Member Info for Rover62

Just an indication of the daily average over the last 3 pours.

9 Dec 2024 to 10 Jan. 416 oz or 32 days at 13 oz per day

11 Jan to 10 Feb. 522 oz 31 days at 16.8 oz per day

11 Feb to 24 March. 599 oz 42 days at 14.3 oz per day

To put it into context the daily average for the whole of 2024 was 7.4 oz per day.

Looks like Zinnwald missed out in favour of cinovec across the boarder

https://single-market-economy.ec.europa.eu/sectors/raw-materials/areas-specific-interest/critical-raw-materials/strategic-projects-under-crma/selected-projects_en

From the documents link below a plan is afoot to fund some future activities. This is $40 million and must be on the table by 1st May 2025 and paid by 1st June 2025. If not the total meltdown.

CRMA list of approved strategic projects due in the next couple of weeks or so.

Any thoughts?

Previous company names

Name Period

WATERMARK GLOBAL PLC 05 Mar 2008 - 01 Jul 2013

MICROFUZE INTERNATIONAL PLC 30 Nov 2005 - 05 Mar 2008

MICROFUZE INTERNATIONAL LIMITED 28 Sep 2005 - 30 Nov 2005

CHROME INDUSTRIES LIMITED 19 Aug 2005 - 28 Sep 2005

Slow start to trading today.

Any comments?

Website back !

https://horizonteminerals.com/uk/en/

Got the below from the Portuguese version

In my limited knowledge (none) of Brazilian bankruptcy law it seams to me that the Brazilian company may still exist into the future.

Section 5 is the interesting one.

The company seams to be getting $40 million from some where to pay off the creditors at 5% and previous employees at 100%.

Again I haven’t a clue what this means for the future?

Any comments

https://horizonteminerals.com/news/pt_20250129-Araguaia-EJ-Plan.pdf

Just an observation.

16.253 kg from 48kt of ore in a month. About 0.34g/t grade.

If they start using the ore form Pit 1 at 1 to 1.2 g/t.

That’s 3 times more or less on the same volume of ore depending on recovery rates.

For the type of ore at Homase does anyone know how long the process is between stacking and when the stack would be depleted.

Sentinel satellite image from yesterday

https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=6.32846&lng=-1.62512&themeId=DEFAULT-THEME&visualizationUrl=U2FsdGVkX1%2BbSeBoYYsufrCShnenzrpgOd42LtWHCnwN2CGvibgCN1M47C60TWnJnbST7eY0528RAYCQTTagdLPlePCfse4ey7xFqSfh%2FBHFFPT%2FbhnEbxN%2BqaOfGLkR&datasetId=S2L2A&fromTime=2025-02-04T00%3A00%3A00.000Z&toTime=2025-02-04T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22

Can’t buy at the moment, NT.

I’m not on telegram but would love to have an update.

I think Matt ought to publish one on the Armadale website.

From 5th Jan

https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=6.32846&lng=-1.62512&themeId=DEFAULT-THEME&visualizationUrl=U2FsdGVkX1%2FQsYz2KyZyFUHLNdWzhma92yGo40soz3VYGgBGOS%2BGb6SoINLriaaPlXCt9PP%2BGxVqiHHPXJg5kiIfIRK8A93ecvry7zn%2BsK0rVEu7k6xsxLEbBuVaeycb&datasetId=S2L2A&fromTime=2025-01-05T00%3A00%3A00.000Z&toTime=2025-01-05T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22

It’s most likely an AI generated report. Who would pay that much.

Absolutely agree, this removes a creditor from the balance sheet. Result. 😎

They are now trapped like the rest of us shareholders, relying solely upon the success of the company.

For the loan of £2.4 million they are getting 16% of the company, 147,692,308 new Ordinary Shares. Per share £0.01625

Or

with the interest accounted for £2,790,419.51, they get 147,692,308 new Ordinary Shares. Per share £0.0188935

I think it’s probably the best compromise?

