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This could easily rise to 50-100p within a year or two, should he 10p right now minimum

(8.11%)

Volume is coming in fast expecting the train to leave soon. News soon?

Thanks mate great summary, theyknowitall the game has finally begun. The share price won’t be below 10p much longer.

I missed that that’s great news, share price could go up on the back of this

Jax is approaching a major milestone that could significantly change the company’s trajectory. The upcoming drilling permits for its Eureka Project in Jujuy Province, Argentina, represent the moment when Ajax moves from planning to execution. Once these permits are secured, the company can begin its first modern drilling programme, a decisive step that often drives a strong revaluation in small-cap exploration stocks.

Eureka is known to host both copper and gold mineralisation, yet it has never been tested with modern exploration methods. Drilling will provide the first real opportunity to define the scale and quality of the resource, potentially confirming what historic data has long suggested. This shift from potential to proof is where real value starts to emerge, attracting new investor attention and building momentum behind the story.

With a low current market valuation and a promising mix of copper and gold exposure, Ajax is well placed to benefit from the global demand for critical metals and safe-haven assets alike. The macro environment continues to favour companies positioned in these sectors, and a positive permitting outcome could mark the start of a sustained rerating.

While exploration always carries risk, the reward profile here is compelling. The granting of drilling permits would not just be an administrative step—it would be a defining moment for Ajax, one that could drive renewed confidence, higher volumes, and a meaningful rise in the share price as the company enters its next phase of growth.

Https://news.az/news/latin-america-could-attract-239b-in-mining-investments-by-2033

Every article I read is pointing to a huge mining boom in Argentina and South America

Completely agree with this. Ajax looks ready for a very active few weeks ahead. The sequence of catalysts coming together here is rare. Eureka permits due any moment. Drilling lined up for November into December. The Aquis presentation on the 19th should finally put Ajax on a wider radar. Then the Pagunata acquisition closing on the 25th… that’s another major step in building the portfolio.

What really stands out is the talk from the CEO about another possible acquisition. That shows they’re not slowing down. Add in the Euronext listing still to come and the plan to reopen the alluvial sites and Pagunata early next year… we could be looking at a company moving into a completely new phase.

If the JORC updates confirm what’s expected at Eureka, La Escondida and La Norteña… the value picture changes fast. Everything built quietly over the past year finally feels like it’s about to click. Very exciting few months ahead for anyone watching closely.

Spot on this really does feel like we’re right on the edge of something here. Once that 7 day VWAP kicks in momentum could shift fast. You can already sense the brakes coming off this one and it’s got that same feel as when these plays start heating up before the wider crowd catches on. Feels like the perfect setup for anyone who’s been watching quietly on the sidelines.

Https://www.mining.com/mileis-win-cements-us-partnership-in-argentinas-mining/

Fully agree. This is an astute assessment. Milei’s strengthened position fundamentally improves the operating climate for explorers like Ajax. What stands out is how the company moved early, securing ground, maintaining provincial relationships, and advancing permitting before the broader market recognised Argentina’s policy shift. That timing is exceptional. As capital begins returning to frontier jurisdictions, projects with genuine progress and administrative continuity will attract fast attention. Ajax has positioned itself ahead of the curve, giving it a clear strategic advantage heading into 2026.

2,790,000 Unknown* 139.50k

2,790,000 Unknown* 137.41k

Someone is loading up heavily here !

We are getting traction now there will up be little dips here and there but the projection is upwards. Looking good

Everything you’ve highlighted points to a company being run the right way — management aligned with shareholders, real cash in the bank, and assets with genuine, independently verified value behind them. It’s rare to find a setup where directors are both heavily invested personally and not drawing salaries, which speaks volumes about their confidence in what’s coming. The market cap versus cash balance alone suggests this is still flying under the radar, and the combination of an advanced gold-copper-zinc project and the pending silver acquisition makes the current valuation look completely detached from the underlying potential. With drilling and environmental approvals approaching, this feels like a period of quiet before major revaluation. The Argentina pivot toward Western capital only strengthens the macro backdrop. It’s definitely one of those stories worth serious attention before the wider market catches on.

Thinking outside the box here, but his dad took Zenith from 0.15 to 2.4 NOK just this June. I’d imagine he’s still got plenty of strong connections in Oslo, and it wouldn’t surprise me if his son taps into those when things start moving. Could be what really sends this flying.

Yeah I’m with you on that one mate. The setup here looks proper interesting over the next few months. Once the environmental approval lands and drilling kicks off, it could move fast. The silver project in Chile’s already got the JORC so they’re basically good to go once the acquisition’s wrapped up. Add the Euronext listing and you’ve got more liquidity coming in at the same time. Tiny market cap for what’s on the table — could easily multibag from here if they deliver.

Good point, and I think there’s another angle worth noting here. A recent piece on Patagonia Lithium’s plans for a 2026 pilot plant in Jujuy quietly highlights how active that province is becoming. Ajax’s ground sits in the same region, which is now seeing increasing investment, technical work and attention from the wider market. When a neighbouring operation starts moving toward pilot scale, it naturally lifts confidence in the surrounding geology and infrastructure.

Ajax’s positioning in Jujuy looks smarter by the week. The region’s profile is clearly rising, and with Patagonia pushing development nearby, it reinforces that Ajax is operating in the right place at the right time. Combine that with the Chile acquisition and you’ve got a company spreading risk but staying focused within two of South America’s most prospective mining belts. It’s a quiet build, but one that feels very deliberate.

Check this link out https://mining.com.au/patagonia-poised-for-2026-pilot-plant-push/

Https://www.timesnownews.com/business-economy/economy/largest-mineral-discovery-in-30-years-argentina-and-chile-strike-copper-gold-silver-jackpot-article-152967809/amp

Largest mineral discovery in last 30 years Argentina/Chile

Brilliantly put. I completely agree with this. Ajax really does look like one of those rare early-stage opportunities where the valuation has not even begun to reflect what is on the table. When you consider the quality of the assets, the pace of progress, and the scale of the ground they have secured in Argentina, it is hard to see anything else on Aquis offering comparable upside at this price range.

Most companies at a similar stage are still raising funds just to get drill ready, while Ajax is already there with a clear path forward and multiple chances at discovery. The contrast is striking, and it is exactly why I think this will re-rate sharply once the wider market catches on.

At these levels it is trading like a shell, but the potential is anything but. Once momentum builds and the first drill results are released, this could easily move beyond the small cap conversation entirely. Excellent insight as always. The story is only just beginning, and it looks ready to fly from here.

TF, I got one that trumps your link for potential. LOL

https://indiandefencereview.com/large-copper-gold-silver-deposit-argentina/

In a moment that could drastically change South America’s mining landscape, a recent discovery in Argentina has unlocked the largest gold, silver, and copper deposit found in three decades. Valued at around $337billion, this monumental find, nestled in the mountainous region of San Juan Province, presents new opportunities and challenges for the country’s economy. As detailed in the Lundin Mining announcement, the joint venture between BHP and Lundin Mining stands poised to bring this remarkable resource to market. But what does this discovery mean for Argentina, its neighbors, and the global mineral supply chain?

Nice find they also hit record for mining exports too

https://www.kallanish.com/en/news/battery-materials/market-reports/article-details/argentina-hits-record-for-mining-exports-0925/