Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://twitter.com/i/status/1758783955484942585
10 minute video explaining the main conductive anomaly and why it has not yet been explored with the drill bit.
Quite a stream of updates over the past 6 weeks - copper, silver, gold, uranium, garnet and now lithium.
https://www.londonstockexchange.com/news-article/GMET/garfield-project-bedrock-discovery/16280300
https://www.londonstockexchange.com/news-article/GMET/garfield-update-bonanza-silver-uranium-target/16299439
https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-significant-garnet-potential/16323128
https://www.londonstockexchange.com/news-article/GMET/kibby-basin-lithium-update/16335496
Https://www.londonstockexchange.com/news-article/GMET/kibby-basin-lithium-update/16335496
Extract:-
"Considering the lithium enrichment encountered in brines and clays in KM22-02 above the main target conductor which demonstrate the prospectivity of the entire basin, Golden Metal considers there is compelling evidence indicating a high likelihood that the untested target conductor (Figure 3) is also caused by lithium brine mineralisation."
Https://investingstrategy.co.uk/mining/investing-strategy-the-golden-metal-resources-edit/
An early para:
"Today’s topic is Golden Metal Resources. Led by CEO and geologist Oliver Friesen (who may have missed his calling as a university lecturer), the company has gone from strength to strength since launching its IPO in May 2023. I spent the last few months of 2023 banging the drum for the company, arguing that the market was completely asleep to the opportunity presented."
NASDAQ September 2023 registration document:
https://wp-aexgold-2020.s3.eu-west-2.amazonaws.com/media/2023/09/2023-09-12-Registration-document-FINAL.pdf
The Nalunaq deposit is high-grade and has previously demonstrated a low all-in sustaining cost, making it a high margin asset. All-in sustaining cost estimates range between US$725/oz to US$910/oz. The Company has a current Inferred Mineral Resource of 320,000 oz. (355,000 tonnes at 28.0 g/t Au), covering the old mine area and into a number of extension areas, and a further potential of between 200,000 oz to 2.0 Moz. of near-mine Exploration Targets (2.5 to 10 million tonnes at 2.4 to 6.0 g/t Au).
Eldur Olafsson, CEO of Amaroq, commented:
“I would like to thank all participating shareholders for their strong support shown in this financing. We were particularly pleased to note strong demand from the Scandinavian pension funds. The funds raised will enable us to accelerate mining at Nalunaq, whilst continuing to invest in our exploration portfolio in both gold and strategic minerals across South Greenland.
We now have great confidence in delivering on our objectives at the Nalunaq Mine and in enhancing our potential to deliver value for shareholders and local communities within Greenland, and I look forward to providing an update on specific timings for the Nalunaq project later this year.”
Https://www.londonstockexchange.com/news-article/AA4/factsheet/16329371
"First, the directors were very pleased to be able to show their confidence in the Company's finances by increasing the dividend last month. Whilst there are issues surrounding values (good and bad) our cash flow is strong, we are not exposed to rising interest rates and our lessees are performing well."
"Asia Pacific traffic continues its strong recovery which helps Thai Airways. They are rumoured to be about to order new Boeing 787 aircraft. The airline is clearly confident that it will have the balance sheet and cashflow to finance them."
Interesting snippet from the fact sheet:
"Emirates has selected and the Company has formally consented for MSNs 187, 201, 206, 208, & 42334 to undergo the premium economy retrofit."
£30mn placing at a premium!
TORONTO, ONTARIO - 12 February 2024 - Amaroq Minerals Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ), an independent mining company with a substantial land package of gold and strategic energy transition mineral assets in Southern Greenland, confirms, further to its announcement on 11 February 2024, its intention to conduct a placing and subscription of new common shares (“Common Shares”) to raise gross proceeds of approximately £30.0 million (equivalent to approximately C$51.0 million or ISK5.2 billion) (the “Fundraising”) at a price of 74 pence (C$1.25, ISK127) per new Common Share (the “Placing Price”), with the net proceeds being used to accelerate development and exploration activities.
As announced on 11 February, the Company has already received indications of interest from investors in excess of £30.0 million at the Placing Price.
https://www.londonstockexchange.com/news-article/AMRQ/proposed-fundraising/16327369
Cambridge, 8 February 2024 - IQGeo (AIM: IQG), a developer of geospatial software that is “Building better networks” for telecom and utility operators, today announced that it has extended the industry-leading fiber management capabilities of its Network Manager Telecom product to also support copper and coaxial networks.
