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Cyclone’s eye on Yalardy REE potential as gravity survey looms

Special Report: Cyclone Metals will soon kick off a rare earths gravity survey in the Yalardy area in WA, where … Read More
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Cyclone Metals will soon kick off a rare earths gravity survey in the Yalardy area in WA, where an interesting anomaly has caught its eye.  

Cyclone’s (ASX:CLE) plan for a detailed gravity survey will focus on the Sebastian gravity anomaly, which sits on one of the two tenements held in the Yalardy area east of Shark Bay.

The company believes the anomaly could represent the top of a geological intrusion, feasibly related to a carbonatite – the type of rock which can contain considerable accumulations of rare earth elements (REEs), base metals and minerals such as iron, titanium in vanadium.

The location of the Yalardy exploration licences. Pic: Supplied.

Carbonatites similar to those at Lynas Corporation’s (ASX:LYC) world-class Mt Weld rare earths deposit near Laverton are considered prospective for copper, gold and REEs.

The gravity survey will provide information about the densities of rocks beneath the surface at the project, with carbonatites likely to be more dense than the surrounding rocks.

For Cyclone, that would mean a gravity response at surface.

The results of the survey will be used to evaluate a suitable future drilling program plan for the tenements in the Yalardy area.

Cyclone said a comprehensive, licence-wide regional geochemical survey was also being designed, with REEs, mineral sands and gold the principal objectives.

The gravity survey will begin before the end of the month, while the geochemical survey is planned to start at the beginning of November.

Geochemical sampling over the project area carried out last year identified two REE anomalies at the project – including the Sebastian anomaly about to be tested.

Cyclone was granted the exploration licences for the Yalardy project in May of this year.

Timing ripe for rare earths

Rare earth elements have made international news in recent times thanks to their importance to the magnets and technologies expected to drive the world toward a greener future.

As the name suggests, the term refers to more than one mineral – more on that topic can be found here.

The minerals have been identified across Australia, the US and the EU as critically and strategically important. More than 85 per cent of the world’s supply currently comes from China, according to US think tank the Center for Strategic and International Studies.

That being the case, and with rare earths a critical component of the electric vehicles and wind turbines required for a green future, price forecasts are looking particularly strong.

A good time to be exploring for REEs.


 

 

This article was developed in collaboration with Cyclone Metals, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Cyclone’s eye on Yalardy REE potential as gravity survey looms appeared first on Stockhead.







Author: Special Report

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St-Georges Announces the Closing of the $5.57M Offering

Montréal – November 30, 2021 – St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) (CNSX:SX.CN) is pleased to announce the closing of its…

Montréal – November 30, 2021 St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) (CNSX:SX.CN) is pleased to announce the closing of its previously announced non-brokered private placement offering of 10,127,273 “flow-through” units at a price of $0.55 for total gross proceeds of $5,570,000.15. A total of 11 subscribers participated, including 4 insiders for $305,000 and 3 institutional investors in Sprott Assets, Maple Leaf and Marquest for $3,725,000 or 66.8%.

Each FT Unit is comprised of one (1) common share in the capital of the Company on a “flow-through” basis (each, a “FT Share”) and one half (0.5) FT Share purchase warrant (each, a “FT Warrant”). Each full FT Warrant entitles the holder thereof to purchase one (1) Share at an exercise price of $0.65 for a period of 24 months (the “Warrant Expiry Date”).

In the event that, during the period of 4 months following the closing date of the Offering, the trading price of the Shares on the Canadian Securities Exchange (the “CSE”) reaches $1.25 per Share on any single day, the Corporation may, at its option, accelerate the Warrant Expiry Date by delivery of notice to the registered holders (an “Acceleration Notice”) thereof and issuing a press release (a “Warrant Acceleration Press Release”, and, in such case, the Warrant Expiry Date shall be deemed to be 5:00 p.m. (Montreal time) on the 30th day following the later of (i) the date on which the Acceleration Notice is sent to warrant holders, and (ii) the date of issuance of the Warrant Acceleration Press Release.

