SmallCaps Podcast

QMines (ASX: QML) chairman Andrew Sparke joins Small Caps to discuss the company’s recent exploration excitement which has confirmed the potential of its promising Mt Chalmers copper discovery in Queensland.

Recent drilling hits at the Artillery Road target have confirmed that QMines looks to be onto a significant new base metal discovery.

The company initially grabbed interest in late July when drilling intersected high-grade mineralisation southwest of the Mt Chalmers West Lode.

It quickly followed that up in early August with a drill test of an Artillery Road electromagnetic prospect confirming potential for a large discovery.

The company is now looking to add on to that early success with RC drilling continuing on a 5,000m, 30 hole program.

The company has also identified a further 30 plus electromagnetic anomalies to test.

Articles:
https://smallcaps.com.au/maiden-drill-hole-confirms-sulphides-qmines-new-copper-target-artillery-road/
https://smallcaps.com.au/qmines-makes-high-grade-discovery-southwest-mt-chalmers-copper-gold-project/

For more information on QMines:
https://smallcaps.com.au/stocks/asx-qml/

See omnystudio.com/listener for privacy information.

Beam Communications (ASX: BCC) chief executive officer and president Michael Capocchi and chief financial officer Dean Sleigh join Small Caps to discuss the company's strong finish to FY2023.

The SatCom specialist concluded its 2023 financial year with record earnings, a 75% increase in operating cash inflow to $2.5 million, and a 39% cash balance increase to $5 million.

The company also achieved record levels of sales and royalty increases across all business units, including strong demand for its SatPhone Shop business and an $18 million contract with global satellite leader Iridium Communications.

Mr Capocchi attributed the success to unwinding trade working capital and the successful launch of products like the Iridium GO! exec device.

He expressed optimism for continued growth in the global mobile satellite services sector, citing the company's strong balance sheet, growing cash flows, and a positive outlook for the joint venture with ZOLEO Inc.

Articles:
https://smallcaps.com.au/beam-communications-signals-continued-growth-strong-finish-fy-2023/
https://smallcaps.com.au/beam-communications-fy23-earnings-revenue-expected-reach-record-highs/
https://smallcaps.com.au/apple-starlink-benefit-or-threat-companies-beam-communications/

For more information on Beam Communications: https://smallcaps.com.au/stocks/asx-bcc/

See omnystudio.com/listener for privacy information.

West Cobar Metals (ASX: WC1) managing director Matt Szwedzicki joins Small Caps to discuss the strides the company has taken with the release of a major resource increase at its Salazar rare earth element (REE) project in southern Western Australia.

The company quadrupled its JORC (2012) total mineral resource at Sazalar to 190 million tonnes of 1,172 parts per million total rare earth oxide.

Notably, the updated resource includes a significant proportion of total magnet rare earth content, with studies identifying particularly high heavy magnet rare earths material at the Newmont deposit within Sazalar.

Initial metallurgical testwork carried out by the Australian Nuclear Science and Technology Organisation has provided results that show that the project's REE clay minerals are amenable to simple leach extraction.

Those results have provided West Cobar with the confidence to now undertake phase 2 optimisation and flowsheet development work.

Exploration work to date has also identified significant potential to increase the resource, and it is full speed ahead for the company at its project located near the export port town of Esperance.

Articles:
https://smallcaps.com.au/west-cobar-metals-achieves-near-fourfold-increase-salazar-ree-resource/
https://smallcaps.com.au/west-cobar-metals-reports-excellent-recoveries-testing-salazar-rare-earth-samples/
https://smallcaps.com.au/west-cobar-metals-high-grade-results-drilling-salazar-rare-earths-clay-project/

For more information on West Cobar Metals:
https://smallcaps.com.au/stocks/asx-wc1/

See omnystudio.com/listener for privacy information.

Akora Resources (ASX: AKO) managing director Paul Bibby joins Small Caps to discuss a recent 34% increase in the indicated and inferred resource at the Bekisopa iron project in Madagascar.

