Proactive - Interviews for investors

Premier1 Lithium Ltd (ASX:PLC) CEO Richard Taylor joins Jonathan Jackson in the Proactive studio to share results from the company's initial drilling at Abbotts North. The program confirmed the presence of pegmatites at greater depths, enriching the understanding of the lithium-caesium-tantalum (LCT) system within the project area.

Taylor emphasised that while this exploration was in its early stages, the geological narrative of Abbotts North was becoming clearer with each step. He noted that the analysis of reverse circulation samples will be pivotal in determining future drilling sites and assessing the region's lithium potential.

Premier1 Lithium is set to conduct further mapping and sampling at Buttamiah and across its broader tenement to establish precise drill targets, alongside preparing for necessary heritage clearance surveys. The company is well-funded for the next stage of drilling at Abbotts North, with plenty of newsflow to come over the coming months.

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Abitibi Metals Corp CEO Jonathon Deluce joined Steve Darling from Proactive share insights into the progress of the company's maiden drill program currently underway at the B26 Deposit.

Deluce revealed that the company is in the process of completing its winter drill program, with a targeted minimum of 10,000 meters to be achieved by the end of March. This initial phase represents part of a fully funded 30,000-meter field season planned for 2024.

As of the update, Abitibi Metals Corp has completed 7,074 meters across 22 drill holes. This includes drilling activities focused on the Satellite West Zone, where the company is targeting a potential extension to the B26 Main Deposit. Notably, Deluce highlighted the exceptional observations of continuity of visual copper mineralization encountered during drilling activities. Of particular significance was an infill hole in the B26 main target, showing about 10 to 15% calc over 11 meters, starting at 40 meters depth, indicating near-surface mineralisation supportive of open pit bulk tonnage potential. Another hole, an extension 500 meters west of the B26 deposit, revealed a VMSS sink target near surface with a copper-rich zone at roughly 120 meters depth, potentially indicating a new zone or extension of the main deposit.

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CopperEx Resources Dave Prins joined Steve Darling from Proactive to unveil the outcomes of the surface trenching program conducted on the Sorpresa Trend within the Franja del Oro gold target, situated within the Exploradora Norte Project in Northern Chile.

Prins informed Proactive that CopperEx's trenching initiative successfully delineated gold and arsenic anomalism spanning an impressive 4.9 kilometers along the Sorpresa Trend. This trend is an integral component of the broader Franja del Oro gold target pursued by the company. Notably, the gold mineralization observed in the Sorpresa Trend is oxidized and readily visible at the surface, with no previous drilling conducted in the area.

The results of the trenching effort have revealed the presence of multiple north-south trending parallel zones of gold mineralization within the Franja del Oro target, indicating significant potential at depth that has yet to be adequately explored. Consequently, CopperEx plans to initiate an upcoming drill campaign focused specifically on the Franja del Oro gold target, with a particular emphasis on testing the Sorpresa Trend.

CopperEx has planned a drilling campaign following the closure of the RTO and the commencement of trading on February 14th, with support from the Discovery Group. This partnership has enabled funding for a 1,250-meter assay program focusing on the two previously mentioned targets. Results are anticipated by mid-year, with sufficient funds to continue operations into the next year.The backing of the Discovery Group, along with the expertise of notable figures like Dr. Robert Quartermaine, provides CopperEx with significant credibility, market accessibility, and financial support. This partnership marks a critical step for CopperEx, as it embarks on drilling activities and further development of its projects.

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AFC Energy PLC (AIM:AFC, OTC:AFGYF) CEO Adam Bond tells Proactive's Stephen Gunnion the company has reached a significant milestone with the factory acceptance test of its 30kW H-power generator, marking a step forward in its collaboration with Speedy Hire.

This achievement follows the deployment of its first generation 10kW generators from 2020 to 2023, from which the company gained valuable insights and made improvements. The demand for a larger, 30kW generator led to the partnership with Speedy Hire, culminating in the development and successful operation of the new generator, which meets all contractual requirements for performance and operation.

