Proactive - Interviews for investors

Baron Oil PLC CEO Andy Butler takes Proactive's Stephen Gunnion through progress at the company's TL-SO-19-16 Production Sharing Contract (Chuditch PSC) off the coast of Timor-Leste after subsidiary SundaGas commenced operations for a survey at the planned drilling location for the Chuditch-2 appraisal well.

Butler said the old gas field has been reevaluated using advanced seismic technology, revealing significantly larger gas resources than previously estimated. The company is preparing to drill an appraisal well to confirm these findings and perform a production flow test (DST) to demonstrate commercial viability.

Baron Oil has funded its exploration through support from shareholders in London, including a recent fundraising event in February, and is actively seeking additional funding partners.

While the company has also applied for a license in the 33rd licencing round in offshore UK, Butler said its primary focus remains on Southeast Asia. The company has reported positive government support from Timor-Leste, with the government increasing its stake in the project.

Immediate plans include conducting a site survey for the well location and engaging with drilling contractors.

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AuAg Funds founder and CEO Eric Strand discusses the current dynamics of the gold market, highlighting the metal's swift rise in value, exceeding expectations by reaching over $2,300, and maintaining a strong outlook for the year, with predictions of hitting around $2,475 to $2,500.

In an interview with Proactive's Stephen Gunnion, Strand said this surge is attributed to a combination of factors, including the US interest rates and inflation landscape, backdoor quantitative easing by the Federal Reserve leading to an increased monetary base, and geopolitical tensions. Central banks worldwide, notably China, have been significant buyers of gold, contributing to its price elevation.

Strand emphasized gold's historical safe-haven status, further reinforced by recent geopolitical developments and central banks' desire to increase their gold reserves as a hedge against potential future crises. Additionally, he noted the potential negative short-term impact of large retail positions in the US Commodity Exchange but maintained an overall positive outlook for gold's future pricing.

Strand also pointed out that gold miners, which were undervalued, have begun to see significant returns, attributing this to stabilized costs and rising gold prices benefiting miners' profit margins.

The discussion also covered uranium mining, highlighting it as a growing sector due to its role in green energy and the construction of new nuclear reactors. However, Strand cautioned about the binary risk associated with accidents in the uranium market.

#AuAgFunds #EricStrand #GoldMarket #UraniumMining #InvestmentInsights #GoldPricePrediction #MonetaryPolicy #GeopoliticalTensions #SafeHavenAsset #CommodityInvesting #ProactiveInvestors ##invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to shared its unaudited production figures for Hive Digital Technologies for March 2024, along with updates on the company's Bitcoin holdings and mining operations.

Holmes revealed that Hive Digital Technologies had approximately $160 million worth of Bitcoin on its balance sheet at the end of March 2024. The company increased its Bitcoin holdings by 10% during the month, with a HODL position of 2,287 Bitcoin on the balance sheet.

In terms of mining capacity, Hive maintained over 4.5 Exahash ("EH/s") of Bitcoin mining capacity, on average, throughout March 2024. The company successfully mined 224 Bitcoin during the month using its state-of-the-art ASIC and GPU mining operations.

Holmes highlighted that this achievement translates to an average of 49.7 Bitcoin per Exahash, showcasing the company's operational efficiency. The average hashrate remained consistent at 4.5 EH/s throughout the month, with an 11% increase in the monthly average hashrate compared to previous periods. On a daily basis, Hive averaged a production of 7.2 BTC per day, further demonstrating its robust mining capabilities.

Additionally, Holmes emphasized that Hive Digital Technologies continues to lead the blockchain technology sector, focusing on enhancing mining efficiency and expanding its green energy-powered data center facilities across Canada, Sweden, and Iceland. With a strong emphasis on financial stability, growth, and innovation, Hive aims to navigate the volatile crypto market dynamics while ensuring balanced growth and value for its stakeholders.

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FendX Technologies CEO Carolyn Myers joined Steve Darling from Proactive to share updates about FendX Technologies, a company pioneering the development of nanotechnology-based products designed to protect high-touch surfaces from contamination.

