Member Info for news

CARAVEL MINERALS ON ASX, AUSTRALIA
[Referenced by John Cornford, Mining Analyst: XTR Bushranger in most recent article]

BINDI, WESTERN AUSTRALIA
Mr Cornford said that Bindi has a JORC.
I have located: "MAJOR INCREASE IN CARAVEL COPPER RESOURCE."-13.2.19

"3 6 6 MT grading 0 . 3 5 %% cu."

"52% increase in contained cu copper @ 0. 2 5 % cu CUT-OFF at 1 . 2 8 4 MT."
"32% increase in contained copper at 0. 1 5 % cu CUT OFF at 1. 8 6 Mt."
[1.284Mt + 1.86Mt = 3.144 Mt]

My comment:
AA wants 440 Mt from XTR. The Bindi resource is NOT 440M from the above data.
Interesting as it would appear that the Bindi resource in Western Australia as mentioned by Mr Cornford appears to be somewhat NEAR BODA*s GRADE . Also, the CUT-OFF IS 0.15% CU for the 32% increase as above & 0.25% cu.

Kindly check as I had to take notes quickly given I had to go out earlier.

Sat, 24 Apr 2021.

POW RNS 19 APR 2021
It said that the short extension for the Paterson, Western Australia OPTION to purchase 100% of Wallal, Paterson ENDS ON FRI, 23 APR 2021.

--
NEWS EXPECTED AS TO OUTCOME?

From the article by Alistair Ford, Mining Analyst and INTERVIEW with Proactive Investors on 22 Apr 2021, he said that there are rumours that Rio may have found an Olympic Dam at WINU, Paterson, Western Australia. In addition, Newcrest and IGO have participated in Antipa*s recent placing. Hence, the reason for renewed interest in the Paterson.

POW per the article: " Power Metal bags option over Paterson copper gold exploration projects."-Proactive Investors, 19.1.21 it was stated:

"Option to purchase 100% of First Development Resources - WALLAL PROJECT SIMILAR TO STRUCTURAL SETTING OF THE WINU DISCOVERY AND HAS A 46M STRIKE."
[To read, put this title into the search engine].

The purchase price if the option is taken up is modest and priced at 3p in POW stock from recall.
Kindly check if interested. The upside for the seller is via a net smelter royalty as is norm if the project goes into production.

For this reason, POW was mentioned by Alistair Ford in the 22 Apr 2021 article on the Paterson players.

So the mention that Bindi is "NEAR SURFACE" per one poster earlier today on this forum is NOT correct given it is porphyry. The poster is not one of the regulars.

So, Bindi*s latest drilling results ie deep drilling comes to 270m whilst XTR*s intersections go to some 920m at the 1st hole.

LoL -- Hole 1 Racecourse XTR @0.33% CU EQ or 0.30% CU at 920m sure is nice vs Bindi?

News, Fri, 23 Apr 2021
DYOR

JOHN CORNFORD, MASTER INVESTORS ON XTR.
3 days ago.

I have just checked further relating to the co mentioned by Mr Cornford ie Caravel Minerals on ASX - Bindi Porphyry, Western Australia.

The mkt cap is now A$88m =£51m. } I have updated it from Mr Cornford*s earlier mkt cap.
XTR mkt cap now: £41m.

BINDI has issued a very recent ANN/RNS re: drilling results.
Hole 21CAD shows 68m @0.27% cu, 36m @0.31% cu & 30m @0.39% cu & 58m @0.28% cu with D E P T H to 576METRES.

Other holes are also in the above range with only 1 section @6m at 1.18% cu.

The ANN stated that drill hole 21CAD001 and show "SIGNIFICANT MINERALISED ZONES [GREATER THAN -----------0. 1 5 % CUT-OFF GRADE ---with 270 METRES OF THICKNESS, depth >450m -down hole650m." Dated 19 Apr 2021

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

My comment:
Interesting that Bindi reported "significant mineralised zones GREATER THAN 0.15% CU"
which could mean that there are not so significant zones? Mr Bird, Executive Chairman, XTR yesterday mentioned copper at a sustained US$10,000 which could mean also that XTR Bushranger could enjoy a 0.15% cu CUT-OFF per Scoping Study? Currently, copper is US$9,000+.

