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Just been over to the Australian CCZ site. The CCZ ANN {RNS] describes it as : " TWO PRIME LITHIUM PROJECTS SECURED ." CCZ is +15.6% in Australia.

The word "prime" is self-explanatory.

Litchfield as said is near Core Lithium *s Finniss Project in NT, Australia. Core*s mkt cap is A$600m+. Picasso is near Liontown Buildania project [lithium] Oz. Hence, why "prime" is used. Liontown *s mkt cap is A$ 2.92 billion.

As above, RNS today from KDNC.

On CCZ Australia, they also issued an ANN: " 2 PRIME lithium projects." [CCZ are the potential buyers of Litchfield & Picasso with seller being KDNC].

The Australian*s love it & CCZ*s share price in Australia is +15.6% on the news.

The word "PRIME" is self-explanatory.

Litchfield is near Core Lithium [mkt cap A$600m+] and who are developing Australia*s next lithium project in Northern Territory, Australia [lithium spodumene.] Spodumene is fetching high prices.

29.9.21 [Wed]
News.

Was going to sit up and wait for the CCZ ASX announcement last night but fell asleep.
Just seen the news. CCZ up 7.25% on London South East [free data].

I have been following Litchfield and posted on Cadence.pl on this lithium licence near Core Lithium*s Finniss project in Northern Territory, Australia. Core is Australia*s next lithium producer [spodumene]. So, Litchfield is near Core*s Finniss lithium project.

Nice.
News, Wed, 29 Sep 2021

WED 29 SEP 2021
One AIM-listed co in London has granted a 90-day option to sell their prospective L I T H I U M
licences to another AIM-listed co [dual listed in Australia].

The potential price is A$3m which, if satisfactory to due diligence, is to be paid in script.

The licences are red hot in that they are NEXT TO CORE LITHIUM, Northern Territory, Australia*s next lithium producer of Spodumene [highest quality and lowest cost in Australia]. Core listed in Australia current mkt cap is A$600m although it was A$700m earlier.

As I said, one can sell what is hot property ie hot lithium licences near lithium deposits that are of great interest.LI

I mention this as BACK-UP for what I said yesterday about POW*S LITHIUM LICENCE near Sayona [Piedmont just JV*ed into] in Canada. POW Geo/Consultant said that if they were to find lithium, then the case [as norm] would be re-rate. This was the recent interview PJ & Mr Friesen had with London South East.

News, 29 Sep 2021.

A BIT MORE TID-BITS
GINA RHINEHART - Australia*s richest woman and highest tax-payer.
She inherit royalties from her father*s mine sold to Rio from recall. Han**** left A$150m but that had to be shared out with her new step-mother. So, say A$75m gross.

Gina Rhinehart was taught by her father about iron ore etc. As you all know A$75m will not finance a big mine. These days, it will not pay for capex [capital] for even an open-pit which will cost more ie some A$90m+. Anyhow, she ran her own little iron ore mine and I suppose one has to be good at finance to manage payments etc. Then, ONE DAY, a major decided to RELINQUISH their licence to a iron ore plot. Gina Rinehart RUSHED IN and got the licence. The rest is history - this is the licence that is now world famous ie ROY HILL IRON ORE mine in Australia. Yeah, just a licence.

Next difficulty- it cost some A$10 BILLION to fund this mine. The money men told her there is NO DEMAND and the prices of IRON ORE is not that good. Anyhow, finally A SYDNEY BANKER [wont mention the bank*s name] APPROVED the loan. Gina Rhinehart did a clip on a party she held and she said it was NOT EASY to get the money. Well, NO ONE gets to borrow A$10 billion just like that when one is not a major. This Sydney banker later came to London to run Sirius and there was difficulty getting £1billion+ finance and the rest is a sad history.

LICENCES
Not all licences have such dramatic stories. For example Core Lithium in NT, Australia has bought a licence from one private co [2] and they are asking an arm and leg. They have done some work on it and the rest of the licence is prospective. Why? Core is in need to expand their DFS given the life of mine is 3 yrs. If LITHIUM SPODUMENE WAS NOT FETCHING HANDSOME PRICES, then obviously the licence would not cost an arm and leg. Hence, SPIN-OUT ARE ONLY WHAT THE MKT WANTS and its not a matter to just spinning out any ole thing. Hence, POW needs different METALS to strike out at the RIGHT TIME. Dont think there*s no work involved.
They have to do a lot of cheaper exploration ie samples etc or run geophysics.

