Member Info for RogB

I read it as permission to proceed if they stick to the plan already given by Cornwall Resources response.

There's a new response to the planning application:

Cornwall Council Lead Local Flood Authority

Comment Date: Mon 08 Jun 2026

The Lead Local Flood Authority (LLFA) has been consulted on this application. The details contained in the Cornwall Resources letter (dated 20/05/2026) have been noted.

The Lead Local Flood Authority suggests that the following condition is applied to the planning consent, if this is granted:

Condition: The surface water management for each drilling operations site shall be in accordance with the principles set out in the Cornwall Resources Ltd Surface Water Drainage Strategy and letter (dated 20/05/2026).

Prior to the establishment of any site and commencement of works, a Drilling Operation Surface Water Management Plan must be submitted to and approved by the Local Planning Authority. This must include:

1. A Surface Water Management Plan for each site. Each plan must clearly identify how surface water runoff from the site and the effects of silt and surface water on land, property, watercourses and the highway will be mitigated and managed throughout the drilling operations.

2. Details of pollution water quality and emergency control measures, including temporary sediment basins, sediment traps, silt fences, bunds or trenches.

3. A Drilling Phasing Plan and timetable.

4. Construction Site Plan showing compounds, material storage areas, temporary vehicle parking areas.

The Local Planning Authority must be informed of any variation from the details provided and agree these in writing before such variations are undertaken.

The approved details shall be implemented in accordance with the timetable so agreed and the scheme shall be managed and maintained in accordance with the approved details for the duration of the works.

Reason: To prevent the increased risk of flooding by ensuring the provision of a satisfactory means of surface water control.

I think the RNS was mainly about LCCM and they needed to pad out the uncertainty caused by that news so added some repetition of the good stuff ongoing at Redmoor and a new dozer for Cobre.

Comments from Historic Environment Planning (Archaeology) have arrived. Seems SML could do a bit more to satisfy them as they seem miffed to not have had feedback from previous pads.

Https://www.linkedin.com/posts/great-southern-copper_chile-especularita-activity-7465327474097188865-Or3b?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAnOWeYB_zNoEgPWi_STncQayxY9brvK8_w

Hopefully the link works but there's GSCU video on their LinkedIn page showing Sam describing the geography.

I agree ptun. It sounded like they could contribute to an offside scheme. Just need to establish what an appropriate level is for the BNG. I also don't see this as a major hurdle, just a short time delay possibly to approval.

The ecology response required an updated submission with a biodiversity net gain assessment as I think SML had assumed each drill pad was small enough for an exemption - but together they are too large and some more work needs to be done. I suspect, however, its a straightforward bit of deskwork for their consultants by the sound of it.

I guess it depends on whether Tun processing plant can process the different ores effectively. The concentrate that comes out still needs to be turned into APT and purified, a step which is apparently technically demanding. See SheffTon's quote from the Critical Minerals select ctte. Most of this processing is in China, just like rare earth. Also the more mixed the concentrate is the harder it is to produce quality APT, so mixing Redmoor and Tun material into concentrate may be counter productive and separate streams would be more valuable longer term.

For security of supply it's not just a case of having the mines, you need the processing of concentrate to be in a friendly jurisdiction. There's not much in Europe I could see but US can process. We used to have world class chemical industry in the UK. Perhaps there's scope for a plant to be built in the UK to service streams from both mines.

SML results got a mention on the morning miner podcast today. The preamble was more interesting though as government are meeting mining experts today to develop the critical minerals strategy.

https://www.research-tree.com/media/vsa-capital-morning-miner-200526-20-05-2026/id/27853/8df7919f-bf09-41b0-a91e-c7388af6b08b

I'm on T212 and most of my AIM trades in general go through in a batch at the same time as others. I think they get batched in an auction so that may be why a load of trades are reported simultaneously - all buys and sells appear at their same price.

Nice to see some figures and diagrams in the pdf that you can actually read! The RNS images from Cobra (and other companies) really do my head in.

Thanks KuroMaou. I have already reached the miniscule cap on the total number of shares in my GIA on T212. I was hoping to get a few more for my ISA. Guess I will just need to be patient and wait for my turn! I don't seem to have quite this problem on other shares.

I have a limit order in for 500 quids worth at well above ask on my T212 ISA account which just will not execute....

I think I will have to contact admin there. Anybody managed to buy using t212 last week or two? If a limit order what was the limit and what price did you eventually pay plz?

Great results from Blue Rose. What do folks make of the reports from Neptune Rose and Black Baccara at the end of the main text of todays RNS?

Neptune Rose sounded like either it missed hitting what was expected or what was expected wasn't there "the chargeability anomaly is not associated with skarn mineralisation". Black Baccara intersected pyrite but drilling stopped short of plan after intersecting excessive water.

Rupert sounded chipper in the accompanying video - sounded like Head Prospect / Boland was progressing as well.

I don't have any insight into Hot Rocks I'm afraid. I posted it as I thought it potentially useful to keep track of more institutional type investors on this thread, rather than buried in news items nobody reads. It may well be nobody reads them for a reason......plus it's a slow news day here

Just spotted this news item on LSE COBRA page.

"Additionally, Hot Rocks has taken part in a GBP4.5 million fundraise by Cobra Resources PLC to support its Manna Hill copper project and Boland rare earths project, which Hot Rocks sees shoreing up Cobra's position as a resource developer in South Australia. The London-based investor has bought 502,000 Cobra shares and 251,049 warrants exercisable at 6p within two years."

Hot Rocks Managing Director Gavin Burnell said the company is "excited for the potential of our various positions".

thanks dobre, i found the map with pad 4 on here originally, despite not being on facebook, i hope these links work. the planning app one doesn't work for me at the moment.

https://www.********************onecallington/posts/3464748527005907/

https://www.facebook.com/photo/?fbid=1377337667767961&set=pcb.1377337817767946

Https://buddlepit.co.uk/mine-explorer/Database/MineDetails.html?id=YWrD28y8bBRNhqDeJ7k8vg==

Just found this list of local mines and shafts....plenty to look at. SML presumably have access to all the Duchy records which is probably where they start.

During the webinar they mentioned some priority targets, the names were on the slides which are available on their website

"The area includes historical mines such as Prince of Wales, Luckett New Consols, and Drakewalls Mine, as well as exploration targets such as the Plantation Vein"

Do any of these analysts estimates contain a break even tungsten price? Or is it just an estimate of the value of resource and a notional discount rate due to development level? I see a lot of posts scaling up the 4.8p valuation on old tungsten valuations linearly using ratio of old/new tungsten value which won't account for break even processing costs.

The 12th Nov RNS said "Following completion and optimisation of the Stage 2 flotation trials, AHK-MP-UK will proceed to the bulk flotation phase, designed to produce a copper concentrate, as well as tungsten and tin pre-concentrate for further gravity and magnetic separation in Stage 3 of the metallurgical programme. Testing is continuing with floatation, gravity and magnetic separation testing targeting separate Cu, Sn and WO3 products. Testing will be completed early 2026"

I can't recall see much development since, perhaps a bit of ore sorting machinery testing but no results reported. Will this info be needed for MRE?