Proactive - Interviews for investors

Horizon Minerals (ASX:HRZ) managing director Grant Haywood joins Proactive’s Tylah Tully to discuss the company’s plans to merge with Poseidon Nickel Limited (ASX: POS).

Horizon will acquire 100% of Poseidon's shares and unlisted options, subject to various conditions.

This merger aims to consolidate their complementary assets in the Western Australian Goldfields, combining Horizon's large gold resources with Poseidon's Black Swan processing infrastructure.

The merger will create a mid-cap gold producer with a combined resource of around 1.8 million ounces of gold and 422,700 tonnes of nickel.

Horizon also plans to raise $14 million through a placement to support the expanded business.

The Black Swan processing plant will be refurbished and converted for gold production, providing a faster, cost-effective path to gold production compared to building a new plant.

Horizon aims to become a standalone 100,000-ounce-per-year gold producer after the plant's conversion, expected by mid-2026.

Upon completion, Horizon shareholders will hold 69.8% of the merged entity, and Poseidon shareholders 30.2%. The merger is expected to be finalised in early 2025, pending court and shareholder approvals.

#ProactiveInvestors #HorizonMinerals #PoseidonNickel #ASX #GoldProduction #NickelMining #Goldfields #MidCapProducer #GoldPrice #MiningMerger #BlackSwanPlant #WesternAustralia #GoldExploration #NickelResources #MineralExploration #SchemeOfArrangement #MiningInvestment #GoldMines #ASX #Kalgoorlie #PoseidonMerger #ResourceDevelopment #MineralResources

Empire Metals Ltd (LON:EEE) managing director Shaun Bunn sits down with Proactive’s Tylah Tully to discuss the recently completed diamond drilling programme at the Pitfield Project in Western Australia.

This phase focused on the Thomas and Cosgrove exploration target areas, with a total of 679 metres drilled across five holes.

The drilling identified significant zones of weathered saprolite material, nearly double the depth encountered in previous drilling.

The data will support the development of a maiden Mineral Resource Estimate (MRE) planned for 2025.

Key findings include deeper weathered zones, which are highly friable and soft, promising easier mining conditions and reduced energy consumption for processing.

The excellent recovery of core samples enables comprehensive metallurgical testwork, including hardness, grindability tests and mineral separation to evaluate titanium extraction.

Ongoing gravity testwork and further mineral separation processes will continue in the coming months, alongside hydrometallurgical testing.

Core logging revealed highly weathered bedded sandstones, indicating advantageous mining conditions due to the soft and friable nature of the material.

Further drilling, along with the metallurgical and geological data gathered, will help refine the geological model and reduce the cost of future drilling aimed at defining a large-scale MRE.

#ProactiveInvestors #EmpireMetals #LON #Mining #Australia #Titanium #PitfieldProject #Geology #DiamondDrilling #Metallurgy #MineralResource #CoreDrilling #Exploration #WesternAustralia #TitaniumExtraction #Saprolite #RCDrilling #EnergyEfficiency #Comminution #Anatase #MineralSeparation #Hydrometallurgy #MiningTechnology

Suvo Strategic Minerals Ltd (ASX:SUV) executive chairman Aaron Banks joins Proactive’s Tylah Tully to discuss the $2 million the company secured through an oversubscribed placement at $0.048 per share, supporting its development and commercialisation of low-carbon cement Intellectual Property (IP).

In further news, Suvo’s subsidiary Climate Tech Cement Pty Ltd (CTC) has signed a Shareholders Agreement with PERMAcast R&D Pty Ltd, establishing a 50/50 joint venture.

The JV aims to commercialise low-carbon concrete products and projects, leveraging intellectual property developed under the Joint Development Agreement announced in July 2024.

PERMAcast, Western Australia’s leading supplier of precast and prestressed concrete products, will provide critical market insights and expertise to accelerate product development and market introduction.

Shareholders of PERMAcast also contributed 15% of the funds in the placement.

Suvo will issue 41,666,666 shares to institutional, professional, and sophisticated investors, with 20,833,333 free attaching unquoted options exercisable at $0.075 for a two-year term.

The issue price represents a 12.1% discount to the 30-day volume-weighted average price and an 11.1% discount to the last close price.

Settlement of funds is expected on October 28, 2024, with shares to be allotted on October 29, 2024. Bell Potter Securities acted as lead manager for the placement.

