Proactive this morning:
Asiamet Resources has reported high grades from grab samples collected during due diligence site visits to the BKM project area in Central Kalimantan, Indonesia.
Several visits were undertaken to the KSK licence area in recent months by prospective partners or acquirers, said Asiamet, with four surface grab samples collected for confirmatory analysis during one of these visits.
Two samples recorded grades at 24.0% and 23.3% copper while outcrops contained significant grades of other metals.
Asiamet added the results were consistent with previous surface sampling and reinforced the upside potential of both the BKM and BKZ deposits.
Darryn McClelland, chief executive, commented: "The recent due diligence site visits have been very positive with good feedback received from all groups.
"The assay results from these grab samples are outstanding and, specifically for BKM, provide encouragement for the company in the fact that samples of this grade are found at surface.
“ Our current mine plan targets mining of high-grade starter pits from the BKM resource delivering high-grade feed early in the life of the project allowing strong ramp-up of copper production.”
Artemis Resources Limited Gold Review in West Pilbara
16/04/2024 7:48am
RNS Regulatory News
RNS Number : 7740K
Artemis Resources Limited
16 April 2024
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
16 April 2024
Artemis Resources Limited
("Artemis" or the "Company")
GOLD REVIEW IDENTIFIES MULTIPLE TARGETS IN WEST PILBARA
DRILL ASSAYS INCLUDE 5m @ 6.23% Cu, 3.01 g/t Au & 45.32 g/t Ag
ROCK CHIP ASSAYS INCLUDE 23 g/t Au
· Internal review of historical data uncovers gold and copper targets
· Multiple prospects identified across Carlow, Silica Hills and Osborne tenements
· Peak rock chip assay results hit 23 g/t Au at Orpheus prospect
· Peak drill intercepts includes 5m @ 6.23% Cu, 3.01 g/t Au & 45.32 g/t Ag at the Chapman prospect
· Priority targeting currently underway to expand gold exploration program, in addition to drilling at the Lulu Creek prospect
Artemis Resources Limited ('Artemis' or the 'Company') (ASX/AIM: ARV) provides this update to shareholders on its Karratha Gold Precinct exploration program.
The Karratha Gold Precinct covers an area of more than 200km2 in the West Pilbara region of Western Australia. It is located ~20km from the main regional town of Karratha, which is only a 2-hour flight from Perth.
Executive Director George Ventouras commented "Through a recent internal review of Artemis historical tenement data, we have uncovered numerous prospects that display high prospectivity and compelling first pass results. Given the current gold price and market sentiment, we are very excited by the opportunity to explore these further. Given the Company's tenement locations and the dual streams of lithium and gold, we are confident that the pathway forward will be a positive development for the Company."
... as European defence spend continues upwards - analysts.
BAE was given a share price target upgrade by Deutsche Bank analysts on Friday as European defence spending looks to keep growing.
“BAE has more exposure to the Nordic, Baltic and Eastern European states, which are the fastest growing defence markets in Europe,” the bank said in a note.
Given the ongoing war in Ukraine, Deutsche highlighted plans from the likes of Poland, Norway, Denmark, Finland and Sweden to boost defence spending.
“BAE could benefit in two ways, either via direct sales to these countries, or via foreign military sales via the US,” analysts added.
Indeed, Deutsche highlighted a series of high-profile contracts from the US so far this year, including for armoured multi-purpose vehicles, alongside M109A6 and A7 Howitzers.
Demand for military jets, such as the Eurofighter, could also be revived, according to the bank, as orders come through from Middle Eastern nations.
Deutsche lifted BAE’s share price target from 1,290p to 1,440p as a result, anticipating a 12% climb on Thursday’s close.
https://www.proactiveinvestors.co.uk/companies/news/1045188/bae-to-keep-benefiting-as-european-defence-spend-continues-upwards-analysts-1045188.html
From Stockopedia:
The analyst consensus target price for shares in Helium One Global is 5.55p.
That is 403.28% above the last closing price of 1.10p.
https://www.stockopedia.com/share-prices/helium-one-global-LON:HE1/
My only concern is:
In accordance with Rule 2.5(a) of the U.K. Takeover Code, International Paper reserves the right to make an offer for DS Smith on less favourable terms than those set out in this announcement: (i) with the agreement or recommendation of the DS Smith Board; or (ii) if a third party announces (after the date of this announcement) a firm intention to make an offer or a possible offer for DS Smith which, at that date, is of a value less than the value implied by the Exchange Ratio. International Paper reserves the right to introduce other forms of consideration and/or vary the mix or composition of consideration of any offer.
Https://www.chronicle.co.zw/matabeleland-fast-becoming-top-lithium-producer/
New business profit up 45 per cent (43 per cent) to $3,125 million. Excluding the effect of interest rate and other economic movements, new business profit up 47 per cent (45 per cent)
- Operating free surplus generated from in-force insurance and asset management business of $2,740 million (2022: $2,725 million ($2,760 million))
- Adjusted operating profit up 8 per cent (6 per cent) to $2,893 million
- EEV shareholders' equity is up 7 per cent to $45.3 billion, equivalent to 1,643 cents per share, on an AER basis.
19 Mar 2024, 03:07 AM IST
(Bloomberg) -- UK defense company BAE Systems Plc is sounding out investors for a corporate bond sale that could top $4 billion to help refinance a bridge loan it used to acquire Ball Aerospace, according to people familiar with the matter.
The firm agreed to buy Ball Aerospace in August in a $5.6 billion deal as a way to reach into space, a frontier the company predicts will become increasingly important in warfare. It marked the biggest purchase in the firm’s history. The final size of the bond offering will be determined on the day of the sale.
The bond sale will refinance a $4 billion facility taken out by the company in August. It’s the latest in a slew of deals earmarked for mergers and acquisition financings after the worst year in a decade for buyout funding.
BAE Systems and Bank of America Corp., which coordinated investor calls for the sale Monday, did not immediately reply to requests for comment.
https://www.livemint.com/news/bae-systems-eyes-at-least-4-billion-to-fund-ball-aerospace-purchase-11710797857178.html
Helium One Global Ltd is an AIM-listed Tanzanian explorer holding prospecting licences totalling more than 2,965 km2 across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.
The company's Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country.
The assets lie near surface seeps with helium concentrations ranging up to 10.6% He by volume.
All Helium One licences are held on a 100% equity basis and are in close proximity to the required infrastructure.
Helium One holds 2,840km2 of Prospecting Licences in three areas: the Rukwa, Balangida and Eyasi projects. These projects all have surface seeps with helium concentrations up to 10.6% He, and have the potential to have the correct geological components to make up a ‘working helium’ system: source, trap, reservoir and seal.
The exploration permits are located near surface seeps, with helium concentrations ranging between 2.5% and 10.6% by volume.
Following the Company’s Phase I exploration programme in 2021, the Rukwa project is considered to have been significantly de-risked by the drilling of the Tai-1/-1A well which identified multiple prospective intervals with helium shows.
Both the Eyasi and Balangida projects are considered as early-stage exploration projects but are currently being evaluated by the subsurface team.
My thoughts exactly, Trotsky.
As you say, it's not cricket at all... more like American football.
I neither agree nor disagree with this view:
Rolls-Royce still gaining altitude but dividend remains on hold
Rolls-Royce [LON:RR.] has full year numbers out today, noting underlying profits of £1.6bn and a margin of 10.3%, with guidance for 2024 being for further improvements to be seen. Critically however the dividend still remains on hold despite technical restrictions here now having been overcome. Given the strong run up in the share price of late, will this line end up dominating?