The Corporation will use the proceeds of the Offering to further advance the exploration effort on its wholly owned Manicouagan Project following important recent developments.

The Corporation paid finder fees of $302,700.01 in cash and issued: (i) 557,273 non-transferable Finder’s warrants entitling the holder thereof to purchase at an exercise price of $0.65.

All securities issued pursuant to this Offering are subject to the applicable statutory hold period ending March 31, 2022. The Offering is subject to the approval of the CSE.

Related Party Transaction

Certain insiders of the Corporation subscribed for a total of 554,545 FT Units under the Offering, which is a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuances to the insiders are exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Corporation’s shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the related parties did not exceed 25% of the Corporation’s market capitalization.  The Corporation did not file a material change report more than 21 days before the expected closing of the Offering as the details of the Offering and the participation therein by related parties of the Corporation were not settled until shortly prior to closing and the Corporation wished to close on an expedited basis for sound business reasons.

ON BEHALF OF THE BOARD OF DIRECTORS

“Neha E. Tally”

NEHA EDAH TALLY
Corporate Secretary

About St-Georges Eco-Mining Corp.

St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full circle EV battery recycling. The Company explores for nickel & PGEs on the Julie Nickel Project and the Manicougan Palladium Project on Quebec’s North Shore and has multiple exploration projects in Iceland, including the Thor Gold Project. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1 and on the OTCQB Venture Market for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.







Author: MikeyMike426

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Government Handling Of COVID Has Been “A Crime”, Expect More Selloffs: Trader

Government Handling Of COVID Has Been "A Crime", Expect More Selloffs: Trader

Submitted by QTR’s Fringe Finance

This is Part 1 of an exclusive…

Government Handling Of COVID Has Been “A Crime”, Expect More Selloffs: Trader

Submitted by QTR’s Fringe Finance

This is Part 1 of an exclusive interview with Rosemont Seneca, a U.S. based professional trader focused on event-driven and distressed situations. Rosemont spent their career on the buy-side working as a financials analyst and their investing/trading style is inspired in equal parts by Icahn and Druckenmiller.

Like me, Rosemont is not an RIA and does not hold licenses. Market commentary and opinion expressed in this interview are personal views, not investment advice or solicitation for business.

QTR’s Note: The point of this blog is to bring to the reader information and perspectives they, or the mainstream media, may not otherwise find on their own. The cool thing about FinTwit is that you get to meet people based on their ideas and investing acumen and not their identities. I have been following Rosemont on Twitter for years and love their perspective and takes on the market – their takes often stand at odds with my own and they have helped me broaden my horizon and be less bearish on markets, while still maintaining my skepticism about monetary policy. They have chosen to remain completely anonymous with me, which I respect, and I have never personally met or otherwise know anything about the identity of Rosemont. That doesn’t matter, however, because I like their ideas and their commentary. You can follow Rosemont on Twitter here.

Part 2 of this interview can be found here.

Bernard Baruch, 1919 / Photo used for @rosemontseneca’s Twitter profile

Q: Hi Rosemont. Thanks for agreeing to an interview for my readers despite wanting to stay anonymous. Right off the bat: why do you use Bernard Baruch for your Twitter profile photo?

Baruch is one of the most fascinating Wall Street characters of 20th Century. He has tremendous intuition and gut instinct for the markets, macro economics and politics and he reminds us that the three are intertwined at all times

That’s a great segue to my next question: you recently got very bullish on gold when you hadn’t been in the past – what caused that shift in attitude?

We saw a global risk contagion event in capital markets today (11/26); Bitcoin lost over 8.0% of its value, the S&P dropped -2.2% and gold ended the session flat on the day after a mostly positive session. We expect more days like this in 2022.

This is the first time since the post-GFC period in 2009 that we’ve purchased or held gold instruments in our portfolios. At present we own an 8.0% position in the GLD ETF and periodically traffic in Barrick Gold and Newmont equities. Recall that during the Q4 2018 ‘Taper Tantrum’ and most acute phase of the COVID dislocation in Q1-Q2 2020, gold futures, ETFs, and gold miner equities protected your wealth from severe capital market drawdowns.

