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Anglesey Mining #AYM – Northern Copper Zone Drilling Update – Broad Zone of Sulphides Intersected in Hole NCZ002

Anglesey Mining plc (AIM:AYM), is pleased to provide an update on the Northern Copper Zone (‘NCZ’) Mineral Resource delineation drilling program at the Parys Mountain Cu-Zn-Pb-Ag-Au VMS project on the Isle of Anglesey in NW Wales.

The 2023/2024 exploration drilling campaign has been designed to verify the reliability of historical drill holes and infill gaps in the drilling that will be used to update the Parys Mountain Mineral Resource Estimate.

Drill hole NCZ002 was recently completed with a 107m (apparent thickness) zone of visible sulphides identified between 413m – 520m downhole.  The hole was designed as an infill hole between two pierce points from the previous drilling programme undertaken at the site in the 1970s that intersected broad zones of mineralisation – 91m grading 0.9% copper equivalent (‘CuEq’) and 75m grading 0.8% CuEq – both of which reported higher grade zones including 43m grading 1.2% CuEq and 26m grading 1.3% CuEq.

Samples from NCZ002 were dispatched to the ALS laboratory in Ireland on 16th February and the results are expected within a few weeks. Based on the encouraging intersection of visible sulphides and the promising assay results from NCZ001 (as detailed in the announcement released by the Company on 19th January 2024), it is anticipated that the assay results will confirm the continuity of the Cu-Zn-Pb-Ag-Au mineralisation at Parys Mountain.  Drilling of the third drill hole in this latest programme, NCZ003, has commenced with 200m drilled to date.

Key takeaways from the drilling results so far include:

–          Further verification of the existing Parys Mountain geological model.

–          Significant high-grade widths of polymetallic mineralisation identified along the contact with the Garth Daniel Zone.

–          Intersect of 22m grading 3.2% CuEq1 recently reported from NCZ001 represents a significant potential upside to the current resource estimate.

Andrew King, Interim Chairman of Anglesey Mining plc, commented: “On behalf of Anglesey management and the field team, I am delighted to report that ongoing drilling of the Northern Copper Zone is confirming that Parys Mountain has a significant zone of copper dominant mineralisation within an area 600 to 700 metres along strike and 300 to 400m downdip. Widths of mineralisation appear to be averaging over 20 metres in this zone with copper equivalent grades of between 1.0 – 1.3%.”

“The positive verification and infill drilling of the Northern Copper Zone completed so far is a key element to advancing the project through future development studies and ultimately providing sufficient data on which to base a decision to mine. Current management has always believed the Northern Copper Zone to be much more significant than the current resource numbers implied, and the first two drill holes of this program are encouraging in supporting that view.”

“We look forward to reporting back with the assay results from NCZ002 and the drilling results of NCZ003 in due course, along with further detail on the potential upside to the current Parys Mountain resource estimate.”

1Copper Equivalent (CuEq %) = Cu grade % * Cu Recovery + (Zn grade % * Zn Recovery * (Zn price $/t /Cu price $/t)) + (Pb grade % * Pb Recovery * (Pb price $/t /Cu price $/t)) + (Ag grade g/t / 31.103 * Ag recovery * (Ag price $/oz /Cu price $/t)) + (Au grade g/t / 31.103 * Au recovery * (Au price $/oz /Cu price $/t))

Commodity prices: Zn – US$3350/t, Cu – US$9523/t, Pb – US$2292/t, Ag – US$25.50/oz and Au – US$1850/oz

Recovery assumptions for Northern Copper Zone: Zn – 82%, Cu – 93%, Pb – 78%, Ag – 72% and Au -65%

Competent Person:

The information in this announcement which relates to Drilling Results has been approved by Mrs. Liz de Klerk, M.Sc., Pr.Sci.Nat., FIMMM who is a professional registered with the South African Council for Natural Scientific Professionals (SACNASP: 400090/08) and independent consultant to the Company. Mrs. de Klerk is the Senior Geologist & Managing Director of Micon International Co Limited and has over 20 continuous years of exploration and mining experience in a variety of mineral deposit styles. Mrs. de Klerk has sufficient experience which is relevant to the style of exploration, mineralisation and type of deposit under consideration and to the activity which she is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves” (JORC Code). Mrs. de Klerk consents to inclusion in the announcement of the matters based on this information in the form and context in which it appears.