Why I do invest in POW? I can put my feet up a bit. I know that PJ has £500k invested in POW.
That*s quite a lot of money. He told Sarah Lowther in the latest interview, he has not told his wife exactly how much but will or may tell her later!!! When PJ mentioned that a new person is coming in and he will bring value, I do understand why. It will have to be someone with a name etc and some have already thought it X. Sarah Lowther then asked PJ if he was going to be in operations and he sort of spoke under his breath so I could not get the exact words but I caught the gist. I did know that POW is NOW AT A PIVOTAL POINT - INFLECTION OF THE NEXT PHASE.

I was right as I have followed PJ*s interview and know a bit of how he thinks from these interviews. Today*s RNS about spin-out provides back-up in that THINGS ARE MOVING to the next stage and THE 1S

contd:

Any of the licences spun-out or in-house that HITS good /very good results and could turn out potentially a TIER 1 is where the money is. That is the PLAY BOOK for all seasoned investors.

No matter how prospective, an geological anomaly will remain an anomaly UNTIL DRILLED.
Usually, TEST DRILL is required. For that reason, PJ financed the test drill for Molopo Farms Complex and Kalahari Key had to give up a %.

There is an investor in GGP-Havieron and he was once listed in the Sunday Times Rich List No 389 from recall. He is a big property developer and his building is famous in M/CR. He had 6% in GGP. Just imagine, GGP hit £1bn + at one stage. If he kept to that stage, that*s £60million+ given the mkt cap went to MORE than £1bn. So, same with POW and the spin-out ie same principle if the spin-out do well.

Andrew Bell has a lot of connections in the mining industry. Hence, why many of the licences are in Africa. Bell is also Australia so he is familar to that part as well. PJ is the money man given he is a CFA [Chartered Accountant].

I recall that PJ had left GGP but he tweeted that the technical team he contact gave an opinion on Havieron*s results. Whilst the forum folks were not happy as one is not sure what they expected but to the industry as Mr Heddle said, they thought it was fab, kinda thing.

So, I end . I would not have explained if one is not postulating about licences. There are LICENCES and licences. You and I going all over to peg for licences is no good given one does not have enough of geo knowledge to know if it is prospective and how big. Then, there are geo*s and hall of fame geo*s.

My take:
PJ ran GGP & Metal Tiger. They were very successful and First Equity said so.
His skill? Financing and re-structuring GGP post the Ernest Giles event.
Then, he interviewed Gervaise Heddle from Sydney to take over as CEO. The rest is history.
I dont know much about Metal Tiger because PJ was not a very known quantity then until Metal Tiger got Sprott investment.

POW
Most co*s that PJ has invested in are around the 3%+ area and max 6%.
However, for POW, he now has 9%.
My take only is that in the SPIN-OUTS it is to supply the POW treasury with ££. He also said so.
Why? Look at Alba -Greenland assets + Welsh Gold mine + Horse Hill went no where as the market does not rate each 1 separately. So, the spin out of Green Roc at £11m vs Alba*s mkt cap of £14m. Makes sense?

LOTS OF LICENCES
One in particular does not understand. So, I will explain. Licences in themselves are NO use if they dont come to anything. In WA, Rio staff are said to have had to use their credit cards to pay A$60,000 for the Winu licence in WA, Oz because it would have taken too much time for the HO to put through the application etc. Well, after a few drills [test], Winu is now a world class copper find/discovery.

HAVIERON
Once the initial results came out Hole 1-5 and later 6-9, Lenigas quickly told the MD of Artemis to take the LICENCE next to Havieron ie North. Rio also wanted the licence but they were too late by hrs only, 1 from recall. Land tracts are vast in Oz. Pegging licences cost money. There are lots of licences but the RIGHT one is important.

The MD went out to Havieron and said that Newcrest/GGP JV was heading towards their Artemis licence. I told the GGP forum that and all I got was screaming. The MD of Artemis tweeted it. Now, the GGP posters find that NEWCREST JV/GGP is DRILLING NORTH OF HAVIERON AND HEADING TOWARDS ARTEMIS*s BOUNDRY. Lenigas has experience and so they do look around the land to see and check samples etc. If it turns out that the MINERALISATION EXTENDS TO ARTEMIS BORDER LICENCE with Haiverion, they could also have a win if the ANOMALIES are next drilled.

