Core Vct I Share Discussion Threads

[the chairman elect] 18/1/2023 07:45

Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining

Start of Phase II Soil Sampling Programme

40% of the 2,491 Planned Soil Samples Completed



Firering Strategic Minerals plc, an exploration company focusing on critical minerals, is pleased to announce the commencement of its large-scale Phase II Soil Sampling Programme at its flagship Atex Lithium-Tantalum Project ("Atex"), in Côte d'Ivoire. The Phase II Programme is being undertaken in conjunction with Ricca Resources Limited ("Ricca") following its US$18.6 million investment to advance Atex to Definitive Feasibility Study ("DFS") announced on 2 November 2022.



Highlights:



· Two new pegmatite zones identified; one on each side of the main strike

· 993 soil samples taken out of a planned 2,491 samples

· 673 soil samples prepared for analysis with portable x-ray fluorescence spectrometry ("pXRF") and Laser Induced Breakdown Spectrometry ("LIBS")

· Coremet commenced coltan test work



Yuval Cohen, Chief Executive of Firering, said:



"After the successful completion of our Phase I diamond drilling programme and partnering with Ricca for the next phase of exploration, I am pleased to announce that Phase II of our planned soil sampling programme started on 9 January 2023. A total of 993 soil samples, approximately 40% of a planned total of 2,491 samples, were completed with 673 prepared for analysis with pXRF and LIBS.



"Particularly encouraging are the two new pegmatite zones found and mapped during the soil sampling exercise. Based on the current progress, we believe that our soil sampling programme will be completed ahead of time. I am looking forward to receiving the results and updating the market in due course."

[noirua] 17/1/2023 14:34

More than doubled holding in QBT Quantum Blockchain at just under 1.9p, the average is now around 2p paid - going for it and to hell with it.

[the chairman elect] 17/1/2023 14:10

STOCK WATCH over at southern Africa COPPER play ARC Minerals / LSE:ARCM who are by all accounts about to get into bed [JV] with the MAJOR by the name of ANGLO AMERICAN

[noirua] 17/1/2023 11:14

Increased holding in QBT by 43% at 1.87p.

[noirua] 17/1/2023 10:56

QBT has fallen and looking to average down shortly. Wrong call here - too much confidence.

[noirua] 17/1/2023 10:17

Flying Nickel Reports Multiple Platinum and Palladium Intersections of Upto 9.4g/t From Historic Minago Drill Holes. Further PGM Assays Pending from 97 Drill Holes (7,061 meters of sections)

Vancouver, British Columbia, January 16, 2023 – Flying Nickel Mining Corp. (“Flying Nickel” or the “Company”) (TSX-V:FLYN, OTCQB:FLYNF) announces it has engaged SGS Canada and started assaying platinum, palladium, and gold from 97 past drill holes (totaling 7,061 meters in drilling) from the Company’s 100% owned Minago Nickel Platinum-Group-Metals project (the “Minago Project”). Rolling assay results will start becoming available in early March. This platinum-group-metals (“PGM”) assay program is scheduled to complete in June 2023, potentially leading to a maiden Minago PGM resource.

The Minago Project is located in Canada’s Thompson Nickel Belt and currently has a NI 43-101 compliant open-pit optimized and underground, Measured and Indicated resource of 44.2 million tonnes grading 0.74% Ni (722 million lbs contained nickel) and Inferred resource of 19.6 million tonnes grading 0.74% Ni (319 million lbs contained nickel). The resource split is approximately 78% Nose deposit and 22% North Limb deposit at Minago. This technical report, completed by Mercator and AGP, has an effective date of February 28, 2022, and is available under the Company’s profile on SEDAR.

There has been cumulative 90,783 meters of drilling at the Minago Project by 6 operators since 1966. Additionally, Flying Nickel drilled 2,718 meters in 2022 since acquiring the Minago Project in February 2021. Upon detailed review of Minago Project data set, the Company noted:

1. 118 of 150 boreholes (79%) that intersected the proposed Nose deposit pit shell are missing PGM assays. Prior operators may have only been interested in nickel due to the low value of PGM at the time. Across the entire Minago Project, only 52 boreholes contain PGM analysis.

[the chairman elect] 17/1/2023 07:50

APA Signed - Conditional Sale of Maria Discovery



United Oil & Gas Plc (AIM: "UOG"), the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce that it has entered into a binding Asset Purchase Agreement ("APA") with Quattro Energy Limited ("Quattro") to sell UK Central North Sea Licence P2519 containing the Maria discovery in Block 15/18e ("the Licence") for a maximum consideration including contingent bonus payments of up to 5.7 million (c.US$6.95 million) (the "Transaction") as set out below.

Consideration comprises:

- Initial cash payment of 2.45 million to United (c.US$3 million) at completion.

