Monthly Review May 2024

Has been published by City Investors Circle.

The highlighted company is Ora Banda Mining, and featured companies include Aris Mining and Karora Resources, plus a potential takeover target in Australia.

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G Mining’s TZ project vista, Tapajos, Brazil.

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City Investors Circle Monthly Review May 2024

The highlighted company is Ora Banda Mining, in production in Western Australia, looking ot increase gold production  from 70,000 Oz PA to 100,000 Oz PA in 2025.

Ora banda has a 110 KM trend with a “string of pearls” of targets, and are looking to pivot to underground mining for higher grades and lower costs.

AISC is around A$2,400, and the gold price in Australia is currently A$3,550, so plenty of cashflow to expand exploration and develop their other projects..

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Other featured companies include Aris Mining and Karora Resources, plus a potential takeover target rumour from Australia..

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Precious and industrial metal prices in May were virtually all positive, and we list the gainers and very few losers monthly changes..

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All the company news from May 2024 is listed below, please click on the link to be taken to the full story on the website.chives

To subscribe to receive our complimentary monthly newsletter and invitations

to our free to attend events,

please email andrew@city-investors-circle.com

Cornish Metals (TSX.V / AIM: CUSN)

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Cornish Metals (AIM / TSX.V: CUSN)

Notes the recent decline in its share price and confirms it is unaware of any operational or corporate reason for the price movement.

On April 30, 2024 the Company reported a positive independent Preliminary Economic Assessment for its 100% owned South Crofty tin project located in Cornwall. 

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Cornish Metals Inc. CORNISH METALS’ RESPONSE TO SHARE PRICE MOVEMENT

17/05/2024 7:15am

RNS Regulatory News

Cornish Metals (AIM / TSX-V: CUSN)

Announced today the departure of Chief Executive Officer Richard Williams, effective on March 31, 2024, when he will also leave the Company’s Board.

Mr. Williams will remain available to the Company on a consulting basis going forward.

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 Patrick Anderson, Chairman of the Board of Directors said,

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Firefly Metals (ASX: FFM)

Firefly Metals, the ASX listed exploration and development company that acquired the Green Bay project containing the Ming Mine from former AIM listed Rambler Metals and Mining, have released an updated Corporate Presentation. 

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Comment

I followed the sad story of Rambler Metals as they dived into admininistration and ultimatelly lost their Ming Mine, which was in production, but costs were higher than revenues, a recipe for disaster of course.

Firefly have a strong management team that have created shareholder wealth before, and are going back to the drawing board to drilll out a larger resource before resuming production at Ming.

I like to follow sucessful management teams, in good jurisdictions, so Firefly ticks all the boxes for me.

Firefly Metals Release Updated Corporate Presentation

Firefly Metals (ASX: FFM) the ASX listed exploration and development company that acquired the Green Bay project containing the Ming Mine from former AIM listed Rambler Metals and Mining at a snip, due to the former owner filing for administration, has released an updated Corporate Presentation.

.To view the presentation slide deck, please click HERE

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Cornish Metals (AIM/TSX-V: CUSN)

A mineral exploration and development company focused on advancing the South Crofty tin project in Cornwall, to a construction decision, reported results from the first six drill holes of the ongoing 9,000 metre Carn Brea drill programme.

All six drillholes intersected the Wide Formation lode structure.

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Cornish Metals – South Crofty tin mine, Cambourne, Cornwall

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Impact Minerals  (ASX: IPT)

 A large and significant target for porphyry copper-gold mineralisation has been identified at 100% owned Arkun Project located 150 km east of Perth in the emerging mineral province of southwest Western Australia. 

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Impact Minerals – Caligula–A Significant  CopperTarget at the Arkun Project, WA

Cornish Metals (AIM / TSX.V: CUSN)

A mineral exploration and development company focused on advancing the South Crofty tin project located in Cornwall, United Kingdom, to a construction decision, is pleased to provide an update on the progress of activities and outlook for 2024.

