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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tectonic Gold Plc | TTAU | Aquis Stock Exchange | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade | |
|---|---|---|---|---|
| 0.045 | 30.00% | 0.195 | 13:24:51 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.15 | 0.15 | 0.195 | 0.15 |
| Top Posts |
|---|
Posted at 16/11/2022 09:22 by gbcol 16 November 2022TECTONIC GOLD PLC ("Tectonic Gold" or the "Company") Remobilisation drilling update Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold System ("IRGS") explorer, is pleased to report the recommencement of drilling at the Company's flagship Specimen Hill project in Queensland, Australia, on the high grade Goldsmiths Reef mine. Highlights: * 350m deep diamond core at Goldsmith's Reef to be completed, targeting bullseye geophysical target below high-grade historic mine. * Assays returned grades of 8.17g/t Au over 1m in distal veins in the last ten meters before the hole was suspended due to bad weather * The primary target zone is at 200m+ * Expect to complete drilling in two weeks with assays reported shortly thereafter * Will provide further updates at the VSA Capital - Aquis Investor Showcase on 29th November. Mr. Brett Boynton, Managing Director - Tectonic Gold Plc "Field reconnaissance during September confirmed the ground conditions were suitable to remobilise, however a general shortage of rigs delayed our restart until earlier this week. We began drilling yesterday and with a week of good weather forecast we expect to complete this final hole left over from the 2021 campaign and have samples off to the lab for assay in the next two weeks. This is an exciting hole for the Company as we are chasing the extension of a known high-grade system that has been mined close to surface. The intersection of narrow, high-grade, veins just before we were forced to suspend the campaign is very encouraging. These veins are presenting at about 110m, well before the target zone and we hope to see convergence of these distal veins as we close in on the target zone. This is a relatively quick campaign and we expect to have assays back within weeks of the completion. These results will fill out our data package for discussions with potential joint venture partners and the recent corporate activity on the gold sector is encouraging. We will have in-field geological analysis completed in time for the VSA Capital - Aquis Investor Showcase on the 29th of November and look forward to sharing the news then. Please join us via the link below." the-vsa-capital-aqui This link to our website will take you to our gallery and a picture of our diamond rig arriving on site at the Specimen Hill project to complete the campaign suspended due to storms and flooding in Queensland in January 2022 ks8lm863-7329420f-19 This link is to a picture of the rig in action coring a hole below Goldsmith's Reef targeting a geophysical bullseye anomaly at circa 250m depth. ks8lm863-6b0a0f3e-ff |
Posted at 10/6/2022 08:15 by gbcol Thanks for posting goneawol, I’d missed this one. Good to get back on the ground and hopefully we’ll get some positive news soon so we can tie up some JV investor deals.Here’s the RNS in case anyone hasn’t seen it |
Posted at 10/6/2022 07:44 by goneawol "We are very happy to be back on the ground after such a long forced break. Fingers crossed we have no more rain and we can get the heavy equipment back onto the Goldsmith's Reef target in the weeks ahead. If we can get sufficient information from this campaign we will be looking to put maiden resource numbers together, but the primary aim is to complete the due diligence package for prospective joint venture investors." - Brett Boynton |
Posted at 04/2/2022 13:17 by gbcol Directors taking their £20k director fees in shares rather than cash again, which I would say is a positive thing. Reduces cash out, keeps them engaged & shows their confidence that share price will increase. |
Posted at 13/9/2020 21:28 by katsy The link below provides a list of brokers who trade in AQUIS (Formally NEX) unfortunately by broker is listed there. Will contact them tomorrow to see if AQUIS can be added |
