Member Info for Ortus

I think the Antimony (Sb) at Clontibret is going to drive interest here with grades up to 14%. For context, most Sb mines operate at 1–3% Sb and 10%+ is exceptional. This is why they're drilling where they are.

Sb is very much in focus right now and I'm seeing investors looking for Sb exposure. There are very few projects showing real grades so eyes will be on CGNR if the assays look good. If continuity at depth is confirmed Sb becomes a serious value driver here, maybe as much as the gold. Sb not currently reflected in the valuation.

Market hasn’t caught up yet. Maybe the Canadian TR1 guy has though.

I've been a persistent holder for 5 years and I agree with lots of what you say. My enthusiasm comes from noticing things that to me indicate something to feel encouraged about. Whether I'm right or wrong. Whether it moves 10%, 50% or more, or not at all. We'll see.

Carters - Why the arrogant tone? Surely we all want the same thing here.

If you know something that specifically explains why the presentation is inaccurate then that would be useful.

The Canadian HNW mining investment specialist who just increased his holding to 6.3% has seen something meaningful to convince him to throw his own money at this.

Has anybody been approached with an offer to sell their shares?

Read the presentation

The post before was yours saying drilling hadn't started, this update states it has started.

I take it the new presentation has slipped under the radar?

New significant 6.3% TR1 announced.

Key updates

Re-logging dataset advanced

> Over 18,000m re-logged

> Underpins the new 3D model

High-grade plunge trends identified

> Two untested plunging mineralisation trends discovered from re-logging + 3D modelling

> Major structural update

Fosterville style structural interpretation

> Fold geometry, lode orientations, and stockwork structure consistent with depth-grade improvements

> Deeper drills found bonanza grades, hence CGNR drill plans

Drilling recommenced at Clontibret

> Deeper drills guided by the updated 3D model

> Testing 2 newly identified plunge trends where higher-grade zones typically occur in this type of system

> Deeper drills looking for similar bonanza grades to Fosterville

Clay Lake a multi-million-ounce scale system

> 3km x 2km target footprint

> Strong structural continuity from Clontibret to Clay Lake

Expanded antimony (Sb) system with new structural definition

> Sb is a Critical Raw Material in the EU & UK designated high supply risk + high strategic importance

> High grade 14% Sb zone confirmed inside Clontibret

> Second parallel Sb trend also identified

> Sb confirmed in scout holes

CRMA strategic-minerals

> Sb at Clontibret positions CGNR to apply for EU Critical Raw Materials designation

Financial restructuring

> Director fees. 20% written off, 80% converted to NSR only on production!

> No interest, no dilution.

A potentially 'poor campaign' not the best use of words as it doesn't consider the lengthy and iterative nature of the exploration process.

It's still relatively early days regarding Anglo drilling and each core will provide something valuable towards honing in on the main deposit(s). A few meters of decent sulphide grades may still be good news as part of the exploration process.

Also Anglo will likely be careful about how much detail to release and when, for obvious reasons.

I was thinking the same about getting the Zaco LML's over the line, but the current exploration licenses do have several years left on them (subject to the renewal t&c) so maybe these aren't considered a bottleneck for an update. Plus Handa holds key targets Cheyeza + Muswema + New Target so hopefully more than enough reasons to give an update once the assays have been interpreted.

I believe a certain geologist working for a certain major has predicted the grade of this (missing) copper deposit to be significantly higher than that of Sentinel

The company has since stated by RNS that the MoM have confirmed the Handa LML application is in good standing. Cadastre is slow to update, but it seems licenses mentioned from the same MLC meeting as Handa / Zaco are now being progressed. I don't expect to have to wait for the next MLC update to find out.

From 1st August RNS and statement that Bots assays have been expedited, I'd expect to see this build next week on anticipation of the drill data RNS. I've gone from hoping for some news to fully expecting a decent amount news flow here now over the coming weeks and months.

"In the event of excess demand, the Company reserves the right to increase the size of the Capital Raising in its sole discretion"

That's a great bit of research, thanks SeisNav

What we've known / believed to be under the ground has always had great potential. What's about to happen with the completion of the JV unlocks that potential, so we're in a very, very different position right now than ever before. Not meaningless, but incredibly meaningful. GLA

Why will that matter either way following the JV completion and commencement of the drill campaign?

Anybody who's researched ARCM already know WHAT is going to happen here. The price sensitive information has already been released. The question everybody has is WHEN? That time may well be anytime NOW. GLA

'It's certainly a disappointing way to manage things. If an rns wasn't ready for 7am this morning, there shouldn't have been one on Friday just before close'

Why? This is a very specific expectation which doesn't really matter on the grand scheme of things.

Some very demanding opinions today about the exact timing of June's ops RNS. If we don't know what's going on behind the scenes how can we assume the business aren't doing the right thing?

I hope no JV happens soon as I'd expect we don't yet have enough selling points to act as leverage for a really good deal. A deal with poor or just OK terms would strangle investor enthusiasm IMO especially in this market. We need more exploration and mineralisation hits for real 'proof of concept' first.