Bindi*s ann also mentioned "DEEP DRILLING" but their deep is only up to around max 650m down hole.

Mr Cornford mentioned BINDI as a COMPARITIVE BENCHMARK TO XTR*S BUSHRANGER and said that it has an NPV of $2bn = £260m potential. Interesting that Bindi is said by Mr Cornford to have 2Mt copper.

But looking at the GRADES AND INTERVALS, XTR grades and intervals are of interest.

Mr Cornford also mentioned "XTR: ...ASSAYS HOPEFULLY SOON OF THE 1ST F O U R DRILL HOLES." So, Mr Cornford is anticipating 4 drill hole assays as opposed to one by one assay result releases? This is norm to release a set.

DYOR.

Not sure if anyone has posted the above in which XTR was mentioned or rather Zak Mir asked about XTR Bushranger. I have only just heard it as it was issued AFTER HOURS [mkt closed] yesterday.

From what I could make out:
Majors inventories.
Chile discoveries-social problems.
Looking at Australia, Boswana, Zambia & Namibia ie referring to majors.
Copper -tick. Sustainable at US$10,000
Zak asked about Bushrangers - I could NOT catch the subtle answer as I only listened to it quickly. I may have to listen again with the sound up loud.

Link is currently on Twitter via Sharetalk.

"The huge mineralised upside of the Paterson Range moves into focus."- Proactive Investors UK, 22 Apr 2021 by Alistair Ford, Mining Analyst

Alistair Ford mentions all the co*s that are now in the Paterson Range, both Australian listed and London listed. This has come about due to Antipa*s placing which was taken up by Newcrest and IGO, hence the interest and article.

There are only 2 LONDON listed co*s named and one of them is POWER METAL RESOURCES
which is hoping to enter the Paterson region, Western Australia etc.

https://twitter.com/DavidLenigas/status/1385480139044265988 7 hrs ago
[Link to the article with thanks as he spotted the article first about the Paterson]

What Paul Johnson, CEO, Power Metals Resources tweeted re: Molopo Farms earn in today:

"Fantastic news- 2 years of exploration, earn in fully paid,
SIGNIFICANT NICKEL IN ASSAYS- lots of work going on right NOW. Getting interesting for sure."
https://twitter.com/pauljohnson9691 Thur, 22 Apr 2021

CADENCE MINERALS PLC - AMAPA IRON ORE PROJECT

FOR THE AVOIDANCE OF DOUBT - Alan Green in his Xmas 2020 mention of Cadence Minerals, he said that Cadence had taken a RECENT VALUATION OF AMAPA iron ore project. Later, Kiran Mozaria , CEO of Cadence stated in his more recent interviews [put up on Cadence Twitter] that Amapa US$600 MILLION.

I quoted EXACTLY what Mr Mozaria said and again IT WAS NOT AGREED- on the main Cadence chat forum, it was said that it is US$1.2 BILLION or rather appears that it should be US$1.2bn.

Mr Mozaria took AN OFFICIAL VALUATION of Amapa and he said US$600m which is 100% of the project. It is norm that such an official valuation can only be done by a Tier 1 investment bank within a top ranking. This is norm as it would have to be included into the CADENCE ASSETS listing although Cadence has NOT yet earned the 1st 20% stake in Amapa subject to the creditor banks agreement. So, as and when the said agreement is signed, no doubt this valuation will go into the books [balance sheet note] of Cadence.

VALUING CADENCE MINERALS
In order to get a picture of the value of Cadence, it is helpful to look at the OFFICIAL FIGURES given by the co etc. The MARKET, no doubt will also be doing a valuation of Cadence.

To be fair, I tweeted OPENLY to CADENCE at the time of the Q & A and said that the forum had put a share price of £5-10 when the share price was some 24-25p approximately. Kiran Mozaria, CEO of Cadence via Vox Podcast NEVER confirmed the £5-10 share price forecast.

If one upgrades the figures to what one thinks it should be, then of course, the share price forecasts on the back of the envelope could go to some big ££.

