Neo Energy Metals Share Discussion Threads

[basem1] 06/12/2023 13:21

Lol someone stole my trade Felt like a further add for 500k at 0.8 but volume very slow Now it is 200 gbp for the same amount

[1savvyinvestor] 06/12/2023 08:23

Marula up again . Come on NEO !

[1savvyinvestor] 04/12/2023 15:13

Think we are just going to have to be patient here . Too many selling into any strength .

[1savvyinvestor] 04/12/2023 10:44

Agreed. It's like nobody is aware of what is happening in the uranium market.

[basem1] 04/12/2023 10:19

Suppose it takes 2 to make a market but why on earth would you sell this stock now Some investors should not be let loose on the market. Yes I could understand selling at 1.3/1.4 but not down here

[1savvyinvestor] 01/12/2023 16:27

Lots still using liquidity as an opportunity to sell . Hopefully those trying to lock in cash stop soon and can see the longer term opportunity. Plenty of demand to drive this up

[whoppy] 01/12/2023 13:33

Some chunky buys appearing. Directors, new regional manager loading?.

[whoppy] 01/12/2023 12:13

Another RNS about expansion drilling.

1 December 2023

Neo Energy Metals plc

('Neo Energy' or 'the Company')



Resource Expansion Drill Program Tender Underway



Neo Energy Metals plc, the near term, low-cost uranium developer, is pleased to announce that it has commenced the tender process with a number of short-listed South Africa based drilling contractors for a major resource expansion and resource upgrade drill program ("Drill Program") to be completed at its advanced Henkries Uranium Mine ("Henkries") located in the Northern Cape Province of South Africa.



OVERVIEW

· Tender and enquiry documents issued to a number of short-listed South African based drilling contractors for the planned resource expansion and resource upgrade drill program

· The Drill Program aims to increase the existing JORC Code 2012 compliant Mineral Resource of 4.7 million pounds ('Mlbs') of uranium

· The Drill Program will comprise of approximately 6,500m of aircore drilling

o 350 drill holes with an average drill hole depths of between 15m to 20m

· Infill drilling and resource expansion drilling will be completed on both the Henkries Central and Henkries North deposits which extend over 6km of the 37km defined paleochannel that hosts the uranium mineralisation

· On the 6km strike length of the Henkries Central and Henkries North deposits, approximately 2,000m of infill drilling will be undertaken at drill spacings of 100m

o The aim is to upgrade the resource category to a Measured status

· A further 2,000m of resource extension drilling will be completed on this 6km of strike length at drill spacings of 200m.

o The aim is to increase the existing JORC Code 2012 compliant Mineral Resources by targeting potential extensions to the existing Henkries Central and Henkries North deposits

· An additional 2,500m of exploration drilling is planned for Henkries South, which offers significant potential for an increase in JORC Code 2012 compliant Mineral Resources

o Extends for over 25km of the 37km defined paleochannel that hosts the Henkries Central and Henkries North deposits

· The appointment and mobilisation of the drilling contractor is expected in early Q1 2024

· The Drill Program is scheduled to commence in Q1 2024 and is expected to be completed by early Q3 2024

· Recently appointed Regional Manager, Mr Cloete will oversee the resource expansion drill program and has already mobilised to site to commence the necessary site preparations



Neo Energy CEO Sean Heathcote said,

"We are now issuing a series of tender and enquiry documents as part of our strategy to accelerate the mine development of our Henkries Uranium Project.



"Over recent weeks I have been working with our new Regional Manager, Jerry Coete, to advance discussions and making preparations for the resource expansion drilling contract. Our plan is to appoint and mobilise the drilling contractor early in the New Year with the infill and exploration drill program commencing in Q1 2024 and completed in early Q3 2024.



"We are confident that we are able to increase our JORC Code 2012 compliant Mineral Resources to over 10Mlbs of contained uranium through this drilling program. This will underpin and further strengthen the attractiveness of the Project and its underlying project economics.



"We look forward to appointing the drilling contractor shortly and providing further updates on their progress at Henkries in early 2024."



DETAILS

The Company is focused on fast-tracking the development of its advanced Henkries Uranium Project ('Henkries' or the 'Project') towards production having raised £5.4m and re-admitted its shares to trading on the Main Market of the London Stock Exchange in November 2023.



Henkries, a 742km2 uranium project in the Northern Cape of the Republic of South Africa, has a current estimated mineral resource of 4.7 million pounds ('Mlbs') of uranium and has been subject to extensive historical exploration activities as well as a feasibility study ('FS'). Utilising historical data and newly generated data from the planned drilling programmes, Neo aims to increase the Mineral Resources Estimate ('MRE') to +10Mlbs contained uranium, update the FS, and move to mine development decision as soon as possible.



Henkries includes two key deposits; Henkries Central and Henkries North, and an advanced exploration target at Henkries South. Infill drilling is planned to increase the mineral resource base, with explorations drilling to test all potential extensions to the existing Henkries Central, as well as at Henkries North. Additional exploration drilling will be undertaken at Henkries South, which offers significant potential for an increase in project resources, extending over 25km of the 37km defined paleochannel that hosts Henkries Central and Henkries North resources.

[aberloon2] 01/12/2023 11:02

There aren't many near production Uranium plays on LSE, this, if it comes off, will multi bag...and whoever is selling is doing us all a favour.. imho...

[1savvyinvestor] 01/12/2023 07:48

Note that this is the first of several appointments in December.

[bobaxe1] 30/11/2023 14:51

This post is pertinent Placing was oversubscribed at 1.25p, so at these prices you are well in for max gains. News on ops can't be far off with work starting on site. Huge

[whoppy] 30/11/2023 14:27

Must be close to takeoff. Zak Mir thinks 1.3-1.4p. Selling seems to have stopped. L2 must be looking better.

[1savvyinvestor] 30/11/2023 08:15

Too early to comment on ska performance

[juliemara] 30/11/2023 07:20

'Marula performance gives me confidence'
And what about SKA's?

[1savvyinvestor] 29/11/2023 17:55

Hard to read that one . If it was a buy order filled first thing would explain rise over first few hours . Think volatility is going to be with us for a while . Marula performance gives me confidence

[bobaxe1] 29/11/2023 16:31

Late buy popped up

[1savvyinvestor] 29/11/2023 15:44

But they should not panic and sell as this is a clear indication that there is greater value above that 1.25 price

[basem1] 29/11/2023 15:18

Fair few sellers about I thought we had escaped the 0.7 level

[1savvyinvestor] 29/11/2023 15:15

Interesting to see Brewer posting on LSE

[juliemara] 29/11/2023 14:57

MARU and EDL/SKA share price graphs tell you the whole story inc the future share price here!

[1savvyinvestor] 29/11/2023 13:47

Was just going to say that . Looking good

[whoppy] 29/11/2023 13:42

That 1.24m @ 0.74 is a late reported buy from 12:36pm

[bobaxe1] 29/11/2023 13:23

Short hehe

[1savvyinvestor] 29/11/2023 13:23

Yes. Big trick paying real money at a premium!