The company has defined a 34 million tonne high-grade “green steel” resource at Bekisopa with impressive grades of 45.3% iron and a 58% David Tube Recovery (DTR) level, which will produce a 68.7% iron concentrate at 75 microns.

Green steel is a high value steel product produced without the use of fossil fuels. Manufacturers are increasingly seeking higher-grade ores with fewer impurities that are more energy efficient and cost effective to process at their green steel plants.

Akora is confident its “green steel” zone is readily upgradeable and will becoming increasingly valuable.

As part of its Bekisopa development plans, the company is preparing for an additional 800 metres of infill drilling across the Bekisopa Northern and Central Zones to further expand start-up direct shipment ore (DSO) tonnage.

A review of the unreleased 2022 scoping study based on the Indicated DSO start-up tonnes and grade is also underway.

The global green steel market size was $121 million in 2021, and is projected to reach $560 million by 2031, registering a CAGR of 131.8% from 2022.

Articles:
https://smallcaps.com.au/akora-resources-boosts-resource-numbers-defines-green-steel-zone-bekisopa/
https://smallcaps.com.au/akora-resources-green-steel-future-samples-return-high-grade-assays/

For more information on Akora Resources:
https://smallcaps.com.au/stocks/AKO/

See omnystudio.com/listener for privacy information.

Red Mountain Mining (ASX: RMX) chairman Troy Flannery joins Small Caps to discuss the recent confirmation of high-grade lithium at the Mustang project in Nevada and the acquisition of a majority interest in a Western Australian rare earths project.

The company's drilling campaign at Mustang intersected lithium in eight out of ten holes and extended the mineralisation strike out to 1500m. Red Mountain is now planning to follow-up the success of that maiden Phase 1 drilling program.

Mustang is located 9 km south of Belmont Resources' Kibby Lake project and 40km east of American Lithium’s TLC deposit.

Closer to home, Red Mountain has already identified initial targets to follow-up at its newly acquired Monjebup rare earth project in WA's south.

The company has reached a farm-in deal with Liontown Resources (ASX: LTR) to acquire an 80% stake in the project where sampling has already identified promising rare earth potential.

Articles:
https://smallcaps.com.au/red-mountain-mining-intersects-high-grade-lithium-claystone-mustang-project/
https://smallcaps.com.au/red-mountain-obtains-majority-stake-liontown-southern-wa-rare-earth-project/

For more information on Red Mountain Mining:
https://smallcaps.com.au/stocks/RMX/

See omnystudio.com/listener for privacy information.

92 Energy (ASX: 92E) chief executive officer Siobhan Lancaster joins Small Caps to discuss the company’s uranium exploration activities in Canada’s world-class Athabasca Basin.

The company is preparing to follow up a number of new targets at its Clover uranium project, where three significant new electromagnetic conductors were identified by a recent EM ground survey.

Clover is located along trend to some of Canada’s richest uranium finds including Orano Canada’s Close Lake uranium deposit and Tucker Lake uranium zone and Cameco Corporations’ Cigar Lake uranium mine.

92 Energy is becoming a significant player in the Athabasca Basin as it recently announced a new uranium discovery at the Gemini project, which it is also preparing to follow-up.

The Athabasca Basin has more high-grade uranium projects than any other area in the world.

Articles:
https://smallcaps.com.au/92-energy-honing-in-new-athabasca-uranium-targets/ https://smallcaps.com.au/92-energy-high-grades-after-new-drilling-athabasca-uranium-project/

For more information on 92 Energy:
https://smallcaps.com.au/stocks/92E/

See omnystudio.com/listener for privacy information.

Tambourah Metals (ASX: TMB) chairperson Rita Brooks joins Small Caps to discuss the company’s recent acquisition of six lithium prospective projects in Western Australia’s Pilbara region and earn-in agreement with Chilean lithium producer SQM.

Tambourah has Sociedad Quimica y Minera de Chile SA (SQM), allowing SQM to initially earn a 50% stake, and potentially up to a 70% interest, in six of Tambourah's Julimar Nth projects in Western Australia.

