Member Info for news

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]

Bushranger [XTR] has a potential strike of 10km.
Ref: Xtract Resources Apr 2020 Presentation.
Think its Tooday's work?
Have a look.

Libero Copper just released results from its drill from BC:
97m @0.34% cu eq. [0.19% cu copper, 0.973 g/t ag silver and 0.189 g/t au gold]
PR said that they think the porphyry has a LARGE MINERALIZING SYSTEM.
2km strike potential.

Just shows.

Anglo Asian has taken a stake.

Tues, 4 Jan 2022
=Industry news -copper.

XTR's lengths are so much more than 97m. Libero is up.

XTR PHASE 1 DRILLING [under XTR]
There is already a JORC on Raceourse PRIOR to XTR getting in.
We, shareholders were told that the Phase 1 drilling at Racecourse was to UPDATE the JORC.
This was for 20 holes - now done.

XTR PHASE 2 DRILLING -Racecourse
This was for another 20 holes and almost done. Hole 38 plus was the last I heard but kindly check given it may be 39 now? This includes the SE ANOMALY [NAMED ASCOT].

HAVIERON
Newcrest FARMED-IN after JUST 9 holes at Havieron.
Allenby in a Rockfire note said that Newcrest paid US$x /oz for Havieron ie the basis of the JV deal?

PORVENIR
26 holes were drilled. MRE due perhaps on 23 holes but not sure on whether 23 or 26 holes until results are out. Dr Rochlach said 18-23 holes for MRE in general in the past.
Porvenir is a more surface deposit vs Alpala when Dr R commented on MRE's.

Even for Alpala, there has been 3 MRE's @ MRE #3.

So, NO VALUE Question etc?
Mr Bird, XTR Chairman on Sunday Roast yesterday said that Kimba...sold for $265m had
loosely inferred so kindly check.

Racecourse
Mr Bird will update further once the updated JORC is done if that is still on.
Mr Bird's Mankayan will have their JORC updated and like all co's doing so, the deposit becomes bigger due to cut-off.

Just for discussion as Mr Bird will no doubt tell us shareholders.

From what Mr Bird has said about majors, I do not think that AA ...?

Mon, 3 Jan 2022.

Today is a public holiday with the stock market closed.

My HL account [external page] is SHOWING a share price of 5.3p for my XTR shares.
This is NOT the SPREAD price as the mkt is closed.
Mkt Cap is £46m.

IF I have NO XTR shares, I CANT give out what HL shows to be the PORTFOLIO share price they put on my XTR shares.

Others may have a different price if they are with other brokerages.

Just to answer previous comment.

Mon, 3 Jan 2022.
News, Shareholder of XTR

P.S.
Mr Bird in other interviews mentioned majors? I have to check my notes if I have not thrown them out. Gixxer600 said in the Colin Bird footage, the part they have and said in the meeting ie AGM or Evening with Mr Bird in London mentioned a major and what they said?

Gixxer600 posts can be checked.

contd:

COBRE PANAMA-Panama, First Quantum
Cobre Panama has already STARTED copper production. Given it was in the Panama jungles , the capex came to some US$10 billion give and take. Its not easy to raise $10bn capex and the only other project I have seen with this capex is Gina's Roy Hill iron ore project and maybe Oyu Tolgoi in toto.

Cobre Panama is a more surface deposit and as Colin Bird said, it is about TONNAGE. So, Cobre Panama illustrates this tonnage hypothesis. In the end, Cobre Panama with 8 deposits came to 3.5bt of ore etc as posted earlier. However, Solg first posted about Cobre Panama and it was only 0.10% cu copper from recall?

AA-XTR/Racecourse
Mr Bird has mentioned that he has given them the HYPOTHESIS and no doubt they either receive the RNS's or it is sent to them. I have to research NEWCREST via their reports but from recall they may be looking to extend ...etc Cadia Ridgeway? Have to check.

FOOTROT
AA has re-checked the previous owner's assays using XRF.
So, this may also be DRILLED TESTED? Have to wait for what Mr Bird says.
Mr Bird uses the term bore holes but Solg uses test drill and the drill into the ore body [possible] is at a slant.

ASCOT [SE ANOMALY] -RACECOURSE XTR
The CHARGEABILITY is shown in the XTR presentation of Apr 2020 and therefore, they will test drill given the geophysics for Racecourse is a good indicator. Mr Bird has explained before on the science.

AFTER RACECOURSE?
Mr Bird appears to be NOT interested in JV's. So, after a potential sale which Mr Bird wants for Racecourse, what happens to BUSHRANGER? Mr Bird will enlighten, I am sure.

Mr Bird says he reads his forums so, he can kindly correct.

=news, Mon 3 Jan 2022.

Per Mr Colin Bird, Executive Chairman Sunday Roast Interview, 2.1.22:
"PUT A FEW B O R E HOLES INTO ASCOT" [Racecourse]

-If like Rio Amarillo, then the possible style will be 1 drill hole to the SIDE of the prospect,
1 drill hole into the MIDDLE of the prospect,
1 drill hole into the other SIDE of the prospect &
1 drill hole a bit further away to TEST for CONTINUITY."

