Member Info for Shorn

SeisNav, Aprogerson, fulmar29, et al,
Thanks for the positive posting and a perspective on things that really matter.
Those other idiots are wasting their time, and frankly i wonder in what way they think they can influence the legal process, or sway the conviction of the LTH's...
ATB Shorn

Thanks news good research.

SeisNav
Audited accounts Vs Twitter - i know where i sit ;-)

NorthernShark
Thanks for your valuable insight - appreciated.
ATB Shorn

jesus...
"vox markets" without the gap

replace **** with **********

stevemocal,
Yes sorry it was the end, at 20.20mins CB et al show the implications on pit size increase next to the area in todays RNS...
https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-xtract-resources-bushrange-conceptual-open-pit-study-webinar-7d8cb15/
The pit is superimposed next to this SW area...

Does this mean the existing pit actually extends and includes the area they are drilling see the presentation at 31.56 - if so these results are very important (in theory could push the length of the pit to over 3KM !!)...
https://www.vox markets.co.uk/articles/trader-s-cafe-with-zak-mir-xtract-resources-bushrange-conceptual-open-pit-study-webinar-7d8cb15/
(take out the space between vox markets)
IMO ATB Shorn

Brilliant !!
MikieS - let's have one of your emails !!
I like this...
"Revenue and earnings growth was achieved during a period of substantial
infrastructure investment, integration and planned operational downtime and has provided a tremendous platform for further future growth"
ATB Shorn

Colin Bird, Executive Chairman said: "These results continue to expand the Racecourse deposit, indicating continuity both in thickness and along strike towards the south. In general the drilling programme is confirming the outline of the conceptual pit and demonstrates continuity beyond the pit limits. The deposit appears to be closing off at the northwest end, while the southeastern end demonstrates further extensions in strike and deposit thickness. We suspect that the southeastern extension is veering more towards the south-southwest and we will test out this assumption with subsequent holes."

RichieH9
"Me too"
I continually asked her, him, BOT, for something anything positive to get a sense of balance, and nothing ever came forth.
There are far better informed and read posters here that balance their responses in an appropriate manner.
Here for the long term JV / sale - GLA
Shorn

kullybahia
Can't see why folks don't filter her, him, it - i did a couple of months ago ensuring i don't encourage the rubbish...
My decision to filter was simply based on one simple question repeated several times - what have you got to say that's in anyway positive about ARCM and nothing came..
At the time someone said filtering when it's an open forum makes for a biased view.
My view - move on and filter, less audience and less pointless "noise"...
Probably poked the bear and expect some green boxes to follow lol ;-)
ATB Shorn

Wacky1
Could be that the board are reading these posts and the growing frustration - worth remembering this potential...

Interesting article from a Chinese perspective from China Molybdenum chairman: Li Chaochun...
https://www.mining.com/web/china-moly-says-green-push-to-unleash-extraordinary-metal-demand/
Very last sentence...
The company is also tracking opportunities for global metal resources....
If my memory serves me right China Molybdenum have a major stake in Nothparkes and Bushranger is just down the road.
ATB Shorn

NorthernShark
Totally agree Cyprus JV potential is not to be sniffed at - notwithstanding the potential copper - but it shows that Jubes technology and know how is truly transferable in an environment of growing ESG requirements around the world.
It shows a potential future MA of Jubes by a Major? that they could take the technology anywhere.
Defo not to be sniffed at !!
IMO ATB Shorn

Interesting, with a market cap c£75k, and SP 19P

This is a longer term project and only when Jubilee has a clear insight into the scale & value of the dumps and that a JV is struck will an RNS be announced in my opinion. Jubes has far bigger announcements in the near term coming IMO.
Moreover, it's good to see Jubes exploring other jurisdictions outside of Africa...
ATB Shorn

Option Agreement Rationale

· This Option Agreement extension enables Caerus and Jubilee to expand the previously agreed Work Programme to investigate and assess the multiple waste stockpiles bearing residual copper and gold from the 16 mines that operated historically on Caerus' concessions and, sulphide resources occurring either as residual ore left by previous operators or newly discovered mineralisation where Caerus is currently undertaking exploration and resource drilling and conversion to Mineral Resources.

· The targeted wastes were discarded in an era when metal market dynamics were very different from today, and there was no incentive to optimise recoveries from ore feeds, nor any commercial or environmental benefits from doing so. The dramatically changed commodity price environment for copper in today's world is driven mainly by the global decarbonisation of the transport and energy sectors. This creates an opportunity for Caerus to form a working relationship with Jubilee and utilise their skills and experience in materials reprocessing. These will form the foundation of the Work Programme under the Agreement that will be delivered jointly with Caerus personnel.

· The ultimate objective is to identify and define projects within the Caerus portfolio that can be 'scaled-up' and prioritised into one or more Joint Ventures targeting profitable production using modern designs and waste processing technologies guided and financed by Jubilee.

Highlights
· Jubilee and Caerus have agreed to extend the agreement for a further period of 18 months within which window a positive Joint Venture decision is anticipated.

· With the recent acquisition by Caerus of highly prospective new licences and assets, the Parties recognise that the scale of the opportunity has increased significantly

· Good progress has been achieved during the initial Option period and the companies have jointly identified dumps and properties that warrant further detailed investigation with a view to forming a Joint Venture for development

· The main focus remains the Troulli - Kokkinapetra Project where both Parties are working towards a possible joint venture early in 2022

· Work programmes and in-country design and engineering support are expected to increase as Jubilee advances test work towards finalising a processing plant for production purposes

Summary of the Terms of the Option Agreement ("Option" or "Agreement")

· The 18-month extension is effective immediately

· All operational costs to be met by Jubilee with no material cost to Caerus

· 18-month extension providing both the required time for detailed test work for the Troulli Project in parallel with assessment and both mineralogical and metallurgical test work of all other prospective projects within the Caerus portfolio of licences

· Jubilee has the exclusive option to elect to convert one or more projects to a Joint Venture under terms to be agreed and at any time within the extended Option period

· If a Joint Venture is agreed, Jubilee will design, finance and execute construction of any processing plant and become its operator

· Any Joint Venture will operate on a profit-sharing basis after recovery by Jubilee of its initial capital expenditure and other "up-front" costs

Caerus Mineral Resources (LON: CMRS), the exploration and resource development company focused on developing mineral resources in Europe to support the global "Clean Energy" initiative, is pleased to inform shareholders of the signing of a Joint Venture Agreement (the "Agreement") with AIM-listed Bezant Resources PLC (AIM: BZT) (" Bezant").

Highlights

· The Joint Venture ("JV") covers the Troulli, Kokkinapetra and Anglisides licences, held by Caerus in Cyprus ("JV Properties")

· The JV begins with immediate effect, with Bezant's financial contribution backdated from the commencement of diamond drilling at Troulli on 16 September 2021

· The Parties have committed an initial sum of USD1.0 million towards resource development and to take the Project to feasibility

· Caerus will manage the exploration and resource development phase of the programme, with Bezant will be responsible for;

o Project feasibility studies and mine development; and

o Arranging funding and guarantees required by third party funders for plant and infrastructure funding to commence mining

· Once in production, Caerus will, as a priority, be refunded for all direct exploration expenditure committed to getting the projects to the feasibility stage and will receive 20% free-carried interest over the life of mine.

JV with Jubilee will follow - for sure (IMO)