Gold is an umbrella we hope will keep us dry if it rains very hard next year.

Holding gold in a portfolio today is a pragmatic ‘TINA’ bet borne of healthy caution in the wake of a multi-year equity bubble that has begun to run amok.

The reality is gold is not an optimal investment for compounding wealth in the long-run; owning the GLD ETF since inception in 2004 has returned a roughly 8.0% CAGR which is adequate for a pension fund or retiree but relatively mediocre vs. the alternatives.

Investors are better off owning Walmart, Costco, McDonald’s or Starbucks and grow our capital tax-efficiently with high-ROE/RoIC ‘compounders’ that pay dividends. The gold ‘streamers’ such as Wheaton and Franco-Nevada however happen to be very interesting investments with compelling business models that have generated compounder-like returns for Shareholders over the last two to three decades.

We’ve come a long way from the market depths of March 2020 and perhaps it’s time to take a more cautious stance going into year-end. We are currently operating on the premise that the Nasdaq and S&P could see negative returns in 2022. If the indices see a drawdown of 10-20% (or greater) we expect gold to appreciate or hold its value in real terms next year. There are labor and supply chain shortages globally that will definitely impact the gold mining industry. If CPI hits escape velocity and reaches 8-10% higher next year, we’ll be content with a 10% allocation in gold as we expect institutional and speculator capital flows to put a firm bid behind the yellow metal.

You’re one of the very few out there calling the entire crypto space a bubble. What’s the key argument in differentiating crypto from other assets? Is crypto worth zero or is there a value and, if there is, where does the value come from?

In the last few years market participants have adopted a pseudo-religious attitude towards Bitcoin, Ethereum, and a whole host of crypto currencies. People have come to either ‘believe’ or ‘not believe’ in the asset class and its prospects.

What we can definitely say today is that there are over 14,850 different crypto currencies trading on over 430 venues with a combined ‘market capitalization’ of roughly $2.5 trillion dollars. To our best knowledge these assets produce zero cash flow or dividends, exhibit very high volatility, remain subject to boom-bust sequences, and are used as an apparatus for elaborate criminal hacking schemes.

Photo: Time.com

The average daily volume of these 14,000+ crypto currencies is roughly $150 billion per day. We estimate that approximately 90% of this turnover is driven by purely speculative or gambling capital flows from small retail traders. If we assume that roughly 2-3% of average daily volume consists of bona fide commercial transactions (including portfolio investment), this leaves almost $10 billion of daily volume that derives from money laundering, fraud and other illicit schemes etc.

Some governments have rushed to legalize, adopt or allow for crypto currencies to proliferate in their economy for fear of stymieing or not supporting innovation. Others have taken a hardline stance and begun to outlaw the usage of crypto in their banking and financial system. We are of the view that Bitcoin-like protocols present a clear & present danger to many emerging market countries’ ability to issue currency and sovereign debt over the next decade. As the true nature of these crypto assets become more evident, we’ll see more and more countries outright ban and prosecute their usage in their economies.

Bitcoin and Ethereum (combined 60% of total crypto market capitalization) may very well survive and find a way to thrive due to ‘fiat-by-consensus’ adoption. Under that scenario they clearly will not trade to zero. But that doesn’t negate the presence of a current bubble where 99% of cryptos are of near-zero ultimate value. Promoters have come to euphemize cryptocurrencies as ‘projects’ but most cryptocurrencies are outright frauds.  

We think it’s time for crypto investors and regulators to have a more honest, empirical framework for discussing the intrinsic value and risks of these crypto assets. If we can handicap real estate on cap rates and LTV ratios and equites on P/E ratios and cashflow yields, we should adopt a framework for Bitcoin and Ethereum etc (Dogecoin?) that doesn’t border on the pseudo-religion.

wrote an entire article based off your assumption that we are once again in a 1999-2000 style crash setup. What were the signs that helped you recognize this?

In the wake of the COVID crisis and ensuing Monetary/Fiscal stimulus, too many people with very little financial literacy or professional training took up day-trading of equities, options and crypto currencies as a hobby and eventual vocation. The prudent, cautious amongst us (Warren Buffett included) were seemingly left behind in the speculative frenzy that ensued in the summer of 2020.

We’re often reminded to not confuse investing/trading luck with skill. Regardless, many very young people made a lot of money in a very short period and thought that this process was somehow normal or even sustainable. To be perfectly clear: there was nothing normal about the Meme Stock frenzy, SPAC mania, or crypto and NFT bubble that erupted.

When we witnessed trillion-dollar market caps such as Tesla and Nvidia trading like biotechs in the frenzy of Q4 of 2021, we decided we’d seen enough of this equity market mania. It was eerily reminiscent of Cisco, Lucent, Intel in 1999. The equity market today feels bloated and reckless; it’s probably a good time to start taking chips off the table and leave the party while people are still having fun.

November 2021 was a harsh reminder that valuations and capital structures eventually do matter; people will learn the hard way.

What are the most likely catalysts to set the market off moving lower?

Nobody rings the bell at a market top, but negative catalysts include:

–       inability to eradicate COVID in Europe & Asia will keep global trade and travel routes shut for another year

–       cascade of lingering supply chain woes = potentially very recessionary

–       debilitating energy price spikes in 2022-2023 = looming stagflation

–       margin loan balances are at historically very high levels

–       continuation of the Tech selloff we witnessed in Q4 2021

–       fraud & accounting malpractice (always prevalent in manias)

–       Fed signaling significantly higher interest rates in the aftermath of inflation

–       Geopolitics: a potential Kamala Harris Presidency would see Russia and China turn belligerent overnight

What’s your take on how we’re handling Covid? You’ve mentioned what happened to our economy over the last 18 months was “economic terrorism”. Will we learn – either through people revolting or negative consequences – or will we continue down this Orwellian path?

It’s very disappointing to see how politicized the pandemic became in the United States. It obviously didn’t help that COVID struck in an Election year, but there will be plenty of blame to go around the table when a proper post-mortem analysis is conducted years from now. We hope that Bethany McLean (Enron: The Smartest Guys in the Room) will eventually write a thoroughly unbiased expose on the timeline of policy decisions in 2020. We’re of the firm belief that our Leaders in Washington D.C. did more harm than good in the early months of this pandemic.

We can safely conclude the 2020 COVID shutdowns are the direct cause for the supply chain dislocations and hyperinflation that Americans are about to suffer. The shutdowns that we witnessed in the United States were a flawed policy decision akin to willful pilot error or ‘economic terrorism;’ Federal and State Governments suffocated millions of livelihoods and permanently destroyed hundreds of thousands of perfectly viable small & medium family-owned businesses. The larger, better capitalized multinational corporations capable of accessing capital markets and Government Stimulus Programs not only survived, they eventually thrived.

What happened can only be described as a crime.

Part 2 of this interview, where we discuss inflation, the Biden administration, why China banned crypto and more, can be found here.

DISCLAIMER: 

It should be assumed I or Rosemont Seneca has positions in any security or commodity mentioned in this article. None of this is a solicitation to buy or sell securities. Neither I nor RS hold licenses or are investing professional. None of this is financial advice. Positions can always change immediately as soon as I publish this, with or without notice. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I get shit wrong a lot. 

Tyler Durden
Tue, 11/30/2021 – 15:30


Author: Tyler Durden

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These 18 ASX resources IPOs are due to list in December. EIGHTEEN.

It’s like an advent calendar for mining and exploration IPOs, except instead of factory floor chocolate you get gold. GOLD. … Read More
The post These…

It’s like an advent calendar for mining and exploration IPOs.

Sometimes two.

Please note that these listing dates are extremely speculative. If you’re interested, contact the company direct for a better idea of when they expect to start trading on the ASX.

COSMOS EXPLORATION (C1X)

Focus: Gold, Copper and Nickel

Tentative Listing Date: 1 Dec

The RareX (ASX:REE) spinoff wants to raise $5m through its IPO. It has two projects: ‘Byro East’ (nickel-copper-PGEs) in WA and ‘Orange East’ (gold) in NSW.

