Proactive - Interviews for investors

Lithium Energy Ltd (ASX:LEL) executive chairman William Johnson sits down with Proactive’s Jonathan Jackson to discuss the sale of its 90% stake in the Solaroz Lithium Brine Project in Argentina for up to US$63 million (~A$97 million). The binding Share Sale Agreement was made with CNGR Netherlands New Energy Technology B.V., a subsidiary of CNGR Advanced Material Co Ltd. This transaction values Lithium Energy's shares at A$0.865 each, a 79% and 52% premium over its three-month and one-month VWAP, respectively. Johnson notes that this decision followed a strategic review and multiple offers, reflecting significant value creation since the company’s IPO in May 2021, when shares were priced at $0.20. The sale aims to eliminate development and funding risks and boost the company’s cash reserves, enabling future investments in battery minerals. The board is also considering a potential shareholder distribution following the sale’s completion. CNGR will pay a US$1.8 million deposit, with the remainder due as follows: US$53.7 million at completion, US$3 million held in escrow for two years, and US$4.5 million in deferred payments contingent on future lithium prices. The transaction includes selling Lithium Energy's shares in Solaroz S.A. and a loan assignment, with completion expected in the fourth quarter of 2024, pending shareholder and regulatory approvals. This sale is part of Lithium Energy’s broader strategy to realign its investment focus within the battery minerals sector, following the completion of the Solaroz sale and the proposed spin-out and IPO of Axon Graphite Limited. #ProactiveInvestors #LithiumEnergy #ASX #LEL, #SolarozProject, #BatteryMinerals, #CNGRNetherlands, #LithiumSale, #ASX, #LithiumInvestment, #ShareSale, #MineralConcessions, #EnergySector, #StrategicSale, #IPO, #ShareholderValue, #InvestmentOpportunities, #PrecursorMaterials, #ArgentinianMining, #LithiumMarket, #CorporateStrategy, #TechnologyTransfer #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Alligator Energy Ltd (ASX:AGE, OTC:ALGEF) CEO Greg Hall sits down with Jonathan Jackson in the Proactive studio to talk about significant uranium discoveries following resource extension drilling at the Samphire Uranium Project near Whyalla, South Australia. The drilling, which ran from late January to mid-April, included 49 drill holes spanning 4,089 metres. This initiative aimed at the Blackbush deposit's roll fronts has revealed noteworthy uranium intersections, aligning with strategic exploration objectives. Ground gravity surveys played a crucial role in identifying the target palaeochannels, enhancing the accuracy of deposit targeting. Significant results include intersections of 4.44 metres at 0.43% uranium (pU3O8) from 61.38 metres, 1.47 metres at 0.40% from 60.68 metres, 0.75 metres at 0.64% from 63.57 metres and 1.17 metres at 0.30% from 64.24 metres. These findings not only extend the known mineralisation within the Blackbush deposit but also suggest possible expansions into new areas. Drilling will resume in mid-May after a break for the pastoral lambing season, with a focus on exploring Extension Area 2 and expanding into the Blackbush North Target Area. Alligator Energy has committed to continuous drilling through 2024 and plans to update its mineral resource estimate by the fourth quarter. #ProactiveInvestors #AlligatorEnergy #ASX #UraniumMining, #ResourceDrilling, #SamphireUraniumProject, #Whyalla, #SouthAustralia, #UraniumExploration, #Mining, #MineralResources, #Energy, #UraniumMarket, #GroundGravitySurveys, #ExplorationGoals, #Mineralisation, #EconomicGeology, #ResourceEstimate, #DrillingProgram, #ResourceExtension, #MiningOperations, #SustainableMining #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Cyclone Metals Ltd (ASX:CLE) CEO Paul Berend is back with Proactive after the company cut the ribbon on results from the first phase of metallurgical test-work at its Iron Bear Project in Canada. The team is celebrating after the program generated high-quality, high-yield iron ore concentrates —a crucial step in Cyclone's efforts to advance sustainable steel manufacturing through its flagship magnetite project. The pilot plant at Corem in Quebec City processed roughly half a tonne of source sediment, initially containing 29.1% total iron (Fe). Positively, Berend says the test results surpassed previous efforts, producing a direct reduction (DR) concentrate with a 71.3% Fe grade and 1.1% silicon dioxide (SiO2). This high-grade DR concentrate is pivotal for steel production via direct reduction technologies, aligning with the industry's shift towards more environmentally friendly practices. Additionally, the plant achieved a blast furnace concentrate with 69.8% Fe and 3.4% SiO2 and a reverse flotation (RF) concentrate grading 68.3% Fe and 4% SiO2. These results contribute to improved overall recovery rates and product quality while maintaining low levels of deleterious elements, essential for clean steelmaking inputs. What’s more, Iron Bear’s location near Schefferville on the border between Newfoundland and Labrador and Quebec provides strategic advantages. According to Berend, proximity to key infrastructure like an open-access heavy haul railway and potential access to renewable energy from the nearby Menihek hydro-plant enhances the project's economic viability. The project’s magnitude is also a factor: a mineral resource update, released this month, puts the project at 16.6 billion tonnes of iron grading 29% total Fe and 18.2% magnetic Fe under JORC standards. These substantial resources, coupled with the recent pilot plant test-work, place Cyclone Metals at the forefront of developing next-generation low-carbon iron ore products. Moving ahead, the company has initiated phase two of the pilot program, planning to produce larger sample sizes for further testing and potential client trials as it works to foster partnerships for future offtake agreements. #ProactiveInvestors #CycloneMetals #ASX #IronBearProject #GreenSteel #SustainableManufacturing #MagnetiteMining #SteelProduction #MetallurgicalTesting #PilotPlant

Resource Mining Corporation Ltd (ASX:RMI) director Trevor Matthews joins Proactive to discuss high-grade copper-gold results from ongoing exploration at the Mpanda Project in Tanzania. Significant findings include rock chip samples with up to 6.97% copper and 17.97 g/t gold, and 6.93% copper with 6.54 g/t gold, collected from the Kabungu copper anomaly. Additionally, channel sampling at the Stalike anomaly showed promising results, including 1 metre at 2.3% copper, part of a 5-metre section averaging 1.13% copper. Two auger drill holes at Ndogo anomaly also indicated mineralised copper values, with samples including 1 metre at 0.20% and 0.21% copper. This supports the potential significant resource, as the copper anomaly extends over 5 kilometres along strike. Matthews highlights the positive impact of these results on defining further exploration and exploitation opportunities within the extensive tenement package. He expressed confidence in developing significant copper-gold projects in the near future, driven by robust copper and gold markets. Further exploration plans include more drilling and detailed geological mapping, particularly in the Mpanda Ndogo anomaly. This ongoing work aims to refine the understanding of the mineralisation and prepare for future resource development. The results so far affirm the presence of copper-gold mineralisation linked to the soil anomalies previously identified.

Sintana Energy CEO Robert Bose joined Steve Darling from Proactive to detailed the outcomes of their exploration campaign in Namibia, highlighting the discovery of oil across multiple horizons in the Mopane wells, with one well testing at a flow rate of 14,000 barrels per day. The estimated reserves exceed 10 billion barrels, positioning Mopane among the largest oil discoveries globally in recent decades. Bose also discussed the enhanced visibility and investor interest following these discoveries, noting a rise in trading volumes and stock response. The company also revealed that Chevron Namibia Exploration, an affiliate of Chevron Corp., has entered into an agreement to join Petroleum Exploration License 82 (PEL 82). Under the agreement, Chevron assumes an 80% working interest and operatorship, while NAMCOR and Custos Energy each retain a 10% carried interest in PEL 82. Sintana, with an indirect 49% interest in Custos, maintains a strategic position within the license. Bose emphasized the expanding partnership with Chevron as a testament to the quality of Sintana's Namibian portfolio, highlighting the timeliness of the entry into PEL 82 and the portfolio's unmatched potential as Namibia emerges as a significant hydrocarbon province. Additionally, Sintana has entered into a definitive agreement with Crown Energy for the acquisition of up to 67% of Giraffe Energy and its 33% interest in Petroleum Exploration License 79 (PEL 79). This acquisition provides Sintana with an attractive entry into a high-impact license with substantial upside potential, further expanding its exposure to Namibia's Orange Basin, which is gaining recognition as a prominent hydrocarbon province. PEL 79 presents a unique opportunity for Sintana, as it is one of the last remaining licenses not operated by a private operator. The acquisition underscores Sintana's commitment to strategically positioning itself in promising exploration areas, poised for significant growth and value creation. #proactiveinvestors #sintanaenergyinc #tsxv #sei #otcqb #seusf #OilExploration, #NamibiaOil, #MopaniWell, #OilDiscovery, #EnergySector, #OffshoreDrilling, #OilReserves, #ChevronPartnership, #WalvisBasin, #OrangeBasin, #GiraffeEnergyAcquisition, #NamibianOil, #InvestorInterest, #StockMarket, #OilAndGasIndustry, #CorporateExpansion, #GlobalOilDiscoveries, #ResourceDevelopment, #StrategicPartnerships #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Tokens.com CEO Andrew Kiguel joined Steve Darling from Proactive to unveil the company's strategic pivot towards AI and robotics, marking a significant step to position itself as a pioneer in technological innovation. Tokens.com recently completed the acquisition of Simulacra Corporation, a leading specialist in AI for companionship and ultra-realistic humanoid robots. These cutting-edge technologies are not only designed for interactive companionship but also find applications across entertainment, healthcare, and education sectors. Kiguel emphasized the transformative potential of humanoid robots in various domains, including classrooms for interactive teaching experiences and healthcare settings for providing companionship and assistance to patients. Tokens.com has already demonstrated the practical utility of its technologies through successful projects with prominent entities like the US military and Johns Hopkins Hospital. Moreover, Tokens.com is exploring novel governance applications by considering the integration of AI-enabled robots as advisors on its board. This strategic move underscores the company's commitment to leveraging AI to enhance decision-making processes while ensuring impartiality and efficiency. With over $20 million in revenue, Tokens.com has solidified its position as a leader in the field of humanoid robotics, distinguishing itself from competitors such as Boston Dynamics and Tesla. The acquisition of Simulacra Corporation marks a significant milestone in Tokens.com's journey towards innovation and technological advancement. #proactiveinvestors #tokens.comcorp #tsxv #coin #ai #artificilintellegence #AI, #Robotics, #AndrewKiguel, #HumanoidRobots, #Technology, #ArtificialIntelligence, #HealthcareTech, #EducationTech, #AICompanionship, #TechAcquisition, #SimulaChakra, #TechLeadership, #AIInnovation, #FutureTech, #AIBoardAdvisor, #TechRevenue, #TechIndustry, #CorporateAI, #TechGovernance #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

ETC Group founder and chief strategy officer Bradley Duke discusses recent trends in Bitcoin's market performance and future expectations with Proactive's Stephen Gunnion. He noted Bitcoin's peak prices above $72,000 in March and April, attributing these to the SEC approval of spot Bitcoin ETFs in the US. Duke described the subsequent price retracement to below $60,000 as a normal aspect of market cycles, involving profit-taking and no cause for panic. Regarding the Bitcoin halving event, Duke explained that while immediate effects on Bitcoin prices are minimal, historical data shows significant price movements tend to occur around 100 days post-halving, with the most pronounced effects about 400 days later. He linked these movements to reduced mining rewards, which gradually impact supply and, by extension, prices. Additionally, Duke shared ETC Group's projection that Bitcoin could reach or surpass $100,000 by the end of 2024, which is conservative compared to some investment bank forecasts. He also highlighted the launch of the ETC Group Core Bitcoin ETP (BTC1), designed to enhance liquidity by aligning with trading times across North America, Europe, and Asia Pacific. #ETCGroup, #BradleyDuke, #Bitcoin, #Cryptocurrency, #ETFs, #SEC, #BitcoinPrice, #CryptoMarket, #Investment, #BitcoinHalving, #BTC, #CryptoETP, #CryptoTrading, #BitcoinForecast, #Blockchain, #CryptoInvestment, #DigitalCurrency, #MarketTrends, #FinancialMarkets, #EconomicAnalysis #proactiveinvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Rainbow Rare Earths Ltd CEO George Bennett joins Proactive's Stephen Gunnion with details of a Financial Times feature that highlighted the company's Phalaborwa rare earths project as a bellwether for US critical minerals policy. Bennett highlighted the US Development Finance Corporation's commitment of $50 million to Phalaborwa, which is recognized for its potential to become the highest-margin rare earth project globally. Despite recent volatility in critical mineral prices, Bennett stated that Rainbow could maintain substantial EBITDA margins even at lower market prices due to its strategic and economical project design. Bennett also addressed the global dependency on Chinese rare earth supplies, noting China’s dominance in production and processing critical for modern technology and defence applications. He proposed that the US government should consider stockpiling rare earths to secure a stable supply chain outside of China. This would support the development of a strategic supply chain in the West, enhancing global supply security. Furthermore, Bennett expressed confidence in the resilience of the Phalaborwa project against price fluctuations, citing its innovative recycling of gypsum waste in South Africa as a key factor in its low production costs and high profitability potential. #RainbowRareEarths #GeorgeBennett #RareEarths #CriticalMinerals #USPolicy #ChinaSupplyChain #SustainableMining #GypsumRecycling #TechnologyMetals #DefenseIndustry #ElectricVehicles #GreenEnergy #SupplySecurity #StrategicStockpiling #USDevelopmentFinance #MineralProcessing #EconomicResilience #MarketVolatility #ResourceManagement #GlobalSupplyChain #TechInnovation #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Sovereign Metals Limited managing director Frank Eagar joins Proactive's Stephen Gunnion with details of key developments. The company has appointed Dr Surinder Ghag as chief technology officer for graphite, marking a strategic move to enhance its operations in graphite production, particularly for the lithium-ion battery industry. Garg, noted for his expertise in anode materials for batteries, is expected to play a critical role in developing Sovereign Metals’ downstream test work programs. Sovereign Metals also announced the procurement of an industrial-scale spiral concentrator, which will be used to increase graphite concentrate sample preparation at their Malawi facility. This equipment is intended to replicate the plant's future operations and is currently being commissioned in Cape Town before being shipped to Malawi. This setup will enable Sovereign Metals to produce larger bulk samples of graphite concentrate, crucial for qualifying the material for high-end applications like battery manufacturing. Eagar highlighted that graphite will account for 50% of the company's revenue streams, underscoring its importance to their business model. Looking ahead, Sovereign Metals is planning a trial mine and trial rehabilitation program in collaboration with strategic investor Rio Tinto, aiming to generate the necessary materials for the new spiral concentrator plant. #SovereignMetals, #GraphiteProduction, #LithiumIonBatteries, #BatteryTechnology, #MineralSands, #Mining, #Malawi, #FrankEagar, #SurinderGarg, #TechnologyOfficer, #IndustrialEquipment, #SamplePreparation, #GraphiteConcentrate, #SpiralConcentrator, #TestWorkProgram, #BatteryIndustry, #DownstreamProcess, #StrategicInvestment, #RioTinto, #ResourceDevelopment #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

ETC Group founder and chief strategy officer Bradley Duke discusses recent trends in Bitcoin's market performance and future expectations with Proactive's Stephen Gunnion. He noted Bitcoin's peak prices above $72,000 in March and April, attributing these to the SEC approval of spot Bitcoin ETFs in the US. Duke described the subsequent price retracement to below $60,000 as a normal aspect of market cycles, involving profit-taking and no cause for panic. Regarding the Bitcoin halving event, Duke explained that while immediate effects on Bitcoin prices are minimal, historical data shows significant price movements tend to occur around 100 days post-halving, with the most pronounced effects about 400 days later. He linked these movements to reduced mining rewards, which gradually impact supply and, by extension, prices. Additionally, Duke shared ETC Group's projection that Bitcoin could reach or surpass $100,000 by the end of 2024, which is conservative compared to some investment bank forecasts. He also highlighted the launch of the ETC Group Core Bitcoin ETP (BTC1), designed to enhance liquidity by aligning with trading times across North America, Europe, and Asia Pacific. #ETCGroup, #BradleyDuke, #Bitcoin, #Cryptocurrency, #ETFs, #SEC, #BitcoinPrice, #CryptoMarket, #Investment, #BitcoinHalving, #BTC, #CryptoETP, #CryptoTrading, #BitcoinForecast, #Blockchain, #CryptoInvestment, #DigitalCurrency, #MarketTrends, #FinancialMarkets, #EconomicAnalysis #proactiveinvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Technology Minerals PLC chairman Robin Brundle provides insights into the company's operations and strategy in an interview with Proactive's Stephen Gunnion. The company focuses on raw material exploration needed for lithium-ion batteries and addresses ecological issues by recycling these batteries for reuse. Technology Minerals is developing the UK's first sustainable circular economy for battery metals, incorporating a leading recycling process at its Wolverhampton plant, capable of handling all types of lithium-ion battery chemistries. Brundle highlighted the company's achievements, including the operation of the UK’s first full-scale industrial plant for recycling lithium-ion batteries, and a lead acid recycling facility in Tipton, West Midlands. The company is also involved in early-stage mining projects and recently secured a $10 million deal for its Irish assets. Key leadership, including Brundle and co-director Alex Stanbury, bring diverse experiences from corporate finance, mineral exploration, and technology sectors. Over the next six to 18 months, Technology Minerals anticipates significant milestones like the expansion of its recycling facilities and partnerships for refining black mass. The company stands out in the industry by not patenting its unique recycling process but instead keeping the intellectual property private, maintaining a competitive edge. Brundle expressed pride in the company's British roots and its role in the British Stock Exchange. He also shared personal reflections on past business challenges and the importance of agility in the technology sector. #TechnologyMinerals #RobinBrundle #BatteryRecycling #LithiumIon #SustainableEnergy #CircularEconomy #UKIndustry #RecyclingTechnology #RawMaterials #LeadAcidRecycling #MiningProjects #BatteryTechnology #EcoFriendly #IndustrialRecycling #GreenTech #BritishTechnology #RenewableEnergy #BatteryManufacturing #EnvironmentalImpact #CorporateLeadership #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Argent BioPharma managing director and CEO Roby Zomer speaks to Proactive's Stephen Gunnion following the company's rebranding from MGC Pharmaceuticals, alongside a comprehensive restructuring. Zomer explained the shift marks a refined focus on the pharmaceutical sector, discarding previous activities not aligned with pure pharmaceutical processes. Zomer highlighted the company’s advancement in drug discovery, particularly through a multidisciplinary approach and modern technologies such as nanotechnology and mRNA modulation. These innovations are targeted at addressing unmet medical needs. The company has developed notable products including CannEpil and CimetrA. CannEpil targets refractory epilepsy and has shown efficacy in controlling seizures without reported adverse events. CimetrA, developed during the COVID-19 pandemic, is designed to alleviate COVID-19 symptoms and prevent cytokine storms, with potential applications in treating other autoimmune diseases. Both drugs are now being prescribed in key markets including the United States and Europe. Zomer expressed optimism about the future, emphasizing ongoing research and progress in obtaining regulatory approvals. The focus will remain on enhancing early patient access schemes, which are expected to significantly impact revenue. Over the next 24 months, Argent BioPharma plans to introduce more innovative treatments to the market. #ArgentBioPharma, #RobyZomer, #pharmaceuticals, #drugdiscovery, #rebranding, #Kindapill, #Symetra, #nanotechnology, #mRNA, #medicalinnovation, #refractoryepilepsy, #COVID19treatment, #cytokinestorm, #autoimmunediseases, #FDA, #EUMedicines, #UKMedicines, #healthcare, #biopharma, #medicalresearch #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Poolbeg Pharma PLC (AIM:POLB, OTCQB:POLBF) chief legal officer John McEvoy joins Proactive's Stephen Gunnion with news that POLB 001's Immuno-modulator II has received the fully granted patent from the US Patent Office. McEvoy explained the patent encompasses a class of drugs for treating and preventing hypercytokinemia (cytokine storms) in patients triggered by an immune response, applicable across multiple disease indications. The granted patent further solidifies Poolbeg Pharma's robust intellectual property portfolio for POLB 001, potentially increasing the asset's value and making it more attractive to potential partners. McEvoy highlighted the company's ongoing efforts to strengthen and expand their IP portfolio, noting existing patents covering p38 MAP kinase inhibitors for influenza treatment and hypercytokinemia. Additional patents have been filed, particularly focusing on cancer immunotherapy applications of POLB 001. The company has also applied for patents concerning dosage regimens based on results from their recent LPs trial, aiming to protect innovations and maintain a competitive edge in the pharmaceutical market. This strategic IP protection is crucial for safeguarding the company's products and ensuring shareholder value, particularly as they seek partnerships to further develop POLB 