Proactive - Interviews for investors

Golden Arrow Resources Corporation Vice Presdient of Exploration and Development Brian McEwan joined Steve Darling from Proactive to provide an update on the company's exploration activities in Chile and Argentina.

McEwan revealed that the company is currently drilling the second hole of a 10,000-meter diamond drilling campaign aimed at facilitating the first Mineral Resource estimate for the San Pietro project later in 2024. The drilling campaign follows a successful 4,000-meter program in 2023, which identified significant extensions to known mineralization at the advanced Rincones target. Notably, hole SP-DDH-12 returned promising results, with a 64.2-meter interval averaging 0.86% copper, 0.20 g/t gold, 196 g/t cobalt, and 26.9% iron, starting at 42.8 meters downhole.

In addition to the San Pietro project, Golden Arrow Resources Corporation is actively exploring the Yanso Project in San Juan province, Argentina. The project comprises 9,800 hectares across four non-contiguous concessions. Extensive reconnaissance mapping, sampling, and geophysical surveying have been conducted, resulting in the identification of multiple targets based on data from over 2,000 rock chip and channel samples, as well as IP-Resistivity and ground magnetic surveys.

Furthermore, the company provided an update on the Potrerillos Project, which includes 4,000 hectares of 100%-controlled claims in the Valle de Cura district, located just 8 kilometers east of Barrick's Veladero gold mine and Pascua-Lama development project. Previous exploration campaigns identified high-grade structures, anomalous samples, and large areas of alteration. In the current field season, historic targets are being re-evaluated to update the project database and assess potential for continued work or joint ventures in the evolving exploration climate.

Golden Arrow Resources Corporation's robust exploration efforts underscore its commitment to advancing its projects and unlocking the potential of its mineral assets in Chile and Argentina. With promising results and a strategic focus on resource development, the company is poised for further growth and success in the region.

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Bloomsbury Publishing Plc Chief Executive Officer Nigel Newton joined Steve Darling from Proactive to share exciting news about the company's outstanding performance, marked by a remarkable 57% rise in annual profits. Bolstered by strong sales of titles from acclaimed authors like Sarah J Maas, Katherine Rundell, and Samantha Shannon, as well as the enduring popularity of the Harry Potter series, Bloomsbury Publishing is experiencing a surge in success.

Maas, whose latest book 'Crescent City: House of Flame and Shadow' soared to the bestseller list in January, achieved an impressive 161% growth in sales, contributing significantly to the 49% jump in revenues from Bloomsbury's consumer division.

Overall, the publisher's revenues surged by 30% to £342.7 million in the 12 months ended February 29, resulting in pre-tax profits of £48.7 million. Shareholders are set to benefit from a dividend of 39.11p per share, marking a substantial 59% increase compared to the previous year.

Buoyed by its exceptional performance, Bloomsbury is confident in exceeding current consensus expectations for revenue and profit in the 2024/25 fiscal year. With a robust cash balance of £65.8 million, the company is well-equipped to invest in its business, authors, employees, and organic growth initiatives.

Having completed 33 acquisitions since its inception, Bloomsbury remains actively engaged in seeking further opportunities, particularly in the realm of academic publishing. Newton attributes the company's success to the exceptional talent of its authors, the dedication of its global workforce, and its unique blend of literary and scholarly publishing.

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Nevada Lithium CEO Stephen Rentschler joined Steve Darling from Proactive to announce the groundbreaking discovery of high-grade boron mineralization at the company's wholly-owned Bonnie Claire lithium project in Nevada. Additionally, the company has initiated comprehensive work to assess any potential impacts on metallurgy for the project.

According to Rentschler, metallurgical studies on the recently unearthed high-grade lithium mineralization in the lower mineralized zone have revealed the presence of significant levels of boron. Boron, recognized as a valuable industrial mineral with diverse applications including computer screens, fertilizers, ceramics, and more, signifies a substantial asset for Nevada Lithium.

The remarkable correlation between high levels of boron and lithium at Bonnie Claire suggests lateral extension and openness in three directions, aligning with the high-grade lithium lower mineralized zone. This discovery opens avenues for the potential generation of a significant secondary revenue stream from the Bonnie Claire project.

Given the promising parallels between Bonnie Claire's high-grade lithium zone and Ioneer's advanced Rhyolite Ridge lithium/boron project, situated approximately 110 kilometers away, Nevada Lithium is taking proactive steps to thoroughly assess the inclusion of boron in a recovery circuit at Bonnie Claire. This strategic move underscores the company's commitment to leveraging emerging opportunities and maximizing the project's potential.

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Great Southern Copper (LSE: GSC) managing director, Sam Garrett, joins Proactive’s Jonathan Jackson to discuss the company’s trajectory and future. The company, listed on the London Stock Exchange since December 2021, focuses on copper exploration in Chile, with major projects including the Especularita Projectand San Lorenzo Project. Recently, they expanded into a lithium brine project in the Salar de Atacama.

