Proactive - Interviews for investors

Cobre Ltd CEO Adam Wooldridge discusses the completion of a scoping and economic study for the Ngami copper project in Botswana with Proactive's Stephen Gunnion. The study highlights the project's exceptional potential, including an NPV of over A$1 billion and an IRR exceeding 90%, based on conservative estimates of 40% copper recovery.

Wooldridge explained that the project’s copper mineralisation is amenable to in-situ copper recovery, which significantly lowers capital and operating expenditures. The study suggests that Cobre can develop a scalable and de-risked extraction process, allowing for staged capital expenditure. Wooldridge also noted the results of extensive hydrological testing, which demonstrated that copper can be extracted efficiently using this method.

“The in-situ copper recovery process places us at the bottom of the cost curve,” Wooldridge remarked, emphasising the competitive advantages that this method provides for the project’s economics.

Looking ahead, Cobre plans to further drill 9,000 meters to define 30 million tonnes of ore and begin a pilot study to validate the project’s economic model in the field. This progress will form the backbone of a pre-feasibility study as the next step.

For more insights on Cobre Ltd’s progress and other exciting developments, visit Proactive’s YouTube channel. Don’t forget to like this video, subscribe to the channel, and enable notifications for updates on future content.

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Ecora Resources CEO Marc Bishop Lafleche spoke with Proactive's Stephen Gunnion about the company's cobalt stream investment at Voisey's Bay in Canada and the production ramp-up timeline.

Following a trip by Ecora's team to Voisey's Bay, operated by Vale, Lafleche highlighted Ecora's entitlement to nearly 23% of the cobalt production from the mine, which initially started as an open-pit operation and is now transitioning underground with significant production increases expected by 2026.

Lafleche shared that Ecora anticipates a substantial rise in cobalt deliveries from 11 in 2023 to 40 per year at full production—nearly a 400% increase. He mentioned that the Eastern Deeps underground ore body will see ramped-up production from Q4 2024, with full production targets by the end of 2026.

Despite the cyclical lows in cobalt pricing, Lafleche expressed optimism, pointing to a market recovery and demand growth. He emphasised that even at low cobalt prices, the Voisey’s Bay stream could generate close to $20 million in annual revenue at full production. Lafleche also praised the professionalism and infrastructure at the mine, noting that the life of the mine could potentially extend beyond current reserves.

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Gold Hydrogen Ltd (ASX:GHY) managing director Neil McDonald sits down with Proactive’s Tylah Tully to discuss promising results from testing at the Ramsay Project on the Yorke Peninsula in South Australia.

Testing focused on natural hydrogen and helium extraction, with Gold Hydrogen recording helium purity levels as high as 36.9% at the well head, which are among the highest globally for a non-petroleum system.

Additional helium purity levels between 20% and 25% were confirmed by the CSIRO noble gas laboratory in Australia.

Highlights of the testing program include successful extraction of helium to the surface, further confirmation of the Kulpara Dolomite formation as a potentially prolific helium zone and positive results from 2D seismic surveys identifying future drilling targets.

The company is preparing new drilling designs to optimise extraction and has begun analysis at specialist laboratories in Australia, London and Paris, with final results expected soon.

The Ramsay Project has potential to become a commercially significant producer of both natural hydrogen and helium, supported by early drilling data and high helium purity levels, positioning Gold Hydrogen as a key player in this emerging sector.

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AuKing Mining Ltd (ASX:AKN) managing director Paul Williams joins Proactive’s Tylah Tully to discuss the company’s binding agreement signed with Moab Minerals Ltd (ASX:MOM) to sell its remaining non-core prospecting licences at the Manyoni Uranium Project in Tanzania.

The deal is valued at $175,000 and follows the revocation of two key prospecting licences at Manyoni by the Tanzanian Mining Commission. These licences were a critical part of the project's uranium resource estimate, and after unsuccessful negotiations with Tanzanian authorities, AuKing opted to sell the remaining assets.

The sale is subject to several conditions, including 30 days of due diligence by Moab Minerals, the provision of necessary information by AuKing, maintenance of the licences in good standing, ministerial approval and potential clearance from the Fair Competition Council (FCC) of Tanzania.

AuKing Mining has confirmed that this transaction will not affect its plans to start drilling at the Mkuju Uranium Project in southern Tanzania, which remains independent from the Manyoni project.

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Lithium Australia Ltd (ASX:LIT) managing director and CEO Simon Linge sits down with Proactive’s Tylah Tully to discuss the company’s upcoming annual general meeting (AGM) and give investors an update.

Lithium Australia released its quarterly results which demonstrated strong progress. It continued to scale up its battery recycling business reporting $1.7 million in profit.

Linge also ran through the agenda for its AGM that will take place at 3:00 pm (AWST) on Tuesday, October 29, 2024, at The Park Business Centre, West Perth, Western Australia.

A key resolution to be discussed is the proposal to change the company's name to Livium. He said the proposed name change reflected the company's evolving focus and potential shift in strategic direction.

Further details will be provided during the meeting, allowing shareholders to understand and vote on the proposal.

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Octava Minerals Ltd (ASX:OCT) managing director Bevan Wakelam joins Proactive’s Tylah Tully to discuss Program of Work (PoW) approvals for exploration of four priority antimony targets at the Yallalong Project.

