Member Info for Wiseinvestor23

Morning all

PFS showing BRES will be generating 100mil EBITDA per annum when producing

Based of 1% of the total 2-3billion tones asset

Uncertainty and bad market conditions knocked us to ATLs while in the strongest position

When the 59p broker target was released, all the talk was about a short term placing

Now we're gonna receive funding before Christmas - that's within 9 weeks

Exciting times for bres - 6mil mcap and we could have a 15-20mil at the moment and still be full of futher value to come

https://twitter.com/BlencoweRes/status/1581918038471081984?t=Jhzd6OBEhWzp-Yz3ZmsjBQ&s=35

https://www.youtube.com/watch?v=mt5ldzHDBtY&ab_channel=LondonSouthEast

Pre-Feasibility Study (PFS) Highlights



o Net Present Value (post-tax) of US$482M, a 52% increase on previously reported Preliminary Economic Assessment (PEA)

o IRR (post-tax) of 49%

o 14-year mine life, which can be increased by additional drilling

o US$499/t operating cost (FOB Mombasa port), underlining one of the lowest cost graphite projects worldwide

o US$1,307/t weighted average sales price for basket of end-products

o Initial Capital requirement reduced by 23% from PEA 2021 to US$62M

o US$1.398 billion EBITDA delivered over life of mine, average US$100M EBITDA p.a.

o US$1.073 billion cumulative Net Cash delivered from project over life of mine

o 36,000tpa end-products as 96-97% LOI concentrates in year 1, ramping up in stages thereafter to 147,000tpa

o ~50% of end-product in higher value +100 to +50 mesh fractions

o Blencowe to apply for Free Trade Zone License (FTZL) in 2H 2022, which in turn will bring considerable advantages, including a 10-year corporate tax exemption

https://twitter.com/BlencoweRes/status/1581918038471081984?t=Jhzd6OBEhWzp-Yz3ZmsjBQ&s=35

In the note, First Equity Limited, using the new PFS numbers, have updated their risked valuation model, based upon a revised NPV8 of $482m for Orom-Cross and by applying a 30% development/resource, 50% finance and 25% country risk factors to derive an estimated £105.4m (prev. £43m) value.

A £105.4m risked graphite project value equates to a price per share of 59p, which is more than double their previous 27p target and represents an uplift of around 18 times from the current share price.

John wood confirms Interview will be out this morning

JW joined my TG group and has confirmed he has a interview with LSE tomorrow

News in the morning

https://twitter.com/Hydrogen_NI/status/1552977719188676608?t=0UgQRoOLUsR-RklvPs_TrA&s=35

Specific actions relating to hydrogen are set out in the Annex of Actions to the Plan and include testing the technical feasibility of safely injecting green hydrogen blends in the gas grid, assessing the potential for system integration between the electricity and gas networks, which will include the production, storage and use of green hydrogen, and progressing research and pilot studies regarding the use of hydrogen in the transport sector. There are also a number of other actions, such as those concerning renewable energy in the heat sector, where hydrogen is a relevant factor.

Further measures set out in the Plan include incentivising electrolyser production, developing storage capacity for long duration and seasonal storage of renewable energy, and co-location of electrolysers with renewable energy production infrastructure.

https://twitter.com/HarlandWolffplc/status/1572592787090178048?t=GLwey-RSEjOVzCvhFpZQuQ&s=35

20+ people entered my telegram group over the weekend

John week says he has a interview with LSE this week - no interview without news

It’s either gonna be Island Magee gas storage or a wind turbine contract

I don’t expect an update from the FSS until later this quarter

Should never have seen sub 10mil mcap - hopefully a substantial piece of news this week to turn the trend back up

If GBP do find a free carry partner to drill there 2.3bn barrel target - I’d expect a 40-80mil mcap on spud alone - then if they hit

From the current price everyone should have at least a small amount to hold and not touch

After

Nearly 20,000 tones at $80,000 - quoted below at 03:40 - $1.56bn before easy and shallow expansion shortly

https://youtu.be/0BgfhqT13bk

The REE starts at 7.5meters depth and it takes 20 minutes to drill to 50 meters through the clay - easy and cheap to extract and process

Alex Walker, East Star CEO, commented:

"Rare earth elements are classed by the UK as representing the highest global supply risk and the third highest UK economic vulnerability. We are therefore very pleased to extend our HREE footprint in the region by over tenfold and secure access to additional prospective ground for IAC hosted minerals - the same geology as the rare earths of South China on which the world currently substantially depends.

The size of the Talairyk deposit is already significant and could provide the scale required for feasibility work, however, considering the demand growth and lack of security of supply for rare earth elements, coupled with the location providing direct rail access to Europe via the Caspian Sea, growing the resource could make this deposit globally strategic."

https://twitter.com/EastStar_PLC/status/1551903660430573574?t=mzZot39l4YrZW_pQYTxQLA&s=19

Todays drilling announcement brought forward by months due to the head of governments support - a potentially globally strategic asset

novoe and Shabdah gold results due

H EM for the poly metals also due

Multibagger waiting to happen - bad market but the SP will catch up as we get concrete results - making the most of these prices before there gone.

Before

Alex Walker, East Star CEO, commented:

"The Talairyk project represents the exact reason East Star is focussed on Kazakhstan. There are very few places in the world where a company can find a project of this quality and potential and with this amount of data that has not undergone any work since 1994. The deal structure presents very little risk to East Star given no share-based payments are made until a significant amount of work is done. This will include re-drilling much of the existing deposit, extensional exploration and conducting initial leach test work. We have already begun the process to get all approvals for drilling and are very excited to start work to quickly advance this asset in the critical mineral space. The market dynamics for rare earths are extremely compelling, driven by the green energy transition and a desire to reduce dependence on China for supply.

We are also very excited to be working with Phoenix, our JV partners, whose principal shareholders include a highly experienced mining executive with existing gold production and several other exploration licences in Kazakhstan, and the Head of Natural Resources for a global law firm who was rated by 'The Legal 500' as the 'Leading Lawyer in Kazakhstan' in 2013 and 2014.''

The 11mil is a buy and the others look like sells to me.

Great day - first time .3 broken in well over 12 months and consolidating nicely at higher prices. Saying that, are mcap is still tiny compared to the size of the target, grades, partner and potential.

Smart money and those who understand grades buying before the next update from 16bn Major first quantum.

———

Wont be long when another super major JV on TYM Konkola Licence

One of the largest copper mine Konkola visable from Tertiary Minerals exploration licence WOW

Vedanta has pledged to invest $1.5 billion in reviving KCM

https://twitter.com/afzalvalli/status/1579846215570968576?s=21&t=sCoZhlnfaxbQAxM0nWS9Tg

https://en.wikipedia.org/wiki/Sentinel_mine

FQMs sentinel mine is 8kms away from TYMs 16km copper target - its the 20th largest copper mine in the world

Still just over a 3mil mcap - I can see a 10-20mil mcap as the collaboration develops - and possibly much more over time

If you read into the sentinel copper mine that FQM own you will see it only has a 12year LOM and with the company saying they are going to upscale operations in the area by spending $1.25 billion over the next 3 years it doesn’t take a genius to work out why they singed the agreement for the “Mukai” copper license a couple of weeks ago. The license is only 8km away from the open pit at sentinel. The 20th largest copper mine in the world.

Copper mineralisation has now been intersected over a strike length of 350m and remains open along strike and at depth.
Planning is now underway for further evaluation of the poorly tested historical copper anomaly that extends over a strike length of c.16km within the licence area.

3mil mcap - hitting commercial grades into a 16km copper target - 16.5bn partner

Field work finishes this week

Due an update from Navada

Tertiary first quantum technical meeting was last week and updates will follow

Really worth listening to the stock box interview to get up to speed here.

The market is still processing what a gamechanger the collaboration with 16bn major first quantum is for TYM, after hitting commercial copper grades into there 16km target - 8kms away from FQMs mine - 3ish mil mcap

No a spike but the beginning of a re rate

Navada update due

Field work from FQM due next week

Technical meeting with First Quantum was last week

Holding for bags as TYM develops the huge target with First quantum minerals

https://www.miningfeeds.com/first-quantum-minerals-tsxfm-and-tertiary-minerals-lontym-sign-technical-cooperation-agreement-to-increase-copper-exploration-in-zambia/?s=09

Highlights
Jack’s Licence underlain by Lower Roan Group stratigraphy, the major copper mine host rocks in the Central African Copperbelt (>2 Mt contained copper).
In June 2022 Tertiary completed an initial drill programme comprising four diamond drill holes for a total of 746m
Significant copper mineralisation intersected in all four diamond drillholes:
22JKDD01: 13.5m grading 0.9% copper from 77.5m downhole, including

3.0m grading 1.7% copper from 79.5m, and

3.5m grading 1.2% copper from 87.0m

22JKDD02: 7.0m grading 0.6% copper from 54.0m, and

3.0m grading 0.8% copper from 191.0m

22JKDD03: 6.0m grading 1.8% copper from 105.0m, including

4.0m grading 2.4% copper from 106.0m

22JKDD04: 14.0m grading 0.8% copper from 27.0m, including

2.0m grading 1.7% copper from 27.0m and

5.0m grading 1.0% copper from 35.0m.

