Share Talk Ltd

Mike Whitlow, Managing Director, said: “It has been a highly productive year for ECR, with significant progress made across our portfolio of gold and rare earths projects, and exploration activities are set to accelerate even further. We consider that we’re on the verge of identifying the key sources of gold at Lolworth, with a number of high-priority drill targets soon to be lined up for testing.  This marks a pivotal step forward as we look to unlock the project’s full potential. At the Blue Mountain Project, we are eagerly anticipating the results from our enhanced gold recovery process which will be critical in guiding us towards the potential commercial options for gold extraction.  In Victoria, our focus remains firmly on drilling. We’re set to commence drilling at the Tambo Project in the coming weeks and work is underway to further explore the highly prospective Antimony potential at Bailieston. With the recent surge in this critical mineral’s price, we believe that the Bailieston project’s Antimon

Zak Mir talks to Rupert Verco, CEO of Cobra Resources, as the mineral exploration and development company advancing a potentially world-class ionic Rare Earth Elements discovery at its Boland Project in South Australia announced the results from ongoing metallurgical studies. This included exceptionally high recoveries of up to 82% of high-value rare earths. Key Points: High Recovery Rates: Cobra Resources has achieved exceptionally high recoveries of rare earth elements, particularly magnet and heavy rare earths, with up to 82% recovery from samples containing 0.5% total rare earth oxides. These results are promising due to the low levels of impurities, leading to reduced processing costs. Market Understanding and Challenges: Despite strong results, the market may not fully understand the significance of the REEs or may be impacted by broader market conditions. The company has faced challenges in raising capital, but maintains strong support from major shareholders, minimizing dilution. Scalabi

Zak Mir talks to Jonathan Owen, CEO of Metals One, after the recent announcement that the company which is advancing strategic minerals projects in Finland and Norway, said that the Company’s Råna Project partner and operator, Kingsrose Mining Limited, has entered into a service agreement with Arctic Drilling AS, for the commencement of helicopter supported core drilling at the Rånbogen prospect on the Råna Project in August 2024. The program aims to prove two high-priority targets by September, with results expected in October. The Rana Project, a former successful mining site, holds promising geological potential near the base of the intrusion. Successful drilling could lead to extensive resource definition and potential development, moving from exploration to a more de-risked development phase. Kingsrose Mining has invested over $3 million and is approaching a majority shareholding in the joint venture, demonstrating a strong commitment to the project’s prospects. Metals One benefits from a free carry

Prospex Energy (AIM: PXEN), an investor in European gas and power projects, announced that Spanish regulatory authorities have granted a 10-year extension to the El Romeral 1, 2, and 3 natural gas production concessions, owned by Tarba Energia. Prospex holds a 49% interest in El Romeral through its investment in Tarba. The royal decree, signed on July 24, 2024, permits the Spanish Ministry for Ecological Transition and the Demographic Challenge (MITECO) to extend the El Romeral natural gas concessions for 10 years, the maximum allowable term. This extension ensures the supply of electricity to the Spanish grid from the El Romeral gas facility and power plant until at least July 2034, with a potential further extension to 2044. El Romeral is currently operating at 30% capacity (2.7 MW) as Tarba awaits permits to drill five additional infill wells on the concessions to boost production. Moreover, an adjacent solar project named "Helios" is expected to add 5 MW, utilizing shared infrastructure with the gas f

European Green Transition PLC (AIM: EGT) CEO Aiden Lavelle and CFO Jack Kelly take Share Talk Zak Mir through the latest developments at the Limni copper project in Cyprus. Here is the list of questions: You announced an option for a Copper Tailings Recycling project in Cyprus back in April and I see you had results out today on this; Aiden, can you please tell us more Jack, it was mentioned that there is potential for a solar energy project there also – tell me more about that. Aiden, the Olserum Rare Earth Project in Sweden, which is 100% owned by the company, has announced a raft of positive results over the last few months. How are things progressing there? What’s next up for the Olserum Rare Earths project? It was mentioned that drilling is expected to start in H2? Jack, I found the recently announced Altan Peatland Carbon Credit Project very interesting– how do you see that working? How do you see the Carbon Credit Project fitting in with EGT’s strategy of ‘developing a portfolio of green economy

