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Chariot
[[ Thanks to Malcy's blog
https://www.malcysblog.com/2022/06/flash-blog-wentworth-chariot-savannah-eco-atlantic/
]]
June 22, 2022
Chariot has announced its audited final results for the year ended 31 December 2021.
Transitional Gas:
Anchois Gas Development Project
· Successful drilling campaign of the Anchois-2 well, completed safely, on time and on budget delivering a significant gas discovery.
· An accelerated field development plan underway as the Company looks to progress the front end engineering design (“FEED”), ahead of the final investment decision (“FID”).
· Discovery exceeded expectations: 150m net pay confirmed across seven reservoirs, excellent quality and consistent dry gas composition which should enable a simple development.
· MoU on gas offtake and partnering signed with a leading international energy group
· Societe Generale appointed as financial advisor to lead the project financing.
· Collaboration / FEED agreement in place with Subsea Integration Alliance to progress the front-end design, engineering, procurement, construction, installation and operation of the development project.
· Management focussed on progressing towards material cashflows as quickly as possible.
Material upside potential:
· The drilling campaign also directly de-risked a material portfolio of prospects within the Lixus licence area.
· The Rissana Offshore Licence, Morocco was signed in February 2022 which surrounds the Lixus acreage and captures gas play extensions from the Anchois wells.
· Potential for multi Trillion Cubic Feet (“TCF”) volumes in deeper plays.
Transitional Power
Renewable Energy for Mining Projects
· Acquisition of AEMP completed in Q2 2021 with the AEMP team now fully integrated within Chariot’s Transitional Power business.
· Projects are developed in strategic partnership with Total Eren, a global renewable IPP focused on low-risk mining power projects in Africa.
· The partnership was extended in January 2022 to cover a three year period, with an option to extend for a further two years thereafter. Chariot has the right to invest between 15-49% into the co-developed projects.
· This partnership is building up a pipeline of African mining power projects and looking to collaborate on other non-mining energy projects and transactions across the continent.
· First project in operation, a 15MW solar project, at the Essakane gold mine in Burkina Faso, successfully generating material returns.
· Two more projects signed in the post-period and in development:
o An MoU signed for a 40MW solar PV project with Tharisa Plc, to provide power to its chrome and PGM operations in South Africa.
o Partnership in place with First Quantum Minerals to advance the development of a 430 MW solar and wind power project for its copper mining operations in Zambia – one of the largest renewable private sector energy projects in Africa.
Green Hydrogen – Project Nour
· Exclusivity awarded over licences to develop a large scale green hydrogen project utilising renewable power to split water through electrolysis.
· Recent Pre-Feasibility Study confirms that Mauritania is exceptionally well-placed for green hydrogen production due to its unique solar and wind resources and the project has the potential to produce some of the cheapest hydrogen in the world.
· Domestic benefits for Mauritania include providing baseload power to the national grid, diversifying industrial activities (e.g. green steel), promoting job creation and developing local infrastructure with the potential to have a significant impact on GDP.
· Framework Agreement in place which defines the terms and guiding principles to pave the way for the in-depth feasibility study that will be undertaken over the next 24 months.
· Optimising project fundamentals through reducing acreage position to 5,000km² therefore allowing for a more focused scope
· MoU signed with the Port of Rotterdam International, a global energy hub and Europe’s largest seaport which represents a first step towards establishing supply chains.
· Partnering process underway with the objective to form a world class consortium.
Other licences
· Whilst fully written down, Chariot has retained its interest in its licences in Brazil with no work commitments going forward and will host datarooms for interested parties as required.
· The Central Blocks in Namibia have expired but Chariot retains a 10% back in right in the Southern Blocks as a low risk future option.
Corporate
· Further to the successful equity fundraising of US$25.5m and $4 million Open Offer announced in June 2022, the Company is well financed to take the Anchois Gas Project through to FEED and FID, in addition to progressing the Company’s wider asset portfolio.
· Oversubscribed equity fundraising completed in December 2021.
o Year end cash position as at 31 December 2021 of $19.4 million with no debt and minimal remaining work commitments.
· Senior leadership team fully aligned with shareholders, with the Board owning 9.57% of the shares in issue following June 2022 fundraising.
Outlook
Chariot is focused on:
· Delivering prompt FID on the Anchois gas development
· Progressing towards production and material cashflows from Anchois as quickly as possible.
· Strategic partnering in Morocco to accelerate growth from a portfolio of high value, low risk upsides
· Further development of the pipeline of Transitional Power projects.