Bond said the milestone not only validates the technology but also initiates the sale of generators into the Speedy Hydrogen Solutions joint venture, with the first generator sold and minimum orders contracted through to 2025 and 2026 to maintain exclusivity in the UK and Ireland.

The joint venture has already sparked significant interest, especially from tier one contractors in the UK, driven by regulatory changes and major projects that prohibit the use of diesel generators. AFC Energy is responding to this demand by exploring manufacturing scale-up options, including contract manufacturing in Germany. The company looks forward to deploying its generators at Speedy Hire's live exhibition, where around 500 contractors will view the technologies offered by Speedy Hire.

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Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) CEO Eytan Uliel joins Proactive's Stephen Gunnion with news that the company has formalised a second offshore licence agreement in Uruguay, following a farm-out deal with Chevron for its first licence —AREA OFF-1 — signalling rapid advancements in the region.

Uliel said the latest development is a part of the junior explorer's plan and execution over the last 12-18 months, showcasing its strategic growth and commitment to its objectives in Uruguay.

The deal with Chevron for OFF-1 involves Challenger Energy retaining a 40% interest in the licence, with Chevron taking a 60% stake and assuming operatorship. This partnership is significant as it represents a new country entry for Chevron and endorses the technical and prospective value of the block as identified by Challenger Energy.

Financially, the agreement includes an upfront payment of $12.5 million to Challenger Energy and provisions for Chevron to cover the costs of an accelerated 3D seismic campaign and partially fund exploration drilling, if it proceeds.

Challenger Energy views Uruguay as a frontier exploration hotspot, paralleled by the recent significant oil and gas discoveries off the coast of Namibia. The geological similarities between Uruguay and Namibia have spurred industry interest, transforming Uruguay into a sought-after location for offshore exploration. This interest is evidenced by the licensing of all other offshore blocks in Uruguay to major industry players such as Shell, Apache, and YPF.

Looking ahead, Challenger Energy aims to replicate the successful farm-out strategy employed with Chevron for its second offshore licence, AREA OFF-3. The company plans to accelerate technical assessments and engage potential partners, leveraging existing seismic data to attract interest and investment in its projects. The ambition is to see initial exploration drilling in the coming two to three years, further advancing Uruguay's offshore potential.

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atai Life Sciences chief scientific officer Dr Srinivas Rao discusses the company's development candidate VLS-01, aimed at treating treatment-resistant depression, with Proactive's Stephen Gunnion.

Rao explained that VLS-01 is a formulation of DMT, the active component in ayahuasca, known for its short-duration psychedelic effects. The innovation lies in its delivery method, an oral transmucosal film, resembling a Listerine strip, which dissolves inside the mouth over 20 minutes, providing a patient-friendly alternative to intravenous administration. Rao said this approach is designed to enhance the patient and healthcare provider experience, especially in settings not equipped for IV treatments.

The ongoing Phase 1B trial seeks to confirm VLS-01's safety, tolerability, pharmacokinetics (PK), and pharmacodynamics, aiming for a psychoactive effect lasting 30-45 minutes with patients returning to baseline within two hours post-administration. Rao said this trial format follows the US treatment paradigm established by Spravato (esketamine) for depression. The trial will involve 16 healthy volunteers to assess the drug's impact, setting a baseline with intravenous DMT before testing up to three oral doses of VLSI-01.

Initial results are expected in the second half of the year, with plans to proceed to Phase 2 trials involving patients with treatment-resistant depression to evaluate the compound's efficacy further.

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Light Science Technologies Holdings PLC (AIM:LST) CEO Simon Deacon joins Proactive's Stephen Gunnion with more on the two recent appointees to the company's board, Dr Graham Cooley and Richard Mills.

