Member Info for news

Eagle Mountain Mining issued an ANN, 14.1.2022: "HIGH GRADE ASSAYS underline resource expansion potential.

EM2 -share price Australian 65c with market cap of A$149.2 Million [copper play].
==
Charger Metals on ASX, Australia +25% at 72.5 cents @A$36.56 million mkt cap.

I just checked.
===
E X C I T E M E N T NOW ON NORTHERN TERRITORY LITHIUM.
First Charger which is away from Core's DFS lithium deposits, NT, Australia and now
we shareholders await the CADENCE LITCHFIELD assays results [900m to the boundary of
Core Lithium DFS deposits at NT, Oz]

News, Mon 17 Jan 2022.

"CHARGER METALS TARGETING SUGGESTS LARGE LITHIUM SYSTEM AT BYNOE."-Market Herald, 17 Jan 2022

"Found 2 large target zones. This system could be CONNECTED TO CORE LITHIUM'S FINNIS LITHIUM PROJECT." !!!

"11m @1.42 Li2o
19m @ 1.21 Li20"

Charger Metals on ASX, Australia +22% to Australia 71c.

KDNC owns 1.98% of Charger.

Aussies [HC, CCZ] said that Cadence did not have to return the £50,000 to CCZ given it was
non-refundable.

However, CCZ had exceeded the option period - the assay results from Litchfield, NT, Australia were still pending.

The assay results will be out shortly but this will be announced by Cadence now?

Just waiting.

News, 17 Jan 2022.
I am not wording it too tightly for obvious reasons.

EV_Bull Fair enough, peace out.

EV_Bull
You remind me of another poster who starts his post with YOU ARE WRONG NEWS
or you are incorrect news. I notice you dont do that with others on kdnc or kdnc.pl?

It is more classy to just provide the link without you are wrong, you are incorrect.

If any link is faulty, just type up the title or cadence minerals litchfield.

We are all here to help each other, have goodwill as everyone is trying to help out with research.

Now that CCZ is no longer taking up the option, I posted just to let folks know that if they are interested the assay results will be out shortly/soon?

But CCZ has now changed course to cobalt and that is what HC is discussing now.
I am going to try to look up the nearby Aussie co's.

news, Sat 15 Jan 2022.

Cadence Minerals has now posted the Litchfield lithium project BACK on their website.
https://www.cadenceminerals.com/project/It-Is/

"Pleasingly, the current owners undertook a comprehensive sampling ...collecting up to 600 soil and rock chip sample which are PRESENTLY being analysed in a LAB. The assay results which are DUE BACK SHORTLY will form a SIGNIFICANT COMPONENT of the PRELIMINARY DUE DILIGENCE."

I checked the Cadence Minerals RNS the next day after the CCZ Australian RNS/Ann.
I also checked the Cadence webite and found the LITCHFIELD details back up again with the LAST PARA ABOVE being new.

So, whilst that may NO longer be o interest to CCZ shareholders given the option into Litchfield has now been rescinded, nevertheless, it will be really interest given we had waiting MONTHS
to know the ASSAY RESULTS.

Sat, 15 Jan 2022

For the avoidance of doubt: I listened to the interview in the dead of the night so hence
those who read must always check. I did QUALIFY by saying I have to listen to it again given
I skipped by clicking parts only.

Kiran Mozaria , CEO of Cadence Minerals said that there were 50 questions which is positive in that people want to know from Kiran Mozaria himself rather than what is said on forums.
Quite rightly so, given he knows a lot more from the inside of the co.

Some points of interest which I was impressed with given he spoke from a more analytical point of view which other in finance want to know:
- The Amapa valuation was based on the producing mine and so forth. [para phrased]
So, this is cleared up.

- The market had not given KDNC...
The opex etc changes and from this I gather the market did not want to do sums constantly?

-The capex for Amapa was also elucidated ie % to be financed by X, Y , Z.

-Kiran Mozaria made clear these were estimates.

-Relating to Ganfeng, it was also clear and the questions were very interesting relating to the
structure etc. So, Kiran Mozaria said he was "open to reasonable offers".

-Lastly, of interest, Mr MozarIa said they DO INTERNAL "valuation"/NPV but these are NOT MADE KNOWN which could "affect" [another word was used] NEGOTIATIONS.

So, all in all, I think this was a very OPEN, INFORMATIVE AND answers questions POINT BLANK
of which I wanted to know for a long time. Why? On forums one finds a common thread
on many and if the CEO cares to inform from BOTH A MARKET POINT OF VIEW and on the ground wherein co/s speaking to KDNC will be NEGOTIATING FROM rather then ...
YES, FROM THE WORLD OF M & A [mergers and acquisitions].

If anything is wrong, then listen for oneself as the sound is not very good.

As they say, DYOR and do due diligence by checking for oneself.

I look forward to solving the Litchfield mystery as said and that may be when the
ASSAY RESULTS are released in an RNS.

News, Sat 15 Jan 2022.

Kiran Mozaria in the interview yesterday said that they are open to "reasonable offers."
This relates to the JV at Sonora lithium project, Mexico.
Understandably, there is ONLY 1 buyer for Sonora ie Ganfeng after taking over BCN [Sonora partner]?

Kiran Mozaria also touches on whether they can undertake the project etc at Sonora.

So, have to wait and see.

Sat, 15 Jan 2022.

I had to skip parts and come to the Q & A.

If I heard correctly, I think Kiran Mozaria, CEO of KDNC mentioned £20-£30 million profit.
However, given iron ore is priced in US$, then is it £20-£30m or is it US$20-30 million?

The share price showing on this page is 27p/31p with a MKT CAP OF £42 Million for KDNC.
So, if it is mid-point US$25 million profit [gross or net?], it is about £19m profit [FX say $1.35>£]?
At P/E 10, that's about say £200m or P/E 5, £100m.

DL did say that the sp could go back to the former times of REM [old name] days.
Yes, £100m should be about when REM was at the high of 2.25p =£95m.
Then, at the 5p party, that was about £200m+.
This is just a look at the historical to check what DL said in more recent times.

I will have to LISTEN AGAIN when have the time.

LONG DISCUSSION HERE about profit, potential sp etc.

Now, Kiran Mozaria, CEO of KDNC has put forth the figures clearly.

News, Sat 15 Jan 2022.

Today, Fri, 14 Jan 2022, an RNS came out thus:
"In regard to Litchfield and Picasso option with Castillo, given the recent increases in lithium compound pricing to over US$40,00 per tonne of battery grade lithium carbonate and the
PENDING ANALYSIS of the ASSAY RESULTS, we see the unwinding of this option agreement as an opportunity for Cadence to EXTRACT A HIGHER VALUATION for the projects asset."
==The £50k was also returned to Castillo.

CADENCE WEBSITE:
"LITCHFIELD & PICASSO"
"Pleasingly the current owners undertook a comprehensive sampling of soil and rock chip samples which are PRESENTLY BEING ANALYSES IN A LAB.

The assay results WHICH ARE DUE BACK SHORTLY will FORM A SIGNIFICANT COMPONENT OF THE PRELIMINARY DUE DILIGENCE."

My Comment:
Cadence had DELETED the Australian lithium projects after the CCZ option in.
Given the RNS today, Cadence has now put back up the lithium projects on its website but with
A DIFFERENT PARA THIS TIME TOWARDS THE END as above.
https://www.cadenceminerals.com/project/It-Is/

Interesting but puzzling as to what Cadence means about PRELIMINARY DUE DILIGENCE ie FOR WHO? Themselves? Or? This is with regard to LITCHFIELD.
Have to wait for further update from Cadence once ASSAY RESULTS are out?

Fri, 14 Jan 2022.

There was an article by Proactive Investors last night, shortly after the
CCZ RNS in Australia entitled: "CCZ drops acquistion bids to harness battery mineral..."
[13.1.2022]. The article stated:

"SPURRED ON BY A STUNNING COBALT FIND."

My Comment:
On HC, CCZ, they had more insight to this cobalt project bought from WYLO of Andrew Forrest fame. Too long to repeat but Australia is NOT conflict cobalt and also it is near a recent JV project. If interested kindly read.

Cadence Minerals issued an RNS today, Fri, 14 Jan 2022 on project and corp update:

"In regard to Litchfield and Picasso option with Castillo, given the recent increases in lithium compound pricing to over U$40,000 per tonne of battery grade lithium carbonate and the PENDING ANALYSIS of the assay results, we see the unwinding of this option agreement as an opportunity for Cadence to EXTRACT A HIGHER VALUATION of this lithium project assets."

