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24/03/2021 7:35am
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Armadale Capital (LSE:ACP)
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Wednesday 24 March 2021

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RNS Number : 3133T

Armadale Capital PLC

24 March 2021

Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company

Armadale Capital Plc

('Armadale' or 'the Company')

Board Change

Armadale Capital plc, the AIM quoted investment group focused on natural resource projects in Africa, announces that Amne Suedi has resigned from the board of directors of the Company with effect from 31 March 2021 in order to focus on other business opportunities. Ms. Suedi has offered to make herself available for consultation with the Company over the coming months in order to ensure an orderly transition.

Armadale Chairman, Nick Johansen, commented:

"We thank Amne for her hard work and guidance during her tenure as an Armadale director and wish her well for the future."

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/201

On 14 July 2020, The Company announced the sale of its royalty entitlement in respect of the Spring Hill gold project to TRR Services Australia Pty Ltd ("TRR"), a 100% owned subsidiary of AIM quoted Trident Royalties Plc.

Mick Billing, Executive Chairman of Thor Mining, commented:

"We are very pleased to complete the sale of the Spring Hill royalty entitlement."

They should have a name change to THOR DRILLING and then everybody would know what they were investing in.
These podcasts he does why does the interviewer not ask the right questions like what date are you going bring a resource to production.
When are you going to stand down and let someone who knows what they are doing do the JOB properly.
Why did you give away Spring hill for mates rates.
Over two years ago you RNS a newsletter to share holders saying the share price will recover it was 5p why has it not done so.
What is happening to Dundas gold mine.
These are a few off the questions I would ask him and why are YOU STILL running the company.

Project prospective for "Salt wash" type sandstone hosted mineralisation within the high-grade uranium-vanadium Uravan mineral belt.

-- Three priority target areas identified - Section 23, Groundhog and Rim Rock.

-- Field sampling by Thor returned assay results of high-grade uranium (up to 1.25% U(3) O(8) ) and vanadium (up to 3.47% V(2) O(5) ) as announced on 21 July 2020.

-- Historic uranium-vanadium mining jurisdiction, within close proximity to well-developed infrastructure.

-- Close to the White Mesa mill which has historically acted as toll milling plant

-- Shallow depth of prospective uranium-vanadium fluvial sandstone hosted uranium is conducive to testing with low-cost reverse circulation ("RC") drilling.

-- We aim to quickly and inexpensively see if there is mineralisation which may require further investigation

-- Drilling is scheduled to commence in May 2021, once permitting is complete.

Mick Billing, Executive Chairman of Thor Mining, commented:

"With uranium prices at current levels, we are pleased to be in a position to commence drilling at our Colorado uranium-vanadium project once permitting is complete. Based on the historic mining in the region and our due diligence, we are excited to be testing this prospective area which is known to host high-grade uranium deposits.

"In particular, Section 23 appears to have not been drill tested by previous mining companies despite the geological setting which appears very similar to that of the nearby historical high-grade production areas, hopefully providing Thor with a potential opportunity to make a significant new discovery.

"Thor is led by a management and technical team with proven uranium credentials, working closely with our US team.

"We look forward to updating investors on the progress of this project in due course."

PROJECT LOCATION AND HISTORY

The US Uranium-Vanadium Project comprising Vanadium King, Radium Mountain, and the Wedding Bell group of claims, lies within the 110km long Uravan mineral belt extending across Colorado and Utah, USA.

The Uravan mineral belt and adjacent uranium-vanadium mining districts of the Colorado Plateau are reported to have produced, over the past 100 years, in excess of 85million lbs U(3) O(8) and over 660 million lbs of V(2) O(5) from the Salt Wash Sandstone member of the Jurassic, Morrison Formation. The average production grades from the Uravan mineral belt from the 1940s to January 1979 are reported be 0.25% U(3) O(8) and 1.29% V(2) O(5) (Thamm. et al., 1981(b) ).

(b) www.osti.gov/servlets/purl/6512174

The Uravan mineral belt is a historic uranium-vanadium mining jurisdiction, close to well-developed infrastructure. A processing plant which has historically taken ore from the region on a toll treatment basis is located near Blanding, Utah within relatively close proximity to Thor's claims.

A map showing the project location and the nearby White Mesa processing plant location is on the Thor

We need a captain at the helm who is hungry and eager and knows what he is doing.
We need the JORC,

Reverse Circulation drilling, or RC drilling, is a method of drilling which uses dual wall drill rods that consist of an outer drill rod with an inner tube. These hollow inner tubes allow the drill cuttings to be transported back to the surface in a continuous, steady flow.

Things are stepping up for Graphite.
https://techcrunch.com/2021/03/15/swedish-battery-manufacturer-northvolt-receives-a-14-billion-order-from-vw/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJr5F4x1GFbTPi67LSGh0S7-DCFs-xXuU4FCils9RO9OocgHzuBYU_sB06ru7dgATD0kBS_rn4h3i1ONhlS19kpp3d9HG16oWMMJBan2nVnHMBl1cpxD4NT-pXx6Uo-r0YavgGuoBlQpVsXqQs6sBWYx9zAaz4HdVC3RVr6qWZNk

IF BIG IF there are Americans looking at j/v for one off the two resources in the states they would want exposure to the market in the states.