The approvals, granted by the Western Australian Department of Mines, Industry, Regulation & Safety (DMIRS), cover exploration and planned drilling activities at the project site.

The Yallalong Project is approximately 220 kilometres northeast of Geraldton, Western Australia, and comprises two granted exploration licences, E70/5051 and E09/2823, covering 63.4 square kilometres and 94 square kilometres respectively.

Antimony mineralisation at Yallalong is linked to quartz-veined zones within sheared sedimentary rocks adjacent to mafic intrusive dykes in a larger shear zone, a common setting for antimony deposits globally.

Octava's exploration team has initiated fieldwork, focusing on geological mapping and rock chip sampling across the four priority targets. Additionally, heritage discussions are ongoing with relevant landholder groups to secure clearances ahead of the planned drilling phase.

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Kali Metals Ltd (ASX: KM1) managing director Paul Adams joins Proactive’s Tylah Tully to discuss promising results the company has received from first-pass mapping and rock chip sampling at the Marble Bar Project in the Pilbara region of Western Australia.

The presence of significant lithium and gold mineralisation has been confirmed on the surface, with assays returning up to 1.5% lithium oxide (Li2O) and 3.0 g/t gold.

At Panther Lithium Prospect the company identified lithium oxide up to 1.5% from a lithium-caesium-tantalum (LCT) pegmatite, with multiple samples more than 1% Li2O across a 1.1-kilometre strike length.

At Tiger Gold Prospect, gold assays up to 3.0 g/t from quartz veins within monzogranite were identified across a 400x400 metre area.

At the Sherman Gold Prospect, Kali’s rock chip sample returned 1.7 g/t gold from a quartz sub-crop several metres wide.

The reconnaissance work follows previous exploration by Kalamazoo Resources, which identified significant lithium and gold potential in the area. Kali Metals plans to conduct further outcrop sampling and mapping to inform drilling programs scheduled for 2025.

Adams expressed satisfaction with the initial results, highlighting the potential for additional targets and ongoing fieldwork to further refine exploration efforts.

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Silver North Resources CEO Jason Weber joined Steve Darling from Proactive to share significant progress on the company's 2024 drilling campaign at the Haldane Property, located in the renowned Keno Hill Silver District in Yukon. The drilling program, now complete, involved a total of 732 metres drilled across three holes, targeting both the West Fault and Main Fault zones.

This campaign marked Silver North’s first test of the Main Fault, with two holes successfully intersecting the target within moderately to unoxidized rocks, allowing for a strong recovery of the vein targets. The 8,579-hectare Haldane Property hosts multiple occurrences of silver-lead-zinc-bearing quartz siderite veins, similar to those found throughout the district.

Weber explained that beyond continuing step-out testing of the West Fault, one of the primary objectives of the 2024 program was to drill the Main Fault below the oxidation level to evaluate its potential for high-grade silver mineralization. Historical surface samples from the Main Fault showed promising results, including oxidized vein samples averaging 151 g/t silver over 7.6 meters and 223 g/t silver over 3.6 meters at the Main Zone and Main Zone South showings. Past drilling efforts from 2011 and 2013 had encountered similarly anomalous results but suffered from poor recovery in heavily oxidized zones.

The successful recovery of samples from the unoxidized sections of the Main Fault offers an encouraging step towards better understanding the property’s potential for significant silver mineralization.

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AuAg Funds CEO Eric Strand talked with Proactive's Stephen Gunnion about the recent upward momentum in gold and silver prices and the potential for continued growth. Strand highlighted that AuAg Funds has raised its price target for gold from $2,475 to $2,750 as the metal approaches all-time highs. Discussing key drivers, he pointed out the impact of interest rate cuts, upcoming U.S. elections, and China’s stimulus efforts.

Strand emphasised that commercial short sellers have been struggling to manage gold and silver prices, creating the potential for a short squeeze that could further boost these markets. He also touched on the improving gold-silver ratio, predicting that silver could outperform gold with a target of $39 per ounce.

Strand expressed optimism about AuAg’s Silver Bullet Fund, which has exceeded €100 million and continues to reach new highs. He expects margin expansions in the mining sector as energy prices stabilise, leading to strong financial performance for miners. Despite potential short-term volatility from the US elections, he believes that gold and silver remain poised for further gains.

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Rome Resources Plc (AIM:RMR) CEO Paul Barrett talked with Proactive's Stephen Gunnion about the latest progress in the company's ongoing drilling program at the Bisie North Project in the Democratic Republic of Congo (DRC). Barrett highlighted that drilling is advancing well, with rigs currently operating at both the Kalayi and Mont Agoma prospects. He mentioned that approximately 30% of the drilling program is complete and emphasised that the company is seeing promising semi-quantitative results.

Barrett also noted that the first batch of samples from the early drill holes has already been sent to the lab, with assays expected soon. As part of the company's original plan, it aims to complete 3,000 meters of drilling, which will provide the data necessary for resource reporting. Additionally, Barrett hinted that the drilling could extend beyond the planned target to capitalise on favourable results.

Reflecting on the operational challenges in such a remote location, Barrett acknowledged the reliance on helicopter logistics, but he expressed confidence in the team’s progress. Looking ahead, he expects both tin and copper results to be reported in early 2025.

Make sure to watch the full interview for more insights and updates from Rome Resources Plc.

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