Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
signed.
current total: 385 supporters have signed this petition
The buys far outweighed the sales today, and has anyone got a link to Nigels latest report please?
# Trades 22
Vol. Sold 14,500
Sold Value £465.45
Vol. Bought 1,323,449
Bought Value £41,571.82
It reads to me like we have good grades of copper and gold but we're not going after them, we want cobalt.
"However, the Board’s current prime focus is to increase the confidence in the inferred cobalt resource with a highly targeted drilling campaign across several prospects, with planning to be finalised shortly.”
Does this mean there is already confidence in the gold and copper and if so then why aren't we mining them and generating revenue? Or are we just not focused on them (or even making money) at all so that we can drill yet more holes in pursuit of cobalt.
Do we just like drilling holes?
2.
Drilling campaign to increase MRE confidence
To improve confidence in the current global MRE – 21,556t cobalt (64Mt @ 318 ppm Co) and 44,260t
copper (63Mt @ 0.07% Cu)2 – and potentially extend known mineralisation, CCZ will soon undertake an inaugural drilling campaign across several prospects within the BHA Project’s East Zone.
The geology team are close to finalising optimal cobalt targets and subject to Board approval, will
then file an application with the NSW Resources Regulator to implement the drilling campaign.
Previous field trips and land-holder meetings have already formalised approvals and enabled access routes to be mapped out.
The Board of Castillo Copper Limited authorised the release of this announcement to the ASX.
1.
Metallurgical test-work on BH1 drill-core extracted from The Sisters Prospect1 – BHA Project’s East Zone (Appendix A) – delivered excellent beneficiation results for cobalt and, surprisingly, copper-gold (Appendix B) – with the best outcomes:
? Cobalt: 200ppm head-grade up to 2,500ppm post-test-work; 12x upgrade
? Copper: 520ppm head-grade up to 16,000ppm (1.6%) post-test-work; 30x upgrade
? Gold: 0.02g/t Au head-grade up to 3.87g/t Au post-test-work; >190x upgrade
o Pleasingly, the metallurgical test-work showed that cobalt-copper-gold liberated
easily from BH1 drill-core samples to produce a potentially viable concentrate
o Moving forward, the Board’s primary focus for the East Zone is to increase the
confidence in the current inferred Mineral Resource Estimate (MRE) which stands at
21,556t cobalt (64Mt @ 318 ppm Co) and 44,260t copper (63Mt @ 0.07% Cu)2
o As such, the geology team are close to finalising optimal cobalt targets across
several prospects for the inaugural drilling campaign, which will be implemented
once regulatory approvals are secured:
? To date, land-holder approval has been secured and access routes mapped out.
Castillo Copper’s Managing Director Dr Dennis Jensen commented: “The Board was
pleasantly surprised upon learning of the exceptional metallurgical results, especially nearly 4 g/t gold and 1.6% copper which provide new dynamics to follow up. However, the Board’s current prime focus is to increase the confidence in the inferred cobalt resource with a highly targeted drilling campaign across several prospects, with planning to be finalised shortly.”
Compelling metallurgical results
Castillo Copper Limited’s (“CCZ” or “the Company”) Board is pleased to announce that several rounds of preliminary metallurgical test-work on BH1 drill-core (The Sisters Prospect; East Zone –
Appendix A) produced excellent beneficiation results for cobalt-copper-gold – with the best outcomesas follows:
? Cobalt: 200ppm head-grade up to 2,500ppm post-test-work; 12x upgrade
? Copper: 520ppm head-grade up to 16,000ppm (1.6%) post-test-work; 30x upgrade
? Gold: 0.02g/t Au head-grade up to 3.87g/t Au post-test-work; >190x upgrade (Appendix B)
The original BH1 drill-core the samples were extracted from comprised:
24m @ 424ppm Co from 103m including 2m @ 1,120ppm Co from 107m; 1m @ 873ppm Co from 120m; and 2m @ 486ppm Co from 125m
A key feature the metallurgical test-work highlighted was that cobalt-copper-gold liberated easily from the BH1 drill-core samples to produce a potentially viable concentrate (Figure 1).
