Share Talk LTD

Mike Whitlow, Managing Director, said: “It has been a highly productive year for ECR, with significant progress made across our portfolio of gold and rare earths projects, and exploration activities are set to accelerate even further. We consider that we’re on the verge of identifying the key sources of gold at Lolworth, with a number of high-priority drill targets soon to be lined up for testing. 

This marks a pivotal step forward as we look to unlock the project’s full potential. At the Blue Mountain Project, we are eagerly anticipating the results from our enhanced gold recovery process which will be critical in guiding us towards the potential commercial options for gold extraction. 

In Victoria, our focus remains firmly on drilling. We’re set to commence drilling at the Tambo Project in the coming weeks and work is underway to further explore the highly prospective Antimony potential at Bailieston. With the recent surge in this critical mineral’s price, we believe that the Bailieston project’s Antimony potential may become increasingly significant.”

https://www.share-talk.com/ecr-minerals-plc-aimecr-up-to-75-6g-t-gold-rock-chip-identified-at-lolworth-queensland/

Zak Mir talks to Rupert Verco, CEO of Cobra Resources, as the mineral exploration and development company advancing a potentially world-class ionic Rare Earth Elements discovery at its Boland Project in South Australia announced the results from ongoing metallurgical studies. This included exceptionally high recoveries of up to 82% of high-value rare earths.

Key Points:

High Recovery Rates: Cobra Resources has achieved exceptionally high recoveries of rare earth elements, particularly magnet and heavy rare earths, with up to 82% recovery from samples containing 0.5% total rare earth oxides. These results are promising due to the low levels of impurities, leading to reduced processing costs.

Market Understanding and Challenges: Despite strong results, the market may not fully understand the significance of the REEs or may be impacted by broader market conditions. The company has faced challenges in raising capital, but maintains strong support from major shareholders, minimizing dilution.

Scalability and Environmental Impact: The project utilizes a unique geological setting favorable for "in-situ recovery" (ISR), a process involving injecting and extracting a solution to mobilize rare earths without moving ore, resulting in low environmental impact and cost. This method is well-established in uranium mining and considered scalable for REEs.

Market and Strategic Positioning: Demand for heavy rare earths remains high, with current reliance on supply from China and some emerging sources like Brazil. Cobra aims to produce rare earths responsibly and cost-competitively, contributing to the West's efforts to reduce dependence on China for critical minerals necessary for energy efficiency and decarbonization.

Future Plans and Commercial Options: Cobra is exploring options including joint ventures or sales while focusing on proving up their resource to ensure it is marketable and economically viable.

The discussion highlights Cobra Resources' strategic approach to rare earth production, leveraging unique geological advantages, scalable processes, and positioning in a market with growing demand for critical minerals.

https://www.share-talk.com/zak-mir-talks-to-rupert-verco-ceo-of-cobra-resources-achieved-exceptionally-high-recoveries-of-rare-earth-elements/

Zak Mir talks to Jonathan Owen, CEO of Metals One, after the recent announcement that the company which is advancing strategic minerals projects in Finland and Norway, said that the Company’s Råna Project partner and operator, Kingsrose Mining Limited, has entered into a service agreement with Arctic Drilling AS, for the commencement of helicopter supported core drilling at the Rånbogen prospect on the Råna Project in August 2024.

The program aims to prove two high-priority targets by September, with results expected in October.

The Rana Project, a former successful mining site, holds promising geological potential near the base of the intrusion.

Successful drilling could lead to extensive resource definition and potential development, moving from exploration to a more de-risked development phase. Kingsrose Mining has invested over $3 million and is approaching a majority shareholding in the joint venture, demonstrating a strong commitment to the project’s prospects.

Metals One benefits from a free carry on the project, relying on Kings Rose’s expertise and operational leadership.

·    Drilling is anticipated to complete in early September 2024, with assay results expected in October to November 2024

·    Drilling is focused on two targets identified last year through geophysics

·      Compelling targets comprise shallow, highly conductive electromagnetic (“EM”) anomalies immediately down dip from mineralised nickel-copper-cobalt massive sulphide at surface (*see Figure 2)

·    Completion of a minimum 700m drilling will satisfy the drilling milestones under Metals One (via Scandinavian Resource Holdings Pty Ltd’s) Transaction Implementation Agreement with Kingsrose and Global Energy Metals (*see Kingsrose’s ASX announcement dated 18 January 2023)

·    Arctic Drilling is a Norwegian owned and domiciled company based out of Finnmark County, Norway, bringing extensive experience of operating in arctic regions with local knowledge

“It’s great news that Kingsrose is ready to begin drilling again at the Råna Project. This strategic work programme is aimed at testing two compelling anomalies characterised by highly conductive EM responses down dip of nickel-copper-cobalt mineralised massive sulphide in outcrop, which were identified during last year’s core drilling and are located within a previously undrilled area.

We look forward to updating shareholders on the progress at the Råna Project as Kingsrose continues to build on the high-grade results from last year’s drilling to verify the largely underexplored Råna intrusion’s scale potential.”

Prospex Energy (AIM: PXEN), an investor in European gas and power projects, announced that Spanish regulatory authorities have granted a 10-year extension to the El Romeral 1, 2, and 3 natural gas production concessions, owned by Tarba Energia. Prospex holds a 49% interest in El Romeral through its investment in Tarba.

The royal decree, signed on July 24, 2024, permits the Spanish Ministry for Ecological Transition and the Demographic Challenge (MITECO) to extend the El Romeral natural gas concessions for 10 years, the maximum allowable term.

This extension ensures the supply of electricity to the Spanish grid from the El Romeral gas facility and power plant until at least July 2034, with a potential further extension to 2044.

El Romeral is currently operating at 30% capacity (2.7 MW) as Tarba awaits permits to drill five additional infill wells on the concessions to boost production. Moreover, an adjacent solar project named "Helios" is expected to add 5 MW, utilizing shared infrastructure with the gas facility.

Commenting on the development, Prospex's CEO Mark Routh said, "The official extension of the El Romeral production concessions for the maximum allowable term of ten years is a very welcome step by the Spanish regulatory authorities. It is also an important official acknowledgment by the Spanish state of the crucial role natural gas will continue to play in the nation's energy security and the ecological transition process."

European Green Transition PLC (AIM: EGT) CEO Aiden Lavelle and CFO Jack Kelly take Share Talk Zak Mir through the latest developments at the Limni copper project in Cyprus.

Lavelle announced promising results from the initial due diligence phase of the project. The company collected 68 samples, revealing acid-soluble copper concentrations ranging from 0.4% to 0.9%. This finding indicates that the mine waters are leaching copper from oxidized tailings and re-precipitating it during the dry season, confirming the potential for copper recovery.

Additionally, the company identified significant gold potential, with rock samples showing grades up to 1.5 grams per ton. Lavelle noted that this gold likely went unnoticed during the original mining operations in the 1960s and 70s.

These findings bolster the company’s confidence to proceed with further due diligence and low-cost sampling to validate the copper recovery model. Lavelle emphasized that Cyprus provides a cost-effective environment for advancing the project towards potential near-term revenue generation.

·    The first stage of diligence on the Cyprus Copper Tailings Recycling Project at the past-producing Limni copper mine has delivered encouraging results across 68 samples.

·    Acid soluble copper ranging from 0.41% to 0.92% found in crusts clearly demonstrates the presence of copper in water at surface.

·    Results also indicate potential upside for gold, with samples of up to 1.48 g/t Au recorded from waste near the edge of the pit.

·    EGT will now progress to the next stage of diligence as part of its option agreement (as announced on 29 April 2024) to develop a copper tailings recycling project through low-cost water treatment and tailings development, with subsequent potential for solar development.