Garrett paid tribute to the company’s experienced team, including the company’s technical advisor and on-site manager who have extensive experience in South America. The company’s team boasts over 140 years of combined exploration and discovery expertise.

In the next six to 18 months, Great Southern Copper plans to drill at multiple prospects within the Especularita project, including Aurelia, Victoria, and Teresita, aiming to enhance their pipeline of drilling prospects. They also anticipate drilling new targets acquired recently.

Garrett emphasised Chile’s significance due to its vast copper and lithium reserves and robust mining infrastructure. He expressed optimism about the cyclical nature of lithium and the strategic advantages of their location.

Overall, Great Southern Copper’s ambitious drilling plans and strategic positioning in Chile’s resource-rich landscape present significant opportunities.

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Kaiser Reef Ltd (ASX: KAU) managing director Jonathan Downes joins Jonathan Jackson to discuss an investment agreement with Ragnar Metals Ltd (ASX: RAG). Ragnar has agreed to purchase Kaiser shares at $0.15 per share and will gain board representation, with Ragnar chairman Steve Formica appointed non-executive chairman of Kaiser. The investment follows Ragnar's due diligence focused on Kaiser’s A1 Nova Gold Project, which aims to increase high-grade gold production from the A1 Mine.

Kaiser has released an updated presentation on the engineering, planning and geological assessment of the A1 mine, highlighting a significant shift from 40 years of remnant gold mining. The company has invested approximately $24 million in the Nova Gold Project, upgrading power, fleet and ventilation. The capital from Ragnar's $5.01 million placement will support the final stages of this development and establish a dedicated project team.

The strategic investment terms include two tranches, with a total of 33.4 million shares and 16.7 million options issued, subject to shareholder approval. Ragnar will also receive a 1.5% NSR on gold produced from the A1 Mine for five years starting July 1, 2025, and retain a board nominee right if it holds at least 10% of Kaiser shares.

Downes expressed his enthusiasm for the collaboration and the potential increase in gold production, highlighting the project's long-term planning and high-grade gold potential.

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Sarytogan Graphite Ltd (ASX:SGA) managing director Sean Gregory is back in the Proactive studio with Jonathan Jackson to discuss the expansion of its strategic plan for the Sarytogan Graphite Deposit to include new target markets.

Testing on bulk flotation concentrate indicated that the material, with a carbon purity of 80% to 85%, is suitable for industrial and military applications without further purification. While part of this concentrate will be refined for advanced uses such as battery manufacturing and nuclear applications, the remainder can be used as a dry lubricant or lubricant pigment in traditional industrial and military settings.

Gregory emphasised the importance of maximising economic returns by penetrating multiple markets.

The company aims to deliver high-purity graphite to advanced industrial markets after customer qualification. New results indicate that the precursor Sarytogan Micro-Crystalline 80-85% C graphite product is suitable for traditional industrial applications, ensuring a steady demand base for the project.

SGA plans to produce three types of products from its namesake deposit, which has a mineral resource estimate of 229 million tonnes at 28.9% total graphite carbon, equating to 66 million tonnes of contained graphite. These products will target various markets at different refinement stages.

The company has also tested lithium-ion batteries made from Sarytogan Uncoated Spherical Purified Graphite (USPG) anodes, showing exceptional performance. Coin-cell batteries with Sarytogan Coated Spherical Purified Graphite (CSPG) anodes have been manufactured, with results pending incorporation into a pre-feasibility study expected in the third quarter.

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Cyprium Metals Ltd (ASX:CYM) executive chair Matt Fifield joins Proactive’s Jonathan Jackson after the company completed and published the Nifty Surface Mine Scoping Study, confirming the economic viability of a large surface mine.

The study highlights that the optimal pit is estimated to contain 70 million tonnes of sulphide ore at 0.9% copper, leading to an expected recovery of 570,000 tonnes of copper through a concentrator over the mine's life. The proposed truck-shovel surface mine is expected to generate approximately 4.5 million tonnes of ore feed per year, with anticipated average annual production of 36,000 tonnes of contained copper-in-concentrate through an expanded plant.

The projected capital expenditure is A$175 million, covering plant refurbishment, expansion and ancillary site capital, excluding the cost of the mobile fleet. The preliminary design ensures that 89% of life-of-mine waste disposal requirements can be met within currently permitted disturbance areas. The study reports a Net Present Value (NPV8%) of $880 million and an Internal Rate of Return (IRR) of 46% at a copper price of A$13,000 per tonne. The board has approved advancing the project to a pre-feasibility study.

Fifield stated that this study consolidated months of work and outlined a high-level plan for accessing the large sulphide resource at Nifty. The plan includes a truck-shovel surface mine and moderate investment in the brownfield processing plant, aiming to nearly double its throughput. This surface mine project is designed to be standalone, separate from the copper cathode project, which is also progressing towards a restart.

