Wow!
Phase 1: Over four years, Ivanhoe can earn 51% by funding up to $115 million across the projects, which would include significant drilling campaigns. If Ivanhoe chooses not to progress certain projects or if tenure is relinquished, expenditure will be adjusted accordingly. Upon completion, Pallas is granted an NSR royalty and a cash milestone payment for each project that progresses. |
 Pallas and Ivanhoe Mines Enter Strategic Alliance and Exploration Joint Ventures
Holy smoke!! (important paragraph first)
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Ivanhoe will sole-fund $18.7 million during the Initial Phase. In Phase 1, they may elect to invest up to $115 million over four years to earn into all projects under the alliance. If Ivanhoe chooses not to progress certain projects or if tenure is relinquished, expenditure will be adjusted accordingly.
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Summary
Pallas has formed a Strategic Alliance and Joint Venture Agreement with Ivanhoe Mines, a leading global copper explorer and producer.
The partnership targets major copper systems in the Chu-Sarysu Basin, Central Kazakhstan, one of the world’s largest and most well-endowed sediment-hosted copper basins.
The Chu-Sarysu Basin is home to the giant Dzhezkazgan deposit (2.0Bt at 1.1%Cu for 22MtCu), part of a total 27Mt copper endowment, with the USGS estimating an additional 25Mt of undiscovered copper.
Spanning ~16,000km²—larger than Northern Ireland—this alliance targets the basin’s most prospective tracts, forming one of the most significant land packages in Kazakhstan and the largest in the basin.
Ivanhoe will sole-fund $18.7 million during the Initial Phase. In Phase 1, they may elect to invest up to $115 million over four years to earn into all projects under the alliance. If Ivanhoe chooses not to progress certain projects or if tenure is relinquished, expenditure will be adjusted accordingly.
This alliance combines Pallas’ unmatched exploration datasets and first-mover advantage in Kazakhstan with Ivanhoe’s deep expertise in sediment-hosted copper systems, exemplified by their grassroots discovery of the now producing Kamoa-Kakula Complex (third largest copper mine globally).
Robert Friedland, Co-Chairman of Ivanhoe Mines, and Marna Cloete, President: “Ivanhoe’;s strategic partnership marks an exceptional opportunity to utilize our exploration expertise in one of the world’s most prospective sedimentary copper basins. With over 16,000 km² of license applications in the Chu-Sarysu Basin—the largest land-holding position in the region—we are poised to become one of the most significant global copper exploration stories. With a legacy of accomplishments in emerging mineral jurisdictions, including Kazakhstan, Ivanhoe takes pride in applying its expertise to generate lasting value for our shareholders and the communities in which we operate. Our commitment extends beyond discovering vital copper resources, focusing on sustainable development and creating long-lasting economic opportunities in Kazakhstan. This partnership marks an excellent addition to our growing copper exploration portfolio to further accompany the rapidly advancing Western Forelands licenses adjacent to Kamoa-Kakula.”
Simon Cooper, CEO of Pallas Resources: “We’re incredibly excited to partner with Ivanhoe Mines, one of the world’s most entrepreneurial and accomplished miners. Their grassroots discovery of the Kamoa-Kakula complex in the Central African Copperbelt, now the third largest copper mine globally, has set a new benchmark for world-class copper projects. Ivanhoe’s envious track record in generative exploration and substantial knowledge of sediment-hosted copper systems perfectly complements Pallas’ industry-leading datasets and in-country expertise within Kazakhstan. This partnership represents a significant commitment to greenfields exploration at a time when the sector remains hesitant to take such bold steps, highlighting Kazakhstan’s unparalleled mineral potential and our strong belief in the country’s ability to deliver multiple major new mineral discoveries.” |
Mentor Demi, President, CEO & Director of Western Tethyan Resources, will be attending the PDAC Convention 2025. Meet us in Toronto, Canada, and learn more about our projects.For more information, contact us at mentordemi@gmail.com or info@wtrltd.com |
But you were talking about houses? Never mind lol |
Was responding to your location location location. Not an attack, just posting information |
Xow - Not me fella, Caledonia mining and some analyst or other
Just posting information, no need to attack the messenger. |
At least in Turkey when we can't keep 100% we get paid something for the bit we have to give up.
Dokwe has so much potential I think the real problem here is not Zimbabwe country-risk, it's Ariana management-risk. The Zimbabwe situation has just shone a bright light on the failings of the management. |
reminds me of a well known established countries |
If you are interested in a pertinent view on Zimbabwe listen to the BRR media interview from Cape Town. |
Xow, location location location!But what has that got to do with Zim mines making good money for Caledonian?? |
For clarity:In our view, âZimbabwe riskâ is overstated. Certainly, from an operationalperspective, currency apart, Zimbabwe has been comparatively stable -and far less risky than the likes of Mali, Burkina Faso, Niger and Sudan inAfrica, and Chile and Mexico in the Americas (just to name a few). |
Least ugly house on a bad street? |
CALEDONIA
We believe Caledonia’s highly-prospective and contiguous Bilboes-Motapa
projects (Initial Motapa drill results encourage; we expect synergies with
Bilboes; 11 November 2024) would be the sort of potential scale to be of
interest to mid-tier producers (a new Bilboes feasibility study is due later in
Q1’25).
In our view, ‘Zimbabwe risk’ is overstated. Certainly, from an operational
perspective, currency apart, Zimbabwe has been comparatively stable -
and far less risky than the likes of Mali, Burkina Faso, Niger and Sudan in
Africa, and Chile and Mexico in the Americas (just to name a few). |
Plasbrn
Funny how these keyboards warriors always seen to have had the wisdom to sell at the very peak even though it was available for a few hours. You wait, if AAU is 3p in a couple of days him/ her/ it will claim to have bought today. |
Overnight the price of gold futures rose to over $2,953 an ounce, with a growing number of global pressures adding to demand for the yellow metal.
The activity on the Chinese gold market appears to have stayed true to its seasonal pattern and it is suggested that there has been a follow-through of strong buying.
In China, it is reported that there is now a pilot programme allowing 10 insurance firms to invest up to 1% of their holdings in gold equivalent to a CNY 200bn or some $27bn in new demand.
This marks the first commodity that Chinese insurers have been explicitly permitted to invest in and the policy potentially signals that Chinese authorities recognise gold as an investment alternative as property sector struggles... |
Opened on tbe price tick. Be an interesting close. Could be news today with that opening price. |
Thanks Xow. It really is painful reading all these articles about Zimbabwe, its economy and its government. Less than ideal, doesn't even cover it..... |
If he was in this from close to the beginning and sold at 6p he made a big loss. It didn't come down to 6p until about two years after IPO. |
Surprised those replying haven’t filtered yet. Responses are what they feed off |
What a plonker. Deserves filtering |
Well done you Cinoub. Hope you get satisfaction and enjoyment from gloating. Hope it strokes your ego and makes you feel holier than thou. Somehow i doubt it. Graciousness is far more satisfying and good for the soul. |
Janes dad or mum, you could have fooled me. I was in this from close too the beginning but had the good sense to take my profit and go too the next one when it hit 6p a share, So who's the fool you or me as I banked my profits and I doubt you have banked just a soar head. you invest to grow your money I was always told and see it shrink to sweet f.a. |
None of us are asleep, none of us are perthetic, However most of us are literate and can spell so kindly keep your pathetic (note spelling) comments to yourself. |
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