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Firefly Metals (ASX: FFM)

Reported drill results such as 46m at 4.6% Cu, 1.2g/t Au paving the way for a Resource update.

Drilling about to start from underground platform, accelerating Resource growth strategy.

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Firefly Metals Ming Mine location

Comment

Firefly Metals, (formerly Auteco), own the Green Bay Copper Mine previously owned by AIM listed Rambler Metals, which went into administration due to poor management execution after building the mine.

The Madsen Mine cost $400 million to construct, and was bought for a few million dollars, offering investors in Firefly an opportunity to reap the rewards of the past failure.

Firefly Metals Green Bay Copper-Gold Project, Canada, Spectacular grades up to 19% CuEq extend known mineralisation by 350m

Firefly Metals (ASX: FFM) reported drill results such as 46m at 4.6% Cu, 1.2g/t Au paving the way for a Resource update.

Drilling about to start from underground platform, accelerating Resource growth strategy.

Highlights

Results such as 46m at 4.6% Cu, 1.2g/t Au pave way for Resource update; Drilling
about to start from underground platform, accelerating Resource growth strategy
Key Points
• First assays from drilling by FireFly at Green Bay contain high copper and gold grades
over substantial widths
• The intersections extend the known limits of the VMS mineralisation by ~350m down
plunge
• Significant results1 received include:
o 46.4m @ 4.6% Cu, 1.2 g/t Au, 7.5g/t Ag (5.6% CuEq) MUG23-006
o 17.8m @ 4.4% Cu, 2.2 g/t Au, 18.8g/t Ag (6.6% CuEq) MUG23-003
o 14.7m @ 2.6% Cu, 5.5 g/t Au, 24.2g/t Ag, 1.2% Zn (7.5% CuEq) MUG23-004
o 11.2m @ 4.9% Cu, 2.3 g/t Au, 9.7g/t Ag (6.9% CuEq) MUG23-004
o 2.7m @ 13.5%, 7.0 g/t Au, 33.0g/t Ag (19.4% CuEq) MUG23-006
• FireFly is set to accelerate the implementation of its resource growth strategy with first
drilling from the new underground platform expected to start this month
• Plus, a second drill rig has arrived at site to fast-track step-out resource drilling
• More assays expected in coming weeks

FireFly MD Steve Parsons stated;

“To extend the known mineralisation by 350m with such wide, high-grade intersections in our first drilling program speaks volumes about the project’s exceptional quality and
immense upside.”

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To read the full news release, please click HERE

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FireFly Metals (ASX: AUT)

Reported drill Results of up to 9.4% copper and 4.7g/t gold from outside the existing Resource at Green bay.

Formerly Auteco, Firefly has taken over the former producing asset in Newfoundland and is growing the resources before resuming production. 

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FireFly Metals Green Bay Copper-Gold Project, Canada – Exceptional high-grade copper and gold intersections point to rapid resource growth

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Results of up to 9.4% copper and 4.7g/t gold from outside the existing Resource

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Key Points

• FireFly Metals has completed analysis for copper, gold, silver and zinc on historic 2022 drillholes that were only assayed for copper by the previous operator
• In addition to the known high-grade copper, these new results demonstrate significant
quantities of precious (gold and silver) and base metals (zinc) in the high-grade VMS
zone.

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Results include:

o 9.3m @ 9.4% Cu, 4.7 g/t Au, 20.5g/t Ag, 1.3% Zn (13.6% CuEq) RM22-795-15
o 16.8m @ 6.7% Cu, 3.5 g/t Au, 24.8g/t Ag, 4.9% Zn (11.2% CuEq) RM22-795-10
o 41.2m @ 5.9% Cu, 1.3 g/t Au, 13.3g/t Ag (7.1% CuEq) RM22-795-06
o 47.2m @ 4.7% Cu, 2.2 g/t Au, 14.3g/t Ag (6.8% CuEq) RM22-795-14
o 18.4m @ 4.6% Cu, 1.9 g/t Au, 10.9g/t Ag (6.3% CuEq) RM22-795-02
o 31.6m @ 3.6% Cu, 1.1 g/t Au, 9.8g/t Ag (4.6% CuEq) RM22-795-08
• Importantly, these results are from extensions of the high-grade VMS lode and are
therefore outside the Resource
• As part of its Resource growth strategy, FireFly has commenced an underground
exploration drill drive as well as its 40,000m underground diamond drilling programme;
Assays are expected in coming weeks
• FireFly is fully-funded with A$24m to complete the first year of its resource growth and
exploration drilling plan

