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FRG Firering Strategic Minerals Plc

0.00 (0.0%)
07 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Firering Strategic Minerals Plc LSE:FRG London Ordinary Share CY0109692117 ORD EUR0.001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 4.90 6,103 08:00:06
Bid Price Offer Price High Price Low Price Open Price
4.80 5.00 4.90 4.90 4.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec EUR 1.61M EUR -84k EUR -0.0008 -61.25 4.99M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:59:02 O 100 4.99 GBX

Firering Strategic Miner... (FRG) Latest News

Firering Strategic Miner... (FRG) Discussions and Chat

Firering Strategic Miner... Forums and Chat

Date Time Title Posts
16/10/202314:37Firering Strategic Minerals - focusing on the production of critical minerals416
15/5/201806:16Fraport (FRG) Numbers Revealed-
11/1/201014:06Flare Group (FRG) set to jump. My target is Ј2 in 2 years.3
14/2/200010:30flare group2

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Firering Strategic Miner... (FRG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-07 13:59:034.991004.99O
2023-12-07 11:49:424.99201.00O
2023-12-07 11:33:104.944,562225.36O
2023-12-07 09:05:444.941,21560.02O
2023-12-07 08:08:534.802069.89O

Firering Strategic Miner... (FRG) Top Chat Posts

Top Posts
Posted at 07/12/2023 08:20 by Firering Strategic Miner... Daily Update
Firering Strategic Minerals Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker FRG. The last closing price for Firering Strategic Miner... was 4.90p.
Firering Strategic Miner... currently has 101,836,699 shares in issue. The market capitalisation of Firering Strategic Miner... is £4,989,998.
Firering Strategic Miner... has a price to earnings ratio (PE ratio) of -61.25.
This morning FRG shares opened at 4.90p
Posted at 16/10/2023 10:56 by lord buffett
Yes, I've just increased my FRG holding for about 25% less than the very recent oversubscribed placing price!

Let's not forget that FRG is still primarily a lithium focussed company with, what I believe to be, a very significant and extensive lithium discovery - despite, what some might feel to be, the recent lime distraction.

Overall, your buying some very valuable/desirable assets for a market cap of about £5m.
Posted at 01/8/2023 08:49 by lord buffett
My analysis and thoughts on the 22nd June RNS:

My overall impression of this RNS is extremely encouraging, but the significance of the data was under-explained, and hence probably lost on most investors.

The key for me is as much about the rubidium maps/results in figures 1 and 2 as the lithium ones, not because anyone’s particularly interested in rubidium in and of itself, but because it is a strongly correlating indicator element for lithium mineralisation in fractionated pegmatite formations, especially in the surface weathered layer.

Other lithium explorers get quite excited when they see a maximum Rb concentration of 500ppm and typical concentrations of 250ppm. Atex soil samples yielded up to 2700ppm Rb, with typical concentrations in the range 646-1,163ppm (the red squares in figure 1).

Furthermore, lithium explorers often publish concentrations of other key/indicator elements in their assay results, notably tantalum and niobium which, by contrast to rubidium, are of particular relevance as far as Firering are concerned, as they are one of their primary exploration targets in the form of coltan.

An Nb:Ta (niobium to tantalum) ratio of less than 5 is considered to be a further strong indication of fractionated/lithium-bearing pegmatites and we know from a previous Firering presentation that their coltan is extremely tantalum-rich/high-grade at 73.75%; many times better than the strong indicator ratio - and occurring in particularly high concentrations.

Personally, I believe Firering are sitting on a very significant, high-quality lithium and coltan resource - and I suspect they do too. So much so that they couldn’t wait to start an 11,000m auger drilling campaign only four days after this RNS, on 26th June, with only half the soil sample results back – possibly due to an ‘embarrassment of riches’ scenario?

Youval Cohen, Firering’s Chief Executive, said: “It brings me great satisfaction to share with the market the progress resulting from our collaboration with Ricca, as we witness the realisation of an accelerated exploration pathway. By harnessing our collective expertise, we will propel the exploration process forward at an accelerated pace.”

Regarding the 11th July RNS:

This RNS indicated that they had commenced their Phase II Auger Drilling Campaign and gave an indication of its pace and progress, albeit having only just commenced. Initial indications are that they are drilling approximately 25 sub-surface auger holes per day, down below the weathered layer to an average depth of about 4.5m (ranging from 2-12m in depth), and sending end-of-hole samples off for further laboratory analysis.

By my rough calculation they will have drilled approximately 900 holes totalling some 4,000m in the last month, representing about 36% of the planned 11,000m Phase II Auger Drilling Campaign.

My opinion:

Firering is on a mission to prove up significant lithium and coltan resources. At a market cap of just £6m, and being fully funded to DFS by Ricca, this could prove to be a once-in-a-lifetime opportunity for Firering shareholders.