Same with PJ. He has had to hire Mr Friesen, a Geo and Consultant. So, its not peg any ole licence as one postulates. Same with Wallal - NEAR RIO*S WINU. IF THE GEOPHYSICS-MAGNETIC HIGH TURNS OUT, that will be something as norm or else ....

TIER 1
So, some of the spin-outs are to make sure that POW does not come to market to raise funds if possible. To do that would be to sell investments once they make money from them to replenish the treasury, spin-out to also get free shares and ride exploration without having to finance the test drilling. For those with prospects like Molopo Farms Complex, majors have approached Kalahari Key but they dont want to JV. PJ said that at such an early stage, you dont get the value. So, using money from POW, they are testing the few holes themselves which the major may have financed but a chunk has to be given

P.S.
One cant JUST IPO a co. In the LISTING DOCUMENTS, one has to make clear the
prospects, potential etc.

I have seen the ORIGINAL SIRIUS MINERALS IPO listing document. In the IPO, it was NOT the potash at York that was the prospect but a gold prospect. It depends on the time of the IPO and as to what is of interest to the MARKET and has potential or PROSPECTIVITY.

So, clearly NEW BALLARAT GOLD CORPORATION is able to IPO given the interest in the Victoria gold fields. More so, that ECR is also drilling and exploring CRESWICK, north of the BALLARAT MINE. POW*s NEW BALLARAT GOLD CORP is S O U T H of BALLARAT MINE which had 14 million ounces of gold at 12 g/t per the website on POW.

Why is New Ballarat Gold Corp of interest? First of all, the GRADES tend to be HIGH ie Ballarat Mine at 12 g/t and currently over 5 g/t. With higher grades, it is CHEAPER to mine naturally.
NBGC has TAKEN CHIP SAMPLES AND VERIFYING THEM SO AWAIT RESULTS.

Why should there be interest? More ASX co CONCENTRATE more on licences NEAR FOSTERVILLE MINE, further North of Ballarat Mine. BOTH BALLARAT MINE & FOSTERVILLE ARE T H E mines in Victoria Golden Triangle.

There are ONLY so many licences NEAR Ballarat Mine. POW has pegged many of them and have found 2 lines of channel -lodes that lead to Ballarat. The strike is over 9km from Scotburn to O*LAUGHLIN and the other from ENFIELD to Ballarat.

So, in the LISTING DOCUMENTS, its NOT ON N O T H I N G as being postulated. THEY HAVE TO PASS REGULATORY CLEARANCE TO LIST with necessary prospectivity etc.

I dont have the LISTING DOCUMENTS and one has to WAIT FOR THEM TO COME OUT UPON THE IPO.

PJ just did a short clip. Whilst POW takes down the names, they pass it to the B R O K E R / S that will be involved in the coming IPO. It may be DIFFERENT brokers as norm as its usually given out to different brokers who specialise in certain jurisdictions etc.

Why? PJ explained that the broker has to make sure that REGULATORY forms etc are COMPLIED with. Same with one*s broker eg ETF*s - one has to click one understands the risk etc.

So, NO M O N E Y goes to POW.

The spin-out co is run by a SEPARATE BOARD OF DIRECTORS with separate accounting and under either AIM or the main LSE mkt.

POW will retain a % of the spin-out and it will become an INVESTEE CO.

Often, one hears on Twitter that certain BIGGER PLAYERS PARTICIPATE IN IPO*s. Many dont know how to register given which broker is doing which IPO etc. So, unless one has more contacts, its quite hard to participate in IPO*s. For this reason, some of these bigger players are ALREADY REGISTERED and when an IPO comes up, the broker gives them a call etc as norm.

So, PJ is merely FACILITATING this for POW shareholder IF THEY WISH TO PARTICIPATE.

I am rather surprised this is not understood? No money is going to POW from the IPO.
In any IPO, there is a need to produce LISTING DOCUMENTS which gives a lot of details about the project etc and sometimes with valuations as well common to American IPO*s.

-----------------NEW BALLARAT GOLD CORPORATION--------------
[NBGC]
Per today*s RNS, 28.9.21, it does appear that the invitation to shareholders to participate via registration with the broker could potentially mean that the NBGC could be on-stream for the end of yr [2021] IPO?

That could be the 1st IPO. As for First Class Metals*s IPO, that is now under the POW umbrella although it will become an investee co relating to POW [Ref: Sale of Hemlo licence etc to First Class Metals].

Zak Mir did an article today with details of different co including Colin Bird*s other co, Tiger Royalties in which Mr Bird said he expected renewed interest in the resource sector and stronger valuations [para phrased].

XTR RNS, Tues 28.9.21 - Bushrangers Assay Results , Stage 2 drill.

To cast everyone*s mind back to the AA deal, I recall, they were only required to find 2MT of copper @0.44 % cu copper & 0.064 g/t gold [JORC 71Mt present at the same grades]??

So, today*s assay results have EXCEEDED expectations already?

Also, Cadia Ridgeway had 3.5Bt @0.26% cu & 0.4g/t gold & North Parkes 597Mt @0.58% cu copper & 0.2g/t gold.

https://xtractresources.com/bushranger-project/
At the bottom of the page, there is the Presentation dated Apr 2020 to check the AA agreement etc.

Yes, IRR is the TOP NO1 holder of Australasia Gold [ASX: A8G] shares @5.5m holding 12.07%.
Link: https://www.listcorp.com/asx/a8g/australasia-gold-limited/news/top-20-shareholders-2540339.html

P.S.
Wenty of Hotcopper A8G posted a more fuller post than the one I posted last night.
It was too late in the night so I did not post everything.

In the interview with Proactive Investors Australia, Dr Qingtao said that he has a small co that sold spodumene for another co. Also, that he is involved with KOD.

I think Dr Qingtao was being modest because he underplayed his C.V vs what Wenty said. In the interview, it was interesting that Dr Qintao explained that the licence A8G pegged for once belonged to Core Lithium [A$600m+ currently on ASX]. However, in 1965, the Northern Territory govt published some data on this licence and that it had shallow pegmatites from recall. So, A8G found a peg and ran further work on it. Hence, the licence was pegged for free which is NOT the norm in Australia. Maybe, the NT govt is helpful and wants to open up the territory etc.

Stockhead.com.au did 2 article on lithium juniors on the ASX and both included A8G.

Dr Qingtao, MD of A8G said that HE HOPES they will find the NEXT lithium pegmatite. I think he may be referring to the NT, Australia area given Core Lithium is said to be the NEXT LITHIUM PRODUCER in Australia [CXO].

However, it has to be said that it is NOT only A8G looking for lithium in the NT but another co called Charger Metals who is also near CXO*s Finniss project. Charger also has a mkt cap of A$40m+ region like A8G. There is 1 more London-listed co that holds 24% of a licence near CXO*s Finniss but no further news on their exploration etc.

Australians [punter] per Stockhead.com.au are LOOKING for the NEXT PILBARA, LION TOWN & VULCAN ENERGY given their eye-watering mkt caps on the ASX.

Ah, we AWAIT RESULTS FROM A8G as that will come via ANN/RNS as and when.

As for Nick Mather - I was here a long time ago in the early days and May Queen and Raines was already in play & on the book. I can check but it will take too much time but that is from my recall.

It would appear IRR has CONNECTIONS to China via Dr Qingtao who they sold May Queen gold project to in Qld, Australia. I loved the part wherein, Dr Qingtao told Andrew Scott of Proactive that they raised A$5m and they still have A$5m in the bank??

I will have to look up the TOP 20 shareholders myself to see how many % IRR holds of A8G which is of interest.

News, 28.9.21
Go to Twitter and type Australasia Gold into the window and the co*s Twitter a/c should show up. The Proactive Investor*s interview with Dr Qingtao is there to see and listen to.

This is what Wenty said in the said SAME post:
"Also, if I*m not mistaken, the MD has a connection to SHANDONG RUIFU right? Ruifu had an OFF-TAKE deal with Altura, plus a non-binding off-take with CXO [Core Lithium]. Should A86 find a deposit, then I think our MD will have the CONNECTIONS to secure a partner.

