Firering Strategic Minerals: From explorer to producer. Watch the video here.
Anyone see the large 5.7 million which appeared to be two sells, it's not it's a Bed N ISA buy myself .
It's a sell followed by a buy as I'm transferring some of my shares over to my ISA with the new tax allowance.
I've confirmed in II it was my one.
Fully agree, the ASIC is everything at this stage.
Would also like to understand how long it would take to get the big HL online if they have funding and what the cost is to build said large HL.
Just seen a tweet that the new generator is in and working, that was quick: https://twitter.com/caracalgoldplc/status/1643559319705616386?s=61&t=iOyhAN-hNttukDTGqu2vmg
I'm wondering if they can use some of these additional profits to clear away Millend CLN so they don't need to issue or maybe it's too late for that
Great day for Gold and good to see some VIPs on site, next 2-3 months will be exciting if they deliver a) finance b) governance and prospectus .
Really interested to see the results for high grade gold, with prices of POG where they are this could really help.
Wonder how much it will cost and how much time it will take to get the big heap leech up and running
This is a really nice tweet: https://twitter.com/CaracalGoldplc/status/1642809180884008965?t=SZJ9DOtMCjidXf7KQiWcYw&s=19
Wonder who could be coming to site on both days
''We are extremely pleased with these results which demonstrate high grade intersections and validate the historical reports on the Talairyk REE project and provide a strong indication of an REE deposit of consequential size and grade.
"Planning will soon begin to continue drilling the Talairyk deposit in parallel with our copper-zinc-lead exploration in the NE of Kazakhstan with the same intention of converting it to a JORC-compliant resource. We will also test 12 km of granitic strike within the Talairyk licence areas which offer additional resource upside potential.
"Leach test work will begin shortly, the results of which, along with resource drilling, we hope will form the basis of a scoping study to define potential project economics."
That's around 113 million market cap, TRX gold who are similar but a bit further along are valued at $110 million.
They processed around 3k/Oz QTR.
Similar resource size , if we get to 24k/Oz this year and show encouraging results for VIM Rutha then I can see 2 - 3 p.
Good news they are building in redundancy and funding out of the profits they are making
https://twitter.com/CaracalGoldplc/status/1642107068793380864?s=20
Good news is they have a process in place and have done for a while and they have got a negative out in the open and showed they fixed it.
Fingers crossed for a positive week next week , things definitely heading in the right direction again
Yep, fairly spot on.
Reason for low market cap is governance issues (being reviewed and hopefully sorted soon), finance (may become less of an issue now they have the high grades in the short term) , propsectus (due to be submitted to FCA)
Lots of potential but always DYOR
You are very hung up on this aren't you, funnily you only appear on the days of positive news to bring this up
If you listen to the last interview they stated it's in its final stages , that may want to do sider redoing it given the positive grades here
Caracal Gold PLC
('Caracal' or the 'Company')
High Grade Zone on Kilimapesa Hill
Caracal Gold PLC, the expanding East African gold producer with over 1,300,000oz of JORC compliant gold resources, is pleased to confirm ongoing delivery of high-grade ore from the high-grade zone in the Kilimapesa Hill deposit to the Milling plant.
Highlights
· Ongoing 360tpd of high-grade material with average grades from 3.39g/t to 4.92g/t being processed,
· The initial mining plan has been extended to over 180 days of delivery of high-grade material to the milling plant ,
· Exploration to define the full potential of the high-grade zone in ongoing.
The average grades for the period from 19th March to 28th March 2023 are detailed below:
Date
Average Grade
19-Mar
3.49g/t
20-Mar
3.68g/t
21-Mar
3.94g/t
22-Mar
3.55g/t
23-Mar
3.73g/t
24-Mar
4.92g/t
25-Mar
4.15g/t
26-Mar
3.65g/t
27-Mar
3.51g/t
28-Mar
3.39g/t
Hourly belt cuts are taken on the mill feed conveyor and the daily summary sampling sheets for samples are attached. These samples are assayed in the Kilimapesa laboratory. Sampling and analytical procedures are subject to a comprehensive quality assurance and quality control program. The QAQC program involves insertion of duplicate samples, blanks and certified reference materials in the sample stream. Gold analyses are performed by standard fire assaying protocols using a 50-gram charge with atomic absorption (AAS) finish and a gravimetric finish performed for assays greater than 10 grams per tonne.
Tonnages mined improved to over 400tpd from the high-grade zone, recoveries remained in line at 75%, the plant availability was affected by power outages after pole on the main feed line to plant collapsed during a heavy rainstorm - plant availability for the period was 75%.
Robbie McCrae, CEO of Caracal commented:
"It has been 20 days since we started mining and processing ore from the Kilimapesa Hill high-grade zone and the team are pleased with the results across the board from the exploration to the mining and to the processing. The mining team have worked hard to complete the access roads and strip waste and now are focussed on increasing the tonnage mined and delivered to the Milling plant. At the Milling plant the focus Is to increase the tonnage from 360tpd to 500tpd over the next few weeks. We are looking forward to updating the market on the results from the exploration work on the high-grade zone in the near future".
* * ENDS * *
https://twitter.com/CaracalGoldplc/status/1640980362804297728?s=20