ANOTHER PORPHYRY per Mr Bird
Possibly in the North side of Racecourse given Tooday did some test drills there and found copper mineralisation ?

Comment:
Kinross recently bought Great Bear for the Dixie project and paid C$1.8 Billion with NO MRE even. Mr Bird mentioned about Kimb...sold for $265m with LOOSELY inferred, no need or with no measured?

As for grades, Cobre Panama could quote a cut-off of 0.15% cu for a 1bt [a bit over] at GRADES of 0.26% cu copper. Like Cobre Panama, Mr Bird mentioned in an earlier interview they will be testing for the other MINERALS. But Racecourse is in a MINING AREA so there is infrastructure.

Mon, 3 Jan 2022.

Sunday Roast Interview with Colin Bird, Mon 3 Jan 2021.
"OPEN PIT
400-600m tons of rock & growing. CUT-OFF probable 0. 1 5 %. Grade TBD based on assays."
Was hopeful/confidence that growing open pit at Racecourse will provide --2MT- Another system probably as LARGE or LARGER than Racecourse."

TIMELINE:
"Plant to present to Anglo BY June 2022 . Refuse, open to everyone. Wants a sale. Very well against JV."

"Apr 2022 Modelling."

SALE OF KALUMBILIA
"$265m based on LOOSELY INFERRED-demand for copper much higher than NOW."

My Comment:
Cobre Panama was developed by First Quantum in the Panama jungle.
INFERRED for 3 deposits ---1.093 Bt----GRADE 0 . 26 % cu copper, 0.005 mo, 0.04 g/t au gold & 1.08 g/t au silver."

CUT-OFF 0.15% cu.
Capex was very high due to being in the jungles of Panama.

With thanks to Steve4077 fr the notes.

------------Thank you so much Mr Bird for the clarity--------------
News, Mon 3 Jan 2021.

Thanks joesnatch & Ford12833 for asking after me.

I saw the KDNC RNS on Twitter relating to Amapa iron ore project, Brazil and share price rose 25% and today 12%.

I am in on KDNC's LITCHFIELD & PICASSO LITHIUM projects. Per the financial report, KDNC could not take on Amapa and these 2 lithium projects in Australia as well so they optioned it out.

Awaiting lab results on rock & soil samples and the keenly awaited one is LITCHFIELD, 900m to the boundary of Core Lithium's FINNISS project, Northern Territory, Australia.

News, Fri, 31 Dec 2021

Greatland has issued an RNS today relating to the above:
Under the Newcrest JV, option exercise by this date - each party to notify the other.
The Option will be the AVERAGE of these ASSESSMENTS if BOTH PARTIES are W I T H I N 10 %
of each others, then the AVERAGE OF THEIR ASSESSMENT.

In short, GGP, you put out an assessment.
Newcrest will also put out an assessment of what 5% fair value constitutes.
IF, BOTH assessments come within 10% DIFFERENCE or what is generally known as STATISTICAL VARIANCE, then they will take the average of the 2 assessments.

XTR have an agreement with AA under terms specified. As I said, all assessments should come within the ACCEPTED STATISTICAL VARIANCE so 10% is mentioned in the said RNS.
Variance is usually never MULTIPLES eg £1 to £20.

Interesting IF come the time of the XTR/AA option if it comes about.

Tues, 21 Dec 2021.
=INDUSTRY NEWS=OPTION EXERCISE PRICE [Mining news]

"Rio Tinto plan for Serbia lithium mine suspended, after protests on opposing the $2.4bn mining operation.

This combined with NEW LEFTIST PRESIDENTS in Chile, & Peru BLOCK MINING and certain OTHER JURISDICTIONS are going to start attracting PREMIUMS." -4 hrs ago, Guardian.

https://twitter.co/WallstreetsWolf/status/14727096475649
or https://twitter.com/AllstreetsWolf/status/1472979007096475649

Lucky250,

The infrastructure appears O.K but it is NOT a Tier 1 jurisdiction like XTR's Racecourse.

Neil Hume, FT Natural Resources Editor tweeted: "few corporate governance crinkles" re: shareholders not happy? https://twitter.com/humenm

I am not sure whether it refers to what folks are talking about on #lundin Twit thread ie
CEO of Jose is a Lundin selling to the mothership Lundin.

It always has to do with price ? See what folks make of it. Maybe, they think they should get more??

Copper Mar futures $4.30 -just saw it on Twitter but kindly check as I saw it flash past me but I did not take the link down.

Mon, 20 Dec 2021.
Like many of the S.A countries, as Mr Bird said, there's the usual? However, not sure about Argentine but I remember about Borders & Falklands oil and what a commotion that was?

Lucky250 & andmillsey

Captain Bob attended the AGM and Evening with Colin Bird. I recall Captain bob saying Mr Bird
was aiming for 1bt.

Jose Maria - A/c to Nick Hume on Twit, it appears that it has corporate govt .... Have a look.

In one of the articles, it appears the Lundins are interested in D I S T R I C T scale which they think Jose Maria could be?

On Twit, one said that the CEO of Jose Maria is a Lundin - selling to mother ship Lundin?
[thread Lundin].

