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American Creek's JV Partner Tudor Gold Commences Drilling at Perfectstorm Zone and Provides Update at Treaty Creek Property, Golden Triangle British Columbia
Cardston, Alberta--(Newsfile Corp. - September 28, 2023) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation" or "American Creek") is pleased to announce that project operator and JV partner Tudor Gold ("Tudor") has commenced drilling at the Perfectstorm Zone as part of the ongoing 25,000-meter (m) diamond drill program (the "Program") at Treaty Creek (the "Property"), situated in the heart of the Golden Triangle in northwestern British Columbia. Since the beginning of this year's Program, Tudor has successfully completed over 10,000 m of drilling, including infill and step-out holes within the area that encompasses the Goldstorm Deposit.
Tudor Gold currently has six drill-rigs in operation with four of these drill-rigs continuing to target mineralization at the Goldstorm Deposit. An additional drill rig was mobilized to test the northeastern extents of the Goldstorm Deposit, while the 6th drill rig is focused on the Perfectstorm Zone.
For a visual representation of the drill hole locations at Goldstorm, please click to see the Goldstorm Deposit plan map.
Ken Konkin, Tudor Gold's President and CEO, commented: "We are very excited to begin drilling at Perfectstorm, which is positioned equidistant between Tudor Gold's Goldstorm Deposit and Seabridge Gold's Iron Cap Deposit (click to see Treaty Creek Property Map). Drilling at Perfectstorm will build upon the progress made through previous initial drilling of six wide-spaced drill holes spanning a strike length of 1.3 kilometers. These holes successfully intercepted substantial widths of favorable gold, silver, and copper mineralization. Notable results include hole PS-21-06, which encountered 118.6 m averaging 0.66 g/t gold. These results include an uppermost portion averaging 0.84 g/t gold over 59.9 m. Given that only a small portion of the targeted magnetic anomaly has been explored at Perfectstorm, there is immense potential for a significant expansion of the mineralized area, thus making it a valuable addition to the Treaty Creek Project. The first of several planned drill holes will be collared at least 400 m west and west-northwest of PS-21-06 over the best surficial gold-geochemical rock sample results obtained from our last two years of surficial mapping and sampling programs (click to see the Perfectstorm plan map and cross-section).
"Additionally, the drilling program at the Goldstorm Deposit has progressed exceptionally well this season. Several early 150 to 200-m step-out holes in the northern and northeastern area have intersected substantial sulphide and sulfosalt mineralization. As a result, the technical team has decided to construct new drill pads up to 300 m to the northeast, to target the potential extension of the deposit with the fifth drill rig. The expansion of the CS-600 and DS5 domains in this direction indicates further growth opportunities for the project as we are now drilling at full capacity with all six drill-rigs."
Tudor will provide results from the Program once the final assays are received and compiled.
Read more and view graphics at:
https://us5.campaign-archive.com/?e=6f11d69fd1&u=af629dcbbf88a5932a7e484e3&id=94b323c761
Appia Provides Update on its Extensive Drilling Program at its PCH Ionic Clay Project, Brazil
TORONTO, ONTARIO, September 28th, 2023, - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE: API) (OTCQX: APAAF) (Germany: “A0I0.F”, “A0I0.MU”, “A0I0.BE”) is pleased to provide an update on the progress of its ongoing drilling program to outline the extent of the mineralized zone at Target IV on its PCH Iconic Clay Project in Brazil. To date, the Company has processed and sent 2,255 samples for analysis, from both the Reverse Circulation (RC) and Auger drill programs, and expects to release results in the near future.
Summary:
Completed 232 drill holes for a total of 2847.5 metres, of which:
Reverse Circulation drilling: 147 holes totaling of 2,019 metres.
Auger drilling: 84 holes totalling of 585 metres.
Diamond drilling - Completion of 243.50 metres.
Logging and sampling is ongoing, and currently, 2,255 samples have been sent to SGS Geosol laboratory for assaying.