About Anglesey Mining plc:

Anglesey is traded on the AIM market of the London Stock Exchange and currently has 420,093,017 ordinary shares in issue.

Anglesey is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales, UK with a reported resource of 5.3 million tonnes at over 4.0% combined base metals in the Measured and Indicated categories and 10.8 million tonnes at over 2.5% combined base metals in the Inferred category. Anglesey also holds a 49.75% interest in the Grängesberg iron ore project in Sweden and 12% of Labrador Iron Mines Holdings Limited, which through its 52% owned subsidiaries, is engaged in the exploration and development of direct shipping iron ore deposits in Labrador and Quebec.

For further information, please contact:

Anglesey Mining plc

Andrew King, Interim-Chairman – Tel: +44 (0)7825 963700

Jo Battershill, Non-Executive Director – Tel: +44 (0)7540 366000

Davy

Nominated Adviser & Joint Corporate Broker

Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363

WH Ireland

Joint Corporate Broker

Katy Mitchell / Harry Ansell – Tel: +44 (0) 207 220 1666

Brand Communications

Public & Investor Relations

Alan Green – Tel: +44 (0) 7976 431608

Alan Green covers Cobra Resources #COBR, Metals One #MET1 & ECR Minerals #ECR on this week’s Stockbox Research Talks

Alan Green covers Cobra Resources #COBR, Metals One #MET1 & ECR Minerals #ECR on this week’s Stockbox Research Talks

ECR Minerals #ECR – Board Changes

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, announces that David Tang has stepped down as Chairman of the Company and Nick Tulloch has been appointed Chairman in his place, in addition to his role as Executive Director of the Company. David Tang will remain on the board as a non-executive director.

David Tang, Non-Executive Director, said: “I suggested to the board that the time was right for me to hand over the chairmanship of our Company and, with the endorsement of the other non-executive directors, I have asked Nick to take on the role.  We have spoken a lot about the change in pace and change in approach since Nick and Mike joined ECR last September and I am sure it is apparent to investors that it is Nick and Mike leading the strategic direction of the Company and liaising with our counterparties.  I am delighted that Nick has accepted this role at ECR.”

Nick Tulloch, Chairman, said: “My thanks to David who has led ECR through a very challenging period with great diligence and commitment.  I was honoured that he asked me to take over as Chairman.  We have been implementing a number of changes to ECR in recent months and there is still a great deal to accomplish.  As we move into this next phase, I am pleased that we will continue to benefit from David’s wise counsel and detailed knowledge of our operations.”

The Directors recognise that Nick Tulloch’s appointment as Chairman alongside his ongoing responsibilities as an executive director is not in line with the QCA Corporate Governance Code but consider that given the current size and stage of development of ECR, and Nick’s experience, it is in the best interests of all stakeholders for him to take up this position. The Directors further note that a considerable amount of the operational responsibilities of the Company are carried out by Mike Whitlow, COO.  At the same time, Trevor Davenport has been appointed Senior Independent Director of the Company.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc   Tel: +44 (0) 20 7929 1010  
Nick Tulloch, Chairman

Andrew Scott, Director

     
       
Email:

info@ecrminerals.com

     
Website: www.ecrminerals.com      
       
WH Ireland Ltd   Tel: +44 (0) 207 220 1666  
Nominated Adviser

Katy Mitchell / Andrew de Andrade

     
       
SI Capital Ltd   Tel: +44 (0) 1483 413500  
Broker      
Nick Emerson      
       
Novum Securities Limited    Tel: +44 (0) 20 7399 9425  
Broker

Jon Belliss

     
       
Brand Communications   Tel: +44 (0) 7976 431608  
Public & Investor Relations      
Alan Green      

ABOUT ECR MINERALS PLC

ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has eight active exploration tenements and two in application (Ballarat and Tambo).

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”), which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Lolworth Range, Queensland, Australia. The Company has also submitted a license application at Kondaparinga which is approximately 120km2 in area and located within the Hodgkinson Gold Province, 80km NW of Mareeba, North Queensland.

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.

