Globe Metals & Mining - Uran, Niob, Tantal, Zirkon - Fakten (Seite 275)

[Reiners]

Thursday, July 29, 2010
Red Rock Resources making progress at all projects

Red Rock Resources (LON:RRR) updated on progress on its operations, noting that initial results from a helicopter electromagnetic survey at the Migori gold project in Kenya are expected by the end of August 2010.

The geophysical VTEM programme (versatile time-domain electromagnetic system) comprising 378 line kilometers flown at 50m height on lines at 100m intervals, took place along the strike of the Macalder VMS mine at Migori, covering both sides of the W-E trending anticline.

A fixed wing magnetic/radiometric survey has been contracted over the whole license area and is expected to start on August 16. It will comprise 3,117 line kilometers flown at 30m height, with 2,295 line kilometers flown at a 200m spacing and 822 infill kilometers flown at a 50m spacing. Initial results are expected by mid-September 2010.

Metallurgical results are awaited from Amdel Laboratories on the Macalder tailings, and gold sample results from trenching at Mirema are awaited from SGS Laboratories in Mwanza. Trenching has continued at the Kowere prospect. It has further contracted a preliminary JORC resource estimate of the Macalder tailings.

Red Rock expects to finalise a drill programme of 5,000 metres to 10,000 metres at Migori during September 2010.

At its gold project in Colombia, the company continues to work closely with its local partner at the El Limón mine site and in Medellin on implementing the investment programme to increase production at El Limón and bring Machuca (La Aurora) into first production.

The programme involves refurbishment of the treatment plant, improvement of ventilation, electric, and mine safety systems, pumping out the shaft at Machuca, recruitment of professional staff and workforce, and other matters. Progress has been good, with no significant bottlenecks reported to date. The company expects to be able to report on percentage accomplishment and timetable shortly.

Exploration continues, investigating at surface areas to the north and east of the known mineralization. In one area a trench was dug and samples taken from a 10cm vein encountered. Samples were also taken from Levels 6 and 7 at El Limón for metallurgical testwork.

At Red Rock’s 23 percent owned Autralian affiliate Jupiter Mines Ltd (ASX:JMS), progress continues with the fast-tracking of exploration of the Mt Ida magnetite project, the near-surface resource potential of which may be 1.1 - 1.3 billion tons. An RC (reverse circulation) drill programme of up to 11,000 metres began on 20 July, targeting the magnetic anomalies in the central area of Mt Ida.

At 26 percent held affiliate Resource Star Ltd (ASX:RSL), a reverse circulation rig has been mobilized to site to begin the maiden 1,500 metre drill programme at the Machinga rare earth project in Malawi, where the company's farm-in partners Globe Metals and Mining Ltd are operators. The objective is to test four different zones of heavy rare earth oxide (HREO) and high-grade niobium mineralisation intersected in trenches at the Machinga North target.

A 270 line kilometers survey of helicopter magnetics/radiometrics has been contracted over the Ilomba Hill uranium/niobium/rare earth prospect in Malawi. This is expected to be completed in August.

Following the definition of a maiden JORC Inferred Resource of 4.6m lbs U3O8 at 270ppm, a follow-up drill programme is planned for the autumn to expand the resource base and follow up areas of higher grade. The programme is expected to be finalized by mid-August.

In Australia, a third quarter drill programme is being contracted to follow up the uranium anomalies identified from airborne geophysics flown earlier in the year, and subsequent ground investigation, at the Edith River and Hayes Creek licenses in the Pine Creek Geosyncline of the Northern Territory.

Red Rock chairman Andrew Bell commented: "Our core gold business continues its progress towards increased production. Our indirectly held interests also report significant progress. Directly or through associates we now have continuous exploration activity on promising deposits and targets.“

[Reiners]

Sieht charttechnisch gar nicht mal so schlecht aus.

[Reiners]

Wie es aussieht geht das Geld jetzt doch erst zum Ende 1Q 2011 aus und nicht schon im 4Q 2010.

2,9 Mio Bestand 30.6.2010. Verbrauch 1,0 Mio angekündigt für das 3Q/2010.

Geld müsste ca. im März 2011 verbraucht sein. Würde man die Aktivitäten zurückfahren können man wohl noch länger durchhalten. Die Verwaltungskosten liegen nämlich nur bei 0,3 Mio. pro Quartal. Exploration 0,3 und Development 0,4 könnte man zwar wohl nicht sofort auf 0 senken, aber mit insgesamt 0,5 Mio, pro Quartal könnte man wohl zur Not auskommen.

Finde ich gut, das Globe sparsam mit dem Geld umgeht und so zeitlich etwas flexibler ist bei der Geldbeschaffung.

[Reiners]

Antwort auf Beitrag Nr.: 39.901.202 von saltamonte am 30.07.10 08:48:02

pala rutscht leicht unter den meldepflichtigen 5% anteil - hatten vorher 5,04%


Wollten die den Kurs mit kleinen Volumesverkäufen drücken, um einen günstigeren Kurs bei der eventuell demnächst anstehenden Kapitalerhöhung zu erreichen ?

Ein Schelm wer böses denkt.

[saltamonte]

substantial holder filing...
http://www.asx.com.au/asxpdf/20100730/pdf/31rly2lmf7ylzk.pdf

pala rutscht leicht unter den meldepflichtigen 5% anteil - hatten vorher 5,04%
von den zuvor gemeldeten 4,73mio shares (april 2010) sind jetzt nur mehr 4,49mio shares im bestand. weitere verkäufe sind nicht mehr meldepflichtig.

[saltamonte]

ein paar ungeordnete ausschnitte aus dem activities report...
http://www.asx.com.au/asxpdf/20100730/pdf/31rmqsztxpy39d.pdf

cash ca. 2,9mio aud


The Company will be releasing an updated financial forecast as part of its presentation to the Africa Down Under Conference to be held in Perth from 1-3 September 2010.

A critical feature of the Kanyika Niobium Project is that the principal product, FeNb, enjoys one of the most stable pricing regimes for any commodity, whereas tantalum prices have over the last ten years been extremely volatile, to the point of detrimentally impacting that industry. In summary, this is the ideal niobium/tantalum relationship (primary/by-product), as overall Project cash flows are likely to be relatively stable.




weitere aktivitäten

add kanyika
The Company is compiling all metallurgical work completed to date with a view to recommencing concentration optimisation and hydrometallurgical test-work in the September and December Quarters respectively

add machinga:
upcoming ~1,500m RC drill program in August.
It is expected that drill results will be available and reported to the market in September to October 2010.

add hree project salambidwe
We are looking forward to beginning field work at Salambidwe in Q3 2010.”

add Mount Muambe Fluorite Project
Globe now expects to begin its drilling program on this exciting fluorite target toward the end of August to early September, having moved the drilling to Machinga Rare Earth Project first, with the rig then returning to Mozambique to undertake the drilling at Mount Muambe.

[power_48]

Maiden Drilling Program Commences - Machinga REE Project
http://stocknessmonster.com/news-item?S=GBE&E=ASX&N=499212

Highlights
•
RC drilling rig has mobilised to site to commence maiden ~1,500m drilling program at Machinga Rare Earth Project
•
Drilling will test at least four different zones of heavy rare earth oxide (HREO) and high-grade niobium mineralisation intersected in trenches with previous results including:
o
MATR002: 33m @ 0.71% TREO & 0.40% Nb2O5
Inc. 11m @ 1.00% TREO & 0.46% Nb2O5
o
MATR001: 7m @ 1.26% TREO & 0.63% Nb2O5
o
MATR005: 10m @ 1.00% TREO & 0.50% Nb2O5
•
Recent studies in Japan confirm favourable eudialyte mineralogy at Machinga - a well known HREO mineral
•
Rare earth prices continue to rise on the back of new Chinese export quota restrictions
•
Prices for dysprosium oxide, the most economically important HREO at Machinga, have risen ~230% over the past 12 months to ~US$222/kg

[Reiners]

Obama Wants Global Mining Transparency Standard

Philip Burgert

CHICAGO – Disclosure requirements for mining and energy companies included in the newly enacted U.S. financial reform law should become a global standard for corporate transparency, the Obama administration said on Friday, but an Australian resources company focusing on Africa warned that it is likely to squeeze tantalum supplies and increase prices.

