Proactive - Interviews for investors

Diamond Lake Minerals CEO Brian J. Esposito and Horizon Fintex CEO Brian Collins joined Steve Darling from Proactive to share news of a significant $3.75 million share exchange agreement between Diamond Lake Minerals and Horizon Fintex, involving Horizon Fintex's regulated tokenized-securities exchange, Upstream.

Under the terms of the agreement, Horizon Fintex issued 1,250 common shares, valued at $3,000 per share, in exchange for 1,000,000 newly issued common shares in Diamond Lake Minerals. This partnership is designed for mutual benefit, aiming to attract new issuers to list on Upstream, thereby increasing Upstream's trading liquidity and providing economic advantages to the shareholders of both companies. Upstream is the only market seeking to offer investors direct exchange access to primary and dual listed equities from all over the world right from their smartphones.

Alongside the share exchange partnership, Diamond Lake Minerals also signed a Cooperation, Marketing, and Referral Agreement with a Horizon Fintex subsidiary. This agreement designates Diamond Lake Minerals as a commercial advisor, responsible for introducing and referring issuers who are seeking to list on Upstream.

One of the unique aspects of Upstream is that investors are directly connected to the exchange via the Upstream trading app, eliminating the need for stockbroker middlemen. Investors can trade in real-time, 20 hours a day, five days a week. The platform offers streamlined onboarding, transparent order books where all participants can see level-2 bids and offers, and is designed to prevent market manipulation techniques such as short selling, stock lending, wash trades, and payment for order flow. This is achieved through Horizon Fintex's advanced Ethereum smart-contract technologies.

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Blockmate Ventures CEO Justin Rosenberg joined Steve Darling from Proactive to announce the upcoming launch of a native token for Hivello's platform. This launch, set for August 30, 2024, will be supported by three new commercial partners and will provide essential utility within the Hivello DePIN platform.

Rosenberg detailed the platform's development, highlighting the Hivello Windows app, which entered private beta in May. The app has already garnered significant interest, with over 20,000 users subscribing to the waitlist. The platform aims to simplify Web3 mining for novices, enabling them to utilize unused computing power to generate passive income.

To ensure the successful promotion and launch of the token, Hivello has partnered with several renowned agencies. Luna PR, known for its expertise in Web3 and emerging technologies, will lead the promotional efforts. Technical growth will be supported by Winn.Solutions, while Forgd, an innovative agency, will contribute to the launch preparations. These strategic partnerships are poised to enhance the platform's reach and effectiveness as it approaches the highly anticipated token launch.

With this strategic approach and strong support from leading agencies, Blockmate Ventures and Hivello Holdings are set to make a significant impact in the Web3 space, offering users a simplified and efficient way to engage in mining activities and generate passive income.

#proactiveinvestors #blockmateventures #tsxv #mate #otcqb #matef #hivello

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Silver Range Resources CEO Mike Power joined Steve Darling from Proactive to share encouraging exploration results from short exploration programs conducted at the Cambridge Property in Lyon County and the Sniper Property in Esmeralda County, Nevada.

At the Cambridge Property, Power reported that reconnaissance underground investigations revealed that exposed stopes in the area of recent excavator trenching were partially backfilled by spoil during excavation. It appears that the upper portions of the mine might be accessible with limited underground rehabilitation. Additionally, mineralization was discovered in a subordinate footwall vein splay, oblique to the main Cambridge Vein. Grab samples from a 15 cm exposure of this vein returned impressive results of 7.61 g/t Au and 52.1 g/t Au.

Meanwhile, at the Sniper Property, a short Packsack diamond drill hole in the north wall of a small pit returned 2.30 meters at 2.10 g/t Au and 55.3 g/t Ag from the surface, with mineralization open at depth. The Sniper Property is located on the north flank of Gold Mountain. The area is characterized by ribbon-banded quartz veins containing pyrite, galena, tetrahedrite, and secondary chrysocolla and wulfenite, present in the carapace of a Jurassic intrusion just below the contact with overlying Precambrian Wyman formation metasediments.

Initial sampling by Silver Range at the Sniper Property showed high gold and silver grades. Out of 14 samples, seven returned assays greater than 5 g/t Au, and five samples returned assays greater than 20 g/t Au, with a peak value of 121 g/t Au. Silver assays ranged from 0.2 to 1,375 g/t Ag, with three samples assaying greater than 100 g/t Ag. The property appears to have been initially explored with small adits and shafts before the 1980s. Between 1978 and 1983, these were partially covered or obliterated by bulldozer during exploration and high-grading. The Sniper Property is one of many small mines and prospects in the Tokop Mining District, which have produced sporadically or intermittently since 1866.

These exploration results underscore the potential for significant mineralization at both the Cambridge and Sniper properties, enhancing Silver Range Resources' prospects for future development and production.