Highlighting their substantial experience and potential contributions to the company, Deacon noted that Cooley brings over 35 years of experience, notably for pioneering hydrogen technology, aligning well with LSTH's focus on energy efficiency in agriculture. His role aims at navigating financial landscapes and chairing the board. Mills, with a background in agricultural infrastructure, is expected to leverage his global contacts and market entry strategies, enhancing LSTH's international reach and technology application in controlled environment agriculture (CEA).

Acknowledging the contributions of the outgoing chairman Myles Halley and board member Robert Naylor, Deacon emphasized the strengthened board's role in driving the company's next growth phase.

LSTH operates across three divisions: passive fire protection, contract electronics manufacturing, and CEA, each showing promising growth and market potential. The company boasts a significant forward order book, especially in passive fire protection, buoyed by new regulatory demands and government funding. The manufacturing division is expanding its market presence, including into sports hospitality, with a forward order book extending into 2025. The CEA division, pivotal for future growth, focuses on food security and sustainable agriculture, aiming to provide turnkey solutions and technology for indoor farming globally.

With over £80 billion in market opportunities, Deacon said LSHT is poised for a strong performance in 2024, driven by revenue growth, margin improvement, and new product development across its diversified divisions.

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Capella Metals Ltd managing director Cain Fogarty joined Proactive's Stephen Gunnion with more details about the company's pending listing on the Australian Securities Exchange focused on exploration in the Mount Isa region of Australia.

Fogarty said Capella Metals aims to raise between $4.5 and $7 million from the listing, which will be targeted at exploring its large-scale discovery targets, including high-grade copper-gold deposits and uranium exploration assets. Exploration assets include Surprise, an existing mine with historical copper finds requiring modern drilling and assay for gold.

Capella Metals boasts one of the largest land holdings in the Mount Isa region, neighboured by Glencore's Mount Isa operations and Paladin's Valhalla uranium project. The two key discovery targets are Conglomerate Creek and Carlton Hills, with drilling and geophysical programmes planned for these areas. It aims to begin drilling at Surprise immediately post-listing, with major activities spaced throughout the year.

The company anticipates a supply deficit for both copper and uranium, expecting investor interest in these commodities to reward shareholders. The prospectus for the listing is scheduled to launch by the end of the week, with the offer expected to open in approximately two weeks, followed by a sequence of milestones aiming to distinguish Capella Metals from other explorers in the region.

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The FTSE 100 fell at the start of the week, adding to losses seen over the course of last week, while safe-haven assets continued upward.

Bitcoin climbed above US$70,000 for the first time ever this morning, as demand continues to soar for the crypto, while gold also approached high, hitting US$2,182 per ounce earlier on.

Among other headlines, KPMG and REC UK reported overall demand for workers declined at the fastest pace since early 2021 last month, as wage increases also slowed.

Currys slumped as the market opened after US suitor Elliott Advisors ruled out making an offer to buy the electronics retailer.

And finally, Coro Energy climbed early on after announcing it had submitted an application to build a second wind farm in the Philippines.

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Accelerate Resources Ltd CEO Luke Meter joins Proactive’s Jonathan Jackson as the company takes another step closer to drilling at Prinsep Lithium Project in the Pilbara region of WA. Accelerate recently signed a key Native Title and Heritage Exploration Agreement with the Ngarluma Aboriginal Corporation. Following this agreement, a heritage survey is set to be conducted, paving the way for an inaugural drilling program.

This project is notably positioned 15 kilometres south of Karratha, a key regional hub, and is 35 kilometres west of the Andover Lithium discovery by Azure Minerals. The Prinsep Lithium Project stands out as an advanced, drill-ready venture that showcases the collaborative efforts between Accelerate Resources and the Ngarluma Aboriginal Corporation to ensure respectful and mindful progression in exploration activities within the region.

Meter outlines when investors can expect drilling to start, as well as a soil sampling program over the broader Karratha area.

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