HOR MINING COMMENCES TRADING ON OTCQB Venture MARKET in the United States

Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR, OTCQB: THORF) is pleased to announce that trading in the Company's ordinary shares will begin today on the OTCQB Market in the United States, under the ticker "THORF".

The OTCQB Venture Market is for early-stage and developing U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process.

B. Riley Securities acted as the Company's OTCQB sponsor. B. Riley Securities, Inc. is a full-service investment bank and subsidiary of B. Riley Financial, Inc., based in Los Angeles with offices across the United States, providing corporate finance, research, sales and trading services.

Trading on the OTCQB market has no impact on existing Thor ordinary shares, which will continue to trade on the London Stock Exchange (LSE) and the Australian Securities Exchange (ASX) under the symbol "THR", and no new ordinary shares will be issued as part of the cross-trade. Thor will continue to rely on the announcements and disclosures it makes to LSE and ASX and will have no Sarbanes-Oxley or SEC reporting requirements.

Mick Billing, Executive Chairman of Thor Mining, commented:

"We are delighted to be able to commence trading on the OTCQB platform, and to improve access for U.S. institutional and retail investors to invest in the Company and share in the growth of Thor Mining PLC.

"In addition to our portfolio of Australian projects, the Company holds a 100% interest in exciting uranium and vanadium exploration assets in Colorado, and Utah, where drilling is scheduled shortly, and 100% of the large Pilot Mountain tungsten resource in Nevada. We are hopeful that these projects will be attractive to U.S. investors, and are pleased to be able to provide the US investment platform opportunity."

- Ends -

adence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals (TSX-V: MMS) (ASX: MIO) (the "Company" or "Macarthur") has engaged CGG Aviation to undertake a Tempest airborne electromagnetic (AEM) survey of palaeovalleys adjacent to the Lake Giles Iron Project to assist in the identification of groundwater drilling targets. CGG mobilised to site on 10 March 2021 and the aerial survey was completed over a period of 5 days.

Highlights:

-- Survey covered an extensive area of the Rebecca palaeovalley in close proximity to the Lake Giles Iron Project where a large quantity of groundwater is expected to occur.

-- Tempest AEM survey successfully employed in previous groundwater aquifer interpretations.
-- Drill targets will be defined from AEM surveys with subsequent drilling planned during the first part of this year to test quality and quantity of water to support magnetite processing requirements.

Macarthur has been working with consulting hydrogeologists from Rockwater Pty Ltd ("Rockwater") to define a source for process water requirements for magnetite processing at its Lake Giles Iron Project.

The Goldfields region contains numerous buried palaeovalleys that are likely to contain large volumes of groundwater. Such systems are currently exploited to supply process water demands for other Goldfields operations such as BHP's Nickel West, Glencore's Murrin Murrin Nickel Project and Gold Road's Gruyere Gold Project. The western limb of the Rebecca palaeovalley is located approximately 15 to 40 km east of the Lake Giles Iron Project and extends over 160 km North to South. This system is expected to contain abundant groundwater and is currently not exploited by other operators.

Macarthur engaged CGG Aviation to undertake an airborne AEM survey covering an area of 970 km2. Electromagnetic data was collected from the survey which was conducted over 1,322 line kilometres at a line spacing of 800m. The Tempest AEM system is suited to conductivity mapping and has previously been utilised for mapping the location, extent and basement topography of palaeodrainage systems. Interpretation of the data collected will be undertaken by hydrogeologists from Rockwater, who are experts in the application of hydrological surveys, to define suitable drill targets for groundwater exploration.

The full announcement can be viewed here: https://macarthurminerals.com/wp-content/uploads/2021/03/MMS-NR-FS-update-AEM-Survey_16-March-2021.pdf

Cadence Minerals Holding in Macarthur

ited

16 March 2021

To view the announcement with the illustrative images please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/3255S_1-2021-3-15.pdf

Empire Metals Limited / AIM: EEE / Sector: Natural Resources

16 March 2021

Empire Metals Limited ('Empire' or the 'Company')

Next Phase at Eclipse Gold Project

Empire Metals Limited, the AIM-quoted exploration and resource development company, is pleased to provide a further update on the next phase of works at the Company's Eclipse Gold Project, located 55km north-east of Kalgoorlie, Western Australia ('Eclipse' or the 'Project').

Work Programme

The next phase of work at Eclipse includes:

-- Additional structural interpretations to support updated vein wireframes and modelling.
-- Resource modelling and estimation.
-- Preliminary open pit "optimisations".
-- A further 1700m of reverse circulation ("RC") drilling in 17 holes, mainly focussed on infill drilling adjacent to wide intersections of mineralisation and high-grade intercepts around the Jack's Dream workings, north-west of the Eclipse shaft, to further expand the mineralisation and potential resources.

