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@Jezza

There is an interesting connection here with the geologists from Camborne School of Mines who were / are part of the exploration team in Cyprus.

Juniper International FZ LLC as mining and renewable energy investment fund may already have a resource asset (or a number of resources/ mining assets) that they are ready to take public via CHF

Can't add any chunky buys without it going to NT.

Rig contract news and a placing

Contract signed for 2024 drill

Will still need to raise more to fund it though.

dai,

just saw your post re copper stocks to take a look at.

some of the globally listed copper super-majors have already been making a move over the past week / month.

freeport-mcmoran

anto***asta

ivanhoe

southern copper

bhp

however...

first quantum have tanked in the past few weeks and lost over half its value due to uncertainty about their cobre mine in panama being allowed to continue after the government moved to revoke the licence after protests over how it's licence was awarded.. 7billion wiped off the share price and its spiralling down.. no doubt a legal battle will continue.

the more the screws are turned on first quantum the more the rest of the sector would benefit.

for the small/mid cap london listed copper stocks you have

atalaya who are a producer.

then a whole host of juniors who are exploration co's or looking to establish a mine.

solg.

gscu

chf

est

xtr

kefi

pxc

bzt

afp

tym

probably a few other obvious ones i'm missing.. tro, or you others feel free to chip in.?

where the majors lead a sector bounce the junior tend to follow suit.

some of the above are trading on, or near all time lows and are likely to rally strongly if the copper price starts to really get on a roll.

Two videos that provide a decent overview of the Adeline and Sail Pond projects.

It looks clear that the focus will be on bringing in a commercial discovery at Adeline.

https://youtu.be/C7_RJU3niAc?si=ug1HrgxDRZaLRQe1

Since this first video was made the copper price has started to move up with it spiking at the end of last week on the supply constraint news.

2nd video provides a deeper dive more detailed / technical overview.

https://youtu.be/LKctK04VPAI?si=uQ1e0r9asRoJatpq

From 11mins in, it describes the Adeline systems as an Anolog of the UDOKAN project in Russia which when the mine there is built it will be the third largest Copper mine in the world with nearly 3 Billion tonnes at 0.97% Cu and 11.9g/tn Ag.

At Adaline there is already over 250 showings of copper right along the full length of the 44km basin.

The sheer size of the project makes this a potential world class Tier 1 District scale discovery in fhe making.

They are going to have to do alot more sampling, testing, mapping and drilling to get this proven up, and it sounds like they will be back out in the field in January and the focus will be here collecting more data to start to get areas off the project proven up.

Due to the sheer size, sterling are affectively acting as the project generator on this.

If they start to gets some nice hits then its should really start to attract the attention of the super majors to take it onto the next level.

" This has the potential to put Canada back on fhe map as a top 10 copper producer on its own"

From this way oversold share price the potential upside from a success case is phenomenal.

These are the types of micro cap juniors that you rarely see the market notice until they have already 10 x bagged for those investors in on the lows.

Then folk start looking in, and then they 10 x bag again.

For me, from this level, with a new Cornerstone investor coming in and a nice spread of assets with genuinely world class potential its got huge potential to deliver some incredible gains for shareholders.

GLA.

@Hartford

Thanks.

These are my brief research notes as someone asked the question about what assets CHF had on their balance sheet at present.

I thought it would be a good starting point to refer to for anyone looking in and wanting a quick 'snapshot' of the assets and license areas as things stand.

I will add to it further over the weekend at some stage.

Tro,

I mentioned yesterday would see a bounce on these copper plays after that first quantum news.

Pt- 3 Cornerstone Inveatment and Joint ventures

Ref RNS 25 Sep 2023

The Board is pleased to announce the appointment of Mr Kashif Afzal as a non-executive director. These changes have occurred following the pending sale of Chesterfield shares by Polymetal, which have been representated by Mr Vrublevskiy on the Board, to Juniper International FZ LLC, a private investment holding and advisory company with a particular focus on mining and renewable energy that is based in the UAE. The final completion of the sale of the shares by Polymetal remains subject to certain regulatory considerations and it is expected that formal notification will be issued upon completion of the remaining formalities.

Mr Afzal, is a British businessman based in the UAE, and a graduate of Oxford University and the professional programme at the Camborne School of Mines. In addition to Juniper International FZ LLC, Mr Afzal is an advisor to a number of institutional and family office investors and a Director of Blockbase Asia and Bosonic Energy. He will be a welcome addition to the Board of Chesterfield as his experience and network in the UAE will assist in the identification and financing of additional opportunities for the company

> Summary

It appeara that Chesterfield is about to pivot through a clear inflection point of new investment and strategic change & growth as they look to progress their existing prospective licences and potential new opportunities with a new Cornerstone investor coming onboard, with links to a number of institutional and family office investors

Having a UAE fund come in as a significant shareholder 17.7% alongside Altius Minerals 7.7% tightens up the capital structure and strengthens the board.

With the prospects of further capital investment the present share price looks a very compelling prospect

From such a low base and near term transformational developments anticipated, the Share price could be expected to react extremely positively as the market digests the strategic chamges taking place at present.

A material re rate of the share price to bring CHF valuation more broadly inline with sector peers operating in the £5m-£10m junior exploration market cap space would not be un-expected in my opinion.

Pt - 2 Canada

Chesterfield's set of licences at Adeline in Labrador have been recently optioned to Sterling Metals (SAG.V), a listed Canadian explorer, in exchange for cash and 4.5million shares

A further payment of CAD$400,000 and the second tranche of 4.5m shares is due ro be payable by 30 November 2024 or before which provides CHF with a free carry on the Adeline project and full exposure to any exploration upside without any costs

CHF will then own 9million shares in Sterling, giving Chesterfield shareholders a stake both in the upside of the Adeline property and Sterling's 100% owned high grade, district scale, Sail Pond silver-polymetallic property

Sterling will be exploring two sets of highly prospective licences in eastern Canada, Adeline, and Sail Pond. Having successfully raised in April a total CAD$6.476m (£3.8m) through equity fundraisings,

> Summary

Chesterfiels's shareholders will continue to enjoy the benefits of any exploration success at Adeline, whilst not needing to raise capital to do so and also diversifying risk with the added exposure to Sail Pond.

Pt - 1

Cyprus Gold, Copper and Polymetallic land holdings

Neighbouring Venus Metals are undertaking exploration activities on the adjacent licences and are operating with a market cap of $21m AUD

CHF holds significant gold-rich and polymetallic mineralisation licences in Cyprus across several Main targets across a 12km geological trend that is now considered key to controlling several mineralised systems, with the potential for further discoveries along the structure. The "Westline Trend"

Crucially, mineralisation remains open in all directions

Chesterfield's land holdings have revealed a number of discovery holes drilled in the past two years across proven mineral rich ground upon which further drilling can be now undertaken to expand the known areas of mineralisation and potential resource model.

Highlights of assay results from Orchard include:

- 24.05m @ 1.69g/t Au, 5.85g/t Ag, 0.11% Cu, 1.48% Zn and 1.73% CuEq1

Highlights of Assay Results from Westline include:

21.40m @ 1.75g/t Au, 19.97g/t Ag, 0.08% Cu, 0.40% Zn and 1.73% CuEq1

· Highlights of assay results from Evlim include:

- 21.90m @ 1.60g/t Au, incl. 2.40m @ 5.41g/t Au

· Highlights of Assay Results from Evlim South:

- 14.00m @ 1.12g/t Au & 10.35g/t Ag

- 12.85m @ 0.84g/t Au & 5.07g/t Ag

-Highlights of Assay Results from Evloimeni:

- 29.80m @ 1.10g/t Au, & 2.75g/t Ag, 0.28%Cu, 0.97%zn

·

:Cyprus has been identified as having its part to play in fhe EU's Critical Minerals Bill passed in 2022

As a country with significant copper/gold reserves, Cyprus can also benefit from the EU's Critical Minerals Bill.

> Summary

Based on peer analysis and inital discovery drilling completed so far Chesterfield's highly prospective licences clearly demonstrate the ability to host multiple large mineralised Gold & polymetallic systems providing significant Valuation upside potential.

Good to hear that EH will be progressed next.

As they say multiple income stream across a nice mix of commodities.

UFO felt abit like a 500 piece jigsaw three years ago with some pieces still missing.

Roll forward to now.

All the pieces have now been located.

The sides have now been completed

The picture is now much more clear to the market.

Just need to fill-in the bits in the middle now.

GLA.

That's good news for the likes of JLP.

They have had a decent run over the past month.

I think we both called the floor on that one.

Seen a few piling back in over there in the past week.

Copper futures rose toward the $3.9 per pound level, approaching the four-month high of $3.91 touched on December 1st, tracking the rise in other base metals as dovish projections from the Federal Reserve pressured the dollar and supported the outlook for industrial activity. Members from the central bank increased the amount of rate cuts projected for next year while downwardly revising its inflation gauge, ramping up hopes that lower borrowing costs can support manufacturing activity. Additionally, the lower dollar increases foreign demand for USD-priced base metals, also lifting its price. Supply concerns also supported the trend, as Panama plans to shut down First Quantum’s Cobre mine, halting production from a key source of world supply

Tro,

I know you have a few copper related stocks

Nice move up again for copper price today and starting to look like that floor is now in.

Interview with JB on the Midweek Roast today.

Junior sector starting to wake up.

JB's contacts should be able to help them secure some further assets over in Africa expanding the portfolio for shareholders and adding value and he has a strong track record as a deal maker.

It should also help with the media & PR side of things

Good to see deals like this bagging the SP as the value is added and market can see the potential ahead.

IMC did exactly the same

Next deal of this nature in the junior space is due to land over at CHF where it appears a UAE based fund Juniper International FZ LLC with a particular focus on mining and renewable energy is about to come onboard as a cornerstone investor.

Market cap over there is a mere £591k so a deal of the type we have seen here today to inject cash and place a new focused direction in mining in the renewable space would see the market cap leap 500%+ to bring it in line with Unicorn.

Expecting a big 2024 for both companies as from these micro valuations, today demonstrates just how rapid the SP appreciation can be.

Won't be surprised to see both UMR and CHF both follow IMC and 10 x bag from their year lows.

GLA

JB's contacts should be able to help them secure some assets over in Africa

It should also help with the media & PR side of things

Lots of sectors bouncing strongly today.

Not seen this for a long time.

Gold up $50 overnight

Gap up on PM producers.

Through 600p

Gold up $50 overnight.

Dollar weakening

EUA

Another gap up today on open

Profit taking now kicking in though.

Decent run over the past week.

Excellent spot by Horult.