Member Info for howezap

Robert Friedland speaking at the Future Minerals Forum in Saudi on copper. But also lists Antimony as a critical mineral for the rising demand in AI tech.

Also, some incredible innovation that could replace conventional crusher and processors for new developments and even for existing operations to upgrade, by literally reducing energy consumption by 80%, one of the highest costs of a mining and processing operation.

https://youtu.be/ZiesaxJiVlk

Don’t forget the silver!

Is the silver market about see a violent rerate if this is credible, must watch.

Getting Silverking into production sooner through the drill, build and expand model has just got really interesting now.

https://youtu.be/MY9bqM_X2wM

Are we finally seeing the dawn of Xtracts rising prominence. I f****** hope so!

The “drill, build and expand model” starting with a small resource for black Angel, straight from the horses mouth as if were on perfect cue from previous post.

https://vimeo.com/1153930220

Really good interview overall.

“”Bacl Angel will need to have its recources proven up. Then a feasibility study, permitting and funding.””

Black Angel has a legacy mineral resource to build upon. As a former and quite recent operating mine with a history of production, there may already be some permits in place still and ‘not’ being a greenfied development, it will be easier to obtain the necessary permissions.

Amaroq already have an established ESG framework and a sustainability model for its current mining operations. This will favour in extending the framework for the new mining hub.

They don’t necessarily require a DFS, they have no potential funding partner to satisfy, is 100% owned by AMRQ, they could fund the re commissioning from cash flow and then use the drill, build, expand’ model that has worked for numerous mid-tier mining companies.

Along with the aquisition, they would have also inherited the extensive historic data pack, to be able to give a baseline study toward economic and geological justification to proceed, so with further targeted exploration and resource drilling over the next two seasons would very much add to that with ongoing study work, metallurgy etc.

2-3 years is in reach if there are no major environmental issues to overcome as to the potential reason why the mine was decommissioned.

Which I’m fairly sure there aren’t.

…will ‘then’ be when the financier is named subject to their DD

Check twice post once

They are now getting on with the final plant design and engineering for the site, where the site crew will be cracking on with groundwork anytime now in preparation for when construction does finally gets the go ahead, when one would assume all contracts are signed which will be when the financier is named subject to their DD

@Fronteracheckin - have a read of this from Archers substack.

https://open.substack.com/pub/thatstocksguy/p/bezant-resources-929?utm_campaign=post&utm_medium=email

I haven’t knocked MC, i am just not aware of his previous business experience. I said, “another way of looking at it.” Now who’s misrepresenting what I’m saying?

Other than stating facts about cb which are ‘not’ opinion.

We should have a look in 12 months time to see if the same 180 applies to you singing cb’s praises as you mentioned it.

I’m sure that most here believe cb is to be solely blamed for the fall in share price, then it goes without saying he should then be given full responsibility for its rise back up. That’s only fair, I think many would owe him that much. 😉

Selling kalumbila hasn’t been his only success though has it, getting $15m dollars out of Africa when he did was a bigger achievement than he gets credit for. As it is now, MMP have had to re think the sulphides plant so Fairbride can receive outsourced ore types. The reason why payment term was extended, so what does that tell you about the technical difficulties cb warned about surrounding the transitional ore metallurgy and the associated risks that xtract were not willing to take on?

There is his success in growing jubilee from explore to producer. Led their development of extracting Platinum metals PGM’s and also the decision to acquire Braemore resources giving jubilee access to its advanced refining tech to improve production. CB has referred to this as one of his best business decisions.

Could go on….

I don’t understand this rationale that a younger ceo will make things happen any quicker.

Ok CB may have legacy issues with some/many LTshareholders and those same shareholders have been the ones that have also stated cb wants to go out with a bang.

So more than any other ceo he would be sure to have ‘more’ determination to bring quick success.

Alternatively, if Martyn Churchouse were to take over which cb has mentioned as a ‘when he steps down,’ another way you could look at his appointment being a lead geologist is generally they don’t make good company bosses.

One of the main drawbacks is that geologists are primarily trained in science rather than business. Their expertise is in geology, mineralogy, and environmental science, not finance, marketing, and corporate strategy, which are ‘critical’ for running a successful company.

Geologists focus on the geological and environmental aspects of exploration and would typically overlook the associated business risks.

He may be the dogs … and have all the above but he doesn’t have a proven track record in running a business anywhere near to cb’s level of experience.

