Proactive - Interviews for investors

Cyclone Metals Ltd (ASX:CLE) CEO Paul Berend speaks with Proactive soon after welcoming 'world-class’ results from the first phase of metallurgical test work conducted on its flagship Block 103/Iron Bear Magnetite Iron Ore Project in Canada. The DR magnetite concentrate produced during the test work is set to be Cyclone’s premium magnetite ultra-low silica product, used as a feed for high-value DR pellets. The estimated market price for this DR magnetite concentrate is US$167 per tonne CFR China, representing a premium of US$30 a tonne above the 62% iron benchmark.

#ProactiveInvestors #CycloneMetals #ASX #Magnetite

Syntara Ltd (ASX:SNT, OTC:PMXSF) CEO Gary Phillips tells Proactive the company has dosed the first patient in a phase two clinical trial assessing its pan-LOX inhibitor SNT-5505 in combination with kinase inhibitor ruxolitinib in patients with bone marrow cancer myelofibrosis. The first phase of trials demonstrated an “excellent safety profile and encouraging signs of efficacy when used in patients who had failed on current standard of care.” The company expects to complete recruitment for this cohort of patients in the first half of 2024. Syntara recently showcased data from the first cohort of MF-101 where SNT-5505 was used for six months in patients as a monotherapy at the American Society of Hematology’s (ASH) annual meeting in San Diego.

#ProactiveInvestors #SyntaraLtd #ASX #BoneMarrowCancer #biotech

Brookside Energy Ltd (ASX:BRK, OTC:RDFEF) MD David Prentice tells Proactive the company is set for a productive 2024 as it heads towards commercialising the liquids-rich reserves within its SWISH AOI in the core of the southern SCOOP Play in the Anadarko Basin of Oklahoma. A number of key recent decisions by the company have laid the foundation for monetising the 11.9MMBOE of low-cost, high-margin reserves. These include undertaking a four-well drilling program starting next quarter to concurrently develop the prolific Sycamore and Woodford formations in the Flames DSU. Net production through this Flames-Maroons Development Program (FMDP), is forecast to grow to 2,500 BOEPD, with 78% of this being liquids.

#ProactiveInvestors #BrooksideEnergy #ASX #Energy #Oil&gas #AnadarkoBasin

Elixir Energy Ltd (ASX:EXR) MD Neil Young tells Proactive the logging program at Daydream-2 has recorded an interpreted 154 metres of net gas pay in the primary objective Permian sandstones. Gaseous coal zones were also logged totalling a cumulative 65 metres. Young says these thermally mature coals will be targeted for stimulation and flow testing in the New Year. The rig is expected to be released from location this weekend, with the well costs coming in under budget.

#ProactiveInvestors #ElixirEnergy #ASX #Gas #Energy

Kingfisher Mining Ltd (ASX:KFM) CEO James Farrell tells Proactive the company has defined several exciting carbonatite targets at the large-scale LK1 rare earth elements (REE) target in the highly prospective Gascoyne Province of Western Australia. The anomalies at LK1 were defined from a surface geochemistry survey, with a peak light rare earth oxides (LREO) value of 0.21%. These anomalies coincide with the new carbonatite pipe targets, identified during the recently completed ground gravity survey and airborne magnetics at the prospect.

#ProactiveInvestors #KingfisherMining #ASX #RareEarthElements #CriticalMinerals

Great Southern Copper PLC (LSE:GSCU) EO Sam Garrett tells Proactive the company has completed all necessary permitting procedures to begin its scout reverse circulation (RC) drilling programme at Especularita. The drilling will be focused on the Abundante mine prospect. GSCU has completed extensive preparations, including permitting, environmental studies, occupational health and safety (OHS) procedures, and community engagement to ensure the drilling programme can proceed smoothly and in compliance with regulatory standards.

#ProactiveInvestors #GreatSouthernCopper #LSE #Copper

Elixir Energy Ltd (ASX:EXR) MD Neil Young tells Proactive the company has received binding bids to raise $6.5 million via a placement to institutional and sophisticated investors. The funds will primarily used to expand its imminent Daydream-2 stimulation and testing program at the Grandis Gas Project in Queensland’s Taroom Trough. This will include pursuing new options arising from the recent free gas flow which was announced last week.

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

Leeuwin Metals Ltd (ASX:LM1) MD Chris Piggott tells Proactive that surface channel sampling in maiden fieldwork has returned high-grade assay results confirming a 4.7-kilometre mineralised trend at the Cross Lake Lithium Project in Manitoba, Canada. Thirty channel samples were collected and all sampling has returned evidence of a large LCT pegmatite system. In addition a high-grade rock chip sample returned 4.09% Li2O. Drill permitting is well advanced, with the tendering process for a drill rig currently underway.

#ProactiveInvestors #LeeuwinMetals #ASX #CriticalMinerals #Lithium

Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) Managing Director Nic Earner speaks to Thomas Warner from Proactive after the gold producer and explorer announced a revised indicated and inferred mineral resource estimate (MRE) for the Boda Deposit at its Northern Molong Porphyry Project (NMPP) in Central West New South Wales.

A revised indicated and inferred mineral resource estimate (MRE) for the Boda Deposit including Boda 2-3 now stands at 583 million tonnes at 0.58 g/t gold-equivalent (0.34 g/t gold and 0.18% copper) for 10.9 million gold equivalent ounces. This includes 6.38 million ounces of gold and 1.03 million tonnes of copper.

Earner highlights the key change from the original Boda resource: despite a slight reduction in tonnage, the metal grade has notably increased. He suggests that the shift is particularly beneficial as it implies mining lower tonnes for more metal, thereby increasing the potential profit margin.

Furthermore, Alkane is preparing to release updated Kaiser RC drilling results, potentially before Christmas, followed by a resource update in early 2023.

He goes on to say that the company is also advancing scoping studies, including metallurgical results and engineering work, which will culminate in detailed mine plans for Boda and Kaiser.

Alongside these developments, Alkane's Tomingley Goldmine continues to perform strongly, aligning with the company's guidance and contributing to a successful 2023. Work on project delivery are expected to extend the mine's life until 2032, staying within budget and schedule.

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

Good morning from London where the FTSE 100 is up at three month highs of around 7,700 points, lifted higher by a great wave of positive sentiment from the US. Markets around the world are interpreting yesterday’s comments from the Federal Reserve as a sign that US interest rates will fall faster than expected during 2024, thereby giving the global economy a nice big boost in the process.

And as you’d expect that is catnip for London’s miners, who will be the ones helping deliver the raw materials needed for that economic growth. The other top gainer on the FTSE 100 in percentage terms at least is Ocado, up nearly 10%.

It also looks like a positive morning for the UK’s defence sector – Minister Grant Shapps is in Tokyo signing an agreement with Italy and Japan to create a new fighter jet programme that will have its headquarters right here in London.

Turning to the Alternative Investment Market now and there are plenty of year-end round ups hitting the wires this morning after what has been a pretty rough 2023 for many. One glowing point of light recently has been those companies with exposure to uranium and there’s more of that today as well, Power Metal Resources’ share price is up by 22% on news that its completed a pre-float fundraise ahead of the listing of its assets in Canada.

I’ll be speaking to their CEO Sean Wade later this morning. That’s all for now though, have a great day

#ProactiveInvestors #FTSE100 #uranium #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews