Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
1. Wapouze soil sample and rock chip results due Q2 (by end of next week)
2. Further Bibemi results due Q3
3. Tim met with IAG last week, update and drill results due anytime (although I wish they would just crack on with Fare) - estimated resources at Madina Bafe/Saroudia would be nice.
4. Tim meeting BEIG3 this week - new licenses in Cameroon with our partner
5. New Orr Subsidiary in Cameroon - even more licenses
6. Arab and Africa conference next week, both Orr and Thani Stratex in attendance. Will we get info about TSR reverse takeover/IPO? Various estimates out there regarding the value to Orr. Minimum seems £3m.
Dunno Strechum. But I’m waiting patiently. 4.6m of these. Prepared to wait until conclusion of IAGs involvement in Dalafin which could take couple years yet and I expect a sale. In the meantime I suspect a lot could happen in Cameroon. Fully expect new licenses which will have been identified by PRECASEM. It could languish here, until news. Then again, 0.5-0.6 or more wouldn’t surprise me on no news. Legacy holders wrecked the SP here and there can’t be too many left. What do you think?
Stretchum, there is lots going on.
From the recent Proactive interview we know Tim met with Iamgold last week. The first year results around Madina Bafe were consistent with Boto. This years drill of the remainder of Madina Bafe and moving out 2km to Saroudia is a much larger area, and results are due anytime. When Boto Mining license is granted, it could trigger the much anticipated sale of at least the Madina Bafe/Saroudia part of the Dalafin license to Iamgold. Although a sale of Dalafin back to Iamgold may take much longer, any update by Iamgold regarding the size of the resource would do.
This week Tim is meeting our Cameroonian partners. We know they are keen to extend their JV licenses in Cameroon. Also, ORR is setting up a subsidiary company to acquire even further licenses. We could be looking at news along the lines of the World Bank funded PRECASEM study has identified targets X,Y and Z which we have been given licenses to explore. Tim has been keen to highlight that this is why their first mover advantage is so important in Cameroon. We await a few results from Bibemi.
Today was notable for no sizeable sells like we have seen for months, considering we are well above the 0.26 low I feel that we are moving in the right direction now.
"The completion of a significant earn-in option agreement with IAMGOLD on the Dalafin Licence in March was excellent and we expect strong news flow over the coming months as the results of IAMGOLD’s drill programme come through. The potential of this deal to lead to a defined resource, and ultimately commercial mining, is very real and we believe will add significant value for our shareholders.”
Oriole Resources cryptic tweet today stating JV project located in a highly prospective gold district, surrounded by a number of depositis and mines, looking forward to 1st results from ongoing drill programmes in Dalafin, and we also know Tim is meeting IAMGOLD this week. What would be the point if the results werent already known? News soon IMO.
Nice to see the big sell mopped up. Onwards and hopefully upwards. Lets see what licenses can be picked up in Cameroon, Boto mining license should be granted soon, further Madina Bafe/Saroudia drill results late Q2/early Q3. Wapouzi results due in. Possible TSR IPO. Plenty to come.