Member Info for news

"Today*s Market View: Amur Minerals, Ariana Resources and more..."-Proactive Investors UK, Thur, 30 Sep 2021.

"Additional payments of A$1m in shares are payable on COMPLETION of 2 HOLES situated 100-200m apart which each produced assayed intercepts GREATER or EQUAL to a true width of at least 10m @1.3% Li20

& a 2nd payment of A$1m, IF a JORC COMPLIANT TOTAL INFERRED RESOURCE of ------at least 7.4 MT @ 1. 3 % LI20 as modelled by SPK Consulting."

"A 2% NSR is payble in the event of a commercial mining operation COMMENCING."

"The L I T C H F I E L D project is located near Darwin and BORDERS THE FINNISS LITHIUM PROJECT which has 4 demonstrable SPODUMENE lithium project
and --------CONTAINS A JORC COMPLIANT TOTAL RESERVE...[OF]...7.4MT @1.3% LI20."-----

My Comment:
Wow. The above from SP Angel on Castillo Copper today, 30.9.21 means that PAYMENT OF A$1m [x2] is subject to 2 conditions, the 2nd of which means:

LITCHFIELD MUST PRODUCE IN TOTAL A JORC SIMILAR TO CORE LITHIUM*S FINNISS PROJECT AT ---------7.4MT @1.3% LI20.-------!!!! {{AT LEAST}}.

I will type the rest about Picasso later as rushing for dinner. To read the full article, type the title into the search engine to check.

What does that say? Castillo needs to PAY NOTHING of A$1m x 2 until the 2 holes produce the above results and the 2nd payment ONLY IF LITCHFIELD IS THE SAME JORC AS CORE LITHIUM*S FINNISSS PROJECT {Core *s mkt cap A$600m+]

Core Lithium is Australia*s next lithium producer for spodumene and has a mkt cap of A$600m.
Earlier, it was A$700m.

So, it is well known that Australian LITHIUM listed co*s have very high market caps as seen by Core etc. As said by one poster in Australia, Core*s share price rose from 5c to 40c+ on their journey from buying the Northern Territory licence from Liontown Resources [ASX listed].

According to Stockhead.com.au, COPPER is "hot" but LITHIUM is "SCORCHING HOT."
As such, it is good to know that CCZ is hedging in 2 green metals ie copper and lithium.

More so, Litchfield is 900m from the Core Lithium, NT, Oz BOUNDARY where Core*s DFS lithium [spodumene] deposits lie.

Core is Australia*s lowest cost producer and highest grade lithium per all their blurbs etc.

So, it is of interest.

So, as for me, I am pleased to see that for a modest sum via script, CCZ has seized this opportunity given Stockhead.com.au gives lots of coverage as there is interest in Australian lithium projects.

I am NOT aware that it is Cadence that approached CCZ to buy into Litchfield and Picasso as suggested. Why? Cadence only OWNS 29% of Litchfield & Picasso whilst the 71% PRIVATE CO owns the MAJOR SHARE. No one knows if Cadence period of take up the further option to increase up to 100% has EXPIRED given it is not open forever but subject to agreements.
So, it may well be, that it was put up by the private co to the Australian market and CCZ decided to take it further. Cadence may be the face of the option agreement but they are minority holders.

Cadence has a iron ore project and also Sonora lithium project plus EMH and as the CEO has said, they have to concentrate on their main project at Amapa which will take up management time and money. Money cant stretch so many places as norm?

In the same manner, Liontown sold Core the NT lithium tenement. Charger was sold another lithium tenement in the Brynoe area in the NT by another ASX co. So, this happens all the time given all these co*s have to concentrate on projects that are strategic to them.

I think that if one is in the industry, they will hear of these potential sales - I gather the private co is Australian that holds 71% of Litchfield/Picasso but I have not tracked to any great extent.

Hope that clarifies.

Exercise of warrants - 9.240m = £69,306.