#ProactiveInvestors #SuvoStrategicMinerals #ASX #GreenCement #LowCarbonCement #CapitalRaise #NickelSlag #SustainableCement #GeopolymerCement #InstitutionalInvestors #PERMAcast #ASXListed #MineralsDevelopment #CementInnovation #PrecastConcrete #PTHuadi #CarbonNeutral #OversubscribedPlacement #InvestmentOpportunity #CementIndustry #BellPotterSecurities #SuvoInvestors

Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) executive co-chairman and acting CEO Mike Spreadborough joins Proactive’s Tylah Tully to discuss the company’s September quarterly, which proved productive with significant exploration progress in Western Australia and Victoria.

The company is in a strong financial position, holding A$6.7 million in cash and A$44.6 million in investments as of September 30, 2024.

Novo's focus remains on its highly prospective portfolio, particularly the Belltopper Project In Victoria and Pilbara region in Western Australia.

Drilling at the Nunyerry North Project in the Pilbara achieved positive results, including extending the high-grade Main Lode over 500 metres and identifying high-grade gold along the Estrid Fault. Key results included 13 metres at 2.68 g/t gold and 11 metres at 2.20 g/t gold, among others.

Novo's joint venture partner De Grey Mining completed its A$7 million minimum expenditure commitment on exploration at the Egina Gold Project and will continue investing an additional A$18 million by 2027.

Looking ahead, the company will analyse recent results and continue developing new targets. However, Pilbara drilling activities will pause until March 2025 due to seasonal weather risks.

The Belltopper Project will remain a priority, with a focus on world-class, Fosterville-style targets.

#ProactiveInvestors #NovoResources #ASX #OTCQX #TSX #MiningExploration #GoldExploration #WesternAustralia #VictoriaMining #Pilbara #BelltopperProject #EginaGoldProject #DeGreyMining #AntimonyPotential #GeologicalModelling #Mineralisation #HighGradeGold #ExplorationTargets #MiningInvestment #JointVenture #GoldDrilling #MiningUpdates #AustralianMining #MiningNews #GoldFields’

TRX Gold Corporation CEO Stephen Mullowney joined Steve Darling from Proactive to announced the company's most impressive drill result to date, with hole BMDD310 intersecting 35.5 meters at 5.48 g/t gold (Au) from a depth of 64 meters. This result was obtained approximately 200 meters east of the Buckreef Main Zone, which is home to Buckreef Gold's 2M+ ounce gold resource and the location of the company’s ongoing mining operations.

Additionally, Mullowney shared the exciting discovery of a new shear zone, named the “Stamford Bridge Zone.” Initial drill results from this area show geological features and mineral alterations similar to those at Buckreef’s Main Zone.

The Stamford Bridge Zone was identified through detailed geological mapping of the Main Pit floor, where a trend of high-grade mineralization was noted on the eastern side of the pit.

This discovery is considered a major milestone for TRX Gold, marking the most significant mineralization in the company's drill history at Buckreef Gold. An expanded diamond drill program is now planned to further explore this promising new trend.

#proactiveinvestors #trxgoldcorporation #tsx #trx #nyseamerican #trx #gold #mining

#BuckreefGoldProject #GoldMining #GoldExploration #MiningUpdates #StamfordBridgeZone #GoldDiscovery #MiningNews #ProactiveInvestors #InvestInGold

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Bloomsbury Publishing CEO Nigel Newton, Group Finance Director Penny Scott-Bayfield , and Jenny Rideout, Managing Director joined Steve Darling from Proactive to announce that its fiscal year 2024-2025 trading is set to surpass expectations after reporting a 32% increase in first-half revenue. The surge was driven largely by the continued blockbuster performance of fantasy fiction author Sarah J. Maas, notably her A Court of Thorns and Roses (ACOTAR) series.

In the first half, Bloomsbury’s consumer division experienced remarkable growth, with revenue rising by 47% to £131.3 million, fueled by the sustained popularity of Maas’s novels. The company's overall revenue reached £179.8 million, up from £136.7 million in the same period last year. This marks the fifth consecutive period of double-digit growth, largely attributed to the success of Bloomsbury’s "2030 Vision" strategy. The non-consumer division, which includes academic and professional publishing, saw a modest 3% growth, reaching £48.5 million, while the academic and professional segments posted a 6% increase.

The company also announced a 5% year-over-year increase in its interim dividend to 3.89p, a substantial 176% rise compared to 2023.

Looking ahead, Bloomsbury projects annual revenues of £319.3 million and pre-tax profits of £37.5 million for the year ending February 28, 2025.

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Brent Charleton, President and CEO of Enwave Corporation, shared with Steve Darling from Proactive that the company has entered into a license agreement, equipment purchase agreement, and referral agreement with the Spanish National Centre for Food Technology and Safety (CNTA). CNTA is a private non-profit organization dedicated to enhancing the competitiveness and quality of the Spanish food sector.

