Empire Metals Share Discussion Threads

[vlad the impaler] 17/4/2024 07:40

I thought some would suggest a moderate fee

Smart4817 Apr '24 - 07:36 - 487 of 487
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Simplified clear agreement now.
Century for a moderate cash fee have waived their rights to further payments on the discovery of gold or copper

...

OK....waived rights for nearly nothing. Says much about outlook 😂

[vlad the impaler] 17/4/2024 07:38

No bulls ere

[thanatos abysss] 17/4/2024 07:37

LOON ALERT

[vlad the impaler] 17/4/2024 07:37

£129000 to redefine. an already assumed paragraph . Happy birthday lads

[smart48] 17/4/2024 07:36

Simplified clear agreement now.
Century for a moderate cash fee have waived their rights to further payments on the discovery of gold or copper.

Just hope that Narelle is working her magic in the laboratory!

[vlad the impaler] 17/4/2024 07:36

Waited weeks now. Are none of you going to give reports from past explorations?

BTW, any satellites sanctioned to probe that area in the past 15 years?

Do you know where to look?

[thanatos abysss] 17/4/2024 07:35

LOON ALERT

[geko5trade] 17/4/2024 07:34

SOS100 yes I think AGEOS pointed out that a small part of the current campaign likely overlaps an area highlighted by historic drilling. This isn’t the only potential area for copper or other minerals. My guess is the focus remains on the Ti but they are including a little probing to build up their knowledge of the immense system.

[vlad the impaler] 17/4/2024 07:32

RNS should have simply said

'Thanks gerbils'

😂

[saracen3] 17/4/2024 07:30

SQUEEZE SQUEEZE SQUEEZE SQUEEZE SQUEEZE SQUEEZE SQUEEZE

[vlad the impaler] 17/4/2024 07:30

bspgamer17 Apr '24 - 07:22 - 485 of 485
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It was alway called the land of giants, I’m convinced we are going to hit over minerals. You don’t have a world class, super high quality mineral rich titanium project and no bi minerals are present!!

...

Actually there are many titanium fields with nothing else present. Il draw up the priducer list later and yku can see 'other findings'

Highly suggesting there is nothing else there

Also, we have gone through the titanium market . Its not worth finding

[vlad the impaler] 17/4/2024 07:24

That was some cash extraction. But I read elsewhere it wasn't much

OK then, if it was peanuts, and required, century obviously had them bty he balls. Why allow redefining for peanuts foresees value?

Also, if it was so required, how did management manage to leave themselves exposed initially?

Strong cash position? We will be looking at that tonight

Nice @real cash extraction for the boys

Fast summary

EEE doing what it has always done best. Found ways to extract cash from bank , not value from ground

[bspgamer] 17/4/2024 07:22

It was alway called the land of giants, I'm convinced we are going to hit over minerals. You don't have a world class, super high quality mineral rich titanium project and no bi minerals are present!!

[sos100] 17/4/2024 07:20

Timing is interesting....

Copper suppose to be in the area there drilling now?

[bspgamer] 17/4/2024 07:17

Empire Metals Limited / LON: EEE / Sector: Natural Resources17 April 2024Empire Metals Limited("Empire" or "the Company") Pitfield Project Joint Venture Agreement to Include All Minerals Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce that the terms of the Joint Venture Agreement ('JV') covering the Pitfield Project in Western Australia ('Pitfield' or the 'Project') have been amended to include all minerals discovered within the Project tenements. Under the revised terms of the 70% Empire and 30% Century Minerals Pty Ltd ('Century') JV, there are no exemptions or other separate mineral rights applying to Pitfield. The consolidation of all minerals under the one JV simplifies the ownership structure and eliminates the potential for multiple parties to be working on the same ground, exploring for different commodities and allows for the continued rapid development of Pitfield. Highlights · Under the original terms of the Sale and Purchase Agreement (dated 6th April 2022) Century retained 100% of the rights to Mineral Sands and the JV retained 100% of all mineral rights to any and all bedrock mineral deposits, inclusive of titanium minerals. · Although both Empire and Century have made it clear that the titanium mineralisation discovered at Pitfield, hosted within the bedded sedimentary bedrock, was not classified as Mineral Sands and thus formed part of the existing JV property, the consolidation of all minerals under the JV prevents other potential third parties in the future from exploring for other minerals and allows for the continued and unencumbered development of Pitfield. · Under the amended agreement, Empire has secured a redefinition of rights at the Pitfield Project, to 70% of all minerals present regardless of their physical or chemical nature, for a consideration of A$250,000 (approximately £129,000). This investment is aimed at continuing to create value for all shareholders. · The consideration will be funded from existing cash reserves and will not impact the Company's strong financial position and fully funded work programmes. Ed Baltis, Century Director and Major Shareholder, said: "We always held the view that Pitfield had the potential of becoming a world class mining project and we are delighted with the progress that is being made towards that goal under the stewardship of Empire Metals. The fact that the titanium-rich mineral system discovered at Pitfield is not a mineral sands deposit was never in question, and both Empire and Century have worked together to first explore the extent of this extraordinary mineral system and then to identify geological controls that define the higher grades. The consolidation of all minerals under the JV was a logical and strategically important next step, one that supports Empire and allows them to focus on unlocking the inherent value of this huge titanium-rich mineral system." Shaun Bunn, Managing Director, said: "I am extremely pleased that, in collaboration with Century, all minerals discovered at Pitfield will be owned by the JV in which Empire, as the 70% majority owner, acts as manager and operator. This not only simplifies the ownership structure it also removes any perceived ambiguity in relation to distinguishing the difference between bedrock hosted titanium minerals and surface mineral sands. We have a great working relationship with Century, whose principals have personally assisted our exploration team in planning and executing the field work to date."

[geko5trade] 17/4/2024 07:14

GTA5, I don’t know whether you got a reply but you did get an RNS! Clearly since they were drawing this up it was right on this occasion to hold off replying since it starts to get messy. This is in keeping with SB’s style of management. Face any issue or potential issue head on and deal with it openly and thoroughly.

[vlad the impaler] 17/4/2024 07:13

We will be having fun with this RNS this evening

Bora Boraaaaaa

[geko5trade] 17/4/2024 07:10

Well that clears things up without the possibility of any ambiguity. It also demonstrates that the relationship between EEE and Century is, as previously stated, a very healthy and productive one.

[vlad the impaler] 17/4/2024 07:10

£129000 to redefine what was already assumed by investors

Somebody must be going on holidays haha

[vlad the impaler] 17/4/2024 07:06

Well that was some RNS. These guys for real?

Be breaking that one down later

[thanatos abysss] 16/4/2024 22:35

Loon alert

[vlad the impaler] 16/4/2024 21:44

The French clocked off 10 hours ago for twice the pay you dim knuts