“The reverse circulation (RC) drilling has averaged roughly 13 metres depth, often exceeding 20 metres depth and encountering clayey materials in the majority of holes. Auger sampling, on the other hand, has an average depth of about 7 metres, with samples collected every meter,” stated Carlos Bastos, Geology Manager and Brazilian QP. “And in specific cases, alternative methodologies have been applied to gain a deeper understanding of the mineralized zones and analytical methods.”
He continued, "With diamond, RC, and auger drilling activities running concurrently, the project has made substantial advancements. Our team is exceptionally pleased with the productivity, geological insights, and interpretation we have gathered thus far. We are confident that the forthcoming results from the SGS laboratory will strengthen our belief that we are positioned within a significant rare earth element ionic clay deposit."
Read more and view graphics at:
https://www.appiareu.com/news/appia-provides-update-on-its-extensive-drilling-program-at-its-pch-ionic-clay-project-brazil
The PR was picked up by seekingalpha.com
NioCorp to produce scandium master alloy to supply lightweight parts to vehicles
10:05 AM (9/28/23) NioCorp Developments Ltd. (NB) | By: Arundhati Sarkar, SA News Editor
Article is behind a paywall however:
https://seekingalpha.com/news/4016261-niocorp-to-produce-scandium-master-alloy-to-supply-lightweight-parts-to-vehicles?mailingid=32859215&messageid=2900&serial=32859215.92&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=32859215.92
NioCorp Plans to Produce Made-in-USA Scandium Master Alloy to Supply Lightweight Parts to Vehicles
NioCorp Now Working With Automakers To Develop Aluminum-Scandium Vehicle Parts That Are Stronger, Lighter, Higher-Performing, and Fully Recyclable
Prototype Aluminum-Scandium Alloy Parts Have Dual Uses in Commercial and Military Applications
EV/Hybrid Sales Forecasts Predict Tens of Millions of Units Globally By 2030[1], Underscoring the Importance of Bringing New Sources of Non-Chinese and Non-Russian Scandium Supply Online, NioCorp Says
CENTENNIAL, Colo. (Sept. 28, 2023) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (NASDAQ:NB) (TSX:NB) plans to make aluminum-scandium master alloy product (“Al-Sc MA”) from mining and upgrade facilities to be located in the U.S., subject to, among other matters, receipt of project financing and consummation of mining operations at the Elk Creek Project, which could enable commercial and defense manufacturers to replace select existing aluminum parts in vehicles. Aluminum alloys containing scandium offer high-strength, corrosion-resistant, weldable alternatives to existing aluminum options and deliver significant property improvements and light-weighting opportunities, particularly in transportation applications. Military and strategic applications are expected to be significant as well.
Scandium is one of several strategic metal products that NioCorp plans to make from its Elk Creek Critical Minerals Project (the "Project") in Nebraska, USA, contingent on, among other matters, obtaining sufficient project financing. Once in commercial operation, the scandium component from this mine could potentially position NioCorp as one of the largest producers of Al-Sc MA in the world. Still, more scandium production would need to come online in both North America and Europe, if more than a small handful of manufacturers are to benefit from these high-performance aluminum alloy variants.
"Our planned scandium oxide and master alloy production could be large enough to enable manufacturers to supply aluminum-scandium alloy parts to electric and/or conventional vehicles. As recent forecasts from Morningstar1 and others predict, EV and hybrid sales are expected to grow into the tens of millions per year over the next decade and longer," according to NioCorp's CEO and Executive Chairman Mark Smith. "This is one of the reasons the U.S. Government designated scandium as a critical mineral for the U.S. economy and national security and underscores the importance of getting multiple new, reliable sources of scandium supply for North America online as rapidly as possible." As an example, Mr. Smith pointed to a recent Morningstar forecast estimating that EV and hybrid vehicle sales, combined, could hit approximately 60 million units by 2030.
"Beyond the growth forecast for electric and hybrid vehicle sales, we anticipate additional demand coming from the defense sector, given scandium's ability to lightweight, strengthen, and improve corrosion resistance to land, air, space, and sea-based systems," Mr. Smith added.
Read at:
https://mailchi.mp/niocorp.com/niocorp-plans-to-produce-made-in-usa-scandium-master-alloy-to-supply-lightweight-parts-to-vehicles?e=a994b680bf
Thanks to Malcy's Blog
Sept 28, 2023
Petro Matad has announced its unaudited interim results for the six months ended 30 June 2023 and provides an operational update.
Key Company Updates
· The Company continues to push the Government to complete the regulatory formalities to allow completion operations at Heron 1 to commence. The Provincial Government has been very slow to respond which is putting the plan to complete the well before winter at risk.
· The local district authorities have however indicated that they are open to the Company operating in parallel with the slow-moving bureaucracy if Central Government supports the Company in doing so. This option is now being pursued as a priority.
· The 2022/23 Mongolian Exploration Tender Round continues with Petro Matad submitting two applications for new blocks and actively looking at one more area to determine if a third application is merited.
· Our renewable energy JV, SunSteppe Renewable Energy, is actively pursuing two projects, a battery energy storage facility and a green hydrogen project as it continues to push into the Mongolian renewable energy sector. Both projects have the potential to generate revenue in the near term.
Financial Summary 1H 2023
The Group posted a loss of USD 1.90 million for the 6-month period ended 30 June 2023, which compares to a loss of USD 1.62 million for the comparable period in 2022. The Company’s cash balance at 30 June 2023 was USD 8.39 million (USD 0.82 million in cash and USD 7.57 million in Financial Assets – which are term deposits with a term of 3 months or more), which compares to a cash balance of USD 6.62 million (USD 3.10 million in cash and USD 3.52 million in Financial Assets) on 30 June 2022.
As previously announced, a successful fundraise totalling USD 6.6 million of gross proceeds was completed in February 2023, primarily to fund exploration drilling in the Company’s operated Block V and to advance renewable energy opportunities through a newly established joint venture. Despite the continuing frustration with the delays in progressing the development of the Heron discovery it was very encouraging that both the placing and retail offer were over-subscribed.
Operational Summary 1H 2023
On the Company’s Block XX where the Heron discovery is ready for the first phase of development to begin, the land access issue, and thus commencement of production operations, remained delayed through the first half of 2023 subject to registration of the Exploitation Area as Special Purpose Land in accordance with Mongolia’s Land Law. Significant progress was made to secure the certification and all ministries in the Mongolian Government confirmed their support. The documentation for the certification was completed by end June for submission to Cabinet in July 2023.
In parallel, the Company finalised negotiations with DQE Drilling on a long-term drilling contract which will be submitted to industry regulator the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) for discussion and approval. Commercial negotiations advanced with PetroChina for the use of its production infrastructure on neighbouring Block XIX.
On the Company’s Block V exploration PSC in central Mongolia, the Velociraptor 1 well was drilled on a high impact prospect in June/July with the full support of the local communities. The well was drilled on schedule and within budget but as has been reported previously, despite encountering more than 350 metres of good quality reservoir sections, the well was dry and it has been plugged and abandoned.
MRPAM’s 2022/23 Exploration Tender Round continued through the first half of the year and the Company has made applications for two blocks. Negotiations of the contractual terms are ongoing.
In early 2023, Petro Matad completed the formation of a joint venture company, SunSteppe Renewable Energy (SRE), to develop renewable energy projects in Mongolia with the goal of reaching construction ready status on its first projects within 24 months. Priority projects included a battery energy storage system project designed to help improve the stability of Mongolia’s electricity grid and so reduce coal consumption for power generation and allow the dispatch of more renewable energy from projects already in operation. The joint venture is also pursuing off-grid projects to supply renewable energy to mining projects where operators are keen to decarbonise their operations.