-- An additional 200m of diamond drilling in three holes to duplicate selected recent RC drillholes for resource estimation purposes, to enable initial geotechnical core logging as input to a preliminary pit design, and to provide samples for metallurgical testing.

-- Metallurgical testwork.
Figure 1 is a plan view showing the extent of the vein systems at Eclipse from drilling to date. Of particular note is the split of the mineralised veins into multiple branches, north-west of the Eclipse shaft. The wide mineralised intersections close to the Jack's Dream workings are evident.

This next phase is expected to be completed in approximately two to three months, however results for some elements will be made available beforehand.

Mike Struthers, Director of Empire Metals, said: "The boom in activity in the Western Australian minerals industry continues meaning there is high demand for equipment, especially in the gold sector, but we are delighted to have been fortunate to secure drill rigs for the next phase of work. Field geologists are also in high demand and we are very grateful to be working with an excellent geological services company out of Kalgoorlie, BMGS, who have a long association with the Eclipse property. This next phase for Eclipse will generate an initial estimate of a pit-constrained resource at the Eclipse shaft, which will give us our first assessment of the scale and economics of a potential open pit operation, together with further expansions of the mineralisation around the old workings at Jack's Dream along strike from Eclipse. This is the area where we recently had an intercept of 24m @ 1.44 g/t Au starting at 40m below surface. We hope this next phase of work at Eclipse will allow the Company to map out the path to an initial

Type the word graphite in the search box then go on applications.

https://portal.madini.go.tz/map/

jsd71 there is only one mining licence on there which is ours, the other two are for prospecting.

Beaub1 how old are you 21 if so you might just make it.

https://insideevs.com/news/491031/jaguar-looking-partner-help-develop-future-ev/

What numbers are on lse board who never joined fshg I am one, how many investors invested in FRR who have never been on lse how many have put them in a bottom draw and forgot them the, number could quite high in private hands.

I read your post on the other board this morning I am invested in ECR also underwater here, has this bod changed for the better as it use to be lifestyle co as I was thinking averaging down.

D2C2
Before Georgian Mining Corporation the company name was Noricum Gold they had gold mines in Austria nobody seems to no what happened to them, maybe this is why the market do not have belief in this company.
Before you think I am deramping I have been in this share since Noricum not 5 mins like some on here, they lurch from disaster to another disaster hopefully they have got it right this time.

Cadence owns 30% of 3 Mining Leases, 6 Exploration Licences which form part of the Yangibana Project, Hastings holds owns 70% of these leases and licenses.

The definitive feasibility study published in 2017, modelled two production scenarios the second of which had included within it 808,000 tonnes of plant feed from one of our joint venture areas (Yangibana) in year 6. This production target and additional production target from the definitive feasibility study indicates that 11% of the plant feed will come from our joint venture area[1].

The funding announced by Hastings represents the large majority of the equity component required to commence the development of the Yangibana Project, which includes the mining and of our joint venture areas.

The economic model contemplated by Hastings[2] assumes Cadence through its subsidiary will participate in the and mining of the deposits held 70% by Hastings and 30% by Cadence. Assuming there is a development of the mine by the joint venture a new Mining Joint Venture Agreement will need to be agreed and put in place to replace the existing joint venture documentation and regulate the arrangements between the participants for the mine development. No costs or revenue ascribed to 30% interest in the deposits held by Cadence were reported in the financial modelling published by Hastings.

Further details of our ownership the mineral resources and reserves on our jointly held leases can be found at:

https://www.cadenceminerals.com/projects/yangibana-rare-earth-project-2/

Highlights:

-- Hastings has received commitments to raise $100.7 million (before costs) through a two-tranche placement priced at $0.19 per share.

-- Placement funds will be used to advance development of the world-class Yangibana Rare Earths Project.

-- Strong institutional demand reinforces confidence that Yangibana will become Australia's next rare earths producer.

Upon settlement of both tranches of the Placement, the Company will have a cash balance of approximately $120 million (before costs).

As previously announced to the ASX, the equity component of the Yangibana Project's capital cost is $124 million.

The full HAS release can be found at: https://investi.com.au/api/announcements/has/8a07d081-700.pdf

Cadence Minerals Yangibana Holding:

Cadence owns 30% of 3 Mining Leases, 6 Exploration Licences which form part of the Yangibana Rare Earth Deposit. Hastings Technology Metals owns the remaining 70% ("Hastings"). Further details of our ownership of the mineral resources and reserves on our jointly held leases can be found at:

https://www.cadenceminerals.com/projects/yangibana-rare-earth-project-2/

The current mine plan anticipates production to start from our joint venture area (Yangibana) in year 6. The production target and additional production target from the definitive feasibility study (November 2017) indicates that 11% of the plant feed will come from the joint venture area license o