ECR holds a 90% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.

ECR Minerals #ECR – Additional Creswick drilling results raise overall gold grades

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to provide additional results from its drilling programme at the Davey Road site in its Creswick tenement.  These results comprise the bulk sample testing following the preliminary results announced on 5 February 2024.

HIGHLIGHTS

  • Significant increase in grades overall with the best result now 41.03 g/t Au over 1 metre.
  • Several other significant results including 10.26 g/t Au, 8.46 g/t Au and 6.22 g/t Au.
  • Importantly, the bulk sample results show contiguous gold over multiple metres – of particular note, approximately 4.4 g/t Au average over 3 metres in hole 1 (between 36 – 39 metres depth).
  • Bulk sample testing has indicated both greater prevalence and higher grades of gold.
  • This phase of drilling completed on time and on budget and second phase of drilling at Kuboid Hill, Creswick now underway.

Bulk samples from the 20-30kg ‘leftovers’ from the preliminary drilling results were concentrated in a dry blower with subsequent panning consistently showing visible gold. Pan concentrate samples ranged in weight between 0.29kg and 1.79kg.  A total of 32 samples were selected for testing from 1 metre intervals that showed anomalous gold.

The rig is now back on site at Kuboid Hill as the second phase of the Company’s drilling programme in Creswick gets fully underway.  Further announcements will be made in due course.

Details of current drilling and significant intercepts > 0.5g/t

Hole ID Total depth (metres) Significant intercepts in preliminary results Significant intercepts following bulk sample testing Concentrate weight (kg)
CDYRC001 66

 

1m @ 2.53 g/t Au from 6m

 

1m @ 2.42 g/t Au from 37m

1m @ 0.79 g/t Au from 38m

1m @ 0.53 g/t Au from 29m

1m @ 0.50 g/t Au from 30m

1m @ 2.03 g/t Au from 5m

41.03 g/t Au

 

1m @ 0.62 g/t Au from 26m

8.46 g/t Au

 

1.62 g/t Au

 

0.64 g/t Au

 

0.85 g/t Au

 

1m @ 3.19 g/t Au from 36m

 

0.59

 

0.54

 

1.24

 

0.92

 

0.89

 

0.53

 

0.94

 

1.04

CDYRC002 84 No significant intercepts reported No significant intercepts reported
CDYRC003 84 No significant intercepts reported 1m @ 0.63 g/t Au from 19m

 

0.57
CDYRC004 84 No significant intercepts reported 1m @ 0.88 g/t Au from 54m

1m @ 3.47 g/t Au from 55m

1.24

 

1.30

CDYRC005 54 1m @ 23.39 g/t Au from 14m

1m @ 1.01 g/t Au from 15m

10.26 g/t Au

 

0.41 g/t Au

1.79

 

0.86

CDYRC006 84 No significant intercepts reported No significant intercepts reported
CDYRC007 66 No significant intercepts reported 1m @ 6.22 g/t Au from 12m 1.09

Nick Tulloch Managing Director said: “These results at Davey Road are very promising indeed.  As we anticipated, bulk sample analysis has provided far greater clarity on the prospect as well as indicating contiguous gold over multiple metres in depth.  The higher grades now being indicated support our view that Creswick has the potential to become a very significant asset for our company.  Drilling was completed on time and on budget and we have now commenced our follow-on drilling programme at nearby Kuboid Hill.  We have much to look forward to from that campaign as we develop our ongoing analysis and understanding of the wider location.”

REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON

This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman

Nick Tulloch, Managing Director

Andrew Scott, Director

Email:

info@ecrminerals.com

Website: www.ecrminerals.com
WH Ireland Ltd   Tel: +44 (0) 207 220 1666
Nominated Adviser

Katy Mitchell / Andrew de Andrade

SI Capital Ltd Tel: +44 (0) 1483 413500
Broker
Nick Emerson
Novum Securities Limited  Tel: +44 (0) 20 7399 9425
Broker

Jon Belliss

Brand Communications Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green

ABOUT ECR MINERALS PLC

ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has eight active exploration tenements and two in application (Ballarat and Tambo).