Posted at 13/5/2019 12:35 by lyndonharrison 13/05/2019 7:01amUK Regulatory (RNS & others) TIDMTTAU 13 May 2019 TECTONIC GOLD PLC ("Tectonic Gold" or the "Company") Acquisition of Diamond mining contract Tectonic Gold plc (TDIM: TTAU) is pleased to announce that it has restructured the diamond mining joint venture previously announced and that the Company's 100% owned subsidiary, Tectonic South Africa Pty Ltd ("Tectonic SA"), is taking full operating control and a 100% economic interest in the VAST Mineral Sands Pty Ltd ("VAST") diamond mining contract. VAST remains a partner via the equity consideration in Tectonic Gold previously agreed and a production royalty on the contract. Highlights: * Tectonic Gold has, as of 1 May 2019, taken operational control of the VAST land mining contract * Intention to self-fund all future gold exploration activities from project cash flows * New subsidiary, Tectonic SA, established * VAST diamond mining team transferred to Tectonic SA * Equipment leases transferred to Tectonic SA * Consideration includes the original JV consideration announced 18 January 2019 and a 3% royalty on gross diamond sales * Tectonic SA to reimburse VAST for provision of on-going support to meet contract compliance in rehabilitation, health and safety and security. Following the initiation of mining under the joint venture agreement with VAST, the mining team completed bulk sampling in a number of areas with recoveries from all samples showing grade and average stone size above expectations. Tectonic Gold has subsequently reached agreement to take full control of the project as exclusive subcontractor with the VAST diamond mining team moving to Tectonic SA effective immediately. Restructuring the 19 April 2019 joint venture into a subcontract gives the Company operational autonomy in on-going development, equipment financing and planning the expansion of diamond mining operations. The existing diamond mining team is being transferred to Tectonic SA together with all the equipment currently leased. This has enabled a transition with no operational interruptions to on-site activities. VAST remains a major on-site presence with their other interests and will continue to support Tectonic Gold as a significant shareholder and Tectonic SA as their exclusive subcontractor. The Company has identified plant and equipment required for expansion of our mining operations. This is currently planned to occur in two stages with the first stage targeting 950 carats per month production and the second increasing production to a minimum of 1,500 carats per month. The Company is in advanced discussions with equipment lease finance providers to acquire the required plant and equipment. About Tectonic Gold: Tectonic Gold is a specialist gold exploration company, focused on the identification and delineation of large-scale, multimillion-ounce Intrusion Related Gold System ("IRGS") assets. Tectonic Gold holds a number of gold discoveries in the New England Orogen in Eastern Australia, a prolific gold region that is home to Australia's two largest gold production companies, Newcrest Mining and Evolution Mining. A successful diamond drilling campaign in 2018 on the Company's flagship "Specimen Hill" project has confirmed a large diatreme IRGS system similar to regional multi-million ounce deposits such as Kidston and Mt Rawdon. Tectonic Gold intends to apply the cash flows from the diamond mining operations to further drilling at Specimen Hill under an existing drill for equity deal with Titeline Drilling. 7,500m of diamond drilling remains available on a 50% cash payment basis under this agreement. Funds will also be allocated to progressing the Company's Mt Cassidy prospect during the 2019 calendar year. Mr. Brett Boynton, Managing Director - Tectonic Gold Plc This transaction gives us full control over a considerable and readily accessible diamond resource. We have been very encouraged by the grade and stone size coming from our initial bulk testing. In order to maximise the opportunity, we have worked with VAST to restructure our original deal and take full control over the operations. This has enabled us to advance equipment-financing discussions and more confidently plan the mine development, leading to increased production and revenues. The strategy remains to fully fund for all of our gold exploration programs from internal production and this transaction gives the Company a strong platform to achieve that. It also puts us on a firmer footing to create liquidity in our share register and encourage interest from new investors. Qualified Person: Mr Jonathan Robbeson - BSc (Hons1), MEconGeol, MMinEng, (CP Geo) is a full-time employee of Signature Gold Limited and is a registered Chartered Professional (Geology) with the Australian Institute of Mining and Metallurgy (AusIMM - 304542). Mr Robbeson has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and the activity being undertaken to qualify as a Competent Person as defined in the Note for Mining Oil & Gas Companies, June 2009, of the London Stock Exchange and the 2012 Edition of the 'Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code). Mr Robbeson consents to the inclusion in the release of the matters based on his information in the form and context in which it appears. |
Posted at 28/9/2018 02:49 by jl123us Brett Boynton on Proactive Investors |
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