Proactive - Interviews for investors

Pantoro Ltd (ASX: PNR) managing director Paul Cmrlec joins Jonathan Jackson in the Proactive studio to discuss the significant progress the company has made in the last quarter in various areas, including production, financials and development projects.

During the quarter, production from the Norseman Gold Project reached 20,805 ounces, marking continued growth in both production and cash flow. By the end of the quarter, Pantoro’s cash and gold position stood at $103.9 million. After accounting for the equity raise and debt repayment, the company's cash and gold position increased by $6.7 million. Including these factors, the increase was $57.1 million.

A notable achievement for the quarter was the full repayment of the Nebari term loan facility in June, amounting to $44.45 million. This repayment is expected to save Pantoro approximately $11.4 million in interest over the next three years. Additionally, an equity placement completed in May 2024 raised $95 million, net of fees.

The quarter also saw substantial development at the Scotia Underground Mine. The portal was cut on May 9, 2024, and approximately 314 metres were developed during May and June. The Scotia Underground Mine is anticipated to begin ore production in the current quarter.

Looking ahead, Pantoro has outlined a major growth program for FY2025, with planned expenditure of $25 million focused on high-grade underground feed for the Norseman processing plant. Moreover, work has commenced to re-enter the Bullen Underground Mine at the Norseman Mainfield.

Cmrlec commented on the quarter's achievements, noting that it saw another solid production improvement and substantial re-capitalisation of the company. This financial position now allows Pantoro to accelerate the growth of the Norseman asset, leveraging resources at a level rarely seen in the project's long history.

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Suvo Strategic Minerals Ltd (ASX:SUV) executive director Aaron Banks sits down with Proactive’s Jonathan Jackson to talk about a binding joint development agreement (JDA) between its subsidiary Climate Tech Cement Pty Ltd (CTC) and Polevine Pty Ltd (PERMAcast) to deliver and commercialise low carbon geopolymer concrete (GPC) products.

Bogunovic highlighted the collaboration with PERMAcast as a significant milestone, marking the start of production at PERMAcast’s facility. The agreement allows Suvo to address numerous inquiries about their products.

The initial product, Colliecrete, will be showcased in a major Western Australian Government infrastructure project, facilitated by the Sustainability Waste Alliance (SWA). This project involves the delivery of 1,000mm x 300mm x 300mm low carbon geopolymer backing blocks by the end of the month.

The JV will develop and test various GPC formulations to achieve concrete strengths of 10, 20, 30, and 40 MPa. It will also characterise applications for different GPC strengths, assess cost and performance, and determine the optimal commercialisation strategy. PERMAcast will fund the project and any new intellectual property created will be owned by the JV, acknowledging Murdoch University’s background IP rights licensed to Suvo.

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Lunnon Metals Ltd (ASX: LM8) managing director Ed Ainscough provides Proactive’s Jonathan Jackson with an update on the Long South Gap exploration program at the Silver Lake-Fisher (SLF) Project in the Kambalda nickel district. The Long South Gap, an underexplored 5.8-square-kilometre area, lies adjacent to the historical Silver Lake mine and the Kambalda Dome.

Processing and analysis of 3D seismic survey data collected in late 2023 by Southern Geoscience Consultants Pty Ltd (SGC) revealed a previously unrecognised channel feature potentially rich in nickel. This channel is approximately 1-kilometre long, 100-150 metres wide, starting at 670 metres below the surface and plunges at a 40° angle. It is halfway between Wyloo’s McLeay channel and Lunnon’s Silver Lake channels, offset 700 metres from McLeay channel due to the Alpha Island fault.

Lunnon has prioritised this area for its geological prospects, focusing on the basal Lunnon Basalt-ultramafic contact and any significant faults. Despite the promising findings, the company will pause new surface nickel exploration activities due to current market conditions and focus on low-cost, near-surface gold exploration at Foster-Baker.

Ainscough highlighted the company’s strategy to conserve cash while remaining prepared to resume exploration when market sentiment improves. Meanwhile, low-cost methods, including machine learning, will be explored to further analyse the 3D seismic data.