Operational Update and look ahead
Block XX: The Cabinet approved the special purpose certification of the Block XX Exploitation Area in early July, following which the Company has been pushing hard for the Government to complete the regulatory formalities and so allow completion operations at Heron 1 to commence. Whilst good progress has been made with Central Government agencies, the Tripartite Agreement between the Land Agency, the Ministry of Mining and Heavy Industry (MMHI) and the Provincial Government which regulates the management of special purpose land has yet to be finalized. The Land Agency issued the draft in July and MMHI quickly responded positively but the Provincial Government wants to complete herder compensation first and this further bureaucratic delay may jeopardise the chance to put Heron 1 on production before the winter operational shut down. In response, the Company is urging central and provincial authorities to speed up the remainder of the process and, with the special purpose certification now approved, Petro Matad has asked the district authorities to allow Heron 1 operations to go ahead in parallel with the slow-moving bureaucracy at central and provincial levels. The district representatives have signaled their willingness to consider this so long as the Central Government supports the initiative and MRPAM has confirmed its support and is preparing a letter to that effect. The Company continues to direct all its efforts at getting Heron 1 on stream before the oilfield contractors shut down for the winter.
Block V: The post-well evaluation of Velociraptor 1 is progressing.
New acreage: In addition to the two applications lodged for new blocks earlier in the year, Petro Matad is looking at one more area in the 2022/23 exploration tender round to determine if a third application is merited.
Renewables: Post the period end, the Company’s renewable energy vehicle, SRE, has made very good progress. In consultation with the Ministry of Energy, the need for a 50MW/150MWh battery energy storage facility in central Mongolia was defined. SRE’s team has completed the required feasibility studies and the grid connection study for the project has been approved by the National Dispatching Centre. All required documentation has been submitted to and accepted by the Technology Committee of the Ministry of Energy. Once the committee’s approval is in hand, the License for Construction of the facility will be requested. SRE expects that this project can be brought to construction ready status with a power purchase agreement and tariffs in place by mid-2024. SRE has access to land already under lease for the facilities within two kilometres of the tie in point and the footprint is small. The development costs of this project are low and the project is expected to offer a double-digit rate of return and could be online and generating revenue by 2025.
A second project involving a utility scale wind farm to supply renewable energy to generate green hydrogen for use at a mine operation in the South Gobi is also progressing with a forecast timescale similar to SRE’s battery storage project. The project is designed to demonstrate the viability of green hydrogen as a fuel for use in the mining industry in Mongolia and SRE is very excited to be involved. This initiative has the strong support of the Mongolian Government and a memorandum of understanding has been signed with the Ministry of Energy.
SRE and Petro Matad will determine, once these two projects reach construction ready status, how best to fund them. Debt funding for similar projects is already established in Mongolia, leaving open the possibility that SRE can aspire to stay involved in the construction phase and establish itself as a key renewable power producer in the country.
The potential for renewable energy in Mongolia is huge with solar and wind power set to make up an increasing part of the country’s energy mix in the coming decades. This has been embraced by lawmakers, with Mongolia ratifying international conventions including the Paris Agreement. SRE has made good progress so far and has identified several other projects for consideration. We look forward to progressing this exciting new venture that has the potential to generate revenue in the near term.
Mike Buck, CEO of Petro Matad, said:
“The slow pace of the completion of the regulatory process that will allow us to commence the Heron development is extremely frustrating. Whilst we are pushing hard with all agencies, and we have equipment and contractors ready to mobilise, unless the pace suddenly quickens it is now unlikely that we will get the Tripartite Agreement signed in time. However, we are working on a limited access agreement at district level and leaving no stone unturned to give us the chance to achieve our goal of getting Heron 1 onstream before winter.
Meanwhile, it is pleasing to see that our renewable energy initiative is moving ahead. The battery storage project has considerable follow-on potential since the Ministry of Energy has identified a significant need for energy storage in various locations throughout the country. The Government is very keen to see if green hydrogen can be used effectively, whilst the mine operators are looking to decarbonise their operations and SRE’s project targets these goals whilst also providing the potential for an excellent commercial return for the developer.
As ever we appreciate our shareholders’ patience as we work through the final stages of getting Heron 1 on stream and in particular, those shareholders that have been with us on this journey since the Heron discovery and before. I look forward to updating you further on our renewable energy initiative and our other ventures.”