They may end up never mining it themselves, simply selling Atex at some point between MRE and DFS/BFS, to the highest bidder (possibly a Chinese company) for £100-200m, or whatever; who knows?

If the resource is there, which it appears to be, and the demand is there, the resource will be developed. All IMO, of course, DYOR. (There’s more clues out there, it just takes a bit of digging.)
Posted at 19/7/2023 23:39 by lord buffett
If they are similar, which I don't profess to know, FRG is thirteen times cheaper market cap-wise.

What I do know is that FRG is very cheap at present, relative to the third-party investment being ploughed into it, which is fully funding their exploration.
Posted at 19/7/2023 12:01 by lord buffett
Indeed Septblues,

You can buy about 220 Firering's for the price of Piedmont, and Firering have a massive spodumene resource in Cote D'Ivoire, which also contains valuable Tantalum and Niobium - it's a strange game, but therein lies the value!
Posted at 22/6/2023 09:36 by apotheki
Firering Strategic Minerals (FRG LN) 7.4p, Mkt Cap £6.6m – Soil anomalies encourage auger drilling programme at Atex Lithium-Tantalum Project, Côte d'Ivoire

Firering reports the completion of its large-scale Phase II soil sampling programme at its Atex Lithium-Tantalum Project in Côte d'Ivoire.

Firering is exploring the project alongside Ricca Resources*, which holds an option to acquire up to 50% of Atex after a $18.6m investment to progress the project towards DFS.

The JV undertook grid soil geochemistry and mapping, which identified six high-priority soil anomalies and a north-north-east striking orientation in line with previous mapping of outcropping pegmatites.

Soil anomalies identified by the JV lie adjacent to the Spodumene Hill occurrence, where drilling hit an oblique intersection of 64m apparent width @ 1.24% Li20, 25m @ 1.39%.

The anomalies hold Li, Rubidium and Niobium anomalies, which suggest ‘the presence of fractionated pegmatite.’

As a result of the encouraging soil anomalies, Firering and Ricca have planned 11,000m of Phase 1 auger drilling over a 160 x 20m grid.

Upon a successful Phase 1 auger programme, the Companies will look to undertake an 80 x 20m grid to define drill targets.

Firering and Ricca are aiming to develop a maiden lithium resource at Atex alongside building a tantalum/niobium pilot scale production plant for early revenues to fund exploration.

*Ricca Resources was spun out from Atlantic Lithium* and is looking to list on the ASX. *SP Angel acts as Nomad to Atlantic Lithium
Posted at 19/6/2023 08:00 by southernsong
This went oversold on the RSI last week so we might see the price firm a little bit over the coming sessions. Great time for an update from the company if they have anything positive to report. The final batch of soil sampling results is still to come and confirmation of the P11 auger drilling has begun would be most welcomed.

Personally I think they have probably already started drilling.

There seems to be a lag here between action on the ground and RNS'ing....but perhaps that's just my interpretation of events.

It's a very quiet stock with potentially a lot to come in H2 of this year. A scenario I generally like.

There are so few shares available that if P11 operations do brings some good results we should be in for a pretty much immediate rerate imo. The share price has eased into the 'add zone' for me.....just looking for some signs from the company re. P11.

All eyes on larger buy volumes arriving over the coming weeks.


AIMO etc
Posted at 30/5/2023 06:52 by southernsong
Firering Strategic Minerals PLC Phase II Soil Sampling Programme Completed
30/05/2023 7:00am
UK Regulatory (RNS & others)

Firering Strategic Miner... (LSE:FRG)
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Tuesday 30 May 2023

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RNS Number : 8634A

Firering Strategic Minerals PLC

30 May 2023

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

30 May 2023

Firering Strategic Minerals plc

("Firering" or "the Company")

Phase II Soil Sampling Programme Successfully Completed

14,116 samples sent to Ghana for pXRF and LIBS analysis

Firering Strategic Minerals plc, an exploration company focusing on critical minerals, is pleased to announce the successful completion 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 was 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(nd) November 2022.


-- Soil sampling programme completed; 14,116 soil samples taken, prepared and sent to Ghana for analysis by portable x-ray fluorescence spectrometry ("pXRF") and Laser Induced Breakdown Spectrometry ("LIBS");

-- Results for batches 1 to 7 and part of batch 8 (a total of 6,205 samples) received and plotted;

-- Several new and related pegmatite anomalies identified in the Atex licence area confirming areas of interest for auger drilling;

-- Final soil analysis and mapping to be concluded in the coming weeks to fine tune the auger drilling programme;

-- Coremet submitted its first draft report for the coltan test work concluding good response to magnetic separation and gravity concentration.

Yuval Cohen, Chief Executive of Firering, said:

"I am very pleased to announce that, after partnering with Ricca, we now have successfully completed our Phase II soil sampling programme, which commenced on 09 January 2023. A total of 14,116 soil samples were taken, prepared and sent to Ghana for pXRF and LIBS analysis. It is very encouraging that several pegmatite related anomalies have been identified, which will be considered as target in the next phase of auger drilling which will commence shortly.