· Evaluation of further value-accretive new ventures in line with the Company’s focus on the theme of energy transition.
Adonis Pouroulis, Acting CEO of Chariot commented:
“During what has been a turbulent macro environment since the onset of the COVID-19 pandemic, I am very proud of the progress we have made across the business over the past year, as we continue to establish our transitional energy platform within Africa. Our mission is to create value and deliver positive change by investing in projects that are driving the energy revolution and we are fully committed to executing our plan. Through progressing and accelerating our gas development offshore Morocco we are looking to provide a gas hungry market with domestic supply; through our renewable power projects we are materially reducing the carbon emissions of mining operations in Africa and with our acreage in Mauritania, we are progressing what has the potential to be one of the world’s largest green hydrogen projects and a key source of green energy in the future.
As a nimble and entrepreneurial team, we will also continue to leverage our network and utilise our expertise to seek out new ventures where we can play a key role and that fit within our ethos and strategy. We are excited about the potential that sits within our current portfolio, as well as opportunities that the future holds. We look forward to our ongoing progression and evolution as a company and we thank our shareholders for their ongoing support.”
A very much in line with expectations set of results today with nothing that wasn’t already in the market. CEO Adonis Pouroulis is very confident and so he should be.
If true that really, really surprises me.
FIREWEED ZINC MOBILIZES FIELD CREWS FOR $10M DRILL PROGRAM AT MACMILLAN PASS
June 20,2022
Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed†or the “Companyâ€) (TSXV: FWZ; OTCQB: FWEDF; FSE: 20F) is pleased to announce that the first field crews have been mobilized to the Macmillan Pass Property, in Yukon, Canada to prepare for a large 2022 drill program. Significant improvements are being made to the camp to support the four-rig 2022 program. Diamond drilling, core scanning, and a muon tomography survey will begin in the coming weeks after the access road opens.
Highlights
- This will be Fireweed’s largest drill program to date with 8,000 m of diamond drilling planned.
- Two-thirds of the metres will be step-out and infill at Boundary Zone and Boundary West with the remaining metres split between Tom and Jason targeting high-grade step-out and infill holes.
- All 2022 core plus core from previous programs and historical core will be scanned using advanced hyperspectral scanning technology.
- Muon detectors will be deployed at Boundary West to effectively target step-outs and help define the geometry of the recently discovered zones of massive and high-grade laminated sulphide.
- Field crews will also be conducting due diligence and validation work at the adjacent Mactung Tungsten Project in the coming months in preparation for the planned Mineral Resource update and PEA economic study
V.P. Exploration Statement
Gilles Dessureau, V.P. Exploration, stated “We are very excited to start our 2022 season. It will be the largest and most ambitious program ever carried out by Fireweed at the Macmillan Pass Project. We are also excited to use innovative new technologies, such as muon tomography and hyperspectral imaging to guide exploration. The main objectives of the 2022 field program will be to define and expand the known mineralized zones toward an updated mineral resource study this winter followed by an updated preliminary economic study.â€
Read more at:
https://mailchi.mp/fireweedzinc/press-release-6097923?e=59d37eddfe
COMMISSIONING COMMENCES AT VITAL’S SASKATOON RARE EARTH EXTRACTION PLANT
- Commissioning at Vital’s Saskatoon Rare Earth Extraction Plant commences, with ore fed into the dense media separation (DMS) unit
- Commissioning and ramp-up of the Saskatoon Plant will occur over two distinct phases: the product qualification phase before the throughput ramp-up phase commences
- Initial focus is production of 2.5 tonnes of rare earth carbonate at specification for delivery to offtake partner REEtec in accordance with agreed qualification protocols
- Vital is targeting delivery of this product to REEtec in October 2022
- Phase 2 of plant commissioning will then commence with throughput ramp-up and associated contract deliveries to REEtec
- Saskatoon facility will process rare earth ore mined at Vital’s Nechalacho project in Northwest Territories, Canada
- Vital expects to ramp up production volumes at Saskatoon through two stages:
- - Stage 1 throughput capacity of 1,000t/yr REO (ex-cerium), equivalent to 470t/yr NdPr
- - Stage 2 capacity of 2,000t/yr REO (ex-cerium), equivalent to 940t/yr NdPr
- Vital will supply REEtec with 750t/yr NdPr – or 75% of Saskatoon’s Stage 2 capacity
Canada’s first rare earths producer Vital Metals Limited (ASX: VML l OTCQB: VTMXF) (“Vitalâ€, “Vital Metals†or “the Companyâ€) is pleased to announce it has commenced feeding ore into a dense media separation (DMS) plant as part of commissioning its rare earth extraction facility in Saskatoon, Saskatchewan, Canada.
