Share Talk LTD

By: Share Talk LTD
Listen for free

  • Summary

  • 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.
    Show More Show Less
Economics Personal Finance
Show More Show Less
Episodes
  • Altona Rare Earths PLC (LON:REE) Dr Cedric Simonet spoke with Share Talk

    Altona Rare Earths PLC (LON:REE) Dr Cedric Simonet spoke with Share Talk
    Nov 20 2024
    Share Talk interviews Cédric Simonet, CEO of Altona Rare Earths (LON: REE), to discuss the company’s progress.

    Altona Rare Earths is making significant strides in the mining sector, particularly with its Monte Muambe Rare Earth Project in Mozambique. Under the leadership of CEO Cedric Simonet, the company is not only focusing on rare earth elements but is also diversifying into other critical minerals like fluorspar and copper.

    Altona’s flagship initiative is the Monte Muambe Rare Earths Project, situated in Northwest Mozambique. The company is quickly advancing a diverse portfolio of critical raw materials mining projects across Africa.

    Altona has had an exciting year, primarily focused on its flagship Monte Muambe Rare Earth Project. The company has been actively working on this project since its acquisition in 2021, reached a significant milestone in 2023 with the completion of a scoping study, revealing a maiden resource of 13.6Mt at 2.42% total rare earths oxide.

    Cédric highlighted the discovery of a high-grade fluorspar zone, distinct from the rare earths resource, as part of the company’s strategy to diversify and mitigate risks. The Monte Muambe Project offers a promising opportunity for the swift development of a medium-scale, low-capex fluorspar mine.

    Unique Market Position

    Altona’s approach to diversifying its portfolio is somewhat unique in the current market. Many companies are attempting to juggle short-term cash-generating projects alongside longer-term exploration initiatives. However, success in this area requires a wealth of experience, something Cedric brings to the table. His background in managing an open-pit fluorspar mine in France equips him with the knowledge necessary to navigate this complex landscape successfully.

    Upcoming Milestones

    Recently, Altona’s team conducted additional surveying and collected representative fluorspar samples, which are being tested in laboratories. The initial results will provide insight into the potential market interest, which is promising based on early feedback. Additionally, a small scoping study for the fluorspar project is underway, with results expected in the first quarter of next year.

    Conclusion: A Bright Future for Altona Rare Earths

    Altona Rare Earths is strategically positioning itself for success in a fluctuating market. With a robust plan for the Monte Muambe Project and a promising fluorspar initiative, the company is diversifying its portfolio while mitigating risks. As they move forward with their projects, stakeholders and investors can look forward to a promising future filled with potential growth and stability. Cedric Simonet’s leadership and vision will undoubtedly play a pivotal role in shaping the company’s trajectory in the critical minerals space.
    Show More Show Less
    12 mins
  • Zak Mir talking to Eddie Wyvill, head of Corporate Development – Amaroq Minerals Ltd.

    Zak Mir talking to Eddie Wyvill, head of Corporate Development – Amaroq Minerals Ltd.
    Nov 8 2024
    Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development corporation with a substantial land package of gold and strategic mineral assets across Southern Greenland, announces that it has successfully completed its 2024 exploration programmes across its portfolio in South Greenland. Zak Mir spoke with Eddie Wyvill, Corporate Development of Amaroq Minerals. The company is on the verge of production. It has been a long seven-year journey, but finally, they see the light at the end of the tunnel. Welcome to an exciting update from Amaroq, where they are on the brink of a significant milestone. Eddie Wyvill, head of corporate development, shares insights into the company’s journey and the challenges faced along the way. The Road to Gold Production After seven years of hard work, Amaroq is set to pour its first gold bar in Greenland. This moment represents the culmination of a long journey, and the excitement is palpable among the team. As Eddie puts it, “It’s the end of a seven-year journey to get there.” The company is not just talking about future production; they are ready to deliver. Why Now? The decision to move forward with production comes after significant preparation and investment. While many companies in the London market often delay actual production, Amaroq has taken concrete steps. The company has been mining since May and is currently testing equipment on site. A large shed has been erected, and the team is gearing up for the moment they can lift the first gold bar. Understanding the Nalac Mine The Nalac mine has a rich history, having produced 350,000 ounces of gold at an impressive grade of 15 grams per ton in the past. However, it shut down in 2014 due to previous operator issues. Amaroq’s team has drilled extensively over the past six years, uncovering a resource of 320,000 ounces at an astonishing 28 grams per ton, which is among the highest resources globally. Production Plans Amaroq is moving forward with a phased approach to production. The first phase involves building a 300-ton per day plant, with expectations of producing approximately 45,000 to 50,000 ounces of gold annually. This high-grade mining operation allows for lower costs, as less rock needs to be moved compared to lower-grade mines. The company aims to achieve low all-in sustaining costs while benefiting from favorable gold prices. Challenges and Considerations Building a mine in South Greenland comes with unique challenges, including logistical hurdles and the need for precise planning. Eddie emphasizes the importance of being prepared for potential issues, given the remote location of the mine. The team has learned to stockpile essential parts and equipment to avoid delays. Key Factors for Success Several factors have contributed to Amarok’s progress: High-Grade Ore: The mine’s high-grade ore allows for better recovery rates and lower costs. Existing Infrastructure: The Nalac mine has existing underground infrastructure, saving significant costs and time in development. Strong Management Team: Eddie and his team bring extensive experience to the project, crucial for navigating the complexities of mining in remote locations. Regulatory Environment: Operating in Greenland, a Danish sovereign country with a robust mining code, has facilitated a smoother permitting process compared to other regions. Looking Ahead As Amaroq prepares to ramp up production, the team remains focused on maintaining efficiency and managing costs. They are optimistic about the future, knowing that successful production could lead to substantial free cash flow and increased valuations in the gold mining sector. Final Thoughts Eddie acknowledges the pressures of meeting investor expectations and the challenges of operating in a demanding environment. However, he remains confident in the team’s ability to deliver results. As they look to the future, Amaroq is not just focused on gold production; they are also exploring new opportunities in the region, with plans for further exploration and development. Stay tuned for updates as Amaroq moves closer to its production goals and continues to explore the rich geological potential of Greenland. About Amaroq Minerals Amaroq Minerals’ principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the past producing Nalunaq Gold mine which is due to go into production towards the end of 2024. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals. Amaroq Minerals is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, ...
    Show More Show Less
    21 mins
  • Zak Mir talking with Nick Tulloch, Chief Executive Officer of Mendell Helium