#ProactiveInvestors #ASX #LunnonMetals #NickelExploration #GoldExploration #LongSouthGap #3DSeismicData #MiningUpdates #KambaldaDistrict #SilverLakeFisher #WylooPtyLtd #GeologicalSurvey #NickelDiscovery #ExplorationUpdate #MiningSector #SeismicSurvey #NickelChannel #AlphaIslandFault #FosterBaker #GoldMining #MiningIndustry #MachineLearning

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Novo Resources Corp (TSX:NVO, ASX:NVO ) executive co-chair and acting CEO Mike Spreadborough sits down with Proactive’s Jonathan Jackson to discuss the start of two drilling programs at the Becher JV Project in Western Australia's Pilbara region. These programs target gold and base metal mineralisation at the Heckmair and Lowe prospects. De Grey Mining, Novo's farm-in and joint venture partner, will conduct 28,000 metres of combined aircore and reverse circulation (RC) drilling, adding to the 10,500 metres drilled last year.

The Lowe prospect previously yielded results of up to 8 metres at 4.7 g/t gold from 97 metres while Heckmair produced a 24-metre multi-element intersection with gold, silver, copper, lead and zinc mineralisation.

Becher is part of the Egina Gold Camp, operated under the Egina Joint Venture. De Grey Mining aims to earn a 50% stake through a $7 million exploration investment this year and a further $25 million over the next four years.

Spreadborough described this phase as an exciting time for the Egina JV, highlighting the recommencement of the drilling programs. He emphasised the continuation of the 28,000 metres of drilling as a follow-up to the initial program completed in 2023, advancing key targets historically identified by Novo.

In addition to Becher, Novo is undertaking 4,000 metres of RC drilling at Nunyerry North, expected to complete this month with assay results available later in the month. Subsequent plans include aircore drilling at the Balla Balla Gold Project or RC drilling in the Karratha District, targeting gold-copper and platinum-palladium, depending on heritage surveys and approvals.

#ProactiveResources #NovoResources #ASX #DeGreyMining #GoldExploration #BecherProject #PilbaraRegion #MiningNews #EginaGoldCamp #DrillingPrograms #MineralExploration #GoldMining #BaseMetals #JointVenture #AircoreDrilling #RCDrilling #MiningInvestments #ExplorationUpdate #GoldProspects #AustralianMining #ResourceDevelopment #MineralResources

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Antipa Minerals Ltd (ASX:AZY) managing director Roger Mason joins Jonathan Jackson in the Proactive studio to discuss positive final results from its 2024 Phase 1 reverse circulation (RC) drilling program at the Minyari Dome Gold-Copper Project in Western Australia.

The program, initially set for 74 drill holes, expanded to 81 due to favourable early outcomes. Drilling unveiled new zones of near-surface, high-grade gold, especially at the northern edge of the GEO-01 discovery, the GP01 target, and the Minyari Southeastern Extension target.

The GEO-01 discovery now has a mineralised footprint of 700 metres by 500 metres, with key intersections indicating substantial resource potential. Results suggest extensive potential for a maiden resource, with mineralisation at multiple GEO-01 lodes and the Minyari Southeast Extension target remaining open.

Antipa plans to explore these areas further in the 2024 Phase 2 drilling program to enhance the 1.8-million-ounce gold resource at Minyari Dome, aiming for significant resource expansion. Managing director Roger Mason highlighted the successful identification of new gold zones, enhancing the resource potential and generating new drill targets. An updated resource for Minyari and a GEO-1 maiden resource are scheduled for July 2024, with Phase 2 drilling set to commence later this year.

#ProactiveInvestors #ASX #AntipaMinerals #GoldExploration #CopperProject #MiningNews #MinyariDome #HighGradeGold #ResourceExpansion #DrillingResults #GeologicalDiscovery #ASX #WesternAustraliaMining #GoldMining #CopperMining #ExplorationSuccess #Mineralisation #ResourceUpdate #Phase2Drilling #MiningIndustry #GoldCopperProject #InvestmentOpportunity

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Lithium Australia Ltd (ASX:LIT, OTC:LMMFF) CEO Simon Linge sits down with Proactive’s Jonathan Jackson to discuss the company’s first operating cash profit for its battery recycling operations in the fourth quarter of the 2024 financial year.

