Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
"Errawarra quarterly activities including exploration at Andover West, a Farm in Joint Venture with
@AlienMetals and continued assessing of the potential of #graphite and #gold prospects identified at Errabiddy.
#ASXmarket #exploration #lithium #pegmatites $ERW"
https://twitter.com/errawarra/status/1788822783310303470
Need to keep an eye on Errawarra now. Good to have this new string to our bow :)
They commence trading again on Monday. Hopefully we will find out why their SP shot up 80% at one point yesterday just before trading halt.
UK exits recession with fastest growth in two years:
https://www.bbc.co.uk/news/business-68983741
"#Chinese #property stocks in sharp rally in HK, mainland China after Hangzhou, Xi'an removed all home purchase restrictions to shore up sluggish housing market."
https://twitter.com/YuanTalks/status/1788829851371323673
"Hong Kong's local real estate stocks continued to surge on Friday, with Shimao Group up over 60%, Zhenro Property up 25%, China Aoyuan up 22%, Kaisa Group, CIFI, Agile are up over 25%."
https://twitter.com/Sino_Market/status/1788798382825517551
Home buying restrictions are being relaxed county after county after 13 years!
Previously in China people couldn't buy a 2nd property in most cities and had to be a long-term resident and have a permit (called a Hukou) to even buy their 1st home.
@norm, that pr*ck isn't related to me in any way. I thought he was your friend? lol
@Chris2, you say, "predictions have been accurate". No, you missed the bottom during your deramping campaign and still waiting for your buy order to get filled. How about the other shares you cross-ramped. All wrong.
Anyways great to see silver and all the other metals moving back north. What a gift it has been to accumulate at these lows.
Now FO C2.
The Azure Minerals holders are about to get paid in cash:
https://twitter.com/AzureMinerals/status/1788398871804059777
These holders include HNW individuals which will now become UHNW (Ultra High Net Worth) plus family offices & investment funds.
Probably some of the people that attended the Critical Minerals event and are friends with UFO’s largest investor.
Need to get invested before they get hold of their cash!
WHI Research Note explains it well:
"WHI View: The JV announced Alien for the Pinderi Hills project values the lithium JV at A$8m – this excludes the potential value of the nickel, copper, platinum, palladium, rhodium, and silver that has already been identified.
At zero cost to Alien, the JV facilitates the investigation of lithium at Pinderi Hills, provides Alien with working capital and leaves Alien free to focus on its flagship Hanc0ck iron ore project.
We still see fair value at 2.7p/share as Alien moves Hanc0ck along its development pathway."
Now that FIRB granted approval of Azure Minerals takeover by $SQM & Gina there is going to be M&A all across Karratha for Lithium after deal fully completes.
Gina is not going to buy Azure and give up the rest of the lithium to competitors.
She is sitting on $19.5bn in cash.
If we want to get in on the Gina lithium M&A action, we need to prove we have lithium & drill asap.
Problem is that we need to focus our time & money on our flagship Hanc0ck project and start construction in a couple months.
This is a strategic JV with Errawarra which borders Azure for Lithium rights only.
Getting very exciting :)
@smiller. If you are an investor, it's good to like & retweet to get the word out ;)
"• The JV encompasses significant ultramafic/mafic complexes, identified as favorable environments for lithium-bearing pegmatites.
• A target pegmatite swarm has already been pinpointed within the JV tenement package."
Errawarra Resources finalizes agreement with Alien Metals for Pinderi Hills project
https://twitter.com/Directors Talk/status/1788510993108324614
Lithium boffin Michael Fotios sees carbonate prices reaching US$50,000t by Christmas
https://stockhead.com.au/resources/lithium-boffin-michael-fotios-sees-carbonate-prices-reaching-us50000t-by-christmas/
Lithium consultant Michael Fotios is definitely one to watch. He invested in GRE.
I think he is part of the geo team that visited Pinderi Hills.
Recently liked Linkedin posts on Pinderi Hills & the Critical Minerals event.
https://www.linkedin.com/in/michael-fotios-296182a0/recent-activity/reactions/
Looking forward to Pinderi Hills news. Zero (actually minus zero) priced in for lithium :)
"The tenements are in an area considered prospective for #lithium bearing #pegmatites due to the presence of the Orpheus suite of rocks and their closely associated mafic intrusions.
#ASXmarket #exploration #pilbara $ERW"
https://twitter.com/errawarra/status/1787980825411080218
SP shot up +50% and now in trading halt pending release of announcement:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02805319-6A1206934
"the #ironore price has touched us$120/t again. this is good news considering that the #alienmetals base case scenario at this price has an npv of a$146m and an impressive irr of 133%!
🗒️full han**** study: https://alienmetals.uk/wp-content/uploads/iron-ore-development-study-han****-project.pdf
#ufo #pgm #silver"
https://twitter.com/alienmetals/status/1788182655915200773
@Steveiom. They will mobilise and start construction July/August.
The haul road is the only infrastructure they need to build. Mining town Newman has is commutable from Great Northern Highway.
So no need to build mining camp etc.
Very solid business with DSO at surface & 1:1 strip ratio.
Anyone else taking notice of Aussie iron ore explorers SP exploding recently.
Macro Metals M4M. Market Cap recently shot up to $84m! They just started and only have 6 prospective exploration licences. No resource. No access to export channel. Years away from any FCF.
Arrow Minerals AMD. Market Cap $40m. Just exploration licence. No resource. No access to export channel secured.
Only a few meter intercepts:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02804005-6A1206429
Compare with UFO 78.2m @ 60.4% Fe!
https://www.londonstockexchange.com/news-article/UFO/high-grade-dso-confirmed-at-hanc0ck-project/16131415
Less than 5% explored in Tier1 in heart of iron ore Newman & UFO ridges continue for several kilometers across Hanc0ck and haven't even started drilling Mallina (similar geological units as Sirius) and Vivash Gorge & Brockman (est exploration target 233Mt).
Less than 5% explored.
Plus Vivash & Brockman (est exploration target 233Mt).
Plus lithium pegmatite swarm & re-assaying core results soon, Australia's highest-grade silver mine, copper & nickel (Near Surface results includes 5.2m @ 2.1% Ni) one of Australia's largest PGM (PGM usually have attached nickel & copper - hopefully news on this soon) and Mining Leases in place in Tier1.
Plus sector now moving up.
SP is just too cheap with UFO as a near-term producer, mining lease granted for 21 years with easy access to export channel (world's largest bulk export port) leveraging on existing infrastructure with massive potential in the heart of iron ore country Newman (