Kaiser Reef (ASX: KAU)

Has commenced a strategic review of its wholly owned A1 Gold Mine, located in Victoria, Australia.

Kaiser notes that the mineralisation identified in the recently reached mid to northern
region of the Nova Zone is showing reduced alteration and less consistent and lower
grade gold.

 

 

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	Kaiser Reef	ASX : KAU
	Stage	Production, Development, Exploration
	Metals	Gold
	Market cap	A$127 million   @ A$0.1215
	Location	Victoria, Tasmania
	Website	www.kaiserreef.com.au/

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Kaiser Reef commences a strategic review of its A1 Gold Mine

 

Kaiser Reef Limited (ASX: KAU) (“Kaiser” or the “Company”) advises that it has
commenced a strategic review of its wholly owned A1 Gold Mine, located in Victoria,
Australia.

Kaiser notes that the mineralisation identified in the recently reached mid to northern
region of the Nova Zone is showing reduced alteration and less consistent and lower
grade gold than in the levels immediately above it, resulting in lower mined grades.

The review is being undertaken to assess a range of options to maximise shareholder
value from the A1 operation.

This includes consideration of operational, financial, and strategic alternatives to determine the optimal pathway forward.

Kaiser emphasises that no decisions have been made at this stage, and there is no
certainty that the review will result in any specific transaction or change to current
operations.

The Company will provide further updates to shareholders as required in accordance with its continuous disclosure obligations under the ASX Listing Rules.

Kaiser maintains a heathy and growing balance sheet and ongoing profitable 
operations at the Henty gold mine in Tasmania.

-ENDS

This announcement was approved for release by the Board of Kaiser Reef Limited.

About Kaiser Reef Limited (ASX:KAU)

Kaiser Reef is a high-grade gold mining and exploration company with a focus on mining and exploring for gold within Tasmania and the Victorian goldfields.

Kaiser wholly owns and operates the A1 Gold Mine, the Maldon Gold Processing
Plant and the Union Hill Gold Mine (currently on care and maintenance) in Victoria and the Henty Gold Mine in Tasmania.

 

To read the full news release please click HERE

 

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To View Kaiser Reef’s historical news, please click here

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The live Spot gold price can be found HERE

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.

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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 shares in Kaiser Reef. 

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Neometals Ltd (ASX / AIM: NMT)

Provided a strategy update with the following key measures to be implemented immediately, restructuring and right-sizing of the organisation and its underlying cost base to reflect a new strategic refocus.

 

 

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Neometals	ASX / AIM : NMT
Stage	Production + development
Metals	Titanium + Vanadium + lithium + nickel
Market cap	A$60 m   @ A$0.088
Location	Australia, Germany, Finland, USA
Website	www.neometals.com.au

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Neometals Strategic Update

 

Sustainable process technology developer, Neometals Ltd (ASX: NMT, AIM: NMT & OTCQX: NMTAY) (“Neometals” or “the Company”), provides a strategy update with the following key measures to be implemented immediately:
• Restructuring and right-sizing of the organisation and its underlying cost base to reflect a new strategic refocus;
• Prioritising the progression of Primobius, the LiB Recycling joint venture with SMS group GmbH, through industrial validation to commercialisation; and
• Capital management initiatives through the targeted sale of non-core assets and strategic partnering to facilitate the ongoing development of the Company’s other technologies.

 

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Neometals has adapted its corporate strategy in response to prevailing battery materials prices and market sentiment.

A simplified structure and focus on the Primobius plant building joint venture targets an optimum path to creating and realising shareholder value.

These steps and the Company’s existing austerity plan are expected to lower the corporate and administrative cost base by approximately 40% year-on-year. This, coupled with the recently announced placement raising approximately A$4.5M,1 is intended to support the commercialisation of Primobius with the aim of becoming a leading supplier of LiB Recycling plants to the global EV supply chain.

Primobius’ patented recycling process is being industrially validated through the delivery of a 2,500 tpa plant for Mercedes-Benz in Kuppenheim, Germany.

Once successfully commissioned and accepted by the client, Primobius plans to then offer larger plants to its growing pipeline of licence holders, MOU counterparties
and new customers.

Primobius’ preferred business model is to offer plant supply contracts and technology
licences, rather than operating recycling plants as principal.

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To read the full news release please click HERE

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To View Calibre Mining’s historical news, please click here

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The live gold price can be found HERE

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 Neometals.

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Cyprium Metals (ASX: CYM)

Provided the following update in relation to its funding requirements and the commencement of a strategic review.

Cyprium has entered into a Secured Loan Deed for $6 million, and is undertaking a full strategic review of all assets.

 

 

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Cyprium Metals	ASX: CYM
Stage	Development, Exploration
Metals	Copper, Cobalt
Market cap	A$70m @ 9.6 c – CURRENTLY SUSPENDED
Location	Pilbara, Western Australia

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Comment

This is not looking good at all, borrowing A$6 million to pay interest on a prior A$36 million loan looks poor.

Then the words every investor should dread, “strategic review”, which normally means they’ve failed, and are looking for another plan!

This is generally bad for investors, and you have to ask how on earth they were so close to a financing to construct the mine, and now this?

I will be removing Cyprium from the watchlist, and placing on the possible recovery watchlist for now, I fear shareholders are not going to have a happy outcome here.

 

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Cyprium Metals Has Entered into a Secured Loan and is Conducting a “Strategic Review”

 

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Cyprium Metals Limited (ASX: CYM) (“CYM”, “Cyprium” or “the Company”) provides the following update in relation to its funding requirements and the commencement of a strategic review.

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Highlights

• Cyprium has entered into a Secured Loan Deed for $6 million
• Cyprium is undertaking a full strategic review of all assets
• Cyprium has a suite of high-quality copper projects with +1.6Mt of contained Copper in Mineral Resources

 

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Secured Loan Deed

As outlined in the Company’s 23 February 2023 ASX Announcement, the Company was unable to secure senior debt financing for the Nifty Copper Project Restart on commercially attractive terms and as a result, the previously announced $35 million1 equity raise was not completed.

As a result, Cyprium has entered into a Secured Loan Deed (“Loan Deed”) with Avior Asset Management Pty Ltd (“the Investor”).

The proceeds from the Loan Deed will be used for the upcoming interest payment on the Company’s existing unsecured $36 million Convertible Notes and for working capital purposes whilst the Company undertakes a strategic review on all assets in the company.

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Key terms of the Loan Deed facility:

• Facility amount: $6 million
• Facility term: 6 months from first drawdown
• Interest rate: Commercial rates of financing charges, capitalised over the Facility term
• Loan conversion: A minimum of $0.8 million will be converted into CYM shares
• Share issue price: 20% discount to the Issue price of the next capital raising (“NCR”)
• Loan repayment: Balance after Loan conversion is repayable following issue of shares under NCR
• Director: Investor has the right to appoint a nominee Director to the CYM Board
Management Comment

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Cyprium Managing Director, Barry Cahill, commented:

“Copper market fundamentals combined with Cyprium’s quality portfolio of more than 1.6Mt of contained copper at Nifty, Maroochydore and the Murchison, including significant infrastructure, as well as the extensive Paterson Exploration JV with IGO in the highly prospective Paterson Province presents a highly attractive portfolio in an environment where battery metals are in strong demand.

 

The board is committed to preserving the value of the Company’s assets as a priority whilst the strategic review is undertaken.”

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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.

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.

Disclosure

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

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