- An additional £1.0 million to be paid to United upon approval of an FDP (expected late 2023) for Block 15/18e.

- Contingent bonus payments of up to £2.25 million upon reaching gross production thresholds from the field of three, four and five million barrels.

The completion of the APA is subject to a number of pre-conditions including the North Sea Transition Authority ("NSTA") approval to the Licence acquisition and Quattro having available an amount equal to the completion payment of £2.45 million in cash. It is anticipated that completion of the APA will be within 90 days from this announcement.

The divestment of the Licence reflects United's strategy to focus its new ventures programme on opportunities in the Greater Mediterranean and North Africa whilst remaining opportunistic for value accretive transactions outside of these core areas.

Following completion of this transaction, the Company will consider options to use a portion of the proceeds received to fund a limited share buyback programme and therefore intends to seek the requisite shareholder approvals at this year's Annual General Meeting to approve such a programme. The funds not used on the buyback programme will further strengthen the Group's balance sheet and support the growth strategy of the Group.

United was awarded Licence P2519, in the UK Oil and Gas Authority ("OGA" now known as NSTA) 32nd Licencing Round in December 2020. Licence P2519 includes the Maria Discovery in Block 15/18e. United holds a 100% equity interest and it has a carrying value of c.£0.7million (c.US$0.85 million) as at 31 December 2022 (as per the Company's unaudited management accounts). The Licence has an independently audited mid-case 2C gross contingent resource estimate of 6.3 mmbbls and 23.3Bcf (10.2 mmboe). The Licence was formerly subject to a disposal to Quattro which did not complete as per the announcement on 3 March 2022.

Quattro is a UK company, incorporated in April 2021 with an experienced North Sea focused management team, which as separately announced today is entering into a binding agreement to be acquired by Jesmond Capital Ltd ("Jesmond"), a Canadian company listed on the Toronto Stock Exchange (TSXV JES.P). In conjunction with the acquisition of Quattro by Jesmond and listing of the enlarged entity on the TSXV, the parties will be conducting a financing which is required by them to fund the completion of the acquisition of the Licence.

United Chief Executive Officer, Brian Larkin commented:

"Active portfolio management, to realise value from our assets, has always been a key part of United's strategy. We are pleased to be signing the APA with Quattro, who have agreed a materially higher maximum consideration than in 2021, reflecting the increased value of the Licence following the work completed by our technical team over the last 12 months. Whilst the Company explored options whereby we participated directly in the future development of Maria, we ultimately believe that monetising the Maria discovery at this time provides us with a significant return from our investment and gives us additional capital to continue to execute our ambition to grow the business in our core focus areas in the Greater Mediterranean and North Africa regions. We wish Quattro all the very best for their new venture."

[noirua] 16/1/2023 20:13

Purchased shares in Quantum Blockchain QBT at an average of 2.185p ish.
Sold remaining shares in ARB for a 76% profit - probably wrong but big profits have not come my way in 2022 only continuous losses so 2023 may just be better.
Updated due to price error

[noirua] 13/1/2023 16:24

Sold half of ARB for a 42% profit.

[noirua] 13/1/2023 11:40

I'm looking more closely at EVG Evgen Pharma. Sold down on realisation that the $400 million deal would be over 10 to 15 years and profitability over that time unknown. The shares rightly fell out of bed as analysts run their fingers over the situation.

[noirua] 13/1/2023 11:28

FRG Firerings Strategic is doing quite poorly possibly because some investors have lost faith that drilling results will improve.

[noirua] 13/1/2023 11:19

I'm a bit red faced as VEL shot up after selling. The money is in ARB at just under 9p so I'm hoping for 13.5p to get ahead. To get back in profit after a poor 2022 33p is needed but unlikely - mainly because of impatience on my part.

[the chairman elect] 13/1/2023 09:50

STOCK WATCH //// ARC Minerals / LSE:ARCM //// Awaiting on a JV [copper] in Zambia with a MAJOR namely Anglo American ahead of Indaba early next month - just saying like!

[the chairman elect] 13/1/2023 07:31

KAVANGO RESOURCES PLC / LSE:KAV

KCB - Drilling to restart at PL082

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") is pleased to announce that drilling is about to restart on the Company's Kalahari Copper Belt ("KCB") project area following a scheduled summer break.