“The first stage of diligence at the Limni site has yielded encouraging results, indicating the potential for recovering a meaningful amount of copper, in addition to newly identified gold potential at the site which offers further upside for the project. Dry sulphate crust samples returned grades of acid-soluble copper ranging from 0.41% Cu to 0.92% Cu and averaging 0.756% Cu. We were also pleased to find indications of gold in rock chip samples taken from the pit edge, with results up to 1.48 g/t providing additional upside value.

“As a next step, we will now progress to the next stage of diligence as part of our 12-month option agreement. This will include further rock sampling, water sampling, and analysis of the potential for solar development at the site.”

https://www.share-talk.com/european-green-transition-plc-aimegt-operational-update-from-ceo-aiden-lavelle-cfo-jack-kelly/

The helium exploration and development company focused on helium deposits within the ‘Montana Helium Fairway’, after the company announced the commencement of construction work on an access road and drill pad, at the Ingomar Dome project area in Montana.

The latest Oak Securities note on Helix Exploration: Oak Securities – Helix Exploration (HEX) – Rudyard Acquisition (FINAL)

·    Construction commenced of 0.75-mile access road and drill pad at Ingomar

·    Two well Q3 2024 drilling program: Clink #1 well at Ingomar and Darwin #1 well at Rudyard

·    Drilling of Clink #1 well to commence following completion of civils

·  Combined budget cost of the two well programmes are estimated at approximately $4.1m which demonstrates the potential for the Company to operate cost-effective exploration and development within the state of Montana

Construction on the access road and drill pad has commenced at the Clink #1 location within the Ingomar Dome Project.  The access road has been surveyed at 0.75 miles, allowing Civils work to be completed relatively quickly over a short development distance. 

Following completion of Civils the Company targets to commence drilling operations in early-August:

·    Mobilisation and rig-up is anticipated to take approx. 1 week

·    Drilling is anticipated to take approx. 3-4 weeks

·    Wireline and well completion is anticipated to take approx. 1 week

·    Flow testing and appraisal is anticipated to take approx. 4 weeks

The Company will keep investors updated as drilling progresses via RNS, potentially including updates on commencement of drilling, significant helium gas shows in drilling mud, wireline results, initial flow test results and full flow test results.

Quoted costs for drilling at Ingomar and Rudyard have come in below budget:

The quoted cost for drilling and appraising the Clink #1 well at Ingomar is approximately $2,130,000 including extended well test but excluding contingencies.  Significant savings were achieved using local suppliers from within the state of Montana, reducing mobilisation costs and standing-time charges.

The estimated cost for drilling and appraising the Darwin #1 well at Rudyard is approximately $1,980,000 including extended well test but excluding contingencies.  The cost of drilling at Rudyard is lower than Ingomar due to the shallower target depth at ~5,500ft at Rudyard compared to ~8,000ft at Ingomar.

The Company benefits from relatively low drilling costs in Montana compared with other jurisdictions as well as from savings made by the Company in vendor selection. Expected savings to be achieved will help maintain adequate funding for planned development activities after completing the two-well Q3 2024 drilling campaign. These activities may include project pipeline growth, detailed plant engineering and construction financing.

Helix Exploration is a helium exploration company focused on the exploration and development of helium deposits within the 'Montana Helium Fairway'. Founded by industry experts with extensive experience of helium systems in the US, the Company's assets comprise of 52 leases over the Ingomar Dome; a large closure of 16,512 acres with P50 unrisked prospective helium resource of 2.3Bcf and upside of 6.7 billion cubic feet. Historic drilling and/or testing has identified gas in all target reservoir horizons.

Helix Exploration will focus on a drilling campaign and early production at the Montana Ingomar Dome Project.  An aggressive development timeline will see a drilling campaign targeted for Q3 2024 and first helium production targeted for Q4 2025.  Helix is committed to open and transparent communication with investors and the wider market as the project progresses through development.

The Company's Admission Document, and other information required pursuant to AIM Rule 26, is available on the Company's website at https://www.helixexploration.com/.

Kavango Resources (LON: KAV), the Southern Africa-focused metals exploration company, announced the successful completion of drilling the first high-priority target at the Karakubis Copper Project in Botswana’s Kalahari Copper Belt. 

Field analysis of drill cores taken from this target confirms the presence of a copper-silver mineralising system at Karakubis, as well as further indicators of structural trap sites. KAV said it started drilling at Karakubis to confirm the presence of a copper-silver mineralising system. Results from its first target have surpassed its expectations.

This validates the geological model and confirms the potential to discover a large-scale copper/silver deposit.

Conclusion: Early stages of the drilling at Karakubis have helped to validate the exploration model and we look forward to detailed assay results from the early drilling and further results as the rest of the 5,000m programme continues.

“We started drilling at Karakubis to confirm the presence of a copper-silver mineralising system. Results from our first target have surpassed our expectations. The validate our geological model and confirm the potential to discover a large-scale copper/silver deposit.

Our original goal in the drill campaign was to prove the presence of a copper mineralising system and structural regional traps within Karakubis. We’ve met this objective within our first 500m. This speaks to our team’s meticulous preparations prior to drilling. I would like to thank everyone involved for all they have contributed.

The core from the two holes validates the interpretations we’ve applied to modelling the Kalahari Copper Belt (KCB). In particular, the core highlights rock sequences consistent with and comparable to descriptions of lower D’Kar Formation sequences to the west in Namibia and along strike towards Sandfire Resources’ (ASX:SFR) Motheo Mine to the northeast. The contact position between the D’Kar Formation and Ngwako Pan Formation is one of the main regional controls for large-scale copper/silver deposits and will be tested by other holes in the programme.

The intersection of pathfinder elements and pyrite, along with copper values in our pXRF readings, provides an encouraging indicator of the presence of structural trap sites. Such traps have enabled the accumulation of economic copper deposits elsewhere in the KCB.

Kavango looks forward to building on these results as our drilling continues. This is our most ambitious drill programme to date. Preparations took two years to maximise our chances of discovery success.

Now that we have received such strong confirmation that our modelling appears to be correct, we move forward in eager anticipation. With a further 4,300m of drilling planned over our remaining 14 high-priority targets, we believe our chances of discovery success have increased significantly.”

Kavango’s exploration and drilling strategy at Karakubis is to validate the interpretations made to date from modelling of geological and geophysical data and to establish the stratigraphic position in the system, verify the presence of structural trap sites and confirm the presence of a copper/silver mineralising system through identification of pathfinder minerals.

https://www.share-talk.com/ben-turney-ceo-of-kavango-resources-lonkav-talking-to-zaks-traders-cafe/

Zak Mir spoke to Metals One PLC CEO Jonathan Owen as the company which is advancing strategic minerals projects in Finland and Norway, announces a maiden JORC Inferred Mineral Resource for the P5 area of the Finland - Black Schist Project of 29 Mt1.

This brings the total Black Schist Project resource to 57.1 Mt, more than double the previous estimate.

Metals One doubles its Black Schist project’s resource estimate in Finland to 57.1 million tons, increasing its value to around $3 billion. The company is fast-tracking a Preliminary Economic Assessment, aiming to complete it by the year’s end, crucial for development metrics and EU project status.

Metals One plans a phased expansion with multiple satellite pits, ensuring low-cost, high-volume mining inspired by successful nearby operations.

The interview with Jonathan Owen, CEO of Metals One, conducted by Zak Mir. The discussion focuses on the company's recent progress and strategic plans.

Key Points:

MRE Upgrade and Doubling Resource: Metals One has announced a significant upgrade, doubling their mineral resource estimate (MRE) for the P5 area of the Finland Black Schist Project to 57.1 Mt.

Funding and Strategic Decisions: The company cancelled a farm-in with Gend and directors participated in a subsequent fundraiser. This strategic decision was to ensure immediate cash availability for planned work programs rather than waiting for delayed cash flows.

Project Development and Goals: Metals One aims to develop a primary economic assessment this year, supported by the new funding. They have a 93.75% stake in the Black Projects and can reclaim the remaining 6.25% from Gend at a predetermined price.