FOR THE AVOIDANCE OF DOUBT ------I INNOCENTLY QUOTED THE OFFICIAL FIGURES AND "NONE" [universally meant to be the ones of importance eg BANK VALUATION OF AMAPA etc] OF THEM HAVE BEEN AGREED ON THIS FORUM.

-------SO, NOTHING TO DO WITH ME. I TEND TO BE CAREFUL TO QUOTE ONLY WHAT IS
OFFICIAL FIGURES or links to articles and preferably 2-3 if I can find them.---------------

-------SO, I TAKE MY LEAVE WITH THANKS. ON MY PART, I AM TRYING TO PUT THE OFFICIAL FIGURES ETC TO GAIN A PICTURE OF CADENCE NOW AS OPPOSED TO REM THEN. So, I posted the figures here so that there can be discussion but it has turned out otherwise.--------

News, Thur, 22 Apr 2021.
I have not looked at this forum for some time as I do not think it is helpful to go to and fro.
However, I am glad I did look in and posted for AVOIDANCE OF DOUBT AS BELOW.

DYOR.

"DAVID LENGIAS"
"Lenigas was educated at Brisbane*s Boy College &
KALGOORIE SCHOOL OF MINES graduating with a Bachelor of Science [Mining Engineering] with Distinction from CURTIN UNIVERSITY School of Mines, Western Australia."

Source: Wikipedia [Put the title into the search engine to read]
----
BARKSY1
On the main KDNC forum, I think I recall it was Barksy1 who posted a link to a Proactive Investors article on M & A or another person? I did see Barksy1 post a link.

I read the article and it was ABOUT LITHIUM M & A re: the recent Ocb-Galaxy deal.
It was also mentioned that on the LONDON MKT, there is ONLY Savannah , Bacanora Lithium of Sonora & European Metals of Cinovec fame. As I pointed out much earlier and it is obvious to the market that BOTH these co*s NO LONGER OWN 100% of Sonora or Cinovec but some 50% only. So, Alistair Ford, Mining Analyst who wrote the article said there is ALSO KDNC who own stakes in BACANORA AND EUROPEAN METALS.

At this time, with the prices of lithium going up, the market IS INTERESTED IN LITHIUM.
This I stated much earlier.
That is my interest and always has been.

So, I cannot be blamed if I take David Lenigas & BCN*s Feasibility Study given that D.Lenigas is well qualified as can be seen from above. How could he have financed the drilling at Sonora via REM plc if he didnt know the difference in X or Y?

News,
Thur 22 Apr 2021.

"BACANORA - BUILDING A WORLD CLASS LITHIUM PRODUCER."
"Page 2: FEASIBILITY STUDY ESTIMATED SONORA CONTAINS
8 . 8 MT OF LITHIUM CARBONATE RESOURCES."
https://www.bacanora.com/cms/wp-content/uploads/2020/04/bcn-handouts-april-2020.pdf

------------FROM BACANORA LITHIUM [BCN] THEMSELVES VERBATIM of 8.8MT LITHIUM CARBBONATE.------------This is what BCN told Mexican press as I quoted from E & T as well---

===
DAVID LENIGAS, FOUNDER & CHAIRMAN OF REM PLC
Now named Cadence Minerals plc
With Mr Lenigas*s retirement from AIM, Kiran Mozaria is the CEO now.

8.8Mt x $12,000/t = $105 BILLION [Tomcat-14 on 14 Apr 2021 via this thread] has shown where David Lenigas got his $105 Billion from.

----FOR THE AVOIDANCE OF DOUBT: AS I STATED THE 8.8MT LITHIUM CARBONATE COMES FROM BCN THEMSELVES VIA A FEASIBILITY STUDY. -----NOT FROM ME-------

----FOR THE AVOIDANCE OF DOUBT: AS I STATED DAVID LENIGAS TWEETED ABOUT SONORA AND $100BN approximate [link given]. Tomcat-14 has multiplied 8.8Mt x $12,000 = $105 billion to show how David Lenigas got his $100bn+.

