Member Info for Slap123

It belongs to Wombat. A holding company inside eclectic who are held by MKS capital whom I think are held my MKS Pamp

DR is correct.

The clarity on 2nd February, repeated the deed rights.

Any crossover between E hill and Munni Munni is clear now.

Remembering that these are some of the reasons these two have sat unmonetised. (Legal disputes)

On 9th February a new registered address for Wombat, the tailing holder ,into friendlier jurisdictional regulations inside Australia, occured.

This is all Legal housekeeping.

Preventing any objections to tailings and keeping it all one state indicate to me , that discussions are advanced.

Not enough excitement for the masses.

They're off pretending the £2m mcap crazygold plc Namibia/ Congo, 25 years from production and a fairytale buyout II story is the big thing. RInsing suckers in spread betting game with fairytales.

Cost of processing the tailings is on GRE. Don't know all or where tax etc fits into that concept. Seems wooly.

Benefits are wholesome.

1) Free cash flow for wce

2) Proof of production

3 Explorer / developer to producer

4) Interrelated deals, a tailing project could supply you working networks.

If they can process tailings from the 2000, tailings that have already been processed as tailings in part, then make 90%return on opex with £3m capex at 90% silver recovery rate.

It's a big injection of confidence.

Eugene Sharrok West coast Silver.

On 2 February 2026, a "restated joint venture arrangement and mineral rights deed" was executed.

This deed specifically separated the silver rights at Elizabeth Hill from the nearby Munni Munni project (which was JV to GreenTech Metals).

"The Excision Clause: The deed explicitly states: "Pursuant to the terms of the Transaction, GreenTech will not acquire an interest in the silver rights over the Tenements" Plural.

his was two fold repeat clarification . Green tech have no rights to silver ,no interrelations to tailings, if purchased. No rights to Silver

This legal ring-fencing was the prerequisite for the 9 February address change of Wombat. It cleared the title so that Eugene Sharrock and co could proceed to make deals with wombat , without legal problems

House cleaning.

Eugene Sharrocks specialist in tailings, composite pricing and transport experience at Carey.

Sums are astronomical for sore that's already crushed

Legend

1999, 10000 t of tailings at 51% recovery

2000 16591 t of railing from 60% recovery

I don't understand or can't see the tailings dam and what mks may have processed at what recovery rate

That is due for reprocessing? Can't find anything else on that.

"WCE will operate and solely fund all JV expenditure through to a decision to mine... Alien will retain a 30% free-carried interest."

This confirms that "all expenditure" includes the evaluation and processing of the tailings inventory"

But also 30% at Gross not met.

Not quite max.Some of that is recovered by MKS

Here is the approved application for the tailings

I'm sure some modern standards and due diligence are need to proceed in 2026.

Formal communications between Western Australia and Wombat via Clive Carrol.

https://geodocs.dmirs.wa.gov.au/Web/documentlist/9/EARS_regi_id/18111

Interesting to note, 2 months to set up modular plant. 13 people are referred directly to MKS capital and Clive

Owner of the tailings definatly wombat, held in Eclectic, held by MKs capital parent company MKS PAMP

www.mkspampgroup.com/

Legend Mining directly from the 2001 annual report

"A Notice of Intent applying for approval to treat the tailings by agglomeration and heap leach was prepared and

lodged with the Department of Minerals and Energy in December 2000 and approved in March 2001. An

independent bankable feasibility study dated 10th January 2001 shows that a Probable Ore Reserve of 27,086

dry tonnes of tailings containing 1,113,900 ounces of silver"

WOMBAT RESOURCES PTY LIMITED tailings deed holders relocated their Business address from Sydney to Western Australia state rules just yesterday.

They were very dormantly in NSW under their state regs.

Under Western Australian law a standalone sale of these tailings can attract zero dollars in stamp duty.

In Sydney the rules are much stricter because those tailings have been sitting there for years.