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FireFly MD Steve Parsons stated,

“This strategy is aimed at achieving rapid growth in the Resource, which will in turn confirm Green Bay is a major high-grade copper-gold project with extensive existing infrastructure in a tier-one location”.

1 All reported results are downhole widths.

Drilling metal equivalents have been calculated at a copper price of US$8,300/t, gold price of US$2,000/oz, silver price of US$25/oz and zinc price of US$2,500/t.

To read the full news release, please click HERE

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Cornish Metals I (TSX.V / AIM: CUSN)

A mineral exploration and development company focused on its projects in Cornwall, United Kingdom, announced that it has released its unaudited financial statements and management, discussion and analysis for the six months ended July 31, 2023.

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Cornish Metals Releases Unaudited Financial Statements and Management’s Discussion and Analysis for the Six Months Ended July 31 2023

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Cornish Metals (AIM / TSX.V: CUSN)

Reported that it has commenced a 14-hole / 9,000 m exploration drilling programme at the Wide Formation target in the Carn Brea South exploration area, located along the southern boundary of the mine permission area on its South Crofty Tin Project located in Cornwall, United Kingdom,

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Cornish Metals         TSX.V : CUSN
Stage                         Exploration
Metals                       Tin, copper
Market cap                C$102 m   @ 19c
Location                    Cornwall, United Kingdom

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CORNISH METALS COMMENCES 9,000 METRE DRILLING PROGRAMME AT WIDE FORMATION TARGET, SOUTH CROFTY TIN PROJECT

Vancouver, September 19, 2023 Cornish Metals Inc. (AIM / TSX.V: CUSN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on its South Crofty Tin Project (“South Crofty” or the “Project”) in Cornwall, United Kingdom, is pleased to report that it has commenced a 14-hole / 9,000 metre (“m”)
exploration drilling programme at the Wide Formation target in the Carn Brea South exploration area, located along the southern boundary of the South Crofty underground mine permission area.

The drill programme is designed to test the geometry and the continuity of tin mineralisation within the recently discovered Wide Formation target (see news release dated January 10, 2023).

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Key Points

• The Wide Formation represents a high-grade tin target inferred to lie parallel to, north of, and beneath the Great Flat Lode;
• Discovery hole CB21-002 intersected 2.77m grading 0.99% tin (“Sn”) within a 12.14m wide zone of strong alteration and disseminated tin mineralisation;
• The alteration style in the Wide Formation, comprising pervasive tourmaline and quartz (termed “blue peach”), is similar in character to that associated with No 8 Lode, one of the most prolific tin producing lodes in the latter years of operation of the South Crofty mine;
• The drill programme will test an area measuring 2,500m along strike (northeast to southwest) and 500m downdip (north to south).

The Great Flat Lode district comprised a series of copper and tin mines that covered a strike length of approximately 5 kilometres (“km”).

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Richard Williams, CEO and Director of Cornish Metals, stated;

“We are very excited to start this drill programme, testing what we believe represents a new district-scale target that is only 500m – 1,000m south of the Tuckingmill Decline at South Crofty.

 

“It reflects the opportunity to make new discoveries close to the South Crofty underground infrastructure and, if the programme is successful, we believe there is
potential to not only grow the Mineral Resource base, but also to potentially expand production rates if the project advances through to mine development.”

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

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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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.
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Disclosure
At the time of writing the author holds no shares in Cornish Metals.

