Tengri Share Discussion Threads

[swizz] 12/8/2014 06:32

Robust have released Tengri clarification and also Gary Lewis holding notice this morning on ASX, I would expect the Tengri news to be released by RNS this morning....GL S

Links....

[treacle32] 08/8/2014 09:29

Could do worse and be in those dogs PVCS and CCE.

[the stigologist] 08/8/2014 08:39

lol

things must be going swimmingly

not

[swizz] 08/8/2014 06:26

Expect news today guys, Gary Lewis has resigned from Robust and Tengri with immediate effect, announced on ASX and link is posted below, no idea why?, but I do wonder if he is now in the Stanhill camp and will assist their on-going bid process?.....GL S

Link....

[the stigologist] 06/8/2014 12:48

losing money in

PGR

TGL

HCP

[divmad] 06/8/2014 12:35

Where is Treacle Tart these days?

[divmad] 06/8/2014 12:35

Where is Treacle Tart these days?

[the stigologist] 05/8/2014 17:25

and cratering some more

[the stigologist] 05/8/2014 14:40

LOL

Suspended at 0.80 (40p)
Deal at 0.575p (28p)
Now at 0.26p (13p)

that speaks volumes about the real 'value' here

[swizz] 05/8/2014 13:24

Very subjective and the below is also taken from the same report.......GL S

Recommendation - Read the full report from start to finish and establish your own conclusion!

Link...


"The formation of the Tengri subsidiary to hold the Kyrgyz assets will enable separate project funding from a London base. Andash could be the first gold-copper asset in production and ROL, with its Indonesian experience, is well placed to address local sensitivities."

"Valuation: Re-rating upside as projects rolled out
With no definite cash flow from projects, we have used the value of recent part divestments and acquisitions to determine a valuation of A$0.33, a small premium to the share price. We have also calculated indicative valuation scenarios on ROL's assets. However, based on early-stage assumptions, they do indicate ROL's project interests could be worth >A$400m (see Exhibit 17) once funded and developed. As the projects are rolled out, these will provide catalysts for re-ratings."

"In the Kyrgyz Republic, ROL acquired three gold-copper assets in 2013. Andash is located in the Tien Shan Gold Belt, which hosts a number of world class deposits. Andash has a proven and probable JORC resource and had a plan for mining that is now being reworked. A second acquisition, the Talas gold-copper project has concessions which border the Andash project. The third acquisition is an earn-in agreement at Bashkol within the Tien Shan Gold Belt."

"A key strength is its ability to operate in developing countries, with skills in negotiating and working sensitively with local groups and government. These skills are essential for the Andash project in the Kyrgyz Republic, where there was opposition to development under previous ownership.
The company has been a patient explorer on Romang Island and its persistence is now paying off with the discovery of a high grade VMS deposit, which has the potential to be developed into a substantial gold and base metal operation.
To provide diversification, the company's entry into the Kyrgyz Republic provides exposure to a new region that is very prospective for gold and copper."

"The acquisition of the Andash project in the Kyrgyz Republic offers potential for production in the medium term, with a proven and probable JORC reserve and two feasibility studies already carried out. Although the future development of Andash may pursue a different development strategy, a lot of the investigative work has already been done."

Management

"Management has extensive experience in exploration, both overseas and Australia. It has particular skills in exploring in developing countries, particularly in South-East and Central Asia. Its experience in working in developing countries is a benefit when entering new jurisdictions such as the Kyrgyz Republic. Management also has experience of resource discoveries and their subsequent development into mining operations."

Andash

"The acquisition cost for the Andash project was US$15m. The development of this asset under its previous owners was hampered by local concerns over the mine design and its location, the site of the processing plant, water pollution and dust and other ecological and environmental issues."

Talas

"Talas was acquired by payments of US$2m cash and US$3m in ROL shares. Sales of metals from the Talas concessions are also subject to a 2% net smelter royalty. There is a right to repurchase half the royalty value (based on an NPV derived calculation using set assumptions) at the time that JORC ore reserves of at least 1.5Moz gold equivalent are reported.
The purchase also includes a contingent payment of US$20m in ROL shares on a decision to mine at Gold Fields' base line study rate of at least 15Mtpa to produce 4.8Moz of gold equivalent over a nine year mine life. As ROL is focusing on a smaller scale project, this contingent payment may not be triggered, unless there is a subsequent expansion to the base line threshold.
Talas includes the large Taldybulak resource, which has the potential to be developed in conjunction with the Andash deposit. Remodelling of the Taldybulak deposit with emphasis on the potential mining of its high-grade domains is a high priority. There are 21 recognised prospective mineralised targets and potential for clusters of porphyry gold-copper discoveries. The initial focus has been to ensure the handover of all technical and corporate data from Gold Fields."
ROL is earning a 51% interest by contributing initial expenditure of A$2m (by 31 December 2017) and can earn increase this to 70% by a further A$5m of expenditure (by 31 December 2021).

Bashkol

"The previous operators conducted greenfields exploration using geological and geochemical techniques. They identified a number of geological anomalies that defined a 15km-long mineralised trend, including the prospective Bekbulaktor prospect. Surface gold and copper mineralisation was traced over 3km2. At Bekbulaktor, a drilling camp was established in September 2013. Two gold mineralised zones, Bekbulaktor South and Bekbulaktor North, were defined using IP/resistivity, soil geochemistry, rock sampling and trenching over a 2km strike. Planned drilling will focus on the main south zone target where the mineralisation is believed to be stronger. There are no villages near the Bashkol project and infrastructure is well established."

[adrian1monk] 05/8/2014 09:35

Nice positive update. Looking forward to they next couple of weeks unfolding

[grannyboy] 05/8/2014 09:27

The dead cat keeps making an appearance......

[swizz] 05/8/2014 07:10

Diamond drilling underway and further news to follow in the weeks ahead, also good to note the local community discussions are in a positive place.....GL S



RNS Number : 2282O

Tengri Resources

05 August 2014

Diamond Drilling Programme Underway

at Taldybulak Gold-Copper Deposit, Kyrgyz Republic

-- 12 hole, 2,000 metre diamond drilling programme underway to test near-surface, high-grade, gold-copper

mineralisation

-- Taldybulak hosts a substantial gold-copper resource:
o Indicated: 116.5Mt for 2.3Moz Au and 488Mlb Cu

o Inferred: 336.2Mt for 4.5Moz Au and 1,178Mlb Cu

-- Two-year access agreement signed with local Talas community;
-- Tengri aiming to delineate smaller, high-grade deposit amenable to low-CAPEX mining operation;

-- Social Development Fund to be established by Tengri, aimed at improving living standards and skills of local

Community; and

-- As part of continued growth strategy, Tengri will assess a number of potential development opportunities

across the Central Asia region.

Tengri Resources (AIM: TEN), the mining exploration and development company focused on low-cost gold-copper projects in the Kyrgyz Republic, is pleased to announce that it has commenced a 12 hole, 2,000 metre diamond drilling programme at the Taldybulak gold-copper deposit, located in the Talas exploration licence, Kyrgyz Republic. The drilling programme began following the signing of a two-year access agreement with the local Talas community.

Taldybulak is believed to be one of the largest and most promising copper-gold deposits in the country, and therefore an important mid to long-term growth development opportunity. In conjunction with the development of Taldybulak, Tengri is advancing other projects in its portfolio while also evaluating potential development opportunities across Central Asia.

The 12 hole, 2,000 metre diamond drilling programme at Taldybulak commenced 1 August, 2014 and targets a previously identified near-surface, sheeted-vein system. This system is a higher-grade gold domain located within the deposit. The aim of the initial drilling programme is to delineate a low tonnage, high-grade deposit amenable to a low-CAPEX mining operation which could benefit from the potential development of Tengri's Andash project and other Talas Valley projects located nearby.

Furthermore, the securing of the community access agreement is a significant milestone for the Company and is the result of extensive consultation with the Aral Village Rural Council. As part of that agreement, Tengri will establish a Social Development Fund aimed at improving the standard of living and skill sets of the Aral Community.

To date, Mineral Resources for the Taldybulak deposit have been estimated by Goldfields Limited (Goldfields) under the South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (SAMREC code). A full summary of the mineral resource estimate is contained within the Company's Admissions Document published on 18 June, 2014.

The Goldfields global mineral resource estimate highlights a large gold-copper porphyry-style deposit of gold, copper and molybdenum as follows in Table 1:

Table 1: Taldybulak Global Mineral Resource Estimate (SAMREC 2009)


Classification Quantity Au Au Cu Cu Mo Mo
---------------- --------- ------ ------ ----- ------ ----- ------
(Mt) (g/t) (Moz) (%) (Mlb) (%) (Mlb)
---------------- --------- ------ ------ ----- ------ ----- ------
Indicated 116.5 0.61 2.27 0.19 488 0.01 26
---------------- --------- ------ ------ ----- ------ ----- ------
Inferred 336.2 0.41 4.45 0.16 1,178 0.01 79
---------------- --------- ------ ------ ----- ------ ----- ------
Total 452.7 0.46 6.73 0.17 1,666 0.01 105
---------------- --------- ------ ------ ----- ------ ----- ------

The sheeted-vein system hosted within Taldybulak contains a number of significant, high-grade gold intercepts. Listed below in Table 2 are selections of the shallow mineralised intersections from previous drilling programmes (total historic drill programmes have contributed 127 drill holes) which have formed the basis of the current drilling programme:

Table 2: Taldybulak Deposit: Shallow intersections in the sheeted-vein domain


Hole Number Intersection Details
------------- ------------------------------------------
FROM TO Downhole Au Cu
(m) (m) Interval (g/t) (%)
(m)
------------- ------ ------ ---------- ------- -----
TB0041 94.0 100.8 6.8 2.78 0.29
------------- ------ ------ ---------- ------- -----
TB0044 3.5 8.0 4.5 3.55 0.96
------------- ------ ------ ---------- ------- -----
TB0046 19.8 99.2 79.4 2.16 0.37
------------- ------ ------ ---------- ------- -----
TB0068 38.0 116.0 78.0 1.75 0.35
------------- ------ ------ ---------- ------- -----
TB0083 62.0 80.0 18.0 2.46 0.33
------------- ------ ------ ---------- ------- -----
TB0083 100.0 116.0 16.0 1.77 0.14
------------- ------ ------ ---------- ------- -----
TBDD06-01 5.2 31.6 26.4 1.53 0.37
------------- ------ ------ ---------- ------- -----
including 22.9 29.6 6.7 2.51 0.47
------------- ------ ------ ---------- ------- -----
TBDD06-02 13.6 24.1 10.5 1.15 0.25
------------- ------ ------ ---------- ------- -----
TBDD06-02 39.7 46.5 6.8 1.54 0.44
------------- ------ ------ ---------- ------- -----
TBDD06-02 61.7 69.9 8.2 1.36 0.26
------------- ------ ------ ---------- ------- -----
TBDD06-09 52.0 111.5 59.5 2.99 0.50
------------- ------ ------ ---------- ------- -----
including 83.0 109.4 26.4 4.27 0.44
------------- ------ ------ ---------- ------- -----
TBDD07-05 93.0 119.3 26.3 2.04 0.07
------------- ------ ------ ---------- ------- -----
including 93.0 102.0 9.0 3.62 0.03
------------- ------ ------ ---------- ------- -----

Table 3: Collar Parameters of Taldybulak drill holes containing shallow sheeted-vein domain intersections


Hole Collar Parameters
Number
----------- -----------------------------------------------------------------------
East North RL Azimuth Dip Hole
(m) (m) (m) (true (from Depth
N) horizontal) (m)
----------- ------------- ------------ -------- -------- ------------- -------
TB0041 13,316,505.7 4,715,296.2 2,046.0 0.0 -60.0 300.5
----------- ------------- ------------ -------- -------- ------------- -------
TB0044 13,316,423.2 4,715,486.7 2,028.0 0.0 -55.0 204.4
----------- ------------- ------------ -------- -------- ------------- -------
TB0046 13,316,341.2 4,715,483.5 2,043.6 0.0 -65.0 200.3
----------- ------------- ------------ -------- -------- ------------- -------
TB0068 13,316,389.0 4,715,475.2 2,026.5 - -90.0 463.3
----------- ------------- ------------ -------- -------- ------------- -------
TB0083 13,316,461.7 4,715,328.9 2,026.1 359.5 -65.1 595.0
----------- ------------- ------------ -------- -------- ------------- -------
TBDD06-01 13,316,484.1 4,715,441.5 2,019.6 180.0 -60.0 151.5
----------- ------------- ------------ -------- -------- ------------- -------
TBDD06-02 13,316,348.6 4,715,450.0 2,024.2 0.0 -60.0 150.1
----------- ------------- ------------ -------- -------- ------------- -------
TBDD06-09 13,316,391.1 4,715,476.4 2,026.5 100.0 -60.0 330.1
----------- ------------- ------------ -------- -------- ------------- -------
TBDD07-05 13,316,420.5 4,715,411.6 1,992.8 10.0 -60.0 257.4
----------- ------------- ------------ -------- -------- ------------- -------

Mr Gary Lewis, Executive Director of Tengri Resources commented:

"We are very pleased to announce the finalisation of the community access agreement for the development of the Taldybulak gold-copper deposit. The team at Tengri has been working diligently with the local Aral Community to ensure the appropriate outcome is achieved for all parties concerned.

"Operationally, we have commenced a 2,000m diamond drilling programme at Taldybulak, targeting the shallow, high-grade mineralisation associated with the project. This programme has been designed to uncover a small tonnage, high-grade, gold-copper deposit which can be potentially developed on a low-CAPEX budget.

"The Taldybulak deposit is a very exciting asset for Tengri as we work to unlock the development potential of the broader Talas region. Tengri will continue to prioritise investing in exploration during the summer period with drilling campaigns underway at the 17 986ha Bashkol Project and now Taldybulak. Collectively, these 4,000 metres of drilling should unlock additional value at both projects.

"We are also continuing to assess other development opportunities, both across the Company's project portfolio and more broadly within Central Asia, and look forward to updating shareholders with further news flow in coming weeks."

[the stigologist] 04/8/2014 15:28

0.26 in old money ?

LOL

Treacle was hoping for 5p

just about 20x out

[damp squid] 31/7/2014 11:06

TEN headed for 10p

[swizz] 31/7/2014 07:25

Dm, not a lot to be fair, if you are a pre Tengri holder, my interest has been post the news and an understanding of the assets we now hold, if they manage to get the politics and local jurisdiction in the right place, along with proving up the reserves even further, there could be a lot to like, but it is a big IF IMHO...GL S