Share Talk LTD

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  • Designed for Private - Retail Investors, bloggers, brokers, PR, listed companies to communicate on one information portal. Please note we are an unregulated website and will never give out advice. We are here to make investing a level playing field.
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  • Zak Mir talks to Rupert Verco, CEO of Cobra Resources - achieved exceptionally high recoveries of rare earth elements
    Aug 29 2024
    Zak Mir talks to Rupert Verco, CEO of Cobra Resources, as the mineral exploration and development company advancing a potentially world-class ionic Rare Earth Elements discovery at its Boland Project in South Australia announced the results from ongoing metallurgical studies. This included exceptionally high recoveries of up to 82% of high-value rare earths.

    Key Points:

    1. High Recovery Rates: Cobra Resources has achieved exceptionally high recoveries of rare earth elements, particularly magnet and heavy rare earths, with up to 82% recovery from samples containing 0.5% total rare earth oxides. These results are promising due to the low levels of impurities, leading to reduced processing costs.

    2. Market Understanding and Challenges: Despite strong results, the market may not fully understand the significance of the REEs or may be impacted by broader market conditions. The company has faced challenges in raising capital, but maintains strong support from major shareholders, minimizing dilution.

    3. Scalability and Environmental Impact: The project utilizes a unique geological setting favorable for "in-situ recovery" (ISR), a process involving injecting and extracting a solution to mobilize rare earths without moving ore, resulting in low environmental impact and cost. This method is well-established in uranium mining and considered scalable for REEs.

    4. Market and Strategic Positioning: Demand for heavy rare earths remains high, with current reliance on supply from China and some emerging sources like Brazil. Cobra aims to produce rare earths responsibly and cost-competitively, contributing to the West's efforts to reduce dependence on China for critical minerals necessary for energy efficiency and decarbonization.

    5. Future Plans and Commercial Options: Cobra is exploring options including joint ventures or sales while focusing on proving up their resource to ensure it is marketable and economically viable.

    The discussion highlights Cobra Resources' strategic approach to rare earth production, leveraging unique geological advantages, scalable processes, and positioning in a market with growing demand for critical minerals.

    https://www.share-talk.com/zak-mir-talks-to-rupert-verco-ceo-of-cobra-resources-achieved-exceptionally-high-recoveries-of-rare-earth-elements/
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    9 m
  • Zak Mir talks to Jonathan Owen, CEO of Metals One PLC
    Aug 1 2024
    Zak Mir talks to Jonathan Owen, CEO of Metals One, after the recent announcement that the company which is advancing strategic minerals projects in Finland and Norway, said that the Company’s Råna Project partner and operator, Kingsrose Mining Limited, has entered into a service agreement with Arctic Drilling AS, for the commencement of helicopter supported core drilling at the Rånbogen prospect on the Råna Project in August 2024.

    The program aims to prove two high-priority targets by September, with results expected in October.

    The Rana Project, a former successful mining site, holds promising geological potential near the base of the intrusion.

    Successful drilling could lead to extensive resource definition and potential development, moving from exploration to a more de-risked development phase. Kingsrose Mining has invested over $3 million and is approaching a majority shareholding in the joint venture, demonstrating a strong commitment to the project’s prospects.

    Metals One benefits from a free carry on the project, relying on Kings Rose’s expertise and operational leadership.

    Highlights

    · Drilling is anticipated to complete in early September 2024, with assay results expected in October to November 2024

    · Drilling is focused on two targets identified last year through geophysics

    · Compelling targets comprise shallow, highly conductive electromagnetic (“EM”) anomalies immediately down dip from mineralised nickel-copper-cobalt massive sulphide at surface (*see Figure 2)

    · Completion of a minimum 700m drilling will satisfy the drilling milestones under Metals One (via Scandinavian Resource Holdings Pty Ltd’s) Transaction Implementation Agreement with Kingsrose and Global Energy Metals (*see Kingsrose’s ASX announcement dated 18 January 2023)

    · Arctic Drilling is a Norwegian owned and domiciled company based out of Finnmark County, Norway, bringing extensive experience of operating in arctic regions with local knowledge

    Jonathan Owen, Chief Executive Officer of Metals One, commented:

    “It’s great news that Kingsrose is ready to begin drilling again at the Råna Project. This strategic work programme is aimed at testing two compelling anomalies characterised by highly conductive EM responses down dip of nickel-copper-cobalt mineralised massive sulphide in outcrop, which were identified during last year’s core drilling and are located within a previously undrilled area.

    We look forward to updating shareholders on the progress at the Råna Project as Kingsrose continues to build on the high-grade results from last year’s drilling to verify the largely underexplored Råna intrusion’s scale potential.”

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    7 m
  • Zak Mir talks to Mark Routh, CEO Prospex Energy
    Jul 26 2024
    Prospex Energy (AIM: PXEN), an investor in European gas and power projects, announced that Spanish regulatory authorities have granted a 10-year extension to the El Romeral 1, 2, and 3 natural gas production concessions, owned by Tarba Energia. Prospex holds a 49% interest in El Romeral through its investment in Tarba.

    The royal decree, signed on July 24, 2024, permits the Spanish Ministry for Ecological Transition and the Demographic Challenge (MITECO) to extend the El Romeral natural gas concessions for 10 years, the maximum allowable term.

    This extension ensures the supply of electricity to the Spanish grid from the El Romeral gas facility and power plant until at least July 2034, with a potential further extension to 2044.

    El Romeral is currently operating at 30% capacity (2.7 MW) as Tarba awaits permits to drill five additional infill wells on the concessions to boost production. Moreover, an adjacent solar project named "Helios" is expected to add 5 MW, utilizing shared infrastructure with the gas facility.

    Commenting on the development, Prospex's CEO Mark Routh said, "The official extension of the El Romeral production concessions for the maximum allowable term of ten years is a very welcome step by the Spanish regulatory authorities. It is also an important official acknowledgment by the Spanish state of the crucial role natural gas will continue to play in the nation's energy security and the ecological transition process."

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    10 m

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