Power Metal Resources tweet, 1 hr ago, 30.9.21
"Thanks for the registrations re: POW IPO online.
Over 160 people registered so far."
https://twitter.com/PowerMetRes
[This will be Day 2 since the RNS. Day 1 had 120 registrations].
----
There*s just the few of us updating on the RNS and PJ/POW tweets post RNS.
I posted because I noticed that even for Molopo Farms recent RNS, NO ONE is posting that an RNS has even appeared. On most stocks, the CEO does NOT inform on a regular basis as to progress but PJ is good to let us know so that shareholders at NOT in the dark.

For example, I wanted to know the READING on the gravity etc ie WALLAL vs Havieron.
The FDR presentation of Sep 2021 is helpful as that information is given as well as the siting of the 2 BULL-EYE ANOMALY + 1 more licence to come at Wallal.

Hope that clarifies.

"WALLAL , PATERSON, WA, AUSTRALIA

2/3 licences.
Acquired FDR.
KEY TRIGGER.
Listing London.
2 MAIN BULL-EYE [Eastern/Boder] SEEKING HAVIERON DISCOVERIES OF GOLD & COPPER.
BIT OF A GAME CHANGE FOR POW."

https://twitter.com/TheMarketBullAu/status/1443579931242352657 30.9.21
Re: Granting of 2 Wallal Licences, Paterson,WA, Australia RNS 30.9.21

"WALLAL LICENCES GRANTED

FDR Western Anomaly 5 km x 5 km.
FDR Eastern Anomaly 2.5km x 2.5km
FDR B O R D E R ANOMALY 1km x 1km [30% RIO TINTO & 70% FDR WALLAL]" [Pic shown]

https://twitter.com/Youngin74703257/status/1443576077918474250 30.9.21
"Grant of Wallal Licences Wallal Main & Wallal West 2."

Comment: As for the Wallal BORDER Anomaly, W O W, 70% is owned by POW whilst RIO has 30% of the licence? Appears the bull-eye is more to the POW SIDE OF 70% VS 30% RIO.

"Revenue gold sales £0.16m
Cash: £8.08m
Net Assets £21.45m [FY 2020 £10.74m]
Raised £10m from equity."

"IPO will now accelerate.

2 exploration licences host magnetic bulls eye granted.
Third licence expected shortly Wallal West 1- 3 magnetic bulleye.
Post FDR IPO, POW will own 75% of FDR."

POW -Paterson, WA, Australia.
Link: https://www.powermetalresources.com/project/paterson-province/
See the map in the POW Paterson licences which is near Rio Tinto*s Winu copper project, Paterson, WA, Australia.

POWER METALS PRESENTATION ON PATERSON , WA [WALLAL PROJECT]
https://www.powermetalresources.com/wp-content/uploads/2021/09/FDR-Pres-September-2021.pdf

"WALLAL PROJECT"
"The Havieron deposit is co-incident with a MAGNETIC GEOPHYSICS BULLEYE ANOMALY
[see bottom right] which was detected by AIRBORNE MAGNETIC SURVEY.

COMPARABLE HIGH-PASS FILTERED FOR HAVIERON [bottom right] and the EASTERN MAGNETIC ANOMALY BULLS EYE AT WALLAL [upper right].

These magnetic anomalies have similar AMPLITUDE: APPROXIMATELY 80nT for HAVIERON AND
-------------1 0 0 nT for WALLAL EASTERN ANOMALY. The Wallal Eastern Anomaly is SLIGHTLY LARGER than the anomaly at HAVIERON."

"GEOPHYSICS INVERSIONS [IN P R O G R E S S ]- Several geophysics inversions will be conducted, as well as a passive seismic survey...better understanding of size, depth, location of the multiple buried magnetic high targets found within the property."

"Corporate: FIRST DEVELOPMENT RESOURCES IPO LISTING - TARGETED FOR Q4, 2021."