Could be a reason for todays rise
https://www2.asx.com.au/markets/company/ccz
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02548799-6A1102833?access_token=83ff96335c2d45a094df02a206a39ff4
Hi, I hope neither of you mind and thanks to you both for your thoughts and efforts.
senseman - I copied your email,
WB - I copied your final paragraph from 16:08 and added to sensemans text.
and my email has been sent to all 3 parties.
Fingers crossed we have the desired effect.
https://www.lse.co.uk/ShareChat.asp?ShareTicker=SYN&share=Synergia-Energy
Vast Resources plc, the AIM-listed mining company, is pleased to announce that an official opening ceremony for the Takob joint venture project at the Takob Mine in Tajikistan (“Takob Processing Project”) with Open Joint Stock Company Korkhanai Boygardonii Takob ("Takob") will take place on 15 August 2022. The processing of fresh and stockpiled ore will commence in August 2022 following the official opening ceremony under the terms of the Master Agreement between Takob and Central Asia Minerals and Metals Ore Trading FZCO.
As previously announced, Vast will receive a participation equivalent to a 12.25 percent royalty over all sales of non-ferrous concentrate and any other metals produced from the Takob Processing Project. The royalty equivalent revenue from the Takob Processing Project will supplement the Company’s revenue from concentrate sales from Vast’s 100% owned Baita Plai Polymetallic Mine in Romania.
The latest photos of the Takob Processing facility with the equipment upgrades will be made available on the Company’s social media platforms.
For further details on the Takob Processing and the Takob Tailings Projects, see the announcements made on 3 May, 24 May and 30 June 2022 via the Company’s website at www.vastplc.com/news/.
TBH just reads like a lot of waffle to me.
https://www2.asx.com.au/markets/company/thr
Ragged Range, WA
Sampling Update
High-grade Copper and Gold found at the Sterling and Kelly’s Prospects
Possibly 24 months (or more) in which anything can happen, changes or relaxation of sanctions and an end to war, who knows. But it gives me hope that all is not lost while we are in limbo.
In my mind the Administrators were appointed to keep the company from being sold out and it looks a decent gambit.
Our moneys tied up now anyway so keep the faith.
Document Approximate timescale (from commencement of Administration)
Notice of Appointment 1 week
Statement of Proposals (within 8 weeks) 4 weeks
Notice of Creditors’ Decision or of Deemed Approval of the Proposals 7 weeks
Progress Report 7 months
Request for an Extension to the Administration (where necessary) 11 months
Notice of Extension of Period of Administration (where granted) 12 months
Final Progress Report (where no extension has been granted) 12 months
Progress Reports (where an extension has been granted) 13 and 19 months
Final Progress Report (unless a further extension is granted by the court) 24 month
https://www2.asx.com.au/markets/company/ccz
Preliminary metallurgical test-work on samples extracted from drill-hole BO_318RC1 at the Big One Deposit – within the NWQ Copper Project in Mt Isa’s copper-belt –produced a concentrate with confirmed upgrades ranging from 5x to 10x for copper metal (Appendix A & B), with the best result:
? Copper: 0.72% head-grade to 7.2% post-test-work (Appendix A & B)
o Further test-work is underway on samples from the Big One Deposit to determine the final optimal results, since this is an important proof of concept and de-risking exercise as part of the Board’s strategic intent to secure a processing agreement
o The Big One Deposit has already been significantly de-risked as the current global
inferred Mineral Resource Estimate (MRE) stands at 21,886t contained copper metal (2.1Mt @ 1.1% Cu2):
? Current forward plans include undertaking a third drilling campaign to extend known mineralisation via focusing on a sizeable known bedrock conductor north of the line of lode and incremental geophysical surveys to identify fresh targets2
o Metallurgical test-work is being undertaken for cobalt on drill-core samples from The Sisters Prospect in Broken Hill – results are due shortly.
Castillo Copper’s Managing Director Dr Dennis Jensen commented: “The Board is delighted with the preliminary metallurgical test-work results, especially with the beneficiation
potentially transforming the ore from the Big One Deposit into a viable copper concentrate.
Moreover, receiving these initial results now is timely as the Board is now ramping up efforts to
secure a processing agreement and clear path to market.”
130,000 for me at an average of 2.6.
Thanks for your efforts.
That's from a RNS just released