The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"While the planned bulk sampling within the extension to the Llechfraith Payshoot blow No.4 level ... will target "bonanza" type grades of the kind found in previous periods of mining at Clogau ...".
It is very encouraging that, to date, every initiative taken by Alba has either met or exceeded their expectations.
Let us hope the same holds good for the bulk sampling.
Think the hope is the bulk sampling results will be better:
While the planned bulk sampling within the extension to the Llechfraith Payshoot below No.4 Level (see the RNS of 22 March 2024) will target "bonanza" type grades of the kind found in previous periods of mining at Clogau, if the grades encountered on No.4 Level to date are replicated more extensively, this is expected to significantly strengthen the economic case for reopening the mine for commercial production.
Further sampling on No.4 Level is planned in the short term to follow up and build on these results. In addition, bulk sampling is planned to be rolled out over the next few months below No.4 Level (see the Alba RNS of 22 March 2024). There are also historic piles of broken ore on No.4 Level that have been left behind by previous operations. These piles represent a near-term processing opportunity which can be undertaken before any planned new development takes place.
Https://www.londonstockexchange.com/news-article/ALBA/clogau-gold-mine-update/16394550
George Frangeskides, Executive Chairman, commented:
"These are extraordinarily good results from No.4 Level. Whereas most gold projects measure results in grams per tonne, these grades can be measured in ounces per tonne.
"We always knew there was serious potential for finding high-grade gold at Clogau. But after all the challenges we have faced over the past few years in gaining access to our No.1 target within the mine, to now have that high-grade potential finally confirmed by actual results is extremely heartening. We now look forward to the forthcoming bulk sampling on and below No.4 Level with a great deal of confidence and no little excitement."
... until 5.30pm tomorrow
... Richard Herbert, the Company's Chief Executive Officer and Carlos Fernandes, Chief Financial Officer, will be holding a live Investor presentation and Q&A session via the Investor Meet Company platform on 26TH March 2024 at 5.30 pm (UK Local time).
https://www.londonstockexchange.com/news-article/ANGS/investor-presentation/16384023
Management showed its determination to pass the resolutions at the GM by financing, and issuing shares to, the Equity Benefit Trust.
There are posters who suggest they did this in order to receive their remuneration a while longer.
Imho, the explanation is to be sought elsewhere.
"... EVE, said to be among the 5 biggest EV battery-makers in the world, is understood to have made 'a multi-billion pound commitment' in a recent letter to Jeremy Hunt, ...
Talks are understood to be in an 'exclusive and advanced stage', according to sources familiar with the situation, and a deal could be signed 'within weeks' ...
It is understood that EVE has a car-making customer or customers lined up to take its UK-made batteries ...". (Sunday Times business section, front page)
"... EVE, said to be among the 5 biggest EV battery-makers in the world, is understood to have made 'a multi-billion pound commitment' in a recent letter to Jeremy Hunt, ...
Talks are understood to be in an 'exclusive and advanced stage', according to sources familiar with the situation, and a deal could be signed 'within weeks' ...
It is understood that EVE has a car-making customer or customers lined up to take its UK-made batteries ...".
The Sunday Times: EVE Energy, a Chinese company that makes electric vehicle batteries for BMW, is on the cusp of investing billions of pounds into the building of Britain’s biggest gigafactory.
The Sunday Times: EVE Energy, a Chinese company that makes electric vehicle batteries for BMW, is on the cusp of investing billions of pounds into the building of Britain’s biggest gigafactory. (from Citywire's round-up of the morning press)
SB considers GROC to be "hugely undervalued today", it is hard not to agree with him.
The video highlights the way Greenland is now being "put on the map", especially by the EU, which has opened an office in the capital, Nuuk, and which Ursula von der Leyen visited recently.
The EU's critical raw materials act has recently become law and GROC believes Amitsoq will be designated a "strategic project" under it.
A 500m euro fund of the European battery alliance should prove to be one form of EU support in the future.
At the PDAC conference in Toronto (nearly 30,000 attendees) GROC was invited by the South Korean government to participate in a meeting organised by the Mineral Security Partnership and was 1 of only 3 graphite companies to present.