#ProactiveInvestors #CypriumMetals #ASX #Mining #Copper #NiftyMine #CopperProduction #SurfaceMine #ScopingStudy #EconomicViability #MineralResources #Investment #CapitalExpenditure #PlantExpansion #NPV #IRR #TruckShovelMining #SulphideOre #CopperConcentrate #MiningIndustry #AustraliaMining #CopperMarket #PreFeasibilityStudy

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Cyprium Metals Ltd (ASX:CYM) executive chair Matt Fifield joins Proactive’s Jonathan Jackson after the company completed and published the Nifty Surface Mine Scoping Study, confirming the economic viability of a large surface mine.

The study highlights that the optimal pit is estimated to contain 70 million tonnes of sulphide ore at 0.9% copper, leading to an expected recovery of 570,000 tonnes of copper through a concentrator over the mine's life. The proposed truck-shovel surface mine is expected to generate approximately 4.5 million tonnes of ore feed per year, with anticipated average annual production of 36,000 tonnes of contained copper-in-concentrate through an expanded plant.

The projected capital expenditure is A$175 million, covering plant refurbishment, expansion and ancillary site capital, excluding the cost of the mobile fleet. The preliminary design ensures that 89% of life-of-mine waste disposal requirements can be met within currently permitted disturbance areas. The study reports a Net Present Value (NPV8%) of $880 million and an Internal Rate of Return (IRR) of 46% at a copper price of A$13,000 per tonne. The board has approved advancing the project to a pre-feasibility study.

Fifield stated that this study consolidated months of work and outlined a high-level plan for accessing the large sulphide resource at Nifty. The plan includes a truck-shovel surface mine and moderate investment in the brownfield processing plant, aiming to nearly double its throughput. This surface mine project is designed to be standalone, separate from the copper cathode project, which is also progressing towards a restart.

#ProactiveInvestors #CypriumMetals #ASX #Mining #Copper #NiftyMine #CopperProduction #SurfaceMine #ScopingStudy #EconomicViability #MineralResources #Investment #CapitalExpenditure #PlantExpansion #NPV #IRR #TruckShovelMining #SulphideOre #CopperConcentrate #MiningIndustry #AustraliaMining #CopperMarket #PreFeasibilityStudy

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Venture Minerals Limited (ASX:VMS, OTC:VTMLF) managing director Philippa Leggat sits down with Proactive’s Jonathan Jackson to discuss the company’s highest-grade intersection to date from the clay-hosted Jupiter Rare Earths Project in Western Australia.

The latest drilling results revealed an 80-metre intersection at 1,839 parts per million (ppm) total rare earth oxides (TREO) from a depth of just 8 metres. Multiple drill holes showed consistent high-grade zones, with grades exceeding 2,000 ppm TREO over 20-30 metre widths. These results include six of the 13 best intersections recorded at Jupiter.

The magnet rare earth oxide (MREO) content averages about 23% in samples with more than 1,000 ppm TREO, while levels of thorium and uranium remain low, enhancing the project's potential value. Leggat expressed enthusiasm over the continued success of the drilling program, emphasising the importance of thorough and representative sampling led by the company’s experienced geological team, including Dr Stuart Owen and Dr Natalee Bonnici.

The drilling program, targeting a 40-square-kilometre area, has refined drill spacing to 500 metres by 250 metres, with results from the first 59 of 246 aircore holes. Key results include significant intersections ranging from 37 metres at 2,050 ppm to 80 metres at 1,839 ppm TREO, with notable high-grade sub-intersections.

A further 187 assay results are pending, which will inform the next drilling phase at Jupiter and the broader Brothers Project.

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Elevate Uranium CEO Murrey Hill joined Steve Darling from Proactive to share exciting updates about the exploration company's focus on uranium and its strategic expansion plans.

Elevate Uranium is actively involved in significant drilling operations in Namibia, utilizing five rigs to conduct approximately 125 holes per week. Each drilling operation, with a cost of around $1,000 per hole, contributes to the company's resource base. With four discoveries made in four years, Elevate Uranium is committed to expanding these resources further. The company plans to increase its workforce in Namibia and Perth to support its growing operations.

Hill emphasized the increasing global acceptance of nuclear power as a carbon-free and reliable energy source, driving the demand for uranium. With rising prices and growing demand, Elevate Uranium is optimistic about the future of uranium.

One of the company's key projects, Koppies, boasts a resource estimate of 58 million pounds. Elevate Uranium is focused on enhancing the resource classification from inferred to indicated and conducting metallurgical tests to optimize the extraction process, aiming to reduce both capital and operational expenditures by 50%. Future plans include establishing a pilot plant to validate their upgrade process.

Recognizing the importance of the US market, where 25% of the world's reactors are located, Elevate Uranium sees significant investment potential from the US, supported by a knowledgeable investment community. With its strategic focus on uranium exploration and expansion, Elevate Uranium is well-positioned to capitalize on the growing demand for nuclear energy worldwide.

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