Member Info for Max111

Barclays upgrades Rio Tinto on improving iron ore outlook:

https://www.sharecast.com/news/broker-recommendations/barclays-upgrades-rio-tinto--15055398.html

"After a week spent in China, with over 20 meetings with local miners, traders, developers and economists, Barclays said the industry “remains resilient”.

Barclays has kept its 6,300p target price unchanged for the stock, which up nearly 2% at 4,975p on Tuesday morning."

Plus China has just decided to issue 1 trillion yuan in special bonds:

https://www.chinadaily.com.cn/a/202310/24/WS6537c909a31090682a5ea78d.html

Australian shares snap three-day losing run to rise on strong commodity stocks:

https://www.reuters.com/article/australia-stocks-close/australian-shares-snap-three-day-losing-run-to-rise-on-strong-commodity-stocks-idUSL4N3BU137

Miners emerged as top gainers on the benchmark, ending the day 1% higher on a rebound in iron-ore prices.

BHP Group, Rio Tinto and Fortescue Metals added between 0.5% and 2.6%.

Australian shares snap three-day losing run to rise on strong commodity stocks:

https://www.reuters.com/article/australia-stocks-close/australian-shares-snap-three-day-losing-run-to-rise-on-strong-commodity-stocks-idUSL4N3BU137

Miners emerged as top gainers on the benchmark, ending the day 1% higher on a rebound in iron-ore prices.

BHP Group, Rio Tinto and Fortescue Metals added between 0.5% and 2.6%.

Australian shares snap three-day losing run to rise on strong commodity stocks:

https://www.reuters.com/article/australia-stocks-close/australian-shares-snap-three-day-losing-run-to-rise-on-strong-commodity-stocks-idUSL4N3BU137

Miners emerged as top gainers on the benchmark, ending the day 1% higher on a rebound in iron-ore prices.

BHP Group, Rio Tinto and Fortescue Metals added between 0.5% and 2.6%.

SteveNoMining is actually Pops1980 who got banned and won't say why he got banned.

As Troy said, "Before the boards focus was M&A. Top tier projects in top tier jurisdictions.

Now there is that natural inflection point where the board needs to change with the vision of the company.

Now vision of company is development & operations."

https://www.youtube.com/watch?v=MbyiFaspyhg

HPA's finally all coming in and WA Dept of Mines just granted Misc Licence for the mining haul road.

Resource sector in Australia moving up.

Plus China will today approve 1 trillion yuan stimulus and there is very little iron ore inventory in the system.

Iron ore sustains rally on China optimism

https://twitter.com/Directors Talk/status/1715348146384253287

Tailings are a very important part of the mining process. It's the byproduct and miners have a duty to manage them.

https://www.youtube.com/watch?v=ekDrz6xl1UM

Thankfully with our High-grade DSO with low impurities we don't need to build a processing plant or Tailings Dam and don't need to manage the tailings afterwards either.

DSO starting at surface and goes straight into the blast furnace. Almost sounds too good to be true!

Looking forward to harvest time :)

@Gunster, 233Mt is the Maiden Exploration Target that UFO announced on 25th August 2020 after doing extensive data review of Brockman.

233Mt is the high case estimate.

Brockman contains parts of BHP deposits BHP 15, BHP 19 & BHP 20 (goes into UFO Brockman at a shallow angle).

Early days & needs lots of drilling to get there (once cash coming in from Hanc0ck), but achievable considering the above.

@dickie

yes approvals are king.

heritage agreements signed for han**** iron ore project exploration licences and miscellaneous licence

https://www.londonstockexchange.com/news-article/ufo/heritage-agreements-signed-for-han****-project/16149760

miscellaneous licence granted and access secured for han**** project

https://www.londonstockexchange.com/news-article/ufo/miscellaneous-licence-granted/16151637

ufo transitioning from explorer to producer in wa which actively promotes the development of mines.

with regards to financing, worth listening again:

https://www.youtube.com/watch?v=mbyifaspyhg

atb.

