Proactive - Interviews for investors

Intra Energy Corporation Ltd (ASX:IEC) managing director Ben Dunn joins Proactive’s Meagan Evans to discuss a newly defined large-scale, high-tenor gold anomaly at the Maggie Hays Hill Project in Western Australia. Soil sampling assays revealed gold values between 15 and 85 parts per billion, delineating a 700-metre-long and up to 170-metre-wide anomaly. The sampling follows a 1.5-kilometre-long gold anomaly along a sheared basalt and ultramafic contact, with quartz reefs strongly correlating with the elevated gold results. The company plans to test this anomaly in an upcoming drill program.

Dunn highlighted the project's rapid advancement towards drilling, noting significant gold discovery potential based on historical trenching and recent assay results. Additionally, several other gold targets within the tenement warrant further investigation.

At the tenement's southern end, mapping and sampling have identified pegmatite outcrops with elevated lithium, tantalum, niobium and caesium levels. Drilling targets for these elements have been established along a 2.5-kilometre zone, with a 2,000-metre RC drill program planned. A heritage survey, delayed by heavy rain, is now scheduled for mid-June. Following this, drilling preparations will commence, with drilling expected to start in mid-July.

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Intra Energy Corporation defines gold anomaly

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Titan Minerals Ltd (ASX:TTM) CEO Melanie Leighton joins Proactive’s Meagan Evans to discuss the expanded gold footprint of Titan’s Dynasty Gold Project in southern Ecuador through soil geochemistry and geological mapping. The company has identified a larger gold footprint, extending an additional 2 kilometres over the Gap Zone, where epithermal gold veining has been confirmed, suggesting a potentially large system from Iguana to Trapichillo prospects that remains undrilled. Explorative mapping at the Gisell copper target has revealed argillic and phyllic alteration and A-type veins, confirming it as a new porphyry copper discovery, with further trenching results expected soon.

Leighton highlighted the discovery of multiple new gold and copper targets through dedicated exploration, aiming to grow the existing 3.1-million-ounce gold and 22-million-ounce silver resource. The company is focused on the 2-kilometre Gap Zone, linking Iguana and Trapichillo, which has seen limited exploration. Titan plans to undertake target assessment and ranking in preparation for drill testing multiple targets as part of its resource growth strategy at Dynasty. Additionally, an updated geological model for the Cerro Verde prospect has been handed over for resource estimation, with an update expected in July.

#ProactiveInvestors #TitanMinerals #ASX #Gold #DynastyGoldProject #Ecuador #Copper #Silver

Titan Minerals expands Dynasty footprint

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North Bay Resources CEO Jared Lazerson joined Steve Darling from Proactive to share exciting news regarding the company's latest exploration efforts at the Fran Gold Joint Venture Property. The assays received from this exploration have revealed significant findings.

The assays were conducted over a wide area of known gold mineralization across pre-existing trenches labeled A through E. Lazerson reported that the assays from separate composite samples taken from trenches B and C yielded nearly identical results, each showing 0.5 troy ounces per ton of gold. This suggests a consistent and substantial gold presence in these areas.

The central area of the property, known as the Bullion Alley Zone, has been identified as the richest part of the site. This zone, supported by extensive drilling data, appears to be a potential feeder zone, making it a prime focus for upcoming bulk sampling operations. Additionally, assays from trenches A and B revealed a notable 0.9% copper content along with high iron concentrations.

North Bay Resources is currently awaiting the results of metallurgical tests, which will help determine the specific compounds present in the mineralization. These results are crucial as they will assist the company in evaluating the applicability of gravity and flotation recovery methods for gold separation.

This recent discovery marks a significant milestone for North Bay Resources, indicating promising potential for future mining and extraction operations at the Fran Gold Joint Venture Property. The company remains optimistic about the continued exploration and development of this valuable asset.

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Sintana Energy CEO Robert Bose recently spoke with Steve Darling from Proactive to discuss the company's significant developments and strategic plans for the year ahead. Among the key highlights was the completion of Sintana's acquisition of Giraffe Energy, a move that secures a controlling interest in a partnership with Namibia's National Oil Company for a license in the Orange Basin. This acquisition notably extends Sintana's footprint within this highly productive exploration region.

Bose emphasized the successful partnership with Chevron, particularly regarding the Pel 90 license. Additionally, Chevron has teamed up with Sintana on the Pel 82 license in the Walvis Basin, further strengthening their collaboration in Namibia. This expansion underscores ongoing strategic growth and exploration opportunities for both companies in the region.

Recent exploration efforts on Pel 83, operated by Galp of Portugal, have yielded substantial discoveries at the Mopani prospect. Two wells have produced multiple light oil finds, with estimates exceeding 10 billion barrels of oil. Galp is planning a further four-well campaign to explore and appraise the Mopani prospect, set to commence in the fourth quarter of 2024. Concurrently, Chevron is slated to begin exploration activities on Pel 90.