--------AGAIN NOT FROM ME - QUOTED FROM DAVID LENIGAS, MINING ENGINEER AND FORMER CHAIRMAN & FOUNDER OF REM PLC, NOW KDNC.-----------------

----SO, NOTHING TO DO WITH ME-------IF NOT SATISFIED, TAKE IT WITH THE CO/DL--------

Hope that clarifies.

News,
Thur, 22 Apr 2021.

As previously discussed on this POW forum relating to Kalahari Keys + 2 other AIM co*s who own the balance of Molopo Farms Complex licence/co, their stake could come into play??
If so, and IF the 2 other AIM co*s want to capitalise on Molopo Farms, they may have to sell their stake eg obtain POW shares?

Have to wait and see what happens next and what news is next.

Just for further discussion ONLY.

Thur, 22 Apr 2021
POW now has a 50.8% economic interest in Molopo Farms.

POW RNS, THUR, 22 APR 2021:

"We are seeking a WORLD CLASS NICKEL DISCOVERY and the findings so far have been extremely positive. It is therefore with some excitement as we announce completion of our $500k earn-in."

The rest, one can read as to AWAITED results in detail.

https://twitter.com/proactive_UK/status/1384852428630249474
"Power Metals Resources set for IPO wave suggests research house."- Proactive Investors, Wed 21 Apr 2021

"Assuming no retraction in near term resource prices , AT LEAST 2 out of POW*s 3 planned holding co*s will achieve a MARKET MARKET LISTING by the end of this year, says First Equity,the 1st of which we anticipate may be AUSTRALIAN venture RRAL."

"The value achieved on the 1st listing will help to SIGNIFICANTLY U N D E R P I N
POW*s current MKT CAP."

"If the subsequent TWO OR THREE IPO*S prove successful and are well received by the mkt, then the management may seek to earmark and FAST TRACK other projects towards listing."

First Equity Research Note, Wed, 21 Apr 2021 RNS:
"We believe POW might be edging nearer to a possible 1st MAJOR metal discovery at the Molopo Farms Complex in Boswana given the encouraging nickel grades & interval from the 1st batch of results in early Apr 2021."

"Target price from First Equity: 6.1p -pre-discovery ....will likely to be revised upwards if a major deposit is discovered."
==

Test holes into FOOTROT.
AA may have missed it ...
16,000m drilling.
2Mt of contained copper-trigger option.
5.6p placing today.
Mon, 19 Apr 2021
Ref: Colin Bird, Executive Chairman, XTR Bushranger, Lachlan Fold, NSW, Australia
Interview with Zak on ShareTalk, Mon, 19 Apr 2021 @2:15pm [50m mins ago]

FatherTedFeck
Finally you get it.
"..Generally, and lower grade porphyries in safe Western countries, specifically." -CEO Copperbank Resources.

The Macquarie report quoted to you plus the RFC Ambrian report on copper was instructive - suppose you accept your own finds LoL.

DUMONT NICKEL MINE, QUEBEC, CANADA
Dumont is No 2 on the Mining.com list. I will check separately from Mining Technology that is useful to cite details:

"As per June 2013 estimates, the Dumont deposit has PROBABLY RESERVES of approximately
1 B I L L I O N TONNES GRADED AT 0. 2 6 %.

"The PROVEN reserve are estimated to be 1 7 9 MILLION TONNES GRADED AT 0. 3 2 % nickel and the project life is estimated to be 3 3 years."

My Comment:
So, in doing further due diligence, one will see that the MINING.COM RANKING was done on the "probable reserves" GRADE OF 0. 2 6 %.
Proven reserves are 0. 3 2 % GRADE for nickel.
[Ref: Dumont Nickel Mine, Quebec- Mining Technology. To check, put this title into the search engine. ]

It is obvious that Mining.com took the data at a certain point and Mining Technology at another point.

POW METALS HOLE 1 IS PART RESULTS AS FAR AS I AM AWARE WITH EVEN THE 300M [or over?] open so more to analyse.

SO, THAT PROVES THAT 1 HOLE AT MOLOPO WITHOUT AN O V E R A L L GRADE FIGURE MEANS THAT IT WILL TAKE SOME TIME UNTIL EVEN A MAIDEN RESOURCE STATEMENT WITH AN OVERALL GRADE when ALL HOLES ARE ADDED AND INPUTTED INTO GEO SOFTWARE TO PRODUCE OVERALL AVERAGE GRADE.

