Member Info for Max111

🔊 @AlienMetals and @errawarra discussed on the @RoastPR yesterday. Along with #silver pricing and delays in physical silver deliveries.

Listen from 40.40min 👇

https://x.com/AlienMetals/status/1921885263543840978

ANZ: “Despite fears of weak demand, signs of tightness in the steel #market in China are appearing. Inventories are at the lowest seasonal level since at least 2018.”

#commodities #ironore

https://x.com/DryBulkETF/status/1921791106909344104

I see 1p by October. Elizabeth Hill silver will no doubt be a successful business. Hanc0ck high-grade DSO from surface will no doubt be a successful business and hopefully a good dividend payer (like Fenix) or they sell it. M&A for hematite iron ore is very hot since discoveries have significantly slowed leaving very capex expensive magnetite projects (CZR was the last large scale hematite project). Plus the resource at Hanc0ck should go up to 50-70Mt with the 2 Mallina tenements about to be granted. Then we also have Vivash Gorge and Brockman which has est exploration target of 233Mt bordering Rio Tinto who have now decided to expand their Brockman Hub and will spend billions on it.

Then of course we have the Munni Munni PGM & Gold project with an in situ value of US$3bn all open at depth and along strike which will be the icing on the cake for the massive volume of Nickel & Copper.

Will go a lot higher than 1p if they play their cards right.

Rob Mosig is an expert in precious metals hand has intimate knowledge of the whole Pinderi Hills region for decades.

But we do need to watch this carefully.

Also don't want a repeat of recent history. Eg. Platina own 30% of Munni Munni, ARV owned 70%. ARV tried to vend 40% to EEE, but Platina (Rob Mosig was director) had right to first refusal and took ARV to the high court in 20th July 2020 (after which UFO's SP starts to rocket).

Munni Munni would never have worked with 3 different parties not agreeing with each other and no majority ownership.

We bought Platina's 30% stake which gave us the right to first refusal to buy ARV's 70% stake. Now whole region is under 100% ownership for PGMs. Need to keep a close eye on this though.

All about timing. Need to box off this Hanc0ck deal first. Rob Mosig said the platinum wasn't for sharing.

Someone here said the ERW right to first refusal was more a security mechanism to prevent a low ball takeover whilst we sat and waited for the Mallina legals/permits. Time will tell.

Australia is set to be a renewables nation. After Labor’s win, there’s no turning back

https://theconversation.com/australia-is-set-to-be-a-renewables-nation-after-labors-win-theres-no-turning-back-256081

With Labors win, it means the 10-year Production Tax Credits for our PGMs & Nickel are now here to stay!!

#CriticalMinerals

There was some concern that the opposition would repeal it if they won.

Geoscience Australia HIGH-PRIORITY for a world-class Copper-Nickel-PGM deposit & Mining Leases in place.

What an opportunity we have here.

Big Munni Munni update in due course from Rob Mosig, Dr. Jayson Meyers and Bradley Toms.

🚨 Drill contract awarded! Our JV partner @Errawarra has awarded West Core #Drilling the maiden drill program at the high-grade Elizabeth Hill #Silver Project. Drilling to commence post EGM on 19 May.

Read Here 👇

https://x.com/AlienMetals/status/1920398455295340786

@grzesiek. Why do you think it won't get funding when it gets to decision to mine? No one wants any silver?! LOL

RNS stated: "Untapped potential remains in ground with deposit open at depth, and recent consolidation of land package offers potential to discover more Elizabeth Hill style deposits."

Below 100m untested and Bruce said in the interview today: “We believe the mine extends beyond the 100m level, and we will be drilling down to 220m”

Tie this in with the Radio Hill processing plant which has been refurbished and under care & maintenance. Magic. Too easy.

Finally have the impetus to start using these incredible assets that are sitting idle. Getting very exciting.

Joint Venture Partner Announces Drill Contract Awarded for Elizabeth Hill

Technical Visit Completed to Define Drill Targets

https://www.londonstockexchange.com/news-article/UFO/jv-announces-drilling-partner-for-elizabeth-hill/17026426

@errawarra is gearing up for diamond drilling at its Elizabeth Hill #silver project in WA’s Pilbara after locking in drilling contractor West Core Drilling under a partial drill-for-equity arrangement.

https://x.com/StockheadAU/status/1920252999059800187

Errawarra Resources' (#ASX: $ERW) Executive Director, Bruce Garlick, joins HotCopper’s Sean Boss to discuss the recent appointment of West Core Drilling as the inaugural drilling contractors for the Elizabeth Hill Project in the Pilbarra, WA.

https://x.com/HotCopper/status/1920267228596867441

“We believe the mine extends beyond the 100m level, and we will be drilling down to 220m”

Below 100m untested. Going to be a mega silver drill intercept if ERM are correct in their analysis!!!

ASX Announcement: Drill Contract Awarded at Elizabeth Hill.

ERW is pleased to advise that it has awarded its inaugural drilling contract at the high-grade Elizabeth Hill Project, located in the Pilbara region of Western Australia.

https://x.com/errawarra/status/1920259866024984726

Drill Contract Awarded at Elizabeth Hill

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02944609-6A1263766&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4

Diamond drilling contract under a partial drill for equity arrangement. Drillers must be confident also.

Drilling starts in a couple weeks. Going to be an exciting month for us.

Https://www.ft.com/content/60e0fe28-ab9d-11e8-94bd-cba20d67390c

This article in the FT back in 2018 explains it:

Arian’s ‘alien’ rebranding shows adventurous spirit:

"Last week, the new boss of Arian Silver announced that the junior market company would be called Alien Metals. There is no plan to mine on Mars, the group’s executive chairman, Dennis Edmonds, hastily said. Alien refers to “other” or “unknown”, not extraterrestrial extraction, he said. Still, the rebranding exposes the adventurous spirit behind the company. “The new name doesn’t say what we do. One reason is we don’t know what we will do,” said Mr Edmonds"

Also the ticker UFO always stands out.

The $ERW management team recently visited site to observe ongoing exploration works as well as assessing nearby processing facilities.

https://x.com/errawarra/status/1920000268608946620

PBOC Unveils Rate and RRR Cuts to Inject CNY1 Trillion in Liquidity

https://x.com/yicaichina/status/1920060406019588195

China just cut rates, so now it's the Fed's turn today. FOMC rate decision is at 7pm UK time.

China sees 182 major infrastructure, manufacturing projects being launched in the first quarter of 2025

https://www.globaltimes.cn/page/202505/1333406.shtml

The number of large-scale projects surged by 41.8 percent year-on-year.

Transportation projects led the construction boom, with key projects such as the Linyi section of the Weifang-Suqian High-Speed Railway in East China's Shandong Province and the G322 expressway project in East China's Jiangxi Province.