Thanks,

Filing on Companies House

https://find-and-update.company-information.service.gov.uk/company/05676866/filing-history

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/7fDFxuRU7Mwr4xvhDla6aGYVlsjQGXgbe3jgG0VE_ls/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3HC43GDO3%2F20241205%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20241205T095557Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEFcaCWV1LXdlc3QtMiJHMEUCIAzslvK%2B7iDhw9b1rT4Fv%2Bzop1ozpItPZoYpwLBswyorAiEArD67uttbmUHCazz8FCBhOVHbHztupTauu0L1mSVZzrkqugUIEBAFGgw0NDkyMjkwMzI4MjIiDGPawcp5aihrsCwr1CqXBduk70QhbMCHT25dZOObpjUNiL6r9%2FEgMlotQB6%2FODyUCPeuPnwMik2OzkLOLjE1CT6otqU67WxbTucJUuNsBFaM4GP3ox79J%2BSSCX2MfbHEKV7FOhrf8%2BMLK1qGMy4TWbpKwt3m%2BbOwvlNWF9K1eTUfxSUwBH%2BfUJFoPyl%2BUhRLdXsd8dZJX1d8XH%2BakWiR3xZZPpHWr3uH1wkclZI5WnabbehIh4eYAoXapzo2ym6jmQLPClg4Mluiv4YvYKbeeS1INfBGaCNY3sqiBuy%2BdzYPYNbRLCKFgYhMmbSAE3hk8QkCDaSN0GUC%2BUldlWNTmD7YbbQj2pOoupCsIDYaoXOlbfM4QZwVjFFLu6%2F2JDT5VEwixCw6d9wo1duyifGgeE5LQ8ZOq1CpwpMm1ULpVAIkUU6IstmHUVO28M3iGyPD6QVhhlxTwmkTJUnL%2B9ncE2PNcvhVE1p%2Bt33ejyUF7i3UplH0EgdsWDf1ZTGCY4%2Fm8v6sLMcYkBn%2BIB9L5xcYD8Jd%2F4hjutqWvdkEb2rBte5CoLeAPHMQo46kS5fIU4rOnKOaiCHPGIBukmiW6xAlRMpU%2FWaqfI3YLFq4E6L7fgVLKrdve7y7HB2PTdfkkXQwVu%2B4CE8b7GgM5kfW%2FcQrgpjH8GnbQhnxcNLupsbp6gBJSPkR3IFR0YApqWYOSeqAYHzRPspG6cCx6944w7HeUYYxGsuuuzb2tMU2BGl5eajQrM056nooxqyywSIsQMZ7%2BzgrnNaoXLPMO4MRIBtmY3Votlpu%2FhMKw1s2XhmbNGTPy0o1CKt3%2BHNSpUAJuJA1iNqVLRbRgYZ98S6OupHfCilqP9wQG6LnT31U8kUDQxzULq5NqVCTgdgv7VxaQByBwgA8%2BB5fCTCMo8W6BjqxAQM4eCyhR5eKXhJrbo0ksoK3Ri3spJRky9yMID0CNtzbK%2FgBQjanEJA4pOdkKrgK1sBMofHF6AL3O8aewd7phhcYTQvmDhjuyXx0W%2FCN%2FUTcInUC%2BjoJw4yVr5fkJ5iZi7WjShS8QE1BAOhrk5sksPnKNQC3t825FBlmHx%2BnuN%2BwQ8qa%2BuErXmm366nuFIAA%2BXBMtdYRzmOrzmq%2FiZR5bkEAegp4wFB7MHj2%2F3JVmxE1ug%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=b734f828bc5891d21a36b4fcad4cf99ca9a1eb71ab45e29f286e2f4aaf931e30

The company is still in administration.

The only thing that is available is fillings on companies house.

Other that that you’d need to contact the administrators directly.