Have to find out CUT-OFF and INFRASTRUCTURE - XTR Racecourse is in a mining area.

Lundin has just offered C$625 Million or US485 Million for JOSE MARIA Resources [Argentine].

-29% premium.

-Open pittable.

- **** 1, 0 1 2 BT average grade---- 0 . 3 % cu copper---- , ----0 . 2 2 g/t gold ----& 0.94 g/t silver.*****
[Using $3/lb copper, $1,500/oz gold and $18/oz silver study]

- 1 9 year life.

-6.7b lbs copper
7 Moz Gold
30.7 Moz Silver.

Posting on London South East for Mr Bird, Executive Chairman XTR to see since he said he reads the forums.

=INDUSTRY NEWS - M & A, 20 DEC 2021.

---Average grade ------------0.3% cu copper !!!!
---Average grade ------------0.2% g/t gold !!!!

@causal, 7.24, Fri, 17 Dec 2021

As a courtesy to your question to me: No, I havent heard any gossip as I dont tend to listen to whispers. I checked my account today, Mon, 20 Dec 2021 and it is still the same price
in the external page for days.

I checked the CCZ RNS of 25 Nov 2021 relating to Litchfield: "650 surface assays for Litchfield remain in process queues at the lab."

So, come 25 Dec 2021, that will be 4 weeks.

Personally, I am not over-exposed in CCZ and consider it option money for Litchfield [& or Picasso] although not everyone will have the same strategy.

Why option money? It is dependent on the assay results from Litchfield first, then maybe Picasso lithium in N.T & W.A, Australia. Not much choice in the market as CCZ is closest to Core's Finniss DFS deposits, being 900m from Core's boundary.

Trust this explains matters. Oh, option money means ....only put in what one can afford to lose and all that relating to AIM stocks etc. DYOR.

=News=Mon, 20 Dec 2021

Charger issued an ANN last night about aeromagetics on their licence close to Core [CXO].
In the said ANN/RNS, Charger quoted the drilling results of Core for the new licences they bought.
In Australia, HC, one poster calls it over the fence ie Charger vs Core.

This is to the SOUTH of the Core licence area.

No assays yet for rock/soil samples from Charger yet but Castillo's coming assays for rock/soil will be really interesting as it is MORE NORTH to Core's DFS deposits.

Just waiting.
=INDUSTRY NEWS FOR BYNOE BELT, NT, AUSTRALIA=

I have just read the latest posts on CCZ Australia on HC.
[Top thread currently].

Yes, like me, the Aussies think that lithium is going to be THE thing to hope for for CCZ.

One Australian CCZ shareholder posted on HC, the MAP of the Core Lithium acquisition ADJACENT to their Finniss and CCZ's LITCHFIELD.

I have now seen the map and did NOT realise that at the TOP, yes CCZ's Lithfield is 900m from the Core boundary of their DFS LITHIUM DEPOSITS but further to that, it STRETCHES to the NEW
CORE ACQUIRED LEASES [near the Southern part of Core's 2 other deposits].

In other words, NOT ONLY IS LITCHFIELD [CCZ] ADJACENT TO CORE'S FINNIS DFS DEPOSITS BUT STRETCHES TO THE NEWLY ACQUIRED CORE LEASES and ADJACENT to Core's SOUTHERN DEPOSITS as well.

Have a look on HC CCZ, Australia.

9 Dec 2021.

https://www.economist.com/the-americas-how-bolivian-lithium-could-help-fight-climate-change/
Economist, 11 Dec 2021 Edition

"The Salar De Uyuni , a salt flat in Southern Bolivia is so vast and so what, you can see it from the MOON....spans 10,000 km...roughly the size of Kosovo.

Rio Grande, dusty village, 25km from a PILOT PLANT for lithium carbonate...2,000 residents have invested in lorries to serve the plant and built simple hotels for workers for what they expect to flock to the area any day now."
==NEWS=

NEW RULES
Any main mkt co must have a minimum capital of £30m and for AIM £6m.
Clontarf is a £2m mkt cap co at 0.25p.

Core Lithium on 8 Dec 2021 issued an RNS: " Core acquires 6 highly prospective ML's ADJACENT Finnis."

Core also released some drilling results : 9m @0.67% Li2o,
22m @0.74% Li2o, 5m @0.91% Li20 inc 2m @2.26% li20 , 2m @0.02% Li20
and 2m at 0.61% Li20.

Core Lithium's MKT CAP is A$867 million at A52c.
---
Castillo 's Litchfield assay results for soil and rock chip testing will be out per the last RNS.
Litchfield is also ADJACENT to Core Lithium's Finnish lithium project, Northern Territory, Australia but the difference being it is 900m over the boundary to Core's DFS DEPOSITS.

The adj leases Core has bought as above are ADJACENT to 2 deposits SOUTH of the DFS deposits.

So, the assay results are keenly awaited for Castillo's Litchfield.

CCZ's mkt cap £21m @1.6/1.7p.

As I said before Monax Mining on ASX [name changed] did issue assay results for the Eastern side of Litchfield. I will get the link later.