My Comment:
Pending assay results?
I am aware that Cadence has returned £50k to Castillo [pls check $ or £] .
What does Kiran Mozaria mean by extract a higher valuation? Did Cadence pull it back?

The wait for assays continue for Litchfield, Northern Territory, Australia.
[Castillo Copper - option into Litchfield [lithium spodumene] next to Finnis [Core]]
Thur, 13 Jan 2022.

There is a g o l d project in Western Australia via an AIM co.
Results were announced a few days ago which came from just a FEW HOLES with assays.
It is a more surface expression type prospect and whilst the assay results were quite good, they did not have the type of LONG intersection lengths.

However, based on HISTORICAL drilling and just the few holes, they could come up with AN EXPLORATION TARGET of 200-250mt for 2.5 Moz to 4.8 Moz gold @0.4-0.6 g/t gold.

Further to this. Ed has spoken to Zak saying per keith@lordsidcuplse: "So it is comparable to Australia's biggest ever gold mine and he also talked about the surrounding area and expanding their licence.." I have seen more comment on Twitter about this said interview and I think Ed
mentioned that potential CAPEX IS $1 billion.

XTR
Colin Bird, Executive Chairman, XTR has used another term called HYPOTHESIS which he has sent to AA and stated 400-600mt @TBD [to be determined by assays].
Also, potential capex is $700m.

Whilst I am sure that XRF has been done but it cannot be RNS' ed as norm -other co's dont reveal XRF either. Even with so few holes, Ed and geo's produced a exploration target derived also from historic drilling. The exploration target grades are MUCH lower than some of the results which appears to mean that they are taking BOTH higher and lower grade. Its norm that there is NO just good grades or just poor grades, but RATHER THE AVERAGE GRADE in the end for modelling.

So, just industry news although this WA prospect is gold and XTR is copper/gold etc.

On HC, they say that assay results are so delayed that one poster said one of his co's had still not obtain assay results from the lab yet after 4 months. I remember Havieron was also a long wait.

Just discussing that it is NOT only Mr Bird who does hypothesis but other co's as well and in rather similar fashion to be even able to produce potential capex with just a few drill hole assays vs XTR which is nearing 40 holes at Racecourse, in including historic drilling results.

Tues, 11 Jan 2022.

Per the chart: 17 Dec 2021
Hole 37 [In Progress]
Hole 38 [In Progress]
----
Someone mentioned Hole 39?

PHASE 1 & 2
40 holes in total. If I have time, I will go back to the original Dec 2020 info to see how I got Phase 1 - 20 holes and Phase 2 - 20 holes=40 holes in total.

COLIN BIRD
Possible 0.15% cu cut-off [Sunday Roast].

Another 18 holes if 7 a day. A bit ambitious so 10 days a hole might be not so tight a schedule.
Have to see what Mr Bird says about ASCOT.

Per Sunday Roast interview, Mr Bird:
400-600Mt estimate for Racecourse?
Per Steve Mocal, if 700Mt @0.3% copper =2.1mt contained copper.
[Not forgetting possible moly and silver being tested plus gold?]
Per captainbob, Mr Bird is aiming for 1bt [AGM or Evening with Mr Bird in London].

So, its about playing with the Mt and grade estimates.
This will be the AVERAGE grade when the whole estimate is done for ALL the holes.

So, if Ascot is as big or bigger per Mr Bird, then MULTIPLY -to be confirmed by results.

XTR Racecourse, NSW, Australia
JORC 71Mt @0.44% cu [This could be upgraded for lower cut-off if like other projects ie upgraded to the latest JORC standard of 2012]

Phase 1 drilling:
20 holes done.

Phase 2 drilling:
20 holes. Hole 39? Hole 40 [last hole] should be soon or half way or started?
So, maybe MID-Jan 2022.

FEB, MAR, APR, MAY, JUNE 2022
[April-Modelling per Mr Bird, Sunday Roast interview recently]

June 2022- SPEAK TO AA.

Feb, Mar, Apr, May 2022
=4 1/2 months = 18 weeks [includes 1/2 Jan 2022].

If every week, 1 drill = 18 holes max.

