Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If you are right Happyplan below?Just for clarity this is the outstanding warrants position after today's RNS.
32,201,707 @ 2.2p
25,055,557@3p
23,444,444@3.25p
18,888,889@7p
Grand total of warrants outstanding 99,590,597
That means below.
13,000,000
7,650,00
7,500,00
7,000,00
TotalĀ£ 35,450,000
They will not need any finance they can pay for the mine themselves every share under 7p will get flipped, someone said they are doing a good job they excel at issuing paper.
01 October 2021
To view the announcement with the illustrative images please use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/5493N_1-2021-9-30.pdf
Empire Metals Limited / AIM: EEE / Sector: Natural Resources
1 October 2021
Empire Metals Limited ('Empire' or the 'Company')
Soil Sampling Results for the Central Menzies Gold Project
Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce the results of the recently completed soil sampling programme at the Central Menzies Gold Project in Western Australia ('Central Menzies' or the 'Project').
Highlights:
-- Encouraging results from soil sampling programme conducted on the areas of the greatest prospectivity based on the location of historical workings as well as areas of limited previous drilling.
-- 2,379m of Reverse Circulation ("RC") drilling completed, focusing on the most promising two of the previously identified mineralised trends, respectively known as Teglio and Nugget Patch. These targets were chosen based on elevated gold concentration within the licence area and the potential to generate significant strike and lateral extension from old workings.
-- The main gold anomalism identified from the soil sampling programme coincides with the Teglio trend which has demonstrated a total strike length of 1.8km as is open 800m to the north-west from the recently drilled RC programme, and for another 300m to the south-east
-- The results of the soil sampling programme have helped identify several drilling targets which will be further evaluated and prioritised once the results of the initial RC drilling programme are returned.
Shaun Bunn, Managing Director, said: "The results from the soil sampling programme have been most encouraging, validating the decision to fast track an RC drilling campaign which targeted two previously identified mineralised corridors, known as the Teglio and Nugget Patch prospects. Not only do the soil sampling results confirm the prospectivity of the areas initially chosen to drill, they also indicate the potential to extend these targets along strike, both to the north and south of the current drilling footprint. In total, we have identified a mineralised corridor that extends for over 1.8km along strike, which clearly warrants further drilling.
"The soil sampling has also picked up anomalous gold-in-soil in a number of areas where the regolith cover is shallower. These areas add to the already impressive list of drill ready targets within the licence area. With the initial RC drilling campaign now completed we expect assay results to be available in October and, based on these, a decision on when and where to drill next can be made. I look forward to updating shareholders when drill results become available."
The Central Menzies Gold Project
In May 2021 Empire entered into an option agreement to acquire a 75% interest in the Central Menzies Gold Project
RNS Number : 6232N
Armadale Capital PLC
01 October 2021
Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company
1 October 2021
Armadale Capital Plc
('Armadale' or 'the Company')
Issue of equity under block admission arrangements
Armadale Capital plc, the AIM quoted investment group focused on natural resource projects in Africa, announces that, during September 2021, it has received exercise notices for a total of 4,122,222 warrants to subscribe for ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares"), at exercise prices of 2.2 pence (1,900,000 warrants), 3 pence (1,222,222 warrants) and 3.25 pence (1,000,000 warrants) per Ordinary Share, raising a total of GBP110,967. Accordingly, pursuant to the block admission arrangements announced on 18 June 2020 and 28 June 2021, it has issued 4,122,222 Ordinary Shares which rank pari passu with the Company's existing Ordinary Shares.
Following the issue of these new Ordinary Shares, the Company's total issued share capital consists of 535,881,633 Ordinary Shares with no shares held in Treasury. This figure may be used as the denominator for the calculations by which shareholders can determine if they are required to notify their interest in, or a change to their interest in, the Company.
