Bardoc Gold (ASX: BDC)

St Barbara Limited (ASX: SBM) has entered into an agreement to acquire 100% of the shares in Bardoc Gold Limited (ASX: BDC)  to be implemented by way of an all-scrip scheme of arrangement.

 

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Bardoc Gold receives an all scrip offer from St. Barbara Ltd.

 

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St Barbara Limited (ASX: SBM) (“Company” or “St Barbara”) refers to its earlier announcement of its entry into an agreement to acquire 100% of the shares in Bardoc Gold Limited (ASX: BDC) (“Bardoc”), to be implemented by way of an all-scrip scheme of arrangement (“Scheme”).

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Highlights

• St Barbara to acquire Bardoc with 3.1Moz Mineral Resource estimates and 1.0Moz Ore Reserves estimate
o Significant land package including highly prospective Bardoc Tectonic Zone
o Zoroastrian and Aphrodite deposits shovel ready
o Located 180km south of Leonora adjacent to rail line and highway enable economic haulage to Leonora processing plant
• Acquisition coincides with upgrade of Tower Hill resource to 1.2Moz, an increase of 0.6moz
• Significant resource position underpins plans to expand the Leonora processing plant from 1.4Mtpa to 2.1Mtpa
• Growth plan funded through operating cashflow and existing debt facilities

 

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St. Barbara management comments

“A key component of our Leonora Province Plan, which we launched in December 2020, was a review of opportunities in the region where we could deliver value.

 

“Earlier this year we identified that the Bardoc ore bodies are in proximity to the Kalgoorlie-to-Leonora rail line and highway bringing them within economic haulage range of Leonora.

 

“In combination with our existing organic opportunities, including Tower Hill and Harbour Lights, this acquisition positions us to accelerate the delivery of a multi-decade province of satellite mines feeding an upgraded 2.1 M tpa capacity mill capable of alternating between free milling and refractory ore at Leonora.

 

“Importantly, our plans for the integration and development of the Bardoc deposits, as well as our other growth initiatives, will be fully funded through future operating cashflows and existing debt facilities.

 

“The addition of Bardoc’s extensive land package to St Barbara’s leading position in the Leonora province provides a strong platform for the Company to deliver organic growth for years to come. Providing us with an expanded presence in the Western Australian
goldfields.

 

“This transaction further establishes St Barbara as a growing gold company.”

St Barbara Managing Director and CEO Craig Jetson

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To read the full news release, please click HERE

 

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Bardoc Gold (ASX: BDC)

Bardoc Gold have consolidated their shares in issue by a factor of 6 to 1.

As a result the shares in issue have reduced from 1,735,257,376 post consolidation to
289,209,563, representing a 6 to 1 consolidation.   […] 

 

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Bardoc Gold	ASX : BDC
Stage	Exploration
Metals	Gold
Market cap	A$111 m   @ 6.4 c
Location	Kalgoorlie, Western Australia

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Bardoc Gold Consolidate Their Shares in Issue 6 to 1

 

Bardoc Gold (ASX: BDC) have consolidated their shares in issue by a factor of 6 to 1.

As a result the shares in issue have reduced from 1,735,257,376 post consolidation to
289,209,563, representing a 6 to 1 consolidation.

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Bardoc Gold highlights

Bardoc Gold are a gold mine exploration and development company operating north of Kalgoorlie in Western Australia.

The 100%-owned Bardoc Gold Project is located just north of Kalgoorlie in the Eastern Goldfields of Western Australia.

Bardoc Gold has consolidated a 250km² ground position 40km north of Kalgoorlie, one of the world’s premier mining locations, with a high-quality Mineral Resource of 3.07M oz and 1M oz Ore Reserve forming the foundation for a long-life Australian gold business.

A high-quality Definitive Feasibility Study was completed in March 2021 – which forecasts average production of 136k oz pa at an AISC of A$1,188/oz, underpinning strong margins and financial returns.

This was followed by a Cash-Flow Optimisation Study in September 2021 which delivered an optimized mine schedule and project configuration for the Bardoc Gold Project.

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To read the full news release, please click HERE

 

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

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,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

 

.

Disclosure

At the time of writing the poster holds shares in Bardoc Gold, bought in the market at the price prevailing on the days of purchase.

 

Mining Review Sunday Update 28th November 2021

This week has been a game of two halves for gold, starting with the weakness created by the confirmation that Biden has renewed Jerome Powell’s chair of the FED, and then the news of the new covid variant sent investors back into gold as a safe haven.