SQM will secure these stakes by independently funding between $1.5m and $3m on exploration and development activities. In addition, the addition of the 337 square kilometres of granted exploration licences from

Minrex Resources makes Tambourah one of the largest lithium exploration tenement holders in the high-profile Pilbara, host of two operating, Tier 1 lithium mines.

Several of the projects adjoin current Tambourah Pilbara projects, including Tambourah North and the Haystack Well Project.

The company is planning to quickly advance its new Pilbara lithium assets which are providing additional scale and quality and is already active on the ground there.

For more information on Tambourah Metals:
https://smallcaps.com.au/stocks/TMB/

See omnystudio.com/listener for privacy information.

Chilwa Minerals (ASX: CHW) managing director Cadell Buss joins Small Caps to discuss the company’s plans to fast track activities at its exciting Malawi heavy mineral sands and rare earth project.

The company recently raised $8 million through a popular IPO to undertake a two-year, $4.5 million exploration program at Lake Chilwa.

Approximately $7.4 million had been outlaid at Lake Chilwa by previous explorers providing the company with a heads-up on the best areas to target.

Its initial Lake Chilwa activities will include a 17,000-metre sonic drilling program to test those targets as it looks to delineate a high-grade, economic deposit.

Malawi is home to a number of recent world-class rare earth discoveries and is attracting increasing critical minerals investor interest.

Article:
https://smallcaps.com.au/chilwa-minerals-list-asx-lake-chilwa-heavy-mineral-sands-rare-earths-project/

For more information on Chilwa Minerals:
https://smallcaps.com.au/stocks/CHW/

See omnystudio.com/listener for privacy information.

Felix Gold (ASX: FXG) chief executive officer and managing director Anthony Reilly joins Small Caps to discuss the company’s current Treasure Creek project drilling campaign in Alaska.

The infill drilling program will provide key information for a maiden resource estimate to be released towards year end.

Current work is focused on Treasure Creek’s gold prospectivity with Felix Gold already defining an initial exploration target for the NW array of 76Mt to 92Mt at 0.4–1.1 grams per tonne gold implying potential to host up to 3.6 million ounces.

The company has also identified the potential for the rare critical metal antimony at Treasure Creek.

Article:
https://smallcaps.com.au/felix-gold-begins-drilling-historic-fairbanks-district-alaska/

For more information on Felix Gold:
https://smallcaps.com.au/stocks/FXG/

See omnystudio.com/listener for privacy information.

Barton Gold (ASX: BGD) managing director Alexander Scanlon joins Small Caps to discuss the company’s continued run of success at its high-class South Australian projects.

The company received binding commitments for a $3.5 million placement led by institutional investors from Australia, Europe and North America, with proceeds intended to speed up the definition of 'Stage 1' Resources, while also planning a $1 million

Share Purchase Plan and estimating a pro-forma cash balance of over $10 million by 30 June 2023.

Barton recently cleaned up to the tune of $1.1 million when it uncovered a large haul of “bonanza” grade gold during a refurbishment operation at its historic Central Gawler Mill.

As part of the same program, Barton also obtained an insurance valuation of $100 million for the key piece of regional infrastructure. At the same time the company is making strong progress with its exploration plans in the gold rich Gawler Basin.

Barton currently has a total attributable 1.3 million ounces of gold JORC mineral resources estimates in assets such as the Tunkillia gold project and the Tarcoola and Challenger gold mines and current exploration work has highlighted the company’s significant upside.

Articles:
https://smallcaps.com.au/barton-gold-dispatches-second-round-materials-mill-cleanout-hunt-leftover/
https://smallcaps.com.au/new-study-highlights-significant-value-barton-gold-central-gawler-mill/
https://smallcaps.com.au/barton-uncovers-gold-central-gawler-mill-cleanout/

For more information on Barton Gold:
https://smallcaps.com.au/stocks/BGD/

See omnystudio.com/listener for privacy information.