Than Lithium not ACP worth a listen.
https://www.youtube.com/watch?v=sQ3-NR4tBUA
Than Lithium not ACP worth a listen.
https://www.youtube.com/watch?v=sQ3-NR4tBUA
than Lithium not ACP worth a listen.
https://www.youtube.com/watch?v=sQ3-NR4tBUA
Nick Johansen, Director of Armadale, said: "The first half of 2021 has seen Armadale focus on project permitting which has seen the Company subsequent to the end of the half year progress to being a fully permitted development company. The mining permit is the culmination of a long project of advancement for the Company, which has progressed from the discovery of the deposit through to feasibility study and now is development ready. The Company is now well placed to proceed towards financing and development in an environment where there is increasing demand for graphite and we look forward to updating investors with regards to how our activities progress on this workstream as well as offtakes and additional development activities since the end of the 2021 half-year period"
Highlights:
-- The focus of the Company throughout the interim reporting period was to obtain all required permits to commence development of the high-grade long life Mahenge Liandu Graphite project.
o Subsequent to the end of the half year the mining licence was granted for an initial 10-year term which can be extended marking a significant milestone for the Company.
o The mining licence, should it be extended would cover the initial 15 year mine life utilising only 25% of the estimated Resource.
-- Progressing licencing applications ahead in preparation for development of Mahenge Liandu
o Mining licence application process commenced in June 2020 with the submission of the mining licence application to the Department of Energy and Minerals.
o The Environmental and Social Impact Assessment ('ESIA') to the National Environment Management Council ('NEMC') of Tanzania was granted in March 2021.
o A mining licence covering the Project was granted in September 2021 (post-period end).
-- Natural Flake Graphite Testing Confirms Suitability For Use In Lithium-Ion Battery Anodes
o Positive confirmation received in June 2020 from Australia's Commonwealth Scientific and Industrial Research Organisation that Armadale's natural flake graphite is suitable for use in lithium-ion batteries.
-- 1st phase of Front-End Engineering Design Studies undertaken by Chinese EPCM Xinhai Mineral EPC completed
o Positive results received confirming a premium quality high purity graphite concentrate, also suitable for the battery anode market and can be produced from Mahenge using conventional plant as outlined in the Company's existing Definitive Feasibility Study.
o Included metallurgical bulk test work programme which further confirmed the efficacy of the Company's intended process flow sheet and helped ratify project economics.
During the period Armadale further established Mahenge as a large, long life graphite developer with significant commercial potential capable of producing high quality graphite concentrate for the rapidly emerging EV market and as previously advised, strategic next steps are focused upon the completion of development funding options specifically a debt package for the project, the Company is also currently in discussions with a number of potential finance partners; we are hoping to be able to announce some further progress with regards to these efforts and also with our offtake discussions in the near term through optimised Definitive Feasibility Study ('DFS').
Key metrics for Armadale's Mahenge Graphite project:
o High-grade JORC compliant Indicated and inferred mineral resource estimate of 59.48Mt @ 9.8% TGC with outstanding purity of up to of 99.99% TGC achievable using conventional treatment
o Potential for US$985m pre-tax cashflow to be generated from initial 15 year mine life utilising just 25% of the resource, which remains open in multiple directions offering significant further upsi
Every time the share gets a bit of traction the seller comes on there has been 2@375,469 1@500,00 2@250,000 that is over 1.7m, if its Kabunga I thought he only had 40 million as he has been flipping these since last OCT nearly a year, it is to be hoped ACP do not sell him anymore this would have been well North of here without him.
I remember the brickettes and I do not mean a pop group, it is like being on a roller coaster in this share up in the morning down at mid day up in the afternoon or visa versa.
Quotes Its only been 18 days since the mining license was granted.
A bit of patience is required.
Only 18 days, the BOD have had 14 months since applying for licence to get there ducks in a row off takes, finance, PR, i think 18 days is long time to sign on the dotted line or do some PR.
A bit of patience, is required. I have been in this share over 8 years are you suggesting I do another 8 years, if they do not do something quick the share price will be back where it was before the M/L also it is in the BODs interest to get the share price up if they have do a placing for the mine.
Someone is collecting from weak sellers 850,000 BUY.
nviroCopper Ltd ("EnviroCopper") (in which Thor holds a 30% equity interest), in collaboration with MinEx CRC, is undertaking an innovative Coiled Tube ("CT") drilling program at Kapunda. MinEx CRC is the world's largest mineral exploration collaboration, bringing together mining industry (including drilling companies), government and research organisations. The drilling is designed to trial technological advancements using a safer, environmentally friendly mining technology with a low footprint.