    Zak Mir talking with Nick Tulloch, Chief Executive Officer of Mendell Helium
    Nov 7 2024
    Zak Mir interviewed Mendell Helium CEO Nick Tulloch regarding M3Helium's new farm-in agreement with Scout Energy to advance helium resource development in Kansas' Hugoton Gas Field. Mendell Helium announced that M3 Helium Corp. has signed an exclusive farm-in and fixed-price helium agreement with Scout Energy Partners over 161,280 acres of the Hugoton gas field (“Leases”), one of North America's largest natural gas fields. Under M3 Helium’s agreement, the company can drill up to 200 wells across 160,000 acres in Kansas' Hugoton Gas Field, with an initial commitment to drill at least 25 wells by March 2026. Overview of the Farm-In Agreement This farm-in with Scout Energy represents a ‘win-win scenario’ for both firms. M3 Helium is now able to test and develop helium-rich resources across a seven-township area (about 160,000 acres) on the Hugoton Gas Field and tap into infrastructure whose potential has already been established. Key Terms of the Agreement A cornerstone of the farm-in agreement is that M3 Helium agreed to drill 25 wells by March 2026 with the option to drill up to 200 wells by the end of agreement. Based on this timeframe, the wells would be drilled in a way to maximise helium production. Additionally, M3 Helium will have the exclusive right to have its wells exit into Scout Energy’s gathering system, which represents a considerable advantage since the infrastructure is already in place. Exclusivity and Infrastructure Benefits The key to the agreement is exclusivity awarded to M3 Helium to utilise Scout Energy’s gathering system. With this system, M3 Helium can sidestep many of the costs involved with helium transport and processing. The gathering system provides a direct pipeline to market for M3 Helium, which means it can avoid many of the ugly delays that come with trying to build new infrastructure. Also, the existing pipeline infrastructure and the nearby proximity of wells to those pipelines help streamline the process. With M3 Helium’s drilling efforts connected to Scout’s infrastructure, the logistical considerations are minimised, and the potential for extracting helium is maximised. Understanding the Hugoton Gas Field The Hugoton Gas Field is one of the oldest and the largest natural gas fields in the United States and has a long productive history spanning more than 90 years. The location also happens to be a very well known source of helium, which is one of the main reasons why M3 Helium has located their operations there. The reason the Hugoton Gas Field is so abundant in helium is because the geology of the field promotes the presence of helium. Helium is often found with natural gas, which is the main product of the Hugoton Gas Field. Since thousands of wells have already been drilled in the field, they have a production history that will inform the drilling of the new wells: ‘We will know where to go and what to expect.’ This production history can help determine the optimal amount of permits – and where to drill them – to maximise production while minimising their costs and the associated risk of exploratory activities. Financial Implications of the Deal The financial implications of the farm-in agreement are sizable. M3 Helium stands to benefit from cheaper operating costs because of the access to Scout’s infrastructure. The two-stage arrangement lets M3 Helium drill wells on Scout property at a fraction of the value of a regular lease – word on the street is around $50 per acre. All told, that adds up to about $8 million in total, a fraction of the cost it would be to secure such real estate in the open market. This puts M3 Helium in a solid financial position to invest in technology and innovation to improve its extraction, while the fixed price of helium shields the company from volatility to ensure steady revenue as its production increases. The David and Goliath Dynamic The relationship between M3 Helium and Scout Energy illustrates one of those classic David-and-Goliath energy stories: M3 Helium is the small newbie player, and Scout Energy is the big, established operator. But M3 Helium gets the benefit of Scout Energy’s infrastructure and operational expertise and avoids much of the financial risk. Such joint ventures are less common – especially in mature industries such as helium production. The unusual positioning of M3 Helium within this partnership is not only making it more effective operationally. It is also giving it a stronger competitive market position in a traditionally oligopolistic market. This strategic partnership shows the potential that small companies have for growing through strategic collaborations. Conclusion: Looking Ahead for M3 Helium Life looks good. This joint venture between M3 Helium and Scout Energy is great news for the company. The reduction in operating costs, access to current infrastructure and the fixed tolling fee model will put them in a good position as they scale. They ...
    Show More Show Less
    9 mins

What listeners say about Share Talk LTD

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.