wakey wakey Eric where is the news and updates ?
No worries at all as all good.
hTTps://www.starenergygroupplc.com/about-us/board-of-directors/
Take a look at the pedigree and background of the STAR ENERGY team.... Looking forward to the Share Price moving up towards 50p and beyond in the not so distant.
Certainly seems one of the best stocks to be invested in for many multiple returns on your investment.....
Happy Xmas to you all :))
When you think that companies like egdon resources which had just over 250 boepd was sold to petrichor for £26.6m in may of this year and europa oil and gas, which currently has production of 265 bopd, has a mcap of £11m and are both onshore Uk Producers, it just goes to show how undervalued STAR is
after all, STAR has eight times the production levels of the above two companies and yet has a mcap at the same level as europa and at the same level egdon was before it was sold - egdon surged 85% on news of the takeover.
45p is not an undemanding level for star to move back to.
If any of you look at IGAS which was the name that STAR originally had and take a look at the share graph
Then take into account the distressed seller(s)
The share price is only beginning it's move upwards.
With the latest valuation report from the brokers at 60p odd and the incoming news flow 50p min is not out of the question here imo.
The share price had exceeded past the £1.00 mark during the fracking news and the distressed seller(s) taking it to single digits - with the change of name from IGAS to STAR Energy and change of plan, this share has been truly battered down to shoddy levels.
The drill news and incoming newsflow incoming will make this share flavour of the month and hopefully 2024
Don't leave it too late as the share is off radar due to the name change
Good luck
News just 2 days ago and investors are latching on
Canaccord Genuity said Star's recent updates highlighted the progress made across its "diverse UK onshore oil and gas production base" and in the Croatian geothermal business.
Over the past year, Canaccord said Star has turned around "a declining UK production profile" for the first time in many years, through a combination of greater focus on incremental low-cost enhancements to well performance and significantly improved surface facilities efficiencies and uptime.
"That has clearly borne fruit over the past 12+ months, and we think there is plenty of scope to maintain that elevated performance at least over the next few years. That is important because while the company sees longer-term growth through its geothermal businesses, it is the UK conventional hydrocarbons that provide the backbone of cashflow in the nearer-term," said Canaccord.
The Canadian bank thinks the progress made by Star in the UK and in Croatia was "substantial", and certainly not reflected in its recent market performance. However, the analysts trimmed their risked NPV10 target price to reflect the slow pace of progress of the UK geothermal business but still think the company's valuation footing has "improved significantly" over the past year.
The share price is not making any sense here as it should be a lot higher......If the seller is out which certainly looks like it....The share price will accrue institutional interest going forwards and mop up the slack shares available on the market......
Can we see this over £1.00 again ?
Well 50p would be a great start and is highly probable i'd say...... Lots of incoming news and drill results on the horizon coupled with the recent appointment makes STAR ENERGY one of my multi multi baggers for 2024
Stonking Buy at these levels imo.....
The operation is likely to continue for approximately one month, with results expected by late January 2024, on schedule with the planned work programme.
The proposed plant would connect into the Ernestinovo HOPS substation - a major substation with 400kV transmission lines to the national grid, Hungary, Serbia and Bosnia, and local distribution lines at 110 kV and 85kV - and sell electricity on either a market premium arrangement (CfD) or bilaterally.
Drill Rig Mobilised to Ernestinovo Licence, Croatia
Star Energy (AIM:STAR) is pleased to announce that a drill rig has been mobilised to a recently constructed well pad on its Ernestinovo Licence in Eastern Croatia, three months after the acquisition of its Croatian Geothermal interests. The rig will re-enter the Ernestinovo-3 well to test the geothermal potential of the fractured metamorphic pre-Cenozoic formation.
Crosco is conducting the well re-entry programme. They are a highly experienced Croatian based international drilling company and have conducted the successful re-entry of a number of wells in country.
The operation is likely to continue for approximately one month, with results expected by late January 2024, on schedule with the planned work programme.
Commenting, CEO Chris Hopkinson, said:
"We are excited to begin the well re-entry on Ernestinovo-3. The speed with which we have constructed a well pad and commenced this operation demonstrates both the expertise of our local partners and the efficiency of the Croatian regulators. The Ernestinovo licence has excellent data from three deep exploration wells drilled in the 1980s and would suggest high temperatures and flow rates are achievable from this well. Our UK and Croatian teams are working closely to ensure a successful operation."
The Ernestinovo Development Project
Based on preliminary heat reserves and well productivity estimates, the Company's internal assessment forecasts the potential for a first phase development of a 10 MW electricity generation plant utilising five to six wells producing and re-injecting geothermal brine.
The proposed plant would connect into the Ernestinovo HOPS substation - a major substation with 400kV transmission lines to the national grid, Hungary, Serbia and Bosnia, and local distribution lines at 110 kV and 85kV - and sell electricity on either a market premium arrangement (CfD) or bilaterally.
Can anyone confirm if the today's HSBC holding notification confirms them selling out or just an update to their current position / interest in STAR ENERGY ?
Thanks in advance