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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Imc Exploration Group Plc | IMC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.025 | 4.00% | 0.65 | 09:00:02 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.625 | 0.625 | 0.65 | 0.65 | 0.625 |
| Industry Sector |
|---|
| TOBACCO |
| Top Posts |
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Posted at 28/11/2023 10:24 by andrbea quite a good read IMO |
Posted at 30/10/2023 13:22 by seagreen hxxps://www.nsenergyCurrent estimate appears to be 1,444KG or 50,000ozs of gold Current estimate appears to be 2,538KG or 90,450ozs of silver So current maximum revenue Gold US$100M Silver US$1.8M So it is a small mine I presume the licence will be renewed at a cost in 2024 So it depends on the cost of extraction especially as the majority is underground and I have no idea if the underground mine has been built and if there are major capex requirements. but it seems there is a crusher if they aquired additional small mines or expanded the mine maybe? But there are historical activists against expansion. Other info I have found re local opposition hxxps://arnika.org/e hxxps://www.business United Nations did a study in 2014 so costs will be out of date and gold price but gives some indication of annual production but may be meaningless as costs not estimated (sigh) hxxps://www.undp.org |
Posted at 04/5/2022 16:09 by king goofus News must have leaked.15 April 2021 IMC EXPLORATION GROUP PLC (“IMC”) Proposed acquisition of Karaberd Mine IMC is pleased to announce that it has conditionally agreed to purchase the Karaberd Mine, a gold mine located in Lori Marz, northern Armenia. If the proposed acquisition proceeds, it will take effect via the acquisition by IMC of the entire issued share capital of MVI Ireland s.r.o. (“MVI”) from Mineral Ventures Invest spol. s r.o. (the “Seller” MVI holds the entire issued share capital in Assat, LLC (“Assat” |
Posted at 08/10/2021 12:37 by trad3m3 Drilling Update: West Avoca, Co. WicklowIMC Intersects Zinc, Lead and Copper Mineralisation in First Drillhole at West AvocaThe initial drillhole, 21-3850-01, has encountered four zones of massive and semi-massive sulphide. Over 75m of drill core is being split for assay.Three further drill holes are planned to assess the extent and continuity of Cu, Au, Zn, Pb mineralisation along strike from the historic Avoca mine.Historical mineralised intercepts in the West Avoca area include 10m grading 1.1% Cu and 9m grading 10.3% Zn and 4.8% Pb.IMC plans that the drill programme will allow an independent resource calculation to be undertaken. in addition to that already in place for the spoils' and tailings' project.IMC Exploration Group plc (IMC), the London-listed exploration company based in Ireland, is pleased to announce the completion of its first drillhole in a 1,000m drilling programme at its West Avoca property on PL 3850, Co. Wicklow, Ireland.Drill hole 21-3850-01 has extended the down dip extent of mineralisation and has encountered zinc-lead and copper-gold mineralization as interpreted. A total of four massive and semi-massive sulphide zones were encountered between depths of 159m and 226m representing individual heavily mineralised intervals of 1.85, 5.3, 5.0 and 4.9m respectively. The upper three zones are zinc dominant and the lower zone copper dominant. Over 75m of drill core has been split and sent to ALS Laboratories in Co. Galway for analyses.Drill hole 21-3850-01 represents a down dip step out of 40m from the nearest historical drillhole which assayed 9m grading 10.3% Zn and 4.8% Pb. The (upper) zinc-lead mineralized horizon now has an extrapolated minimum dip extent of 75m (supported by three drillholes) and remains open both up and down dip and along strike to the southwest.Many previous drillholes in this part of West Avoca had not drilled deep enough to test presence of a copper-gold zone underlying the zinc-lead zone. The 4.9m (lower) copper zone intersected in 21-3850-01 confirms the copper potential of the West Avoca area.BackgroundThe Avoca Mine is estimated to have contained 16 million tonnes of 0.6% copper which was exported as a concentrate that contained 'payable grades of gold and silver' (Williams et al., 1986). In addition, in situ zinc and lead mineralisation is present at West Avoca over a minimum strike length of c. 300m. When the Avoca mine ceased operation in 1982 (owing mainly to the low price of copper prevailing at that time) significant amounts of ore were left in place. With the copper price recently at an all-time high, IMC has reassessed historical records along strike to the southwest from the Avoca mine, and interprets there to be a 1.2 km minimum strike length that has either been only partially tested or else has specific targets remaining to