To read our full terms and conditions, please click HERE

Cyprium Metals  (ASX: CYM)

Advised that it has received confirmation from its shareholders at the SGM that its securities will be reinstated to quotation following the voluntary suspension of its securities on 23 February 2023.

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Cyprium Metals – Project locations in Western Australia

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Capital Raising and Proposed Reinstatement Update

Receipt of Reinstatement Conditions and Updates

Cyprium Metals Limited (CYM, Cyprium or the Company) is pleased to advise that it has received confirmation from ASX that its securities will, subject to the satisfaction of certain conditions (Conditions), be reinstated to quotation following the voluntary suspension of its securities on 23 February 2023 (Reinstatement).

The Conditions are detailed in the Company’s notice of general meeting released today, 09 August 2023.

Following receipt of the Conditions, the Company wishes to provide the following updates in relation to the Reinstatement process and Capital Raising (defined below):

• Reinstatement1 will now occur following completion of the proposed capital raising,
comprising:
• the placement to sophisticated and professional investors, in respect of which firm
commitments for $24m have been received (Placement); and
• the pro rata non‐renounceable rights issue to raise up to an additional $5 million
(before costs) (Entitlement Offer),
(together, the Capital Raising).
• To avoid any potential delays with Reinstatement, a transaction specific prospectus for the Entitlement Offer (Prospectus) will now be lodged during the notice period for the general meeting at which all approvals in relation to the Capital Raising will be sought.
• A revised indicative timetable is set out below:

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Updated Indicative Timetable

Dispatch of Notice of Meeting 9 August 2023

Date of General Meeting 7 September 2023

Announcement of results of General Meeting 7 September 2023.

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To read the full news release, please click HERE

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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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.

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.

Disclosure

At the time of writing the author holds no shares in Cyprium Metals

..Eloro REsources

Auteco (ASX: AUT)

Has struck a A$65-million deal to acquire the Green Bay copper and gold mine, previously operated by the former AIM listed Rambler Metals,  in Newfoundland, Canada.

This looks to be a shrewd purchase of a producing mine that could increase tonnage significantly.

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Comment

This looks like a very shrewd deal for Auteco, and we have promoted them to the second tier of our watchlist as a result.

Managament have achieved before, and can clearly see another winner in this deal. Management took A$5 million in the placing, which is good to see them backing themselves to create shareholder value.

They are not going straight back into production, they are going to drill out a much larger resource here before restarting mining.

I have a feeling they will significantly expand the resource here.

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Auteco Closes The deal on the Former Rambler Metals Mine in Newfoundland

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Auteco Minerals (ASX: AUT) Minerals has struck a A$65-million deal to acquire the Green Bay copper and gold mine, previously operated by the former AIM listed Rambler Metals,  in Newfoundland, Canada.

AuTECO submitted a bid under the sale and investment solicitation process for Canadian company Rambler Group, which was ordered by the Supreme Court of Newfoundland and Labrador in March this year, as part of the restructuring proceedings of Rambler Group.

AuTECO’s bid involved the offer to purchase the assets by way of the cancellation of all outstanding issued capital in the Rambler Group, and the issuance of new shares in the company, and a reverse vesting order (RVO).

Under the terms of the acquisition, AuTECO will provide A$35-million in cash on completion of the transaction, as well as A$15-million worth of shares in the company, amounting to around 600-million shares.

A further A$15-million will be payable no later than 18 months following the completion of the transaction, of which A$7.5 million will be payable in cash and a further A$7.5 million in shares. A deposit of A$3.5 million has been paid, which will be deducted from the Stage 1 payments on completion of the transaction.

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 Incoming AuTECO MD Steve Parsons stated,

“Green Bay is an exceptional acquisition opportunity and we were extremely fortunate to be given the opportunity to acquire this asset via the administration process.

 

“It is very rare for a copper asset of this size and grade, with a resource of this magnitude, and such immense growth potential, to come up anywhere in the world, let alone in a tier-one location like the province of Newfoundland and Labrador.