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”), which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Lolworth Range, Queensland, Australia. The Company has also submitted a license application at Kondaparinga which is approximately 120km2 in area and located within the Hodgkinson Gold Province, 80km NW of Mareeba, North Queensland.

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.

ECR holds a 90% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.

Alan Green covers Silver Bullet Mines TSX-V #SBMI, GreenX Metals #GRX and First Class Metals #FCM on this week’s Stockbox Research Talks

Alan Green covers Silver Bullet Mines TSX-V #SBMI, GreenX Metals #GRX and First Class Metals #FCM on this week’s Stockbox Research Talks

Seed Capital Solutions #SCSP – Notice of AGM

Seed Capital Solutions plc, which currently operates as a special purpose acquisitions company (SPAC) to undertake one or more acquisitions of target companies or businesses, announces that it has posted a notice and proxy to shareholders providing details of the forthcoming AGM to be held at the offices of Hill Dickinson, The Broadgate Tower, 10 Primrose Street, London EC2A 2EW at 1000 hrs (GMT) on 12 March 2024 for the purpose of considering, and, if thought fit, to pass the following resolutions.

Resolutions 1 to 8 will be proposed as ordinary resolutions and resolutions 9 and 10 will be proposed as special resolutions.

Ordinary Resolutions

  1. To receive the accounts and reports for the financial period ended 30 June 2023.
  2. To approve the Directors’ remuneration report in the form set out in the Company’s annual report and accounts for the year ended 30 June 2023.
  3. To re-elect Mike Hirschfield, who is retiring by rotation as a director of the Company.
  4. To re-elect John Zorbas, who is retiring having been appointed by the directors of the Company since the last General Meeting and who being eligible offers himself for election as a director of the Company.
  5. To re-elect Segar Karupiah, who is retiring having been appointed by the directors of the Company since the last General Meeting and who being eligible offers himself for election as a director of the Company.
  6. To reappoint Haysmacintyre LLP as auditors of the Company and to authorise the directors to fix their remuneration.
  7. That the Company be authorised, subject to and in accordance with the provisions of the Companies Act 2006, to send, convey or supply all types of notices, documents or information to Shareholders by electronic means, including making such notices, documents or information available on a website.
  8. That, in accordance with section 551 Companies Act 2006 (CA 2006), the directors of the Company are generally and unconditionally authorised, in addition to any previous authorities, which shall continue to apply, to allot Relevant Securities (as defined in this resolution) comprising equity securities (as defined in section 560 CA 2006) up to an aggregate nominal amount of £500,000 (five hundred thousand pounds), such authority, unless previously revoked or varied by the Company in general meeting, to expire on 30 June 2025 or, if earlier, the date of the Company’s next annual general meeting, except that the directors of the Company may allot relevant securities pursuant to an offer or agreement made before the expiry of the authority. In this notice, Relevant Securities means any shares in the capital of the Company and the grant of any right to subscribe for, or convert any security into, shares in the capital of the Company.

Special Resolutions

  1. That a general meeting, other than an annual general meeting, may be called on not less than 14 clear days’ notice.
  2. That, under section 570 CA 2006, the directors of the Company are authorised, in addition to any previous authorities, which shall continue to apply, to allot equity securities, as defined in section 560 CA 2006, wholly for cash for the period commencing on the date of this resolution and expiring on the date of the Company’s next annual general meeting, as if section 561 CA 2006 did not apply to such allotment, except that the directors of the Company may allot relevant securities following an offer or agreement made before the expiry of the authority and provided that the authority is limited to:
    • the allotment of equity securities in connection with a rights issue in favour of ordinary shareholders where their holdings are proportionate, as nearly as possible, to the respective number of ordinary shares held, or deemed to be held, by them, but subject to any exclusions or arrangements the directors think necessary or expedient for the purpose of dealing with fractional entitlements or legal or practical problems under the laws of any territory or the requirements of any recognised regulatory body or stock exchange in any territory;
    • the allotment of equity securities in connection with the issue of up to 8,313,532 shares in respect of the exercise of shares granted under warrants; and
    • the allotment of equity securities, otherwise than in accordance with paragraphs 10.1 and 10.2, up to a maximum nominal value of £125,000 (one hundred and twenty-five thousand pounds).

