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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.

Zak Mir talks to Naheed Memon, CEO of Oracle Power, as she answers the latest questions from shareholders of the project development company.

Here’s a summary of the discussion:






Financial Status and Fundraising:

The company is actively developing multiple projects with different timelines and needs. Although funding is controlled and economically managed, future fundraising is likely as developmental needs arise.



Projects in Pakistan:

Oracle Power is deeply involved in discussions with local investors, the Pakistani government, and Chinese state-owned enterprises (like Power China) about developments in Pakistan. Despite the lack of frequent updates from Oracle, the company remains actively engaged in significant partnerships and dialogues in the region.



Realizing Shareholder Value:

The potential value from projects is expected to translate into significant market value. Oracle Power aims to divest interests at advantageous stages of project development, specifically noting a potential 20% stake in the green hydrogen project in the northern zone. The realization of shareholder value is contingent on increasing the probability of success across their projects, which they are diligently working to enhance.



Share Price Volatility and Valuation:

The CEO acknowledges the stock's recent volatility, with significant swings in its price, and the perception of a 10 pence valuation mentioned in the past. She explains that the share price movements are partially influenced by market sentiment and expectations formed based on news about the company's developments. She emphasizes the necessity of the company’s involvement in multiple projects, each with different timelines, affecting market perceptions and resulting in fluctuating prices.



Improving Market Confidence:

To enhance confidence among market participants, Oracle Power aims to improve its communication strategies. However, regulatory and compliance constraints require careful and verified communication to avoid misrepresentations. The CEO stresses the importance of a solid strategy and transparent updates about ongoing development work to foster market trust.



Cash Generation and Strategic Projects:

Regarding cash generation, the CEO clarifies that Oracle Power isn't in an operational phase that generates regular revenue but is focused on realizing value through strategic investments and exits. Specifically, the Northern Zone project, a smaller initiative, is highlighted as potentially being the first to generate returns. This project is nearing a joint venture agreement that could make Oracle a 20% shareholder in a gold resource, expecting tangible outcomes within the year.



In the concluding portion of the Oracle Power Q&A, the CEO, Naheed Memon, discusses two significant projects and their potential to deliver value to shareholders:






Green Hydrogen Project:

The Green Hydrogen project has progressed rapidly and updates have been shared with the market. Despite owning only 30% of this very large project, the impact and potential returns from even a small stake are substantial. The CEO expresses optimism about the project's progress and its near-term potential to return value.



Project Completion and Future Expectations:

In closing, the CEO emphasizes the swift advancement of the Green Hydrogen project and the Northern Zone gold resource project. She highlights the potential for these projects to generate significant returns soon, enhancing shareholder value.



Overall, the discussion reflects Oracle Power's strategic focus on developing large-scale projects with substantial future returns and their commitment to improving communication and market confidence. The CEO's perspective is optimistic regarding the upcoming returns from their investments, particularly from the Northern Zone and Green Hydrogen projects.

Ondo InsurTech PLC (LON: ONDO), a pioneering firm in technology that mitigates water leak claims for home insurers, announced that its performance for the fiscal year ending March 31 met expectations.

The company informed investors that it concluded the period with £400,000 in cash and an equivalent amount in accounts receivable that was collected shortly thereafter.

Ondo reported notable international expansion, especially with significant progress in the US market, marked by the initiation of partnerships in four states.

The company has established collaborations with Nationwide in Ohio, Selective in New Jersey, Mutual of Enumclaw in Washington, and Pure Underwriting in New York, all of which have received favourable responses from insurers and customers alike.

These successful introductions have bolstered confidence among Ondo’s management about the potential for further expansion into additional states and establishing more partnerships throughout the year.

"The positive feedback and results from our recent launches in the US are very promising and highlight the strong future for our company as we continue to expand in the US," stated CEO Craig Foster.

In Europe, with a focus on the Nordic countries, Ondo is further solidifying its market presence. The company has renewed its contract with LB Forsikring and is pushing forward with new initiatives in Denmark and Sweden. Additional growth is anticipated in the UK and Nordic areas as the year unfolds.