Byro East was pegged by $45m market cap rare earths explorer RareX last year. It is very greenfields — having never been drilled — but Cosmos has identified four areas which could be prospective for Ni-Cu-PGEs.

Based on past exploration work, Cosmos has also identified several gold-copper targets at the small 40sqkm ‘Orange East’ project.

 

ORANGE MINERALS (ASX:OMX)

Focus: Gold, Copper

Tentative Listing: 3 Dec

Orange, which is looking to raise $7m in an IPO, is hunting for copper-gold in two major regions: Lachlan Fold Belt (NSW) and Eastern Goldfields (WA).

The NSW assets are close to major gold mines like Cadia (43.4Moz). In WA, it has ground within 25km of Lefroy’s (ASX:LEX) ‘Burns’ copper gold discovery (38m @ 7.63g/t gold, 0.56% copper).

A minimum 1,500m of drilling is planned following listing, with maiden resource at ‘Calarie’ gold project in NSW forecast for early 2022.

 

8AU (ASX:8AU)

Focus: Gold, Nickel, Copper, PGEs

Tentative Listing Date: 3 Dec

The FirstAU (ASX:FAU) spinoff wants to raise between $8m and $12m through its IPO. It has lodged its prospectus with ASIC and is seeking to listing on the ASX around 3 December.

It has five projects in WA. Its flagship is ‘Talga’ project in the East Pilbara, a leading exploration location with new discoveries made nearby by Calidus Resources (ASX:CAI) at its ‘Warrawoona’ project and De Grey Mining (ASX:DEG) at Hemi.

The potential targeting of ‘Hemi-like’ intrusions within the East Pilbara projects present an exploration opportunity for 8AU “as both the exploration areas of the Talga JV and Railway Well project are located in a comparable geological environment”, it says.

 

LARVOTTO RESOURCES (ASX:LRV)

Focus: Gold, Copper, Cobalt, Nickel, PGEs

Tentative Listing Date: 6 Dec

Larvotto is looking to raise up to $6m in an IPO. It has three main projects: ‘Mt Isa’ (copper-gold-cobalt in Queensland), ‘Eyre’ (nickel-gold-PGEs in WA) and ‘Ohakuri’ (gold in NZ).

Mt Isa — acquired from Minotaur Exploration and Rio Tinto — is in a well-endowed, world-class copper and gold region.

Nearby deposits include the Mount Isa Mines Operation (MIM), Ernest Henry, E1, Swan-Mt Elliott, Starra, Osborne, Little Eva, Eloise, Jericho, Barbara, and Kulthor.

Larvotto says the project, although adjacent to the famous MIM operation, has been underexplored using modern exploration techniques.

 

AMERICAN WEST METALS (ASX:AW1)

Focus: Zinc, Copper, Indium

Tentative Listing Date: 7 Dec

John Prineas-chaired American West wants to raise $11m through its IPO. It has three advanced, high grade base metal projects in Utah focused on copper and zinc; two of which already have significant resource estimates.

The ‘West Desert’ project already hosts a 59Mt historical zinc-copper resource defined under Canadian NI-43-101 standards.

Following admission to the ASX, American West will undertake work to establish a JORC compliant resource – a must-have for ASX listed companies — and will further assess development potential with scoping studies.

The company will also continue exploration across the large and underexplored project area “where high-grade intersections of copper and zinc have already been encountered outside the resource envelope, indicating strong potential for further discoveries”.

 

RUBIX RESOURCES (ASX:RB6)

Focus: Copper, Nickel, PGEs, Zinc, Gold

Tentative Listing: 8 Dec

Rubix is looking to raise $4.5m in an IPO.

Its key asset is ‘Paperbark’, 25km from the ‘Century’ mine held by New Century Resources (ASX:NCZ) in North Queensland.

Supporting the Paperbark Project are three greenfields (unexplored) projects: ‘Etheridge’ (gold in Queensland) ‘Lake Johnston’ (nickel, copper, PGEs in WA) and ‘Collurabbie North’ (nickel, copper, PGEs in WA).