The helium exploration and development company focused on helium deposits within the ‘Montana Helium Fairway’, after the company announced the commencement of construction work on an access road and drill pad, at the Ingomar Dome project area in Montana. The latest Oak Securities note on Helix Exploration: Oak Securities – Helix Exploration (HEX) – Rudyard Acquisition (FINAL) Highlights ·    Construction commenced of 0.75-mile access road and drill pad at Ingomar ·    Two well Q3 2024 drilling program: Clink #1 well at Ingomar and Darwin #1 well at Rudyard ·    Drilling of Clink #1 well to commence following completion of civils ·  Combined budget cost of the two well programmes are estimated at approximately $4.1m which demonstrates the potential for the Company to operate cost-effective exploration and development within the state of Montana Timeline Construction on the access road and drill pad has commenced at the Clink #1 location within the Ingomar Dome Project.  The access road has been surveye

Kavango Resources (LON: KAV), the Southern Africa-focused metals exploration company, announced the successful completion of drilling the first high-priority target at the Karakubis Copper Project in Botswana’s Kalahari Copper Belt.  Field analysis of drill cores taken from this target confirms the presence of a copper-silver mineralising system at Karakubis, as well as further indicators of structural trap sites. KAV said it started drilling at Karakubis to confirm the presence of a copper-silver mineralising system. Results from its first target have surpassed its expectations. This validates the geological model and confirms the potential to discover a large-scale copper/silver deposit. Kavango Resources* (KAV LN) 1. 53p, Mkt Cap £21m – Early validation of the exploration model at Karakubis, Botswana Kavango Resources reports that its drilling at the Karakubis project in the Kalahari Copper Belt in Botswana has confirmed “the presence of a copper-silver mineralising system at Karakubis, as well as

Zak Mir spoke to Metals One PLC CEO Jonathan Owen as the company which is advancing strategic minerals projects in Finland and Norway, announces a maiden JORC Inferred Mineral Resource for the P5 area of the Finland - Black Schist Project of 29 Mt1. This brings the total Black Schist Project resource to 57.1 Mt, more than double the previous estimate. Metals One doubles its Black Schist project’s resource estimate in Finland to 57.1 million tons, increasing its value to around $3 billion. The company is fast-tracking a Preliminary Economic Assessment, aiming to complete it by the year’s end, crucial for development metrics and EU project status. Metals One plans a phased expansion with multiple satellite pits, ensuring low-cost, high-volume mining inspired by successful nearby operations. The interview with Jonathan Owen, CEO of Metals One, conducted by Zak Mir. The discussion focuses on the company's recent progress and strategic plans. Key Points: MRE Upgrade and Doubling Resource: Metals One has

Poolbeg Pharma Chief Executive Officer, Jeremy Skillington PhD present an overview of their current programmes and opportunities, focussing on POLB 001, data, exclusive option agreement and their AI-powered research using human viral challenge data Headquartered in London and publicly traded on the London Stock Exchange & the OTC Markets in the US AIM: POLB | OTCQB: POLBF Poolbeg Pharma plc is committed to the development and commercialisation of innovative medicines that address critical unmet medical needs. They are focused on strategically commercialising approved and marketed drugs to fund the development of a robust pipeline of innovative products, driving significant value creation. Jeremy Skillington began his biotechnology career in the Business Development group of Genentech, Inc in California in 2002. At Genentech, he was responsible for executing over 40 licencing, investment and collaboration transactions.  Returning to Ireland in 2009, Jeremy led Business Development and was a member of t

After the announcement that the company has entered into a definitive option agreement with Terra Balcanica Resources Corp. (CNSX: TERA) for the sale of its uranium projects located in Saskatchewan, Canada. Highlights ·  Proximal to northern and southeastern edges of the Athabasca Basin (“Basin”) in northern Saskatchewan, a premium mining district and leading global source of high-grade uranium; ·   Charlot-Neely is located within the emerging Uranium City district on the northwestern margin of the Basin; ·   Historical work at the projects has demonstrated evidence of uranium mineralization along favourable structural trends with prospective target horizons based on electromagnetic conductors; and ·   Future exploration by Terra will see the undertaking of a modern systematic geologic fieldwork and geophysical surveys to determine the resource potential. Ryan Mee, Chief Executive Officer of Fulcrum, commented: “We are thrilled to announce the signing of a definitive option agreement for the sale of ou

Zak Mir talks to Bernard Aylward, CEO of Kodal Minerals, the mineral exploration and development company, who provided an update on the initial drilling assay results returned at the Boumou prospect located within the Bougouni Lithium Project in Mali. In this interview, Aylward provides an update on the progress of the Bougouni Lithium Project in Mali. Bernard Aylward, CEO of Kodal Minerals, remarked: “The Boumou prospect at our flagship Bougouni Lithium Project continues to exceed our expectations and these new wide, high-grade intersections provide further support for the interpretation of the continuity of the pegmatite mineralisation, as defined in the March 2023 drilling campaign.  The extension and definition of the Boumou prospect continues to be the highest priority for the exploration drilling, and the potential to define further coarse grained mineralisation suitable to dense media separation (“DMS”) treatment may provide the opportunity to further extend the current 4-year life of the Stage 1 Ngo

On Friday, UK gas company Sound Energy PLC (SOU.L) announced that it has sold its subsidiary, Sound Energy Morocco East Limited, to Morocco’s largest mining company, Managem. According to Sound Energy, the transaction totals $45.2 million and is crucial for advancing production in the eastern Morocco gas field, Tendrara. Managem stated that the Tendrara field will begin production next year, with an expected annual output of 100 million cubic meters. Managem plans to boost production at the Tendrara field to 280 million cubic meters once it is connected to an existing gas pipeline linking Morocco to Spain, the company added. Managem’s CEO, Imad Toumi, mentioned in the statement that the group is actively seeking other gas assets in Africa. As part of the deal, Sound Energy will retain a 20% interest in the Tendrara Production concession and a 27.5% working interest in both the Grand Tendrara Exploration Concession and the Anoual exploration permit. Commenting, Graham Lyon (Executive Chairman of Sound Ener

Share Talk took the opportunity to talk to Aidan Bishop today, the share price in the past month has reached 125% with news from the farm-out  deal for the Gubong gold project in South Korea and the Declaration Of Mining Project Feasibility Work Commencing At The Batangas Gold Project In The Philippines Bluebird has completed a $5 million farm-out deal for the Gubong gold project in South Korea. This agreement incorporates a free carry arrangement, allowing the company to delay additional investments until specific milestones are achieved. The Gubong project, which holds an estimated 1.3 million ounces of gold, is pivotal to the company's strategy to evolve into a junior gold producer. Bluebird intends to replicate this joint venture model across other projects, utilizing local partnerships and the technical know-how of the Bluebird team to reduce development risks and enhance production efficiency. "Momentum is crucial..." Aiming for an annual production of 82,000 ounces (with a 40% stake held by BMV), al

ECR Minerals (AIM: ECR), a mineral exploration and development company focused on gold in Australia’s Victoria and Queensland regions, continues to expand its focus beyond the Bailieston and Creswick gold projects with which it has long been associated. Cashed up, and with campaigns across three projects, with a possible fourth in the works. Adam discusses the 2024 exploration campaign, highlighting the project’s unexplored potential, historical rock chips with high gold grades, and significant underground adits that allow for thorough geological assessment. The current campaign focuses on reconnaissance, rock chip sampling, mapping adits for 3D models, stream sampling, and soil sampling to identify new targets. Additionally, the region shows potential for bismuth alongside gold, adding further value to the exploration efforts. Here are the key points from the video: Introduction: Adam Jones, chief geologist at ECR Minerals, is on site at Tambo in Victoria, Australia. Project Recap: Historical rock

Zak Mir interviewing Jason Brewer. Brewer, a director of multiple London-listed mining companies, discusses the operations and strategic focuses of his companies, such as Marula, Neo, Shuk, and Unicorn. He highlights the emphasis on accelerating and expanding production projects, particularly in Africa, where these companies operate. Brewer details how his role involves actively participating in strategic planning and execution rather than merely holding a nominal position. The discussion also touches on the current state of commodity prices and their impact on mining operations, pointing out the challenges and opportunities within the junior mining sector in the UK and globally. https://www.share-talk.com/zak-mir-talks-to-jason-brewer-about-the-london-junior-mining-space/

