Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Market Cap only just a bit over 40 million so its possible.
How it could play out consortuim gives effective go ahead this month see share price in a range from 1.4 to 1.7. pence.
More mineral disovery news from Hawiah and it saterlitte propsects and Jibal Quatman DFS share price hits over 2.0 pence.
Kefi now well over 100 million range where it is more liley to be a takeover target. SP creaps up some more.
Kefi does a farm in agreement on one of its prospects SP gains.
Gold which has been creeping up spikes over 3000 dollars an ounce you get a pile in the gold sector and gold stocks in general. Sp Gains.
Kefi parent company get taken out as its copper and exploration areas in Saudi make it look cheap even with a much higher share price which will still look like peanuts to the big internationals.
Https://www.fxstreet.com/news/gold-price-extends-the-rally-despite-hawkish-fedspeak-202405100302
https://www.reuters.com/markets/commodities/gold-set-best-week-five-renewed-us-rate-cut-hopes-2024-05-10/
https://moneyweek.com/investments/commodities/industrial-metals/the-price-of-copper-has-risen
Https://finance.yahoo.com/news/allied-gold-announces-first-quarter-211700045.html (Ethiopia mining)
On September 7, 2023, construction activities at the expanded Kurmuk Project commenced through a two-phase development plan, bolstered by the previously announced strategic consolidation of the minority interest, bringing the Company's ownership to 100%(3). During its review of the Kurmuk development plan, the Company decided to pursue an expanded project involving an upgrade of the processing plant's capacity from 4.4Mt/a to the confirmed design of 6.0Mt/a…
https://www.youtube.com/watch?v=__2Ny44MnJE (Saudi mining AI commentary?)
https://telf.ch/telf-ag-comments-on-the-mining-development-of-some-middle-eastern-nations/ (copper/middle east)
“Therefore, it is unsurprising that Middle Eastern nations are increasingly demonstrating their intention to enter the global market of raw mineral materials with a leading role, partly also actively participating in the ongoing energy transition. “ (TELF AG is a full service international physical commodities trader.)
Https://ivanhoeelectric.com/news/ivanhoe-electric-announces-exploration-alliance-with-bhp-to-accelerate-the-search-for-copper-and-other-critical-minerals-in-the/
https://www.ft.com/content/8b60f39a-ddc9-42ab-bbab-290e5cdb00e0
Copper
https://www.thestreet.com/technology/is-copper-the-new-gold
https://www.mining.com/web/copper-price-touches-10000-again-as-goldman-sees-stockout-risk/
“We continue to forecast a shift into open-ended and mounting metal deficits from 2024 onwards,” the bank’s analysts, including Nicholas Snowdon, wrote in a note. There’s potential for a “stockout episode” — in which inventories run extremely low — by the fourth quarter, they said.
These intercepts have extended the vertical depth of known mineralisation at Hawiah to 740m and increased the down-plunge extent of the Crossroads Extension Lode by a further 270m.
· At the satellite Al Godeyer deposit, a second phase of drilling comprising 4,500m has recently commenced to infill and expand its maiden MRE reported in 2023 (see announcement dated 3 April 2023).
· These two drilling programmes are on track to upgrade at least 90% of the >30 million tonne combined MRE to the Indicated Resource category, forming the basis for Ore Reserves.
recent drilling based on geological modelling and interpretation has now discovered a similar VMS copper-gold-zinc-silver system at Abu Salal located around 50km south of Hawiah.
"The recent Abu Salal discovery has confirmed that the large Hawiah deposit itself is only the first in a cluster of deposits
"Similar VMS signatures can be witnessed elsewhere on our portfolio of assets, where we would accordingly expect further discoveries to be made. GMCO has a portfolio of
15 exploration licences in Saudi Arabia.
Hawiah's status has recently been further highlighted by the granting of EL's, contiguous to GMCO's within the Wadi Bidah, to the Saudi Government-controlled company ("Ma'aden") and its local exploration joint venture with Ivanhoe Electric, which has announced that the Wadi Bidah is one of the top 4 priority targets for their proprietary deep-probing geophysical survey technology (the 'Typhoon' electromagnetic 'EM' method).
KEFI's GMCO joint venture partner ARTAR has agreed to fund the ongoing programme at present to ensure swift progress continues in Saudi Arabia whilst KEFI triggers project launch in Ethiopia at the high-grade Tulu Kapi Gold Project.
https://www.theassay.com/news/kefi-gold-and-copper-reports-progress-at-tulu-kapi-gold-project/
https://www.2merkato.com/news/energy-and-mining/7814-ethiopia-oromia-region-sees-increased-revenue-from-minerals
https://*************.net/copper-prices-surge-with-anticipated-increase-in-demand
https://www.caixinglobal.com/2024-05-07/congos-7-billion-deal-with-china-linked-to-copper-price-under-new-contract-102193501.html
Electriclion kefi gradually getting there. Was some doubt that kefi was playing games with the adverts but those people are unlikely to join just for the fun of it.
https://www.gti.co.za/ green team international got mentioned think they are this group.
https://www.gti.co.za/pastprojects.html
"Combined open pit and underground production is targeted at +/- 200,000 oz p.a. of gold production which now represents an estimated gold export revenue of circa US$400 million per annum (assuming a gold price of $1,965/oz), which would today be Ethiopia's largest single export generator and a significant economic engine for local and regional benefits.