Drilling is targeting copper-gold mineralisation approximately 30m from the planned in-situ recovery ("ISR") push/pull test site to the south of Kapunda township. A geophysics IP anomaly was also identified in this area by Copper Range Ltd in 2008. The drilling program is anticipated to take approximately 4 weeks.
A photo of the coiled tube rig may be viewed via the following link:
http://www.thormining.com/sites/thormining/media/maps/ct-drill-rig.jpg
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"It's great to see mineral exploration collaborations between industry, government and research organisations, such as this Coiled Tubed ("CT") drilling program between EnviroCopper and MinEx CRC. Based on geology and access, Kapunda is an ideal location to be trialling the next generation of CT drilling, whilst collecting geological information on the copper-gold mineralisation, which is valuable for the further development of the Kapunda Copper ISR Project."
A copy of the Project Location Plan may be viewed via the following link:
http://www.thormining.com/sites/thormining/media/maps/17-007-1b-kapunda-alford-location.jpg
About Kapunda and EnviroCopper
The Kapunda ISR Copper Project is located approximately 90 kilometres north north-east of Adelaide in South Australia (Figure 1).
Thor holds a 30% interest in EnviroCopper, which in turn holds rights to earn up to a 75% interest in the mineral rights over metals which may be recovered via ISR contained in the Kapunda deposit from Australian listed company, Terramin Australia Limited ("Terramin" ASX:TZN). (ASX:THR Announcement 11 November 2020).
For detail of the ISR process, investors are invited to view the EnviroCopper website: https://www.envirocopper.com.au/
EnviroCopper-MinEX CRC Collaboration
EnviroCopper is an affiliate of the $10M MinEx CRC program and currently has the CT drilling rig on site at Kapunda. The drill program will supply geological information to EnviroCopper whilst testing various aspects of the rig and the solid handling system.
Copper Range Ltd in November 2008, drilled two reverse circulation ("RC") drill holes (SK001 and SK002) into an IP anomaly, with SK002 intersecting 22m @ 0.6% Cu (4-26m) including 4m @ 2.4% (4-8m) (Open File Envelope ENV11691). The CT rig aims to validate this mineralisation, in addition to gaining geological information on the copper mineral species.
Table A: Historic Drill Collar Summary, Cooppe
I think it is Kabunga selling there were three sales @09.07.10 250,000@6.10 each and then the 1,098,282 total 1,099,032 hope he has not got a printing press and counterfeiting these like in the film( catch me if you can).
Local Geology
Drilling by the Company at Eclipse has confirmed that gold mineralisation is associated with a NW-striking and steeply SW-dipping shear zone ("Eclipse Shear") with significant gold mineralisation known to extend over a strike length of more than 200 metres. Mineralisation may connect to the Jack's Dream area further to the NW giving a total known strike length of the Eclipse system of some 500 metres. High grade mineralisation has also been intersected at Twin Shaft about 120m south of the Eclipse shear. It is not yet clear if the known mineralisation in the Eclipse area is part of a linked shear system, or separate sub-parallel shear zones.
Diamond drillhole ECDD21_003 intersected the Eclipse Shear in fresh rock which confirmed the presence and orientation of the structure. High-grade gold up to 15g/t was associated with thin foliation-parallel quartz veins and a possible laminated quartz structure, and strong silica-sericite-pyrite-arsenopyrite in the immediate wallrock. This was the first instance of arsenopyrite recognised at Eclipse and it may prove to be useful future indicator of gold mineralisation. Surrounding the high-grade core of the Eclipse Shear, the shear comprised chlorite-carbonate-pyrite alteration, and was weakly gold mineralised being typically <1g/t. Within the fresh rock, short strike length (<50 metres) high-grade shoots are present and appear to extend below the currently drilled area.
Strong weathering extends to 30-50 metres depth below surface and the shallow RC drilling demonstrates that gold is extensively leached within the weathered zone. Locally high gold grades (and some surface old workings) within the weathered zone may reflect gold encapsulated within quartz veining, although it appears that the bulk of the gold associated with altered wallrock has been removed or remobilised.
