Welcome to another episode of Channel Mine News, where we discussed all the hot topics currently swirling around in the Aussie Mining industry. Items discussed:

– Tim Weir’s sensational economic review (as per usual).

– Red Dirt (RDT) – Yinnetharra acquisition and David Flanagan appointed as new Chairman.

– Develop (DVP) looking to get big (but not too big)

– Leonara consolidation update – still on going and a weird investment play from Kin Mining.

– Gold profit results – Capricorn Metals (CMM) and West African Resources (WAF) standouts.

– De Grey (DEG) raising $130mil to fund further drilling and PFS. Who will build this project?

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Thanks as always to our great sponsors at Entech Mining. Check out the number 1 global Mining Consultant at http://entechmining.com.au/

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De Grey Mining (DEG) raises $130mil via a fully underwritten placement. Will they build the project or alternatively, will a big fish come along and snap the project up.

Thanks as always to our great sponsors at Entech Mining. Check out the number 1 global Mining Consultant at http://entechmining.com.au/

Also, give them a follow on LinkedIn at https://www.linkedin.com/company/entech-pty-ltd/

Red Dirt (RDT) appoints David Flanagan as Chairman and makes an acquisition with the Yinnetharra Lithium project.

Assays were also released from their Sister Sam orebody (best drilled to date) of 28.9m @ 1.92% Li20

Thanks as always to our great sponsors at Entech Mining. Check out the number 1 global Mining Consultant at http://entechmining.com.au/

Also, give them a follow on LinkedIn at https://www.linkedin.com/company/entech-pty-ltd/

Develop (DVP) are putting money behind the drill bit at Woodlawn to identify new areas in anticipation of rising Copper prices. 

The crew from Precision Funds Management attended Develop’s long term strategy meeting at Woodlawn. They remain very confident that Bill Beament will once again deliver sensational returns for shareholders. 

Thanks as always to our great sponsors at Entech Mining. Check out the number 1 global Mining Consultant at http://entechmining.com.au/

Also, give them a follow on LinkedIn at https://www.linkedin.com/company/entech-pty-ltd/

Strange little foray by Kin Mining (ASX:KIN) accumulating 20m Dacian Gold (ASX:DCN) shares as Genesis Minerals (ASX:GMD) gained control with nearly 60% of DCN in their hands.

Thanks as always to our great sponsors at Entech Mining. Check out the number 1 global Mining Consultant at http://entechmining.com.au/

Also, give them a follow on LinkedIn at https://www.linkedin.com/company/entech-pty-ltd/

Capricorn Metals (CMM) posted a maiden full year profit of $89.5mil. Sensational result, especially considering they run a 0.89g/t head grade and still achieve an AISC of $1,112/oz.

Thanks as always to our great sponsors at Entech Mining. Check out the number 1 global Mining Consultant at http://entechmining.com.au/

Also, give them a follow on LinkedIn at https://www.linkedin.com/company/entech-pty-ltd/

Tim Weir from Precision Funds Management gives the listeners another detailed run down of the macro-economic climate that is driving the share market volatility.

In our previous Channel Mine News episode, Tim Weir predicted that the rally occurring at the time was only leading towards further downside. HE WAS CORRECT. 

Is the currently rally we are going through heading in the same direction?

Thanks as always to our great sponsors at Entech Mining. Check out the number 1 global Mining Consultant at http://entechmining.com.au/

Also, give them a follow on LinkedIn at https://www.linkedin.com/company/entech-pty-ltd/

Rebecca Prain is the Managing Director of Cube Consulting and is heavily involved in promoting Woman in Mining. We had a great first chat way back in episode 66 and Prainy has kindly come on for another yarn. We cover the following topics in true transparent Life Of Mine style: 

– Prainy’s first Non-Executive Director role

– Gender Quotas in Mining, are they practical and fair?

– Sexual Harassments and its prevalence

– Irresponsible Media clickbait

– The judgement some woman receive based on their appearance  

Matt Nixon (CEO) and Andrew Chirnside (Chief Geologist) from Labyrinth Resources (ASX:LRL) join Life Of Mine to discuss their maiden Inferred JORC Resource for the Labyrinth Gold Project in Quebec, Canada.

Announcement details

• Initial Inferred Mineral Resource of 3 Mt @ 5.0 g/t Au for 500,000 oz (at 3 g/t.m cut-off)

• Mineral Resource prepared by an independent Competent Person and classified and reported in accordance with the JORC Code (2012)

• Notable high-grade component of 150,000 oz at 10 g/t (above 6 g/t cut-off)

• Mineral Resource for the key Boucher Lode totals 1 Mt @ 5.7 g/t for 190,000 oz and remains open along strike and at depth

• The estimate is based on an extensive drilling database and rigorous modelling by independent consultants RSC

• The Mineral Resource exceeds the foreign estimate of 479,000 oz published in 2010

• The Resource is open in all directions, supporting substantial Mineral Resource growth potential through both near-mine and regional drilling

• The growth potential is supported by numerous recent high-grade intersections outside the Mineral Resource extent; these include 1.4 m @ 13.32 g/t, incl 0.9 m @ 20.53 g/t, in LABS 22-02 and 2.9 m @ 5.63 g/t, incl 0.9 m @ 7.9 g/t, in LABS 22-042

• This extensive known mineralisation provides a pathway to significant, rapid growth in the Resource  

• Strong project outlook also underpinned by exceptional metallurgical results, with an initial bulkleach extractable gold (BLEG) test returning 97.1% recovery

• BLEG result demonstrates that the material is free milling, which would significantly reduce capital and operating costs of any potential future operation 

I’m taking the plunge, Life Of Mine is going FULLTIME from November 2022 onwards. Very exciting, here’s what to expect from the Life Of Mine business:

Were going full time, and were going big. So, if you’re organization would like to discuss partnership opportunities with Life Of Mine, please get in touch via Linkedin or [email protected]