Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
09 September 2021
To view the announcement with the illustrative images please use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/1603L_1-2021-9-8.pdf
Empire Metals Limited / AIM: EEE / Sector: Natural Resources
9 September 2021
Empire Metals Limited ('Empire' or the 'Company')
Drilling Commences at the Central Menzies Gold Project
Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce the commencement of the Reverse Circulation ('RC') drilling campaign at the Central Menzies Gold Project ('Central Menzies' or the 'Project').
Overview:
-- Commencement of a drill programme of 26 RC holes for a total of 2,140 metres at the Central Menzies Gold Project, targeting two prospects, both of which are along strike from the Yunndaga deposit (Figure 1), historically the largest gold mine in the Menzies field with over 270,000oz produced.
-- A detailed review of the historical dataset identified several prospects within the Project area. Two of these, known as Teglio and Nugget Patch, have been prioritised in this initial RC drilling campaign based on their elevated gold concentrations, and the potential to generate significant strike and lateral extension.
-- 13 RC holes for 1,100 metres has been designed at Teglio, testing a strike length of 520 metres.
-- At Nugget Patch, a further 13 RC holes for 1,040 metres are planned.
-- Further drilling targets are expected to be generated within the Project area once the geochemical soil sampling results are received. The soil sampling targeted areas of the greatest prospectivity based on the location of historical workings as well as areas of limited previous drilling.
Shaun Bunn, Managing Director, said: "The commencement of our first drill campaign at Central Menzies represents another major milestone for the Company and one I am pleased to say we have reached in accordance with our development plans. This demonstrates that whilst we are operating in a major mining boom here in Western Australia, where drillers and rigs are booked out months in advance and geological support is difficult to secure, the Company is well supported by its own staff and our external contractors. Despite slow assay turnaround from our recent soil sampling programme, we remain on schedule and budget to complete the RC drilling campaign and remain confident that the exploration programme envisaged under the current Option Agreement will meet its objectives."
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, located in the Menzies Shire, approximately 115km north of the city of Kalgoorlie-Boulder and 10km south of the township of Menzies (Figure 1). Central Menzies consists of four prospecting tenements (P29/2631, 2362, 2363 and 2364) covering a total area of 618 hectares.
The tenements are located within a north-
We are now second on the leader board.
Armadale Capital plc (LON: ACP) the AIM quoted investment group focused on natural resource projects in Africa, is pleased to announce the formal confirmation and receipt of the Mining Licence for its 100%-owned Mahenge Graphite Project in south-east Tanzania from the Tanzanian Ministry of Energy and Minerals. The Mining Licence provides the Company with exclusive development and mining rights over the graphite resources within the 8.54km(2) Mining Licence and is a major de-risking milestone for investors.
HIGHLIGHTS
-- Mining Licence ML/007744/2020 granted covering the long-life low cost Mahenge Liandu Graphite Project
-- Transformational permitting milestone for Armadale to build a significant high-grade graphite mine with robust economics (DFS showing pre-tax NPV of $430m, IRR of 91% and Payback Period of 1.6 years)
Armadale Chairman, Nick Johansen, commented:
"We are delighted to announce another crucial step forward in the development of the Mahenge Liandu graphite Project and we also wish to thank the Tanzanian Ministry of Energy and Minerals for their considerable support throughout the application process. In addition, we would also like to extend our thanks to key members of the wider Armadale team for their efforts in completing this important piece of work.
Receipt of the 10-year Mining Licence for the Mahenge Liandu graphite project is one of the final and most important de-risking milestones for the Company and allows us to push forward towards construction of our planned initial Stage 1 60,000 tonne per annum capacity for the project - an initiative which will bring significant benefits to stakeholders, both local communities and plc level investors.
Armadale continues to make progress in other crucial workstreams and as previously indicated, we are making positive progress in 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."
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Armadale Capital plc, the AIM quoted investment group focused on natural resource projects in Africa, announces that it has just been informed that Kabunga Holdings Pty Ltd ("Kabunga") between 8 April 2021 and 15 June 2021 sold in total, 12,963,204 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") and then subsequently, on 20 August 2021 acquired 16,273,550 Ordinary Shares pursuant to the conversion of loan notes by the Company, announced on 8 August 2021. Following these transactions Kabunga holds 23,170,763 Ordinary Shares, or 4.36 per cent. of the total voting rights of the Company.
Enquiries:
Armadale Capital Plc
Nick Johansen, Chairman
Tim Jones, Company Secretary +44 (0) 20 7236 1177
Nomad and broker: finnCap Ltd
Christopher Raggett / Seamus Fricker / Teddy Whiley +44 (0) 20 7220 0500
Notes
Armadale's wholly-owned Mahenge Liandu Graphite Project is located in a highly prospective region, with a high-grade JORC compliant indicated and inferred mineral resource estimate announced February 2018 - 59.5Mt at 9.8% TGC. This includes 11.5Mt @ 10.5% Measured 32.Mt Indicted at 9.6% and 15.9Mt at 9.8% TGC, making it one of the largest high-grade resources in Tanzania.
The work to date has demonstrated the Project's potential as a commercially viable deposit, with significant tonnage, high-grade coarse flake and near surface mineralisation (implying a low strip ratio) contained within one contiguous ore body.
The Company's updated Definitive Feasibility Study (June 2020) confirmed Mahenge as a long-life low-cost graphite project with a US$430m NPV and IRR of 91% based on a two-stage expansion strategy comprising:
-- Stage One - processing plant and infrastructure at a nominal design basis rate of 0.4-0.5 Mt/pa to produce a nominal 60,000t/pa graphite concentrate in the first three years of production
-- Stage Two - a second 0.5 Mt/y plant and associated additional infrastructure doubling throughput to 1 Mt/y from Year 5 of operation
The DFS shows that Armadale can be a significant low-cost supplier to the graphite industry with the potential to generate pre-tax cashflows of US$985m over an initial 15 year mine-life and scope for further improvement as this utilises just 25% of the current resource, which remains open in multiple directions.
Projected timeline to first production is expected to be approximately 10-12 months from the start of construction and the capital cost estimate for Stage 1 is US$39.7m, which includes a contingency of U$S4.1m or 15% of total direct capital cost, with a 1.6 year payback for Stage 1 (after tax) based on an average sales price of US$1,112/t. Stage 2 expansion is expected to be funded from cashflow.
More information can be found on the website www.armadalecapitalplc.com .
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Autho
he preliminary open pit design assumes a shallow open pit mine, adjacent to the Eclipse shaft, some 50 metres deep. The pit design contains only the oxide and transitional material, with the base of complete oxidation (BOCO) approximately 25 metres below the surface and the fresh rock domain lying well below the pit floor. The overall angles for all walls were between 46.5deg - 47.5deg and the waste to ore strip ratio was 31. The primary constraint on the pit depth is the depletion of gold in the uppermost 30 metres of the pit shell, and the consequent high strip ratio.
During the May 2021 drill campaign three diamond drill holes were undertaken and the core was submitted for geotechnical assessment. The resultant report concluded that the overall risk of kinematic instability on the walls at the Eclipse open pit is moderate. From the analysis, the most likely kinematic failure mechanisms are flexural toppling and planar sliding which will be more likely to occur in the transitional material. Potential exists for wedges to form but this is considered low likelihood given the orientation of the identified defect sets.
Further work planned
One of the key risks highlighted from the various studies is the ability for Empire to gain access to a processing facility during this boom period and the consequent high transportation costs for toll processing. This, along with the higher open pit strip ratios due to the depletion seen near surface has increased the financial risk profile of a small-scale open pit centred on only the Eclipse Shaft area. The Company does not currently believe that pursuing this strategy is the best use of funds and will instead look to build a resource base of scale by continuing to drill the higher-grade targets below the base of oxidation and test the links between Jack's Dream and the main Eclipse ore lode. Further drilling is also warranted around the new discovery at Twin Shaft. Once the extents of these other mineralisation targets are better defined the scope for open pit operations can be revisited.
Table 1 . Significant intercepts of the RC drill programme at Eclipse (reported above 1.3 ppm Au).
Hole_id Depth From Depth Interval Au (g/t) Target
(metres) To (metres)
(metres)
Phase 1 Drilling Programme - October 2020
ECRC20_005 42 50 8 2.14 Eclipse
----------- ---------- ---------- --------- -----------------------
ECRC20_009 45 48 3 21.96 Eclipse
----------- ---------- ---------- --------- -----------------------
ECRC20_017 49 52 3 3.18 Eclipse
----------- ---------- ---------- --------- -----------------------
ECRC20_021 9 10 1 7.76 Eclipse
----------- ---------- ---------
Mkt cap 136.07M AUD
810,000 buys 1 sell 33,281 since 12.01 could be a leak.
Best two I have had 850 bagger and 585 bagger them where the days.
09 August 2021
Cadence Minerals Plc
("Cadence Minerals", "Cadence")
Macarthur Minerals (TSX-V: MMS, ASX: MIO) Strengthens DSO Export Position in the Yilgarn Region With Additional Rail Haulage Deal.
