Member Info for schlemiel

Great minds think alike, mind, yours, meagre mind, mine

O'Kane is BHP's man on SOLG's board...a proxy appointment if ever there was one

''The Board of SolGold is completely cognisant that exploration and discovery will always remain the core key value driver for the Company.''

exploration and discovery as value drivers NOT production..says it all.

Explore, discover, prove up and sell to the highest bidder that releases VALUE

I wonder if this is a newly incorporated limited company (BEPHC)? Who are the directors? What's their intentions? etc etc

'BHP-backed SOLG board'

'21 October 2020 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) ("Falcon")
has been informed that the Bankruptcy Estate of Petrohunter Energy
Corporation is the beneficial owner of 48,101,000 common shares of
Falcon ("Shares"), representing 4.90% of Falcon's issued and outstanding
Shares. Sweetpea Petroleum Pty Ltd. is no longer a beneficial owner of
Falcon Shares. '

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'Mr Kevin O'Kane, Independent Non-Executive Director

Mr Kevin O'Kane is based in Canada and is a mining engineer with almost 40 years' experience in the global mining industry. Kevin has worked extensively for BHP in South America and has significant executive level operation leadership skills which he gained from large scale copper mines, including almost nine years at La Escondida. He is fluent in Spanish and brings a wealth of technical, operational and HSCE leadership combined with South American knowledge to the SolGold Board.'

https://uk.advfn.com/stock-market/london/solgold-SOLG/share-news/SolGold-PLC-Appointment-of-Directors/83500051

https://uk.advfn.com/stock-market/london/falcon-oil-gas-FOG/share-news/Falcon-Oil-Gas-Ltd-Falcon-Oil-Gas-Ltd-Hold/83499879

'appeal compared a country-wide copper/gold play on offer through SolGold ownership'.

That's SOLG the company not just Alpala. Mather's recent bombardment of drilling news on other SOLG's licences is designed to make SOLG an almost irresistible target for anyone who wants to control a country-wide multiple discoveries and huge exploration upside. This is about a whole country not one discovery and BHP or anyone else with the cash can gain access to it

good find fella

'Sean Wade' at Scout

'We are delighted to announce that Scout Advisory has been appointed by SolGold plc to advise on strategic communications and investor targeting… '

Mather on red alert as BHP come sniffing

https://uk.linkedin.com/in/sean-wade-a588887?challengeId=AQF0rcmHwDVdzAAAAXVJhFKHcotZ81_dtcukNOBUk3pkwcnWwAvUUy22G8HepjL9Sewlkdvh15lNgPP8DAA7baTjiXSGPWGKIg&submissionId=14cff244-07e9-3f16-c6fe-11852d63b109

https://ceo.ca/@discoveries

Fitzgerald's pretty switched on

Just now -

@discoveries :

Barry Fitzgerald downunder in MNN:

'Or could the BHP baulk at Olympic Dam be flagging BHP might be about to get serious about wrapping the Brisbane-based and London-listed SolGold in to the fold? Again, quite possibly.

The "event" that has just passed on that score is the expiration of a two-year standstill agreement, preventing BHP from moving on SolGold, the 85% owner of the Cascabel project in northern Ecuador, and 13.6% owned by BHP.

Cascabel is home to the Alpala copper-gold discovery (9.9Mt of copper and 21.7Moz of gold) and is what SolGold will tell you is the first of many big copper-gold porphyries to be found on the underexplored Ecuadorian section of the Andes copper belt.

To that end, SolGold recently announced that the first drill hole at its 100%-owned Porvenir property had intersected 893m of visible copper mineralisation from a depth of 16m. Assays are pending but SolGold says the drill hole is a "discovery" hole, and a game changer.

Alpala was interesting enough for BHP (and Newcrest which owns 13.57% of SolGold), with a preliminary economic assessment (PEA) putting its NPV post-tax at $4.4 billion, and the internal rate of return on a 207,000tpa copper and 438,000 ounce-a-year production profile in the first 25 years at 25.9%.

But now Porvenir has been added to the story, with another dozen or so high-priority targets yet to be drilled and with scores more to follow, such is SolGold's early-mover advantage in Ecuador.

"Our project is not Cascabel. Our project is Ecuador," is how SolGold likes to put it.

SolGold's market cap has grown 50% to £777 million since Porvenir's first hole success, and speculation around what the end to BHP's standstill could mean. Despite the 50% share price jump, SolGold's market cap remains well short of the PEA figures on Alpala alone.

So, has Olympic Dam's BFX lost its appeal compared a country-wide copper/gold play on offer through SolGold ownership, minus bothersome uranium to boot? Maybe, just maybe. Under that scenario, it is a win for Ecuador, a loss for SA. '

https://ceo.ca/cgp?2c621335c512

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https://www.miningnews.net/barry-fitzgerald/opinion/1397553/suspicions-on-bhp%E2%80%99s-olympic-dam-expansion-baulk

paid for access which is a pain

The solution is to grant landowners a share of royalties, the formula effectively applied in the NT.

Yet the process of identifying the rightful owners is far from simple. In the Beetaloo Basin it falls to the Northern Land Council to figure it out.

Armies of anthropologists and cultural experts work for months, even years, on the task, at the mining company’s expense.

The process naturally leads to resentment among those who miss out, generating the grievance hardcore environmentalists from interstate are keen to exploit.

So, not for the first time, Indigenous Australians are collateral in a bigger game, starved of the benefits of modernity on the pretext of saving them.

Nick Cater is executive director of the Menzies Research Centre

END

https://www.theaustralian.com.au/commentary/gas-is-fracking-hell-to-protesters/news-story/2fb1fb147cf8d41f666b5d7149751886

The shale revolution in the US has been unstoppable. Cheap gas is rapidly replacing coal in generating electricity. Chemical manufacturing and other energy-intense industries have returned on shore, revitalising the pre-COVID-19 job market. With gas comes oil. In the past 10 years, US oil production has risen from seven million to 17 million barrels a day, 50 per cent more than Saudi Arabia.

Beetaloo, by rights, should be the green movement’s Waterloo, the moment when the progress it has been trying to halt tramples it underfoot.

The science behind fracturing is well established. A three-year study by CSIRO published early this year found fracking had no impact on air or water quality. Standard water treatment techniques reduced levels of geogenic chemicals — contaminants from geological formations — within acceptable limits and water recovered to its pre-fractured state within 40 days.

The NT government ended its moratorium on hydraulic fracturing in 2018 after a scientific study found drilling for shale gas was safe and lucrative, injecting up to $17bn in the NT economy and creating more than 500 jobs.

The benefits of a thriving gas industry for the local Indigenous population are indisputable. Mining employs a higher proportion of Indigenous workers than any other industry. The revenue that would accrue to the traditional owners is considerable. The challenge is to distribute it fairly and with regard to the negative effects of sit-down money.

Yet the complexities of land ownership remain one of the biggest barriers to extracting the wealth buried hundreds of metres underground. In the US the formula was simple, since minerals belong to the landowner.

In Australia, where royalties accrue to state governments, securing consent of landowners for a rig to be placed on their property is somewhat harder. In the early days of coal-seam gas extraction in Queensland, the conflict led to the formation of Lock-the-Gate, an unholy alliance of deep green activists and discontented farmers.

CONT

While the green movement has been obsessing about coal, throwing everything it could muster into the battle against it, the search for hydrocarbons has moved elsewhere, to the rich reserves of gas and oil trapped within tight shale formations deep in the earth.

Three innovations in the last quarter-century made the extraction of shale gas possible and profitable. The first was the use of slick water, water mixed with sand and small quantities of household chemicals to open microscopic cracks releasing hydrocarbons. The ability to drill around corners for several kilometres and the technology to transport liquid gas economically by sea turned shale gas into a lucrative commodity.

Since our nation abounds in most of nature’s gifts, it should come as no surprise it abounds in hydrocarbon-rich shale.

The Beetaloo shale was deposited one and a half billion years ago and lies in largely unbroken strata up to 2km below the surface.

Geoscience Australia calculates the quantity of gas at 250 trillion cubic feet, more than 30 times the gas extracted from Bass Strait and 15 times the capacity of the Browse Basin offshore and north of Broome.

Shale gas has rewritten the business model of the energy sector, and could change the business model of the NT. Darwin could be transformed from a government-funded service centre for Indigenous misery to the new Dallas, or at the very least something resembling Perth, a city where lawyers, accountants, engineers and truck drivers live comfortably on the back of mining.

CONT

Gas is fracking hell to protesters - Nick CaterKyalla 117 is the first of two new Origin Energy appraisal wells to be drilled and fracture stimulated in the Beetaloo Basin - 11:00PM October 20, 2020After failing to stop the Adani mine, the protest industry has been prospecting for fresh seams of outrage to energise donors and loosen credit cards.It is not going well. An attempt to reimpose a moratorium on gas extraction in the NT suffered a humiliating defeat with the election of a pro-gas Labor administration and an even more pro-gas opposition.Not to be deterred, the environmental carpetbaggers have begun fracking for grievances in the Indigenous community that could be used as ammunition in their campaign against Origin Energy and other companies with stakes in the hydrocarbon-rich Beetaloo Basin 600km south of Darwin.“For years Traditional Owners have been fighting Origin,” GetUp wrote to its supporters recently. “We’re asking you to make a weekly contribution to establish a Solidarity Fund to support Traditional Owners in their fight against fracking.”A more despicable example of soliciting money under false pretences is hard to imagine. The lies we have come to expect. The appropriation of the Indigenous cause to line GetUp’s own pockets, however, was a new low for the organisation, surpassing the sexist campaign of slander and intimidation against Liberal MP Nicolle Flint at the 2019 federal election. In fact, the traditional owners of this sparsely populated land have given their blessing to this and other projects. Under agreements painstakingly brokered by the Northern Land Council, they will receive a percentage of revenue.The threat to the environment is, to all intents and purposes, non-existent. Energy companies have to jump through hoops to receive environmental approval under the strict rules imposed by the NT government. Sacred sites have been identified and ruled out of bounds.GetUp’s campaign would rob the traditional owners of their royalty cheques and chances of employment while pretending to be their saviour.cont.........

'Cascabel, SolGold's Ecuadoran jewel in the crown'..I can see this bit

https://www.bnamericas.com/en/news/ecuador-mining-watch-road-blockage-mineral-exports-mining-law-reforms

https://www.linkedin.com/posts/santiago-vaca-m-sc-p-geo-a02a747b_exploring-ecuador-stay-tuned-for-news-update-activity-6724064973309509632-7fXe