Share Talk Ltd

The CEO highlighted the current market conditions, what the company is doing to address this and what IPO’s due in the near future. Paul goes through the company portfolio, with four spin-offs to come. The company is valued like a company that has one, two, three assets, rather than the thirteen the company currently holds within its portfolio. Also, let us not forget 75 million shares held by the CEO. Power Metal Resources plc (LON:POW) is an AIM listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries. The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa and Australia. Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes. Power Metal will develop projects internally or through strategic joint ventures until a pr

Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) announced yesterday that it has received confirmation from the secured bank creditors that they have obtained approval from their credit committees with respect to the proposed terms of the settlement agreement (“Approval”) . Cadence CEO, Kiran Morzaria, commented: “After a long and protracted process, I am delighted to be able to announce to you that we have now received Credit Committee Approval for the secured bank creditors to execute the Settlement Agreement. Cadence can then vest its initial 20% and eventually a further 7%, which in practical terms means we have a clear path and process to get Amapá recommissioned, licensed and back into production.” “On my arrival at Amapá last week, I was deeply impressed by the rapid progress made by the DEV team, with the reconstruction of some of the administrative and community infrastructure already well advanced. We look forward to working alongside both DEV and Indo Sino to continue to develop this asset, creati

Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to announce that it has received confirmation from the secured bank creditors that they have obtained approval from their credit committees with respect to the proposed terms of the settlement agreement (“Approval”) . Highlights: · Bank credit committee approval for secured bank creditors assits in paving the way for Cadence to vest initial 20% in the Amapa Iron Ore Project · On the effective date of the settlement agreement Cadence’s and Indo Sino’s joint venture company will own 99.9% of the Amapa Project · The Amapa Iron Ore Project consists of an integrated mine, processing plant, railway, and privately owned port. It was previously owned by Anglo American and produced 6.1 million tonnes of iron ore per annum, and was valued at US$ 660 million. · The current Mineral Resource of the Amapa Project consists of 176.7 million tonnes grading 39.7% Fe in the Indicated category and 8.7Mt at 36.9% Fe in the Inferred category https://www.shar

This weeks announcement on Power Metal Resources and Australian JV updated the markets with Andrew Bell stepping down from his active role as Chairman and director of Power Metal Resources PLC.  With the update in relation to its investee company Power Metal Resources PLC (“POW”) and its joint venture with POW, Red Rock Australasia Pty Ltd (“RRAL”) which is undertaking gold exploration at its granted licences in the Victoria Goldfields in Australia (the “Projects”).  We took the opportunity to speak with Andrew and ask him a few questions covering the latest news update from the company.  Mr Bell will continue to work with the Company in an advisory capacity for a minimum of 12 months. https://www.share-talk.com/red-rock-resources-lonrrr-andrew-bell-chairman-interview-4/

Empyrean announced being awarded the Drilling Contract for Jade Prospect.  Block 29/11, China –  The Drilling Contract for Jade Prospect including a significantly reduced drilling cost estimate and December target Spud Date. Share Talk took the opportunity to arrange an interview with Tom Kelly CEO, Director & Gaz Bisht Executive Director (China) to ask a few questions and listen to what the company has in store for shareholders.  Here is the list of questions we asked  So the spud date for the Jade prospect is being targeted for 15th to 30th December, can you tell me how long it will take for the well to be drilled and how soon afterwards the results will be known and announced to the market? In the RNS you say that from your 3D seismic, that the basin is a classic “fill to spill” setup, can you explain what you mean by this? Upon making a commercial discovery what percentage will Empyrean have?  Would you then look to take this into production or bring in another partner? Are there any nearby pr