Copper mineralisation has now been intersected over a strike length of 350m and remains open along strike and at depth.
Planning is now underway for further evaluation of the poorly tested historical copper anomaly that extends over a strike length of c.16km within the licence area.

TYM hitting commercial grades into a 16km copper target - 16.5bn Major partner in first quantum minerals Vs TYMs sub 3mil mcap - joint technical meeting was last week, field program will be finished this week - tiny mcap considering the sucess at a target that size and now a major partner that approached them - further updates to come ( also updates from Navada )

Iv followed TYM for years and watched them fail on previous assets and the SP slide to where we are.

They acquired the copper assets ruffly a year ago and have hit commercial grade copper into there 16km target. That’s why a 16.5bn Major approached them.

Highlights

Jack’s Licence underlain by Lower Roan Group stratigraphy, the major copper mine host rocks in the Central African Copperbelt (>2 Mt contained copper).
In June 2022 Tertiary completed an initial drill programme comprising four diamond drill holes for a total of 746m
Significant copper mineralisation intersected in all four diamond drillholes:
22JKDD01: 13.5m grading 0.9% copper from 77.5m downhole, including

3.0m grading 1.7% copper from 79.5m, and

3.5m grading 1.2% copper from 87.0m

22JKDD02: 7.0m grading 0.6% copper from 54.0m, and

3.0m grading 0.8% copper from 191.0m

22JKDD03: 6.0m grading 1.8% copper from 105.0m, including

4.0m grading 2.4% copper from 106.0m

22JKDD04: 14.0m grading 0.8% copper from 27.0m, including

2.0m grading 1.7% copper from 27.0m and

5.0m grading 1.0% copper from 35.0m.

Copper mineralisation has now been intersected over a strike length of 350m and remains open along strike and at depth.
Planning is now underway for further evaluation of the poorly tested historical copper anomaly that extends over a strike length of c.16km within the licence area.

They would have had the technical meeting with FQM this week.

3mil mcap before further developments

If you read into the sentinel copper mine that FQM own you will see it only has a 12year LOM and with the company saying they are going to upscale operations in the area by spending $1.25 billion over the next 3 years it doesn’t take a genius to work out why they singed the agreement for the “Mukai” copper license a couple of weeks ago. The license is only 8km away from the open pit at sentinel.

Tertiary, FQM partner to jointly explore two Zambian copper projects
https://www.mining-technology.com/news/tertiary-fqm-zambian-copper-projects/

Working with a 16.5bn mcap Major vs Sub 3mil mcap

"This is a key appointment for the Company as we ramp up our exploration in Zambia. Richard will be leading the collaboration with major Zambian copper producer First Quantum Minerals that we announced earlier this month.

We look forward to working with Richard and with FQM and to our first joint technical meeting with FQM which is due to be held next week."

"The announcement of this programme highlights the growing momentum of our exploration programmes in Zambia following the successful drilling programme at Jacks this summer and the recent announcement of our collaborative agreement with First Quantum Minerals."

Significant copper mineralisation intersected in all four diamond drillholes

· Copper mineralisation has now been intersected over a strike length of 350m and remains open along strike and at depth.



· Planning is now underway for further evaluation of the copper anomaly that extends over a strike length of c.16km within the licence area.

Zambian government looking to move to 3 million tons of copper output per annum from the current 800,000 over the next 10 years. ????

https://www.moneyfmzambia.com/2022/05/23/government-on-course-to-meet-3-million-tonnes-copper-production-economist/

There is rising market and investor interest in DLE, both in Bolivia and elsewhere, due to surging demand for battery-grade lithium salts, both in EVs, grid storage and other "Green Transition" requirements. If laboratory test-work results are satisfactory, we understand that Australian and other funding is available to build an on-site pilot plant to production test the Direct Lithium Extraction process.

Holding for the lithium - last placing was a premium