Ariana Resources Share Discussion Threads

[shortarm] 13/12/2023 12:28

Overly enthusiastic in my case :-DOr stoopid?

[plasybryn] 13/12/2023 12:14

Are we all delusional, naive or is there another more acceptable reason.

[charles clore] 13/12/2023 12:11

Soul - all I was saying is it is shocking to think how wrong most of us were in our estimation of the company's progress this year. Easy to be wise in hindsight.

[shortarm] 13/12/2023 11:27

The actual last one lol:
.
Details of Exploration Partnership




Initial option stage: FQM commits to sole fund acquisition costs and a work program of not less than US$500,000 within two years for each Project.
First option to earn-in stage: FQM may subsequently earn a 51% interest in a Project within four years by completing the following:
Funding a minimum US$5,000,000 of exploration expenditure inclusive of not less than 7,500m of diamond drilling, while maintaining annual minimum spend off not less than US$500,000.
Upon satisfying the first option requirements, Pallas shall receive a cash milestone payment of US$2,000,000 and be granted an NSR Royalty over the Project.
Second option stage: FQM may subsequently earn into an 80% interest in a Project by completing the following:
Defining a minimum resource of 1Mt contained copper equivalent.
Maintaining annual expenditure on the Project of US$1,000,000.
Completing a study demonstrating the technical and economic viability of the Project and preparing a development proposal in form and substance sufficient to present to arm’s length institutional financiers.
Making a public decision to mine.
Making a cash payment to Pallas of US$5,000,000.
Loan carry to commercial production: On completion of the second option stage, Pallas may elect to contribute or reduce its remaining equity interest in the Project from 20% to 15% in return for FQM funding Pallas’ share of project development costs to commercial production. Such loan shall be repaid to FQM from 50% of Pallas’ portion of free cash flow generated by the Project upon entering commercial production.
Pallas will receive certain annual cash payments and a cash management fee while the operator of the Project.
The partnership is at all times subject to compliance with Kazakhstan subsoil use and environmental laws and regulations, including but not limited to obtaining prior consents of the Republic of Kazakhstan Ministry of Industry and Construction for the transfer of objects connected with subsoil use.

[shortarm] 13/12/2023 11:26

Last bit:
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Highlights of the Exploration Partnership




Exploration partnership which includes a multi-stage option and earn-in agreement, with Pallas having the ability to remain free-carried through the definition of >1Mt copper resource, completion of economic studies and decision to mine.
Pallas retains both equity and a royalty at decision to mine stage; and can elect to be fully funded into production by way of a loan from FQM.
Formation of a working technical committee with FQM bringing deep technical expertise related to the exploration and development of major copper systems.
Pallas receives certain cash milestone payments on completion of different earn-in stages, alongside annual cash payments and a management fee while the operator of the Project


Highlights of the newly acquired Aktogay West (377km2) Copper Project




Aktogay West is a highly prospective brownfields project on the doorstep of the Aktogay Complex, which hosts >12Mt contained copper and produces 225kt annually.
Project located in Kazakhstan’s most well-endowed copper-porphyry terrain with several major producing copper mines, including Aktogay.
Exploration will target porphyry clusters adjacent to the existing Aktogay Camp under shallow cover. Several distinct magnetic high trends run directly from the Aktogay Open Pit into the Aktogay West licence area.
Shallow (<150m) Quaternary to Permian cover exists within Aktogay West which has limited modern exploration despite the obvious brownfield’s nature of the target.
Mineral occurrences (copper, gold, lead) with similar geology and setting as Aktogay observed outcropping in the north of the Aktogay West licence.
Aggressive exploration campaign proposed with drilling planned for Year 2.

[shortarm] 13/12/2023 11:25

Simon Says:
.
Simon Cooper (CEO & Director, Pallas Resources): "We are thrilled to partner with First Quantum on the search for significant copper deposits across Kazakhstan’s globally significant mineral belts. As one of the world’s largest copper producers, First Quantum brings extensive technical expertise in both porphyry and sediment-hosted copper settings. Our recently acquired Aktogay West Project, located adjacent to a major copper producer, underscores the potential in Kazakhstan - a convergence of world-class belts with significant existing endowment coupled with untested remaining prospectivity.”;

[shortarm] 13/12/2023 11:25

Sounds good!
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Summary

Definitive option and joint-venture agreement executed with First Quantum Minerals, one of the world’s largest copper producers.
Targeting porphyry and sediment-hosted copper systems of >5Mt contained copper within predefined areas of interest in Kazakhstan’s world-class mineral belts.
The agreement covers the newly acquired Aktogay West (377km2) Copper Project. Additional projects are under consideration.
Aktogay West is a highly prospective brownfields project on the doorstep of the Aktogay Mine, which hosts 12Mt contained copper and produces >225kt annually.

[shortarm] 13/12/2023 11:24

PALLAS Resources:

Exploration Partnership with Global Copper Major and Acquisition of the Aktogay West Project

[plasybryn] 13/12/2023 10:29

Can you tell us how you arrive at your perceptive prediction of 1.8pDid you expect Tavsan etc to be delayed. Genuinely interested. Do you expect 2024 to be better.

[kaos3] 13/12/2023 10:11

i learned it all from the bible ... story about 2 sons

my model is the yunger son.... having good time... while other work .... and after the years of dilligent work /of others, supporting the farm/ he returns /to AAU/ and gets the cream love and party

my idea for AAU

let them do

[soulsauce] 13/12/2023 10:06

What's shocking about it Charles? It's been another year of ever lengthening time lines and frustration at the company on many levels in a dire market.
The funniest thing is Different World's entry 🤣

[thanksamillion] 13/12/2023 10:05

I thought about maybe a dead duck! But no I have a trophy ready (Gif)

[zangdook] 13/12/2023 09:54

don't want to count my chickens or anything, but what's the prize? :-)

[xow98] 13/12/2023 09:49

zangdook looks prety close at 1.8

[charles clore] 13/12/2023 09:46

So nobody came within a mile of reality. Shocking really!!

[thanksamillion] 13/12/2023 09:40

Just to remind ourselves.
-------------------------

2023 high 2023 year end

JAF1948---------------------------- 3.750 2.75
Zangdook--------------------------- 3.600 1.80
kaos3------------------------------ 3.600 3.20
Claretandbluedave------------------ 3.500 3.30
Temujiin--------------------------- 3.900 3.45
D1G3Y------------------------------ 3.700 3.50
Jaynesdad ------------------------- 3.850 3.65
JD 1965---------------------------- 4.300 3.70
Bodgit----------------------------- 4.400 3.90
steviec1--------------------------- 3.800 4.00
Run12------------------------------ 4.600 4.15
philby1---------------------------- 6.000 4.30
Doinnuthing------------------------ 4.650 4.35
Charles Clore --------------------- 4.900 4.40
Lottsgold-------------------------- 5.000 4.50
IronStorm-------------------------- 5.400 4.69
Bostonli--------------------------- 4.700 4.70
Tigerchris1------------------------ 5.150 4.85
Coachsailor------------------------ 4.960 4.86
Dodie1----------------------------- 5.100 4.96
Dixi------------------------------- 6.750 5.50
Bonehanmer------------------------- 6.050 5.55
Thanksamillion -------------------- 6.875 6.20
Trevor1234------------------------- 6.450 6.25
Bigglesbingham--------------------- 6.500 6.50
pharmoutcomeszzz------------------- 8.000 7.00
Shortarm--------------------------- 7.500 7.25
paul280i -------------------------- 8.500 7.75
Differentworld -------------------- 12.000 10.00
Renniks---------------------------- 11.800 10.26



Late Entry Associates
Plasybryn-------------------------- ------ 5.50

[shortarm] 13/12/2023 06:25

My 7.5p high and 7.25 year end do seem a tad optimistic right now lol.On the plus side I now have many more of these that I thought possible - even a tiny dividend will now be a substantial amount of money! (To buy more AAU with lol)

[xow98] 12/12/2023 21:24

Not sure the gold price has that significant an effect. Production is the major factor affecting share price

[jaf1948] 12/12/2023 20:24

I think I was under 3p at 2.75p but I may be wrong.

[soulsauce] 12/12/2023 19:29

I wouldn't be surprised if the top 3rd of guesses were still a tad optimistic for next year.
A lot depends on where gold goes I suspect.

[paul280i] 12/12/2023 19:26

Just looking at the predictions and only Zangdook was under 3p for year at 1.8

[thanksamillion] 12/12/2023 19:02

Hello!

It is still on but very few will be near the mark at today's share price


Happy New year maybe.

[charles clore] 12/12/2023 18:08

A little bit of selling before Xmas and I'm predicting a lot of buying in the new year. If you're winding down already then I'll wish you and all the other posters here a merry xmas and a happy and very prosperous new year.

[bodgit] 12/12/2023 17:49

Plasbryn, I think it was thanksamillion. Personally I would be interested to see the results for this year though unless something dramatic happens in the next few days I know I wont win, I wasn't pessimistic enough. Gla.