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals (TSX-V: MMS) (ASX: MIO) (the "Company" or "Macarthur") has announced that it has agreed terms with Aurizon ("Aurizon"), for the transport of direct shipment ore (DSO) at a rate of up to 500,000 tonnes per annum between West Kalgoorlie and Kwinana.
Macarthur's combined rail position now extends the Company's potential access to rail haulage capacity in Western Australia to almost 1 million tonnes over the next 12 months, and up to 2.1 million tonnes in aggregate over 4 years, subject to securing matching port access.
Increasing Macarthur's aggregated rail access is critical to accelerating the Company's early revenue objectives. The maximising of rail capacity is subject to successfully securing matching capacity at Fremantle and Esperance ports.
The Company's continued incremental approach to building rail access is both deliberate and strategic as it seeks to maximise opportunities for the export of iron ore products at the earliest available opportunity.
Key Agreement Terms
The rail haulage agreement with Aurizon requires the transport of a minimum of 450,000 tonnes over a term of 12 months and is subject to satisfaction of certain conditions precedent (which include Macarthur securing matching port access on commercially acceptable terms, and Aurizon achieving a number of regulatory approvals).
Enhancing the Pathway for Export
The agreement with Aurizon increases Macarthur's potential contracted rail capacity in Western Australia to just under 1 million tonnes over the next 12 months (and up to 2.1 million tonnes in aggregate over the next 4 years).
Aurizon's Bulk business is the largest transporter of Iron Ore outside the Pilbara. Rail Capacity is an important link in an emerging transport solution that will enable Macarthur to take advantage of the strong iron ore pricing conditions and target early revenue generation in the current commodity cycle. Macarthur's early revenue generation targets include the export of GWR's DSO products whilst the Company completes its planning mining, production and export of a DSO product from Ularring at the earliest available opportunity.
DSO and Magnetite Project Financing to be Accelerated
With Macarthur's various production strategies now gaining material traction, the Company is determined to accelerate its project financing.
Empire Metals Limited (LSE)
LSE:EEE
Empire Metals Share News (EEE)
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Share Name Share Symbol Market Type Share ISIN Share Description
Empire Metals Limited LSE:EEE London Ordinary Share VGG3036T1012 ORD NPV (DI)
Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
0.00 0.0% 2.40 2.30 2.50 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.0 -0.3 - 8
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Alert
Empire Metals Limited Identification of new Twin Shafts Lode at Eclipse
28/07/2021 7:00am
UK Regulatory (RNS & others)
Empire Metals (LSE:EEE)
Intraday Stock Chart
Wednesday 28 July 2021
Click Here for more Empire Metals Charts.
TIDMEEE
RNS Number : 6245G
Empire Metals Limited
28 July 2021
To view the announcement with the illustrative images please use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/6245G_1-2021-7-27.pdf
Empire Metals Limited / AIM: EEE / Sector: Natural Resources
28 July 2021
Empire Metals Limited ('Empire' or the 'Company')
Identification of new 'Twin Shafts' Lode at Eclipse Gold Project
Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce the results of t he third phase of reverse circulation ('RC') and infill diamond drilling at the Eclipse Gold Project, located 55km north-east of Kalgoorlie, Western Australia ('Eclipse' or the 'Project').
Highlights:
-- Third phase of RC drilling at the Eclipse Gold Project has delivered encouraging results and supports the scaling of the Project's mineralised footprint.
-- The drilling campaign was conducted over a 10 day period from 20 April 2021 to 29 April 2021 during which time 19 RC holes were drilled for a total of 1,893 metres, and three PQ core diameter drill holes were drilled for a total of 201.1 metres.
-- The RC drilling has confirmed the existence of several parallel veins in addition to the main Eclipse vein and the diamond drilling has replicated intercepts from previous RC drilling as well as providing an invaluable insight into the nature of the mineralisation and the alteration zones.
-- Targeted RC drilling with respect to a twin set of historical workings located SW of Eclipse has proved favourable and has identified a mineralised lode running sub-parallel to the Eclipse vein, referred to as 'Twin Shafts'.
-- The drilling has confirmed the different stockwork style of near-surface mineralisation in the vicinity of the Jack's Dream old workings, which is breccia in style and has a different orientation to Eclipse/Twin Shafts. This indicates both increased complexity and possibly an increased duration of the gold system.
