Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Top 5 postcards for produces.
* China – 368.3 tonnes. For many years, China has been the top producing nation, accounting for 11 percent of global mine production. ...
* Russia – 331.1 tonnes. ...
* Australia – 327.8 tonnes. ...
* United States – 190.2 tonnes. ...
* Canada – 170.6 tonnes. ...
Canada is a very safe jurisdiction.
Gold miner Gold Road Resources has made an all-cash offer to acquire the shares it does not own in Western Australian gold exploration company Apollo Consolidated, for $0.41 (A$0.56) per share.
Apollo Consolidated already received a takeover proposal from Australian firm Ramelius Resources earlier this month.
The unconditional off-market offer implies about $124.3m (A$166m) (fully diluted basis) of equity value for Apollo and a premium to Ramelius’ cash and scrip offer of $0.415 (A$0.5542).
Gold Road said in a statement: “Gold Road’s offer provides Apollo shareholders with a compelling opportunity to realise certain and near-term value for their Apollo shares at an offer price that represents the all-time highest price paid for an Apollo share.”
The offer forms part of Gold Road’s strategy to grow and diversify its growth pipeline with low-risk opportunities in tier one jurisdictions.
Gold Road currently holds a 19.9% stake in the issued share capital of Apollo, which owns the advanced gold project at Lake Rebecca, greenfield gold projects at Yindi and Larkin, and the Louisa nickel-copper sulphide project in the Kimberley.
Subject to a successful outcome, Gold Road plans to carry out continued exploration and studies to advance the Lake Rebecca Project.
Gold Road also intends to grow resources at Lake Rebecca and develop new mining operations.
1.035 million ounce Mineral Resource. The offer implies $124.3m of equity value for Apollo
Lake Rebecca Gold Project (Apollo 100%)*
The Lake Rebecca Gold Project comprises ~160km2 of tenure located approximately 145km east of Kalgoorlie, covering a greenstone belt on the eastern margin of the Norseman-Wiluna Greenstone Belt. The belt lies at the southern end of the Laverton Tectonic Zone, a regionally important structural corridor that hosts multiple gold camps.
The project contains three advanced and growing gold discoveries – Rebecca (previously named Bombora), Duke, and Duchess (previously named Redskin), in which gold mineralisation is hosted by broad zones of disseminated sulphides in gneiss. The boundaries of each system are only partially defined and offer potential for high-grade plunging positions internal to the zones.
In February 2020, Apollo declared a combined 1.035 million ounce Mineral Resource1 at the Lake Rebecca Gold Project, across three deposits and wholly constrained within optimised pit shells. The flagship Rebecca deposit contributes 775,000 ounces, of which 550,000 ounces are at Indicated category. On 20 April 2021, Mineral Resource estimates were revised for the Rebecca, Duchess and Duke deposits following infill and step-out RC and diamond drilling completed in 2020. Total combined in-pit Mineral Resources now stand at 29.1 Million tonnes at 1.2g/t Au for 1.105 Million ounces of gold, 74% of which is at Indicated status.
2500m of drilling around this high grade section already started, possible 6-10 holes depending how deep they drill. instances of gold in the core are visible and some sections show nuggets of Gold. We then turn the drill to the Felix area and continue the drilling there. Looking forward to these being reported in the coming weeks. Plenty to look forward to in the run up to Christmas.
Added more today and will add more as and when. GLA
Disappointing reaction to what I think was a good RNS. Drill bit turning and possible fast track,
MRE November, PEA January. The gold we have will keep growing and we still get no recognition for our battery metals. All this will have to change soon.
The interview is taking place tomorrow I think so I’m expecting a 7am RNS Tomorrow or Friday depending when it’s being released. You can’t do an interview unless you have something new to talk about.
I’m not going to try to guess exactly what the RNS will be about but it could be anything from Drilling started, JV, MRE, MRE and PEA., or something else…Take your pick. Too early for an offer yet IMO looking forward to tomorrow.
BHP improve the Noront offer
https://www.globenewswire.com/news-release/2021/10/20/2316962/0/en/BHP-increases-all-cash-offer-for-Noront-to-C-0-75-per-share.html
Morning all and great find Fuelofthefuture, bill did say in one of the videos that Noront was being looked at and our B4-7 project was at a more advanced stage than the Noront project.
I’ve been here before, seen it and got the tee shirt, it’s just a matter of time before some one comes in with an offer that will start a possible bidding war. Imo we will be sold to the highest bidder. it’s such a shame the company Value hasn’t grown in tune with the value that it’s assets have and it’s not surprising that the market has got this so wrong because that’s what the market does these days imo, some that have nothing get a good value and some that have plenty get no value at all you just can’t make this up. Keep up the great work Landore I would opt for a full takeover because that would be the quick way to realise value here that the market will probably never ever show.
GLA. Have a great day.
Noront Resources Ltd., a company with numerous metals deposits in Ontario’s northern Ring of Fire region, announced on Monday that its board of directors has thrown its support behind a sweetened offer from Wyloo Metals Pty Ltd. of Australia – and that puts the ball back in the court of mining goliath BHP Group Ltd.
Wyloo is now willing to pay $0.70 in cash per share for Noront, which puts a value of $324 million on the company. That’s more than the $0.55 that BHP offered – and Noront accepted –in July.
It was Wyloo that kicked off the fight for Noront, when it offered $0.315 per share for Noront in May. That valued Noront at just $133 million.
Noront’s deposits in the Ring of Fire include copper, nickel, platinum, palladium and chromite. Road access to the area remains a key obstacle to development, however.
Wyloo has been a major shareholder of Noront since early December of 2020 and now owns 37.25 percent of Noront shares.
BHP has the right to match the newest Wyloo offer. It has five days to do so, and no break fee is payable to Wyloo if BHP opts to pay as much for Noront as Wyloo has offered. However, if BHP does not come back to the table with a new offer, Noront said in a release Monday that Wyloo will provide it with a loan of up to $23 million to cover the $13-million break fee that would be owed to BHP, as well as other costs.
NTM Thank you.
https://twitter.com/stocktrader1_0/status/1450006091992113152?s=21
The BAM Gold deposit, discovered in December 2015, is located approximately 2 kilometres to the east of the B4-7 deposit and 1 kilometre north of the VW deposit. The BAM Deposit is situated midway along a 2.7 kilometre long, east-southeast to west-northwest trending MaxMin geophysical anomaly (MM-7) located along a highly prospective Archean greenstone belt which traverses the Junior Lake Property from east to west for approximately 31 kilometres. The favourable greenstone belt ranges from 0.5 to 1.5 kilometres wide and hosts multiple known gold occurrences including the Lamaune Gold Prospect.
The recently updated Mineral Resource Estimate (MRE) released in January 2019 has significantly increased the BAM Gold resource to 28,826,000 tonnes (t) at 1.03 grams/tonne (g/t) for 951,000 ounces of gold including 20,198,000t at 1.08g/t for 701,000 ounces gold in the Indicated Category. In addition, the estimation work has also modelled potential mineralised material in target areas adjacent to the current delineated deposits for a possible 14,761,000t at 0.93g/t ounces gold for a further 441,000 ounces gold, in the ‘Unclassified’ material category. The BAM Gold deposit remains open to the east and west as well as at depth.
2020-2021 Drilling Programme:
This drilling below has got to be included yet plus all the unclassified gold to be added in, as bill said all the gold comes out no cut off now with gold at theses prices.
The Drilling Programme, consisting of a total of 23,000 metres of HQ diamond core drilling, commenced on October 15th, 2020 and was designed to further infill and extend the defined BAM Gold Deposit resource of 1,015,000 ounces. To date a total of 21,933 metres of HQ diamond core drilling, comprising 94 drill holes, (0420-725 to 0421-818) has been completed.
So work it out with this included. The MRE is just around the corner so not long to wait for the official figures.
Here’s the full article. FYI
https://www.alignresearch.co.uk/landore-resources/landore-resources-big-news-from-2020-soil-sampling-program/
Also some you tube videos for new investors below.
https://youtube.com/playlist?list=PLnk_WM-WosgVBzALpp8cEf0qdkIxwhabK
A standing joke was that they were going to call the project “The Periodic Table” as it has a mix of lithium, gold, silver, nickel, copper, cobalt, platinum and palladium. As far as the gold is concerned Landore is blessed with multi-million ounces of gold along a 30km + strike length. Truth is that the Junior Lake Property has one of the best addresses for gold mining in the world. A 1.015Moz resource has been delineated from just 6km of this highly prospective greenstone belt that extends across Landore’s acreage. A Pit Optimisation Review last year determined a NPV(5) US$370 million at US$1,900 gold for a 9 year LOM. A renewable 21-year mining lease is already in place.
This stock really deserves to capture investor’s attention as management is seeking to mastermind a possible full-priced exit. After messing around raising dribs and drabs of funding, last year the company raised a decent amount to really do the project justice. This well-funded infill/expansion drill programme, coupled with the arrival of eminent gold investor Eric Sprott as an almost 10% shareholder, looks set to re-invigorate Landore. On the cards is a big increase in the resource base plus further evidence of good continuity along the 31km trend and extension at depth. The feeling is that the gold deposits could lie along this strike length like a string of pearls. This is just what the major players are looking for.
In companies of this sort, management is probably as important as the project. Landore’s management team are proven mine finders who have discovered 7Moz of gold. Bill Humphries was MD at Brancote Holdings (1999 – 2002), a gold explorer with the same business model, which went from 14p to be taken over at 200p plus. It has got to be said that Bill knows how to get top dollar from bidders.
Have a read of this article below This is what could happen here. A full takeover and buy out of the company it was spoken about in the latest Landore videos.
The link below is about Mariana resources that company is now history it got took out for £167m plus extras.
That asset was in Turkey which isn’t the best jurisdiction to do business in and suffered a discount because of it. Also they only had a 30% share of the hot maden project and not a lot else in its basket.
Landore is in a much better jurisdiction, it has much more Gold soon to be proved up, battery metals and a proven team behind it plus many other assets in its basket.
Worth a read below. Have a good day all.
https://www.proactiveinvestors.co.uk/companies/news/176898/mariana-resources-agrees-to-be-taken-over-in-a-deal-that-values-gold-digger-at-167mln-shares-surge-47-176898.html