HIGHLIGHTS

- Hole KCBRD006

o Kavango will recommence drilling on the sixth and final hole in the current drilling programme on prospecting licence ("PL") PL082/2018 this weekend

o Upon completion, the Company expects to have drilled around 1,640m in the programme, exceeding its original guidance

- KCBRD006 is targeting a major stratigraphic structure identified by its Controlled-Source Audio MagnetoTelluric ("CSAMT") surveying

o Kavango has interpreted the CSAMT data as indicating the presence of a D'Kar/Ngwako Pan horizon contact. This is the primary control for economic copper/silver mineralisation in the KCB

§ The Company's analysis identifies this as a continuation of the horizon hosting Sandfire Resources' (ASX:SFR) neighbouring Kronos copper target zone

o Physical confirmation of the contact's presence will validate the Company's use of CSAMT as a KCB exploration tool

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"Through our innovative use of CSAMT, Kavango has identified major structures for the first time on our KCB licences. Our ongoing drill programme has subsequently confirmed these to be associated with deformation, fluid flow, and alteration. This could be a game changer in exploration for a new generation of drill targets on the KCB.

Given the large size of our KCB licence package, Kavango is currently working to optimise and prioritise these. Our COO Brett Grist is presently in Botswana with our senior consultants, the results of which work are expected to refine our 2023 KCB exploration strategy."

[the chairman elect] 12/1/2023 12:25

STOCK WATCH

Tirupati Graphite / LSE:TGR

Keep 'em peeled over @ TGR

[the chairman elect] 12/1/2023 11:00

"Darktrace is a multi-year ‘buy’ for Berenberg"

Berenberg is looking past the latest setback at Darktrace (LSE:DARK) after the cybersecurity firm’s shares tumbled on news of a slump in new customer wins.

Analyst Benjamin May retained his ‘buy’ recommendation and target price of 600p on the stock, believing it was still a ‘multi-year pick’.

The shares plunged 14.6%, or 43p, to 250.5p, fractionally above their April 2021 flotation price of 250p, taking their 12-month decline to 40%.

The latest selloff came after a half-year trading statement in which Darktrace cut its revenue forecast, saying prospective customers were more reluctant to run product trials in the worsening economic environment, sending its shares below their 2021 listing price.

It expected its constant currency annual recurring revenue (ARR) to increase between 29% and 31.5% in the year to 30 June, down from its previous forecast of 31% to 34%.

‘This was due to a combination of economic worries and spill-over fears after cybersecurity bellwether Crowdstrike guided in late November to elongations in mid-market sales cycles and a possible impact on annual recurring revenue growth,’ he said.

‘Ultimately, the company is in a strong position both in the short and long term,’ he said."

[the chairman elect] 12/1/2023 10:55

Arkle Resources* (ARK LN) 0.67p, Mkt Cap £2.3m – Identification of Lithium-bearing pegmatites in Mine River Block, Ireland

Arkle resources announces the identification of lithium bearing pegmatites at its Mine River Block licence package on the Wexford/Wicklow border.

Over 34 rock chip samples, six returned lithium grades over 0.02% Li2O..

Highlights included:

420 ppm Li, or 0.090% Li2O, 273ppm, 35ppm Cs, 1ppm Ta
150ppm Li or 0.032% Li2O, 379ppm Rb, 47ppm Cs, 1ppm Ta
100ppm Li or 0.022% Li2O, 239ppm Rb, 15ppm Cs, 13ppm Ta

Sampling was conducted across pegmatite rock boulders mapped around granite bodies.
The Company also notes identifying pathfinder elements for lithium, specifically Caesium, Rubidium and Tantalum over elevated lithium pegmatites.

Arkle has identified fault NW SE trending fault structures and recently identified mafic and ultramafic bodies to the south-east of the Mine River Block for further analysis.

Arkle’s Chair, John Teeling, notes that Arkle has ‘now found the rock type needed, pegmatites, and in the pegmatites found lithium and other indicator minerals.’

The team hopes to resume further ground-level exploration work in the near future, with follow-up soil surveys looking to offer targets for trenching and subsequent drilling.

Conclusion: Arkle’s decision to shift its primary focus from gold to lithium opportunities presents an exciting next stage in the Company’s development and early-stage exploration efforts offer encouragement going forward. We await updates from further ground-level exploration work on the Wexford/Wicklow border. Arkle’s Mine River Block lies in the vicinity of the lithium-bearing Leinster Granite, where a JV between the International Lithium Corp and Ganfeng is currently in development.

*SP Angel are Nomad and broker to Arkle Resources

[noirua] 12/1/2023 10:28

I've sold all my shares in VEL Velocity Composites for a 7.8% profit.

[the chairman elect] 12/1/2023 09:30

Arkle Resources plc (ARK.L)* 12 Jan 2023
Price: 0.58p
MCp: £2.3m
Tck: ARK.L
Sector: Resources
Comm: Gold, Base Metals, Lithium
Recommendation: Buy
Lithium Discovery at Mine River

Arkle Resources (ARK.L) this morning announced the discovery of lithium bearing pegmatites on its Mine River licence, with 6 assayed rock chip samples showing lithium grades of over 0.02% lithium, one of which was 0.09%. Enriched levels of caesium, rubidium and tantalum were also found, which correlated with the elevated lithium grades and are known to be pathfinder elements for lithium.