Vital will commission the Saskatoon facility incrementally over coming months with plans to produce a 2.5t rare earth carbonate sample for offtake partner REEtec Ag as the nextstep of product qualification. Vital is processing ore from the Company’s Nechalacho operation in Canada’s Northwest Territories, where mining commenced in mid-2021.
Vital Metals Managing Director Geoff Atkins said: “This is an exciting step for the Company as we continue our transition from rare earth developer to operator. We have been a rare earth miner for more than 12 months and now we can commence production of rare earth carbonate. We are excited to have reached this milestone at Saskatoon despite the challenges surrounding supply chains and logistics across the world.
“We are targeting to produce 2.5t of carbonate for REEtec as an important step of our production qualification process before we commence ramping up our volume. We are forecasting for this to occur in October 2022.â€
To read more goto:
https://vitalmetals.com.au/investor-centre/asx-announcements/
click on the June 16 announcement.
Thanks chico for the Repost of Jims Response on 5/27/22, very interesting. I found out over my career ... The other guys job appears to be easy and straight forward, until you get into the details and fine print !!
Yes NCT "Now, all we have to do is hope that our financing comes along to push our SP higher so that we can take advantage of the 'Brandon Fire Sale' on great US Equities...." Thaaaaaat would be nice.
Yes definitely looking good
Eco (Atlantic) Oil & Gas
[[Thanks to Malcy's blog https://www.malcysblog.com/2022/06/oil-price-eco-atlantic-sdx-and-finally/
An Africa Oil invested company
]]
June 14, 2022
Eco, and JHI Associates Inc. have mutually agreed that Eco will no longer proceed with the proposed acquisition of the balance of the issued share capital of JHI not currently held by it. JHI holds a 17.5% participating interest in the Canje Block offshore Guyana.
While all the main commercial points were agreed upon in keeping with the Commercially Binding Term Sheet announced on 14 March 2022 (including the proposed issuance of 127m new common shares of Eco to JHI shareholders), it was not possible to agree on the terms of lock-up arrangements required by Eco, designed to restrict and control any subsequent immediate sale of the consideration shares to be issued to the shareholders of JHI, to provide Eco Atlantic’s shareholders with the appropriate levels of protection in such a transaction. As a result, the Board of Eco Atlantic has decided not to progress with the acquisition at the current time.
Gil Holzman, Co-Founder and CEO of Eco Atlantic commented:
“With the exclusivity period of our JHI negotiations ending last night, we have terminated the JHI proposed acquisition. We are unable to proceed without the appropriate protection for our shareholders that such lock-up arrangements were designed to provide. We look forward to remaining a significant shareholder in JHI with over 7% of the company and, as such, retain exposure to the potential of the Canje Block. We wish the JHI management the best of luck in growing and monetizing the business to benefit all shareholders. Notwithstanding termination of discussions, we and JHI may re-evaluate the proposed acquisition at a future date.
We look forward to commencing our drilling campaigns planned in the prospective Block 2B in South Africa and Guyana this year and providing further corporate updates as appropriate.”
Always a danger sign when existing directors don’t want to lock-up their shares in a takeover so in my view huge congratulations to the Eco board for calling their bluff and walking away. They have been prepared to avoid any potential collateral damage to shareholders which would happen if they took the risk of the JHI directors knocking out stock ahead of the Gazania spud in September with the dilution risk that would present.
With the combination of a stake in the Canje through the existing holding in JHI, the recent successes in South Africa and the exciting corporate actions increasing Eco’s exposure down there I’m glad the board took the decision they did and of course probably told the JHI directors that they know where to find them should they change their minds…
APPIA ANNOUNCES 2021 ASSAY RESULTS AND DISCOVERY OF A SIGNIFICANT NEW MINERALIZED ZONE AT ALCES LAKE RARE EARTH PROPERTY, NORTHERN SASKATCHEWAN
TORONTO, ONTARIO, June 1, 2022 - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE:API, OTCQB:APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is pleased to announce complete WRCB assays results from its 2021 drilling program and the discovery of a massive new rare earth element (“REE”) -bearing zone in the WRCB area of the 100%-owned Alces Lake high-grade rare earth elements and gallium property, Athabasca Basin area, northern Saskatchewan. Further assay results from 2021 drilling in the Western Anomaly area of the Alces Lake claims block will be released in the near future. The complete assays results are available in Table 3 by clicking on this link.