Mr Bird said he wants to do bore holes or what Solgold calls test drills which as I said can be 4 to START off with, ie 1 at the SIDE of the PROSPECT, 1 drill into the MIDDLE of the prospect at an ANGLE, 1 drill to the other side of the prospect and the last further away to TEST FOR CONTINUITY.

18-23 holes can be used to do an MRE per Dr Rohlach.
Porvenir will produce an MRE shortly on 26 holes but think the MRE may be on 23 holes?
Not sure as have to wait for the RNS.

So, SE Anomaly [ A S C O T] may have sufficient holes to get an idea to model[initial?].
Think they have already test drilled 1?
CHARGEABILITY chart vs Racecourse - have a look at XTR Apr 2020 Presentation.
Mr Bird thinks Ascot as BIG if NOT BIGGER.

For discussion given Mr Bird reads this forum etc and can correct if anything is not correct or somewhat correct etc.

5 Jan 2022.

RFC Ambrian Dec 2021 23 Copper projects out of 65 copper with high 3rd party inv.

**No 1: Pebble [USA] 36.96mt @0.339% cu** [Cant get permit to mine etc]
No 2: Tampakan [Philippines] 15mt @ 0.516% cu
No 3: Los Azules [Arg] 13mt @0.37% cu
No 4: Cascabel [Ecd] 11mt @0.348 % cu
No 5: Los Helado [hile] 10.6mt @0.363% cu
No 6 Vizcachitas [Chile] 7.7mt @0.374% cu
No 7: Altar [Arg] 5.96mt @ 0.423% cu
**No 8: CASINO [CANADA] 4.89mt @ 0 . 1 2 7 % cu**
No 9: JOSE MARIA [Argentine] 4.69Mt @ 0. 2 4 % cu
No 10: Caricico [Peru] 4mt 0.44% cu
No 11: Yandera [PNG] 3.08mt @ 0. 3 2 % cu
No 12: La Verde [Mexico] 2.9mt 0.39% cu
No 13: Costa Fuego 2.88mt 0.399 % cu [Chile]
No 14: KingKing [Phil] 2.88 @0.244% cu.
**No 15: North Met [USA] 2.81 mt @ 0. 2 4 7 % cu***
No 16: Los Calatos 2.68mt @0.76% cu
No 17: Santo Tomas[Mex] 2.65mt @0.323 % cu
No 18: Beutong [Indo] 2.43mt 0.478% cu.
No 19: While Park 2.43mt @1.053% cu
No 20: Haib [Nam] 2.4mt 0.301% cu
No 21: Cotabambas [Peru] 2.38mt 0.329% cu
No 22 Antakora [Peru] 2.29mt @ 0.44% cu
No 23: Mocoa [Colm] 2.1mt @ 0.33% cu [LIBERO COPPER]

AVERAGE GRADE: 0.345% CU [Dec 2021 report]
[Not sure if it is for 65 or 23 projects studied]

Part 2:
RFC Ambrian studied 65 copper development projects, 23 of which selected for 3rd party involvment. ALL over 2Mt contained copper.

LARGEST IS PEBBLE [Dynasty] in Canada at No 1: > 2 0 Mt
[39.6 MMt @0. 3 3 9% cu]

ONLY 4 HAD >10MT -------ONLY 3 HAD A GRADE ABOVE 0.5% cu.

***COPPER AVERAGE GRADE ---0. 345 % copper [exluding by-products].******
Previous report av grade: 0.449% cu copper.

https://www.orocoresourcecorp.com/_resources/blog/RFC-Ambrian-Copper-Projects-Review-2021.pdf

RFC Ambrian Dec 2021 Report-Copper Projects [>2Mt contained copper]
5 High M & A 3rd party potential:

Cascabel-Ecuador [Solg] 11.16 Mt @----0.348% cu copper.
Viscachitas- Chile 7.74Mt @---0.374% cu copper.
Casino-Canada 4.89Mt @ ----0. 1 2 7 % cu copper.-----[Rio has bought in]
Costa Fuego -Chile [Hot Chilli] 2.88 Mt @ 0.399% cu copper
Santa Tomas -Mexico 2.65Mt @ 0. 3 2 3 % cu copper

news=industry news
5 Jan 2022 [Thanks to Zoros who took it from GGP]