Member Info for GraphiteTech

That relates to investment companies;

https://www.lseg.com/sites/default/files/content/documents/aim/2018/January/AIM_Rules_for_Companies_January_2018.pdf

This will be an operating company when it returns.

Buko think you are wrong on that bud.

For those who appear to piecing the bits together here we go;

The assets I believe consist of six projects three in Armenia and three in Kyrgyzatan.

I named them earlier but it seems to have got lost in the chat.

Different parties all connected own different % of those plays.

Antos in not the only big hitter involved.

This could easily become a mid-tier Armenian focused gold play.

The value will be if they look after existing equity valuation wise within the RTO.

Bear in mind Antos who despite being a wealthy man would not give anything away has been buying stock and is now involved in the last placing that kind of answers the question.

Think this is the real deal folks.

Needs some patience mind but dig a bit and see what you find

Kyrgystan--

April Gold Mine
Amangold
Chonkaindi

Armenia

Lusadjur
Right Bank
Azatek
Sofi Bina.

Quite a lot of the shiny stuff and other associated metals.

That raise funds the RTO.

Antos now involved directly with current board.

RTO now imminent.

And it is the assets we know about.

Plus a few more.

Really healthy back test and a very strong volume reversal on the buy side = bullish

It won’t. Needs some give in the valuation.

That will make it attractive.

Can’t be RTO at full value.

Balancing act.

Also owns or is connected/controls other projects in Armenia and that area.

If you look at scridb you can find all the assets that are connected in a list.

Some very very tasty projects including the one I detail in depth below.

Worth a considerable amount.

Lot needed though to bring all the ducks into line I suspect but a real asset with value.

Thats the main project the 'concert party' behind AG has been trying to float this last few years.

This time they appear to look like they want control of the shell prior to the move with Anton buying in advance.

That project is worth similar to the US company whose link I posted earlier.

pt 4

esources and Reserves

In 1974 the following reserves of the deposit were approved by the Central
Committee of Reserves of the Ministry of Non-Ferrous Metallurgy (Protocol
933 of 13.03.74):

1974 Reserves
Contained Metal
Category Ore (kt) Sb(t) Pb(kt) Au(kg) Ag(t)
B + C1 1,512 27,707
C2 3,036 73,564
C1 863 20.5 4,224
B + C1 963 983 303.6
Original (1974) Azatek Resource

In 1997 a new 'reserve' was approved by the State Territorial Commission of
Geological Department of Armenia. These data are also referred to in the
25-year licence issued to ARMANYAK LLC in 2005. The licence has an approved
reserve of 6.8Mt and permits an annual production of 300kt.

1977 Reserves Contained Metal
Category Ore (kt) Au (kg) Au (oz) Ag (t) Cu (t) Pb (t) Zn (t)
C1 2,842 7,601 244,378 157.6 5,300
- -
C2 3,976 9,879 317,617 236.0 7,900
37,200 18,800
C1 + C2 6,818 17,480 561,995 393.6 13,200
37,200 18,800
Average Grade n/a 2.6g/t 2.6g/t 55.43g/t 0.19% 0.55% 0.28%
Latest (1977) Azatek Resource

Pt 3

Geology and Mineralisation

The geology of the Azatek region comprises volcanogenic and
volcanogenic-sedimentary units with post Eocene granitic intrusions,
diorite porphyry dykes and diabase. Along the contact zones of the
intrusive and Eocene units, 'dendritic' quartz-biotite-sericite,
quartz-biotite tourmaline hornfels and secondary quartz were formed.

The deposit lies within an anticlinal fold, with a northeast strike axis
and shallow limbs dipping between 15 and 25°. The structure also features
localised mineralisation at the juncture of intrusive margins, structural
displacements and vein structures.

Large scale faulting (5 to 20m wide) passes to the north of the deposit
along an axis of another anticline fold. The fault surface dips steeply at
an angle of 70 to 85°. A second series of faults, with similar
characteristics, is traced to the east and strikes at 310-320° with a
sub-vertical plunge of 85-88°. The primary vein structures at Azatek dip
steeply at 75 to 85° with an attitude of approximately 155°. Numerous
secondary veins form a dendritic network of secant veins that are generally
inconsistent and irregular forming a stockwork-like formation.

Along strike the veins are traced from 20-30m to between 1,000 and 2,000m,
with a width of between 1.2 and 1.5m and up to 3.0m at its widest. This
variation in thickness may suggest boudinage structures as a result of post
intrusive deformation. In addition to the 'main' mineralised veins a
secondary series of interstitial veins are present but do not constitute
part of the resource. There is thought to be a vertical zonation whereby
the presence of Cu and Au increases with depth.

Part 2

* Completion of duplicate/in-fill drilling as required by the geological
consultants (local drilling contractor to be appointed)

An initial estimate for the proposed 1Mtpa processing plant is some US$
40million. Based on an initial metallurgical assessment, it is envisaged
that a twin stream plant will be constructed, possibly on a modular basis.