Bose also highlighted Sintana's recent recognition as the top energy company on the 2024 TSX Venture 50 list. This accolade is a testament to Sintana's strategic positioning, strong partnerships, and dedicated team efforts. Such recognition underscores the company's significant achievements and its promising potential within the energy sector.

These developments mark a significant milestone for Sintana Energy, reflecting the company's robust growth strategy and its commitment to leveraging strategic partnerships and acquisitions to enhance its exploration and production capabilities.

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Nevada Lithium CEO Stephen Rentschler joined Steve Darling from Proactive to announce the company's intention to complete a non-brokered private placement aimed at raising approximately $6 million in gross proceeds. This fundraising effort will be spearheaded by strategic investor Marcel Boekhoorn.

Rentschler elaborated that the additional capital is essential for enhancing shareholder value by capitalizing on newly identified high-grade lithium and boron mineralization. The Bonnie Claire Project, which has garnered attention for its substantial lithium resources, continues to solidify its reputation as one of the largest lithium deposits in North America. Situated in the premier mining jurisdiction of Nevada, Bonnie Claire is strategically positioned to benefit from the region's favorable mining conditions and infrastructure.

The net proceeds from the private placement will be instrumental in advancing the Bonnie Claire Project. Specifically, the funds will be allocated towards updating the Preliminary Economic Assessment (PEA) and conducting a Pre-Feasibility Study (PFS). These critical evaluations will provide a comprehensive understanding of the project's economic viability and technical feasibility, laying the groundwork for future development and potential production.

Rentschler emphasized that the Bonnie Claire Project represents a significant opportunity for Nevada Lithium, not only because of its size but also due to the high-grade nature of the lithium and boron mineralization identified. The project's ongoing development aims to meet the growing demand for lithium, driven by the expanding electric vehicle (EV) market and the global push for cleaner energy solutions.

The updated PEA and PFS will incorporate the latest drilling and exploration data, ensuring that the project’s economic models are robust and reflect current market conditions. These studies are expected to highlight the project's potential to generate substantial returns and establish Nevada Lithium as a key player in the North American lithium market.

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Lightning Minerals CEO Alex Biggs joined Steve Darling from Proactive to share exciting news about the company's recent site visit to the Caraíbas and Sidrônio lithium projects in Minas Gerais, Brazil, and the completion of phase one reconnaissance works. This site visit was attended by Lightning Minerals representatives and local contract geologists who possess considerable experience with lithium in the region.

Biggs highlighted that the site visit yielded positive indications, including the verification of previously identified outcropping pegmatites containing lithium-bearing minerals within artisanal workings at the Caraíbas project. Additionally, numerous pegmatite showings were observed across both the Caraíbas and Sidrônio project areas, suggesting the presence of pervasive hydrothermal activity. These findings reinforce the potential for significant lithium mineralization in these areas.

Looking ahead, Biggs outlined the next steps, which could include a focused geological mapping and sampling program lasting three to five days. This program would encompass stream sediment sampling and outcrop geology mapping campaigns as part of a broader regional exploration exercise. These strategies are designed to be fast, effective, and low-cost, allowing the company to gather crucial data efficiently. Furthermore, Lightning Minerals is considering soil sampling programs and leveraging geophysics datasets that display features resembling those of nearby spodumene-rich pegmatite deposits. The company plans to utilize drone technology for these surveys, significantly reducing costs compared to traditional helicopter-based survey work.

In other news, Lightning Minerals announced the commencement of a focused auger sampling campaign at its Mailman Hill gold project in Western Australia. This auger campaign aims to identify drill targets that may extend Cavalier Resource’s Crawford Gold Project. The Mailman Hill asset, which was part of the company's IPO on the ASX in November 2022, has shown promising gold potential following an in-depth data review. While Lightning Minerals remains focused on its lithium projects in Australia, Brazil, and Canada, it recognizes the importance of evaluating all its projects and completing appropriate exploration works.

Biggs emphasized the company's excitement about the prospects at Mailman Hill, highlighting its potential to contribute significantly to Lightning Minerals' asset portfolio. The company's strategic approach to exploration and development ensures that each project is thoroughly assessed and advanced based on its unique merits and potential.

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The FTSE 100 got off to a strong start, gaining around 0.5% to 8,185.28 in opening trades.

Premier Inn owner Whitbread has booked an early place at the top of the leaderboard, up 3.1% after reporting solid first-quarter numbers and expressing confidence in achieving its full-year outlook.

However, Ashtead Group fell 4% after its fourth-quarter results came in below expectations, with full-year profits down 2%.

The construction equipment group also kept a lid on a mooted potential move of its main listing from London to New York.

In macro news, monthly UK grocery data from Kantar shows price inflation dropping to 2.1% in the four weeks to 9 June, down from 2.4% a month earlier and the sixteenth consecutive monthly drop.

