Member Info for Gixxer-600

19th Dec 2022

Further Plans

Now that the maiden Ascot Prospect Mineral Resource has been estimated and the Racecourse Prospect Mineral Resource updated with all the Phase 2 drilling data, Xtract has again contracted independent consultants Optimal Mining Solutions (Pty) Ltd to update the Bushranger Project open pit mining study. The update to the open pit mining study will examine the economics of a 25Mtpa open pit mining operation extracting both the Ascot and Racecourse Mineral Resources. Xtract estimates that the update to the open pit mining study will be completed early in 2023. Following the updating of the open pit mining study, Xtract will determine the optimum way to further advance the Bushranger Project and advise shareholders and the market early in 2023 of the Company's plans for the Project.

>> Xtract will determine the optimum way to further advance the Bushranger Project and advise shareholders and the market early in 2023 of the Company's plans for the Project. - Bird stated, verbally so sack of salt required, there would be more drilling based off the results/guidance of the open pit mining study.....

After listening to so many of the roast "interviews" on many of CBs companies, its clear to me that the roast boys are nothing more than CBs "head of public relations". Couldn't agree more A4444.

I was recently been removed from the Roasts Telegram forum for responding to a question 'Would you invest in another CB company' - I, surprise surprise, responded no and gave reasons based on my experience here which were around Bird's failure to meet deadlines and over exuberance (misunderstandings) RE:2MT in the bag.

I asked them why on the GLR forum and they claimed ignorance....Perhaps it was Bird himself! Either way seems they are only interested in rampy comments there which I guess is fair enough considering they are probably pulling in $$ from CB (us)...

A4444 buying up the company!

Someone still determined to bail no matter the SP.....

Was thinking the same A4444

I don't think there can be an RNS until early Feb due to Bird's buy...

A4444 hoovering them up again!

True BM, some larger trades coming in now though

No 'big' buys also really - I think there would be a lot more if there was a positive leak re: mine viability

Is my statement that cryptic ZM?? - That Bird was aware of who was selling and when it would likely end....

Observation. Is it a coincidence, and I might be tempting fate here, that the 'continual' ~200/250k seller we've seen over that last few months left the building around the time Bird bought in?

Junior Mining Network

Nickel Creek Platinum
Kincora Copper commences new phase of drilling at the brownfield Trundle project
Drilling Commenced Australia
TSX.V: KCC
www.kincoracopper.com
Mr. Sam Spring reports:

High impact drilling has commenced at the Dunn's North prospect following up shallow ore grade mineralisation:
10m @ 1.99g/t gold and 0.12% copper from 36m (end of hole 48m) interpreted to have drilled short and on the margin of an associated untested porphyry complex 1
Current phase of drilling at the Trundle project will test 5 adjacent system and separate large scale porphyry targets across an existing 3.2km mineralised strike
Follows up open ore grades at three shallow and one deeper target, the latter supported by the NSW Government's New Frontiers Exploration grants program for a designed 1100m hole testing the porphyry source of the emerging Southern Extension Zone skarn discovery 2
Program will comprised ~3350m of diamond drilling, continue into mid 2Q'2023, with first assays expected March 2023
Trundle is the only brownfield project held by a listed junior in Australia's foremost porphyry belt and is located within the same mineralized complex as Australia's second largest porphyry mine (endowment 24Moz gold equivalent) 3
MELBOURNE, Australia, Jan. 19, 2023 /CNW/ - Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Company) is pleased to announce the commencement of drilling at the Dunn's North prospect situated at the brownfield Trundle project, located in the Macquarie Arc of the Lachlan Fold Belt (LFB) in NSW, Australia.

John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, commented:

"Drilling at Dunn's North will for the first time follow up shallow ore grade mineralisation, 10 metres @ 1.99 g/t gold and 0.12% copper from only 36 metres, returned above and on the margin of significant, untested, coincident magnetic and Induced Polarisation (IP) geophysical features. The target is a larger porphyry deposit responsible for that ore grade mineralisation and the geophysical features.

The Dunn's North prospect is the first to be tested of five high conviction, standalone, large-scale, new porphyry discovery opportunities that are scheduled to be drilled during this program at Trundle. This conviction is underpinned by strong geological vectors and complementary geophysics identified in our recent extensive technical reviews."

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/759-tsx-venture/kcc/134629-kincora-commences-new-phase-of-drilling-at-the-brownfield-trundle-project.html

Agreed - It's been uncanny at times how close Iceberg has been with his predictions re:RC - I think most on this board hold him/his knowledge of porphyry systems in high regard.

And don't forget - Bird himself is on record saying he'd 'tell em where to stick it' if AA offered 10p!

Shame there's no student version (Most companies used to do that back in my uni days) I'd quite like a crack at it...

If anyone wants to 'geek out'. How to design an open pit using the software Optimal use:

https://www.deswik.com/product-detail/deswik-cad/

https://www.youtube.com/watch?v=dS_b6XLw2Xw&ab_channel=SmartMinero

Interesting video here of the process used to map out the theoretical mine development process.

' Optimal Mining are experts in the completion of life-of-mine projects and feasibility studies. We can take a basic geological model and turn it into a fully scheduled, haulage modelled, optimised and rehabilitated mine plan.'

https://www.optimalminingsolutions.com/demos

Optimal Mining is the company XTR are using to carry out the BR mine feasibility studies.

Barrick CEO Mark Bristow: We do not have enough copper to ensure green-energy goals

US passing a bill releasing a lot of money for 'clean-energy'

' One thing about clean energy is you need a lot of copper' - 'We don't have enough copper to support being a greener planet'

Going to have to go out and find more.....Well.... :)

Get on the blower to Barrick

https://www.youtube.com/watch?v=l6ZOX_Yjxsk&ab_channel=CNBCTelevision

M&A rebound
Barrick’s Bristow said the precious metals sector requires “considerable consolidation” in the near term, but “no more stupid M&As.” Declining output and old assets make smart investments hard to come by, but he expects the industry will get acquisitive.

The world’s second-biggest gold producer will be focused on “the junior part of the market” this year “where it fits with our exploration focus,” he said on Dec. 28.

Meanwhile, copper miners are headed for a round of deal-making in advance of rising long-term demand for the wiring metal.

“We’ve seen for the first time in a long time M&A start to pick up and personally I think that theme is going to continue,” Lundin’s Rockandel said. “A lot of the big companies are talking about the challenges of finding more copper and wanting to grow their production.

CB: ?

12-Jan-23 10:32:15 1.78 1,000,000 Buy* 1.70 1.80 17.80k