Short 🧵 on #ALL and #BRES, both owners of African critical minerals projects with an EV angle.
#ALL announced today that the company is to be sold for $210m. Holders seem largely unhappy. I’m not here to comment on that as such but rather on read across to #BRES. 1/n
Back at 8p now but sit on your hands and wait it out if you're already in IMO - am topping up myself as she drops, I'm sure this is a 10x waiting to happen.
Worth a read:
https://t.co/2lc1VF9eoI
#BRES#Blencowe#Graphite
The Tulu Kapi Gold Development Project is a prime example of how we can responsibly harness our natural resources for the benefit of the country and its people. Located in the West Wollega Genji Zone, it is being developed through a partnership between the government and private investors. Beyond its economic potential, the project will stimulate other development in the area, including education, roads, healthcare facilities, and modern housing. Seeing the project firsthand, I am confident that with continued effort, it will not only generate economic growth but also uplift the local communities and inspire further development in the region.
The Tulu Kapi Gold Development Project is a prime example of how we can responsibly harness our natural resources for the benefit of the country and its people. Located in the West Wollega Genji Zone, it is being developed through a partnership between the government and private investors. Beyond its economic potential, the project will stimulate other development in the area, including education, roads, healthcare facilities, and modern housing. Seeing the project firsthand, I am confident that with continued effort, it will not only generate economic growth but also uplift the local communities and inspire further development in the region.
Congratulations to @SunstoneMetals on the updated MRE for the Bramaderos Project, boosting the scale & definition of one of S Ecuador’s key gold–silver-copper systems.
In addition to the Porvenir deposit & other prospective ground in S Ecuador, SolGold also holds a 12.5% carried interest in Bramaderos. Ecuador continues to emerge as a leading copper–gold jurisdiction.
$STM $SOLG #Ecuador #mining #copper #gold
.@SolGold_plc announced assays from three additional drill holes, completed at the Tandayama-America deposit of its flagship Cascabel project. Drilling continues to define significant near-surface open-pittable resources with the latest batch of assays intersecting up to 0.77% CuEq over 160.5m. These broad intersections of near-surface Cu-Au mineralization further validate $SOLG's revised strategy of building a starter pit at TAM to support development of a larger block-cave operation at the Alpala deposit. Read here: https://t.co/PBG7BNZgzY
Solid results out of Tandayama América.
Exactly the kind of near-surface copper and gold we’re looking for as the early production opportunity takes shape.
https://t.co/t0xX40JQa9
#Copper#Gold#Ecuador $SOLG #LMEWeek#Solgold
Tandayama América Continues to Deliver:
Hole 70 extends near-surface Copper-Gold mineralisation with:
- 158.2m @ 0.64% CuEq from 7.8m
- including 50.2m @ 0.70% CuEq from 7.8 m
- and 56m @ 0.86% CuEq from 86m
Supports the early open-pit strategy at Cascabel.
Read Release: https://t.co/7E1KdHOY7Z
#Copper #Gold #Mining #LMEWeek $SOLG
Solid week this week on the road.
Building interest in the story and emphasising the clean exposure to copper and gold in an emerging exciting jurisdiction with a sprinkle of silver. All commodities that are enjoying a stellar run and will certainly continue to as the US dollar is challenged and supply of Cu is constrained by lack of new projects and tough conditions in existing projects.
Drilling going well at TAM with lots of positive signs for the open pit
Early works planning complete
EIA submission close as the team works overtime to finalise
Current prices implying even more upside to NAV at Alpala
The SolGold team are doing an incredible job in a new era for the company.
Cascabel shaping up strong vs. other copper projects. Barrick’s slide shows Cascabel with the lowest capital intensity (US$/t copper over LOM) amongst peers.
This week Ecuador’s ENAMI signed an MoU with Barrick to kickstart exploration on 10 concessions.
Image Source: Barrick
#Cascabel #Copper #Ecuador #Mining $SOLG
Copper M&A heating up! 🇨🇳⛏️ Jiangxi Copper is upping its stake in SolGold with a private placement at a 45% premium—a strong vote of confidence. Bullish for SolGold & all copper juniors with major projects. #Copper#Mining
$SOLG bounced 20% today. A rerate was due given that the company now finally has a chairman and has fired a disappointing CEO. Jangxi Copper have doubled their stake in the company and provided much needed capital and expertise. This is just the beginning
BHP & Rio Tinto are the world's largest mining companies.
$237 billion in market value*, combined.
As leaders, their outlook is a crucial signal for investors.
Here's what they see ahead for copper: