Proactive - Interviews for investors

Kodal Minerals PLC (AIM:KOD) CEO Bernard Aylward discusses the latest update on the company's Bougouni Lithium Project in Southern Mali with Proactive's Stephen Gunnion.

Aylward emphasised that the project remains on track and within budget for achieving first production by the end of 2024, despite encountering some minor delays. He discussed the progress of foundational work and the commencement of mining activities at the Ngoualana open pit. He also highlighted the completion of major footings for the DMS plant and the logistical preparations underway, which include the arrival of over 20 trucks per day in August and September.

Aylward said the Bougouni project is fully funded through a joint venture with Hainan Mining, which holds a 51% stake, while Kodal retains a 49% interest. He described the partnership with Hainan as supportive and crucial for the project's success.

For more insightful videos and updates, visit Proactive's YouTube channel. Don't forget to give this video a like, subscribe to our channel, and enable notifications for future content.

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In this week's episode of Proactive's Crypto Roundup, Billy Farrington discusses the recent performance of Bitcoin and other cryptocurrency-related news.

Bitcoin's price has been relatively stable, decreasing by approximately 1.6% against the US dollar, despite potential market pressures. These pressures include the distribution of $9 billion in Bitcoin from the defunct Mt. Gox exchange, which has so far not significantly impacted Bitcoin's price. Additionally, the Federal Reserve maintained interest rates at 5.5%, which did not provide any significant boost to Bitcoin.

Coinbase reported strong financial results with revenues doubling year-on-year to $1.4 billion and turning a profit of $38 million for the second quarter, compared to a loss in the same period last year.

However, quarter-on-quarter trading volumes decreased by 28%, likely due to Bitcoin's volatility. Despite this, Coinbase's share price is expected to rise modestly. An interesting development at Coinbase is the growth of its blockchain infrastructure product, Base, which saw a 300% increase in transactions.

Former President Donald Trump appeared at Bitcoin 2024, where he criticised the Biden-Harris administration's approach to cryptocurrency and advocated for increased Bitcoin reserves in the Federal Reserve. His statements did not significantly impact Bitcoin's price, suggesting market scepticism regarding his potential influence.

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The FTSE 100 fell to a five-month low as trading commenced on Monday, driven by global concerns over a potential slowdown in the US economy. Shares of Rolls-Royce experienced a decline, partially reversing last week's gains following reports that the company is considering selling a stake in its mini nuclear power division. Other notable fallers included Melrose, Entain, Barclays, and NatWest, as the global sell-off, triggered by Friday’s weak US job report, continued.

Separately, Wingstop, a chicken chain, has engaged Goldman Sachs to assist in finding prospective buyers for its UK operations. Additionally, Air Astana, which recently debuted in London, saw its shares slip despite announcing record half-year passenger figures, bolstered by its Chinese routes.

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Gold Hydrogen Ltd (ASX:GHY) managing director Neil McDonald sits down with Proactive’s Jonathan Jackson to discuss the progress of its exploration of natural hydrogen and helium at the Ramsay Project on the Yorke Peninsula of South Australia. This quarter, the company completed Stage 1 testing and started the next exploration phase. High concentrations of both gases were confirmed in the Ramsay 2 well, with hydrogen purity levels reaching up to 95.8% (air-corrected) at approximately 531 metres deep. Helium levels during initial testing reached 17.5%, with recent results indicating an increase to 20%-25%.

Stage 2 testing has begun, focusing on dewatering the well to enhance gas flow to the surface. GHY identified a 180-metre-thick helium pay zone in Stage 1, indicating significant potential for commercial extraction. A 2D seismic survey was also completed to guide future drilling targets and well designs.

GHY holds one granted petroleum exploration licence (PEL 687) and has seven additional applications, covering about 75,332 square kilometres. The company ended the quarter with A$15.6 million, supporting its exploration and development plans, including establishing a contingent estimated gas resource for Ramsay.

The project's 2U (best estimate) prospective hydrogen resources stand at 1.313 million tonnes with a 10% commercialisation probability (PC). The helium resource (2U prospective) is estimated at 41 billion cubic feet (bcf) with a 10% PC. These resources are conceptual targets requiring further exploration and evaluation.

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Polymetals Resources Ltd (ASX: POL) executive chairman David Sproule joins Jonathan Jackson in the Proactive studio to discuss the company’s updated mine plan for its Endeavor Silver Lead and Zinc Mine north of Cobar in NSW. The plan promises stronger financial metrics with production set to start in the first half of calendar year 2025.

Highlights of the plan include:

· A 10-year mine plan with a pre-tax NPV8% of $414 million and an IRR of 345%.

· Free cash flow is projected at $609 million and EBITDA at $89 million per annum during the first five years.

· Payable metals include 260,000 tonnes of zinc, 10.6 million ounces of silver, and 90,000 tonnes of lead.

· Pre-production capex is estimated at $28 million, with a maximum cash drawdown of $30 million.

· A 9-month pre-development period with initial production expected in the first half of 2025.

The mine plan, which follows the Mine Restart Study released October 16, 2023, indicates significant increases in ore reserves, mine production, free cash flow, net present value and internal rate of return compared to the initial study.

Sproule highlighted the impressive outcomes and the company's commitment to innovative mining projects. The company is also exploring techniques to unlock gold and silver from existing stored tailings and expanding the mineral resource to extend mine life.

After a successful capital raise in June and the completion of the Endeavor Mine acquisition in July, the final step is to secure a $30 million debt facility. Site refurbishment activities have already begun, focusing on critical underground infrastructure.

QMines Ltd (ASX: QML) executive chair Andrew Sparke joins Jonathan Jackson in the Proactive studio after the company received firm commitments to raise $5 million (before costs) through a two-tranche placement.

The company will issue up to 106,382,979 fully paid ordinary shares at $0.047 per share. The second tranche is subject to shareholder approval. The placement attracted strong demand, exceeding the original target of $2 million.

Sparke and COO James Anderson subscribed for $420,000 worth of shares, which will be issued subject to shareholder approval.

Funds will support exploration and development at the Mt Chalmers and Develin Creek projects, the purchase of the remaining 49% interest in Develin Creek, and general working capital.

Whairo Capital Pty Ltd and Wilsons Corporate Finance Limited acted as Joint Lead Managers, earning a 6% cash fee plus GST.

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Astral Resources NL (ASX:AAR) managing director Marc Ducler sits down with Proactive’s Jonathan Jackson to discuss what could be the company’s most successful drilling campaign to date.

Astral has received the first 23 assay results from its 26-hole reverse circulation (RC) drilling program at the Kamperman Prospect, part of its Feysville Gold Project near Kalgoorlie in Western Australia. The results demonstrate continuity of gold mineralisation along 450 metres of strike at the prospect, which remains open to the north and east.

Ducler said the program could be the most successful to date at Kamperman, confirming geological interpretations and identifying a broad 30-metre-wide zone of consistent +2g/t gold mineralisation in the southern zone. A mineral resource estimate is underway for Kamperman, with similar work at Rogan Josh and Think Big being finalised.

Attention is shifting to the Theia Deposit at the Mandilla Gold Project, with a 6,000-metre in-fill RC drilling phase starting next week. After this, Astral will return to Feysville to follow up on significant gold anomalies to the north-west of Kamperman.

The Feysville Gold Project is situated within the Norseman-Wiluna Greenstone Belt and hosts significant gold and nickel mineralisation. It includes an existing mineral resource estimate of 3 million tonnes at 1.3g/t gold for 116,000 ounces at the Think Big deposit, potentially serving as satellite ore feed for the Mandilla Gold Project.

In-fill drilling results at Kamperman support a high-grade west-dipping gold zone extending over 450 metres of strike, with mineralisation open to the north and east. Assay results include notable intersections such as 38 metres at 2.12g/t Au and 19 metres at 3.32g/t Au, among others. These results will underpin a maiden MRE for Kamperman, expected to be completed in the September quarter.

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Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) chief executive Paul Cronin takes Proactive's Stephen Gunnion through the company's latest quarterly activities report.

Adriatic Metals generated its first revenue from the Vares silver mine in Bosnia and Herzegovina during the June quarter, marking a significant milestone for the company. Despite the initial revenue being modest due to the early stages of processing and commissioning, the company anticipates higher production consistency and improved numbers in Q3 as it commences blasting the first stope.

Cronin highlighted that the plant is already processing saleable concentrates with improving recoveries, aligning with the plant's design expectations. Adriatic Metals aims to reach commercial production by the end of October, with a focus on meeting milestones set by their project financing agreements.

Additionally, the company has successfully begun selling silver-lead and zinc concentrates to off-takers, achieving another key milestone by transporting their first trainload of concentrate to the port of Ploče. Despite facing challenges, including a recent court ruling affecting its tailings storage facility, Cronin expressed confidence in finding a legislative solution or an alternative facility by the end of October.

Cronin also discussed ongoing exploration drilling efforts, with five rigs currently operating to extend the Rupice deposit and explore new areas on existing licenses, as well as continuing activities in Serbia.

Stay tuned to Proactive's YouTube channel for more updates on Adriatic Metals and other companies. Don't forget to like, subscribe, and enable notifications for future content."

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Tribe Technology PLC (AIM:TRYB) CEO Charlie King joined Proactive's Stephen Gunnion with details of the company's latest milestone: shipping its first autonomous RC drill rig from Belfast to Australia.

King highlighted the culmination of five years of hard work and over 200,000 development hours that went into creating this innovative drill rig. The rig, destined for Mackay Drilling, a subsidiary of Major Drilling Group International, promises to revolutionise the drilling industry by operating without personnel on the drilling pad, significantly improving safety and productivity.

King explained, "We are the first company to produce a drill that can operate with nobody on the drilling pad. This is a complete step change." This technology aims to address the dangers associated with manual drilling, which still causes too many fatalities in the industry.

The drill rig, which incorporates Tribe Technology's proprietary technology, is set to arrive in Australia by the end of September, where it will undergo field testing with Fortescue Metals Group. King also discussed the company's recent collaboration with Master Drilling, a contractor for Anglo American, showcasing the potential for improved sample quality and increased market demand with its Sampling System.

Tribe Technology's sales pipeline looks very robust, with contracts in place for five drills and growing interest from tier-one miners and contractors.

To stay up to date with Tribe Tech's progress, you can register to their investor hub here: https://investorhub.tribetechgroup.com/auth/signup

Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel, and enable notifications for future content.

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Pan African Resources PLC CEO Cobus Loots takes Proactive's Stephen Gunnion through the highlights of the company's operational update for the year to 30 June 2024.

Loots highlighted the company's operational successes over the past year, including meeting production and cost guidance, improved safety, and the upcoming commissioning of the Mintails operation in South Africa.

Loots elaborated on the performance of the surface tailings at Elikhulu and BTRP, noting their status as some of the lowest-cost gold producers in Africa with a promising lifespan. He also discussed the progress of the Mogale Tailings Retreatment Project, which is ahead of schedule and under budget, with first gold production expected by October and full operation by December.

The conversation covered the significant capital investments in the Evander underground operation and the anticipated benefits of the new ventilation shaft and hoisting system. Additionally, Loots talked about the company's advancements in renewable energy projects, including the completion of the Fairview mine solar plant and ongoing feasibility studies for expansions at Mogale and Evander.

Loots shared the company's cost-saving strategies, particularly in response to rising utility costs, and expressed optimism about the gold market and Pan African Resources' position within it. He emphasised the company's commitment to safety, operational optimisation, and the positive impact of their projects on local communities and the environment.

For more insightful interviews and updates, visit Proactive's YouTube channel. Don't forget to like this video, subscribe to our channel, and enable notifications for future content.

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