be drill tested. At the north-eastern end of the 1.2 km strike length outlined by IMC, historical drilling encountered 13.3m grading 3.7% Zn 1.8% Pb and 5.3m grading 1.9% Cu. At the southwestern end, historical assays include 5.8m grading 0.5% Cu with 0.9m grading 0.5 g/t Au. Widely-spaced drillholes within the 1.2km strike extent have assayed 10m grading 1.1% Cu and 9.0m grading 10.25% Zn and 4.78% Pb. Gold grades of up to 0.4 g/t Au over 4.5m have been recorded and represent a highly positive 'credit' when taken in consideration with the high copper and zinc grades.In the West Avoca area, zinc-lead mineralisation overlies copper-gold mineralisation. Much of the historical drilling has not tested the deeper (c. 200m depth) copper-gold mineralisation. This programme is planned to test the down dip extent of the zinc-lead mineralisation and assess the mostly untested underlying copper-gold mineralisation.IMC has reported JORC-compliant figures of c. 20,000 ozs of gold, 2.6k tonnes of copper and 7.8k tonnes of lead from mine spoils and tailings to the northeast of the planned drilling (8th September 2020).Eamon O'Brien, Chairman, commented:'The first drill hole in the 1,000m drill programme has validated and extended zones of mineralisation encountered in historical exploration which tested part of the unmined zones of mineralisation. It has confirmed the geological interpretation and I look forward to reporting grades in the near future.The substantive historical intercepts and strike length identified, allied with this planned drilling, will allow IMC to move towards a bedrock resource calculation to complement existing JORC-compliant spoils' and tailings' calculations. With copper prices recently reaching an all-time high, climate change initiatives to the fore and copper a vital component to drive the green economy, IMC will be part of this new green future with its copper project in Avoca.' This release has been approved by EurGeol Professor Garth Earls PGeo, FSEG, who is an independent consulting geologist and a Competent Person as described in the JORC 2012 reporting code.Eamon P. O'Brien,Executive Chairman,Dublin, 6th October 2021The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.REGULAT |
Posted at 09/8/2021 10:08 by cobra kai RTO news this week by the looks of it. So boom time to 5p or 10p? who knows.Do or Die Cobra Kai Strike First Strike Hard No Mercy MC Exploration shares up 60% after agreeing to buy Armenian mine Thu, 15th Apr 2021 13:21 (Alliance News) - Shares of IMC Exploration Group PLC rose by almost two thirds on Thursday afternoon after announcing it had provisionally agreed to buy a gold mine in Armenia via a reverse takeover. Shares in IMC Exploration were trading at 1.35 pence in London on Thursday afternoon, up 60%. The Irish precious and base metals mining project developer said it had conditionally agreed to purchase the Karaberd gold mine in Armenia. The acquisition will take effect via the reverse takeover of MVI Ireland sro from Mineral Ventures Invest spol sro. MVI Ireland owns Assat LLC, which holds the operating license for the Karaberd mine. If the acquisition goes ahead IMC will hold the Karaberd mine operating licence, together with an ore-crushing production facility located nearby. IMC said the acquisition involved issuing "several tranches of shares" to MVI, with each tranche being conditional on the occurrence of certain milestones. It said it will apply to issue shares that will equate to 51% of the new expanded total after the acquisition, meaning the seller will have control, making the transaction a reverse takeover. |
Posted at 15/4/2021 19:22 by mpd12 No placing however the RTO will be funded via dilution. IMC will issue shares to pay for the purchase of Mineral Ventures Invest Ireland from Mineral Ventures Invest. MVI Ireland owns Assat LLC which in turn owns the operating licence for the Karaberd gold mine in northern Armenia, along with the mine operating licence and a nearby ore-crushing production facility.IMC will issue shares as payment that will give the seller [MVI] a 51% stake in the newly expanded company, making the proposed transaction a reverse takeover. |
Posted at 15/4/2021 17:22 by viralspec Dean'proven 221000oz of GOLD and 434000oz of SILVER' As a point of reference, COBR has proven 200,000 oz of Gold and is currently valued at twice the market cap of IMC. So, food for thought. |
Posted at 15/4/2021 14:02 by shirley83 The proposed Acquisition will transform IMC by adding a mining project and will generate cash-flow for IMC from both the monthly contribution to working capital and future mining operations. Furthermore, the geographical reach of IMC will be extended outside of Ireland which may lead to further opportunities for growth of IMC". |
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