"I am also pleased to announce that Cormet completed the coltan test work and submitted its draft report on 15 May 2023. Coremet's test work indicated that the material can be concentrated and resulted in an initial flowsheet for a gravity plant."

Soil Sampling

Phase II of the Atex soil sampling programme commenced on 9 January 2023 and was completed on 11 May 2023. A total of 14,116 soil samples were taken, prepared and sent to Ghana for pXRF and LIBS analysis (see Map 1 below). The results received have been interpreted and plotted for batches 1 to 7 and part of batch 8 (see Map 2 below). A further 7,911 results are pending, representing the remaining part of batch 8 and batches 9 to 11.

Map 1: Atex licence area, showing the completion of the Phase II soil sampling programme.

Map 2: Atex licence area, showing the lithium results from the LIBS analysis for batches 1 to 7 and part of batch 8; pXRF results for this area have also been received.

Coremet Test Work

High level test work undertaken by SGS/Coremet in Johannesburg, South Africa showed that:

-- The mineralogical analysis of the material indicated that all the tantalum and niobium is contained in Columbite;

-- The overwhelming majority of tantalum and niobium occurs in highly liberated Columbite particles; and

-- The material responded well to magnetic separation and gravity concentration.
Although further test work is required to produce a commercial concentrate, Coremet was able to develop an initial flow sheet for a gravity plant that needs to be tested to validate recovery values. Further exploration is also needed to assess the economic potential of the coltan mineralisation within the licence area.

Competent Person

In accordance with the AIM Note for Mining and Oil and Gas Companies, Firering discloses that Michael Cronwright of CSA Global is the Competent Person that has reviewed the technical information contained in this document related to the exploration results. Michael Cronwright has a Pr.Sci.Nat with the South African Council for Natural Scientific Professions ("SACNASP") and is a member in good standing with SACNASP. Mr Cronwright has the appropriate relevant qualifications, experience, competence and independence to act as a Competent Person as defined in the 2012 Edition of the "Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Michael Cronwright consents to the inclusion of the information in this announcement in the form and context in which it appears.
Posted at 12/4/2023 10:45 by sipptrader88
Why is FRG priced as a dud?
Is it because they released all of the initial lithium assays (including the duds)...instead of just the 4 holes with excellent results? (like most AIM companies do)?

But let's look at some positives...which I think will shortly attract some long it lasts in this fickle AIM market...who knows?

Guess that will depend on more results from this early stage exploration gem.(but two new potential discoveries in the offing...soil sample results due and to confirm?)

You can buy in cheaper by 40% or more than at IPO a year and a half ago.

Our director Neil Herbert also (deputy chair of RICCA Resources and chair of Atlantic Lithium ALL ) has endorsed our lithium project and put RICCA's money in to "fast track" fund us to no need for equity fund raises for exploration, MRE, Scoping, PFS, DFS etc.
(Neil knows our potential!)

and when I read our notes on the Coltan-Tantalum-Niobium assets also:-

"Firering intends to advance development at Atex with a view to establishing a maiden Lithium resource and a pilot scale production of ethical tantalum and niobium production within 18 months to generate early revenues and support further exploration work. A large-scale tantalum production facility will be developed following pilot results, which will be supported by a debt facility of FCFA 5,057,000,000 (approximately €7,500,000) currently under negotiation to fund the entire scale-up plan to develop a portfolio of ethically sourced mineral projects in the Côte d'Ivoire, supplying EV batteries, high tech electronics and other fast-growing end markets................"

Apart from the 135 km square area of ATEX (mention of gold being added?) FRG has a further 1,400km square of exploration license pending!

You could do a lot worse than buy into this £7m market cap IMO.....but you must DYOR......!

Posted at 04/11/2022 08:44 by the chairman elect
Yes almost every BUY is pushing the FRG share price UP clearly demonstrating that the MMs are indeed short of stock!
Posted at 02/11/2022 14:43 by sipptrader88
as pointed out Neil is on the board of FRG, RICCA, and ALL...........They all know what's going on......and they all know what the visible SPOD concentrations show....and what to expect from the assays shortly.....anyone that sells now...will be mega disappointed come December!

None of the big money has sold today........and some like me have sold a bit and bought back lower ( and the same with ALL)....It's what we do!

Remember we of today.....30% below the year high........financed for exploration with no share price dilution.......positioned to own more of our project 100% (some will say divided by 2 which is 27% down).....but very much in a better place than any other time in the year!

would we have preferred raising the funds , diluting our shares by 160% and taking the share price to 5p? NO.

Today is a commercial decision for the benefit of shareholders......and some very much knew this....which I have highlighted before!

Firering Strategic Miner... share price data is direct from the London Stock Exchange

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