My Feb 2019 update
345.5M shares on issue
$4+ mil cash
Change in top 3 shareholders late last year.
#1. MACA offmarket transaction to Atasa Holdings (ex Alliance Minerals CEO - Pramoko)
#2. Tinci Materials chairman
#3. ?
GR Engineering just won an EPC contract with Oz Minerals - interesting teamwork
WMP
The PFS resource infill drill program was completed, approximately 40,000m of RC, maiden Ore Reserve estimate being published with the PFS results.
A further 4,000m of RC was completed as part of an additional 23,000m brought forward from the planned Stage 2 Feasibility Study (FS) program.Resource definition drilling is due to re-commence during the March Quarter.
Not much on Succoth drilling as yet but has commenced. Hoping to hear more very soon on this year’s drilling. Very important this one IMO.
The PFS is on-track for completion in the second quarter of 2019.
One point I did like in the quarterly was this one regarding Mt Squires (
please get moving on this)...
”Following completion of drilling at the West Arunta Project, attention has now turned to accelerating exploration at Mount Squires. A number of gold prospects are already defined although further work may enhance some of these targets prior to drill testing. Targeting work is expected to continue through the March Quarter in preparation for drill testing during the upcoming field season.”
Cassini 3 year chart, slow and steady...so far ^
Nickel on the move, some recent gains from uncertaintity with Vale’s nickel operation after the horrific disaster at their iron ore mine in Brazil. A lot of people died and they are mainly concerned with updating shareholders with operational status announcements, really!!
More here if you weren’t aware
https://www.cnbc.com/2019/02/06/report-detailed-issues-at-vale-mine-before-deadly-dam-collapse-wsj.htmlInteresting recent testimony from Simon Moores (BMI) - 19% yikes...
https://www.energy.senate.gov/public/index.cfm/files/serve?File_id=9BAC3577-C7A4-4D6D-A5AA-33ACDB97C233Copper starting to find its feet again, $US2.84 as I speak and LME stocks still showing up drained. Palladium at all time highs, going great guns! IMO metal prices are still somewhat linked to Trump/Xi trade talks which are progressing slowly, hopefully they will be resolved by March so further tarriffs are cancelled and provide a positive stimulus for all.
Have a great #RIU conference Greg and all the best in pushing out an oustanding PFS in Q2,
and dont forget Mt Squires this year please?!GLTAH