This milestone was driven by the company's upstream 'fee-for-service' recycling model, which boosted revenue and reduced dependence on downstream commodity sales. The strategic shift to large-format lithium-ion battery (LIB) collections, along with safety and operational improvements, enhanced the unit economics.

Linge highlighted the significance of achieving this profit despite low commodity prices, attributing success to growth in the fee-for-service model, which allowed for upfront revenue on improved terms. This revised commercial model supports ongoing joint development discussions with SungEel HiTech, aiming to scale operations in line with expected LIB collection volume growth.

LIT has secured upstream battery feedstock and revenues through exclusive agreements with customers like LG Energy Solutions, Volvo and Hyundai Glovis. General Manager Steven Marshall noted the team effort and customer support that facilitated safe production and sustainable battery disposal. The improved unit economics were driven by increased large-format LIB collection volumes from exclusive agreements with leading OEMs, reducing exposure to market volatility.

Envirostream, LIT’s recycling operation, saw a 74% increase in LIB collections from the previous quarter, collecting 241 tonnes of large-format LIBs and 66 tonnes of small-format batteries. The company expects continued growth, supported by discussions with SungEel HiTech for a joint venture to upgrade recycling equipment and expand processing capacity.

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Diversified Energy Company CEO Rusty Hutson Jr. joined Steve Darling from Proactive to announce the conditional purchase and sale agreement for acquiring high-working interest, operated natural gas properties and related facilities located within eastern Texas from Crescent Pass Energy. The company expects to close the acquisition in the third quarter of 2024. These assets are contiguous with Diversified's existing East Texas assets and include approximately 170,000 acres of commercially attractive leasehold in both East Texas and the Freestone Trend.

Hutson informed Proactive about the current net production of 38 MMcfepd (6 Mboepd), with low annual declines of around 9%. This acquisition boasts industry-leading corporate declines and capital intensity. Hutson highlighted the importance of low decline rates in managing annual production levels and securing long-term cash flows. He also emphasised the company's strategy of growth through acquisitions, focusing on assets that add value to shareholders. A notable aspect of this transaction was the use of shares from Diversified Energy's US listing as part of the purchase price, marking a significant step in leveraging the company's equity in future acquisitions.

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#EnergyAcquisition #EastTexas #OilAndGas #EnergyAssets #StrategicGrowth #Synergies #OperationalEfficiency #EnergyIndustry #MatureAssets #LowDeclineRates #ShareholderValue #FinancialStability #USListing #EquityTransaction #EnergyProduction #CostReduction #AssetManagement #EnergyHedging #RustyHutsonJr

The Cronos Group CEO Michael Gorenstein joined Steve Darling from Proactive to announce the company's latest product innovations, perfectly timed for the summer season. The portfolio expansion features new flavors and formats from Cronos’ award-winning and best-selling cannabis products, including SOURZ by Spinach® edibles and a premier milled flower product.

Gorenstein shared that the new SOURZ by Spinach® Fully Blasted gummies deliver the same great-tasting flavors, now with an increased potency of 10 mg of THC per piece. The SOURZ by Spinach® Tropical Party Pack introduces new gummies with bolder tropical flavors, molded in the distinctive Spinach® “S” shape. These gummies offer a perfect blend of sour and sweet, utilizing Cronos' proprietary flavor-masking technology.

The SOURZ by Spinach® Fully Blasted line includes one 10 mg THC gummy per package in the following flavors as Pink Lemonade, Blue Raspberry Watermelon, and Electric Blue Raspberry

In addition to the new gummies, the Spinach® brand will also introduce Spinach Grindz™, a ready-to-use milled flower product designed for joints or vaporizers. The ready-to-use milled flower offerings have seen a surge in popularity in the Canadian cannabis market, appealing to value-conscious consumers seeking convenience. Spinach Grindz™ caters to this growing demand by providing high-quality, milled cannabis that saves time and effort, ensuring a consistent and hassle-free cannabis experience.