Kavango Resources plc (LSE: KAV), the Southern Africa-focused metals exploration company, announced the Company has raised £3,085,366 by the issue of  257,113,862 New Ordinary Shares in the capital of the Company (“New Ordinary Shares”) at a price per share of 1.2 pence, via an underwritten accelerated bookbuild. Share Talk took the opportunity to catch up with CEO Ben Turney to hear his thoughts and what the future holds for investors. The company announced yesterday that it has agreed to updated terms for the exercise of the Hillside Call Option with the vendors of the Hillside Project ("Hillside") and Leopard South Project. Kavango has granted a royalty of 5% of gold production on the properties, capped at a value of $1,500,000, and which Kavango may at its option buy out within 12 months for an issue of 63,125,000 shares in the Company. Ben Turney, Chief Executive Officer of Kavango, commented: “Following the successful completion of the £3.08million financing, we’ve finalised terms on exercising the

Andy Carroll, CEO of Mosman Oil and Gas Ltd (LON: MSMN), spoke with Share Talk with the news that the company has received the final Government approval on the Farmin of its Australian project EP 145, in which Mosman currently holds a 100% interest.   Work now continues to secure all required approvals for the next step of exploration by Farmin partner, Greenvale Energy Ltd (ASX: GRV / 'Greenvale'). Farmin Agreement A Farmin Agreement was signed with a subsidiary of Greenvale in October 2023, where it can earn 75% interest by funding seismic acquisition and drilling a well (to a cap of AUD 5.5 million). With the approval from the Northern Territory government now in place,  the Farmin will proceed accordingly. Greenvale will earn a 75% working interest in EP 145 by: ·      Paying AUD 160,000 in cash to Mosman within 5 business days. ·   Paying for the EP 145 Permit Year 3 Work Programme, including seismic acquisition and processing. ·     Funding the Permit Year 4 Work Programme, including drilling one

In the interview on Zak Mir's channel, Bernard Olivier, CEO of URA Holdings, discusses the recent developments at the Gravelotte Emerald Mine. Olivier reports that the mine has commenced production on schedule and within budget. He highlights that the mine, historically a significant source of emeralds in the 1970s, is ramping up production with a focus on building up stockpiles for future auctions. He praises his team for their efficiency in bringing the mine back into production quickly and below cost. The discussion also touches on the company's plans for the second half of the year, including generating revenue from the first auction of emeralds. Olivier emphasizes the importance of having a large enough quantity of run-off mine material to attract buyers. Here are the key points from the interview with Bernard Olivier, CEO of URA Holdings: Start of Production: URA Holdings has started production at the Gravelotte Emerald Mine on schedule and within budget. Phased Production: The company is curre

Zak Mir talks to Naheed Memon, CEO of Oracle Power, as she answers the latest questions from shareholders of the project development company. Here’s a summary of the discussion: Financial Status and Fundraising: The company is actively developing multiple projects with different timelines and needs. Although funding is controlled and economically managed, future fundraising is likely as developmental needs arise. Projects in Pakistan: Oracle Power is deeply involved in discussions with local investors, the Pakistani government, and Chinese state-owned enterprises (like Power China) about developments in Pakistan. Despite the lack of frequent updates from Oracle, the company remains actively engaged in significant partnerships and dialogues in the region. Realizing Shareholder Value: The potential value from projects is expected to translate into significant market value. Oracle Power aims to divest interests at advantageous stages of project development, specifically noting a potential 20% stak

Ondo InsurTech PLC (LON: ONDO), a pioneering firm in technology that mitigates water leak claims for home insurers, announced that its performance for the fiscal year ending March 31 met expectations. The company informed investors that it concluded the period with £400,000 in cash and an equivalent amount in accounts receivable that was collected shortly thereafter. Ondo reported notable international expansion, especially with significant progress in the US market, marked by the initiation of partnerships in four states. The company has established collaborations with Nationwide in Ohio, Selective in New Jersey, Mutual of Enumclaw in Washington, and Pure Underwriting in New York, all of which have received favourable responses from insurers and customers alike. These successful introductions have bolstered confidence among Ondo’s management about the potential for further expansion into additional states and establishing more partnerships throughout the year. "The positive feedback and results from ou