Proactive - Interviews for investors

Torque Metals Ltd (ASX:TOR) managing director Cristian Moreno joins Proactive’s Jonathan Jackson after the company completed another phase of infill and extensional diamond drilling at its Paris Gold Project in the Goldfields region of Western Australia.

The project is a shallow, high-grade operation near established processing infrastructure and other significant gold producers. The work is part of an approximately 8,000-metre exploration campaign, consisting of around 1,000 metres of diamond drilling and 7,000 metres of reverse circulation (RC) drilling, aimed at expanding the project's high-grade gold resources ahead of a maiden mineral resource estimate (MRE).

The diamond drilling, covering 1,106 metres across the Paris and HHH prospects, was aimed at enhancing the resource estimate by providing structural, geotechnical and density data. Core samples are being processed with assay results expected later in the month. Torque is now preparing for the RC phase, which will target the Paris and HHH systems and include new discoveries such as the Eva prospect.

Torque expects significant updates in the near future, including RC and diamond drill results, soil sampling outcomes and the finalisation of the maiden MRE for the Paris Gold Project.

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Great Boulder Resources Ltd (ASX:GBR) managing director Andrew Paterson joins Tylah Tully in the Proactive studio to talk about expanding the gold mineralisation zone at Mulga Bill North prospect within the Side Well Gold Project in Western Australia to a 400-metre strike length.

The company confirmed these results through a 13-hole aircore drilling program, indicating that the mineralisation is shallow, starting 40 metres below the surface, and potentially suitable for open-pit mining. Key results include an intersection of 17 metres at 1.39 g/t gold from 49 metres with a high-grade section of 3 metres at 3.39 g/t from 61 metres.

Additionally, regional drilling along strike from the Saltbush prospect identified gold mineralisation similar to the Ironbark deposit.

Great Boulder plans to continue drilling to finalise the exploration at Mulga Bill and aims for a resource update in the second half of 2024. The company is also preparing to upgrade the 568,000-ounce Mulga Bill resource from inferred to indicated JORC category, with further metallurgical test work scheduled for September.

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Mako Gold Ltd (ASX:MKG) managing director Peter Ledwidge sits down with Proactive’s Jonathan Jackson to discuss the encouraging results from a 1,200-metre scout drilling program at the Tchaga North area of the company's 90%-owned flagship Napié Project in Côte d'Ivoire. The drilling targeted high-grade gold zones identified by recent mapping and trenching activities. It focused on the Deep Artisanal Mining Site, the Discovery Zone, and the Double Zone, which had not been previously drilled.

Significant findings include a drill return of 7 metres at 5.39 g/t gold, including 1 metre at 31.15 g/t, beneath the workings of the artisanal mining site. This result confirms the site's potential for further exploration. The area, once heavily mined by artisanal methods, now sees limited activity due to the water table and hard rock, restricting digging to a maximum depth of 40 metres.

Ledwidge, stated that these results highlighted Tchaga North as a critical zone for expanding the company's current 868,000-ounce maiden resource. The findings, particularly at the Deep Artisanal Mining Site, suggest the presence of a 1.2-kilometre mineralised corridor, which will be a focus for further drilling.

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London’s blue-chip stocks opened higher again on Monday, continuing the positive momentum from Friday and recovering close to all the losses suffered last week.

In a much steadier Monday for markets, with Asian markets ticking higher overnight, the FTSE 100 edged upwards, helped by strong gains in telecoms giant BT.

BT announced its top shareholder Altice UK would be selling a 24.5% stake to India’s Bharti Global for an undisclosed fee.

Altice’s stake is worth around £3.2 billion according to BT’s closing price on Friday.

In wider industry news, UK insurance claims between April and June hit their highest level since records began due to poor weather.

Some £1.4 billion was paid out to homeowners over the period, up 5% against the previous three months, marking the highest quarterly figure since records began in 2017.

Turning to commodities, oil prices continued to charge upwards, as heightened tensions in the Middle East looked to stick on traders’ minds.

Brent crude gained 1.3% to sit at US$80.05 a barrel on Monday morning, while West Texas Intermediate climbed 0.7% to US$77.29.

#ProactiveInvestors #marketreport #ftse #ftse100 #footsie #bt #altice #brentcrude #brent #wti #bharti #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Sarytogan Graphite Ltd (ASX: SGA) managing director Sean Gregory sits down with Proactive’s Jonathan Jackson to discuss the results of its re-feasibility study (PFS) for the Sarytogan Graphite Project in Central Kazakhstan.

The study highlights three graphite product types with attractive 10-year weighted-average sales prices: Microcrystalline Graphite (Micro80C) at over 80% carbon, priced between US$746 and $791 per tonne; Ultra-High Purity Fines (UHPF) at up to five nines purity, priced between US$4,468 and $5,577 per tonne; and Spherical Purified Graphite (USPG and CSPG), priced between US$2,500 and $8,000 per tonne.

The PFS outlines a staged development with a conservative ramp-up to minimise initial capital expenditure and align with market demand. A maiden ore reserve has been estimated for an initial 60-year mine life, consisting of 8.6 million tonnes at 30% total graphite content, consuming only 4% of the mineral resource, indicating potential for multi-generational expansion.

The project promises attractive financial returns, with a net present value (NPV) of up to US$518 million (A$797 million at 65c FX). Early work on the Definitive Feasibility Study (DFS) is already underway, supported by planned investment from the European Bank for Reconstruction and Development.