Long-term Target: The company has set a longer-term target of 100 million tons and aims to classify their asset as world-class, aiming for a valuation of around 10 billion in situ value.

Critical Mass and Strategic Status: The milestone of reaching 57 million tons allows them to start scoping studies and preliminary economic assessments, which are crucial for project metrics like NPV and IRR. This progress will help them seek EU project financing and grants under the Critical Raw Materials Act.

Future Plans and Market Position: Despite a current market cap of 2.9 million, which doesn't reflect recent upgrades and potential EU support, Metals One is actively working on raising its profile. They plan to continue drilling to increase resources and move towards production, either independently or through partnerships.

Environmental and Regulatory Preparations: The company is also initiating environmental baseline assessments and other critical path items to reduce project risks, aiming to enhance project attractiveness and feasibility.

Conclusion:

Metals One is advancing significantly in its mineral resource projects in Finland and Norway, with strategic funding and development plans aimed at achieving world-class asset status and securing critical EU support. The company is positioning itself for significant growth and market recognition in the near future.

https://www.share-talk.com/zak-mir-spoke-to-metals-one-plc-aimmet1-ceo-jonathan-owen/

Poolbeg Pharma Chief Executive Officer, Jeremy Skillington PhD present an overview of their current programmes and opportunities, focussing on POLB 001, data, exclusive option agreement and their AI-powered research using human viral challenge data

AIM: POLB | OTCQB: POLBF

Poolbeg Pharma plc is committed to the development and commercialisation of innovative medicines that address critical unmet medical needs. They are focused on strategically commercialising approved and marketed drugs to fund the development of a robust pipeline of innovative products, driving significant value creation.

Jeremy Skillington began his biotechnology career in the Business Development group of Genentech, Inc in California in 2002.

At Genentech, he was responsible for executing over 40 licencing, investment and collaboration transactions.  Returning to Ireland in 2009, Jeremy led Business Development and was a member of the Senior Management team at Opsona Therapeutics Ltd before becoming a founder and CEO of immuno-oncology company TriMod Therapeutics Ltd. In 2014 Jeremy joined German investment fund HS Lifesciences GmbH to provide start-up and business development support to portfolio companies ImmunoQure AG and Ethris GmbH.

Jeremy joined Inflazome on its founding in 2016 and was instrumental in their acquisition by Roche in September 2020 for €380M (£325M) upfront and significant downstream milestones.  Jeremy studied Biochemistry at the National University of Ireland, Galway where he was awarded his Ph.D.  He performed his post-doctoral research at the University of California, San Francisco in the lab of Prof Rik Derynck.

https://www.share-talk.com/poolbeg-pharma-plc-chief-executive-officer-jeremy-skillington-phd-talking-to-zak-mir/

After the announcement that the company has entered into a definitive option agreement with Terra Balcanica Resources Corp. (CNSX: TERA) for the sale of its uranium projects located in Saskatchewan, Canada.

·  Proximal to northern and southeastern edges of the Athabasca Basin (“Basin”) in northern Saskatchewan, a premium mining district and leading global source of high-grade uranium;

·   Charlot-Neely is located within the emerging Uranium City district on the northwestern margin of the Basin;

·   Historical work at the projects has demonstrated evidence of uranium mineralization along favourable structural trends with prospective target horizons based on electromagnetic conductors; and

·   Future exploration by Terra will see the undertaking of a modern systematic geologic fieldwork and geophysical surveys to determine the resource potential.

“We are thrilled to announce the signing of a definitive option agreement for the sale of our uranium assets in Canada. This strategic move not only provides us with the capital to advance our innovative and environmentally friendly tailings processing assets, Teck-Hughes and Sylvanite, and focus on our gold exploration projects but also validates our business model of identifying low entry-level assets and crystallizing value for our shareholders. This milestone is a testament to our commitment to both shareholder value and sustainable development.”

For further information please visit https://fulcrummetals.com/ 

https://www.share-talk.com/fulcrum-metals-plc-lonfmet-sale-of-saskatchewan-uranium-projects/