RE: BZT Mankayan, Philippines30 Jul 2021 21:03
BZT MANKAYAN, PHILIPPINES
MMIH updated the JORC from 2004 to 2012:
793 Million tonnes containing:
2.8Mt copper [>0.25% cu]
9.7 MOZ Gold
20 MOZ Silver.
Link: https://mmihgroup.com/mankayan/
Its not a small project given Gold Fields had wanted to buy Mankayan given they also bought the next door to Mankayan ie Far South East which the owners did not want to sell 100%. Laurence Read, CEO of BZT said that Mankayan is a low TIER 1 but the previous CEO said it was TIER 1. Since then, MMIH has updated the JORC 2012.
Even GGP*s Havieron [they own 30% JV with Newcrest] and even currently the estimate thus far is 4.2 MOZ Gold from recall [kindly check]. However, GGP has a mkt cap of some £700m. Granted that Havieron is in WA, Oz there is a discount factor but BZT*s mkt cap is rather low at £8m++ for a Tier 1. If it was a low Tier 1 with a JORC 2004, it will be higher now that the 2012 JORC as above means few co*s have such resources?
PHILIPPINES
Ref: "SO COT EXECS TO RE-ASSESS TAMPAKAN COPPER GOLD PROJECT."-Philippines News Agency, 3 wks ago.
"The mining project, once approved would be the LARGEST IN THE PHILIPPINES and among the LARGEST COPPER MINES IN THE WORLD. Cotabato OFFICIAL will take another look at the delayed US$5.9 BILLION COPPER & GOLD PROJECT. THE GOVT WANTS TO PUSH THROUGH WITH THE PENDING MINING PROJECTS, INCLUDING THE ONE IN T E M P A K A N , to help our economy recover, he said in his weekly radio program." Call up this title in the search engine. All the big wigs in the Philippines govt mining sector were there ie mentioned in the article.
[Mankayan is not as large as Tempakan from recall at 1/2 of their gold deposit? Kindly check]
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"OCEANA GOLD ADVISES ON DIDIPIO MINE F T A A R E N E W A L."- Global Mining Review, 2 wks ago. Oceana is Canadian listed? Again, put this title into the search engine to check and read.
[So, it would appear from the last I reported the Philippines govt is getting on with their desire to push thru all the renewals etc.]
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ECR MINERALS LISTED ON LONDON AIM
I happened to see the thread running on the left hand side. I went to the London South East ECR forum to check and everyone was asking why the 4pm ECR RNS? Why at this time? Anyhow, the RNS was about DANALAY [spelling may not be right?] in the PHILIPPINES. It appears that they have been told this LONG LOST or so some thought was coming back ie 25% which ECR spent $2m. WHY? THE ECR RNS SAID SOMETHING LIKE THE SITUATION IN THE PHILIPPINES FOR MINING IS IMPROVING AND THAT THEIR PHILIPPINES PROJECT [NORTH] HAS ALSO HAD ITS L I C E N S E R E N E W E D!!!!
Whoa!!! See, what a bit of research can do. I did not post because I noticed not everyone was in the mood. I have known about Oceana and Tampakan for a little while now. But the ECR RNS TODAY AT 4PM, FRIM, 30 JULY 2021 TOLD ME THAT YEAH, THE PHILIPPINES IS INDEED IMPROVING IN THE MINING SECTOR [English understatement?]. Many are not very nuanced abou