Member Info for richie1132

Looks like good timing for the Offtake sales to Traxys to begin from our Kinusi Copper Mine, with the copper price on the up again.

gla

Pied-piper. Thanks for your concern.

gla

The way the Helium market is shaping up I can imagine there being massive interest and a possible bidding war.

(I see Noble Helium are starting a drilling campaign at North Rukwa, currently scheduled to commence in the June quarter)

All looking good imo.

gla

All good for Marulas Copper and Graphite projects imo.

hTtps://tanzaniatimes.net/how-the-world-plans-to-use-tanzania-in-bypassing-the-gulfs-strait-of-hormuz/

gla

With the AGM being a week on Monday we could be seeing some news next week.

gla

I can see Beisa Mine Acquisition being fast tracked to production now that the new Board are in place.

Africa is getting serious about Nuclear power and need fuel and lots of it.

hTtps://x.com/Nuclear_BP/status/2046443811224895817

gla

Thanks Mitriti.

gla

My figures are base on the statement below.

"The MST report and CRD is operator and 22.875% participant in the Mako gas project.

and they are forecasting CRD's revenue share ~US$70-75M p.a. at current gas prices and at plateau production rates"

So if CRD are getting 70-75m for their 22.875% as stated

How many time dose 8.5 go into 22.875 = (c2.7) let say 3x

lets say CRD get the top end 75m divided by 3 = 25m p.a

I'm using their figures.

gla

Sorry pied_piper I miss calculated again - it's not 18m or 14m or 1m a month it's ....

23.3m p.a which is c2m a month to EME.

That is my calculation and you have yours's we shall see when the income becomes steady state after all the debts are settle etc who was the nearest.

gla

Yes pied_piper I was slightly of the mark with 18m it's more like 14m but just let's call it 1m a month to EME ..

It's still quite a bit of regular income.

gla

Ok just had a look at the MST report and CRD is operator and 22.875% participant in the Mako gas project.

and they are forecasting CRD's revenue share ~US$70-75M p.a. at current gas prices and at plateau production rates Page 1&2.

So on that calculation EME's share for their 8.5% would be cUS$18M p.a x9 = cUS$162M

gla

A bit of AI generated lite reading

Potential cash returns for Empyrean Energy (EME) from the Mako Gas Field are primarily driven by its 8.5% participating interest in the Duyung Production Sharing Contract (PSC). Following a 2026 settlement with project operator Conrad Asia Energy,

Empyrean is now entitled to a direct share of various cash inflows from the project.Near-Term Cash Inflows (Farm-out Benefits)Under the agreement with Conrad, Empyrean is entitled to 8.5% of all cash payments made to West Natuna Exploration Limited (WNEL) by its majority farm-in partner. Key estimated tranches include:Upfront Consideration:

Empyrean's 8.5% share of the initial $16 million upfront payment (approx. $1.36 million).

Interim Payment: 8.5% of an additional $4 million due shortly after completion (approx. $340,000).

Production Milestone: 8.5% of $7 million due at first gas in late 2027 (approx. $595,000).

Long-Term Production RevenueOnce the field enters production, currently targeted for Q4 2027, Empyrean will receive ongoing cash flows from gas sales.Gross Project Value:

A Competent Person's Report estimated that Mako could generate approximately $2.4 billion in net gas sales for Conrad's interest; based on this, Empyrean's 8.5% share could theoretically equate to roughly $266 million over the life of the field.Sales Agreements:

Revenue is underpinned by a binding Gas Sales Agreement (GSA) with Indonesia's state power company, PLN EPI, with prices pegged to oil (Indonesian Crude Price).

Project Funding: The project is fully funded at the joint venture level, which materially reduces Empyrean's further funding exposure and risk of dilution.

gla

I'm new here today and I was just doing some research into EME and AI gave me some information on Projected Cash Flow Timing I though I'd share. gla

As of April 2026, Empyrean Energy PLC (EME.L) has a clearly defined cash flow timeline and domestic commercial framework following the resolution of its legal disputes and the approval of the Final Investment Decision (FID).

Projected Cash Flow Timing

Empyrean has transitioned from a high-risk exploration phase to a funded development path, with incoming payments and production revenue staggered over the next two years.

Q2 2026: Immediate Cash Inflow: Following the US$5 million first instalment of the farm-out consideration, a second payment of US$4 million is due to the operator, West Natuna Exploration Limited (WNEL). Empyrean is entitled to 8.5% of these payments.

2026 – Q3 2027: Working Capital Runway: With US$2.37 million in free cash as of March 2026 and incoming project payments, management estimates they have enough liquidity for at least 18 months.

Q4 2027: Final Upfront Consideration: A final payment of US$7 million (of which Empyrean receives 8.5%) will be triggered upon the commencement of production.

Q4 2027 onwards: Operational Revenue: First gas is targeted for late 2027. Under the new Shareholders Agreement (SHA), Empyrean will receive 8.5% of all gas sales revenue directly from the project's Special Purpose Vehicle (SPV).

I'm just wondering if we will get an RNS tomorrow informing us of the successful initial delivery of manganese ore... or not.

"The Agreement provides for initial deliveries of a minimum of 5,000 tonnes ("t") of manganese ore by 30 April 2026 and a minimum of 120,000t over the 12-month period commencing in May 2026"

gla

ZAKS said we needed to see 1.3p by the end of the month.

Unless we get more news in the morning I can't see it happening myself. but you never know :-)

gla

NEO have £6.5 million of convertible loan funding lined up once the mine acquisition is ratified which is expected by year end, by that time I'm expecting the SP to be north of 5p - they have enough funding until then.

dyor

gla

Thanks for posting Dcode much appreciated.

gla

I would have thought that the Beatrix Mining Right section 11 ministerial consent will not be far behind this one.

imo now that NEO have the new board in place and the government ministers now know who they are dealing with going forward things should start moving quite quickly.

(South Africa will need a source of Uranium for the imminent restart of their nuclear power programme)

gla

Janiax I did a quick look for past TR1s that have been issued by NEO and I managed to find (1) and that was sometime in 2023.

So don't hold your breath for a TR1 imo.

gla

An exert from the RNS dated 19th January 2026 regarding funding.

"The Placing proceeds will be used by the Company's Executive Management team to fund the costs under the 4-phase implementation assessment programme that is underway and is considered sufficient to fully fund the Company's working capital requirements through to completion of the Beisa Mine acquisition from Sibanye-Stillwater"

gla