 

“The potential to grow the mineral resource quickly is abundantly clear, with extensive high-grade mineralisation intersected down-plunge and highly promising exploration upside in positions parallel and along strike from the existing resource.”

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The project currently hosts a 39.2-million-tonne resource, at 2.1% copper for 812,000 t of Cu equivalent, of which 68% is in the measured and indicated category.

The mine last produced copper in early 2023, mined by Rambler Metals, and has been on care and maintenance since then, as a result of Rambler’s cash crisis.

The acquisition includes the Ming mine and Nugget Pond processing facility, with the infrastructure valued at around A$250-million.

The transaction will be funded by a minimum A$50-million two-tranche placement, with Parsons saying the capital raising will enable AuTECO to immediately establish an exploration decline with the aim of rapidly growing the resources around historical intersections such as 102 m at 1.7%copper . This intersection is 460 m down plunge of the current resource boundary.

The first tranche of the capital raise will consist of some 347-million shares, at a price of 2.5c each, raising an initial A$8.7-million under the company’s existing placement capacity.

The second tranche will entail the placement of a further 1.65-billion shares, raising a further A$41.3-million.

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To read the full news release, please click HERE

Cornish Metals (TSX.V / AIM: CUSN)

Announced that it has successfully commissioned both submersible pumps that were recently installed in New Cook’s Kitchen shaft and their associated Variable Speed Drives. 

Cornish-metals-south-crofty-sunset-Greg-Martin-Cornwall-Live

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Cyprium Metals (ASX: CYM)

Advised it has secured an 18-month, A$21.0 million1 equivalent USD-denominated secured loan facility with Nebari Natural Resources Credit Fund II, LP.

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Cyprium Metals Secures A$21million of Funding

Secured Loan Agreement

Cyprium Metals Limited (ASX: CYM) (“CYM”, “Cyprium” or “the Company”) is pleased to advise it has secured an 18-month, A$21.0 million1 equivalent USD-denominated secured loan facility with Nebari Natural Resources Credit Fund II, LP.

The facility has refinanced the existing short term Secured Loan Deed facility with Avior Asset Management No. 2 Pty Ltd and provides working capital to advance the
development of Nifty.

Cyprium and Nebari have executed formal loan documentation for a Senior Secured Loan Facility (Loan Facility) to provide up to USD14.5 million in two Tranches, with USD7.5 million drawn at closing and USD7.0 million available to be drawn subject to a limited number of conditions precedent.

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Key terms of the Loan Facility

The material terms of the Loan Facility are as follows:
• Funded amount: up to USD14.5 million, net of original issue discounts (OID)
• Facility term: until 31 December 2024
• Coupon: Secured Overnight Financing Rate (SOFR) +6.5% p.a. payable monthly
• OID: 5.0% on Tranche 1 and 10.0% on Tranche 2
• Amortisation: 100% bullet on maturity
• Warrants: 2-year, 1 for 5.5 warrants which will be priced at either a 20% premium to the share price of a future equity raise or, if no equity raise is completed by 31 December 2023, the warrant strike price shall be priced at A$0.088 per share
• Security: over the assets of Cyprium and its projects.

The Loan Facility contains other terms and conditions that are customary for an agreement of this nature.
It is anticipated that this facility will be rolled into a larger, longer term development financing facility in the near term (likely within 12 months), pending the finalisation of the Nifty life of mine study on the integrated copper oxide Heap Leach SX-EW starter operation and the larger scale sulphide open pit (refer to CYM ASX announcement dated 23 May 2023 “Cyprium Metals Corporate Update).

These studies are currently underway and anticipated to be completed by Q1 2024.

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Management Comment

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Mr Donner, an executive with Cyprium commented

“We are very pleased to have secured financing with Nebari, who are a highly respected and experienced financier of mining projects globally.

 

“We look forward to working with Nebari in relation to this facility and also potential future facilities associated with the development of the large open pit project at Nifty.”

