Member Info for Max111

If we were going to be miners, we would have had a team in place by now.

So it's either a JV for Hanc0ck or buyout. Since they keep referring to Hanc0ck as the "flagship" I doubt they will sell it.

It will be a JV. Any percentage we lose on JV will be made up by significantly bringing up resources across Hanc0ck, Mallina, Vivash & Brockman (est exploration target 233Mt) plus lower Opex with economies of scale.

JV partner is come in to run the show at Hanc0ck. With recent communication on Pinderi Hills, it seems very close now. ATB

@Steve. As Alwyn said before, they will be bringing in a JV partner, so it won't be UFO announcing FID, it will be the JV partner.

ERW are paying for the lab results, which will not only include results for the pegmatite swarm identified, but for PGMs, gold, silver, nickel & copper.

Plus they well be re-assaying the existing core. Then paying for drilling (if the pegmatites are lithium bearing).

@Steve. Read RNS, "Preferred Construction and Operations Contractor Secured"

https://www.londonstockexchange.com/news-article/UFO/construction-and-operations-contractor-secured/16094438

Also good to know that REGROUP are MinRes's contractor for the the Onslow West Pilbara Hub.

Also good to know MinRes now have $1.3bn after 49% of haul road sell to Morgan Stanley Infrastructure and just bought out the BCI Iron Valley Pilbara Hub mine just above Hanc0ck producing at lower grade than Hanc0ck.

And don't forget Nathan's role at BCI was "Operational Readiness". Hmmmm

Great to see the capitulation here. Very bullish :)

Once the company implements the strategy, the SP will be many multiples of 1p. Games being played at the moment with low volume takedowns. Take advantage of it if you can. ATB

Last placing was just last month. Hanc0ck over the line & rerate soon. ATB.

Good to know our contractor Maramara/REGROUP are currently working on a BHP site at Newman:

https://www.linkedin.com/company/maramara-wa-pty-ltd/posts/?feedView=all

In the picture they are at the Radio Hill Lookout point at Newman.

Very easy to mobilise & start at Hanc0ck. Hmmmm

Strategy is playing out. Just been a waiting game for the mining bureaucracy/permitting etc which can be expected.

Very interesting to hear of "depth of 3.5km" at Munni Munni in the article today.

Reminds me of when Rod said, "Only about 20% of the surficial area has been tested and resource defined. You have ALL of the potential at depth and that’s where the real potential for this thing is and continuation of these reefs around the boundaries of the intrusion itself. So there’s a lot of upside there. A lot of this hasn’t been recognised before simply because of the ownership structure."

Now region 100% consolidated.

Hanc0ck over the line, then move onto unlocking Pinderi Hills.

"Iron ore futures prices increase with positive factory data from China"

https://x.com/Directors Talk/status/1807762353406284039

Great article.

"The shallow PGM-bearing reef (unlike S.Africa which is getting deeper & more complex) is expected to be continuous over an area of up to 200sq.km and to reach depths of 3.5km, but it has never been fully drilled."

Depths of 3.5km!!

"The PGMs are just part of the story". Nickel & Copper. Eg 5.2m @2.18% Ni from 3m.

EH & MM could be "intimately related"!

Very much looking forward to the 1st batch of over 1000 lab results due.

Last month Rob was saying Nathan should be doing an interview this month.

So I expect getting Hanc0ck over the line JV news this month.

"🗒️ #AlienMetals’ Technical Director, Rob Mosig runs through the potential at Munni Munni, especially Elizabeth Hill with

@Haydn_Black of @MiningOnline."

https://x.com/AlienMetals/status/1807718770044973106

Iron ore ticks up on better China data

https://www.brecorder.com/news/40310655/iron-ore-ticks-up-on-better-china-data-stimulus-hopes

"829 yuan ($114.06) a metric ton, as of 0304 GMT

The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 51.8 in June from 51.7 in the previous month, marking the fastest clip since May 2021 and surpassing analysts’ forecasts of 51.2.

Additionally, some investors and traders are bearing hopes for possibly more stimulus from the long-delayed third plenum to be held from July 15 to July 18."

I'm pretty sure now that no news will be announced in Q2 (ie by tomorrow).

However, Q3 starts Monday.

As is evident by this BB, lots of people on the sidelines which means it will move fast on news.

Someone here recently said the SP can triple in a heartbeat. Looking forward to the 1st set of lab results plus other news flow soon. ATB.

Iron ore futures see growth amid China's property market stimulus

https://x.com/Directors Talk/status/1806311041200214265

Surprised people still going off a December 2023 Corporate Presentation when since then Guy Robertson said they have made the decision they are not miners and have JV deals on the table and will be bringing in a JV partner.

Interesting that Alwyn did a deal with MinRes before when he was the MD of BCI and Nathan's role at BCI was "Operational Readiness". Hmmmm

Looking forward to getting Hanc0ck over the line and finding the source of 5.2m @2.18% Ni from 3m.

Exploration technology has changed quite dramatically from a couple decades ago (Nokia phone days).

As Rob Mosig said, "There is far better resolution we get now from geophysics. It’s more like a medical science. Some of the imagery that we can get is so much more resolved."

When it's so close to surface (3m), using latest tech is going to make it very easy.

Iron ore price extends gains on sustained China demand, property stimulus:

https://www.kitco.com/news/off-the-wire/2024-06-26/iron-ore-price-extends-gains-sustained-china-demand-property-stimulus

"“Some investors are trading on expectations of possible stimulus in July,” said Cheng Peng, a Beijing-based analyst at Sinosteel Futures.

Investors and traders are waiting for a key meeting, known as the third plenum, to be held in July, which will focus on deepening reforms and promoting China’s modernization."

Perfect timing for signing offtake :)

@Steve. Why is it not going to happen when you consider UFO is using contractors REGROUP who got construction and delivery of first ore to MinRes Onslow port ahead of schedule.

BTW are you not doing any Sea Bass fishing anymore?

@A.J.49. It's all about the blend.

MinRes Pilbara Hub = Iron Valley which they just bought outright and produces at 58% Fe. Wonmunna has total average grade of 56.5% Fe.

Both feed into the MinRes Utah Point Hub iron ore blend from the Great Northern Highway.

MinRes have a very strong need to get access to their 124Mt Sirius deposit at 60.3% Fe.

Yes true Wents. UFO have the money in the bank now to get this over the line, so not bothered about the fun and games being played at the moment.

But not expecting FID tomorrow. I'm expecting the JV partner to announce FID.

Mining Lease & Miscellaneous Licence for the haul road which unlocks MinRes Sirius deposit now in place.

Next bit of news I'm looking forward to are the 1st set of lab results due very soon.