#proactiveinvestors #silverrangeresourcesltd #tsxv #sng #mining #gold

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UK stocks have edged lower this morning as the markets reacted to the Federal Reserve's hawkish tone at yesterday's meeting, with policymakers now targetting just one rate cut this year.

Making early movements was Halma, which led the charge, after it posted yet another record profit, leading to management hiking the annual dividend for the 45th year in a row.

BT also experienced a lift after it was revealed Latin America's richest man Carlos Slim had taken a 3% stake in the telecom giant.

Housebuilder Barratt and real estate firm Land Securities slipped in early movements after new industry data revealed the housing market's recovery "slipped into reverse" after the announcement of the election. New buyer demand and prices dropped in May, as the confidence in the UK housing market began to wane, according to the Royal Insititute of Chartered Surveyors.

Over in the US, attention is turning to the vote on Elon Musk's historic US$56 billion pay package, which he has taken to Twitter/X to claim he has won. Tesla investors are scheduled to vote against or for its boss's bonus, with top shareholders and proxy advisors having already come out against the package.

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Empire Metals Ltd (AIM:EEE) managing director Shaun Bunn joined Proactive's Stephen Gunnion with details of a JORC exploration target for two targets at its Pitfield titanium project, saying this represents another crucial step towards achieving a mineral resource estimate for the project.

Bunn highlighted the significance of the exploration target, describing it as "an extraordinary number ... an extraordinary estimate," with approximately 30 billion tons at a grade of between 4.5% and 5.5% titanium dioxide. This estimate covers just two of the targets, Cosgrove and Thomas.

He further explained the collaborative efforts with Snowden, a leading mineral resources consulting group, in developing the geological models and conducting due diligence. The exploration target alone represents 1.5 billion tons of titanium dioxide contained, equivalent to 150 years of current annual consumption.

Bunn discussed the next steps, including accelerating the process towards a mineral reserve and emphasising the continuity and grade of the mineral system, which might allow for a mineral resource estimate without extensive infill drilling.

Stay tuned to Proactive's YouTube channel for more updates from Empire Metals. Don't forget to like the video, subscribe to our channel, and enable notifications for future content.

#EmpireMetals #TitaniumExploration #PittsfieldProject #MiningUpdate #ShaunBunn #MineralResources #ProactiveInvestors #ExplorationTarget #TitaniumDioxide #MiningIndustry

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Justin Virgin, executive director of Terrain Minerals Ltd (ASX:TMX), sits down with Proactive’s Jonathan Jackson to discuss the company's ambitions and projects. Terrain aims to make a significant discovery this year and has been assembling and working on projects accordingly.

The main focus is the Smoke Bush Project, known for its gallium and rare earth elements. Smoke Bush has shown high concentrations of these high-value critical metals, with notable recent results indicating significant gallium deposits.

Recent results from aircore drilling at Larin’s Lane within the Smokebush Project have been promising. The project is in the emerging Mid-West clay-hosted rare earth elements (REE) district of Western Australia, an area gaining a reputation as a premier REE destination. Nearby, Venture Minerals Ltd reported high-grade REE intersections at the Jupiter project, supporting Terrain’s expectations for the region.

Virgin says he is buoyed by the rise of gallium with the element’s increasing demand in advanced electronics, such as silicon chips and photovoltaic cells, making this project particularly exciting. Virgin highlighted the superior thermal properties of gallium, which enhance faster switching and higher voltage capabilities in electronics.

In addition to Smokebush, Terrain Minerals has other projects including Lort River. These projects diversify the company’s portfolio and add to its potential for discovery and development.

Over the next few months, Terrain Minerals expects to see continued exploration progress and potentially significant discoveries. The company is in advanced discussions with several groups to advance its projects, particularly focusing on gallium and rare earth elements.

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Carnavale Resources Ltd (ASX:CAV) managing director Humphrey Hale sits down with Proactive’s Jonathan Jackson to discuss the maiden mineral resource estimate (MRE) and scoping study for the Swiftsure deposit within the Kookynie Gold Project, 60 kilometres south of Leonora in Western Australia. The study explored multiple mining scenarios, identifying the most profitable approach as a combination of compact open pit and underground development.

The initial Swiftsure MRE reveals 457,000 tonnes at a grade of 5.8 g/t for 85,000 ounces of gold. This includes a particularly high-grade zone containing approximately 53,000 ounces at 31.2 g/t.

Notably, 61% of this resource is classified in the indicated category. The resource remains open at depth and along strike, suggesting further potential for expansion. Recent discoveries at the Tiptoe and Valiant sites, along with other targets, present additional opportunities for increasing the resource at the Kookynie Project.

The scoping study demonstrates robust financial metrics and competitive costs, utilising conservative mining parameters and current cost assumptions based on a gold price of A$3,500 per ounce. The pre-tax Net Present Value (NPV8) is approximately A$91 million with an Internal Rate of Return (IRR) of 192%. The undiscounted cash flow stands at approximately A$105 million.