New South Wales law often views old tailings as a permanent part of the land itself.

Selling them from a Sydney legal base triggers a tax bill of 5.5 percent

#they moved the registered address for a good reason.

WOMBAT RESOURCES PTY LIMITED tailings deed holders relocated their Business address from Sydney to

Thanks also Monty

You've no doubt got all this before on the forum

Thanks for the corrections on tailings BTW. Appreciate that very much.

So the Tailings journey is this?

Legend and East Coast Mining

MKS for $3.1m

To Eclectic to Wombat

(A place of reduced responsibility)

Is Clive Carrol aged 76 linked to MKS Electric and Wombat

To MKS Aussie

To MKS Pampas

Clive specialised in tailings and there is at least one deal findable on the internet associated with him from production to finance.

BCD Resources & Tailings: As Chairman, Clive Carroll .

"Mr. Clive S Carroll BAgEc

Non-Executive Chairman (aged 62)

Mr. Carroll has more than thirty five years experience in banking, finance, commodities marketing and the mining industry. He is

presently Executive Chairman of MKS Capital Pty Ltd, a Sydney based investment bank involved in the trading and financing of

precious metals, commodities, foreign exchange and equity derivatives and non-ferrous metals. He is a current and past director

of both Australian public and private companies, including Grainco Queensland Co-Operative Association Limited (independent

director), Tennant Limited (Executive Chairman) and Imdex Limited (Director and Chairman)'

*******In other news********

Wombat moved their business address

WA 6152 09 Feb 2026 (current)

NSW 2000 08 Aug 2017 09 Feb 2026

https://abr.business.gov.au/AbnHistory/View?id=88126633994

I suppose there are lots of benefits if a business address is in the same state as the asset

Brucie Bonus

"The results show that there remains significant silver in the tailings, even if they were reprocessed from the original mine processing days, as well as some acceptable credits for copper, nickel, and zinc.

The sample results included a high of 1,270 g/t Ag (38 Oz/t) and a low of 60.6 g/t Ag (which at just under 2 Oz/t silver is still a significant grade).

Only 6 samples from the 84 analysed returned below 100 g/t Ag which is also significant.

Upto February visit was part of a technical review to consolidate recent drilling data, historical info, and geological interpretations to refine "development pathways"

That screens early movements on production

That included tailings which is 16,000 tonnes of material with an average grade of 472 g/t silver.

Quickest option modular onsite processing to get the crap out.

2021 RNS was quite enthusiastic.

Highlights

· Excellent initial recovery results from metallurgical testing

· Maximum of 95.2% silver recovery, with an average recovery of 91.9 % silver from 6 samples

· Head grade comparison highly repeatable

· Recent sampling of the tailings undertaken by Alien and announced on 10 March 2021 returned very encouraging results:

o 84 samples were taken from 21 locations, with silver grades up to 1,270 g/t (38 oz/t)

o The samples returned an average grade of 472 g/t Ag (13.3 oz/t Ag)

Aircore and the DHEM at Munni Munni.

A Nova Sirius style resources does not come easy , but that led to billion sell out and 80 bags for Sirius resources.

What every Aussie miner dreams of.

IMO production is possible in 2026 but probably not by the parties involved. Need more cash to fast track.

Every step closer to the that adds value.

Explorer to miner isn't a well trodden path, I would bet my last dollar on a sale.

How Aussies Govt behave with their resources will be informative.

Perhaps some changes in the area or fast track environmentals, it's in their interest to compete globally.

Yep should open up, with silver popping above $80 again too

Whatever. The point is there. Grow up.

This board is awful

From both sides of the argument

If you think defending one side of an argument and endlessly posting your views on LSE forum chat, amongst PIs is anything but middle aged cricket jerking you're idiots

Lots of very self important truth speakers , with irrelevant opini

Gosh, I apologize for my typing errors

I really shouldn't use a phone to type on here, surrounded by advertsling with my poor eyesight.