The stratigraphy hosting Eclipse is poorly exposed within the project but is known from 1:100,000 scale government geological mapping and from logging of RC and diamond drilling at Eclipse. The geology is dominated by felsic to intermediate volcanics and volcanoclastic sediments intercalated with fine grained siltstone and mudstone. Geology within the project appears to strike NNW and is cut obliquely by the NW-trending Eclipse Shear zone. Stratigraphy may exert some control on the localisation of high-grade gold within the Eclipse Shear.
Future Exploration Focus
Further exploration is required to understand the full extent of the gold mineralised system at Eclipse. This includes:
-- Detailed analysis of available structural data from televiewer surveys and diamond drillcore;
-- Detailed surface geochemistry on NE-SW oriented lines to define gold-arsenic anomalies on the projected position of the Eclipse Shear and on any as yet unrecognised parallel structures;
-- Additional drilling to target extensions of the Eclipse Shear in fresh rock below the gold-depleted weathered zone;
-- Dee
Empire Metals Limited ('Empire' or the 'Company')
Technical update for the Eclipse Gold Project
Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce the outcome of a recent technical review of the geology of the Eclipse Gold Project ('Eclipse' or the 'Project') located within the Eastern Goldfields of Western Australia.
Overview:
-- The Company recently announced the appointment of additional key geoscientists to bolster its exploration team and to bring local technical expertise together to review the results of the drilling programmes recently completed at Eclipse.
-- A strategic technical review has commenced focusing on the structural controls on known gold mineralisation and an appropriate exploration programme to unlock the full potential of the Project most efficiently.
-- Drilling to date has confirmed that gold mineralisation is associated with a NW-striking and steeply SW-dipping shear zone ( "Eclipse shear" ) with significant gold mineralisation known to extend over a strike length of more than 200 metres.
-- It is now evident that the mineralised system at Eclipse is much larger than originally thought. Mineralisation at Eclipse Shaft may connect to the Jack's Dream area further to the NW, giving a total known strike length of the Eclipse system of some 500m, and the presence of multiple parallel mineralised structures has also been proven.
-- Results from the drilling also indicate that gold mineralisation likely continues to greater depths, and this merits further drilling to test the strike and depth extensions of multiple gold structures at Eclipse.
Shaun Bunn, Managing Director, said: "In considering how best to approach the next phase of exploration at the Eclipse Gold Project it has become apparent that we need to determine what controls the gold mineralisation and in doing so where the high-grade mineralisation might persist. Whilst our initial focus was on a near-surface, laterite-hosted deposit we now believe the high-grade targets will most likely be found slightly deeper at the fresh rock interface, both down dip and along strike of the current workings. We are also focusing on the wider potential that is offered by combinations of the Eclipse lode with the Jack's Dream extension and the recently discovered Twin Shaft lode to see if a larger mineralised inventory can be established prior to commencing further mine optimisation studies. "
Location and Regional Geology
The Eclipse Gold Project is comprised of a single mining licence (M27/153). The licence is located approximately 55km NNE of Kalgoorlie. The nearest gold processing plant is at Kanowna Belle, 35km to the south. The licence is accessed by the Yarri Road. This road is sealed to the turn off to Kanowna Belle. While it has not been gazetted, it is a well-used road generally in good condition.
Eclipse is situated within the Kurnalpi Terrane, close to the boundary of the prolif
Talk about MM games buy 1.5 million @15.53 @6.15 recorded after 5 p.m.
Juxtapostion I concur with your 12.06 post also 0.2p pre consolidation were dark days indeed.
Pumpky Do you remember Audi he used to pull your leg about the Van.
Wasarunner- I see your side of this my side is I have been in here 8 years which is the other side of of the coin before the gold mine debacle, POW have offered THR 48 million shares for pilot mountain resource they have set conditions for selling the shares over period which should happened here.
You need sellers for buyers what you do not need is a clown with millions selling in to the rise since Sept 20 for a year he has held this share price down , Aug, Sept last year posters on here where saying how good this clown was he was going to push the ML threw he was best thing since sliced bread and the clown was then selling the posters got that wrong, ACP should never have sold them to him.
Posters asking why is M/C lower than its peers I would say it is the above, ACP should have offered the Pi the shares who have been here YEARS not 5 mins.