-- Significant RC drilling intercepts include:
o 5m @ 3.54 g/t Au from 126m downhole at Jack's Dream
o 6m @ 2.39 g/t Au from 50m downhole at Jack's Dream
o 4m @ 4.78 g/t Au from 66m downho
07 July 2021
Cadence Minerals Plc
("Cadence Minerals", "Cadence")
Macarthur Minerals (TSX-V: MMS, ASX: MIO) Lake Giles Feasibility Study Update. Macarthur to commence geotechnical drill programme at Moonshine to support mine planning for flagship magnetite project.
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals (TSX-V: MMS) (ASX: MIO) (the "Company" or "Macarthur") has announced that it is about to commence a geotechnical drilling campaign to support mine planning work being undertaken as part of the current Feasibility Study for its flagship Lake Giles Iron Project in the Yilgarn region of Western Australia.
The drill programme is planned to commence during July and will involve the drilling of 8 diamond core holes for a total depth of 1560m, with varying depths of between 175 to 230m each.
The drill programme will be undertaken as efficiently as possible and is expected to take between 6 to 8 weeks to complete.
An image accompanying this announcement showing the planned geotechnical holes at the Lake Giles Iron Project preliminary layout is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0def0e3-a8f6-47ed-bb00-eb689b97cc27
Macarthur Minerals CEO Andrew Bruton commented: "This important phase of drilling work will provide information targeting the footwall and the hanging wall of the main pits for the first phase of magnetite mining operations at Moonshine and will be used to support mine planning work being undertaken by Orelogy Mine Consulting and Pells Sullivan Meynink ("PSM") as part of Macarthur's current Feasibility Study for our flagship, high grade magnetite Lake Giles Iron Project.
The scheduling of the drill programme aligns with the Company's expectations for delivery of the Feasibility Study. The mobilisation of the drill crew and equipment on site will commence shortly and we look forward to keeping investors updated on the progress of this work over the course of the next few months."
Link here to view the full announcement and drill hole detail:
https://finance.yahoo.com/news/lake-giles-feasibility-study-macarthur-120000554.html
Cadence Minerals Holding in Macarthur
Cadence holds approximately 1% of the issued equity interest in Macarthur, which is an Australian mining exploration company focused primarily on iron ore, nickel, lithium and gold in Western Australia. It also has a lithium project in Nevada, USA.
This news release is not for distribution to United States Services or for Dissemination in the United States.
- Ends -
Austria was done when it was called Noricum so presentation it could be correct.
BLOCK LISTING SIX MONTHLY RETURN
Information provided on this form must be typed or printed electronically and provided to an ris.
(Note: Italicised terms have the same meaning as given in the Listing Rules.)
Date: 17 June 2021
Name of applicant: Armadale Capital plc
Name of scheme: 1. 2.2p warrants
2. 3p warrants
---------------------------------------
Period of return: From: 18 December 2020 To: 17 June 2021
----------------------------- ----------------- ----- -------------
Balance of unallotted securities under scheme(s) from previous return: 1. 43,205,750
2. 27,777,778
---------------------------------------
Plus: The amount by which the block scheme(s) has been increased since the date of the 1. Nil
last 2. Nil
return (if any increase has been applied for):
---------------------------------------
Less: Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G): 1. 9,104,043
2. 1,499,999
---------------------------------------
Equals: Balance under scheme(s) not yet issued/allotted at end of period: 1. 34,101,707
2. 26,277,779
---------------------------------------
Name of contact: Tim Jones, Company Secretary
Telephone number of contact: 01372 464549
-----------------------------
20 May 2021
To view the announcement with the illustrative images please use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/2641Z_1-2021-5-20.pdf
Empire Metals Limited / AIM: EEE / Sector: Natural Resources
20 May 2021
Empire Metals Limited ('Empire' or the 'Company')
Option and Earn-In to Acquire Highly Prospective Gold Project in Western Australia
Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce that in line with its strategy to acquire value-accretive projects and build a sizeable mineralised footprint in the Western Australian gold sector, it has entered into an Option Agreement (the 'Option') to acquire a controlling 75% interest in four exploration licences which comprise the Central Menzies Gold project ('Central Menzies' or the 'Project').
Highlights:
-- Central Menzies is located in one of the region's major productive gold fields, is serviced by the Goldfields Highway and has access to power and water as well as being within trucking distance of a number of gold processing plants.
-- The Project lies within a classic granite-greenstone belt, with mineralisation associated with the regional Menzies Shear Zone. Gold-bearing quartz veins occur along the contact between basalts and sediments. A series of structurally controlled high-grade gold deposits have been historically mined and display extensive exploration potential for high-grade extensions.
-- The locality is underexplored and is directly south along strike of the 15km-long First Hit - Yunndaga line of workings which had a total metal inventory of 1.1Moz of gold.
