Member Info for kieffy

Drilling results and Maiden resource followed by MDCP, G buying opportunity.

Yes, the formal grant of Mining Lease M25/389 is officially imminent. Executive tracking from Oracle Power PLC and Riversgold confirms a clear legal runway with zero remaining regulatory obstructions blocking the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) from issuing the final seal.The critical elements keeping the lease on short-notice countdown include:1. Zero Legal Hurdles RemainingObjections Eliminated: The joint venture successfully settled all outstanding native title and administrative objections out of court.Clean Title: Lawyers have advanced the cleared tenement straight to the desk of the WA mining registrar for formal gazettal.2. Synchronization with the Finished MDCPApproval Match: Government protocol dictates that the final lease conditions match the parameters laid out in the Mine Development and Closure Plan (MDCP).Data Logged: Because the geotechnical diamond core drilling, hydrology bores, and heritage clearances are wrapped up, the final text of the MDCP is being lodged simultaneously to trigger the joint lease-and-permit approval.3. Immediate Triggers for MEGA ResourcesThe precise day the lease status flips from "Application" to "Granted" on the WA public registry, the operational countdown ends:Fleet Mobilization: MEGA Resources is authorized to legally cross the tenement boundary with its staged earthmoving fleet.Production Targets: Ground-breaking will immediately initiate the starter-pit civil works to hit the joint venture's goal of hauling first gold oxide ore to a regional toll mill later this year.

The Final Obstacle for the MDCP: This drilling is the final critical input required to finish and submit the formal Mine Development and Closure Plan (MDCP) to the Western Australian regulators.

Riversgold and its joint-venture partners have collected the core data required for a Maiden Mineral Resource Estimate (MRE)

Value

Despite Apollo Hill carrying an NPV of nearly A$1 billion, Saturn Metals trades at a market capitalisation of ~A$245 million to A$308 million. This valuation gap is standard in Western Australian mining; the market heavily discounts explorers due to the A$400M+ capital expenditure requirement needed to construct the processing

Strategic Takeaway for Oracle Power (ORCP)Because Oracle Power’s Northern Zone features an identical geology and an even larger conceptual Exploration Target (2.5 to 4.8 Moz), the project uses Apollo Hill to validate its viability. However, Oracle's model avoids Saturn Metals' A$400M infrastructure risk by using MEGA Resources to fund development and trucking the ore straight to existing regional mills.

As of January 15, 2026, Riversgold is in a trading halt pending the announcement of material exploration results. These results are expected to incorporate data from the late-2025 vertical drilling programs directly into the final maiden MRE and mine planning for 2026.

Interesting read.

https://discoveryalert.com.au/news/bhp-strategic-calm-mining-consolidation-2025/

BHP's M&A Philosophy

Despite the Anglo American pursuit, BHP remains generally skeptical of large-scale acquisitions. Industry analysis suggests that once a mining company exceeds approximately $10 billion in market capitalization, increased scale alone doesn't necessarily translate to improved market multiples.

This perspective helps explain BHP's preference for organic growth and targeted smaller acquisitions over transformative deals. The company appears focused on creating value through operational excellence and strategic investments rather than merely increasing its size.

We all see things so clear and forget what the companies position is, Still an eploration company with risk attached, wait and see the out come in the coming months.

The amount of trades which are reported late through the day.

Over the last few weeks, some would want to quetion this ? nearly every day its happening?, in all the years I have traded never seen this other than at the end of day trading!!.

A rough value but a insight to value.

To estimate the value of 34 million tons of iron ore @62% Fe, we need to use the current market price for 62% Fe iron ore (usually quoted in USD per dry metric ton (dmt)).

🔍 Step-by-Step Calculation:

1. Check Market Price for 62% Fe Iron Ore

As of recent data (late August 2025), the market price for 62% Fe iron ore is typically around:

💰 $105–$115 USD per dry metric ton (dmt)

We'll use $110/dmt as an estimate. I can fetch the current price if you want a more accurate number.

2. Calculate Total Value 34,000,000 tons×110 USD/ton=3,740,000,000 USD

West coast silver worth 0.20 asd, so where do you know value ufo?, great time to get in.

this weeks rns have well and truly exposed this management, tripled the han**** iron ore. the question now is there a jv in the offering ??.

no where to hide for this management.

Interesting interview with Christopher Maiolo, Takes me back a few years when I first heard Gervaise Heddle talking about Greatland gold.

Quest here is have they found the right man, lets see where this goes?.

Just the ASX ?

Clearing the way for something?.

Morning all not posted much, Great progress to date.

My thoughts on Hvaerion first gold later than expected.

Consolidation may give a few trouble times, my goal is out in 2027 nearly 10 years in here.

This information is relevant

While E47/5159 is considered prospective for iron mineralisation, the advancement of the project is not reliant on this single licence.

What a welcome to this board, Give the guy a chance!!.

Got in back in 2016 been excellent share for me, still some time to go before we may see a £1 share which may be 18 months away..

They never going to tell you a Joint venture's sorted, now's the time to pull the plug and get out or stop moaning!!.

I welcome this call to investors, there's no more hiding everyone given a chance to ask a question.

Those here should make an informed decision on their future investment with this company or leave.