Polo Resources Share Discussion Threads

[spights] 09/2/2018 09:14

Blackham, however has enjoyed stunning success with the drill bit, piling on millions of tonnes of free milling gold ore at the project which now boasts a global resource of 6.5m ounces going 3.1 grams per tonne gold.

The market has been looking to confirm that Blackham's problems last year were of a temporary technical nature rather than structural and January's numbers may well be an early indicator that could have investors reaching for their cheque books to get ahead of the game.

Article T

[spights] 09/2/2018 07:16

hxxps://www.businessnews.com.au/article/Blackham-smashes-it-at-Wiluna-gold-project?utm_source=Business+News+Mailing+List&utm_campaign=ca849a9e76-dba&utm_medium=email&utm_term=0_e5391356e5-ca849a9e76-289406073

[acamas] 08/2/2018 08:39

mattboxy,

I believe it to be the image and the style adopted by current management. Under previous management the shares were valued at 50p+. I cannot see anything else of such major effect on the share price. In Bangladesh they have held an interest in GCM a large coal mining outfit. If they can convince the Government to allow open caste mining on certain areas they own then on that alone this would multibag. Read up on Ironstone in Canada who knows what that investment might be worth. Reality values it where it is right now, potential well you place your price on it. NAV is worth more than 5p a child of 10 could work that out.

Look upon it as re-active management although some of Mr Tangs holdings do seem to be showing green shoots

[mattboxy] 08/2/2018 07:49

Can anyone tell me a rough NAV for polo as I'm under the impression these are seriously undervalued. Why such discount?

[888icb] 08/2/2018 07:13

BLK UP 22%. A good start to the recovery of the share price.

[888icb] 07/2/2018 08:22

WTI straight to the top of the leader board UP 13%

[spights] 06/2/2018 17:31

We are in Profit on Hibiscus and WTI
BLK WILL IMPROVE AS WELL

I AM STILL HOLDING POLO AT A LOSS
But very very confident I will make money with my patience

[spights] 06/2/2018 17:28

It will
I also hold WTI
BOUGHT AT 1.40

[stupidboypike] 06/2/2018 17:11

WTI ends the day up 25%. Will POL ever re-rate? Would buy some more but I've already got a load - very underwater! Thankfully I grabbed a few WTI at under 1p a few weeks ago too.

Best regards SBP

[888icb] 05/2/2018 17:49

WTI ends the day UP 21%

[spights] 05/2/2018 09:32

Yehaaaaaaaa

Current Price

2.40p
+0.30p +14.29%

Bid Price Offer Price
2.30p 2.50p
High Price Low Price Open Price
2.40p 2.10p 2.10p
Shares Traded Last Trade Market Cap (m)
1,630,968 09:13:48 25.46
Weatherly International PLC Agreement to purchase additional 65% of Berg Aukas
Intraday Weatherly International Chart

Intraday Weatherly International Chart
05/02/2018 8:53am

UK Regulatory (RNS & others)


TIDMWTI

RNS Number : 8920D

Weatherly International PLC

05 February 2018

5 February 2018

This announcement includes release of insider information

Weatherly International plc (AIM:WTI)

("Weatherly" or "the Company")

Agreement to purchase additional 65% of Berg Aukas

Weatherly is pleased to announce that it has entered into a binding agreement to increase its ownership of China Africa Resources Namibia Limited (CARN) from 25% to 90%. CARN is a private Namibian company which owns 100% of the high-grade Berg Aukas underground zinc-lead-vanadium project near Grootfontein.

CARN share purchase

CARN was previously held 100% by China Africa Resources plc (CAR), formerly listed on AIM, and now known as Pembridge Resources, listed on the standard list of the LSE.

In December 2016, 100% of the shares in CARN were distributed via a dividend to existing shareholders of CAR. The two largest shareholders of CAR at that stage were Weatherly with 25% and Hong Kong East China Non-Ferrous Mineral Resources Co Ltd (ECE) with 65%.

As a result, Weatherly owns 25% of CARN, ECE owns 65% of CARN, and the remaining 10% of CARN is held by the remaining minority shareholders of CAR at the time of the dividend.

Weatherly and ECE have now entered into a binding agreement whereby Weatherly will purchase all of ECE's shares in CARN for cash consideration of US$600,000 in order to increase Weatherly's ownership of CARN to 90%. The transaction is subject to regulatory approval in Namibia, following which the full consideration will be paid to ECE immediately. The Company expects to fund the transaction through operating cash flow but in the event that it cannot, Weatherly has obtained a waiver from Orion Mine Finance to use part of the uncommitted US$10m loan announced on 28 July 2017 to fund the transaction.

Berg Aukas Project

In 2014, CAR published a PFS for Berg Aukas which indicated the following key parameters.

-- JORC-compliant Mineral Resource Estimate of 1.23Mt @ 15.47% Zn, 3.84% Pb and 0.33% V(2) O(5) (Indicated classification) using a cut-off grade of 3.0% Zn

-- JORC-compliant Ore Reserve Estimate of 1.7Mt @ 11.16% Zn, 2.76% Pb and 0.23% V(2) O(5) (Probable classification) at a 5% Zn equivalent cut-off


-- Post-Tax NPV10 of US$29m
-- Post-Tax IRR of 25%
The 2014 PFS was based on assumed prices of US$2,000/tonne for zinc and lead. The vanadium is present in the mineral descloisite which has a limited market and the PFS assumed no credit was received for the vanadium content.

Prices for all three of these commodities have improved markedly since that time, and Weatherly has initiated an update of the PFS to examine the impact of these improved prices and updated capital and operating cost estimates on the Project's key financial metrics.

Further announcements on the progress of the share purchase and the PFS update will be made in due course.

The Company and its subsidiaries are unlikely to generate sufficient surplus cash to meet all loan repayments when due, particularly in the near term. The Company continues to positively engage with Orion on the subject.

For further information please contac

[888icb] 02/2/2018 14:48

WTI now top of the leader board UP 28%

[888icb] 02/2/2018 14:48

WTI now top of the leader board UP 28%

[spights] 02/2/2018 08:43

This announcement includes release of insider information

Weatherly International plc (AIM:WTI)

("Weatherly" or "the Company")

Kitumba Purchase Update and Development Plan

Weatherly is pleased to announce that the shareholders of ASX-listed Intrepid Mines Limited (Intrepid) have voted in favour of the transaction whereby Weatherly will acquire the Kitumba Project in Zambia. Weatherly is also pleased to announce the outline of its Project Development Plan for Kitumba focussed initially on a high-grade and high-confidence Phase 1 development zone within the resource.

Kitumba purchase update

As announced on 12 December, one of the Conditions Precedent for Weatherly's acquisition of the Kitumba Project was Intrepid shareholder approval. That approval was obtained at an Intrepid EGM held earlier today. Remaining Conditions Precedent include Zambian regulatory approval by the Zambian Ministry of Mines and Minerals Development plus by the Zambian Competition and Consumer Protection Commission.

Kitumba project development plan outline

The published JORC-compliant Measured and Indicated (M&I) Mineral Resource at Kitumba, with an effective date of 29 July 2015, contains 24.9Mt at 2.32% Cu using a cut-off grade of 1% Cu. The Mineral Resource contains a combination of copper oxide minerals, supergene enriched sulphide minerals and primary sulphide minerals.

Previous development plans for Kitumba were based on large scale and high capital cost development of the entire resource from the outset, and also included a decision to follow a relatively complex processing route using Pressure Oxidation to oxidise the sulphide minerals so that all of the contained copper could be leached and electro-won on site to produce copper cathode only.

Weatherly intends to pursue a two-phase development approach focussed initially on a Phase 1 development zone of higher-confidence and higher-grade mineralisation within the overall resource at Kitumba. The underground mine plan will be revised to focus on this Phase 1 development area, with capital expenditure reduced to suit a Phase 1 mining production rate of 0.75 to 1.0 Mtpa of ore.

