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Share Talk took the opportunity to talk to Aidan Bishop today, the share price in the past month has reached 125% with news from the farm-out  deal for the Gubong gold project in South Korea and the Declaration Of Mining Project Feasibility Work Commencing At The Batangas Gold Project In The Philippines

Bluebird has completed a $5 million farm-out deal for the Gubong gold project in South Korea. This agreement incorporates a free carry arrangement, allowing the company to delay additional investments until specific milestones are achieved.

The Gubong project, which holds an estimated 1.3 million ounces of gold, is pivotal to the company's strategy to evolve into a junior gold producer. Bluebird intends to replicate this joint venture model across other projects, utilizing local partnerships and the technical know-how of the Bluebird team to reduce development risks and enhance production efficiency.

"Momentum is crucial..." Aiming for an annual production of 82,000 ounces (with a 40% stake held by BMV), aligned with market capitalization, today looks set to be another strong trading day in connection with the Gubong farm. There's a noticeable shift in both sentiment and management.

"With the joint ventures at Gubong and Lobo moving forward, along with multiple ongoing projects, we expect to be very active in releasing news and will regularly update our stakeholders on developments, benefiting everyone involved." We now anticipate the integration of Kochang, as previously indicated, to complete our transition to a capital-efficient model with no upfront costs.

https://www.share-talk.com/bluebird-merchant-ventures-lonbmv-executive-director-aidan-bishop-spoke-to-zak-mir/

ECR Minerals (AIM: ECR), a mineral exploration and development company focused on gold in Australia’s Victoria and Queensland regions, continues to expand its focus beyond the Bailieston and Creswick gold projects with which it has long been associated. Cashed up, and with campaigns across three projects, with a possible fourth in the works.

Adam discusses the 2024 exploration campaign, highlighting the project’s unexplored potential, historical rock chips with high gold grades, and significant underground adits that allow for thorough geological assessment.

The current campaign focuses on reconnaissance, rock chip sampling, mapping adits for 3D models, stream sampling, and soil sampling to identify new targets. Additionally, the region shows potential for bismuth alongside gold, adding further value to the exploration efforts.

Here are the key points from the video:






Introduction: Adam Jones, chief geologist at ECR Minerals, is on site at Tambo in Victoria, Australia.

Project Recap: Historical rock chips have shown gold grades up to 22 grams per ton. The project is largely unexplored.

Significance of Adits: The historical adits provide access to underground material, allowing for detailed geological assessments and rock chip sampling.

Current Campaign: The focus is on reconnaissance, rock chip sampling, mapping adits for 3D models, stream sampling, and soil sampling along mineralization strikes.

Bismuth Potential: The area shows potential for bismuth alongside gold, with previous samples indicating up to nearly a kilogram of bismuth.

Geochemical Analysis: High arsenic levels in rock chips serve as a pathfinder for gold, aiding in the identification of new targets.

Neighbouring Exploration: First Au, a nearby ASX-listed company, has seen promising results from their diamond drilling program, suggesting a highly prospective area.

Local Knowledge: Engaging with local knowledge and understanding historical mining limitations are crucial for current exploration.

These points summarize the main activities and goals of the current exploration campaign at the Tambo site

https://www.share-talk.com/ecr-minerals-adam-jones-on-site-at-tambo-in-victoria-as-2024-exploration-commences/

Zak Mir interviewing Jason Brewer. Brewer, a director of multiple London-listed mining companies, discusses the operations and strategic focuses of his companies, such as Marula, Neo, Shuk, and Unicorn.

He highlights the emphasis on accelerating and expanding production projects, particularly in Africa, where these companies operate. Brewer details how his role involves actively participating in strategic planning and execution rather than merely holding a nominal position.

The discussion also touches on the current state of commodity prices and their impact on mining operations, pointing out the challenges and opportunities within the junior mining sector in the UK and globally.

https://www.share-talk.com/zak-mir-talks-to-jason-brewer-about-the-london-junior-mining-space/

Kavango Resources plc (LSE: KAV), the Southern Africa-focused metals exploration company, announced the Company has raised £3,085,366 by the issue of  257,113,862 New Ordinary Shares in the capital of the Company (“New Ordinary Shares”) at a price per share of 1.2 pence, via an underwritten accelerated bookbuild.

Share Talk took the opportunity to catch up with CEO Ben Turney to hear his thoughts and what the future holds for investors.

The company announced yesterday that it has agreed to updated terms for the exercise of the Hillside Call Option with the vendors of the Hillside Project ("Hillside") and Leopard South Project. Kavango has granted a royalty of 5% of gold production on the properties, capped at a value of $1,500,000, and which Kavango may at its option buy out within 12 months for an issue of 63,125,000 shares in the Company.