Mike Buck’s reference to shareholder patience couldn’t be more apposite, with the chance of any major moves in the next few months I think MATD is more of a 2024 stock at the moment. The shares are resting on the YTD low but with the 1 year low a penny below here I think the November 2022 price will probably be re-visited first. Having said that I still feel that longer term there is something out there and I’m sure Mike will be over sometime to talk me through it, it’s been a long time!
Positive new from Africa Oil about the work in Venus and the Orange Basin offshore of Namnbia
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172916384
This is nice but I sure would like some news about the 3D study and the option.
Positive new from Africa Oil about the work in Venus and the Orange Basin offshore of Namnbia
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172916384
Maybe some additional investment in Impact would be a good idea. Also additional funds in to ECO Atlantic.
AFRICA OIL ANNOUNCES POSITIVE UPDATE ON NAMIBIA OPERATIONS
VANCOUVER, BC, Sept. 28, 2023 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") notes the press release by its investee company, Impact Oil and Gas Limited ("Impact") and is pleased to announce positive drill stem test ("DST") results for the Venus-1X well, the major light oil discovery on Block 2913B. The Company also provides further update on exploration and appraisal activities on Block 2913B and 2912, both located in the Orange Basin, offshore Namibia. View PDF Version
Highlights
> The Deepsea Mira rig re-entered and side-tracked the Venus-1X discovery well (announced in February 2022) and flowed oil from the test with positive results.
> The operator and its partners are now interpreting the results of the flow test and incorporating them into the development studies, which are expected to be confirmed with the flow test of Venus-1A in Q4'23.
> The Venus-1A appraisal well results were positive having been successfully drilled, cored and logged by the Tungsten Explorer, approximately 13km north of the Venus-1X discovery well.
> The Deepsea Mira rig will re-enter Venus-1A imminently to undertake a DST program.
Tungsten Explorer will mobilize to drill the Mangetti-1X exploration well on a prospect located in the northern part of Block 2913B.
Africa Oil President and CEO Dr. Roger Tucker commented: "The successful Venus-1X DST program is a major milestone in the Venus campaign and, if confirmed by Venus-1A DST results, supports the commercial development of this world-class light oil discovery. It is important to highlight that the opportunity here is not just about one discovery, and we expect that further work will be done to mature large-scale targets already identified on Block 2193B, including those to the south of Venus. We have an exciting work program ahead of us and together with our other interests in the Orange Basin, we have a very exciting and attractive opportunity set."
Read more at:
https://africaoilcorp.com/news/africa-oil-announces-positive-update-on-namibia-op-122891/
Anyone know what is going on today (9/27)?
Thanks
Treaty Creek In Resource World
Crucial infrastructure upgrades at Golden Triangle, BC is an economic game changer
We are pleased to share our recent feature in Resource World with our shareholders and followers of the company.
The Golden Triangle mining district in northwestern British Columbia, ranks among the richest gold-silver-copper belts in the world. It hosts the world’s largest undeveloped gold deposit (by reserves) – Seabridge Gold Inc.’s [SEA-TSX, SA-NYSE] KSM project, as well as many world scale projects that are moving towards production.
The region’s status as a major centre for mining and exploration has been underscored by Newmont Corp.’s [NGT-TSX, NEM-NYSE] pending acquisition of Newcrest Mining Ltd. [NCM-TSX, ASX, PNGX].
To read more and get the link to the Resource World article
https://mailchi.mp/71daeb4c78ad/new-treaty-creek-report-4754861?e=6f11d69fd1
Thanks scooter83
Thanks scooter83
From Scarbender on the Africa Oil thread
Wednesday, September 06, 2023 3:43:40 AM
Post #7104 of 7113
To the old timers here. Daughter is a technical analyst. Works with informal partners in the U.S. and U.K. She is using her charts to analyze Africa Oil. Will be intresting to see what she can add to fundamental analysis plus news over the next 60 days and ER.
Monday, September 25, 2023 3:34:49 PM
Post #7112 of 7113
Daughter ( a Technical analyst) Very bullish signals from AOIFF.
