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TAU Tau Capital Plc

0.00175
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tau Capital Plc LSE:TAU London Ordinary Share IM00B1VVFG94 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00175 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00175 USD

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Date Time Title Posts
02/4/202421:06Thesis Gold (TSXV)6
27/11/202320:55Thesis Gold (TSXV)1
17/4/201907:34Tau Capital49
22/8/200820:02Tau Mining16

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Posted at 02/4/2024 21:04 by stu31
Thesis Gold Drills 60.00 Metres Of 4.53 G/T Gold, Including 19.00 Metres Of 10.39 G/T Gold

Vancouver, British Columbia–(Newsfile Corp. – February 1, 2024) – Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (“Thesis”; or the “Company“;) is pleased to report assay results from drilling at the Thesis II and Thesis III zones from its 100% owned Ranch Project. This year’s drilling at Ranch was strategically planned to support the development of a maiden resource estimate – a crucial part of the forthcoming Preliminary Economic Assessment (PEA) update. The Ranch Project is road-accessible by way of the Company’s Lawyers Gold-Silver Project, and together the two projects form a contiguous, 325 km2 land package in the prolific Toodoggone Mining District in northern British Columbia.

Highlights

In both Thesis II and Thesis III, two distinct broad mineralized domains are present in the near-surface and at depth.
Drilling at Thesis II was designed to test deeper mineralization identified at the end of the 2022 drilling campaign:
23TH2DD005 intersected 60.00 metres (m) of 4.53 grams per tonne gold (g/t Au) beginning 84 m from surface (vertical depth).
Including 19.00 m of 10.39 g/t Au.
Drilling at Thesis III returned strong near surface mineralization:
23TH3DD013 intersected 24.32 m of 2.93 g/t Au beginning at a vertical depth of 32 m.
23TH3DD017 intersected 39.90 m of 2.39 g/t Au beginning at vertical depth of 4 m.
Confirmation and infill drilling from the 2023 season will be incorporated into an upcoming, maiden mineral resource estimate for the Ranch Project scheduled for Q2 2024.
Ewan Webster, President and CEO, commented “The 2023 drilling results at Thesis II and Thesis III represent yet another step towards unlocking the full potential of the Ranch Project. Our targeted strategy for the 2023 program focused on furthering our understanding of the high-grade, near-surface potential at Ranch as we progress towards a maiden resource estimate. We view this as a stepping stone in our ongoing efforts to extend the mineralization at Ranch. Todays notable step-out headline hole of 60.00 m at 4.53 g/t Au strongly suggests that there is still much to be discovered.”

Thesis II and Thesis III represent the southern and central zones of the Thesis Structural Corridor, which, together with the emerging Bingo zone (see 20 November 2023 news release) represents a multi-kilometre scale structural zone that hosts multiple mineralized domains (Figure 1). On the regional, district, and deposit scale, mineralization is largely associated with intersecting, NW-SE and E-W trending faults observed and interpreted from magnetic surveys (Figure 1). Regional scale faults may act as deeper fluid conduits that promote the movement of hydrothermal fluids in porphyry and epithermal systems.

Drilling continues to enhance our understanding of how these faults interact locally to control the geometry of mineralized bodies. In particular, drillhole 23TH2DD005, a step-out hole at the southern end of the Thesis II zone intercepted 60.00 m of 4.53 g/t gold beginning at a down hole depth of 141 m. However, a subsequent step-out, drillhole 23TH2DD006, returned a low-grade interval of 1.00 m at 0.61 g/t gold (Table 1), suggesting that the NE structure separating the two holes may offset mineralization to the southwest (Figure 2). Alteration associated with mineralization is typically destructive of magnetic minerals and is interpreted to cause a low-to-moderate magnetic signature compared to surrounding unaltered rocks. The Thesis technical team is developing new drill targets in the low-to-moderate magnetic lineaments that parallel known mineralized trends. Broad high-grade mineralization, like in 23TH2DD005 (Figure 3), continues to highlight the potential for expansion and discovery across the Ranch Project in the upcoming year and beyond.
Posted at 27/11/2023 20:53 by stu31
174m shares in issue. 176m FD. Market Cap C$96m (£56m) at 55c (10/23)
Insiders 4% Institutions 66% inc Equinox Retail 30%
Cash C$m (10/23)

website:

Thesis Gold, following its strategic merger with Benchmark Metals, is unlocking the combined potential of the Ranch and Lawyers Gold-Silver Projects in the Toodoggone mining district of north-central British Columbia, Canada. The 2022 Preliminary Economic Assessment for the Lawyers project alone projected an open-pit mining operation that would yield 163,000 gold equivalent ounces annually over a 12-year span.