Yes that’s the way I see it,

Eldur had mentioned in the CNBC livestream they are going to develop a germanium and gallium mine by ‘27/‘28. If USA were to back this in any capacity, it still falls outside of the Gardaq jv as it lies within the western hub which is a seperate entity entirely from the Gardaq and gold projects, so is 100% owned by AMRQ plus black Angel is not a gold centric mine either. So the reference I posted in the article is totally misleading and moot in that respect if going solely by the facts in WHub RNS’s.

A hypothetical question one could ask then, is the Germanium and Gallium being solely targeted to be developed as a mine ‘wrapped’ separately under the Gardaq JV?

I really don’t see that happening, that seems daft to just give away 49%, complicated and impractical. I’m sure Eldur was just highlighting for maximum PR impact. Considering this paragraph from the ‘very same’ gallium and germanium confirmed RNS which backs my view up.

…….. with Black Angel confirmed as Amaroq’s next mine development project.Amaroq is pleased to confirm the West Greenland Hub will be 100% owned by Amaroq, separate from the Gardaq JV (Amaroq 51%), which will continue to focus on early-stage exploration activitiesThe Company also confirms that Black Angel will be advanced as a standalone mining development project and new hub for the Company.

Apologies cp was being rhetorical toward the inaccuracy of what the article suggests. Not aimed at you, I should have chosen my words better.

Just first paragraph I posted was from article 👍

“”Make what you will of it.””

From article.

The structure of this engagement is not a direct takeover, but a strategic partnership. Amaroq has established a joint venture, Gardaq, specifically designed to handle the strategic mineral assets separately from its gold operations.

The newly identified high grade strategic critical minerals germanium and gallium, the most critical that USA needs at the moment are at Black Angel.

The West Greenland Hub, home to Black Angel is 100% owned by Amaroq, ‘separate’ from the Gardaq JV (Amaroq 51%) The Company have confirmed previously that Black Angel will be advanced as a standalone mining development project and new hub for the Company.

Do I really need to point out the obvious.

As I mentioned, until any firm agreements are set to help fund developments to accelerate growth. “They can only do the things that they can control.”

So for Eldur to comment on Black Angel mine being operational again in ‘27/‘28 shows either, real naivety and typical CEO spiel bigging up one of its assets. Or, displaying a real conviction and demonstrating how progressively they are approaching the re commissioning of the mine.

What I have seen of Eldur, I believe it to be the latter. So for me, that particular comment really stood out. Be good also, to get a further quote from Eddie Wyvill on what they need to demonstrate resource wise and how they are moving toward that goal.

But fully understand the greater significance of the wider global interest and ongoing negotiations with AMRQ, not to take anything away from that.

See where you are coming from centralcashier, but ultimately is just the AMRQ PR machine starting to crank up. Is still speculative, so once anything more material comes from these negotiations, it is not considered as price sensitive so there is no obligation under listing rules to report.

If ‘speculation,’ would for instance cause adverse trading or price volatility in a sell off, then a company would typically address those concerns directly in RNS to re assure the market. But otherwise, just roll with it until a really big more worthy news bomb actually lands.

I don’t see fast tracking as being in the sense of just the word ‘fast.’ The point is not about a rigid timeframe that should be set, but more to do with the shift away from what is considered as ‘normal’ project evolution through resource development toward feasibility and onto detailed mine planning, project funding and then development phase.

XTr will still be progressing along those traditional lines concurrently, but taking advantage of the high copper price now, could mean XTr can keep far more of project NPV when a funding solution is needed for building a big plant later on. Than if it were to just go down the exploration and resource development route.

So by going down the small scale route, it will ‘fast track’ mining and processing, due to a far less complex process in obtaining their permissions including the much shorter time scale involved as a small plant does ‘not’ require a feasibility study or JORC to support a funding solution.

The small mine is being developed without a feasibility study.

As stated SK currently only has a non compliant resource and they are compiling an in house estimate.

Uk on open should be interesting. Big correction due to keep in line with Canada. Trading around £1.24 eq

With the fast tracking of small scale mining at Silverking, this in turn could see Kakuyu coming into play sooner as well to supply additional feed for SK plant.

Kakuyu has already had a detailed assessment and inventory of the ore stockpiles already on the ROM pad ready for grade control and blending with mett test work already been carried out too, all stated in RNS so it’s as good as ready to be trucked away off site for processing if all is well.

Work has already been done pushing back the existing Kakuyu open pit ramp access to gain easier access and to expose further ROM feed to keep it going. Again RNS’d

The 250t bulk sample delivered to the Kabwe Refinery for sampling ahead of negotiations for future toll processing may not be the route to go down now if XTr will have its own plant soon. Just the matter of when and what size plant this ore would augment SK production.