"WALLAL-PHASE 1 DRILLING : PLANNING EXTENSIVE DRILLING CAMPAIGN following up on R E S U L T S from ONGOING exploration programmes which will COMMENCE F O L L O W I N G
FDR UK IPO, providing investors with HIGH-IMPACT drilling related news flow."

Lots to read, 10 pages of presentation.

N O R E S U L T S????
Above POW*s results per their own verbatim black & white statements etc.

30.9.21

Quite a lot of people may not be aware that after Cadence acquired the initial stake in Litchfield & Picasso, they hired a Geological Consultant to do further work on the two Australian lithium projects, one, Litchfield near Core Lithium [A$600m mkt cap in NT,Oz] & the other, Picasso near Liontown, WA, Oz.

This Geological Consultant found via WA Geological Survey that at Picasso: "At least 7 0 potential mineralised surface pegmatites have been identified."

At Litchfield, NT, Australia, "Northern Territory govt STAKE platform - 3 5 mineral occurrences with 1-2km of the Lithchfield project boundary."

It is also 900m to the Core Lithium deposits. CXO has 4 lithium deposits across Litchfield at the time of the Cadence RNS of 2019. Also, Litchfield "is very similar to CXO geo which has been verified by magnetics & radiometric survey."

Kiran Mozaria, CEO of Cadence in his last interview also said that Litchfield is near Core*s {CXO]
DFS deposit/s.

Cadence also said from recall that the Geologist Consultant would follow up on the ground on the Australian lithium project.

Lot to check from the Cadence RNS from the archive as to the further work they did after acquiring a initial %. By the way, from the option agreement , it is understood that Cadence will receive 29% of CCZ [equity exchange] per the option agreement which is up to A$3m.

Stout
GH has a CFA [Chartered Financial Accountant]. I re-checked last night from his Linkedin.

EV_Bull
I did qualify that from the interview: 29% [exchange of equity].
The exchange of equity is per the option agreement of up to A$3m.
So, hope that clarifies. The option agreement has already been via CCZ RNS.

I posted before from the Xtract Resources Apr 2020 presentation when I first came to this forum when XTR had acquired the Bushranger project and were about to drill in Dec 2020. This was my reason to invest since I was not interested in the legacy assets:

https://xtractresources.com/wp-content/uploads/Bushranger-Summary-Presentation_April.2020.pdf

"XTR BUSHRANGER, LACHLAN FOLD, NSW, AUSTRALIA Pg 3/13: Multiple IP, magnetic geochemical features indicate the potential for the project to host A CLUSTER of copper-gold porphyry deposit S I M I L A R to CADIA-RIDGEWAY."

"Pg 4: Map shows Cadia-Ridgeway 3.5Bt 0.26% cu copper & 0.4g/t gold."

Comment:
Colin Bird, Executive Chairman, XTR in his weekend podcast which I have not listened to, but going from the discussion, is Mr Bird in saying that Bushranger is for bigger players indicating what the XTR presentation above stated?

Thanks.

30 Sep 2021.

A new interview by Kiran Mozaria, CEO of Cadence Minerals [KDNC] is just out on Vox Markets [No 372]. Thanks to TraineeRetiree on KDNC forum at 11:50am, 30.9.21

From what I could make out:
"KDNC has granted CCZ an option for their Australian lithium project.
If successful, KDNC will have 29% of CCZ shares [exchange of equity].
CCZ will acquire 100% of the Australian lithium project/s [KDNC has 29% share].

KDNC wants to de-risk management time as they have the Amapa iron ore, Brazil already.
KDNC also wants expose to copper via CCZ, a green metal.

Mr Mozaria said 600 samples out to assay [Australian lithium project] to see if there are trace metals including lithium and for PEGMATITE THE GRADES.

NEXT STEP: AUSTRALIAN LITHIUM PROJECTS
DRILLING. CCZ WILL HAVE THE CAPITAL ALREADY ------NO DILUTION--------.
COST OF DRILLING: $1.3 MILLION."