We saw EFE rise after a partnership deal with Sichuan Yahau." Dated 22.9.21 @13:15 by Wenty, Hotcopper A8G.

Answer:

Mr Colin Bird*s style is to do a Conceptual Study. Any examples? In his other co, Mr Bird also did a Study for Mankayan prior to a potential listing in S*pore which did not take place. However, it is now listing in Australia which is better in that there are more investors there for mining stock.

Whether Mr Bird is undertaking open-pit mining is open to interpretation given that co*s have to show a plan etc whether they are selling or developing. Also, co*s have to show that they can develop it so as to have a stronger hand per norm.

This is just GENERAL but may not apply in PARTICULAR. One will have to ASK Mr Bird HIMSELF as to his intentions given he said he reads forums for his stocks.

Tues, 28 Sep 2021.

Kincora Copper [ASX] PR dated 9.9.21 for Trundle Park, NSW, Australia:

162m @ 0. 2 5 g/t gold & 0.04% cu copper FROM 670m.

including 46m @0.59 g/t gold & 0.08% copper FROM 684m &
18m @ 0.75 g/t gold & 0.09% cu copper FROM 712m. "{TRDD022]

Kincora further drilled TRDD014W1 "to TARGET deeper below TRDD022. They also drilled TRDD026. John Holliday is the Chair of the Tech Committee. Mr Holliday was one of the co-discoverers [Geo*s] of Cadia Ridgeway [Newcrest].

Trundle Park per the above PR stated that it is near NORTH PARKES, Lachlan Fold, NSW, Australia [5.5moz gold & 4.5 Mt copper]. North Parkes and Xtract Resources Bushrangers are in the same Lachlan Fold trend but Bushranger is nearer Cadia Ridgeway.

So, it would appear that XTR* Bushranger assay results are FAR HIGHER GRADE than Kincora*s TRDD022 plus XTR*s DEPTH is more SHALLOW than Trundle Park [Kincora].

Comment:
Always good to know what the Lachlan Fold, NSW, Australia can produce. Hence, INDUSTRY NEWS. Folks sometimes compare it to S.America but that*s a different geology etc.

Tooday did the initial Geophysics and said that Bushrangers had a 1 0 k i l o m e t e r s of S T R I K E.

So, more to come including Footrot, Bushrangers.

Tues, 28 Sep 2021

Nice grades and interval per the RNS this morning from XTR*s Bushranger.
Waiting for interview from Colin Bird, Executive Chairman, XTR post this RNS today.

LoL, MM*s are not even offering 1,000 shares to sell in XTR at this moment @10:16am, 28 Sep 2021. Maybe, other brokers are offering to sell?

Hottest metal right now is lithium [spodumene].This is due to the Pilbara Minerals of Australia auction results on 14.9.21 which they reported to the Australian Stock Exchange wherein they achieved US$2,400 /t for SC5 grade spodumene and US$2,500/t for SC6 grade spodumene. Lithium carbonate/hydroxide prices are also up.

At Paul Johnson*s [CEO,POW] very recent interview with London South East, Mr Frisen, Exploration Mgr explained that if Authier [POW] found lithium at their licence, then could be "re-rate." Authier to near SAYONA LITHIUM [Australian & Canadian listed]. Sayona recently had a JV deal with Piedmont Lithium.

How about this?

Sayona Lithium [ASX] has a current market cap of A$1.07 Billion.
https://hotcopper.com/asx/sya/

Thought I would clarify why Mr Fiesen mentioned Authier [POW] and the hot market in lithium at the moment.

wenty of Hotcopper, $A8G posted on 22.9.21:

"They stared exploration on Sun. At CXO*s EL26848 tenement next door, they got rock chips samples up to 4.63% li20, 10 samples above 3% li20 & had samples where up to 50% was SPODUMENE. At CXO*s Barrow Creek, there were some MONSTER PEGS there too.

IMO, should A8G get similar samples, then there could be quite a rise in SP given the small MC."

https://hotcopper.com.au/asx/a8g/

Comment:
Someone on DGR Global [mother co of Ironridge Resources] said that IRR is one of the top 20 shareholders in Australasia Gold [ASX:A8G] with 12% stake. CXO is Core Lithium who is the next door neighbour to A8G. IRR*s Ghana lithium has a grade of 1.6% li20.