This study indicates a total pre-production capital requirement of around $3 million, with a maximum drawdown of $12.9 million in the eighth month of operations. The initial mine life is projected to be 32 months, with the capital payback period occurring within 14 months of operations commencing.

The initial mine production target, including mine dilution, is about 421,000 tonnes at 4.6 g/t for 62,000 ounces. During the payback period, 93% of the resources extracted from the open pit are classified as indicated. The total all-in cost of production is estimated at approximately A$1,730 per ounce recovered, with 56% of production sourced from the open pit.

Situated within trucking distance of several operational gold processing plants in the Eastern Goldfields, the Kookynie Project offers multiple monetisation strategies. Carnavale is evaluating the project's economics based on a contract operator and toll treatment operation to simplify the process.

Hale expressed optimism about the project's high-grade characteristics and future exploration potential, emphasising the promising financial outlook and significant exploration upside.

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Yandal Resources Ltd (ASX:YRL) technical director Chris Oorschot joins Jonathan Jackson in the Proactive studio to discuss the company’s ground gravity survey at its Ironstone Well-Barwidgee (IWB) Gold Project in Western Australia, in which new large-scale gold targets were identified. The survey, completed in April 2024, used a 200-metre by 200-metre grid across the northeast portion of the project, approximately 50 kilometres south of the Jundee Gold Mine.

The survey addressed areas where regional aerial magnetics failed to adequately resolve underlying stratigraphy and structural architecture. The processed ground gravity images, received in late May, revealed several compelling conceptual gold targets and a more complex structural setting than previously interpreted.

Notable findings include an interpreted large-scale north plunging fold structure, truncated by a northwest striking shear zone. This structural setup is akin to other world-class gold camps, such as the Golden Mile deposit and the Timmins-Porcupine gold district in Canada. Additionally, the survey highlighted the poorly tested Irulan dolerite, which shares a similar lithostructural setting with the Jundee Gold Mine.

Oorschot noted the discovery of potentially two new regional structures and expressed optimism about the high-quality regional datasets' benefits.

Upcoming activities include a detailed review of historical exploration, field reconnaissance, and analysis of regional soil sampling results due in mid-June. Yandal plans a comprehensive review of project-wide targets in July and maintains robust funding for ongoing exploration throughout 2024.

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Magmatic Resources Ltd (ASX:MAG) managing director Dr Adam McKinnon joins Jonathan Jackson in the Proactive studio to discuss approval of an initial work program for the Myall Project joint venture. The approval comes from a newly formed exploration committee that has outlined a two-phase work plan for Myall in the Lachlan Fold Belt of central New South Wales for the 2024/2025 Financial Year.

The Myall Project farm-in and joint venture is between Magmatic and Fortescue’s FMG Resources Pty Ltd. Under a farm-in and JV agreement signed in March, FMG will invest up to $14 million over six years to earn up to a 75% interest in the Myall Project. An initial 51% interest can be earned by spending $6 million on exploration over the first four years, with a minimum commitment of $3 million and 3,000 metres of drilling in the first two years.

The exploration committee, which includes representatives from both companies, has developed a budget and work program for the coming year after reviewing past exploration activities and available datasets. Phase 1 will involve reassaying historic core and drill chips, resampling up to 75 holes, and reprocessing existing geophysical datasets. Phase 2 will include drilling six diamond holes, each 400-500 metres deep, in the Corvette/Kingswood region.

Phase 1 work has started, with most activities expected to be completed by the end of the year, subject to access and weather conditions. McKinnon expresses his enthusiasm for the project, highlighting the potential for significant copper-gold discoveries.

The Myall program will run concurrently with exploration at Magmatic’s other projects, including aircore drilling at the Lady Ilse Prospect on the Wellington North Project.

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Recce Pharmaceuticals completes high-dose cohort in UTI/Urosepsis trial

Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) CEO James Graham sits down with Proactive’s Jonathan Jackson to discuss the completion of dosing of its latest cohort in the Phase 1/2 UTI/Urosepsis clinical trial. This trial investigates the effectiveness of RECCE® 327 (R327) at rapid infusion rates. The company successfully administered its highest dosage yet, delivering 4,000mg of R327 over 20 minutes to six participants.

Administering antibiotics through rapid intravenous infusions has shown to be safe and effective, improving patient care, reducing wait times and decreasing nursing workloads globally.

An independent safety committee will review the cohort data with preliminary results anticipated in the coming weeks. The trial has already identified the minimum inhibitory concentration (MIC) activity against bacteria in clinical samples, assisting in dose optimisation for regulatory purposes.

Graham highlighted the achievement of a new milestone by administering the highest dosage to date, underscoring its significance in advancing R327 as a potential treatment for UTI/Urosepsis. Data from this trial will inform the design of a Phase 2 efficacy trial, which aims to establish R327 as a frontline treatment. Full efficacy data from the trial will be available upon its completion according to the study protocol.

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