001. #PoolbegPharma, #POLB001, #Immunomodulator, #USPatentOffice, #IntellectualProperty, #Pharmaceuticals, #CytokineStorm, #Hypercytokinemia, #PatentGranted, #DrugDevelopment, #MedicalInnovation, #CancerImmunotherapy, #InfluenzaTreatment, #PharmaIndustry, #JohnMcEvoy, #HealthcareNews, #Biotech, #ClinicalTrials, #PharmaPartnerships, #MedicalResearch #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Nexus Minerals Ltd managing director Andy Tudor joined Proactive's Stephen Gunnion with details of a significant expansion of the Crusader Templar resource at the Wallbrook gold project, which now exceeds 300,000 ounces. This growth is attributed to extensive drilling activities conducted throughout 2021 and 2022, with the resource update encompassing a more comprehensive analysis of the geology and mineralisation. Tudor emphasised the higher quality of this resource, marked by a lowered cut-off grade that better reflects the deposit's specific characteristics. Economic factors have played a crucial role in the updated resource estimate, with increased emphasis on potential economic extraction prospects, which have been integrated into the 2024 Mineral Resource Estimate. The updated estimate also considers dilution, recovery rates, and current gold prices, among other economic variables. Tudor also discussed ongoing mining studies and a scoping study that is well underway, which incorporates extensive current data on metallurgy, geotechnical aspects, and environmental factors. This includes flora and fauna surveys, heritage assessments, and logistical considerations such as proximity to existing infrastructure. Despite the significant increase in the resource estimate, Nexus Minerals continues to explore further, with additional drilling planned to enhance the understanding of the deposit's potential and refine the economic viability of extracting these resources. #NexusMinerals, #AndyTudor, #CrusaderTemplar, #ResourceExpansion, #GoldMining, #MineralResources, #EconomicExtraction, #MiningStudies, #ScopingStudy, #Geology, #Mineralization, #Drilling, #GoldPrice, #Metallurgy, #Geotechnical, #EnvironmentalImpact, #HeritageSurveys, #MiningInfrastructure, #ExplorationDrilling, #ResourceEstimate #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

London’s FTSE 100 has edged higher after several companies posted better-than-expected results. Clothing retailer Next kept with its tradition of under-promising and overdelivering after its first-quarter sales came in stronger than previously forecast. Despite the sales beat, second-quarter revenues are expected to slip, meaning full-year guidance has been maintained for the time being. GSK also beat its first-quarter guidance, with both sales and profits coming in higher than analysts had forecast. However, unlike Next, the pharma giant now expects stronger operating profits and earnings per share growth in the full year. GSK-listed spin-off Haleon also reported its first quarter results this morning, but with sales slowing due to currency headwinds, it was not in a position to tweak guidance higher. Similarly, Aston Martin Lagonda also kept its guidance the same after its revenues dropped by a double-digit percentage and its underlying earnings tumbled 34%. In macro news, markets will likely keep attention fixed on the US tonight, as the Federal Reserve looks to decide on whether to begin cutting or maintain interest rates. #proactiveinvestors #marketreport #ftse #ftse100 #footsie #gsk #next #haleon #astonmartin #fed #federalreserve #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Botala Energy Ltd (ASX:BTE) non-executive director Peter Grant sits down with Proactive’s Jonathan Jackson to discuss several milestones passed during the March quarter including the receipt of environmental approval for the commercial development of its Serowe Coal Bed Methane (CBM) project, known as Project Pitse, in Botswana. This marks a significant step in transitioning the project from exploration to production, allowing for the construction of around 100 kilometres of pipeline linking the wellfield to the upcoming Leupane Energy Hub and Industrial Park near Palapye. The company has completed a coring program at the S3-4 well under Project Pitse and has initiated desorption testing of the cores to ascertain the gas content of the coal seams. The outcomes of these tests are crucial as they will help refine resource estimates and enhance the feasibility of the project. Additionally, Botala Energy has completed a geophysical survey aimed at optimally locating three new exploration wells. These wells are planned for drilling in the next two quarters and will explore coal seams to the south and east of Project Pitse, potentially expanding the operational area and increasing the resource base. Grant highlights that these developments significantly de-risk the project and strengthen the company’s position with potential partners. He emphasized Botala Energy’s commitment to sustainable energy development in line with global standards. Looking ahead, Botala Energy remains focused on advancing its flagship Serowe CBM Project along with its renewable energy initiatives. The company has also provided updates on gas desorption testing and technical mapping subsequent to the previous quarter's achievements. #ProactiveInvestors #BotalaEnergy #ASX #ProjectPitse #SeroweCBMProject #EnvironmentalApproval, #SustainableEnergy, #Botswana, #CoalBedMethane, #EnergyDevelopment, #RenewableEnergy, #EnergyHub, #IndustrialPark, #GasExploration, #ResourceEstimation, #GeophysicalSurvey, #EnergyProduction, #NaturalGas, #MethaneExtraction, #EnergySector, #ExplorationDrilling, #EnergyTransition #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Far East Gold Ltd (ASX:FEG) joins Jonathan Jackson in the Proactive studio to discuss new findings from ongoing exploration activities at the Trenggalek Copper Gold Project. In conjunction with Eurasian Resources Group (ERG), the companies have identified an additional porphyry-related mineral system at the Ngerdani target area, further expanding the project's potential. The recent updates are supported by reinterpretations of structural and magnetic data, along with recent surface mapping and rock sampling. A key development includes 3D magnetic inversion modelling of historical ERG magnetic survey data which revealed the presence of a deep magnetic body associated with extensive advanced argillic alteration and coincides with high temperature clays, mineralized hydrothermal breccia and elevated molybdenum levels in soil, suggesting the presence of a porphyry system. Historical exploration data from Ngerdani includes significant trench channel sample assays such as 10 metres at 26.38 g/t gold, including 2 metres at 131 g/t, among others. These findings, particularly the high-grade zones, are associated with hydrothermal breccia featuring a black silica-pyrite matrix, indicating the potential scale of the mineral system. The identification of this new porphyry system brings the total number of porphyry-related systems within the Trenggalek IUP to six, with nine specific targets now defined for testing in the planned Phase 1 drill program. Far East Gold plans to continue its assessment of the Ngerdani prospect to define the optimal location for a scout drill hole. This drilling will aim to test the potential for significant porphyry-type mineralisation, building on the promising geological indicators already identified. #ProactiveInvestors #FarEastGold #ASX #TrenggalekProject #CopperGoldExploration, #PorphyrySystem, #MiningExploration, #Geophysics, #MineralSystems, #GoldMining, #CopperMining, #ERG, #GeologicalMapping, #ResourceExploration, #MiningIndustry, #ASXAnnouncements, #DrillingProgram, #ExplorationUpdate, #MineralExploration, #PorphyryCopper, #GoldAssay, #ExplorationGeology #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

QMines Ltd (ASX:QML) executive chairman Andrew Sparke sits down with Jonathan Jackson in the Proactive studio to discuss the company milestone Pre-Feasibility Study (PFS) for its flagship Mt Chalmers project, located 17km north-east of Rockhampton, Queensland. The PFS evaluates the commercial viability of a standalone mining operation focusing exclusively on the Mt Chalmers Resource, with the potential addition of resources from Develin Creek (Sulphide City & Scorpion) and Woods Shaft providing further growth opportunities. The study proposes a three-stage open pit mining operation with an onsite processing plant designed by COMO Engineers to handle one million tonnes of ore per annum (1Mtpa). The processing plant will produce copper/gold, zinc/silver, and pyrite/gold concentrates using standard crushing, grinding, and flotation techniques. The flow sheet accounts for two types of ore material—Volcanic Hosted Massive Sulphide (VHMS) and Stringer material, with a planned throughput composition of 30% VHMS and 70% Stringer. Key financial metrics from the PFS indicate a robust outlook for the Mt Chalmers project: · Capital cost estimate: A$191 million · Initial mine life: 10.4 years · Life of mine revenue: A$1.64 billion · Life of mine free cash flow: A$636 million · Net Present Value (NPV8): $373 million · Internal Rate of Return (IRR): 54% The estimated production for the initial life of the mine includes 65,000 tonnes of copper, 160,000 ounces of gold, 30,600 tonnes of zinc, 1.8 million ounces of silver, and 583,000 tonnes of pyrite. Additionally, a maiden ore reserve of 9.6 million tonnes (Proved and Probable) has been declared. The PFS concludes that the Mt Chalmers project is technically achievable and commercially viable, presenting an opportunity for QMines to establish a significant presence in the critical metals sector. The project’s attractive risk-return profile and clear potential for enhancing returns through production rate increases and life extension further underscore its strategic value. #ProactiveInvestors #ASX #QMines, #MtChalmersProject, #PreFeasibilityStudy, #MiningAustralia, #CopperMining, #GoldMining, #ZincMining, #SilverMining, #MiningInvestment, #ResourceDevelopment, #CriticalMetals, #MiningOperation, #MineralProcessing, #MiningEconomics, #InvestmentOpportunity, #MiningSector, #SustainableMining,

Leeuwin Metals Ltd (ASX:LM1) joins Proactive’s Jonathan Jackson to discuss the progress in its operations during the last quarter and what’s to come, particularly highlighting the Cross Lake Lithium Project in Manitoba, Canada. Piggott emphasises the advancement of this project, where 4.7 kilometres of lithium-rich pegmatites have been identified and sampled, showcasing the site's potential for a large-scale lithium operation. The company is poised to start its maiden drilling program at Cross Lake, with plans to drill a 2,500-metre phase-1 program targeting multiple high-grade spodumene-bearing pegmatites. This will be the first significant exploration in the area in over 40 years, focusing on known high-grade intercepts and aiming to explore both shallow mineralisation and down dip extents with hole depths ranging from 50 to 200 metres. In addition to Cross Lake, Leeuwin Metals is reviewing work at the William Lake Nickel Project in Manitoba, exploring for nickel and platinum group elements (PGE). This review aims to guide further exploration and identify additional PGE opportunities. In Western Australia, Leeuwin started field activities in early 2024, with soil sampling revealing a promising 9.5-kilometre rare earth elements (REE) anomaly in the Gascoyne region. The company has conducted further mapping and sampling, with assay results pending, and continues to explore additional tenure opportunities in this region. Leeuwin Metals maintains a robust cash position and a focused exploration team, both crucial as they advance these critical metals projects in Canada and Australia. The upcoming summer season's activities, including detailed mapping and geochemical sampling, are anticipated to further underscore the exploration potential across its diverse portfolio.

Anson Resources Ltd (ASX: ASN, OTCQB: ANSNF) CEO and MD Bruce Richardson joins Jonathan Jackson in the Proactive studio to discuss the significant progress at its Green River Lithium Project in the Paradox Basin, south-eastern Utah, USA, with the extraction of supersaturated brine from the Mississippian Units. This development confirms the potential for Green River to become Anson's second lithium project in Utah. The Bosydaba #1 well at Green River, located on newly acquired private property, penetrated the Mississippian Units, which measured over 255.55 metres in thickness and exhibited high pressures of 4,900 psi. The brine, with a density of 9.5 pounds per gallon, flowed into the well from a depth of 10,470 to 11,210 feet and reached up to 600 feet below the surface. Anson's experience from the nearby Paradox Lithium Project has been leveraged to accelerate exploration and mineral delineation at Green River. The high pressure and porosity noted in the Bosydaba #1 well confirm the geological conditions favourable for lithium extraction, similar to those at the Paradox project. Extracted brine samples are being stored in a 400-gallon frac tank and Intermediate Bulk Containers (IBCs) for ongoing process testing and metallurgical work. These samples will be sent to a certified laboratory in Texas for assaying lithium, iodine, bromine, boron and other minerals. Additionally, a 400-barrel tank of brine has been collected for process testing at Anson's Sample Demonstration Plant (SDP), which is fully commissioned with capabilities for lithium extraction and purification. The SDP operates continuously, producing high-purity lithium carbonate for potential offtake partners. The Bosydaba #1 well remains open to allow further brine extraction for ongoing processing needs. Richardson also discusses a cornerstone binding offtake term sheet which provides strong market validation of Anson Resource's Paradox Basin Lithium Project, showcasing its strong presence in the US market. he discusses the terms of the agreement as well as discussions with other potential partners and the timing of this news with the shift in manufacturing investment in the US.