BUR - Burley Minerals

[System]

Burley Minerals was incorporated in Western Australia with the purpose of identifying, evaluating and, if warranted, acquiring resource projects and assets in Australia and/or overseas that are considered by the Board to add potential Shareholder value.

Burley has secured an option to acquire 70% of the issued capital of Novarange Pty Ltd which owns 100% of the Yerecoin Project near New Norcia, Western Australia. The option will be exercised and acquisition will be completed by Burley upon its admission to the official list of ASX. Exploration activities have defined significant JORC 2012 compliant magnetite resources within the Project (incorporating the Main and South zones) totalling 247 Mt @ 29.9% Fe (68.1% Fe concentrate grade, 32.1% DTR). A number of historical studies have also been completed and the potential for economic mining established.

The Directors believe this is a favourable time for Burley to embark on an initial public offering and ASX listing with iron ore prices rising to record highs during May 2021, on the back of increased world steel production induced by global government investment stimulus and continued Brazilian supply issues.

Furthermore, following the recent success of Chalice Gold Mines Limited at Julimar in the region, a re-evaluation of the drill database has highlighted the presence of a very large ultramafic intrusion which has the potential to host similar style Ni-Cu-PGE mineralisation.

Burley's exploration and development strategy is two-fold for the Yerecoin Project. The principal focus is on evaluating and completing feasibility studies on the Yerecoin Project’s magnetite deposits, and the second focus is on exploration of the prospective ultramafic rocks with the potential to host Ni-Cu-PGE mineralisation.

It is anticipated that BUR will list on the ASX during July 2021.

Burley Minerals

burleyminerals.com.au

 

[Dona Ferentes]

Listing date	09 July 2021 12:30 PM AEST ##
Contact details	http://burleyminerals.com.au/ Ph: 61 8 9322 6283
Principal Activities	Mineral Exploration
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	BUR
Capital to be Raised	$6,000,000
Expected offer close date	25 June 2021
Underwriter	Not underwritten. Canaccord Genuity (Australia) Limited (Lead Manager)

 

[Dona Ferentes]

Not a bad stag, out of the blocks at midday, opening up at 40c

 

[Dona Ferentes]

Not a bad stag, out of the blocks at midday, opening up at 40c

and down, down since then .... until the magic words were uttered.

The teaser was in Sept
• DMIRS grants Exploration Licence (EL) E47/4580 in the world class Hamersley Iron Ore Province of Western Australia
• Historic sampling has confirmed the presence of up to 61.5% Fe in the surface samples

But the pivot came two days ago (and did the insiders position themselves? Well?)
Burley to Acquire 100% Ownership of Strategic Canadian and Gascoyne Lithium Projects
• The Chubb Lithium Project is represented by 35 contiguous mineral claims in a single block totalling 1,509 ha in the Val-d’Or Quebec region in Canada. Drilling has confirmed the presence of spodumene-bearing lithium pegmatites in shallow, multiple parallel dykes ...
• The Gascoyne Projects are prospective for Lithium, with outcropping pegmatites knowingly mapped. Previous copper and gold anomalism has been identified on the tenements

 

[Garpal Gumnut]

I do hope @Dona Ferentes there is not a crocodile ready to gobble up burley on the right hand side of the chart leading to zero fish.

That chart reminds me of an experience I had on the Katherine River one Wet many years. We threw in the burley, it slowly sank and then it surfaced, just as the croc did.

DYOB. Do your own burley.

gg

 

[Dona Ferentes]

As they said in Cubs; "We'll DYOB."

"not a crocodile" .... Could be a gryphon/ griffin?

 

[Dona Ferentes]

Had a run, then the usual pullback/ selling. Today , keeping the market informed, recovered 18%. Might be one to watch?

Chubb Lithium Project Acquisition Update – Quebec (Canada)
HIGHLIGHTS
➢ Geologists on site re-logging core and drill log database being compiled
➢ SnowdenOptiro finalising mineralisation interpretation and wire-frame models
➢ General Meeting of shareholders scheduled for 19 January 2023 prior to
completion of Chubb Lithium Project acquisition
➢ Phase 1 drilling campaign commencement targeted for February 2023
➢ Drill programs and site clearance approvals have been submitted to mines department

 

[raimop]

My pick for the May 2023 competition is BUR
I’m expecting Li to rebound and has permits in friendly Canada
All systems are go

 

[Dona Ferentes]

My pick for the May 2023 competition ...
All systems are go

Yep, even capital flows are favourable


Burley to raise AUD$4.5m to accelerate Canadian lithium exploration

HIGHLIGHTS
➢ AUD$4.5m capital raise consists of a combination of a "flow-through share" placement and a share placement
➢ AUD$3.3m to be raised utilising the "flow-through share" provisions under Canadian tax law. The "flow-through shares" will be placed at AUD$0.436 per share, representing a 78% premium to the last closing price of AUD$0.245 on 12 May 2023
➢ Concurrent with the "flow-through share" issue, Burley is conducting a private share placement to sophisticated and institutional investors to raise approximately AUD$1.2m at AUD$0.21 per share

took a day or 2, but up 30 per cent today. Closed on high of 30c

 

[Dona Ferentes]

And back to local Fe knitting..
A $5million cap company

Burley to raise $1.8m to fund maiden Pilbara iron ore drilling programme

HIGHLIGHTS
- $1.8m capital raise consists of a combination of a share placement and share purchase plan.
- $1.3m placement at $0.05 per share to existing shareholders representing a 6% premium to the last closing price.
- Concurrent with the placement, Burley will conduct a share purchase plan to raise approximately AUD$0.5m at $0.05 per share.
- Funds to be used to progress maiden drilling programmes at both Broad Flat Well and Cane Bore Iron Ore Projects in the world leading Hamersley Iron Ore Province.
.
... (Just) A bit of buyer support :

 

[Dona Ferentes]

now 8.5c , and as high as 9.1c this morning.

“When the hurly-burly's done, when the battle's lost and won.”

 

[Dona Ferentes]

1. No
2. N/A
3. If the answer to question 1 is “no”, is there any other explanation BUR may have for the recent trading in its securities?
The Company is not aware of any specific explanation for the recent trading in securities however the Company notes the strong trading performance of other Iron Ore juniors in the West Pilbara during 2024, particularly with the iron ore price rebound over the last 6 weeks. Burley also notes the price action in M4M over the last month which owns the iron ore project directly along trend from Burley’s 100% owned Cane Bore Iron Ore Project. Over the last month M4M has traded from $0.014 to $0.040 today.
4. In Compliance

 

[Dona Ferentes]

as low as 4.1c earlier this month, ....up 20 per cent today

Exploration License granted over Cane Bore Iron Project
Highlights Cane Bore Iron Project, WA – 100% Interest
• Exploration License (E08/3424) granted over the Cane Bore Iron Ore Project within the Hamersly Province of the Pilbara, Western Australia ~ 100 km by sealed road from Port of Onslow.
• More than 30km of remnant Channel Iron Deposits (CID) identified with historic rock sampling indicates grades of 51.3% to 55.0% Fe.
• The CID averages 400m widths and sits up to 20m above the surrounding surface.
• Burley is readying for a mapping and rock-chip sampling programme and is preparing a Programme of Work for its maiden drilling programme.
• Burley is currently engaging with Traditional Owners to complete heritage surveys for the maiden drill programme.