Zephyr Energy plc (AIM: ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development, is pleased to provide an update on its non-operated working interests in the Williston Basin, North Dakota, U.S., to announce the acquisition of two additional non-operated near-term production portfolios in the Williston Basin (the “new acquisitions”), and to announce a joint-venture (“JV”) with Purified Resource Partners LLC (“Purified”) related to ongoing non-operated business development efforts. Colin Harrington, Chief Executive of Zephyr, said: “While the safe and successful completion of the State 16-2 LN-CC well on our Paradox project remains the Company’s top priority, I’m delighted to report continued progress and significant growth on the non-operated side of our business. “As we outlined to Shareholders in January, Zephyr’s key goal for 2021 was to establish production and positive cash flow – either through our existing portfolio, via acquisition, or through a combination of

Alien Metals Ltd (LSE AIM:UFO), update the market on the Hancock Iron Ore Project in the Pilbara region of Western Australia. Today we have Bill Brodie Good, CEO & Technical Director of Alien on the Share Talk platform updating shareholders. Follow the link to view the announcement in full including all figures: http://www.rns-pdf.londonstockexchange.com/rns/5225J_1-2021-8-23.pdf Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update the market on the Hancock Iron Ore Project in the Pilbara region of Western Australia. Highlights · With the final laboratory assay results from the second phase of drilling now received, preparations have begun to optimise the Phase 3 drilling programme, which is anticipated to be completed during Q4 · The Phase 3 programme is designed to target the delineation of a maiden resource estimate at the Western Ridges Prospect · The Phase 2 programme has clearly defined significant widths of direct shipping

ECR Minerals (AIM: ECR) is an AIM-listed mineral exploration and development company, with a strategic objective to deliver the next multi-million oz gold resource in Australia. The company’s wholly-owned Australian subsidiary Mercator Gold Australia Pty Ltd has 100% ownership of the flagship Bailieston and Creswick gold projects in central Victoria, Australia, and has eight licence applications outstanding including two licence applications lodged in eastern Victoria (Tambo gold project). Well-funded following a recent fundraise, ECR currently has some £5m in the coffers, enough to fund all drilling and exploration activities for the foreseeable future. Late last year the company acquired its first drilling rig, currently engaged at Bailieston, and is about to purchase a 2 nd rig to accelerate the series of drilling programmes currently underway. In this regard, ECR is currently engaged in intensive drilling campaigns at both the Bailieston and Creswick gold projects, headed by an experienced explorati

Red Rock Resources PLC announced that it has begun a drilling program of 2,000 m at the Central KKM Gold Prospect, which is the central part of the Mikei gold project in Kenya (MGP). Share Talk spoke to Andrew Bell, Chairman of RRR following the recent receipt of all permits the Company is now beginning the reverse circulation ("RC") drill programme at the Central KKM Gold Prospect The drilling depth will range from 60 to 220 meters. There is also the possibility of expanding the drilling program. Red Rock Project Manager Joseph Komu comments: "I am extremely excited that we finally have the necessary permits for the drilling contractor to mobilize to site and start drilling. We have 19 drill pads ready for the rig and the laboratory is ready to receive the first shipment of samples for assay in the coming weeks. We are optimistic that this initial programme will spur an extended drill programme that will advance the Resource to the next stages of development". Elsewhere in the MGP Red Rock con

Alien Metals Ltd (LSE AIM: UFO), The latest Hancock iron ore production results in the Pilbara region, Western Australia, support the project's potential to become a standalone producer of direct shipping ore (DSO). Initial results of the second drilling phase showed significant widths in DSO-grade intersections at surface at Sirius Extension Project. All intersections at the Sirius project point towards a contiguous DSO-grade deposit with the best initial results from drilling the second phase. These include 47 metres at 61.50%, 78 meters at 61.20% iron and 88 metres @ 60.60% iron. Chief executive Bill Brodie Good stated that "Our Hancock iron ore project is shaping up as a significant development opportunity to Alien." TPI provides its latest research note on Alien Metals Limited "We now have almost all of the data necessary to calculate a maiden JORC resource at Sirius and have defined DSO-grade iron ore for a strike length exceeding 350m at the Sirius extension prospect. Alien Metals enga

In June 2021, Oilex announced the appointment of Roland Wessel as Chief Executive Officer and as a Director of the Company. Roland and the Board believe in the crucial ongoing role that natural gas will play in the energy transition as part of a mix of energy sources required over the next 30 years. Roland will seek to transform Oilex into a carbon-neutral company with carbon capture and storage (CCS) being one future area of focus. Interview formate listed below.  You were recently appointed as Chief Executive Officer and as a Director of the Company to lead the Oilex through the next phase of its development. Roland you are a geologist with 45 years’ experience in all of the world’s major oil and gas regions. Founded and built Star Energy, the UK onshore operator of 25 oil and gas fields, through to its listing on AIM in 2004 and its sale to Petronas in 2008. On your appointment Oilex’s Managing Director, Mr Joe Salomon, said: I look forward to working closely with Roland as we move into an excit

What a week for shareholders after the company announced World-Class Intersection at Sanankorowith 19m @ 31.56 g/t Au from 65m at Zone A. Bert Monro, CEO of Cora, commented, "This drill programme continues to go from strength to strength. 19m @ 31.56 g/t Au is by far the most significant drill hole that Cora has ever drilled. This hole sits outside the existing inferred resource pit shell, starting 50m deeper than the current resource pit shell, so offers even greater upside to the Sanankoro Gold Project. This programme is continuing to deliver very high-grade oxide drill results from shallow depths, offering significant economic potential for the upcoming resource and DFS. https://www.share-talk.com/bert-monro-ceo-of-cora-gold-limited-cora-l-interview-3/

Victoria, Australia continues to enjoy a gold exploration boom, with continued third-party interest in ECR’s Creswick project in Victoria. Discussions are ongoing with respect to a potential commercial transaction in relation to the Creswick project. Craig updates on an aggressive drilling programme, the sheer volume of core and data recovered, company finaces,  these are the questions we asked below.  ECR Minerals PLC said it is currently in commercial discussions with third parties about its Creswick project in Victoria, Australia. are you allowed to update on how these talks are progressing? Your first hole of an 'aggressive drilling programme' at Creswick last week revealed a one-metre intercept at a grade of 9.68 g/t plus other gold anomalies. You guys must be happy with the current drilling programme? The ongoing pace and sheer volume of core and data recovered, along with the licence applications in N Queensland, plus half-year statement is showing 2021 has been a very productive year so far? At

With the Drilling Contract Awarded at Mikei Gold Project in Kenya announced today and the reverse circulation (RC) drill programme has begun yesterday to take the first step towards delineating a resource on the Luanshimba copper-cobalt project in the Haut-Katanga Province of the Democratic Republic of Congo. We took the opportunity to speak with Andrew to get his take on both announcements which look very positive for the company moving forward.  https://www.share-talk.com/red-rock-resources-lonrrr-andrew-bell-chairman-interview-2/

Agreement to Co-develop Renewable Energy Projects in South Africa Kibo Energy PLC, the multi-asset, African focused energy company, announced on the 16th June 2021 - that it has entered into an agreement with South Africa-based Industrial Green Solutions (Pty) Ltd (‘IGES’) ( https://www.industrialgreenenergy.com/ ) to jointly develop a portfolio of Waste to Energy projects in South Africa (‘the Agreement’) with an initial target of generating more than 50 megawatts of electricity for sale to industrial users. The Agreement, which is subject to the satisfaction of certain conditions, is in line with Kibo’s strategy to integrate renewable energy into its project pipeline, which includes three utility-scale power generation and mining projects. Louis Coetzee, CEO of KIBO said: “This opportunity to enter the South African waste to energy market in strategic partnership with Lesedi and IGES, is a win – win for all parties. For Kibo, today’s Agreement is in line with our strategy to integrate sustainable envi