 – ENDS –

FOR FURTHER INFORMATION, PLEASE CONTACT:

Seed Capital Solutions plc   Tel: +44 (0)1535 647 479  
Chairman Damion Greef

 

Brand Communications

   

 

Tel: +44 (0) 7976 431608

 
Public & Investor Relations      
Alan Green

 

     

ABOUT SEED CAPITAL SOLUTIONS PLC

Seed Capital Solutions Plc (LON: SCSP) is currently operating as a Special Purpose Acquisition Vehicle (SPAC) for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, thereby benefitting from the current trend of superior performance and increased investor appetite.

ECR Minerals #ECR – Preliminary findings from Creswick drilling

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to provide the following preliminary update of its drilling programme at the Davey Road site in its Creswick tenement.  Drilling was undertaken in December 2023.

HIGHLIGHTS

  • Seven successful holes were drilled and there is extensive evidence of anomalous gold with the best result being 23.39 g/t Au over 1 metre.
  • The best sample still has 4.7 g/t Au in the tailings of the initial results which is typical of coarse gold that ECR expects in this location.
  • Around 30 additional bulk samples from the 20-30kg ‘leftovers’ from the preliminary drilling results have been concentrated in a dry blower. Panning of this material has consistently shown visible gold and these samples are being sent for laboratory testing.
  • Variation in the preliminary results indicates a likely dipping vein (i.e. the gold mineralisation is not in a vertical structure) but the further analysis being undertaken is expected to assist with the geological interpretation.

The full results of this bulk sample testing are expected to be completed shortly.

Alongside this, the second phase of the Company’s drilling programme in Creswick (at Kuboid Hill) is ongoing and further announcements will be made in due course.

Details of current drilling and significant intercepts > 0.5g/t

Hole ID Total depth (metres) Significant intercepts Visible gold in bulk samples between interval (metres)

(awaiting assay results)

CDYRC001 66 1m @ 2.53 g/t Au from 6m

1m @ 2.42 g/t Au from 37m

1m @ 0.79 g/t Au from 38m

1m @ 0.53 g/t Au from 29m

1m @ 0.50 g/t Au from 30m

0-1

5-7

30-31

36-39

CDYRC002 84 No significant intercepts to date but pending bulk sample analysis
CDYRC003 84 No significant intercepts to date but pending bulk sample analysis
CDYRC004 84 No significant intercepts to date but pending bulk sample analysis 54-56
CDYRC005 54 1m @ 23.39 g/t Au from 14m

1m @ 1.01 g/t Au from 15m

13-16
CDYRC006 84 No significant intercepts to date but pending bulk sample analysis
CDYRC007 66 No significant intercepts to date but pending bulk sample analysis 12-13

Mike Whitlow Chief Operating Officer said: “This is an encouraging start to our examination of Davey Road.  Based on ECR’s work historically in this region, our expectation was that any gold would be both course and confined within narrow veins.  These preliminary results support this assumption and consequently analysis of the bulk samples is a necessary step before we have a full picture of the geology.  There is plenty so far to be pleased with but these results are indicative only and we look forward to gaining a better understanding of the location once full testing is complete.”

REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON

This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies. 

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman

Nick Tulloch, Managing Director

Andrew Scott, Director

Email:

info@ecrminerals.com

Website: www.ecrminerals.com
WH Ireland Ltd   Tel: +44 (0) 207 220 1666
Nominated Adviser

Katy Mitchell / Andrew de Andrade

SI Capital Ltd Tel: +44 (0) 1483 413500
Broker
Nick Emerson
Novum Securities Limited  Tel: +44 (0) 20 7399 9425
Broker

Jon Belliss

Brand Communications Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green

ABOUT ECR MINERALS PLC

ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has eight active exploration tenements and two in application (Ballarat and Tambo).

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”), which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Lolworth Range, Queensland, Australia. The Company has also submitted a license application at Kondaparinga which is approximately 120km2 in area and located within the Hodgkinson Gold Province, 80km NW of Mareeba, North Queensland.

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.

ECR holds a 90% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.

