Small Caps

Black Rock Mining (ASX: BKT) managing director and chief executive officer John de Vries joins Small Caps to discuss the company's recent signing of a major financing agreement to fund development of the Mahenge Graphite Project in Tanzania.

A consortium of African banks have come together to provide approximately $260 million in loan and bank guarantee facilities to fund Mahenge.

The financial institutions include The Development Bank of Southern Africa, The Industrial Development Corporation of South Africa and Tanzanian lender CRDB Bank.

The new facilities are in addition to around $73 million of previously agreed support from South Korean trading house POSCO, including a $58 million equity investment in Black Rock.

The funding support of the African banks is a major de-risking milestone for Black Rock towards funding the development of the Mahenge project.

Black Rock’s definitive feasibility study for the project has defined a four-stage construction schedule to deliver up to 340,000 tonnes per annum of 98.5% graphite concentrate for 26 years of 98.5% premium graphite flake concentrate with the ability to produce Ultra Purity flake of 99%.

Article:
https://smallcaps.com.au/black-rock-mining-mahenge-debt-financing-facility-african-banks/

For more information on Black Rock Mining:
https://smallcaps.com.au/stocks/asx-bkt/

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Tambourah Metals (ASX: TMB) chairperson Rita Brooks joins Small Caps to discuss the company's successful completion of its drilling at the Tambourah Gold project in Western Australia's far north.

The 11 hole RC and diamond drilling program targeted high-grade gold at the historic Tambourah King, Federal and Kushmattie prospects.

A Western Australian government co-funded diamond hole also tested gold mineralisation at the World’s Fair prospect.

The company is expecting assay results from the program to arrive early next month after noting promising geology during the drilling program.

At the same time Tambourah is progressing planning for an RC drill program at the Cheela Gold project and undertaking data analysis and drill targeting of the Bryah Copper-Gold project in WA’s Murchison region.

Article:
https://smallcaps.com.au/tambourah-metals-maiden-drilling-program-namesake-gold-project-wa/

For more information on Tambourah Metals:
https://smallcaps.com.au/stocks/asx-tmb/

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Anatara Lifesciences (ASX: ANR) executive chair Dr David Brookes joins Small Caps to discuss the company's progress with its Stage 2 pivotal GaRP irritable bowel syndrome trial.

The company has made good strides with recruitment for the trial, with over 30 participants enrolled and approximately 20 potential participants currently in the final screening to determine suitability for enrolment.

The company has added additional sites in Adelaide and the Sunshine Coast, while it is receiving sustained levels of interest at existing sites in Melbourne, Sydney, and Brisbane.

The Stage 2 trial is designed to confirm the highly encouraging and clinically meaningful interim results from Stage 1 of the GaRP-IBS clinical trial. 

GaRP is considered to have the potential to be a disease-modifying treatment that aims to positively impact a substantial proportion of the population suffering from the debilitating symptoms of digestive disorders, including irritable bowel syndrome.

Anatara recently received more than $626,000 from the Australian Taxation Office under the Federal Government’s Research and Development (R&D) tax incentive scheme for FY2024. 

Those funds will support Phase 2 of the clinical trial of GaRP.

Articles:
https://smallcaps.com.au/anatara-lifesciences-on-track-recruitment-stage-2-garp-ibs-trial/
https://smallcaps.com.au/anatara-lifesciences-stage-2-garp-trial-ibs-treatment-gains-momentum/

For more information on Anatara Lifesciences:
https://smallcaps.com.au/stocks/asx-anr/

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Terra Uranium (ASX: T92) executive chairman Andrew Vigar joins Small Caps to discuss the company's recent deal with ATHA Energy and its sizeable Canadian uranium portfolio.

T92 recently signed strategic agreements with ATHA Energy under which ATHA may potentially acquire up to 60% of T92’s Pasfield Lake project, while T92 may potentially acquire up to 70% of ATHA’s Spire and Horizon projects.

Terra has undertaken a successful capital raise to help support further work at the various projects.

The Spire and Horizon Projects are comprised of 12 mineral claims located on the eastern rim of the Athabasca Basin within the company’s East Rim Exploration District.

ATHA’s maiden 2023 exploration program identified approximately 144 km of cumulative conductors, demonstrating that the Spire and Horizon Projects have a high concentration of shallow prospective exploration targets for discovery of uranium mineralisation.

T92’s Pasfield Lake has been targeted using 3D inverted ZTEM conductivity and seven priority target areas have been identified within the project that require a minimum of two drill holes per target.

T92 also plans to continue to advance its HawkRock and Parker Lake projects in the Athabasca Basin and the Amer Lake project in Nunavut.

Articles:
https://smallcaps.com.au/terra-uranium-readies-itself-busy-canadian-exploration-campaign/https://smallcaps.com.au/terra-uranium-atha-energy-join-forces-develop-athabasca-basin-projects/

For more information on Terra Uranium:
https://smallcaps.com.au/stocks/asx-t92/

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Galan Lithium (ASX: GLN) managing director Juan Pablo Vargas de la Vega joins Small Caps to discuss the company’s signing of an HMW lithium project offtake prepayment agreement MoU with China’s Chemphys.

The deal provides Galan with potential for early cash flow with Chemphys to provide an approximately $60 million (US$40 million) offtake prepayment facility upon execution of definitive agreements.

In return Galan will sell Chemphys a total of 23,000 tonnes of lithium carbonate equivalent (LCE) over the first five years of Phase 1 production from the HMW project

The signing of the agreements comes after Galan received positive feedback from potential customers of HMW high grade, low impurity lithium chloride samples.

Chemphys has been producing high purity lithium chemicals since 1998 and the offtake partnership and the financing prepayment will be foundational agreements for the HMW project and Galan.

Article:
https://smallcaps.com.au/galan-lithium-offtake-prepayment-deal-hmw-lce-chengdu-chemphys/

For more information on Galan Lithium:
https://smallcaps.com.au/stocks/asx-gln/

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Elevate Uranium (ASX: EL8) managing director and chief executive officer Murray Hill joins Small Caps to discuss the company's continuing drilling success within the Koppies project area in Namibia.

The company is particularly excited about the latest high-grade uranium intersections obtained from the Hirabeb prospect at Koppies.

The Hirabeb find has similar mineralisation to the large Koppies resource, located 12 km to the north.

Elevate will continue to further assess Hirabeb with drilling set to continue for the rest of the calendar year with the company planning on releasing a maiden resource.

Development potential at Hirabeb benefits from the shallow nature of the mineralisation, with all significant intercepts commencing within 10 metres from the surface.

Namibia has significant uranium mines capable of providing 10% of global output.

Articles:
https://smallcaps.com.au/elevate-uranium-high-grade-assays-drilling-koppies-hirabeb-prospect/
https://smallcaps.com.au/worlds-largest-uranium-miner-kazatomprom-cuts-2025-production-guidance/

For more information on Elevate Uranium:
https://smallcaps.com.au/stocks/asx-el8/

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Highfield Resources (ASX: HFR) chief executive officer Ignacio Salazar joins Small Caps to discuss the company's recent game-changing strategic corporate deal.

The company recently signed a transformative proposed transaction to finance its Muga potash mine in Spain and acquire a potash project (Southey) in Saskatchewan, Canada.

Muga has attracted vital funding interest with the signing of a Letter of Intent for cooperation with Yankuang Energy Group. The proposed transaction would entail the funding of US$220 million of equity capital from strategic investors.

Yankuang Energy intends to provide up to US$90 million to support the cornerstone placement with the other strategic investors providing the rest.

Muga is considered shovel-ready, and Highfield recently signed the contract for the construction of the civil works and the ramps at Muga.

For more information on Highfield Resources:
https://smallcaps.com.au/stocks/asx-hfr/

See omnystudio.com/listener for privacy information.

BPH Energy (ASX: BPH) managing director David Breeze joins Small Caps to discuss the continuing delays impacting the proposed testing of the PEP 11 oil and gas exploration licence off the coast of New South Wales.

At a time when the Federal government and east coast gas users are crying out for more supplies, BPH and its investee company Advent Energy keep on running into roadblocks in their plans to drill a well on a large gas target in PEP 11.

The recent NSW government move to bring in a Bill to potentially ban oil and gas activities in the waters off its coastline is the latest frustration for those looking to find gas reserves that can help overcome energy issues that have been forecast to potentially lead to major blackouts in New South Wales and Victoria.

A recent report by the Australian Energy Market Operator (AEMO) found Victorian gas production capacity has decreased, which means there will be an increasing amount of winter gas supply required from Queensland.

AEMO’s recent Victorian Gas Planning Report update indicated this will continue, with the planned closure of Longford’s gas plant 1 starting in July 2024 and Gas Plant 3 later in the decade.

To try and overcome the NSW and Victorian government's anti-gas stance, the Federal government has continually had to rely on Queensland’s LNG producers to carry the load.

A commercial discovery in PEP 11 could potentially be a game-changer for the east coast.

Articles:
https://smallcaps.com.au/bph-energy-advent-preparations-seablue-1-drilling-pep-11/
https://smallcaps.com.au/energyquest-address-east-coast-gas-shortfall-energy-crisis-looms/

For more information on BPH Energy:
https://smallcaps.com.au/stocks/asx-bph/

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iTech Minerals (ASX: ITM) managing director Michael Schwarz joins Small Caps to discuss the company's recent success in developing a significant graphite play on South Australia's Eyre Peninsula.

iTech has achieved a significant 300% resource upgrade at its Eyre Peninsula graphite project.

The upgraded Eyre Peninsula graphite project mineral resource estimate now stands at 35.2 million tonnes at 6.0% total graphitic carbon.

Meanwhile, iTech has obtained exceptional recoveries of around 93% using an industry standard flotation circuit on a bulk concentrate sample of 3.4kg graphite from its Lacroma graphite project.

The next step will be assessing the bulk sample with spheroidization and purification test work aimed at producing a purified spherical graphite product that meets industry standards for battery anode material in lithium-ion batteries.

iTech is now processing to the next phase of developing this project aimed at helping the world meet the graphite shortages that many analysts are predicting over the next decade.

According to Whatech, the global graphite market reached $35.6 billion in 2023 and is expected to reach $58 billion by 2031, growing with a CAGR of 6.2% during the forecast period 2024-2031.

Articles:
https://smallcaps.com.au/itech-minerals-high-purity-graphite-concentrate-production-lacroma/
https://smallcaps.com.au/itech-minerals-resource-upgrade-eyre-peninsula-graphite/

For more information on iTech Minerals:
https://smallcaps.com.au/stocks/asx-itm/

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Mitre Mining (ASX: MMC) chief executive officer Tim Laneyrie joins Small Caps to discuss the continued success the company is achieving at its exciting Cerro Bayo silver-gold project in southern Chile.

With around $10.3 million in the bank, Mitre is stepping up its exploration activity at Cerro Bay with the aim of lifting the project's current 50 million ounces of silver equivalent mineral resource to 100 million ounces of silver equivalent.

That aim was recently boosted when Mitre obtained rock chip assays of up to 10,466 grams per tonne silver equivalent.

That find confirmed the discovery of another potential swarm of silver-gold veins at Cerro Bayo.

It also highlighted the upside at Cerro Bayo where Mitre is putting together an exceptional pipeline of drill targets.

The company is fast-tracking its testing of those new targets with a second drill rig being transported to site.

Articles:
https://smallcaps.com.au/mitre-mining-price-target-canaccord-cerro-bayo-acquisition/https://smallcaps.com.au/mitre-mining-identifies-new-silver-gold-veins-cerro-bayo-chile/

For more information on Mitre Mining:
https://smallcaps.com.au/stocks/asx-mmc/

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