Highlights:
- Wilson 21-WRC-014 intersected 15.81 wt% TREO over a drilled width of 3.67m within a broader interval of 6.99m @ 11.70wt% TREO (see Table 1)
- Wilson 21-WRC-016 intersected 24.30 wt% TREO over a drilled width of 1.93m within a broader interval of 3.19m @ 15.38wt% TREO AND 17.85 wt% TREO over a drilled width of 2.69m within a broader interval of 11.6m @ 5.71wt% TREO (see Table 1)
- Richard 21-WRC-053 intersected 17.12 wt% TREO over a drilled width of 1.08 metres within a broader interval of 4.29m @ 5.19 wt% TREO (see Table 1)
- High grade, at or near surface mineralization at WRCB now correlated along strike length for 100 metres
- New discovery of the AMP zone, which is continuous from surface to a down plunge extent of 300 metres and remains open. - The true width of the mineralized zone is known to exceed 10 metres
Frederick Kozak, President of Appia said “The wait for the assay results was worth it. Appia has identified the continuity of the WRCB shallow high-grade mineralization with a strike length of approximately 100 metres and consistently strong assay values. However, the new discovery of the massive AMP zone from surface to depth has revealed it is large and continuous across all of the WRCB area and open along strike within the NNW-trending kilometre-scale structural corridor. This could be a blockbuster for future rare earths production, as Appia continues to move the Alces Lake rare earths discovery towards potential development.”
Goto website for more info, maps & graphics.
APPIA PROVIDES 2022 DRILLING UPDATE FOR WRCB AND AUGIER AND
CONFIRMS CONTINUITY OF VERY SIGNIFICANT AUGIER DISCOVERY AT ALCES LAKE RARE EARTH PROPERTY, NORTHERN SASKATCHEWAN
TORONTO, ONTARIO, June 14, 2022 - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE:API, OTCQB:APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is pleased to provide an update on 2022 drilling, particularly related to the new discovery zone at Augier, on the 100%-owned Alces Lake high-grade rare earth elements (“REE”) and gallium property, Athabasca Basin area, northern
Saskatchewan..
Highlights:
- Program total of 54 holes drilled so far in 2022 with a total of 10,047 metres drilled in less than
10 weeks – congratulations to the Alces Lake team!
- Expansion of WRCB area along strike to the southeast with no boundary found to date
- Total of 24 holes drilled in 2022 on the Augier discovery confirm a thick zone of anomalous
radioactivity in REE-bearing pegmatite. Delineation drilling is continuing
- Augier discovery is a potential AMP zone look-alike – waiting on assay results to assess.
Frederick Kozak, President of Appia said “The Augier discovery is a significant rare earth-bearing zone within what appears to be a continuous km-scale geological structure. It is massive – the radiometric anomaly is 300 metres in strike length and 175 metres wide. The mineralized interval is up to 70 metres in drilled width and has been intersected over 100 metres down dip. So far, the zone is open to the NNW, SSE and down-dip, it has no boundaries and it outcrops at surface. We eagerly await the assay results to determine just how big a REE discovery we have made.”
Goto website for more info, maps & graphics.
I wish the company would make the announcement available through Mailchimp.
Thanks AO for posting Jim's response.
Thanks for the link.
Yes the new presentation (June 2022) is very good. A third of the slides mention REEs, when you consider the boilerplate stuff and appendix maybe half of the meat and potatoes slides mentioned REEs.
Mark's video of June 8th (
Thanks for posting the link. Looks like this will pay off eventually
Kodiak Provides Update on 2022 Exploration Program at MPD Copper-Gold Porphyry Project in Southern British Columbia
June 10, 2022 – Vancouver, British Columbia – Kodiak Copper Corp. (the “Company†or “Kodiakâ€) (TSX-V: KDK, OTCQB: KDKCF, Frankfurt: 5DD1) today provides an update on its fully funded 2022 exploration program at its 100% owned MPD copper-gold porphyry project (“MPDâ€) in Southern British Columbia.
Plans for 2022 include up to 25,000 metres of drilling as well as 3D IP surveying and soil geochemical sampling. Kodiak recommenced drilling at MPD in March and added a second drill rig shortly thereafter (see news release dated April 28, 2022). The program is progressing well. Highlights so far include:
- New drilling in 2022 at the Gate Zone has intersected prospective, sulphide-bearing, porphyritic host rock between Gate and the historic Prime Zone to the north, and to 875 metres depth at the south end of the Gate Zone (see Figure 1). Gate remains open in multiple directions and further drilling in 2022 will focus on extending it.