The company is now evaluating the integration of the Ranch project, aiming to enhance these figures and bolster the overall potential. Central to this ambition is the 50,000-metre drill program, designed to define the high-grade underground resource at Lawyers and augment the near-surface high-grade deposits at Ranch. The company’s roadmap includes the release of a global company resource estimate by Q2 2024, followed by an updated Preliminary Economic Assessment in Q3 2024.

Through these strategic initiatives, Thesis Gold aspires to rise to the forefront of global precious metals ventures.

Lawyers
In the fall of 2022, a Preliminary Economic Assessment was conducted to explore the economics and resource potential at the Lawyers project. The PEA defined a 12-year mine life for an open pit operation focused on bulk-tonnage material. None of the identified underground mineral resources were utilized in the mining scenario provided.

2022 PEA Highlights (Open pit Only):

Pre-tax NPV 5% of C$939M, with an IRR 31.4%, and 2-year payback
Pre-tax Net Operating Income of C$2,157M
Base case metal price parameters of US$1,735 per ounce of gold and US$21.75 per ounce of silver
After-tax NPV5% of C$589M, IRR 24.1%, and 2.8-year payback
Capital Development

Initial capital of C$484M (including C$72.8M in contingency)
Life of Mine capital of C$626M
Strong 1.9:1 Pre-tax NPV5% to Initial Capex ratio
Minimal pre-strip limited to TSF starter dam construction
Low All-In Sustaining Costs (AISC)

US$ 786/Au oz (net of by-products)
Long Mine Life with Expansion Opportunity

Total resource production of 46.7 M tonnes over 12-year mine life
Average annual Au average production of 136 KozAu/year and 2.124 Moz Ag/year for a total of 163 Koz AuEq (at 80:1 Ag:Au ratio)2
LOM production 1.95M payable AuEq ounces
Average AuEq Head Grade of 1.41 g/t
Average gold recovery of 92.4%