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

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Cornish Metals (TSX.V / AIM: CUSN)

Provided an update on progress at the South Crofty Tin Project located in Cornwall, SW England.

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Cyprium Metals (ASX: CYM)

Advised the following appointments to the management of the Company.

Cyprium has, with immediate effect, appointed two experienced industry executives, Clive Donner and Milan Jerkovic, to work with the current management team and board. Barry Cahill has resigned from the board.

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Cyprium Metals – Project locations in Western Australia

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23 May 2023

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Cyprium Metals Corporate Update

Cyprium Metals Limited (“CYM”, “Cyprium” or “the Company”) advises the following
appointments to the management of the Company:

Appointment of Experienced Industry Executives

Cyprium has, with immediate effect, appointed two experienced industry executives, Clive Donner and Milan Jerkovic, to work with the current management team and board.

The refreshed team will review, optimise and recommend the best path to fund and execute the agreed development plan for the Nifty project.

Clive Donner is an experienced mining private equity and financing expert, who has been engaged to lead the Company’s focus on corporate development and capital raising initiatives for the board. Mr Donner’s initial role will be to assist the Company source and execute the capital financing for the current development plan and thereafter, review the optimum longer term development pathway to commercialise the full potential of the Nifty project.

Mr Donner will focus on reviewing the capital intensity, timing and risk factors of the various longer term development alternatives.

Milan Jerkovic is an experienced mining veteran who will assist in the execution of the
development plan for Nifty and provide leadership input to the development team in the
Company.

Mr Jerkovic has previously built a number of mines, with substantial and relevant
copper expertise.

It is anticipated that there will be further board and management changes once the capital financing has been secured.

Barry Cahill will resign from the board and remain in a technical development role.

Clive Donner and Milan Jerkovic will continue as executives of the Company
on a full-time basis.

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Cyprium’s Chairman, Gary Comb said:

“The Company has a high-quality portfolio of late-stage Australian based copper projects, with mineral resources of over 1.6 million tonnes of contain copper.

 

“It is with pleasure that we announce the appointments of Clive Donner and Milan Jerkovic to the executive team of Cyprium. Their financing experience and knowledge will be of great benefit to optimise the development of Nifty and progress Cyprium’s pipeline of development projects.”

To read the full news release, please click HERE

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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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 no shares in Cyprium Metals

To read our full terms and conditions, please click HERE

Rumble Resources (ASX: RTR)

CEO Shane Sikora presented a new corporate presentation to the RUI Explorers Conference in Australia recently.

This is an impressive summary of where the company is now, and the potential expansion of their projects to giant status. 

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Rumble Resources – Earaheedy location map

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Rumble Resources New Corporate Presentation at the RIU Conference

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Rumble Resources CEO Shane Sikora presented a new corporate presentation to the RUI Explorers Conference in Australia recently.

This is an impressive summary of where the company is now, and the potential expansion of their Western Australian exploration projects to giant status.

Zinc is the predominant metal, with lead credits.

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Company Highlights

The flagship Earaheedy project is located  110km north of Wiluna, Western Australian in the Earaheedy Basin.

Rumble owns 75% of E69/3464 and Zenith Minerals Ltd (ASX: ZNC) owns 25%.

Rumble also has two contiguous exploration licenses, ELA69/3787 and ELA69/3862 that is held 100%.

Since the Major Sedimentary hosted base metal discovery in April 2021, drilling has uncovered a rapidly expanding world class scale Zn-Pb-Ag-Cu base metal system, with the drilling continuing to make discoveries and new multiple large-scale targets emerging.

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To read the Earaheedy Project Summary, 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 consists of investors 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.

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Disclosure

At the time of writing the author holds shares in Rumble Resources.

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Cornish Metals (TSX.V / AIM: CUSN)

Released its unaudited financial statements and management, discussion and analysis (“MD&A”) for the nine months ended October 31, 2022.

Cornish Metals is a mineral exploration and development company focused on its projects in Cornwall, United Kingdom. 

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Cornish Metals water treatment works at South Crofty

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