Monday, September 25, 2023 4:06:55 PM
Post #7113 of 7113
Stolen from MAC on Yahoo Finance:
1) current development in Orange Basin - Total set to notify markets on the totality of their Venus and Nara prospects on their capital markets day sept 27. Shell is currently drilling the Jonker 1A (appraisal) a whooping 12km to the south of the initial hole.
2) TOTAL energies have reserved the Tungsten Drillship for another 110 days going into may 2024 with additional optionality until early 2025. Who knows where they will be drilling. My guess is orange basin - but where - maybe prove up the south african licenses just across the border ?
3) this should have a spillover effect on the sentiment around ECO's huge 3b4b license just across the border....
4) ongoing biddings for new PEL's in guyana - all blocks to the immediate south of Orinduik have bidders and we will know soon who they are and at what price. ECO has a dataroom on orinduik. The new bidders south of orinduik will have a huge bonus farming in orinduik, a lot of information, 3d seismic etc.
5) fangtouth deep is up for developement by exxon and is the best hint for the quality of the oil in the deeper layers in orinduik.
6) Gil Holzman will make a presentation on 'Seeing Promise in Guyana' at the World Energies Summit in London on Sept 27.
It's coming .... i want to be in pole position when it does.
I AGREE WITH MAC. Furthermore, Tungsten Explorer has moved about 100/200 miles South of Walvis Bay, Namibia to seek the extension of this oil field. If they find oil further south, that means the Orange Basin is probably the most gigantic field ever.
From Scarbender on the Africa Oil thread
Wednesday, September 06, 2023 3:43:40 AM
Post #7104 of 7113
To the old timers here. Daughter is a technical analyst. Works with informal partners in the U.S. and U.K. She is using her charts to analyze Africa Oil. Will be intresting to see what she can add to fundamental analysis plus news over the next 60 days and ER.
Monday, September 25, 2023 3:34:49 PM
Post #7112 of 7113
Daughter ( a Technical analyst) Very bullish signals from AOIFF.
Monday, September 25, 2023 4:06:55 PM
Post #7113 of 7113
Stolen from MAC on Yahoo Finance:
1) current development in Orange Basin - Total set to notify markets on the totality of their Venus and Nara prospects on their capital markets day sept 27. Shell is currently drilling the Jonker 1A (appraisal) a whooping 12km to the south of the initial hole.
2) TOTAL energies have reserved the Tungsten Drillship for another 110 days going into may 2024 with additional optionality until early 2025. Who knows where they will be drilling. My guess is orange basin - but where - maybe prove up the south african licenses just across the border ?
3) this should have a spillover effect on the sentiment around ECO's huge 3b4b license just across the border....
4) ongoing biddings for new PEL's in guyana - all blocks to the immediate south of Orinduik have bidders and we will know soon who they are and at what price. ECO has a dataroom on orinduik. The new bidders south of orinduik will have a huge bonus farming in orinduik, a lot of information, 3d seismic etc.
5) fangtouth deep is up for developement by exxon and is the best hint for the quality of the oil in the deeper layers in orinduik.
6) Gil Holzman will make a presentation on 'Seeing Promise in Guyana' at the World Energies Summit in London on Sept 27.
It's coming .... i want to be in pole position when it does.
I AGREE WITH MAC. Furthermore, Tungsten Explorer has moved about 100/200 miles South of Walvis Bay, Namibia to seek the extension of this oil field. If they find oil further south, that means the Orange Basin is probably the most gigantic field ever.
I agree ge11
Thanks Scarbender
Thanks for posting Scarbender
Thanks JD Consideing the way things have been going that certainly helped to get the end of week off to a smiling start.
Very good interview with Andy Schectmean. He explains how the Elites may set up the CBDC for implementation. What he's saying makes sense, it will be an event that FORCES everyone into them. Their plan is in motion now.
Implanting Wednesday, September 20, 2023 5:08:01 AM
Post# of 18512
Very good interview with Andy Schectmean. He explains how the Elites may set up the CBDC for implementation. What he's saying makes sense, it will be an event that FORCES everyone into them.