FEQ Comment

These are encouraging results which provide early evidence that the Mine River licence could contain lithium caesium tantalum pegmatite deposits and provide close-ology proof of concept, given the projects proximity to the known lithium bearing Leinster Granite to the west.

It also helps to change the perception of Arkle Resources being solely a gold and base metal focused exploration company, with exposure now to a vital battery metal commodity. Increasing demand for lithium in anticipation of the global adoption of electric vehicles, has led to prices increasing by around 10-fold since the start of this decade.

In addition to the Mine River lithium prospective project in Ireland, Arkle also holds three lithium licences in Zimbabwe, which were granted in June last year.

The very low current market cap of around £2.2m does not reflect the now wider focus being pursued in the exciting exploration arena of lithium. Furthermore, it does not price in Arkle’s 23.44% interest in its Stonepark Zinc JV with Group Eleven and potential for the zinc/lead resource deposit to be expanded or/and any future value realisation event.

With these thoughts in mind, and prospect of further near-term lithium focused news flow at Mine River, we continue to recommend the shares as a ‘Buy’.

[noirua] 12/1/2023 08:13

More encouraging this morning with ARB Argo Blockchain, EVG Velocity Composites, and FRG Firerings Strategic all on the profitable ground. May not last though some shares are doing a little better now as long as bad news doesn't floor them.

[the chairman elect] 12/1/2023 07:44

United Oil and Gas plc / LSE:UOG

Contingent Resources Report on the Maria Discovery, Central North Sea

United Oil & Gas PLC (AIM: "UOG"), the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets, is pleased to announce the results of an independent contingent resources audit conducted by Gaffney, Cline & Associates Limited ("GaffneyCline") on the Maria Discovery ("Maria"), in Licence P2519, located in the UK Central North Sea (CNS). United holds a 100% working interest in the licence.

Summary

- Mid-case 2C gross contingent resources for the Forties and Dornoch reservoirs of the Maria discovery are estimated at 6.3 mmbbls and 23.3Bcf (10.2 mmboe)

- The range of resources estimated at Maria ranges from 3.3 mmbbls and 13.2 Bcf (5.5 mmboe) in the 1C case to 11.1 mmbbls and 39.3 Bcf (17.7 mmboe) in the 3C case

United Chief Executive Officer, Brian Larkin commented:

" The independent audit further validates the work produced by our inhouse technical team, providing an independent mid-case estimate of 10.2 mmboe contingent resources at the Maria discovery. The report highlights the value of our 100% interest in this late stage appraisal and development asset that has the potential to deliver significant near term value to our shareholders. We are making good progress on potential options to maximise shareholder value from this licence and will provide further updates in due course."

[the chairman elect] 12/1/2023 07:40

Lithium bearing pegmatites discovered at Mine River



Arkle (AIM: ARK) is delighted to announce the discovery of lithium (Li2O) bearing pegmatites in its Mine River Block on the Wexford/Wicklow border in Ireland. Of the 34 rock chip samples collected late last year, six returned lithium grades over 0.02% Li2O with one sample assaying 0.09% Li2O from the Bunclody area. Elevated lithium also correlated with enriched levels of Caesium (Cs) Rubidium (Rb) and Tantalum (Ta), which are known pathfinder elements for Lithium. The Directors believe these results are compelling as it suggests the Mine River Block is fertile for Lithium Caesium Tantalum (LCT) pegmatite deposits.



John Teeling, Chairman of Arkle, commented : "These are exciting results. We have discovered lithium on our licences. We found the rock type needed, pegmatites, and in the pegmatites found lithium and other indicator minerals. This opens compelling new opportunities for our Mine River Block. Prospecting will resume in the near future".

[noirua] 11/1/2023 11:57

One share in positive territory is ASX BUX Buxton Resources at 11.5c. ASX JMS Jupiter Mines purchased at 21c are at 23.5c on a yield of 11% at 21c.

-----

Noirua - 22 Aug 2022 - 12:29:14 - 11706 of 11968 TOP TRADERS THREAD for PROFESSIONALS ONLY!!!! - CR
Purchased 60,000 more shares in ASX: BUX Buxton Resources at 10c.

Previous purchases were made last year at 8.8c which averages about 9.4c.

----

Funds partly from the sale of 3.3m shares in Red Rock at an average price of 0.61p - profit 48% on Friday. Though most needed to cover an outstanding position that arrived a few days earlier than expected.

[noirua] 11/1/2023 11:52

C4XD is another share not doing well. Has fallen well back but will hold on at this level.

.....

Noirua - 28 Nov 2022 - 09:01:11 - 11911 of 11967 TOP TRADERS THREAD for PROFESSIONALS ONLY!!!! - CR
Bought C4XD for average 26.95p.