FOR THIS REASON, POW*S 8 APR 2021 RNS HAS A RANGE OF GRADES % BROKEN INTO DIFFERENT METRES. N O O V E R A L L G R A D E WAS GIVEN AND CANT BE AT THIS STAGE.

So, NO CONTEXT was meant - DIFFERENT GRADE RESULTS TELLS ONE HOLE 1 MOLOPO FARMS HAS NO O V E R A L L GRADE GIVEN YET. So, it is educational at this stage.

Tues, 13 Apr 2021

AquaeSulis01
Answer: When these world class projects are RANKED ie Top 10 in the world, one cannot
CHANGE the stats in any form from Mining.com, a respected site.

So, the Management By Objective of posting the Top 10 Ranked Nickel projects is to ILLUSTRATE what sort of GRADES is the O V E R A L L deposit.

One will find that if one looks at say Mining-Technology for any deposit, they and OTHERS will not break the 1 core or cores but rather the WHOLE DEPOSIT*S OVERALL IS GIVEN. This is derived from the JORC or PFS or such like ETC.

So, my management by objective is to ILLUSTRATE only. On another POW forum, one chap said that the X and Y etc. Obviously, WITHOUT knowing EVEN basic GRADE % OF THESE TOP 10 NICKEL DEPOSITS, folks think the ranked projects are into very high % grades.

So, a look is useful and EDUCATIONAL.

If one wants to look deeper, one can do so. However, at this time, whilst it is said that the reported hole is "300M" OR "OVER 300M", it is said to be open and from what I understand, not all were tested in the 1st round as parts were sent. Hence, why said to be "open."

If you would kindly NOTE, the OVERALL was not given by POW - that needs special geological SOFTWARE to do so. So, unless one is a specialist or economic geo etc, one will NOT have the software nor the qualifications. The OVERALL CANNOT BE GIVEN UNTIL THE WHOLE CORE IS FULLY ANALYSED.

Otherwise, folks are sitting here wondering what these grades ALL MEAN? IN WHAT CONTEXT? Are they LOW, MID OR HIGH?

FOR THE AVOIDANCE OF DOUBT; I POSTED DIRECTLY FROM THE POW, 8 APR 2021 RNS OF THE FULL RANGE OF NICKEL GRADES IN %, LEAVING NOTHING OUT.

So, any more seasoned investor will KNOW the basic*s of stats from the TOP 10 RANKED NICKEL PROJECTS.

I have NOT done more work on the ranked 10 because UNTIL WE CAN GET THE FULL INTERSECTION LENGTH FULLY VERIFIED WITH RESULTS + GRADES OVER THE W H O L E CORE , NOT PART/S, IT IS NOT POSSIBLE TO KNOW. ONE SEES RESULTS FROM OTHER CO*S OF COPPER ETC EG HOLE 1 RACECOURSE 920M @ 0.33% CU EQ [breakdown given for just cu copper at 0.3% cu] OVERALL. This has NOT happened yet at POW so one can one educate GENERALLY WHAT ARE GRADES ONE IS LOOKING AT?

Hope that clarifies.
News, Tues 13 Apr 2021

Paul Johnson, CEO ,Power Metals tweet, 20 mins ago:

"Yup, totally get that - the MFC 1, 2 , 3 was QUITE SOMETHING at such an early stage.
1. Geo model confirmed.
2. Nickel suphides in mineralogical tests.
3. SIGNIFICANT NICKEL IN ASSAYS.
IN THE FIRST FEW HOLES.
So, we push on, of course."
--------MFC stands for M o l o p o Farms Complex, Boswana----------

My Comment:
I posted the world top 10 nickel deposits with GRADE %.
As said, the MFC grades came in at @ 0.2%, 0. 4 9%, 0. 7 2 % , 0.16%,0.13% & 0. 2 8 % [ 0. 6 6% ]per POW RNS 8 Apr 2021.

https://twitter.com/pauljohnson9691/status/1381937087138705411 Tues, 13 apr 2021