- Drilling is on schedule and the Company has completed 11 holes totalling 7,065 metres as of June 8. Both drill rigs are currently focused on extending the Gate Zone. Drills will be redeployed or additional drills added to other priority areas as the 2022 program progresses.
- Core samples are being shipped to ALS Canada Ltd. in North Vancouver, BC for preparation and final analysis. Assay results from the 2022 drilling will start being reported in late June.
- 2022 drilling will also test numerous other priority target areas, including a new one kilometre long "look-alike" 3D Induced Polarization (IP) response near Gate, and high-priority targets in the Prime, Man, Dillard and Axe areas which exhibit similar geophysical and geochemical signatures as the Gate Zone as well as shallow mineralization from historic drilling.
- A new 3D IP geophysical survey is underway that will cover 7.5 square kilometres, extending southward from the Gate Zone to the Man and Dillard target areas (see Figure 2). Similarly, soil geochemical surveys will follow-up new kilometre-scale copper-gold anomalies discovered in 2021 (see news release February 3, 2022). 3D IP and soil geochemistry will be important complementary tools for drill targeting elsewhere at MPD.
Claudia Tornquist, President and CEO of Kodiak said,
“We are excited to already see potential to further expand the high-grade Gate Zone in just the first few months of the 2022 drill campaign. New and deeper 3D IP geophysical data will not only allow us to refine our drilling at Gate, but will also accelerate our targeting at the Man, Dillard and Axe areas which are slated for drilling this season and have the potential for new high-grade discoveries. We also anticipate that our systematic exploration will recognize completely new target areas at MPD . Kodiak is fully funded for the company’s 2022 exploration program and our shareholders can expect a steady flow of results throughout the remainder of the year."
Read more & view graphics at:
https://mailchi.mp/kodiakcoppercorp/kodiak-provides-update-on-2022-exploration-program-at-mpd-copper-gold-porphyry-project?e=deae6f700f
Metals Creek Drills Multiple High-Grade Intercepts including 36.21 g/t Gold over 2.47 Meters in Hole DL22-029 at Dona Lake
June 9, 2022
- 3 High-Grade intercepts with associated VG
- New High-Grade Discovery within Quartz Vein
Thunder Bay Ontario, June 09, 2022 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce additional diamond drill results from drill holes DL22-029, 030 and 031 of the phase III diamond drill program at the Dona Lake Gold project (See News Release November 08, 2021).
Hole DL22-029 continues to demonstrate the continuation of high-grade gold mineralization within the main zone stratigraphy, below the 455 level of the past producing Dona Lake Gold mine (See Figure 1, Schematic Long Section and Figure 2, Schematic X-Section). Hole 029 intersected the Main Zone stratigraphy 499 meters below surface and returned a core length intercept of 11.80 grammes per ton (g/t) gold (Au) over 3.66 meters(m) (539.47-543.13m). This was a part of a broader zone of mineralization of 6.38 g/t Au over 11.33m (531.80-543.13m). Mineralization was hosted within a silicate sulfide iron formation with 0.5 to 25% pyrrhotite and local pyrite with associated grunerite and garnets. Visible gold was noted in this intercept. A second zone of mineralization was intercepted 516m below surface, which returned a core length intercept of 36.21 g/t Au over 2.47m, (558.63-561.10m). This second zone of mineralization is also within the main zone stratigraphy and is separated from the noted intercept above by 11m of felsic dike material. It is hosted within a moderately foliated and chloritized iron formation with 1-20% pyrrhotite and 2-10% pyrite. Visible gold was also noted in this intercept.
A third zone of high-grade gold mineralization was intercepted 54m east (in the hanging-wall) of the main zone iron formation within quartz stockwork returning a grade of 67.10 g/t Au over 0.28m (470.35-470.63m) (See Figure 2, Schematic X-Section). This high-grade veining was intercepted 435m below surface and is hosted within sheared mafic volcanic adjacent to an intermediate dike. Significant visible gold (30 specks) was observed in association with moderate alteration consisting of sericite and 1-2% disseminated pyrite.
Select pieces of drill core from DL22-029 will be available for viewing at MEK booth # 2640 during PDAC, 13-15 June, 2022 .
Two additional holes were drilled testing peripheral iron formations outside the Dona Lake mine stratigraphy. These holes were planned to better define the orientation and composition of these iron formations. Hole DL22-030 tested the northwest iron formation (See attached Figure 3, Drill Hole location map) returning a core length intercept of 0.66 g/t Au over 9.10m (71.00–80.10m). Mineralization was hosted within silicate-oxide iron formation with trace to 3% pyrrhotite. Hole DL22-031 returned no significant results (NSA) within a chert rich iron formation with local seams of massive pyrrhotite. This hole was drilled east of the Dona Lake mine.
