A Few interesting quotes in the context of the discussion in the...

A Few interesting quotes in the context of the discussion in the last few days.

"...We needed to do a capital raising at some stage this year, but we hadn’t worked out how, when, and how much. It was the feedback from our investor trip on-site following Mining Indaba that prompted us. 'George Kenway (Nimrodel chairman) and I went over to Sydney with Bell Potter Securities and we met a group of institutional investors and clients of theirs, and the feedback was very strong. Hence instead of going for the minimum, we decided to take as much as we could, while we could, and go for double.
“We don’t have to raise money for some NIMRODEL
Nimrodel’s site office in the village of Takatokwane, 195km east of Gaborone Thick, shallow coal core from hole P1-8 at Takatokwane South The resource we have at Takatokwane is fantastic. We do need to do more infill drilling there to firm the resource up obviously, but right now the exciting phase of exploration will be the current drilling campaign at Takatokwane South time now. We are funded through to the next phase of drilling and beyond, as we are preparing our data for a potential PFS..."



"...Most of the Takatokwane South mineralisation is found between 60-80m, shallower than at the Takatokwane resource..."

"...Phase two is an infill drill programme at Takatokwane South and Takatokwane. What we have identified is the envelope where we believe there is shallow export quality coal with low sulphur. What we are returning to do is firm up an export quality portion of our resource. That is important for investors to understand that this is a world-class coal resource...."


"...It is early days on the project, but the purpose of the scoping study is to provide Nimrodel with a basic outline of the Takatokwane coal product, market analysis for added value products, and options for commercial development. Mason said he was extremely pleased with the study results so far.

“What we have is a huge resource of varying qualities. What we are identifying now through our drill programme is the export quality coal. Beyond that, there is the opportunity for local power generation, and potentially coal-to-liquids as well, so there are other aspects that we as Nimrodel wouldn’t have the capability to do, but partners would be looking to come in...."


"...The board’s view is that we can actually ring fence portions of our resource for different partners’ potential...."


"...The Government is bringing a centralised group that will deal with everything from licenses through to infrastructure for rail, for power stations, for everything that is coal related, under the one umbrella of government. Basically, a one-stop shop. Such support could benefit Nimrodel greatly, which out of all ASX-listed coal explorers in Botswana is trading at the greatest discount according to Mason; Nimrodel has an enterprise value per resource tonne of $0.006.
But with so much exploration, test work and studies planned for the year, Mason hopes this won’t be the case for long...."