ADDITIONAL INFORMATION

The topography and terrain at Azatek restricted the use of surface drilling
so the mineralised zones at Azatek were explored from the surface by
trenches, clearings and shafts at an average interval of 40m down to the
Arpa River. A comprehensive underground system of adits and cross cuts was
developed, with the adits tending to run across the mineralised structures.
The total thickness of the mineralised zones was estimated from cross-cuts
which were driven from the adits at 30-40m intervals.

The lower horizons of the deposit (below the level of the Arpa River) were
explored with boreholes drilled in profiles across strike of the
mineralised zones. Several inclined boreholes were usually drilled from the
same point to intersect the mineralised zones at different depth.

A summary of the exploration work carried out at Azatek since 1951 follows.

Department of Geology of Armenian SSR
(1951-67) Geological Department Exploration Trust
1968-1972 1972-1977 1978-1980 1981-1994
Item Unit Total for 1951-1994 Prospecting Stage Prospecting Stage Sb
Exploration Au Exploration Detailed Au Exploration
Trench tm3 93.8 48.2 - 14.0 16.6 15.0
Drill Holes m 6,446 4,482 - 265 723 976
Adits m 50,025 9,290 6,581 1,560 6,358 13,242
Core Drilling m 116,148 2,331 16,166 30,768 167 50,184
Scope and Type of Exploration Undertaken at Azatek (1951-1994)

he Azatek Project

The 2km2 Azatek licence area is centred in the valley of the Arpa River
near the town of Vayk in the Vayots Dzor Marz administrative district. The
licence area has been extensively drilled and sampled and hosts a vein
system with a C1+C2 reserve of 560,000 oz gold and 12.65 million oz of
silver, plus base metal credits and antimony. On a gold equivalent basis,
this equates to about 1.7 million oz. Vayk is small town with good access
by road and basic infrastructure, including power, water and gas. The 130km
journey to the deposit from Yerevan takes approximately 2.5hrs on the
tarred and well maintained route that leads to Azerbaijan.

History and Scope of the Deposit

The Azatek deposit was originally explored as an antimony and lead deposit.
By 1955 it had been confirmed that the deposit was polymetallic with gold
and silver present in all the ore bodies, albeit with relatively low gold
grades. Until 1974 the deposit was further investigated for antimony, lead,
gold and silver. Thereafter exploration was focused solely on gold, silver
and copper.

The Mining Licence hosts a C1+C2 ore reserve of 6.8 million tonnes, with
average grades of 2.6g/t gold, 55.43g/t silver, 0.19% copper, 0.55% lead,
0.28% zinc. Four distinct ore types have been identified. Antimony grades
of about 2% occur in two of the ore bodies. Metallurgical test work has
indicated recoveries of about 84% for gold, 90% for silver and 97% for
antimony. The economic viability of producing a base metals concentrate
will be evaluated.

Azatek Development Plan

The development of the project will be managed by AAM, assisted by an
experienced local team which is based in Yerevan. A number of the local
professional staff have been involved in the project for many years and
were involved in the exploration drilling and geological work. Linatex
Limited and mining equipment suppliers that are part of the Sistema Group,
will be involved in an EPCM contract to develop the mine, supply process
equipment and construct the processing plant. The company believes that,
by forming an early close working relationship with these companies, the
project can be fast tracked to production with significant saving on
capital equipment.

In broad terms, the programme for the development of the Azatek deposit
entails the following:
* A review of existing geological data and design of in-fill/duplicate
sampling programme to define a JORC-compliant resource estimate for the
deposit (Wardell Armstrong International has been appointed to do this
work)
* A review of existing metallurgical data and further metallurgical test
work to determine best process route and preparation of pre-feasibility
engineering study (GBM Minerals Engineering Consultants appointed)
* Preparation of an environmental impact assessment and base-line
environmental report (Digby Wells & Associates appointed)

Azatek Mine had an inferred resource of 1.7m oz gold ten years ago, more work happened since.

Likely much larger now.

Licence in place for 25 years from 2005.

Do a bit of digging on the Applegarth, cannot point you any harder in the right direction.

Developing a decent project in Armenia.

http://www.globalgoldcorp.com/docs/20171000-GGC-Corporate-Presentation.pdf

$475m mcap.

You are getting closer Applegarth but the post I made earlier is a tad more direct.

Regarding newly discovered reserves, in 1997, the Armenian State Commission for Mineral Reserves confirmed 17 metric tons (t) of gold reserves at the Azatek lode deposit 140 kilometers east of Yerevan. The lode reportedly also contains 400 t of silver, 13,500 t of copper, and small quantities of antimony, lead, and zinc. Azatek was the first gold field to have its reserves confirmed by the State Commission that was established in 1993, although there are reportedly larger gold lodes in the country. The State Commission had confirmed reserves at 28 new industrial minerals deposits and listed additional reserves at the Zod gold lode deposit (Interfax Mining and Metals Report, 1998b).

Sorry 17tn lol.

Try researching the Azatek Mine in Armenia. 17mt of gold.

Your first thoughts are correct.

Don’t go off tangent.

Akh’pehres Jan Applegarth.

https://m.youtube.com/watch?v=ntG50eXbBtc