First half is about the BRICS and how they are building to crash the dollar reserve currency. Then goto 11:30 to start hearing about the CBDC (Central Bank Digital Currency).
Thanks carsonckid. Unfortunately I still have to log into hotcopper which I do not have an account.
I have been wondering when the 3D info will be released.
Hi ecmoney Thanks for posting this However I do not have an acount on hotcopper.com. Any chance you could cut & paste or enter the key points?
Thanks to Malcy's Blog
9/19/23
Chariot has announced its unaudited interim results for the six-month period ended 30 June 2023.
Adonis Pouroulis, CEO of Chariot commented:
“We continued to progress all workstreams across the business throughout the period and further enhanced our portfolio with the award of the Loukos licence onshore Morocco and the acquisition of our water desalination business. In each pillar of transitional gas, renewable power and green hydrogen, we have the opportunity to deliver a range of tangible benefits and drive real value. Long term scalability is a shared theme across all of our projects, but we are fully focused on executing our core objectives to de-risk the business, enable further growth and deliver near term production.”
Anchois is making good progress and with the FEED Design phase completed and the ESIA and other documentation seemingly in the approval process are going well. The farm-out also appears to be nicely up with events, we might hear something quite soon on that front.
The Loukos onshore drilling project is moving fast and will start drilling next year and maybe production if successful could even be within the year. Finally the renewables side is making slower but meaningful progress and has an enviable roll-out programme.
I remain fully committed to Chariot where I see substantial and profitable developments over the short, medium and long term and stays in the Bucket List.
Highlights during and post period
Transitional Gas: Developing a New Gas Province in Morocco
· Front End Engineering and Design phase completed for the Anchois gas development project
· Progress made across all Anchois development workstreams, including the project Environmental Social Impact Assessment (“ESIA”) and submission of the necessary documentation into the approval process in Morocco
· Negotiations on partnering for Anchois and the wider Lixus and Rissana Offshore licences in final stages
· Partnership agreed with Vivo Energy to develop the Moroccan domestic gas-to-industry market
· Award of the Loukos Onshore licence (“Loukos”) in Morocco – fast-track drilling project initiated with opportunity for near-term production
Transitional Power: Building a Substantial Renewable Energy pipeline across Africa
· In partnership with TotalEnergies progressing developments at three key projects in Africa:
o Tharisa – 40MW solar project in South Africa
o Karo – 30MW solar project in Zimbabwe
o First Quantum Minerals – 430MW solar and wind projects in Zambia
· Operational Essakane 15MW solar project at IAMGOLD’s gold mine in Burkina Faso continues to perform well
· Acquisition of water desalination business a strategic fit for both the power and hydrogen pillars – first project in Djibouti commissioned
· Shareholding in Etana Energy opening up route to develop further large-scale renewable energy projects and trading through South Africa’s national grid
Green Hydrogen – Focused on early stage production and future scale up
· Feasibility studies in Mauritania progressing well with partner TEH2 (80% owned by TotalEnergies and 20% owned by the EREN Group) and their in-house ‘OneTech’ engineering unit
· Extended collaboration with Oort Energy and University Mohammed VI Polytechnic (“UM6P”) on green hydrogen proof of concept projects in Morocco
· Ongoing evaluation of further opportunities
Corporate and Financial
· Well capitalized business, with cash position as at 30 June 2023 – $2.7million, supplemented by a successful and oversubscribed fundraise completed in July 2023 raising circa US$19 million
· No debt with minimal licence commitments
With "REE: Lights, heavies, and scandium..." in the title of Mark's presentation for the mid-October Rare Earth meeting it seems impossible that he can make it without a PR on REE production and hopefully including some revenue projections.
Thanks RT
Thanks for the link
Thanks for posting the article.
Yes CritM3, and many of these types of application are prime for AlSc alloys.