Comment:
On the Australian CCZ forum, they said CCZ has $10m.
To listen go to London South East Member: TraineeRetiree for the link today 30.9.21 @11:50.
With thanks to TraineeRetiree.

Well, Paul Johnson, CEO of POW said to reach out to him if we have any questions.

I would NOT have mentioned the name except another poster already used natural logical and reason to name the potential in-coming Chairman?

On Twitter, it was also mentioned.

Maybe, it is an outsider but one would think it may have to be a fund manager type. Why?
Essentially, POW has investments as said by PJ, CEO + other projects that will be spun-out.
POW is not a 1 main project co like say Sirius Minerals @potash at York [no longer exists]. At Sirius Minerals, they need to raise billions so a banker goes in to run it as CEO. Just a fund manager may not suffice as he may need to be a CFA [Chartered Accountant] as the finance is going to be complex ie how to manage listed/unlisted investments + portfolio of projects given cash flow is important [treasury].

As PJ mentioned to Sarah Lowther in the interview, YES, a Chairman is necessary. Due to new rules on corporate governance, there needs to be a different Chairman - CEO.

So, we await the new appointment. However, given PJ is open to discussion/questions one can ask him directly and see what he says. One can say, we got talking and many people think a fit with Mr X for our Australian project may be ideal but we dont know for sure etc.

CCZ has a 90 option to buy the above from Cadence Minerals [RNS 29.9.21 from both co*s].

On Hotcopper CCZ, Australia [thread at the top: Lichfield [nr Core Lithium] & Picasso [nr Liontown], see the latest post today at the end which cites the Cadence Minerals RNS of 2019
wherein they hired a Consultant Geologist to work on the above 2 project and what he identified from Geological Survey WA mapping for Picasso and Northern Territory govt S T R I K E platform. See the number of the pegmatite details.

https://hotcopper.com.au/asx/ccz

Stout

Fellow Greatlander- PJ told Sarah Lowther: We got to be a bit careful - GGP people...
PJ didnt want them to think that Wallal in Paterson, WA was going to ...

If PJ wanted Gervaise Heddle to run CGNR in Ireland and they couldnt win the Court case, then logic says Mr Heddle is free.

If that gets announced any DAY soon, then it would be e x p l o s i v e in the Paterson, WA, Australian scene including London. Everyone has twigged that given Mr Heddle is free and in Sydney.

Stout

YES, YES, YES, YES.
Clue-PJ : NEW MAN WILL BRING V A L U E.

From Charger Metal Presentation, it shows Cadence Minerals [KDNC] owns 3% of Charger Metals listed on ASX. KDNC is one of the 20 largest shareholders in Charter.
https://chargermetals.com.au

Charger is looking for LITHIUM near Core*s Finniss lithium project, NT, Australia.

CHARGER-BYNOE project occurs within the Pine Creek Orogen, which includes the BYNOE PEGMATITE FIELD, 1 of 3 fields within the 1 8 0 km long LITCHFIELD Pegmatite B e l t extending from Darwin Harbour to the North, to the Wingate Mountains to the South.

Project is located approx 38km southwest of Darwin in the Northern Territory."

https://chargermetal.com.au/projects/brynoe

Comment:
So, Cadence*s Litchfield and Charger are in the North.
On HC, they said that LIONTOWN Resources sold THE NT LICENCE TO CORE LITHIUM.
I checked and it is correct - it was sold for A$3.5 million. Liontown wanted the money to develop something else. Wow, the rest is history given Core*s mkt cap is A$600m now whilst earlier A$700m.

So, Kiran Mozaria is keen on lithium near Core.

contd
then either SPIN-OUT for another management to take the risk of DRILLING after doing all the INITIAL WORK like they did at GGP Havieron.

Some POW is keeping at the moment given Alan Green mentioned that it is NOT just 1 project risk but there are 13 if one doesnt turn out.

Given Alan Green said there are 6 IPO*S potentially, let us say, we take a conservative figure of £5m for each one = £5m x 6 = £30m. However, Alba just spun out Green Roc as Greenland is hot and the mkt cap on IPO yesterday was £11m. Alba gets to KEEP 54% of Green Roc shares post IPO.