Go to web site for more info.
I like it
- Many, many slides about RREs (~11/33 or 33%).
- Image (plan view, slide 21) of the project shows
- - Large size of the Carbonatite Boundry
- - "Initial Operational Footprint" - Less than 10%of the above
- - "Initial ore volume to be mined is estimated by me to be about 20% of the "Initial Operational Footprint"
- - Remember from previous reports the ore body is open
- - - in 2 directions
- - - at depth
NO ONE REALLY KNOWS HOW MUCH SALEABLE MATERIAL IS DOWN THERE!!!
Thanks for the link.
Fireweed Zinc Acquires Mactung Tungsten Project Expands Critical Minerals Portfolio
June 7, 2022
Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF; FSE: 20F) is pleased to announce the signing of a binding Letter of Intent (LOI) for the acquisition of 100% interest in the Mactung Tungsten Project located in Yukon and Northwest Territories, Canada, immediately adjacent to its Macmillan Pass Zinc-Lead-Silver Project.
Highlights:
- Mactung is one of the largest and highest-grade tungsten deposits in the world and one of the few potential sources of scale for this critical metal outside of China.
- Approximately 38,000 m of historic drilling1 outlined a large, high-grade tungsten resource and produced a positive historic feasibility study2.
- Mactung is located within the traditional territories of the Kaska Dena and First Nation of Na-Cho Nyäk Dun, and the Sahtú Settlement Area.
- Fireweed hold a right to a 100% interest in the Mactung project through a binding LOI with the Government of the Northwest Territories (“GNWT”).
- The Mactung deposit is 13 kilometres north of Fireweed’s Tom deposit and is also accessible by the North Canol Highway providing potential for future synergies.
Read more at:
https://mailchi.mp/fireweedzinc/press-release-6095859?e=59d37eddfe
As an engineer with a nuclear background the shutting down of a nuclear CARBON FREE ENERGY PRODUCING plant is in IMHO pure insanity.
The scare about nuclear power and the material disposal is pure politics as is the rejection of the Yucca Mtn storeage.
From the PR " ... this carbonation step can produce a calcium and magnesium product that is 96%-97% pure. ... NioCorp intends ... to investigate its potential as a saleable byproduct"
Hmmmmmm maybe i can get my daily Ca & Mg pills from NioCorp Pharma.
chico, that video is a nice find, thanks for posting.
PM I think those are 2010 & 2012 references, probably not relevant in today's economic and political situation.
walterc, thanks for posting the transcript. Any chance that there is a link to the audio?
The "In Gold We Trust" report 2022 has been published!
Jun 6, 2022
Good Morning,
We would like to share with you the 2022 In Gold We Trust report authored by Mr. Ronald-Peter Stoeferle and Mr. Mark J. Valek. Our appreciation goes out to the authors and partners (which includes our JV partner Tudor Gold) for their contributions to a publication of this size.
"Each year we undertake a comprehensive macroeconomic analysis and examine the trends of the present, learn from the past with an eye on the future. To understand them, fundamental workings of the financial and economic system must be explored and critiqued."
For link goto:
https://mailchi.mp/4e6f6626b30a/new-treaty-creek-report-4754558?e=6f11d69fd1
Thanks for posting that link rubberworm
I agree ..." I would have thought/hoped that the “first” company Mark wants to finance this mine " would be pulling the trigger now.
I wonder what the earlier term sheet listed as issues to be resolved.
cute clip chico, I certainly needed a laugh to end the week.
Thanks that was a very interesting link.
Appia Announces 2021 Assay Results and Discovery of a Significant New Mineralized Zone at Alces Lake Rare Earth Property, Northern Saskatchewan
TORONTO, ONTARIO, June 1, 2022 - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE:API, OTCQB:APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is pleased to announce complete WRCB assays results from its 2021 drilling program and the discovery of a massive new rare earth element (“REE”) -bearing zone in the WRCB area of the 100%-owned Alces Lake high-grade rare earth elements and gallium property, Athabasca Basin area, northern Saskatchewan. Further assay results from 2021 drilling in the Western Anomaly area of the Alces Lake claims block will be released in the near future. The complete assays results are available in Table 3 by clicking on this link.