Myers explained that FendX's innovations, licensed from McMaster University nearly four years ago, are focused on creating surfaces to which bacteria, viruses, and organic substances do not adhere, boasting efficacy rates of 95% or higher. These products include a film with an adhesive backing for easy application and a spray offering broader application, both providing 24-hour protection against contaminants.

The company is targeting the healthcare sector, particularly hospitals and long-term care facilities, as well as high-traffic areas such as transportation hubs, schools, and malls. The goal is to mitigate the transmission of potentially lethal pathogens in these environments.

Following a recent private placement, FendX is gearing up for the commercialization of its REPELWRAP Film and advancing the spray to be commercialized in 2025. Ongoing developments in the product lineup are also underway to further combat surface contamination.

Overall, FendX Technologies is focused on leveraging nanotechnology to create innovative solutions for surface protection, aiming to contribute to public health and safety in various sectors.

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Western Metallica Resources Vice President of Exploration Giovanni Funaioli joined Steve Darling from Proactive to shared updates regarding the company's exploration activities at the Luz Maria and Cana Brava 1 targets.

Funaioli revealed that Western Metallica Resources is currently conducting geophysical and field mapping activities at these projects, building upon previous work that identified strong magnetic anomalies coincident with large alteration footprints characteristic of Andean copper-molybdenum porphyry systems.

The company plans to complete approximately 16-line kilometers of pole-dipole Induced Polarization (IP) geophysical surveys in the near term. These surveys aim to identify areas of sulphide-rich mineralization and potential blind intrusions beneath altered Cretaceous sedimentary rocks and recent colluvium.

Funaioli emphasized that the acquisition of geophysical data is supported by an in-house geophysicist with extensive experience in exploring for porphyry and intrusion-related systems in the Andes region. This geophysicist is responsible for daily quality control of the data, as well as processing and modeling.

Simultaneously, Western Metallica Resources is conducting systematic portable-XRF soil data acquisition to vectorize the distribution of copper (Cu) and molybdenum (Mo) at the surface. This is complemented by pole-dipole IP geophysical data acquisition to identify sulphide-rich and/or resistivity anomalies, indicating potential mineralized bodies beneath sedimentary and recent colluvial covers.

The ongoing field programs aim to extend mapping and sampling beyond the main creeks where mineralized intrusive outcrops have been found to date. This is intended to confirm the presence of significant and continuous copper-molybdenum porphyry mineralization with a higher level of geological confidence and across a broader alteration footprint.

Western Metallica Resources believes that integrating this large dataset will provide a comprehensive understanding of the prospects' potential, supporting the next phase of scout drilling expected to commence by Q3-2024.

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Kincora Copper Ltd (TSX-V:KCC, ASX:KCC, OTC:BZDLF) CEO Sam Spring tells Proactive's Stephen Gunnion the company looking for partners for its portfolio of assets in the central west of New South Wales, Australia, a region noted for significant copper deposits.

Kincora, a copper porphyry explorer and project generator, holds a strategic position in the Macquarie Arc, featuring both early-stage prospects and advanced projects like Fairholme and Trundle, located within a globally significant mineral system with existing infrastructure.

The region has witnessed substantial mergers and acquisitions activity, including Newmont's acquisition of Newcrest and Metals Acquisition Ltd's purchase of the CSA copper mine from Glencore, indicating a high level of corporate interest and investment.

In December, Kincora secured 100% interest in the New South Wales projects, aiming to attract asset-level partners to fund extensive exploration without diluting shareholder value at the company level. With $1.7 million in cash, Kincora seeks to engage majors or mid-tier companies for this purpose, following successful models of asset-level investment that have generated shareholder value in the region.

Regarding its Mongolian assets, Kincora is exploring divestiture options to refocus capital and efforts on its Australian projects, which are the company's core focus. Recent drilling results from the Trundle project and adjacent mineralized systems have been encouraging, with preparations underway for further exploration phases.

Investors should watch for milestones including drilling by AI partner Earth AI at the Cundumbul project, advanced negotiations with asset-level partners, and the exploration of additional opportunities.