In June 2022 the Company released a Mineral Resource Estimate (MRE) for the Lawyers Gold-Silver Project that includes recently delineated bulk-tonnage material and potentially mineable higher grade underground material. Drilling in 2021 and winter 2022 defined an indicated mineral resource of 3.14 million ounces (Moz), with approximately 95% of the estimated, open pit-able resource classified as Measured & Indicated (see Table 1 for details). The Mineral Resource is amenable to both open pit and underground mining methods and shows excellent continuity and consistency in mineable gold and silver grades. Zones included within the PEA remain open and are being tested as part of the 50,000 metre drill program in 2023.
Posted at 17/4/2019 07:34 by alexios1201
Tau Capital PLC12 April 201912 April 2019Tau Capital plc("Tau" or "the Company")Directorate ChangesTau Capital plc ("the Company") announces that Gerwyn Williams and Nigel Burton have been appointed as non-executive Directors with immediate e?ect. Gerwyn Williams will be the Company's Chairman. Terence Mahony and Philip Lambert have stepped down from the Company's Board with immediate effect.Both Gerwyn Williams and Nigel Burton have participated in the Placing announced on 15 March 2019, which completed on 9 April 2019. At the time of agreeing to participate in the Placing, both were not directors of the Company. Gerwyn Williams is interested in 32,530,000 Ordinary Shares, which represents a value of $32,530 at the Placing price and represents 16.35% of the voting rights in the Company. Nigel Burton is interested in 26,024,000 Ordinary Shares, which represents a value of $26,024 at the Placing price and represents 13.08% of the voting rights in the Company.Further to the Company's announcement of 15 March 2019, the Board has decided that it will defer any decision to change the name of the Company for the time being.Gerwyn Llewellyn Williams (aged 69)Gerwyn is a quali?ed Electrical Engineer with many years' hands on experience in the coal mining and unconventional gas industries, having started work as an underground mine worker spending 22 years working for British Coal. He has founded a number of energy businesses and is currently the largest shareholder in In?nity Energy and the company's Chief Executive O?cer. Gerwyn is also the Chairman of UK Onshore Gas, his family owned group of companies that hold 139,839 acres of Petroleum Exploration and Development Licences ("PEDL") in South Wales via wholly owned subsidiary companies Coastal Oil and Gas Limited, UK Methane Limited and Adamo Energy (UK) Limited. Gerwyn is also the sole Director of Transgas whose subsidiary South Western Energy Limited holds 203,590 acres of PEDLs in North Somerset and in Dorset adjacent to Wytch Farm. Transgas is wholly owned by the Williams family. Gerwyn is a Chartered Engineer, a Fellow of the Institute of Materials, Minerals and Mining, and a Fellow of the Energy Institute.In accordance with Schedule 2(g) of the AIM Rules, Gerwyn Williams holds, or has held in the past ?ve years, the following directorships and partnerships:CurrentAdamo Energy (UK) Limited Air Nation LimitedPast five years Modal Mining LimitedCoastal Oil & Gas Limited Infinity Energy SAInfinity Exploration LimitedLocal Energy Supply Systems Limited Technoleg LimitedNewton Beach Development Company LimitedSouth Eastern Energy LimitedSouth Wales Energy Limited South Wales Gas Limited South Western Energy Limited St John's Vision Limited Thistle Gas Limited Topex Limited Transgas Limited UK Gas LimitedUK Methane Limited UK Onshore Gas Limited UK Water Supplies Limited UK Wind Energy Limited Sefydliad Tanwydd Cymru CyfMr Williams was a director of UK Mining Contractors Limited when an administrative receiver was appointed in December 1993. This company also entered into a creditors' voluntary liquidation in December 1993. The company was dissolved in 1999. Mr Williams was a director of U.K. Coal Limited when the company entered into a creditors' voluntary liquidation in August 1994, with the company being dissolved in 2000. Mr Williams was a director of Altesse Limited when the company entered into a creditors' voluntary liquidation in April 2000, with the company being dissolved in November 2000. UK Mining Contractors Limited, U.K. Coal Limited and Altesse Limited were all companies in the same corporate group.Nigel John Burton (aged 61)Dr Nigel Burton has over 25 years' experience in operational and ?nancial management, debt and equity ?nancing, acquisition and integration of businesses, disposals, IPOs and trade sales. Following over 14 years as an investment banker at leading City institutions including UBS Warburg and Deutsche Bank, including as the Managing Director responsible for the energy and utilities industries, Nigel spent 15 years as Chief Financial O?cer of a number of private and public companies, including Navig8 Product Tankers Inc, PetroSaudi Oil Services Limited, Advanced Power AG, and Granby Oil and Gas plc. He was a Non-Executive Director of AIM quoted Management Resource Solutions plc until March 2018 and was Chief Executive O?cer of Nu-Oil and Gas plc until January 2019. Nigel is a Chartered Engineer and a Fellow and Past President of the Institution of Engineering and Technology (IET).Nigel is currently Non-Executive Chairman of Remote Monitored Systems plc and a Non-Executive Director of Digitalbox plc, both of which are quoted on AIM.In accordance with Schedule 2(g) of the AIM Rules, Nigel Burton holds, or has held in the past ?ve years, the following directorships and partnerships:CurrentPast five yearsDigitalbox plcNew Day Energy Indonesia LimitedGyrometric Systems LimitedProcurement Services (Delaware) Inc.Strat Aero International LimitedManagement Resources Solutions plcRemote Monitored Systems plcNU-Oil and Gas plcASD Visual Aids Limited SenseToys Limited Highbec LimitedWasdale Head Inn Limited Wasdale Head LimitedDr Nigel Burton was a director of Pease Limited within 12 months of the company appointing a liquidator in June 1998. The company was subsequently liquidated in 2002.Regarding his appointment, Gerwyn Williams said:"I am delighted to take the helm at Tau Capital and I look forward to working with the Board to deliver shareholder value, and to help maximise future opportunities."Regarding his appointment, Nigel Burton said:"I am thrilled to be joining Tau Capital. The Company has a very high-quality leadership team and I look forward to making a significant contribution to the Company's further growth."Further information, please contact:FIM Capital Limited Philip ScalesTel: +44 (0) 1624 681250Nominated Adviser and joint-broker Allenby CapitalTel: +44 (0) 20 3328 5656John Depasquale / Alex BrearleyJoint-brokerTel: +44 (0) 20 7469 0930Peterhouse Capital Limited Lucy Williams / Eran ZuckerENDS
Posted at 14/3/2012 12:45 by wexboy
Hi folks,

Just finished a two part review of all the Russia focused/related closed-end funds out there, including TAU - hope you'll take a look & comment:



Cheers,

Wexboy
Posted at 22/8/2008 20:02 by hawks11
Hyper Al - I have edited out all my TAU Capital entries.

Hawks
Posted at 22/8/2008 09:33 by hyper al
At some point Molopo was dumped.

Think Firestone diamonds must have taken over the Molopo licences

Oh well.

hawks11

Maybe you should start a new thread for Tau Capital.
Posted at 22/8/2008 09:25 by hyper al
It appears Tau Capital has nothing to do with Tau Mining.

Tau Minings website has gone.

Just found this



"Southern African Resources to take Full Control of Tau Mining Ltd and its Molopo Farms Botswana"
Posted at 03/1/2004 09:19 by hyper al
Can anyone make any comments about this company?

Their website is: -


All I know is that the "Molopo Farms Project" in Botswana has enormous potential and comprises 10 granted Prospecting Licences covering an area of 6185 square kilometres, and is 100% owned by Tau.

This alone makes Tau a very good long term prospect and one of the best I have ever seen in the exploration sector.

I am not sure if they have plans to list on London's AIM, if not I may be buying some aussie stock.

All IMHO. Do your research. Take a close look at everything to do with "Molopo Farms Project"
Tau Capital share price data is direct from the London Stock Exchange

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