Under the terms of the agreement, CNTA will have research and development rights to use EnWave’s proprietary Radiant Energy Vacuum (REV™) dehydration technology in collaboration with its current and future clients. Additionally, CNTA has purchased a 10kW REV™ machine, which will be featured in its state-of-the-art facility, providing a showcase for the technology's value.

Charleton highlighted that CNTA has been a leader in the agri-food industry for over 40 years, working to improve sustainability, health, safety, and accessibility in food production. CNTA's network includes more than 500 associated companies, and the organization employs over 250 professionals. The partnership with EnWave is expected to drive innovation in food technology and contribute to the ongoing advancements in the agri-food sector.

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Chesapeake Financial Shares CEO Jeff Szyperski joined Steve Darling from Proactive to shared the company's financial results for the third quarter of 2024. The company reporting earnings of $2,600,159, marking a 5% increase over the same period in 2023. The company's earnings per share reached $0.550 fully diluted, up from $0.526 in Q3 2023. Total assets as of the end of the quarter stood at $1.59 billion, reflecting an 8% increase from year-end 2023. Nonperforming assets were reported at 0.421%, slightly up from 0.376% in the previous year.

Szyperski highlighted the positive impact of stabilized and slightly declining interest rates, which have helped the company maintain its net interest margin. Chesapeake's lending activity continues to outperform industry peers, with an 8.1% annualized increase year-to-date in 2024. Additionally, Chesapeake Payment Systems and Flexent, both subsidiaries of the company, are experiencing strong performance this year.

In further positive news, Chesapeake announced an increase in its quarterly dividend by $0.05 to $0.16 per share. Notably, the company has raised its dividend for 32 consecutive years, reflecting its commitment to delivering value to shareholders.

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#JeffSzyperski #Q3Earnings #DividendGrowth #LoanGrowth #ChesapeakePaymentSystems #Flexent #CommunityBanks #FinancialServices #ProactiveInvestors

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OKYO Pharma CEO Gary Jacob joined Steve Darling from Proactive to share news the company is reporting the first patient has been dosed in the Phase 2 trial of OK-101, a topical ocular treatment for neuropathic corneal pain (NCP). This double-masked, randomized, 12-week placebo-controlled trial will enroll 48 patients, all of whom will have their NCP disease confirmed via confocal microscopy.

The trial is being conducted at a single center under the leadership of Dr. Pedram Hamrah from Tufts Medical Center, where he serves as Professor and Vice Chair of Research and Academic Programs, and Director of the Center for Translational Ocular Immunology. Dr. Hamrah’s expertise will guide the study, which aims to evaluate the effectiveness of OK-101 in alleviating pain caused by corneal nerve damage—a condition with no current FDA-approved treatments.

Jacob highlighted that OK-101 is a novel, non-opioid therapeutic specifically designed to target the severe and often debilitating pain associated with NCP. This condition can stem from various sources, including dry eye disease, surgery, or infections, and can significantly affect patients' quality of life. Presently, treatment options for NCP are limited to temporary pain relief strategies that often fall short of providing long-term relief.

OKYO Pharma’s development of OK-101 is a promising step toward addressing this unmet medical need, potentially offering patients a more effective solution to manage their corneal pain.

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Royal Road Minerals Limited CEO Tim Coughlin joined Steve Darling from Proactive to share news the company has announced that the company has received all necessary drilling permits for its Alouana copper-gold polymetallic project, located in the Eastern Region of the Kingdom of Morocco. The project is owned through Royal Road Arabia Limited (RRA), a joint venture between Royal Road and MIDU Company Limited, a Saudi Arabian investment firm based in Jeddah with interests across multiple sectors, including mining and real estate development.

In October 2023, RRA secured an option to acquire 100% of Izughar Resources S.A.R.L, the Moroccan company holding the Alouana project licenses. The Alouana project spans four exploration licenses covering a total of 84 square kilometers and is rich in historical mining activity. Small-scale mining operations began in the early 1900s, with around 45 copper-gold polymetallic workings identified across the area. These include open-pit and underground mines, with deposits found in both shallow southwest-dipping shear zones and steep northeast-dipping vein-breccia formations up to 3 meters wide.

Notably, no previous drilling has been conducted on the site. Royal Road plans to undertake an initial 2,000 meters of scout exploration drilling, which will begin after access roads and drill pads are completed later this year.

This exploration phase is a critical step forward for Royal Road as it seeks to unlock the potential of the Alouana project and tap into Morocco’s rich mineral resources.

#proactiveinvestors #royalroadsmineralslimited #tsxv #ryr

MiningExploration #MoroccoDrilling #CopperGoldMining #ScoutDrilling #GeologicalExploration #MineralDiscovery #PortableXRF #ReverseCirculationDrilling #MiningNews

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