As for the SCHIEBER licence, First Class Metals [FCM] will also IPO hopefully this year. On Twitter, First Class Metal [just type this name into the window] showed a short video of a young female geologist showing a ROCK SAMPLE from Schieber with #POW so this must be from the POW LICENCE. Have a look - it is shown close up and one can see with the naked eye.
Someone on Twitter said that this FMC IPO via London is one to watch for. I have not done a lot of work on it but one can see from the map that it sits amongst all the BIG GOLD MINES in ONTARIO.

So, just to provide an answer- PJ DOES ALL THE NECESSARY WORK NEEDED on a LICENCE as said like Geophysics, aerial, magnetics etc etc. Then, if it is prospective and IN A HOT MINERAL POSTCODE like Ontario, Canada, FMC buys into it. When FMC DRILLS and the results are good, the MKT CAP WILL N O T be the same as when they IPO*ed. Same for ALL EXPLORATION CO*S , pre & post drilling.

bonker0801
Thanks for the list.

DICKIE3TIMES
LoL. I thought that myself. PJ [CEO, POW] revealed recently that he started with £7,500.
Market Bull has published a new article recently but no one saw it. However, he said in this interview that he had very little money and A YOUNG FAMILY. He also said what his father did as a living - this I liked a lot.

PJ said some time back in an interview with Proactive Investors about his investing that he was just like one of us. By this, I think he may even have posted on stock forums because I recall he said he knew who to follow. I think that after he made some money, he was able to get into the board of Metal Tiger. PJ*s Chartered Accounting Degree comes in useful as he specialised in risk when he worked at the insurance co as a Risk Adjustor. As I said, I dont know much about PJ*s days at Metal Tiger. I did look but it did not appeal as I was only interested in Tier 1*s and at the time, it had not reached Tier 1.

So, PJ must have made money at Metal Tiger since he worked on the co, so much so when Sprott invested, this was the credibility needed.

Then, PJ went on to GGP, at a time of the failed Ernest Giles event when Newmont withdrew.
Callum [GEO] had to step-back from being CEO. PJ then interviewed Gervaise Heddle from Sydney, a fund manager. GGP had to be RE-STRUCTURED and RE-FINANCED. The placing was about 0.10-0.13p. PJ said in that interview above that he has a target of 9X so he sold his GGP shares because he had a tax bill, divorce bill and his wife wanted him to take money off the table given his young family.

Then, PJ also did re-financing at ECR and Rock as well but the latter I am not sure as this is from recall. So, using CFA skills as a chartered accountant, PJ was able to do the corporate work which needs regulatory knowledge etc.

PJ invested in CGNR but not to the extent of 9% as he has now in POW. Usually, PJ take a 3-max 6%. Both PJ and Gervaise Heddle were going to go in to run CGNR with potentially 45km of Irish strike. PJ*s backer fought the CEO who was a former Irish politician all the way to Court but they lost and could not throw out the CEO. The co has gone on to JV at a very good deal with a Fortunate 500 co recently.

I think this was the TURNING POINT FOR PJ. IF THERE WERE NO MORE POTENTIAL SHELLS TO BUY INTO TO RE-STRUCTURE, RE-FINANCE, then he would be stuck given he does not appear to want to take on a co with no potential.

Hence, I think that is how PJ went on to the NEXT STAGE. Why let someone else look for a project like Havieron? GGP bought the Havieron licence for some $250k and had to do geophysics before they drilled. PRE-DRILL GGP was around £25m , POST DRILLING RESULTS, it just shot up and up to £1.4 billion at one stage.

So, PJ is doing the SAME FOR POW. GET THE LICENCE OR BUY THE LICENCE TO A PROSPECIVE project, DO THE GEOPHYSICS, take samples, do trenching if necessary which is cheap, run aerial , do magnetics etc