Member Info for goneawol

https://www.investegate.co.uk/tectonic-gold-plc--ttau-/prn/financial-report-for-the-year-ended-30-june/20221228070000P0799/

From Kazera’s rns today,

Update on Walviskop Heavy Mineral Sands project

In South Africa, the Company is pleased to announce that it has comfortably exceeded its target of producing 1,000 tons of bulk Heavy Mineral Sands at the Walviskop mine by the end of 2022, and has already built up a stockpile of almost 5,000 tons. Offtake discussions are well advanced with three different parties, all of whom have expressed interest in buying the bulk product with a view to entering into a contract in the future to purchase the product in the form of refined minerals, which attract a premium price.

https://twitter.com/KazeraGlobalInv/status/1602320753126408192?t=_5LJv0OR40pO3NGhpZHS_Q&s=19

They were knocked out in the group stage
https://twitter.com/AquisStockEx/status/1597554395641573377

Subscribers under the September 2020 fundraising received a warrant on a
one-for-one basis whereby each warrant entitled the holder to subscribe for a
new Ordinary share at 1.4p per share at any time prior to the expiry of 30 days
after the Company publishes the results of its drilling programme (the "Drill
Warrants"). These expire 30 November 2022. The Company recognises that these
warrants are out of the money, however as there is no current need for
liquidity, the warrants will not be extended.

COMPLETION OF DRILLING AND DRILL WARRANT NOTICE

Tectonic Gold plc (TDIM: TTAU), the Intrusive related Gold System exploration
company, is pleased to announce completion of the drilling campaign at the
Specimen Hill project in Queensland, Australia.

Highlights:

* 350m deep diamond core below Goldsmith's Reef completed, intersecting
bullseye geophysical target below high-grade historic mine.
* Ideal conditions enabled a second 180m deep hole to be completed
intersecting an adjacent geophysical target.
* Selected mineralised core samples were split and prepared on site for
assay, prior to demobilisation.
* Assays pending.
* Joint venture discussions to be pursued.
* Tectonic will be participating in the VSA Capital - Aquis Investor Showcase
29th November.

Dangerous weather forced our Goldsmiths Reef campaign to be suspended in
January 2022. At the time we were completing a critical final hole in the
campaign, but had less than 200m of a planned 350m deep hole Drilled.
Mineralisation in the last ten meters returned assays of up to 8.17g.t Au in
narrow 1m wide veins which we were eager to follow up on.

Goldsmith's Reef is a high-grade historic mine that was in small scale
operation prior to World War I. Tectonic used advanced geophysical surveillance
technology to map the depth extension of the known mineralisation at surface,
This identified a potential source zone for the gold. The 350m deep hole was
designed to intersect the extension of the mineralised zone below the old
workings and test the potential source zone.

Geophysical testing also identified a secondary proximal target at 180m depth.
With ideal drilling conditions over the last few weeks, we were able to drill
and test this second zone as well.

In-field geological analysis has confirmed multiple intersections of
mineralisation from these two holes and sample lengths of core have already
been prepared for assay. Results will be reported as soon as possible, subject
to laboratory testing availability.

The Company expects to have sufficient information from the completion of this
campaign to support joint venture discussions for the further development of
the Specimen Hill project. During the last two drilling campaigns the Company
hosted a number of large gold producers on site and shared technical with a
view to partnering on the development of Specimen Hill. These discussions will
be renewed with additional potential partners also invited to look at the
upgraded technical information package. Progress will be reported when
appropriate.

Not necessarily a sale, just the sale process.
The announcement on 22 November was... '(Condor) has appointed Hannam and Partners to seek a buyer for the assets of the Company'. I assume if a buyer is not found during this process, we will go to plan b. If there is one.

We will have in-field geological analysis completed in time for the VSA Capital - Aquis Investor Showcase on the 29th of November and look forward to sharing the news then. Please join us via the link below.”

https://www.eventbrite.co.uk/e/the-vsa-capital-aquis-showcase-event-tickets-430890363677

This link to our website will take you to our gallery and a picture of our diamond rig arriving on site at the Specimen Hill project to complete the campaign suspended due to storms and flooding in Queensland in January 2022

https://www.tectonicgold.com/gallery-3?pgid=ks8lm863-7329420f-196e-4bea-8c22-eb68c243645a

This link is to a picture of the rig in action coring a hole below Goldsmith’s Reef targeting a geophysical bullseye anomaly at circa 250m depth.

https://www.tectonicgold.com/gallery-3?pgid=ks8lm863-6b0a0f3e-fffc-4e35-b9a7-85d4f11f94bc

Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold System (“IRGS”) explorer, is pleased to report the recommencement of drilling at the Company’s flagship Specimen Hill project in Queensland, Australia, on the high grade Goldsmiths Reef mine.