Further, Weatherly intends to evaluate a lower risk and lower cost processing route utilising a combination of flotation and atmospheric leaching plus solvent-extraction and electro-winning to produce a concentrate containing the sulphide minerals for sale to local smelters, plus producing refined copper cathode from the oxide minerals within the resource.

To assist with this work, Weatherly engaged The MSA Group to provide an updated JORC-compliant Mineral Resource Estimate using a 2% Cu cut-off grade. They have now completed that work and the Measured & Indicated Mineral Resource estimate at a 2% Cu cut-off grade comprises 9.5Mt at 3.6% Cu, containing 342,000 tonnes of copper, with 5.3Mt at 4.04% Cu classified as Measured, and 4.2Mt at 3.05% Cu classified as Indicated.

The higher-confidence of the higher-grade portion of the Mineral Resource is demonstrated by the fact that 56% of the tonnage and 63% of the contained metal is in the higher-confidence Measured category, compared with the previously reported estimate at the lower cut-off grade which had 39% of the resource tonnage and 49% of the metal in the Measured category.

Weatherly believes that the change to a phased development approach focussed initially on high-confidence high-grade ore and the changed processing route will together significantly improve the financial metrics of Kitumba, and will allow a fast-track to financing and production.

The next steps involve re-logging of the substantial quantity of existing core and additional assaying to inform an improved geo-metallurgical model, followed by supplementary metallurgical testwork to form the basis of a new Preliminary Feasibility Study (PFS) for a Phase 1 mine development.

Upon completion of a positive PFS in 2018, a Bankable Feasibility Study (BFS) will be conducted and funding sought, with target completion by the end of 2019, for construction during 2020.

Once the Phase 1 development is financed and under construction, the Company will examine a Phase 2 development which will evaluate production expansion and/or mine-life extension options based on the overall resource.
The Company and its subsidiaries are unlikely to generate sufficient surplus cash to meet all loan repayments when due, particularly in the near term. The Company continues to positively engage with Orion on the subject.

[888icb] 02/2/2018 08:35

WTI UP 22%

[spights] 01/2/2018 07:55

hxxps://www.businessnews.com.au/Company/Blackham-Resources

[spights] 29/1/2018 17:52

Yehaaaaaaaa

[spights] 29/1/2018 17:52

Yehaaaaaaaa

[spights] 29/1/2018 17:52

hxxps://www.prismdiversified.com/?utm_medium=email&utm_campaign=January%202018%20Subscriber%20Newsletter&utm_content=January%202018%20Subscriber%20Newsletter+CID_4a922b65e8ed47511171328d7ecffc72&utm_source=Jan%202018%20NL&utm_term=Visit%20PRISMs%20Web%20Site

[spights] 29/1/2018 17:09

Ironstone Resources Renamed to PRISM Diversified Ltd.
To mark Ironstone Resources' next stage of commercial development, the company's shareholders voted on January 10, 2018 to re-brand itself as PRISM Diversified Ltd.
PRISM is an acronym for Peace Region Innovative & Sustainable Manufacturing, both an homage to the Alberta's famous landscape dominated by the mighty Peace River, and the company's focus on process and technology innovation coupled with sustainable manufacturing of strategic commodities.
PRISM plans on conducting feasibility studies on its carbonyl iron powder and lithium carbonate projects in 2018, followed by commercial operations anticipated for late 2019.


Latest News at PRISM Diversified


PRISM Launches its New Web Site
Follow PRISM's commercial development progress on its new web site.

Visit PRISM's Web Site

[spights] 29/1/2018 17:08

IRONSTONES NEW NAME
hxxps://www.prismdiversified.com/?utm_medium=email&utm_campaign=January%202018%20Subscriber%20Newsletter&utm_content=January%202018%20Subscriber%20Newsletter+CID_4a922b65e8ed47511171328d7ecffc72&utm_source=Jan%202018%20NL&utm_term=Visit%20PRISMs%20Web%20Site

[spights] 22/1/2018 23:35

www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=BLK&timeframe=D&period=W