 

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City Investors Circle – Mining Review Sunday Update 28th November 2021

This week has been a game of two halves for gold, starting with the weakness created by the confirmation that Biden has renewed Jerome Powell’s chairmanship of the FED, and then the news of the new covid variant sent investors back into gold as a safe haven.

 

Coking Coal is having a poor time after the recent high, sending Colonial Coal back down a tad as a result. Colonial has had a strong run so there was bound to be some profit taking, but the price remains strong.

The new covid variant is causing a panic, and it remains to be seen whether it kills the rise in base metal prices. Gold initially rose after the variant news came out, but fell back later in the day.

The takeover of Kirkland Lake by Agnico Eagle was completed.

 

Stocks on our watchlist in the news this week

Bardoc Gold Confirms Zoroastrian Extension at depth

Lithium Power International AGM Presentation

Newcore Gold Nyam Drilling Finds High Grade Gold at Enchi, Ghana

Westhaven Gold Halts Drilling at Shovelnose due to flooding

American Creek Reprices Stock Options Lower

Los Cerros Ceibal is a major gold porphyry discovery

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Market Data

(All figures are in US$)

 

Gold	1792	-3%
Silver	23.09	-6%
Palladium	1751	-17%
Platinum	954	-12%
Rhodium	13700	+2%

A poor week all round, with gold and silver suffering due to Jerome Powell’s retention of his chairmanship of the FED, and the rest of the PGM’s because of lower car production due to the world shortage of semi-conductors.

 

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Copper	4.51	+2%
Nickel	9.56	+6%
Zinc	1.56	+4%
Tin	18.6	+5%

Base metals enjoyed a positive week, and tin and nickel continued their strong rise during the last year.

 

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Cobalt	28.39	+6%
Manganese	3.52	+3%
Lithium	29023	+3%
Uranium	48.05	+2%

The energy metals finally stirred into life after a brief hiatus.  Cobalt outshone the rest, and lithium continues to rise on tight supply rumours.

 

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Iron Ore	103.9	+21%
Coking Coal	287	-8%

After a few torrid weeks where its price has more than halved, iron ore finally rose back over the $100 mark.  Coking coal continues its retreat from the highs, despite continued commentary suggesting shortages in China.

 

The City Investors Circle Mining Review Weekly Market Updated is concluded.

 

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

 

.

Disclosure

At the time of writing the poster holds shares in American Creek, Bardoc Gold, Colonial Coal, Los Cerros, and  Newcore Gold, bought in the market at the price prevailing on the days of purchase.

 

 

Bardoc Gold (ASX: BDC)

Reported significant results from recent diamond drilling targeting depth extensions and infill of the multi-lode mineral system at the cornerstone 530koz Zoroastrian Deposit, part of its 100%-owned Bardoc Gold Project near Kalgoorlie in Western Australia.

Recent drilling has intersected new mineralisation, including defining the Bank of England Lode, at depth.

 

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Bardoc Gold	ASX : BDC
Stage	Exploration
Metals	Gold
Market cap	A$111 m   @ 6.4 c
Location	Kalgoorlie, Western Australia

 

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Bardoc Gold confirm outstanding high grade drill results from depth at Zoroastrian 

 

Bardoc Gold Limited (ASX: BDC, Bardoc or the Company) is pleased to report significant results from recent diamond drilling targeting depth extensions and infill of the multi-lode mineral system at the cornerstone 530koz Zoroastrian Deposit, part of its 100%-owned Bardoc Gold Project near Kalgoorlie in Western Australia.

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The recent drilling has intersected new mineralisation, including defining the Bank of England Lode at depth, while in-fill drilling has further defined the known main lodes within the current Resource and Reserves.

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Assays of up to 166g/t Au extend the multi-lode mineralised system below the current
530koz Resource, with in-fill drilling expected to upgrade the Resource classification

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Key Points:
• Recent extensional and infill diamond drilling has successfully intersected the target zones, with results exceeding expectations with assays of up to 166g/t Au.
• The latest results include:
− 7.22m @ 3.45g/t Au from 214.9m including 2.43m @ 7.58g/t Au from 219.69m, and 1m at 33.52g/t including 0.2m at 166g/t Au in KND210009
− 9.62m @ 5.13g/t Au from 199.46m in KND210010
− 4.2m @ 6.08g/t Au from 279.25m in KND210013
− 3.4m @ 7.11g/t from 152.5m in KND210014
− 11.6m @ 3.13g/t Au from 411.4m including 7.24m @ 3.99g/t Au from 415.11m in KND210014
• Drilling delineates an extension to the Bank of England footwall lode at depth, currently not included in underground Resources.
• The current Ore Reserve at Zoroastrian is 98koz Au and is based on mining only three of the multiple lodes present, excluding Bank of England. The total Mineral Resource at Zoroastrian is 7.5Mt @ 2.2g/t Au for 530koz Au.
• The results, including in-fill drilling to improve Resource confidence, will be used to update the Zoroastrian Mineral Resource Estimate.