“The United States is committed to working with other countries to ensure the implementation of similar disclosure requirements in other financial markets and will make this a priority in the year ahead,” the White House press secretary said in a statement.

Administration officials noted that the reform law signed into by President Barack Obama on Wednesday included what was described as “a landmark provision” requiring energy and mining companies registered with the U.S. Securities and Exchange Commission to disclose how much they pay to foreign countries and the U.S. government for oil, gas and minerals.

They called the provision “an essential tool” for promoting transparency in the oil and mineral sectors. “The legislation will immediately shed light on billons in payments between multinational corporations and governments, giving citizens the information they need to monitor companies and to hold governments accountable,” the press secretary’s statement said.

“It will shine a sustained light on the relationship between corporations and governments in the oil and mineral sectors, and make impossible the kind of back-room dealings that cost taxpayers in lost royalties,” the statement continued.

Activists campaigning for restrictions on “conflict minerals” and “dirty deals” for resource extraction with other governments claimed victory following the signing and called the law a “major success” and an “incredible victory.”

The legislation requires the Securities and Exchange Commission to within nine months write regulations implementing public disclosure of payments to the U.S. or foreign governments for commercial development of oil, natural gas and minerals.

Other provisions requiring that manufacturers using “conflict minerals” from the Democratic Republic of Congo and neighboring countries will also be required to report to the SEC on their supply chains and be subjected to independent audits were cited by Globe Metals & Mining Ltd., West Perth, Western Australia, in warning Monday that the new law is likely to raise tantalum oxide prices.

“The ‘conflict minerals’ provisions have major implications for the tantalum industry and are likely to further constrain the already tight supply of raw material throughout the entire supply chain,” the company said in a six-page market update, noting that the law would require American companies to submit annual reports to the SEC on use of tantalum, tin, tungsten and gold sourcing.

The restriction is aimed mainly at identifying metals sourced from conflict areas in the Democratic Republic of Congo and adjoining countries. The company said that it was likely that the safest and easiest course for major consumer electronics brands like Apple, Intel, Sony, Nokia and Research in Motion would be to not source tantalum from the Congo area.

Executives noted that in recent years the DRC has supplied about 15% of the world’s tantalum while approximately another 40% of the world’s raw material production has been closed by the world’s financial crisis in recent years. Wars in the eastern Congo over the past decade have been financed in part by the region’s easily-mined, rich artisanal deposits of coltan used for tantalum and niobium production, casserite producing tin, wolframite producing tungsten and gold.

Globe is currently developing a niobium, uranium, tantalum and zircon project outside the region with restrictions under the act. That project, in central Malawi, is scheduled to begin production in 2013 at a rate of 3,000 tonnes per year of niobium metal with output of tantalum as a by-product.

Executives noted that other emerging tantalum projects with primary or co-production of the metal outside of the Congo region include a Commerce Resources project in Blue River, British Columbia; a Crevier/MDN-Mines project in Anita, Quebec; and a Gippsland project in Abu Dabbab, Egypt.

[Reiners]

Sieht charttechnisch wieder besser aus. Mal sehen wie es weitergeht.

Sollte da nicht demnächst was wegen der Regierung / Genehmigung kommen ?

[sliceanddice]

Antwort auf Beitrag Nr.: 39.874.915 von saltamonte am 26.07.10 10:10:03

Vor kurzem wurde hier noch vermutet, der Kurs würde künstlich runtergeprügelt, damit dieser Sumich-Bruder bei der nächsten KE einen möglichst hohen Anteil am Unternehmen bekommt.

So ändern sich die Zeiten bzw. die Einschätzungen...

Grundsätzlich ist ein hoher Kurs zum nächsten PP für uns Altaktionäre günstiger als ein niedriger Kurs. Von daher läuft doch alles so wie es laufen sollte.

Slice