Gorenstein emphasized the company's commitment to innovation and meeting consumer needs, noting that these new products are designed to enhance the summer experience for cannabis users. With the introduction of these new edibles and milled flower options, Cronos Group continues to solidify its position as a leader in the cannabis industry, offering premium products that cater to a wide range of preferences and lifestyles.

#proactiveinvestors #cronosgroupinc #nasdaq #cron #tsx #cron

#GlobalCannabis, #MikeGorenstein, #SpinachBrand, #NewFlavours, #GrowCo, #CannabisInnovation, #CannabisIndustry, #ProductLaunch, #CannabisProducts, #CanadaCannabis, #IsraelCannabis, #GermanyCannabis, #UKCannabis, #AustraliaCannabis, #CannabisMarket, #CannabisGrowth, #CannabisPartnership,#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Soligenix CEO Chrisopher Schaber joined Steve Darling from Proactive to announce an interim update on the open-label, investigator-initiated study evaluating extended HyBryte™ treatment for up to 12 months in patients with early-stage cutaneous T-cell lymphoma. To date, six patients have been enrolled and treated with HyBryte™ over a time period ranging up to 44 weeks. Patients have responded positively to HyBryte™ therapy with 75% (3 of the 4 subjects who have completed at least 12 weeks of therapy) already achieving "Treatment Success," as predefined in the study's protocol as ≥50% improvement in their cumulative mCAILS score compared to Baseline.

Schaber also told Proactive that of the three Treatment Successes, two were achieved within the first 12 weeks of treatment and the third within 18 weeks. Of the remaining three patients, two have only recently started HyBryte™ therapy and have not yet reached their first efficacy evaluation visit, and the other had a substantial improvement documented at the Week 18 visit but has not yet achieved the success threshold.

Patients have the potential to be treated for up to 12 months with twice-a-week dosing (visible light activation following ointment application by 24 ± 6 hours). The study also allows for potential transition to a "real-world" setting with home-use.

Another vertical from the company is for public health solutions, which include heat-stable vaccines for emerging infectious diseases and biodefense. The latter segment has received over $60 million in non-dilutive funding from the US government.Soligenix's vaccines are notable for their heat stability, allowing them to be stored outside refrigerators for over two years at temperatures exceeding 100°F. This makes them particularly valuable in regions like Sudan, where cold chain distribution is challenging.

#proactiveinvestors #soligenixinc #nasdaq #sngx

#Biopharmaceutical, #RareDiseases, #Oncology, #Inflammation, #PublicHealth, #HeatStableVaccines, #Ebola, #Marburg, #Biodefense, #NonDilutiveFunding, #HyBryte, #CTCL, #Psoriasis, #ClinicalTrials, #USGovernmentFunding, #TopicalTherapy, #VisibleLightTherapy, #Biotech, #MedicalResearch#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

The FTSE 100 opened flat with some traders probably nursing sore heads after England’s last minute winner in the Euro semi-final.

In early exchanges, the Footsie was up 2 at 8,196.

Water companies were early risers as markets decided the price rises allowed by Ofwat for the next five years looked reasonable. United Utilities and Severn Trent were the best of the gainers.

What Ofwat’s decision means for struggling London supplier Thames is not clear as it can only raise prices at half the level it wanted.

There was more good news for Keir Starmer as Britain’s economy grew better than expected in May.

Month on month, gross domestic product grew by 0.4%, an upside surprise following a zero-growth period in April, and by 0.9% over the past three months.

Dr Martens also perked up after the iconic boot maker said trading had steadied in the first quarter, though it said this is seasonally its weakest.

#ProactiveInvestors #marketreport #ftse #ftse100 #footsie #ofwat #unitedutilities #severntrent #thameswater #drmartens #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews