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chennowitz
Its good that you can do paste which is helpful with thanks for the others

CADENCE MINERALS RNS [2] - Lithium Australia
I found 2, one dated 4 MAR 2019 : "Cadence acquires prospective properties in Australia."-SP Global.

The is dated 10 Apr 2019: "Cadence Minerals: Update on Lithium assets."
[Australian lithium assets]

Comment:
I re-read the 10 Apr 2019 RNS again, from start to finish in case I missed some parts.
The co*s RNS did say that Geologist Consultant will do" SITE VISIT & FIELDWORK" in addition to all the other details about Litchfield & Picasso from NT Govt Strike platform & WA Geological Survey re 75 & 35 from recall. So check.

In the original 4 Mar 2019 Cadence RNS, from what I read and IF correct, they paid out £400k and £300k for their % which was raised from initial 4% to 31%. I think they issued script but had to top up due to price etc. Read the details as I have not got muo ch time.

MOST INVESTORS will not bother but I think it is helpful TO ME at least to see what KM, CEO of Cadence said at the time about Litchfield & Picasso. There is also financial reports [interim,annual reports] to check to see. So, loads to do if one is interested including looking at other reports to form a general overall idea only.

CCZ - sent 600 samples to lab for assay from Litchfield to "TEST FOR OTHER METALS" and "LITHIUM GRADE" but this is NOT FROM CCZ but from Kiran Mozaria in his audio interview for Cadence shareholders to let them know what their co is doing on Amapa & 2 lithium project [option to CCZ].

So, now we, shareholders wait. If one wants, one can do more including visiting etc if one is a geo etc. Or pay for reports if available? Etc Etc. All part of DUE DILIGENCE and how far one wants to go is up TO SELF.

1/10/21
I share the public info for data and therefore, its shared research.
Everyone helps out with thanks to chennowitz for the further RNS details for aprogerson.

Best always to make it CLEAR so that everyone knows what is the position.

I have done the best that I can but I am still looking.

aprogerson
In response, go to Hotcopper CCZ and see the title of their ANN as they call it in Australia, not RNS.
Link: https://hotcopper.com/asx/ccz/
So, the word "PRIME" is in the title of their ANN of recent days. Just to make clear that it is not my terminology. So, check.

Next, type out the title I gave from Proactive Investors UK ie Today Market View....of that date.
Have a look at the details given SP Angel also gave Conclusion which I did not type out on this forum nor what was for Picasso but only for Litchfield. So, have a look given it is STAGED and scaled in. However, the FINE PRINT I DONT HAVE as I only have what is reported ie I dont know what happens after CCZ*s SAMPLES COME BACK FROM THE ASSAY LAB [600 from Litchfield] .
By that, I mean whether they want to proceed or not and what the fine print/agreement says. I am not privy. However, Kiran Mozaria, CEO of Cadence is helpful in his interview to his shareholders yesterday. KM said that CCZ will send the sample to the lab for assaying to TEST FOR OTHER METALS AND FOR LITHIUM THE GRADE.

KM of Cadence also said in the said interview that 2 DRILL HOLES WILL COST A$1.3 million. That is perhaps something in fine print ie 2 drill holes. I am just assuming it is A$ although sometimes it is meant to be US$.

As to "prime", it is what CCZ stated in the heading.

That*s my take but check given sometimes, there is error in reading given I read so many RNS that I have got eye-strain, hence typos.

That*s the gist of the terms from what I read but read it up for yourself as that is DUE DILIGENCE & DYOR.

However, KM , CEO of Cadence RNS*ed in 2019 about hiring a Geologist Consultant and his findings. Again, I gave a gist with " " but do always CHECK as I COPY FROM NOTES, not paste.
My note pages use up the side of the page as well and in scribbles so I cant vouch 100% so always CHECK as there can be errors.

Do do more research if necessary as one has to try to find as much as possible to get the whole pic for oneself. This is common to all stocks, not just CCZ.