Highlights:

350m deep diamond core at Goldsmith’s Reef to be completed, targeting bullseye geophysical target below high-grade historic mine.
Assays returned grades of 8.17g/t Au over 1m in distal veins in the last ten meters before the hole was suspended due to bad weather
The primary target zone is at 200m+
Expect to complete drilling in two weeks with assays reported shortly thereafter
Will provide further updates at the VSA Capital – Aquis Investor Showcase on 29th November.
Mr. Brett Boynton, Managing Director – Tectonic Gold Plc

“Field reconnaissance during September confirmed the ground conditions were suitable to remobilise, however a general shortage of rigs delayed our restart until earlier this week. We began drilling yesterday and with a week of good weather forecast we expect to complete this final hole left over from the 2021 campaign and have samples off to the lab for assay in the next two weeks.

This is an exciting hole for the Company as we are chasing the extension of a known high-grade system that has been mined close to surface. The intersection of narrow, high-grade, veins just before we were forced to suspend the campaign is very encouraging. These veins are presenting at about 110m, well before the target zone and we hope to see convergence of these distal veins as we close in on the target zone.

This is a relatively quick campaign and we expect to have assays back within weeks of the completion.

These results will fill out our data package for discussions with potential joint venture partners and the recent corporate activity on the gold sector is encouraging.

https://www.londonstockexchange.com/news-article/market-news/remobilisation-drilling-update/15717314

https://www.thisismoney.co.uk/money/investing/article-11393351/amp/MIDAS-SHARE-TIPS-Spies-seas-profits-hunting-pirates-SRT.html

Art, have you seen the drilling update of 20 October?

'FCM he gave away at a discount, as there were no takers at 12 /13. Here just keeps raising and giving away more and more warrants'

gemgee you seem confused. FCM wasn't spun out of POW, it wasn't PJ's to 'give away'.

.... talking to Condor next week.
https://twitter.com/CruxInvestor/status/1585938024323584002

"Has amc stated clearly this is capital return THANKS FOR LINK BUT THIS ISNT ANSWERED"

No, nothing has been confirmed either way.

It could be a dividend or a return of capital - 'Amur are looking at how to structure the payment to reduce tax for the majority of shareholders.'
https://youtu.be/SyXP-IPer6c?t=443

Align Research...
http://www.alignresearch.co.uk/tectonic-gold/tectonic-gold-drilling-to-restart-at-the-specimen-hill-project-and-cracking-assay-results-revealed/

With images.. https://mma.prnewswire.com/media/1900834/2022_09_20_Drilling_Update_Revised.pdf

https://www.londonstockexchange.com/news-article/market-news/queensland-copper-gold-campaign-update/15635423

Mr. Brett Boynton, Managing Director – Tectonic Gold Plc

“We are very pleased to have the Mining Permit finalised and are looking forward to seeing this project brought into production. We worked closely with Kazera and our local BEE partners to achieve this outcome and it is a great example of local and international partners creating opportunity in South Africa in the mining industry. This project complements our existing diamond mining joint venture on the South African Government diamond mining site and offers the opportunity to grow into a multi-generational strategic minerals project for the region.

Tectonic retains a 10% non-diluting equity interest from the previous sale of 60% of Whale Head to Kazera. In addition, Tectonic has sold 30% to a consortium of local BEE partners, with this sale to be funded over time from a share of the profits. The BEE syndicate includes entities controlled by Dr Gil Mahlati, a well-known South African business leader who has been appointed Chairman of Whale Head and Dr Dempsey Naidoo, also a high profile South African businessman. Dr Naidoo had a successful career with Anglo American, leading its Mineral Sands business before moving on to build one of the most successful engineering groups in Africa. He has also been appointed to the Board of Whale Head. These partners bring significant profile to what we expect to become a major project for the regional economy.

The initial £150 million valuation of the project does not include the neighbouring beach area which is under permit application. This much larger area provides upside to the project once the Whale Head beach zone is brought into production.

Mining of mineral sands in this area has historically been precluded by diamond mining activity and the necessity for strict security protocols around those operations. Despite the site being a well-established mining operation with almost 100 years of diamond mining history, the mineral sands have not been exploited. Whale Head will now mine high grade HMS zones with simultaneous diamond extraction in a first of its kind operation for the site.

The alluvial sands containing the diamonds and HMS are mined using dredging and digging equipment and processed using water and gravity separation. It is an environmentally friendly operation with no explosives or processing chemicals. The project will offer a range of job creation opportunities on site and in support.

It is anticipated that Whale Head will start operations and sell a concentrate until on site processing facilities have been built. This will likely be in partnership with a major international mineral sands production and sales group.

This is a great outcome for the Alexander Bay community as we will now see new economic development and it is a great outcome for our partners and shareholders.”