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The Bardoc Gold Project has Ore Reserves of 1Moz within a total Resource of 3.07Moz.

This recent phase of drilling was targeted at areas of the Mineral Resource model that are classified as Inferred. The aim is to upgrade the Inferred material to Indicated classification to allow it to be included in future Ore Reserves after Mineral Resource Estimates and mining studies are completed.

The high-grade results returned at depth confirm significant upside at the Zoroastrian Deposit, demonstrating that the multi-lode system extends well below the current Mineral Resource boundaries.

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Bardoc Gold management comments

“This important drilling program has not only increased our confidence in the Zoroastrian South Lode – paving the way to upgrade Inferred ounces to the higher-confidence Indicated category, it has also vindicated our belief that Zoroastrian is capable of delivering additional high-grade ounces over the longer term.

“Opportunities to work on close-spaced, multi-lode deposits such as Zoroastrian are hard to find in today’s investment climate – and the Blueys South, Zoroastrian South and Bank of England Lodes are essentially unmined, providing significant long-term upside over the life of mine.

“It is quite likely that the Bank of England Lode will be similar in both grade and width to the Blueys South and Zoroastrian South Lodes once we have an opportunity to further test the lode position within the fractionated dolerite.

“These are important results which reinforce the huge upside that we see across the Bardoc Gold Project.”

Bardoc Executive Director Neil Biddle 

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For brevity, this summary has been redacted, to read the full news release, please click HERE

 

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

 

.

Disclosure

At the time of writing the poster holds shares in Bardoc Gold, bought in the market at the price prevailing on the days of purchase.

 

Bardoc Gold Limited (ASX: BDC)

Advised that recent drilling at the North Kanowna Star Project, which forms part of the Company’s 3.07 M oz Bardoc Gold Project near Kalgoorlie, has identified a significant mineralised corridor, with more than ten prospects now identified as high priority for further exploration.

 

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Bardoc Gold	ASX : BDC
Stage	Exploration
Metals	Gold
Market cap	A$113 m   @ 6,5 c
Location	Kalgoorlie, Western Australia

 

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BARDOC GOLD  – OUTSTANDING RESULTS UPGRADE POTENTIAL OF NORTH
KANOWNA STAR CORRIDOR

 

More than ten high priority targets identified, with positive assays also received
from Bulletin South.

 

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Bardoc Gold Limited (ASX: BDC, Bardoc or the Company) is pleased to advise that recent drilling at the North Kanowna Star Project, which forms part of the Company’s 3.07Moz Bardoc Gold Project near Kalgoorlie, has identified a significant mineralised corridor, with more than ten prospects now identified as high priority for further exploration.

The 100%-owned North Kanowna Star Project is located 29km south-east of the Bardoc Gold Project and has a current Mineral Resource of 32koz at the Perseverance-Wedge Deposit.

These latest results have significantly upgraded the potential scale of the North Kanowna Star district, which is now considered to be comparable to the +1Moz Zoroastrian-Excelsior corridor.

Key Points:

• Final assaysfrom exploration drilling at the North Kanowna Star Project have returned significant gold mineralisation in fresh rock, with highlights including:
− 9m @ 2.45g/t Au from 61m in NKC210017
− 1m @ 18.0g/t Au from 47m in NKC210001
− 3m @ 5.63g/t Au from 69m in NKC210019
− 1.2m @ 13.6g/t Au from 35.8m in NKD210002
− 13m @ 1.03g/t Au from 26m in NKC210024
− 2.4m @ 5.53g/t Au from 44.4m in NKD210003
− 8m @ 1.65g/t Au from 32m in NKC210037
− 7m @ 1.45g/t Au from 28m in NKC210041
− 1m @ 2.88g/t Au from 43m in NKA210043
− 3m @ 1.10g/t Au from 32m in NKA210041
• Latest results indicate more than ten high priority targets within the North Kanowna Star district, significantly upgrading the potential scale of the project.
• Positive results, including visible gold, from infill core drilling at Bulletin South, with best results of:
− 22.9m @ 2.31g/t Au from 68.7m in KND210004
− 14.6m @ 1.11g/t Au from 103.5m in KND210005

 

A Strategic review of the Bardoc Gold Project is ongoing.