Ben Turney, Chief Executive Officer of Kavango, commented:

“Following the successful completion of the £3.08million financing, we’ve finalised terms on exercising the Hillside project option. The accelerated bookbuild was an innovative funding approach that was only possible thanks to Purebond’s strong support for Kavango and has helped us defend our recent share price gains in difficult market conditions.

In completing this transaction, Kavango becomes the sole owner of a significant ground holding in a highly prospective area for large-scale gold mining. Our recent drill results from Hillside have confirmed the region’s great potential. Highlights from our first two holes included 7.2m @ 9.95g/t at Prospect 2 and 2.53m @ 29.08g/t at Prospect 4. We plan to return soon with the drill rig to follow up on these targets to test for bulk-minable ore bodies.

Meanwhile, through Kavango Mining, we will continue to increase profitable gold production at Hillside. Encouragingly, production in April was just over 1kg, representing a second consecutive profitable month. It is encouraging that this business unit is performing better than expected and before we invest in new equipment. We will shortly announce a capital investment programme to grow production over the coming months.

I must congratulate all our team for the excellent work they are doing. Our exploration team is performing extremely well and the Kavango Mining team has got off to a great start. We are laying a strong foundation in Zimbabwe to build a successful business together.”

https://www.share-talk.com/ben-turney-chief-executive-officer-of-kavango-resources-lonkav-talking-to-zaks-traders-cafe-2/

Andy Carroll, CEO of Mosman Oil and Gas Ltd (LON: MSMN), spoke with Share Talk with the news that the company has received the final Government approval on the Farmin of its Australian project EP 145, in which Mosman currently holds a 100% interest.  

Work now continues to secure all required approvals for the next step of exploration by Farmin partner, Greenvale Energy Ltd (ASX: GRV / 'Greenvale').

Farmin Agreement

A Farmin Agreement was signed with a subsidiary of Greenvale in October 2023, where it can earn 75% interest by funding seismic acquisition and drilling a well (to a cap of AUD 5.5 million). With the approval from the Northern Territory government now in place,  the Farmin will proceed accordingly.

Greenvale will earn a 75% working interest in EP 145 by:

·      Paying AUD 160,000 in cash to Mosman within 5 business days.

·   Paying for the EP 145 Permit Year 3 Work Programme, including seismic acquisition and processing.

·     Funding the Permit Year 4 Work Programme, including drilling one well with a well cost cap of   AUD 5.5 million.

·   The Year 3 Work Programme is to be completed by August 2024; the cost of the seismic acquisition is estimated to be circa AUD 2 million.

·    The Year 4 Work Programme is to be completed by August 2025. The cost of drilling a well depends on many factors including the depth of a well and cost of drilling rigs at the time of drilling.

The seismic acquisition programme is planned for mid-2024, followed by drilling in 2025.

Background to EP145

Two wells have been drilled in EP 145 and both encountered hydrocarbons and were not tested for hydrogen or helium. Most wells in the Amadeus Basin that have been tested for helium have significant helium content.

A seismic data set was reprocessed by Mosman and it identified a large structure which may be an extension of the Mereenie anticline structure. Mosman published a Prospective Resource estimate for EP-145 in October 2022 (detailed below).

https://www.share-talk.com/mosman-oil-and-gas-lonmsmn-ceo-andy-carroll-progress-at-ep-145-project-with-govt-approval/

In the interview on Zak Mir's channel, Bernard Olivier, CEO of URA Holdings, discusses the recent developments at the Gravelotte Emerald Mine.

Olivier reports that the mine has commenced production on schedule and within budget. He highlights that the mine, historically a significant source of emeralds in the 1970s, is ramping up production with a focus on building up stockpiles for future auctions.

He praises his team for their efficiency in bringing the mine back into production quickly and below cost. The discussion also touches on the company's plans for the second half of the year, including generating revenue from the first auction of emeralds. Olivier emphasizes the importance of having a large enough quantity of run-off mine material to attract buyers.

Here are the key points from the interview with Bernard Olivier, CEO of URA Holdings:






Start of Production: URA Holdings has started production at the Gravelotte Emerald Mine on schedule and within budget.

Phased Production: The company is currently ramping up and optimizing systems as they begin extracting emeralds.

Historical Significance: The Gravelotte Emerald Mine was once the world's largest source of emeralds in the mid-1970s and is being revitalized.

Operational Excellence: The team on the ground has been praised for their efficiency in restarting production quickly and under budget.

Future Plans: URA Holdings is building stockpiles for the first auction of emeralds, expected in the second half of the year.

Revenue Generation: The first sales auction will generate revenue, although the complete financial impact will take time as the quantity of mine material increases to attract buyers.