 

PANTHER METALS (ASX:PNT)

Focus: Gold, Nickel

Tentative Listing: 10 Dec

WA-based PNT, a subsidiary of London-listed Panther Metals PLC, raised $5m in an IPO.

Initial drilling will take place at the Coglia nickel-cobalt project, where a JORC compliant exploration target of 30-50 million tonnes at 0.6-0.8% nickel and 400-600 parts per million cobalt has already been defined.

The Merolia gold project is also high on Panther’s agenda, with immediate drilling also planned at the ‘40 Mile Camp’ 2.5km by 5km gold anomaly.

 

RONIN RESOURCES (ASX:RON)

Focus: Gold, Copper, Coal

Tentative Listing: 10 Dec

Colombia-focussed Ronin is looking to raise $5m in an IPO.

The company’s main game is ‘Vetas’: a large, high-grade, thermal coal project containing a JORC Compliant Exploration Target.

The Santa Rosa Project is an earlier stage gold and copper project “located in a prolific artisan mining district”.

 

HARANGA RESOURCES (ASX:HAR)

Focus: Gold, Uranium, Lithium

Tentative Listing Date: 13 Dec

The African gold, lithium and uranium explorer wants to raise up to $6.5m in an IPO.

‘Saraya’ in Senegal is an advanced-stage uranium-lithium-tin project explored by French Government-owned Areva prior to 2010. That work included an estimated 48,000m drilling.

The project is mainly hosted by granites and pegmatite units which is also prospective for lithium, tin, tantalum and niobium, with spodumene (lithium minerals) having been visually reported.

The ‘Issia’ gold project in Cote d’Ivoire is proverbial stone’s throw from Tietto Minerals’ (ASX:TIE) 3.02Moz ‘Abujar’ project, which should produce its first gold bar in the fourth quarter of 2022.

 

INFINTY MINING (ASX:IMI)

Focus: Gold, Lithium, Nickel

Tentative Listing Date: 14 Dec

WA-based Infinity is a Macarthur Minerals (ASX:MIO) spinoff looking to raise between $7m and $10m in its IPO. The offer has now closed.

It will have 19 tenements covering 711sqkm in the Pilbara and Central Goldfields.

 

ARMADA METALS (ASX:AMM)

Focus: Nickel, Copper, PGEs

Tentative Listing Date: 15 Dec

Armada wants to raise between $8m and $10m through its IPO.

It has 2,991sqkm of ground in the Nyanga Province, Gabon which includes several drill-ready nickel-copper targets like ‘Libonga North’, ‘Libonga South’ and ‘Matchiti Central’.

With over U$10m spent on exploration to date, Armada plans to hit these targets hard with drilling over the next two years.

 

CHEMX MATERIALS (ASX:CMX)

Focus: High Purity Alumina, Kaolin, Manganese

Tentative Listing Date: 20 Dec

ChemX — more advanced materials technology company than aspiring miner– wants to raise $7m through its IPO.

It says it has developed a proven process to produce High Purity Alumina (HPA), a critical input for battery technology.

ChemX plans to develop this ‘HiPurA’ HPA tech, as well as the ‘Kimba’ kaolin-halloysite and ‘Jamison Tank’ manganese projects in South Australia where exploration drilling is scheduled to kick off in Q1 2022.

 

DMC MINING (ASX:DMM)

Focus: Nickel, Gold

Tentative Listing Date: 22 Dec

WA-based nickel explorer DMC wants to raise $5m through its IPO.  It has two projects: ‘Ravensthorpe’ and ‘Fraser Range’.

Ravensthorpe is a nickel and gold project next door to First Quantum Minerals’ (FQM) open-pit nickel mine and the RAV8 sulphide nickel mine. There has been limited historical exploration within the project, DMC says.

The 873sqkm of Fraser Range tenements makes DMC one of the largest junior landholders in the region, which is best known for its company-making Nova nickel discovery.

 

FALCON MINERALS (ASX:FAL)

Focus: Gold

Tentative Listing Date: 22 Dec

This hotly anticipated Chalice Mining (ASX:CHN) spinoff will be chaired by Mark Bennett, discoverer of the aforementioned Nova nickel discovery.