 

Bardoc Gold Managment Comments

“North Kanowna Star was emerging as an exceptional longterm exploration target.

 

“The scale of the alteration and mineralisation across the North Kanowna Star project area is truly exceptional, extending over more than 3km in length, similar in strike to the Zoroastrian/Excelsior corridor that forms the backbone of our 3.07Moz Bardoc Gold Project.

 

“North Kanowna Star is emerging as a long-term exploration project, where we see an opportunity to delineate substantial new Resources with the potential to provide strong additional value to the Bardoc Gold Project.

 

“Our exploration team has identified more than ten high priority prospects, with technical work now underway to integrate the geological, geophysical and geochemical data to rank the prospects and develop follow-up exploration programs.”

Bardoc Gold’s Executive Director, Neil Biddle.

 

North Kanowna Star

The North Kanowna Star Project contains multiple prospects over a 3km strike. The presence of strong gold anomalism over such a large area makes it a highly-significant location within the local geological landscape.

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To read the full Bardoc Gold news release, please click HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email  andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

 

Disclosure

The writer holds stock in Bardoc Gold, bought in the market at the prevailing price on the day of purchase

.

 

Mining Review Sunday Update 19th September

The story of the week again, sadly, was the falling gold price, into the mid 1700’s, due to better than expected US retail figures, and a strengthening US dollar.

Iron ore is another casualty, but for a different reason.  Coking coal is roofing it as supply is tight, bring companies like Colonial Coal into investor focus.

 

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Mining Review Sunday Update 19th September

The story of the week again, sadly, was the falling gold price, into the mid 1700’s, due to better than expected US retail figures, and a strengthening US dollar.

Iron ore is another casualty, but for a different reason, the Chinese government is limiting steel production for the remainder of 2021, causing a sharp drop in demand for iron ore.

Coking coal is roofing it as supply is tight, bring companies like Colonial Coal into investor focus. The price has more than doubled in a few short months.

 

Stocks on our watchlist making news this week

Orla Mining – Placed 8th in the TSX30 for stock price performance over three years.

Wesdome Gold – Placed 10th in the TSX30 for stock price performance over three years.

Apollo Consolidated – Defined some robust gold zones at Lake Rebecca

Fiore Gold – Amended their Pan Mine Technical Report

Neometals – The Primobius JV have started phase 2 of their battery recycling project

Gold Road – Reported a net profit and a dividend

Bardoc Gold – Highlighted the potential to grow the Zorastrian deposit

 

Market Data

 

Precious metals

Gold	1755	-2%
Silver	22.4	-6%
Palladium	2015	-8%
Platinum	943	-1%
Rhodium	14500	-6%

Gold got thumped by some unexpectedly good US retail numbers, and fell sharply back through to around $1,760.   Silver took an ever harder beating, losing 6% in 5 trading days.

Palladium was knocked back on lower car production due to a shortage of micro chips, and reports that some manufacturers are switching to platinum due to the lower cost.

 

 

Base metals

Copper	4.22	0%
Nickel	9	-2%
Zinc	1.39	0%
Tin	15.85	3%

 

 

Energy Metals

Cobalt	22.19	-1%
Manganese	2.87	-1%
Lithium	22941	+16%
Uranium	44	+9%

Lithium is roaring away as supply concerns are forcing battery companies to try and secure supply at ever higher prices.

Uranium is rising rapidly due to the actions of the Sprott Physical Uranium Trust buying a significant quantity on the spot market to warehouse, thus driving up prices. Sprott has just announced it is raising another $1 billion for uranium purchases. I wonder if Sprott is related to the Hunt brothers?

 

Bulk commodities

Iron Ore	102	-25%
Coking Coal	359	+22%

Quite an extraordinary divergence here, with iron ore slumping due to Chinese steel production limitations at the same time as a real coking coal supply crunch.

 

Miscellaneous

GDX	30.58	-3%
GDXJ	40.48	-1%
Sil	37.46	-4%
SILJ	12.46	-3%
GLD	163.77	-2%
Au / Ag Ratio	75.94	+1%
10 yr Tbond	1.371	2%
US  index (DXY)	93.26	1%
HUI	237.63	-2%

The precious metal ETF’s had predicable falls, given the losses on the other precious metals, as the US dollar strengthened.

The gold / silver ratio is widening again just as it seemed to be returning to a more normal level.

 

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email  andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Bardoc Gold, Colonial Coal, Gold Road Resources, and Orla Mining.