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European Green Transition (LON: EGT) CEO Aiden Lavelle and CFO Jack Kelly joined Proactive's Stephen Gunnion as the company started trading on the London Stock Exchange after raising over £6.45 million, surpassing its initial target.

The funds are seen as a strong market endorsement of EGT's business model aimed at developing a green economy asset portfolio across Europe. This portfolio includes projects from metals refining and recycling to potential solar and wind assets, with a focus on acquiring distressed assets to complement their 100% owned projects. A key asset is the Olserum rare earth deposit in Sweden.

Lavelle, a chartered geologist with 16 years of industry experience, particularly in Sweden, highlighted the significance of rare earth elements in the green transition, noting their crucial role in high-efficiency motors, electric vehicle motors, and wind turbines. The market for these elements is expected to double over the next decade. The Olserum asset, with an initial focus on a historic resource of 7.8 million tonnes at 8.6% rare earth dioxide, is part of this strategic positioning.

Kelly outlined the company's M&A model focused on acquiring distressed and undervalued green economy assets in Europe, de-risking them, and then selling them with a structure that includes upfront cash and future royalty interests. The company has identified post-IPO M&A opportunities across critical minerals, wind, and solar projects, along with rehabilitation and processing projects.

EGT is currently exploring a range of these opportunities, including a mine and processing facility currently in administration and a potential rehabilitation project in Western Europe.

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#ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

The FTSE 100 opened slightly lower on Monday, continuing from the sharp falls experienced on Friday.

Mining groups like Fresnillo, Rio Tinto and Anglo American are building on last week’s strong gains, leading the risers today on indications of higher demand for iron ores.

In the retail industry, new research found that insolvencies have risen by a fifth in the last year, with most of the troubles for businesses having stemmed from high interest rates.

It means retail giants such as Sainsbury’s, Marks & Spencer and B&M all lead the blue-chip fallers on Monday.

Also falling was London Stock Exchange Group after it was found shareholders may revolt against plans to double its chief executive’s pay.

In small caps, vet group CVS revealed it suffered a cyber-attack across a number of its IT systems, affecting emails, phone lines and online forms.

#ProactiveInvestors #marketreport #ftse #ftse100 #footsie #riotinto #fresnillo #angloamerican #sainsburys #m&s #marks&spencer #B&W #cvs #londonstockexchangegroup #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Elixir Energy Ltd (ASX:EXR) managing director Neil Young joins Proactive’s Jonathan Jackson to discuss a significant gas find at its 100%-owned Grandis project in Queensland, potentially marking the deepest unstimulated gas flow in onshore Australia, east of the Perth Basin. Young shares insights on the discovery and its implications for the Australian gas industry.

Situated adjacent to the Wallumbilla gas hub, the Grandis project's Lorelle Sandstone at the Daydream-2 well exhibited an impressive initial flow test, achieving a stabilised rate of 1.3 million standard cubic feet per day, peaking at 2.3 million without stimulation. This achievement is not just a one-off event but a significant indicator of the Taroom Trough's unconventional resource potential.

Young expressed enthusiasm about the results, stating that the Lorelle Sandstone is poised to substantially enhance the project's output and economic prospects.

He talks us through the stimulation phase to come and hints that this could be the beginning of a new, strategically located gas play in Queensland, which could be crucial in addressing the looming domestic gas shortage.

#ProactiveInvestors #ElixirEnergy #ASX #TaroomTrough #Gas #GrandisGasProject

#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Evion Group NL (ASX:EVG) finance director David Round talks to Proactive about the commencement of expandable graphite production in India. Round shares insights into commissioning, the operational ramp-up, strategic plans for the expandable graphite plant and the anticipated growth trajectory in the near to medium term.

The company plans to become a leading supplier of expandable graphite material to the existing and the growing expandable graphite market.

Round also delves into the company's feed supply and offtake arrangements, ensuring stability and market presence. Addressing global market trends, Round evaluates the implications of China's graphite export regulations and their potential impact on Evion's market positioning and opportunities.

#ProactiveInvestors #EvionGroup #ASX #Graphite #BatteryMetals

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