"With projected all-In-sustaining costs of approximately US$860/oz and break-even costs (after all debt-service) of approximately $1,200/oz, this presents a solid position for generation of net cash flow to KEFI. With a now-targeted KEFI beneficial ownership 80%, this represents net cash flow entitlement to KEFI of approximately £63 million (US$74 million) per annum over the first 9 years, commencing from H2 2026." Makes sense to go for the extra underground pit as early as possible now.
”corporate activity is increasing in the Arabian Nubian Shield and KEFI has received expressions of interest from other parties to potentially participate should the opportunity arise in Ethiopia, either at Tulu Kapi or in other growth opportunities being considered.”
Actually getting investors interested in Ethiopia to add to previous interest in Saudi.
Jacques Kruger has been appointed as the new Project Development Manager and is working closely with Project Director Norman Green, the founder of Green Team International; and
· Simon Cleghorn, KEFI's original Resource Geologist and a core team member during our overhaul of the Project in 2014-2015, has re-joined the Company at the Executive Committee level after serving as Chief Geologist and Chief Operating Officer respectively at leading Kazakh mining groups, Eurasian Resources Group and JSC AK Altynamas.
Looks like as kefi could not fill some roles in Ethiopia from the locals they have filled them at international level.
all syndicate parties have now either confirmed final (conditional) approval or that they target theirs this month;
· KEFI now targets an elevated beneficial interest in TKGM of 80%
Not much comment that that they expect approval this month and the share kefi expects has increased form 70 to 80 percent of TK?
HtTps://www.zawya.com/en/projects/mining/saudi-arabia-to-offer-6-new-mines-to-investors-na2bptqw
htTps://www.agbi.com/mining/2024/05/manara-minerals-2-5bn-for-stake-in-brazilian-vale-mining-giant/
htTps://english.aawsat.com/business/4352941-saudi-arabia-expands-exploration-mineral-resources
Plump profits (after all costs) are obviously going to be connected to the share of TK.
htTps://www.kefi-goldandcopper.com/files/presentations/kefi-swiss-mining-institute-20mar24.pdf slide 10 “The expected beneficial interest of KEFI in TKGM is c.70%.”
As for profits themselves depends on the price of gold at production bar an offtake arrangement personally would not be surprised to see three or four thousand gold by then (maybe even more) and breakeven cost at the moment are 1254, depending on the gold price how many billons in total revenue before costs. Possible that due to the higher gold price the pit expansion (as TK is open at depth) happens earlier.
Https://gulfnews.com/business/markets/saudi-mining-giant-maaden-to-raise-stake-in-phosphate-entity-after-deal-with-the-mosaic-co-1.1714461992894
https://www.mining.com/mosaic-sells-saudi-jv-stake-to-maaden-in-1-5-billion-deal/
https://www.zerohedge.com/news/2024-04-30/ross-norman-golds-record-highs-driven-china-what-happens-now
https://www.zerohedge.com/markets/gold-flowers-amid-april-stagflation-showers-stocks-bonds-crypto-crushed
https://www.zerohedge.com/political/von-greyerz-real-move-gold-silver-yet-start
https://www.zerohedge.com/commodities/only-safe-asset-chinese-consumers-overtake-india-gold-buying-frenzy
https://www.dailymail.co.uk/news/article-13367007/China-buys-huge-135billion-stockpile-gold-raising-fears-Beijing-preparing-invade-Taiwan-protect-economy-event-Western-sanctions.html
Picture changed on copper and M & A activity that after there has been a sea change on gold kefi second and third man projects are gold and copper the clue is in the name of the company "kefi gold and copper".
You never do FU2.
https://www.bnnbloomberg.ca/video/ivanhoe-mines-presses-ahead-with-expansion-that-will-make-it-a-world-power-in-copper~2873800
https://globelynews.com/world/copper-is-king-inside-the-global-dash-for-this-critical-metal/
https://www.bnnbloomberg.ca/video/rick-rule-discusses-ivanhoe-mines~2392154
https://gfmag.com/capital-raising-corporate-finance/mining-mergers-acquisitions-intensifies-reunion-gold/
https://www.leaders-mena.com/saudi-arabia-to-secure-lithium-for-ev-production/
(20 of April Facebook MoM page) Ministry of Mines reiterates that the local news published about Kurmuk Gold Mine is inaccurate. All company Licenses are valid, and the work program endorsed by the Ministry is being reviewed constantly to ensure all the activities are inline with the plan. Ministry of Mines is pleased with the progress made by Kurmuk Gold Mine and fully supports to finalize the remaining activities which will make it the largest gold mine company in Ethiopia when it commences production soon. Official response will be issued by the Ministry soon.
Https://www.theafricareport.com/345997/ethiopian-mining-can-become-largest-gdp-contributor-driven-by-airborne-geological-mapping/
https://www.thereporterethiopia.com/39850/ (Ethiopian mining)
https://www.zerohedge.com/news/2024-04-28/why-gold-why-now
https://uk.finance.yahoo.com/news/bhp-mega-bid-10-000-160016012.html
https://www.youtube.com/watch?v=IOMpfCnAdJ8 (M & A mining)
https://www.youtube.com/watch?v=IVAP9S4tCsM (M & A mining)
https://www.fanabc.com/english/uk-reaffirms-commitment-to-ongoing-economic-reform-program-in-ethiopia/