Https://twitter.com/AlienMetals/status/1714632119698219462

Mining.com mentions that the price of iron ore has increased because of China's recent stimulus measures, with China’s central bank providing medium term liquidity worth 789 billion yuan.

1/4

https://twitter.com/AlienMetals/status/1714605852420624790

According to Fastmarkets within the article, the benchmark of 62% Fe fines imported into Northern China saw a 1.84% rise on Monday, reaching US$120.20 per tonne, with a slight reduction in supply helping facilitate the rise in iron ore.

2/4

This news was reiterated by Rio Tinto that indicated that the price of iron ore increased by 7% in the third quarter of 2023, averaging US$114 per tonne across the 3-month period.

Rio Tinto, the world’s no. 2 miner, will aim to boost iron ore output with a stronger outlook in China and as urbanization in India and across parts of Asia drives new steel demand growth:

https://twitter.com/business/status/1714577397490590182

Rio Tinto CEO:

“In the next 10 years globally, just as many people are going to urbanise as in the last decade, and so iron ore will remain a very large and attractive market,” Trott told reporters on Wednesday in Perth. “The mine developments that are needed to sustain that, at that scale, are enormous.”

UFO Brockman border's Rio and has an estimated exploration target of 233M tonnes!

Rio Tinto, the world’s no. 2 miner, will aim to boost iron ore output with a stronger outlook in China and as urbanization in India and across parts of Asia drives new steel demand growth:

https://twitter.com/business/status/1714577397490590182

Rio Tinto CEO:

“In the next 10 years globally, just as many people are going to urbanise as in the last decade, and so iron ore will remain a very large and attractive market,” Trott told reporters on Wednesday in Perth. “The mine developments that are needed to sustain that, at that scale, are enormous.”

China iron ore stocks to hit 7-year low as demand beats expectations:

https://twitter.com/ChannelNewsAsia/status/1714231857121001653

"China's portside iron ore stocks are set to end the year at the lowest level since 2016, according to forecasts from eight Chinese analysts, while imports in the world's largest consumer will reach the highest since 2020."

China iron ore stocks to hit 7-year low as demand beats expectations:

https://twitter.com/ChannelNewsAsia/status/1714231857121001653

"China's portside iron ore stocks are set to end the year at the lowest level since 2016, according to forecasts from eight Chinese analysts, while imports in the world's largest consumer will reach the highest since 2020."

China iron ore stocks to hit 7-year low as demand beats expectations:

https://twitter.com/ChannelNewsAsia/status/1714231857121001653

"China's portside iron ore stocks are set to end the year at the lowest level since 2016, according to forecasts from eight Chinese analysts, while imports in the world's largest consumer will reach the highest since 2020."

China iron ore stocks to hit 7-year low as demand beats expectations:

https://twitter.com/ChannelNewsAsia/status/1714231857121001653

"China's portside iron ore stocks are set to end the year at the lowest level since 2016, according to forecasts from eight Chinese analysts, while imports in the world's largest consumer will reach the highest since 2020."

Alien Metals inks heritage deal with PKKP AC for Vivash

https://twitter.com/Directors Talk/status/1714225203939889569

Anything which reduces red tape & bureaucracy can only be good for business and investment.

It's pretty obvious that the Aboriginal Cultural Heritage Act 2021 which came into effect 1st July 2023 caused a delay in executing the Heritage Agreements ("HPAs") with KNAC.

A few weeks after it became law, it was fully repealed. Then objections are removed and we just executed multiple HPAs.

The day after the HPA, WA Dept of Mines granted the Miscellaneous Licence on the mining haul road.

Things are moving nicely now which is why Troy was very confident in the interview about UFO being undervalued and executing the plan and doing what they said they will do:

https://www.youtube.com/watch?v=MbyiFaspyhg