-- ASX-listed Kingswest Resources' Menzies Gold Project, which virtually surrounds the Project area, has current total mineral resources of 320,000oz @ 2.1g/t Au.
-- Recent surface prospecting in the Project uncovered a suite of gold nuggets totalling approximately 20 ounces in a pushed-up area approximately 40 to 60 centimetres below surface at a laterite/ calcrete interface.
-- The Central Menzies project is owned by renowned Kalgoorlie prospector, Mel Dalla-Costa, who has been responsible for a number of significant discoveries in the WA gold fields over the past 50 years.
-- The total cost to acquire the 9-month option is AUD$250,000 in cash, AUD$100,000 to be settled via the issue of 1,921,068 new ordinary shares in Empire at a price of 2.85p per share.
-- Empire has agreed to spend AUD$500,000 on exploration at Central Menzies within the 9-month option period and can exercise the Option at a cost of AUD$1.75 million in cash and AUD$1.25 million to be settled via the issue of new ordinary shares at a 10% discount to the 30-day VWAP at the time of exercise.
Shaun Bunn, Managing Director designate, said: "We believe that the gold mining industry in Western Australia offers tremendous opportunity and we are delighted to be able to extend our mineralised footprint in the region with this highly
MB they say where there is no sense there is no feeling.
10 May 2021
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Second Iron Ore Shipment & Operational Update from the Amapa Project
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an operational update on the Amapa, Iron Ore Project, Brazil ("Amapa Project").
Highlights:
-- Shipping continues at pace - DEV Mineração S.A. ("DEV") has shipped and sold the second batch of iron ore from the stockpiles.
-- The loading of the 48,670 wet tonnes of iron ore sinter fines (approx. 58% Fe) at Companhia Docas de Santana ("CDSA") was carried out in record time.
-- R$7.5 million deposited into the judicial account, to be utilised to pay ex-employees and small creditors
-- The remainder of the profit from the first shipment is being utilised as per the Approved Court Petition
-- Key personnel have been engaged, including the head of shipping operations and the previous general manager of mine operations.
-- Re-instatement of operating licenses is progressing with a focus on DEV's private port concession.
Shipping
DEV has shipped and sold the second batch of the iron ore from the stockpiles at Santana, Amapa, Brazil. The loading of the 48,670 of the iron ore sinter fines (approx. 58% Fe) at CDSA was completed in record time (60 hours), which bodes well for DEV's plan to increase the frequency of shipping from CDSA over the coming months.
DEV worked with Indo Sino Pte Ltd ("Indo Sino") and Cadence to carry out a competitive bid process for the cargo. The buyer is one of the world's largest globally diversified natural resource companies and a major producer and marketer of commodities.
This shipment was approved via a court petition ("Approved Court Petition"), details of which can be found here , allowing DEV to export sufficient iron ore to realise a US$10 million profit.
Part Payment of Former Employees and Small Creditors
As part of the Approved Court Petition, DEV undertook that it would pay certain outstanding claims from former employees and small creditors from the net profit of the sale of the iron ore stockpile.
In this regard, DEV has transferred R$7.5 million to the judicial deposit account, representing some three-quarters of the amounts owed. KPMG Brasil will manage the payments to these creditors. Once fully paid, this will mark the completion of a crucial step in the Judicial Restructuring Plan ("JRP") approved by the creditors on 29 August 2019.The remainder of the profit from the first shipment of Iron Ore (Sinter Fines 58% Fe) is being utilised as per the Approved Petition.
Operations
Operations have continued to progress in regard to the recommissioning of the Amapa Project.
Key personnel have been engaged. A new head of shipping operations is now responsible for the efficient and safe movement of the iron ore shipments.
In addition, DEV has engaged a former general manager of mine operations. With over 27 years of operational and manageri
When they got involved I thought at time there would be tears down the line, they are not happy with 35% they will not be happy with 70% they will want our 30% , how many voting rights have they got through brokers.
How much will they pay pay for the 30% hopefully not peanuts they want 100% this the way china work.
Looed you are a star thanks for all your hard work.
This is up and down like ****es pair of nicks.
Hmm - it doth seem to be taking longer to land than a slow boaty from Skye!
piler I thinketh you meant Chinaeth.
Or the market.
KDNC
2 j/v s price?
shares IN EMH?
Amapa?
Macarther?
Money in escro
shares in issue 148m
Comparison to HE1
Placing 100, 000,000 @ 10p today 20.30p up 19%.
They have not put a drill in the ground YET.
Shares in issue 600m.
KDNC down 0.75?