In the UK, the deployment of Ondo's LeakBot technology has increased significantly following a substantial contract with South-West Water, which ordered 6,000 units in February. To date, 1,800 LeakBots have been installed, with full completion of this order expected by the end of May.

https://www.share-talk.com/ondo-insurtech-on-track-lon-ondo-ceo-craig-foster-talks-to-zaks-traders-cafe/

Zak Mir talks to Jason Brewer, CEO of Marula Mining, regarding the latest developments at the African-focused mining and development company, running through the portfolio and its prospects.

Here’s a summary of the key points:






Company Overview: Marula Mining is focused on battery metals, with several projects across different minerals. Jason Brewer provides an update on the current state and future plans of the company.




Lithium Mining: The company operates a lithium mine in South Africa and has secured a long-term off-take agreement with a UK-based global trading group, Fuex. This agreement covers the sale of lithium ore and value-added lithium products.




Byproduct Sales: Brewer mentions finalizing off-take agreements for byproducts like coltan, tantalum, and feldspar, which he says will more than offset the operating costs of their lithium business.




Manganese Mine Acquisition: The recent acquisition of a manganese mine in Kenya is discussed. Upgrades to the plant and equipment are planned, with production and sales expected to start soon, impacting the bottom line positively.




Graphite Mining in Tanzania: Marula is advancing a graphite mining project in Tanzania, characterized by high-grade, large flake deposits. The company aims to develop this into a high-value, high-margin graphite mine.




Market Performance and Investor Sentiment: Despite significant milestones and developments, Marula’s stock is described as being in a holding pattern. Brewer expresses frustration with the current share price levels and discusses the market’s hesitancy to value the company more highly due to multiple active projects and the complexity of their portfolio.




Management and Strategy: The CEO emphasizes the competence of the management team and their strategic focus on developing mines and generating cash flow. He also notes the backing from significant investors who see the potential in Marula Mining as part of larger energy transition initiatives.




The interview highlights Marula Mining’s strategic advancements and challenges in a bearish market, focusing on diversification and development of battery metals essential for modern technologies.

Zak Mir talks to Ryan Mee, CEO of Fulcrum Metals, as the company focused on mineral exploration and development in Canada, announces that it has entered into a non-binding Letter of Intent with Terra Balcanica Resources Corp. (CNSX: TERA).

Pursuant to the LOI, Terra, through an Option Agreement, will be granted the option to acquire a 100% interest in Fulcrum's uranium projects located in Saskatchewan, Canada.

Here's a summary of the interview with Ryan Mee, CEO of Fulcrum Metals:






Interviewee: Ryan Mee, CEO of Fulcrum Metals.

Focus: Discussing the company's strategy and developments in mineral exploration and development in Canada.

Uranium Portfolio: Fulcrum Metals had a strategy focused on uranium, involving research, acquisition, and staking of areas. They achieved good uranium grades from their first pass exploration.

Asset Disposal: Announcing the intention to dispose of their uranium assets, which is seen as a typical move for an exploration company that has proven its strategy and execution capabilities.

Creating Returns for Investors: Emphasizing the objective of creating a return for investors and providing upside opportunity.

Rapid Progress: Since listing in February 2023, Fulcrum Metals has quickly put together a portfolio and reached an agreement, showcasing the team's focus.

Gold Acquisitions in Ontario: Acquired assets in the gold space in Ontario, Canada - one of the premium gold-producing jurisdictions worldwide.

Exploration Success: Achieved good gold grade results at Big Bear, identified drill targets at Bredtul for resource expansion, and acquired the Tech-H's gold tailings project in Timmins.

Strategy: Focusing on acquiring assets, proving them up, and selling non-core assets. Aim to bring low discovery risk assets with near-term cash generative opportunities.

Market Sentiment: Acknowledging the need for the market to recognize the company's performance, especially given the high gold prices and uranium's market performance.

This summary captures the key points from Ryan Mee’s discussion about Fulcrum Metals' strategies, achievements, and future outlook in the mineral exploration and development sector.