Alan Green covers Sovereign Metals #SVML, Premier African Minerals #PREM and Voyager Life #VOY on this week’s Stockbox Research Talks

Alan Green covers Sovereign Metals #SVML, Premier African Minerals #PREM and Voyager Life #VOY on this week’s Stockbox Research Talks

First Class Metals #FCM – West Pickle Lake: Nickel Drill Results

First Class Metals PLC (“First Class Metals” “FCM” or the “Company”) the UK metals exploration company seeking large scale metal discoveries across its extensive Canadian Schreiber-Hemlo  Sunbeam and Zigzag land holding is pleased to report that Palladium One continues to intersect potentially economic Ni-Cu mineralisation in and around the West Pickle Lake (“WPL”) Joint Venture area.

Highlights adapted from Palladium One release1

  • In the West Pickle Lake area, chonolith / feeder dyke structures now extend over more than five kilometres of strike length.
  • Drilling along the eastern margin of the West Pickle Zone targeted bore hole electromagnetic anomalies (“BHEM”) returned 1.8% Ni and 1.0% Cu over 1.5 metersin hole TK23-134 (Figure 1).
  • A new nickel zone has been identified with intercepts returning up to 0.4% Ni and 0.2% Cu over 2.7 meters including 1.0% Ni and 0.4% Cu over 0.9 meters in hole TK23-128 in an area with soil anomalies as high as 0.15% Ni, 0.27% Cu and 86 parts per billion (“ppb”) Pd + Pt (Figure 1).

1Palladium One Drilling Confirms Mul | Palladium One Mining Inc. (palladiumoneinc.com)

Of significance are holes TK23-134, on the eastern extent of the WPL JV area and hole TK23-128, to the north-west of WPL and close to the 100% owned North Hemlo block of FCM.

Marc J. Sale CEO commented:

“I remain encouraged with the progress the Palladium One exploration is making in the WPL zone and the wider discovery area. Particularly the success near to the FCM claim boundary with the results from TK23-128.”

“FCM will continue to pursue third party interest in this sector of North Hemlo.”

Figure 1 extracted from Palladium One news release 01/02/24. Showing the position of drill hole TK23-134. In the JV area, as well as TK23-128 to the NW of WPL and close to the North Hemlo property boundary.

ENDS

For further information, please contact:

James Knowles, Executive Chairman JamesK@Firstclassmetalsplc.com 07488 362641
Marc J Sale, CEO MarcS@Firstclassmetalsplc.com 07711 093532

Novum Securities Limited

(Financial Adviser)

David Coffman/ George Duxberry  www.novumsecurities.com (0)20 7399 9400

Sovereign Metals #SVML outlines ambitious goals and significant achievements at Proactive presentation

In a recent presentation at the Proactive One2One Investor Conference, Sapan Ghai Chief Commercial Officer of Sovereign Metals Limited, outlined the company’s ambitious goals and significant achievements. Sovereign Metals, dual-listed on the ASX and AIM, aims to become the world’s largest and lowest-cost producer of two critical minerals, titanium (in the form of rutile) and natural graphite, with minimal emissions.

The company’s Kasiya project in Malawi boasts the world’s largest rutile deposit and the second largest flake graphite resource globally. A significant milestone was the acquisition of a 15% stake by Rio Tinto in July 2023 for $14 million, aiding in advancing the definitive feasibility study of Kasiya. The pre-feasibility study completed in September 2023 revealed Sovereign’s potential to be the top producer of rutile and graphite at the lowest cost, projecting an average annual EBITDA of $415 million over an initial 25-year mine life, utilising only 30% of the known resource. The Kasiya project, unique for hosting both rutile and graphite, is notable for its saprolite hosted mineralisation, allowing easy extraction without extensive drilling or blasting.

The company enjoys strong government and community support in Malawi, along with excellent infrastructure. The Rio Tinto investment, besides financial support, offers operational and market access advantages, particularly in qualifying graphite for lithium-ion batteries. Sapan highlighted the importance of rutile, a high-purity and scarce form of titanium, in various industries including defense, medical, and technology. The global titanium market, worth $25 billion, heavily relies on ilmenite; however, rutile’s scarcity is increasing, with major suppliers nearing the end of their resources. Sovereign Metals, with its significant rutile and graphite deposits, stands to capitalise on this growing market gap. The company’s stock price, currently around 23p, is perceived as undervalued given its potential and the scale of its resources

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