Falcon wants to raise between $15m and $30m through its IPO to tackle three projects: Pyramid Hill (VIC), Viking (WA), and Mount Jackson (WA).

Pyramid Hill — CHN’s No 1 focus before it hit the motherlode at Julimar – is highly prospective for high-grade gold deposits like the nearby, world-class Fosterville mine.

Since 2018, CHN has completed ~124km of drilling across the ~5,000sqkm project, defining four large scale prospects.

They include ‘Karri’, which is defined by shallow gold hits up to 34g/t over ~4km of strike, and ‘Banksia’, a giant 10km-long anomaly which returned hits up to 8.7g/t.

 

ARBARTA RESOURCES (ASX:AB1)

Focus: Gold and Base Metals

Tentative Listing Date: 23 Dec

Arbarta wants to raise between $5m and $7m through its IPO. It has three exploration projects in WA – ‘East Laverton’, ‘England’ and ‘Edward’.

East Laverton sits on~ 1200sqkm of its namesake underexplored East Laverton Greenstone Belt.

Greenstone belts host economic deposits of many minerals — including silver, copper, and zinc — but they are best known for gold.

Edward is also in an area of underexplored greenstone belt on trend to the south of the ‘Marvel Loch’ and ‘Transvaal’ deposits, and ~40km from the Marvel Loch processing facility.

England is next door to the Granny Smith processing facility in Laverton owned by miner Gold Fields. This means any discovery could be developed quickly, it says.

 

SOLIS MINERALS (ASX:SLM)

Focus: Copper

Tentative Listing: 24 Dec

The South American copper play is looking to raise $6m in an IPO.

It is already listed on the TSX, so this IPO is designed to “significantly enhance its exposure to investors in the ASX market, which has a dynamic and deep junior resources exploration sector”.

Solis has three large-scale copper exploration projects in Chile and Peru.

The recently acquired ‘Mostazal’ project in Chile has a multi-kilometre porphyry target to be drill-tested this year, underneath a high-grade copper-silver historical resource.

Solis also owns the ‘Ilo Este’ and ‘Ilo Norte’ projects in Peru’s southern coastal copper belt, prospective for porphyry and IOCG discoveries.
 

VERTEX MINERALS (ASX:VTX)

Focus: Gold

Tentative Listing: 24 Dec

This gold explorer is looking to raise $5.5m in an IPO. It has four projects: ‘Hill End’ (NSW), ‘Hargraves’ (NSW), ‘Pride of Elvire’ (WA), and ‘Taylors Rock’ (WA).

Hill End is in the region where the Beyers and Holtermann nugget — the largest single piece of reef gold ever discovered — was found. This is the nugg itself:

Feast ur eyes.

 

ANDEAN MINING (ASX:ADM)

Focus: Copper, Gold

Listing: Just before Xmas

Andean (expected code: ADM) seeks to raise up to $7m through its initial public offering that is due to close on 9 December.

Its relatively advanced ‘El Dovio’ copper-gold (with silver and zinc) project in Colombia is a volcanogenic massive sulphide system –deposits that are rich in base and precious metals like copper, zinc, lead, gold, and silver.

Because these deposits tend to ‘cluster’ together, VMS camps – like  DeGrussa on Western Australia — can often be mined for a very, very long time.

Nearby VMS projects include producing ‘El Roble’ mine, which has mined ore plus reserves totalling 3.89Mt grading 2.77% copper and 2.44 grams per tonne (g/t) gold, and ‘El Alacran’ (4.8Mt at 1.4% copper and 0.83g/t gold).

El Dovio is also close to other significant mining projects such as AngloGold Ashanti’s 28 million oz gold equivalent (AuEq) ‘Quebradona’ project and Zijin Mining’s 12Moz ‘Buritica’ gold mine. Great neighbourhood.

The post These 18 ASX resources IPOs are due to list in December. EIGHTEEN. appeared first on Stockhead.
















Author: Reuben Adams

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