#ProactiveInvestors #SarytoganGraphite #ASX #GraphiteProject #Kazakhstan #EnergyStorage #MiningIndustry #GraphiteMarket #PreFeasibilityStudy #MiningNews #InvestmentOpportunity #MineralResources #FinancialReturns #OreReserve #EnergySector #GraphiteProducts #HighPurityGraphite #SustainableMining #EuropeanBank #DefinitiveFeasibilityStudy #MarketPenetration #MiningDevelopment #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Ilala Metals Ltd (proposed code: IL1) managing director Richard Henning joins Proactive’s Tylah Tully to discuss the company’s Initial Public Offering (IPO) to raise $5 million, with the option to accept up to a further $3 million in oversubscriptions.

The funds will support ongoing exploration and initial drilling at the Serule Uranium Project in Botswana, advancement of the Central Copper Project in the country’s prolific Kalahari Copper Belt and exploration at other uranium projects in Botswana.

Following completion of the IPO, Ilala Metals plans to list on the Australian Securities Exchange (ASX) in September this year.

It holds 100% stakes in multiple copper and uranium leases in Botswana, covering 13,177 square kilometres and a lithium-tantalum project in Namibia. The Serule Project, adjacent to Lotus Resources’ Letlhakane Uranium Project, has shown promising results, with 1,062 metres of drilling completed and analysis pending. The Central Copper Project has also progressed, with a recent magnetic survey extending coverage to the entire dome target area, identifying structural targets for further exploration.

The company has been hard at work over the past year and with plenty of news flow to come, is set for a strong last quarter of 2024.

#ProactiveInvestors #IlalaMetals #ASX #IPO #Uranium #Copper #Botswana #ASXListing #Exploration #MiningInvestment #KalahariCopperBelt #Lithium #Tantalum #MineralResources #Drilling #GreenEnergy #InvestmentOpportunity #MiningIndustry #ResourceDevelopment #SustainableMining #UraniumExploration #CopperExploration #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Iondrive Ltd (ASX:ION) CEO Ebbe Dommisse joins Proactive’s Tylah Tully to discuss a collaboration agreement with German-based PEM and PEM Motion, recognised leaders in battery technology and recycling, to commercialise battery recycling technology in Europe. The agreement, although non-binding, is considered significant by Iondrive as it formalises a strategic industry partnership in Europe, a key target market.

The collaboration aims to advance sustainable battery recycling technologies by integrating PEM's expertise with Iondrive's Deep Eutectic Solvents Sustainable Battery Recycling process.

A consortium, expected to include strategic partners from the entire battery recycling value chain, will validate the performance of battery cells made from recycled materials at scale. The initial focus will be on establishing a pilot plant in Germany, with detailed project planning and investment cases to be completed within three months. This partnership seeks to address new regulatory challenges under the European Green Deal, particularly those related to recycling efficiency and material recovery.

Dommisse described the development as a major achievement for the company, highlighting the strategic positioning and commercial opportunities it provides in the European market.

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Yandal Resources Ltd (ASX:YRL) managing director Chris Oorschot joins Proactive’s Tylah Tully to discuss new gold exploration targets identified in regional soil sampling in the northwest area of the Ironstone Well-Barwidgee Gold Project in Western Australia.

The review indicated gold presence extending beyond the current drilling limits at the Oblique and Flushing Meadows prospects and highlighted new early-stage exploration targets. Additionally, potential lithium-caesium-tantalum (LCT) anomalies were identified, suggesting opportunities for battery metal mineralisation.

The company also completed diamond drilling at the New England Granite Prospect, where both holes successfully intersected the granite contact, revealing signs of deformation and alteration.

It now intends to follow up on the soil anomalies identified and plans to extend soil sampling over the emerging Caladan target area. The company will also design a broader RC drilling program based on the results of the New England Granite drilling, with assay results expected within 3-6 weeks.

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Tryptamine Therapeutics Ltd (ASX: TYP) CEO Jason Carrol joins Jonathan Jackson in the Proactive studio to discuss promising results from a Phase 2a clinical trial in collaboration with the University of Michigan (UOM).

The trial focused on TRP-8802, Tryp’s oral psilocybin formulation, administered with psychotherapy to patients suffering from fibromyalgia. All participants reported improvements in pain severity, sleep, pain interference and other quality-of-life measures one month post-dosing. Notably, there was a clinically meaningful reduction in pain, pain interference and fatigue. Additionally, four out of five patients experienced reduced anxiety and improved cognitive abilities, with one patient reporting the return of their sense of smell after losing it due to a COVID-19 diagnosis in 2021.

The results were presented at the International Association for the Study of Pain (IASP) 2024 World Congress in the Netherlands.

Carroll emphasised the significance of these findings in potentially offering a more effective treatment pathway for fibromyalgia compared to existing options. The company is now planning a future Phase 2 trial using TRP-8803, with the trial expected to commence in H1 2025. Additional trials are ongoing at MGH for IBS patients, and further updates will be provided.

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Proactive's Billy Farrington takes Stephen Gunnion through Bitcoin's highly volatile week, marked by a significant 16% drop followed by a 12% rally.

Farrington detailed how Bitcoin fell to a six-month low of around $49,000, only to surge back to around $60,500. He highlighted that this sharp fluctuation resulted in a $100 billion market cap swing within four days.

Farrington also discussed the broader impact of this volatility, noting that the NASDAQ, FTSE, and Japanese Nikkei experienced similar downturns. The market's fear of another crash was quickly followed by a relief rally, leaving Bitcoin about 7.3% lower for the week. He also pointed out the staggering $280 million in liquidations on both long and short positions due to this heightened volatility.

In explaining the catalysts, Farrington pointed to mixed tech earnings, recession fears in the US, and technical factors like the Bank of Japan's interest rate hike. These elements collectively drove the extreme market movements and emphasised Bitcoin's connection to the broader risk asset markets.

For more insights on the latest in cryptocurrency and Bitcoin, visit Proactive's YouTube channel. Don't forget to like the video, subscribe to the channel, and enable notifications for future updates.

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