Excelsior Mining Announces Assay Results from JCM Stage 1 Drilling with Nuton, a Rio Tinto Venture
Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) (FSE: 3XS) ("Excelsior" or the "Company") is pleased to announce assay results at the Johnson Camp Mine (JCM) from the Stage 1 drilling with Nuton LLC ("Nuton"), a Rio Tinto venture. The program consists of drilling approximately 6,000 feet of PQ core, primarily for the purposes of further metallurgical evaluation. The samples from the drill program will be processed for mineralogy and tested using the Nuton™ process. The program is being funded by Nuton and carried out by Excelsior in connection with the previously announced Option to JV Agreement.
"The initial drill results from the bottom of the Burro pit are high-grade, averaging around 1% copper. These grades are in-line with expectations in this area, which is why we remain excited about the prospects of mining and leaching this predominantly sulfide copper mineralization in partnership with Nuton," comments Roland Goodgame, Senior Vice President Business Development.
For more information on Excelsior, please visit our website at www.excelsiormining.com.
CritsM3's post # 102069 is an excellent summary as are any of chico's lists of points - question and answers - links. At the risk of adding some blue sky I would like to remind everyone that the VERY SMALL portion that is currently planned to be mined of the identified mineralized blob and the blob is open in two directions and at depth.
I would like to see the 2023 FS include money to:
- Drill 3 or 4 very deep drill holes to locate the bottom of the mineralization
- Continue exploratory drilling and infill drilling to more completely define the mineral value of the mineralized blob
This would provide three benefits:
- Provide positive data during the time the mine is being built which will (hopefully) keep the selling price up and increasing.
- Ore material of different mineral mixes that can be run through the Canadian plant to define operating factors before various batches of the the bulk ore must be processed.
- Material that can be sold.
During the work back in 2010 - 2013 at least one pocket of relative high grade of REEs was found. In three areas there were 9 holes that totaled 963 meters of mineralization which averaged 1.44 %REOs. Within this there was one 18.3 meter section containing 3.12 %REOs.
With more exploratory and infill drilling the value of minerals may be a number multiples larger than what will appear in the 2023 FS.
FYI
NIOCORP DEVELOPMENT LTD
Management Discussion & Analysis
For the three months ending September 30, 2013
niocorp.com/wp-content/uploads/NioCorp_MD&A-2014Q1.pdf (Page 5)
Approximately 1.2 kilometres southwest of the core niobium resource zone ..... intercepted
Three zones of anomalous REE mineralization were identified outside the core historic niobium
resource zone, during the wide-spaced exploration drilling. The results of some of the holes are
summarized below:
Hole ID From(m) To(m) Interval(m) % REO Interval * % Reo
eastern anomaly
EC-93 149.4 289.6 140.2 2.19 307.04
including 179.8 198.1 18.3 3.12 57.10
EC-43 243.8 256.0 12.2 2.83 34.53
295.7 323.1 27.4 1.52 41.65
western anomaly
EC-4 217.1 402.3 185.2 1.18 218.54
417.6 445.0 27.4 1.02 27.95
EC-41 304.8 335.3 30.5 1.19 36.30
365.8 396.2 30.5 1.28 39.04
EC-55 237.7 429.8 192.0 1.31 251.52
246.9 246.9 271.3 24.4 1.62 39.53
289.6 289.5 323.1 33.5 2.09 70.02
338.3 338.3 390.1 51.8 1.52 78.74
central anomaly
EC-1 198.1 219.5 21.3 1.05 22.37
225.6 234.7 9.1 1.08 9.83
EC-17 554.7 612.6 57.9 1.27 73.53
EC-19 187.5 253.0 65.5 1.13 74.02
627.9 661.4 33.5 1.02 34.17
EC-21 207.6 228.6 21.0 1.54 32.34
981.7 1,448.22
Without Included---> 963.4 1,391.12
Average---> 1.44
Very nice summary CritM3.
Yes he really likes New York and to see his tennis favorite
Based on what you and Rader1977 have found and the short notice I wonder about the size and quality of the attendance.
Agreed boilermaker
Considering the very near term meetings on Rare Earths, I believe something definitive about our production of Rare Earths is required. Two years of "It looks good but more study/work in Canada is still required" will be a disaster. Best would be a 2023 FS.
Thanks RT Nice articles and info.
Thanks in advance Scarbender for posting her comments.