Highlights:
- Wilson 21-WRC-014 intersected 15.81 wt% TREO over a drilled width of 3.67m within a broader interval of 6.99m @ 11.70wt% TREO (see Table 1)
- Wilson 21-WRC-016 intersected 24.30 wt% TREO over a drilled width of 1.93m within a broader interval of 3.19m @ 15.38wt% TREO AND 17.85 wt% TREO over a drilled width of 2.69m within a broader interval of 11.6m @ 5.71wt% TREO (see Table 1)
- Richard 21-WRC-053 intersected 17.12 wt% TREO over a drilled width of 1.08 metres within a broader interval of 4.29m @ 5.19 wt% TREO (see Table 1)
- High grade, at or near surface mineralization at WRCB now correlated along strike length for 100 metres
- New discovery of the AMP zone, which is continuous from surface to a down plunge extent of 300 metres and remains open. The true width of the mineralized zone is known to exceed 10 metres
Frederick Kozak, President of Appia said “The wait for the assay results was worth it. Appia has identified the continuity of the WRCB shallow high-grade mineralization with a strike length of approximately 100 metres and consistently strong assay values. However, the new discovery of the massive AMP zone from surface to depth has revealed it is large and continuous across all of the WRCB area and open along strike within the NNW-trending kilometre-scale structural corridor. This could be a blockbuster for future rare earths production, as Appia continues to move the Alces Lake rare earths discovery towards potential development.”
Sorry can't seem to provide a link to the rest of the PR.
Thanks monocle for posting that link.
AFRICA OIL SHARE CAPITAL AND VOTING RIGHTS UPDATE
VANCOUVER, BC, May 31, 2022 /CNW/ - (TSX: AOI) (NASDAQ Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", or the "Company") reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. View PDF
As a result of the exercise of stock options under the Company's Stock Option Plan, the Company now has 477,192,632 common shares issued and outstanding with voting rights as at May 31, 2022.
About Africa Oil
Good Morning,
JS Research has published another due-diligence report about Treaty Creek and we are passing it along to our shareholders and people following our company.
Our team here at American Creek are very excited for the phase 1 program and the consistent news flow of assay results.
For link go to:
https://mailchi.mp/c24d7cf19f09/new-treaty-creek-report-4754562?e=6f11d69fd1
It sure would be interesting to learn what requirements needed to be met in order to proceed that were included in the original term sheet.
Re-reading it and then reading the papers about the Ukraine I realized that I should have put something in about Titanium
I read somewhere that Airbus and Boeing are both heavily dependent on Russian sources of for their Titanium (if memory serves close to 50%). Depending on the purity and form NioCorp can provide they may be able to negotiate an off-take.
Why I like the NioCorp’ Elk Creek Project
In My Opinion everything seems to be much more positive than negative.
POSITIVE FACTORS
The May 18, 2022 Press Release (PR) announcing the revised 2022 Feasibility Study (FS 2022) was entitled “NioCorp’s Elk Creek Project Confirmed as the Second Largest Indicated-Or-Better Rare Earth Resource in the U.S.”
https://www.niocorp.com/niocorps-elk-creek-project-confirmed-as-the-second-largest-indicated-or-better-rare-earth-resource-in-the-u-s/
- The FS 2022 does not include rare earth (REE) production
- The FS 2022 shows, without REEs, an improvement over FS 2019.
- - 12.0% Improvement in the After-tax NPV to $2.35 billion
- - 6.9% Improvement in the After-Tax IRR to 27.6%
- - 5.8% Reduction in the After-Tax Payback Period to 2.69 years
- - 9.7% Improvement in the Annual Operating Cash Flow to $0.337 billion
- The FS 2022 produces positive values for all of the normal economic variables .
- The FS 2022, without REEs, is a valid project as presented.
- - 50% of Niobium is covered by an off-take with ThyssenKrupp Metallurgical Products, a major metal industry trading entity.
- - 25% of Niobium is covered by an off-take with Commercial Metals Company, a major metal industry trading entity.
- - 25% of Niobium is covered by a memo of understanding with a major US Based steel producer.
- - - - Essentially 100% of Niobium first 10 years of production is covered by off-takes.
- - 10% of Scandium is covered by an off-take with Traxys North America a major metal industry trading entity. This entity has expressed interest in receiving a larger percentage.
- - - - That 10% represents approximately 10 percent of NioCorp’s planned annual production of Scandium, and is about one years equivalent of current world consumption of Scandium.
- - - The off-take agreements, which include information about quantity and pricing have been in place for a number of years and throughout the preparation and release of three Feasibility Study documents. The agreements are still in place and apparently the quantity and pricing levels are acceptable.
- The FS 2022 is based on:
- - Tried and industry proven mine construction, ore extraction and processing technology.
- - Tried and industry proven solvent extraction technology for our Nb-Sc-Ti products.
- The project is fully permitted, construction can start immediately after financing is committed.
- The mine will produce elements that are in the top 10 element list of “US Critical Minerals”
- The project is:
- - The second largest source, by far, of Niobium in the world.
- - The largest source of Scandium in the world, producing about 10 times the
current world annual supply.
- The mine is underground, minimal if any environmental and air problems.
- The mine is on private land
- The volume of ore that is included in the FS 2022 is a low percentage of the total carbonatite ore mass that has been detected.
- NioCorp has options to purchase the land above the total ore mass.
- The potential ore body is open in two directions and at depth, no one really knows how much Nb-Sc-Ti-REEs is down there.
- There are no radioactive elements in the ore.
CONDITIONAL POSITIVE FACTORS
- A decision to extract and separate key Rare Earth Elements (the high strength permanent magnet elements) into elemental metals has not yet been made.
- - When such a decision is made NioCorp will release a further revised Feasibility Study.
- If a decision is made to include the key Rare Earth Elements
- - The REE separation facilities may be the only such facility in the United States, making the project a REE source that is totally independent of China.
- - REEs will be produced as by-products of the Nb-Sc-Ti processing. As such their pricing will be less susceptible to REE price volatility and manipulation.
- Demonstration of changes in certain of the ore processing activities are being done by L3 that, if they prove out, may require changes to the processing of the ore specifically to produce the REEs and would:
- - allow NioCorp to produce some Nb-Sc-Ti-REEs products to a purity level and in a form that would put some of the products in the “specialty chemicals” category which carry higher prices than commodity chemicals.
- - change the OPEX values
- - change the CAPEX values
- - change the REVENUE values
- - - No decision to include REEs into the project will be made unless the changes generate a positive return on investment (ROI) evaluation.
NEGATIVE FACTORS
- The improvement in the economic values from FS 2019 to the current FS 2022 may not be considered significant by the financing entities and the project is not financed.
- A decision to not include REE in the project IS NOT a “kiss of death” negative factor.
CONCLUSION IMO
- The FS 2022, without REEs or changes developed by L3, is a valid project as presented.
Partnering with Ucore in USA.
Vital Metals Limited
Canada’s first rare earths producer Vital Metals Limited (ASX: VML l OTCQB: VTMXF) (“Vital”, “Vital Metals” or “the Company”) is pleased to share its company presentation for May 2022.
To get the link go to:
https://mailchi.mp/c175da8cfd2c/march-2022-quarterly-activities-and-cash-flow-report-11795312?e=080567558f
Vital Metals Limited
Canada’s first rare earths producer Vital Metals Limited (ASX: VML l OTCQB: VTMXF) (“Vital”, “Vital Metals” or “the Company”) is pleased to share its company presentation for May 2022.
Offtake agreements and partnering with Ucore in USA.
To get the link go to:
https://mailchi.mp/c175da8cfd2c/march-2022-quarterly-activities-and-cash-flow-report-11795312?e=080567558f
Yes you 34 min mark is correct "I heard him say 22 months to getting first ore, and then maybe 11 months to ramp up to full production"
.
Scott Honan has said a number of times that he is chomping at the bit to start drilling into the carbonatite ore body once the shaft gets down to the ore body level. He wants to drill in all directions of the compass as well as down to find out just how big and rich the deposit is. I think "knocking your socks off" may be an understatement.
Even before I read jwr's post #80533 I was mentally going through the steps and figured maybe Labor Day (early Sept) before a financing announcement. jwr estimates Oct 1st so we are both in the late Summer or early Fall 2022 ballpark.
I suspect that keeping the banks/investors in the loop about the demonstration work and results every couple weeks, per MS's comments, will be food to their staffs economic models (which may be as extensive as NioCorp's) and a final decision for the cornerstone investor/banker may come before the final FS 2022.1 is released. Or maybe it is verbally discussed but the formal FS 2022.1 must be issued before a legally binding signature is on paper.
Based on the video I suspect that the updated NI 43-101 may forthcoming in early or mid summer. Certainly IMO the data in the May 18th PR and its Table 5 of the Appendix provide much, if not all, of the data the modelers need.
It sounds like even though MS has options A, B, C, D, and E he still would like to have the entity he liked a few years ago (has it really be a few years) finally get the last components of its package to say GO. Maybe it is the 80% Debt Option.