Positive update on its first drill results from the Zone A deposit that confirm good widths and grade in oxide ore, including 29m @ 3.32 g/t Au, representing the fifth set of results from its largest-ever drilling campaign. We took the opportunity to speak with Bert Monro, CEO of Cora Gold as the company looks forward to more results from Zone A & B, & Phase 2 at Selin  The Company plans to have drilled up to a total of 35,000m by end of July 2021, with a dual focus on targeting resource growth as well as infill drilling to convert existing Inferred resources. Bert Monro, CEO of Cora, commented, "The first set of results in this drill campaign at Zone A have followed on strongly from Selin and confirmed more holes of good widths and grade in oxide ore, including 29m @ 3.23 g/t Au from 66m depth. While we await further results from this target over the coming weeks, three rigs are now drilling back at Selin for the follow-up deeper Phase 2 programme and a fourth rotary air blast ('RAB') rig owne

Financial Close of MetalNRG’s participation in the recommissioning of Italian waste-to-energy plant with EQTEC technology Rolf Gerritsen, CEO of MetalNRG, commented: “Our strategic partnership with EQTEC has now resulted in our first joint investment along with the two-family offices mentioned. The sustainable waste-to-energy project meets our investment criteria and I look forward to updating the market with progress about this exciting project.” The person who arranged for the release of this information is Rolf Gerritsen, the Company’s Chief Executive Officer. https://www.share-talk.com/rolf-gerritsen-ceo-of-metalnrg-plc-mnrg-l-interview-6/

Phase 2 Drilling completed at Hancock Initial pXRF results indicate further significant High-Grade Iron Ore intersected Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: "Being able to retain the same drill rig and crew for this critical second phase of drilling, particularly when there is such a high level of demand in WA, was a great coup for us and we are delighted to have completed this second phase so quickly after the first. With the early observations from geological logging and the pXRF monitoring, we are very hopeful the results will confirm our interpretation. "We now hope to be in a position to produce a maiden inferred resource on the Sirius Extension prospect and subsequently plan some further pinpoint drilling in order to develop potential additional resources on one or several of the western ridges. We plan to further explore Ridges C and E while advancing exploration on the highly prospective and pretty much non explored remaining extensive ridges we hav

Share Talk spoke with Bill Brodie Good, CEO & Technical Director of Alien Metals about today announcement that Capstone have decided not to proceed with the exploration on Donovan 2. Bill explains the decision making behind today update.  Alien Metals Ltd (LSE AIM:UFO), a minerals exploration and development company, has been advised by Capstone Mining Corp of the termination, with effect from 9 July 2021 (the “Termination Date”), of the Earn-in Agreement signed between Alien, Estrella de Plata, Capstone Mining Corp. and Capstone Gold S.A. de C.V. (together, “Capstone”) on 22 October 2020 (the “Agreement”). The Earn-in Agreement relates to the Company’s Donovan 2 Copper-Gold project (the “Project”) in Mexico. Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “Capstone have decided not to proceed with the exploration on Donovan 2 advising that their corporate strategy has shifted and also that they did not receive sufficient confidence from their maiden drilling recently

Oilex Ltd (the Company) is pleased to announce that, further to recent announcements, the conditional binding sale and purchase agreement to acquire GSPC's 55% participating interest (PI) in the Cambay Production Sharing Contract (Cambay) (the Acquisition) has now been executed by both parties. The ratification of the Acquisition by the Government of India is expected to occur in the coming months, which is the last outstanding condition to completion of the Acquisition Following completion of the previously announced equity raise, and shareholder approval provided on 8 June 2021, Oilex is currently securing a bank guarantee for the US$2.2 million consideration payable for the Acquisition. Oilex's Managing Director, Mr Joe Salomon, said: "Finalisation of this transaction marks an important milestone in re-establishing access to high potential gas production at the Cambay gas field and positions the Oilex, once more, as an active Indian energy company. Oilex remains one of the few international companies