This easing inflation and many rainy days led to the lowest take-home grocery sales growth in two years, which was up 1.0% in value terms in the four weeks.

Of the listed supermarkets, Ocado Retail, the joint venture between Ocado Group PLC and Marks and Spencer saw the strongest growth, with sales up 10.7% in the 12 weeks to 9 June, with Tesco sales up 4.6% and Sainsbury's up 4.9%.

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Race Oncology Ltd (ASX:RAC) executive director Peter Smith sits down with Proactive’s Meagan Evans to discuss the US Food and Drug Administration’s extension of its Rare Paediatric Disease Designation (RPDD) to RC220 bisantrene for the treatment of childhood (paediatric) subtypes of AML. The RPDD was previously granted to RC110 bisantrene in 2018.

This designation is given to new treatments for serious or life-threatening diseases affecting fewer than 200,000 people in the US, primarily those under 18. Some 70% of rare diseases begin in childhood, with 95% lacking approved treatments. The RPDD allows sponsors to qualify for a Priority Review Voucher (PRV) from the US FDA upon marketing approval, enabling a six-month accelerated review of the drug. PRVs can be sold or transferred, with recent sales averaging more than US$100 million.

Race Oncology is in discussions with Associate Professor Dr Himalee Sabnis from Emory University and an international paediatric oncology cooperative group to explore trials of RC220 bisantrene as a salvage treatment for paediatric AML. Although no agreements have been finalized, the interest from leading paediatric oncologists is promising.

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ARway.ai Chief Product Officer Shadnam Khan joined Steve Darling from Proactive to announce the exciting integration of Apple's new Enterprise APIs with ARway's augmented reality solutions. This strategic move leverages the advanced hardware and sensor capabilities of the Apple Vision Pro, significantly boosting ARway's platform capabilities. The company anticipates that this integration will lead to a substantial increase in enterprise deployments, expanding their reach and impact across various sectors.

Khan shared with Proactive that the integration with Apple's Enterprise APIs enables ARway.ai to fully harness the advanced sensors and hardware of the Apple Vision Pro. This enhancement introduces hands-free AR experiences, making the platform more versatile and user-friendly. The Vision Pro's superior sensor access and platform control allow ARway.ai to deliver more accurate tracking and positioning, which are crucial for a wide range of applications. This technological advancement enables ARway.ai to improve services such as indoor navigation, training, onboarding, advertising, and more.

The integration's benefits span multiple industries, including retail, hospitality, construction, manufacturing, field services, transportation, corporate campuses, events, and tradeshows. For instance, in the retail sector, the enhanced AR capabilities can revolutionize the customer shopping experience by providing interactive product information and personalized navigation within stores. In hospitality, it can offer immersive guest experiences and streamlined operational efficiencies.

Events and tradeshows stand to gain significantly from these advancements, as ARway.ai can provide engaging and interactive experiences for attendees, exhibitors, and organizers. The ability to offer detailed information, immersive demonstrations, and seamless navigation will enhance the overall event experience.

Moreover, ARway.ai's platform, enhanced by the Apple Vision Pro, can support sophisticated advertising campaigns, delivering targeted and interactive advertisements that capture the audience's attention more effectively. The hands-free AR experiences also reduce the need for manual interaction, making the technology accessible and convenient for users across different environments.

Through this integration with Apple's Enterprise APIs, ARway.ai is poised to set a new standard in the AR industry, driving innovation and delivering exceptional value to its clients. The company's commitment to leveraging cutting-edge technology underscores its mission to transform and enhance the way businesses and consumers interact with the world through augmented reality. As ARway.ai continues to evolve and expand its capabilities, the future looks promising for its role in shaping the AR landscape.

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American Rare Earths Limited CEO Donald Swartz joined Steve Darling from Proactive to announce that the company is preparing to mobilize drillers for a new drilling program set to begin in July. This ambitious project at the Cowboy State Mine will involve drilling approximately 23 holes, covering a total distance of 2,470 meters.

American Rare Earths Limited is not only focusing on drilling but is also advancing its processing and leaching test programs. The company plans to utilize around 3 tonnes of core samples from Halleck Creek, along with additional samples collected during the drilling process. These samples will undergo thorough processing and separation testing, based on the current evaluations by Mineral Technologies and SGS Canada. The company anticipates the commencement of these test programs in the third quarter of 2024.

Swartz emphasized the company's dedication to environmental responsibility. American Rare Earths Limited has partnered with local firm WWC Engineering to manage and execute baseline environmental data collection at the Cowboy State Mine. This initiative will include comprehensive vegetation and animal monitoring surveys. Further baseline environmental studies will proceed following consultations with the Wyoming Department of Environmental Quality – Land Quality Division, ensuring that all activities comply with regulatory standards and support sustainable mining practices.

With these significant steps, American Rare Earths Limited is poised to make substantial progress in their exploration and development efforts at the Cowboy State Mine, while maintaining a strong commitment to environmental stewardship and regulatory compliance.

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