Hope that clarifies.

Thanks prickly.

However, got a farm video ?

Any short form notes from Colin Bird , Executive Chairman, BZT will be helpful. Thanks.

1/10/2021

Thanks chennowitz. From the title of the IPO as above, I could find more info on GMC. Thanks also for the fuller RNS on Wallal which helps others given I tend to look it up to read.

I found the PRESENTATION for Gold Metals Resources [GMC].
https://www.powermetalresources.com/wp-content/uploads/2021/07/gmr-latest-presentation-opt.pdf

From some of the highlights:
"Title: Seeking major gold-silver-copper discovery in highly prospective Nevada, USA.

Clean balance sheet."

3 directors: Mr Friesen, PJ and A.Bell.
All the prospect marked out and work-in-progress SPELLED OUT clearly in YELLOW and "PLANNED" in RED LETTERING. So, one knows what is going on etc.
---
A T T E N T I O N : N E W B I E S
From Paul Johnson, CEO, POW, 20 hrs ago: " We are determined to deliver a new type of exploration and corporate development business. Pushing hard, thowing VALUE event and funding major discoveries. NOTHING IS GUARANTEED. Keep your eyes on this story."
https://twitter.com/pauljohnson9691/status/1443590723379482634 1.10.2021

Comment:
We , shareholders are STARTING THE IPO JOURNEY with POW IPO*ing:
Golden Metals Resources [above in Nevada, USA]
FDR [Paterson, WA, Australia]
New Ballarat Gold Corporation [NBGC, Victoria, Australia]
First Class Metals [not POW but POW takes a stake given they sold Hemlo licence to them]
So far as "we" shareholders know about. I am NOT registered for the IPO so I am in the dark. Why? I can stretch myself over so many as I have to have priority over a few stocks.

Dickie3times has been round the block a few times just like me. I therefore have some experience under my belt. For those who are newbies, there is NO risk to take. Just read the forums, mark the stocks and follow the stories to build up some knowledge = NO MONEY PUT OUT=NO RISK.

So, there is RISK whether it is an FT100, 250 or 350 stock as risk can NEVER BE 100% ELIMINATED. RISK is even higher for junior explorers.

So, dont say oh we didnt know.

START OF JOURNEY - RISK VS REWARD TOLD by PJ himself given he once had £7,500 to his name with a young family per his own story in an interview. PJ has a bigger boss as I am sure you all know and this boss doesnt want "risk." As PJ said to Sarah Lowther, the boss doesnt know that he has £500k in POW - I think latest is 9% of POW.

DYOR. DO DUE DILIGENCE.
News. 1 Oct 2021.

I found the ANSWER to my post below from POW *s RNS of 1 Sep 2021
"FDR AUSTRALIA-NEW GEOPHYSICS BULL EYE TARGET."

"Magnetic targets identified at Wallal.
MAJOR AU-CU DEPOSITS WITHIN THE PATERSON REGION, I N C L U D I N G WINU [RIO TINTO]
& HAVERION [NEWCREST/GGP] WERE E V A L U A T E D IN COMPARISION TO THE WALLAL
E a s t e r n Magnetic Anomaly and determined to have MANY SIMILARITIES AND STRUCTURAL SIMILARITIES."

"The Havieron & Wallal Eastern anomalies have similar MAGNETIC amps ; approx 80nt
for Havieron and 100nt for Wallal Eastern anomaly. The Wallal Eastern anomaly is slightly larger than the anomaly at Havieron."

Wallal project, Paterson, WA, Australia [near Rio*s Winu]

Today*s RNS stating that POW has been granted the said 2 licences in Wallal with bull-eyes like Havieron is of interest.

The size of Wallal [3 licences in total with 1 licence more to go also] with bulls-eye anomaly with reading of 100tn vs 80tn for Havieron is interesting.

PJ will know from his days at GGP whether Rio, Antipa and Sipa had similar readings, geophysics etc. These are lodged in reports to the Australian mining dept as they are discoveries.

So, whilst NOTHING is ever GUARANTEED, nevertheless, Wallal *s drilling upon IPO will be really interesting as PJ of GGP RETURNS TO THE PATERSON, WA ONCE AGAIN VIA POW, not GGP.

PJ said today in the short video that WALLAL IPO WILL NOW BE ACCELERAATED. From other info, I gather it will be for end of year if possible?

Quite a lot of Greatlanders are here on this forum so we have some experience from GGP days.

30.9.21

"Rio Tinto delays WINU copper-gold production to 2024, partners unfazed."-SP Global, 19 Jan 2021
https://www.spglobal.com/marketintelligence/en/news-insight/latest-news-headlines/rio-tinto-delays-copper-gold-project-production-to-2024-partners-unfazed-62162627

The partners are Sipa and Antipa. RIO Farm-in to Sipa ADJOINING RIO*S WINU & the CITADEL JV*S with ANTIPA [exploration].

Citadel has a "HIGHER AVERAGE GRADE than WINU and does not have some of the Winu metallugical issues and even improve the Rio NPV & start-up expenditures."

"Rio -Sipa JV is 2km east of Winu and is even closer to SIPA*S BOUNDARY-gives the co confidence about the potential for a deposit to be FOUND ON ITS OWN GROUNDS."

"THE GOOD THING FROM AN EXPLORATION PERSPECTIVE IS THAT RIO CLEARLY NEEDS MORE RESOURCES TO ENSURE WINU*S VIABILITY, SO THAT IS GOING TO ENCOURAGE THEM TO D O U B L E THEIR EXPLORATION EFFORT." {Darvall said]

"RIO *S WINU- 503 MT declared in July 202."

Comment:
I said that Rio LOOKED EAST OF WINU as above for JV but NOT WEST OF WINU WHERE POW*S WALLAL is situated. 500Mt is NOT TIER 1. IT NEEDS AT LEAST 1BN. Winu*s grade is around 0.5% cu copper. Rio has to LOOK FOR A BIGGER DEPOSIT OR JV TO FEED INTO THE PLANT as it was reported much earlier that the bigger the SIZE of the DEPOSIT/S the better given the location.
Sipa is also trying to find another deposit on their own ground in adddition to the JV with Rio.
Same with Antipa. Both ANTIPA & SIPA HAS THE STRUCTURAL CORRIDOR TO HAVIERON COVERED but they NEVER THOUGHT WEST OF WINU to PEG!! That*s where PJ*s quick work has NOW SECURED 2 LICENCES IN WALLAL, PATERSON, WEST OF RIO*S WINU [today*s RNS]. One more licence to come at Wallal. ALL 3 HAVE BULLS-EYE LIKE HAVIERON and bigger as stated from the FDR presentation of Sep 2021 which was posted today on this forum Sorry not editing as its getting late.

Stunning. Never in my investing have I seen what SP Angel reported on Castillo.
Why? No A$2m [x2] until 2 holes drilled with specified results as detailed by SP Angel.

Then, no 2nd payment of A$1m UNLESS the JORC for LITCHFIELD, near Core Lithium*s Finniss project is AT LEAST EQUAL TO FINNISS JORC AT 7.4MT @1.3% LI2O.

So, Cadence is selling and collecting A$2m for the seller themselves at 29% + 71% for the Australian private co ONLY IF IT IS A FINNISS SIZE AND GRADE AT LEAST which does suggest it could be more.

Strange that just before this deal was annnounced on Cadence website on the Australian lithium projects , it mentioned that they were going for a JORC. Didnt know what they meant.
Sure is clear now given SP Angel has written on it today as said in my post below. 30.9.21

Too much to type up, so look at Castillo Copper for what SP Angel said about the sale BY KDNC of the 2 Australian lithium projects to Castillo.

Stunning 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.