This marks a significant change for telecom operators with mixed technology infrastructures, as they can now simplify their system landscape to a single management platform and replace their legacy system of record.
“We’re incredibly excited about the continued flexibility we’re delivering for telecom operators,” says Richard Petti, CEO for IQGeo. “We’ve consistently learned from fiber operators that IQGeo’s biggest value is offering a shared platform to manage their lifecycle, from planning, design and construction to operations, sales and marketing. With this new release, we now provide one platform for all technology infrastructure used by telecom networks.”
The latest version of Network Manager Telecom adds new data models for copper and coaxial networks to the existing fiber model, with the ability to document and manage all associated equipment. This is just part of the most recent enhancements of IQGeo’s flexible and comprehensive network management features, which include industry-best field mobility, documenting outside and inside plant inventory, dynamic network schematics, seamless data imports and exports, and labor cost management.
“As with any IQGeo product release, we’ve gone a step further than introducing new network models,” adds Petti. “We’ve also introduced new workflow functionality, such as line of count support for mixed architecture networks and intuitive views of cable-to-equipment relationships.”
“This is simply the latest step in giving our customers the flexibility they need to manage complex network deployments and operations, which is helping them accelerate their time to value and maximize return on investment.”
Https://www.londonstockexchange.com/news-article/AMRQ/high-grade-extension-of-target-block-confirmed/16307081
Very promising channel sampling results from within the Nalunaq mine. Includes:
"In addition, further sample results now confirm the significant extent of the newly discovered 75 Vein, now with a total extension similar to that of the Main Vein. This body is now known to extend above all mining blocks with grades of up to 256g/t Au over 0.5m above the Mountain block, 22.59g/t Au over 0.59m above the Target Block, 175g/t Au over 0.51m above the South Block and 15.5g/t Au over 1.45m above the Valley Block. These results enable us to robustly model this second vein and, following further drilling results, we hope to be in a position to define a Mineral Resource for this vein in the near future.
And from https://www.londonstockexchange.com/news-article/PTAL/2024-budget-and-other-corporate-updates/16297481
"Commercializing two new Bretana oil sales routes, via Yurimaguas to the port of Bayovar and also through the OCP in Ecuador; each expected to deliver 2,000 bopd commencing around July and October 2024, respectively.."
" Average 2024 production and sales target of 17,000 barrels of oil per day ("bopd"), expected to grow 20% year on year. The production forecast assumes a dry season as severe as in 2023 with a quarterly profile of (Q1 18,500 bopd, Q2 19,000 bopd, Q3 13,000 bopd, Q4 17,500 bopd).."
"During the month of December, due to improved river levels from the return of the rainy season, production averaged 20,090 bopd, helping meet Q4 2023 and the 2023 production guidance range of 14,000 to 15,000 bopd."
Above from https://www.londonstockexchange.com/news-article/PTAL/q4-2023-operations-and-corporate-updates/16282260
Saudi cornerstone investors must be happy about the mineralogy!
Https://wp-aexgold-2020.s3.eu-west-2.amazonaws.com/media/2023/09/2023-09-12-Registration-document-FINAL.pdf
"The Nalunaq deposit is high-grade and has previously demonstrated a low all-in sustaining cost, making it a high margin asset. All-in sustaining cost estimates range between US$725/oz to US$910/oz. The Company has a current Inferred Mineral Resource of 320,000 oz. (355,000 tonnes at 28.0 g/t Au), covering the old mine area and into a number of extension areas, and a further potential of between 200,000 oz to 2.0 Moz. of near-mine Exploration Targets (2.5 to 10 million tonnes at 2.4 to 6.0 g/t Au)."
Https://www.londonstockexchange.com/news-article/market-news/recommended-cash-acquisition/16259660
From near the end of Appendix 3:-
The irrevocable undertaking from the Shanta Shareholder listed above will cease to be binding, inter alia:
a person, other than Bidco, announces a firm intention to make an offer … for the entire issued and to be issued share capital of Shanta (save for those shares in Shanta already owned by such third party or by any person acting in concert with it), and the consideration payable for each share in the capital of Shanta under such Firm Third Party Offer is at least 10 per cent. greater than the amount or value of consideration offered under the Acquisition) (a "Superior Proposal").
1.05bn shares in issue
https://www.lse.co.uk/share-fundamentals.html?shareprice=SHG&share=Shanta-Gold
SCS shedding has been holding this back.
https://www.londonstockexchange.com/news-article/SCS/notification-of-major-holdings/16253329
Soon to be out completely?