Firering Strategic Minerals Plc

0.00 (0.0%)
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% 7.60 6,539 08:00:00
Bid Price Offer Price High Price Low Price Open Price
7.50 7.70 7.60 7.60 7.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Offices-holdng Companies,nec 0.00 -2.28 -26.20 - 6.60
Last Trade Time Trade Type Trade Size Trade Price Currency
15:58:12 O 660 7.57 GBX

Firering Strategic Miner... (FRG) Latest News

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

Firering Strategic Miner... Forums and Chat

Date Time Title Posts
30/5/202313:20Firering Strategic Minerals - focusing on the production of critical minerals384
15/5/201807:16Fraport (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

Add a New Thread

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

Trade Time Trade Price Trade Size Trade Value Trade Type

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

Top Posts
Posted at 30/5/2023 07:52 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)
Intraday Stock Chart

Tuesday 30 May 2023

Click Here for more Firering Strategic Miner... Charts.

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 23/5/2023 10:37 by southernsong
210K buy: the first half-decent buy for a little while at FRG.

It has been a very quiet period recently - both in newsflow and trading.

We must be moving very close now to an update on P11 work at Atex.


Posted at 15/5/2023 09:05 by altom
Thank you, gentlemen, for your excellent posts in the last day or so. Pleasure to read here with no childish swearing and name calling. Just sensible exchange of opinions and information. Atlantic, FRG and Bradda make an interesting trio. I have made a bit in Pilbara but nearly sold out now. To reliant on China. Disappointed in Vulcan but still holding and watching.
Keep the chat coming !

Posted at 14/5/2023 16:00 by southernsong
FRG mkt cap £7.2M, just 89M shares in issue, 41% of which are not in public hands.

The stock moves up rapidly on any buying support.

If the company can point to proving up a major lithium resource there is terrific upside from these levels.

Atlantic Lithium: Mkt cap £191M, but more advanced.

Posted at 29/4/2023 11:45 by southernsong
We agree and have built an initial, modest interest here since around the beginning of April.

It is of course speculative as you rightly point out, altom.

The price responds swiftly to any sustained buying so the acquisition of volume is best done incrementally and on quieter days. With a mkt cap of just £7.5M, it's a stock with the potential to significantly rerate as a resource is potentially proven up.

We are conducting a complete overhaul / review of FRG tomorrow ahead of the coming days and weeks during which the company is likely to provide further guidance on the PII ops.

For the moment, here is a glance at the shareholding structure (as 22 March '23):

Just 89.1M shares in issue.
The percentage not in public hands = 41% (= 36.5M shares).

It's hard to say how many remaining in free float are being bought and 'bottom-drawered' (ie taken out of circulation for the meantime.....but limits here are slammed shut on any sustained support).

Mr. Youval Rasin

Rompartner Limited

Mr. Sebastian Marr

Mr. Yehoshua Shai Kol

Oberon Investments Limited

Mr. Lincoln Moore


Clearly a lot of work has to be done, but reviewing the pace of progress since the listing, one gets the feeling they are competent and keen to move quickly (work on the ground matching their communication to the mkt).

Judging by their own timelines the second half of 2023 appears to the period where key announcements *could* transform mkt perception.

NAI and ADYOR etc.

Posted at 14/4/2023 08:48 by sipptrader88
It's all about the people and their reputation (backing FRG)...being on the line......!

Our director Neil Herbert ex. POLO being one...and now chairman and deputy of Atlantic Lithium..who in 2024 will start to supply TESLA..and RICCA (watch this!
But apart from Neil....who else...I wonder do you know any of these

Percentage of shares not in public hands: 41.1%

Updated: 22 March 2023

Significant Shareholders


Number of Shares

% of Issued Share Capital

Mr. Youval Rasin
12,610,000 14.15%

Rompartner Limited
9,000,000 10.10%

Mr. Sebastian Marr
8,211,104 9.22%

Mr. Yehoshua Shai Kol
6,990,000 7.85%

Oberon Investments Limited
5,025,952 5.64%

Mr. Lincoln Moore
2,976,000 3.34%

Posted at 12/4/2023 11:45 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!


Posted at 02/11/2022 09:37 by the chairman elect
Yes tomboyb that [13p] was the IPO price where FRG were deemed to be good value but then the markets turned down so on the back of todays news plus news to follow FRG should go much higher share price wise.

Someone close to the company reckons 50p+

Firering Strategic Miner... share price data is direct from the London Stock Exchange
Your Recent History
Firering S..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 |

V: D: 20230606 17:43:41