Sean K
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Good luck. What are they currently drilling?
HMX - Hammer Metals
- Thread starter sandybeachs
- Start date
Good luck. What are they currently drilling?
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Don't know. Lost interest at the wrong time. I was 'planning' to add shares if it dropped to 4c
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Possibly jv assays expected February according to this graphic? Don't know what the abbreviations mean but HMX has a jv with Sumitomo Metals in one/some of the Mt Isa tenement(s). Doubt that it'd be the Glencore jv in the same area, as never hear anything about it.
Held
Held
Dona Ferentes
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Carnaby Resources Limited notes this morning’s ASX release by Hammer Metals Limited
Carnaby confirms that it has been
engaged in preliminary discussions regarding a potential corporate transaction with Hammer. The discussions remain confidential and incomplete, and there is no certainty that any transaction will eventuate from these discussions
Carnaby confirms that it has been
engaged in preliminary discussions regarding a potential corporate transaction with Hammer. The discussions remain confidential and incomplete, and there is no certainty that any transaction will eventuate from these discussions
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Order in for 40,000 @ 0.036
Rounds me up to 200,000 shares, it's nice and round. Don't take any notice of my specs.
Anyway, I kept on saying I'd tack some on if it came back to 0.04.
Last cap raise was @ 0.06
Chance of spiking at some time or other. No interest in it, has a faint contrarian bouquet.
Held
Sentiment: Hold
WEEKLY 3 Years
Rounds me up to 200,000 shares, it's nice and round. Don't take any notice of my specs.
Anyway, I kept on saying I'd tack some on if it came back to 0.04.
Last cap raise was @ 0.06
Chance of spiking at some time or other. No interest in it, has a faint contrarian bouquet.
Held
Sentiment: Hold
WEEKLY 3 Years
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Up 18% early in trading @ 0.045
Ok I guess although saps some potential out of the company as Mt Hope a big part of HMX.
But $4m cash and $5m in CNB shares up front with more to come if a mine evolves seems ok for HMX which was getting cash strapped and which was market capped at only $40m. Also retains some equity in the tenements.
Held
Ok I guess although saps some potential out of the company as Mt Hope a big part of HMX.
But $4m cash and $5m in CNB shares up front with more to come if a mine evolves seems ok for HMX which was getting cash strapped and which was market capped at only $40m. Also retains some equity in the tenements.
Held
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Doesn't seem like a big deal and sellers of HMX overpowered buyers today. But it's another jv iron in the fire for HMX - they have a few - and it's free exploration.
Held and
Holding
Copper, Funding, News, Partnerships, South32
The companies recently signed an earn-in agreement over the project, which gives South32 the option to form a joint venture.
“The Hammer team enthusiastically welcomes another high-quality partner that shares our vision and belief that the Hammer’s tenure in the Mount Isa district holds significant potential to yield further new Tier 1 base metal discoveries,” Hammer managing director Daniel Thomas said.
“This earn-in will cover ground that Hammer applied for in 2021 along the highly prospective Mount Isa fault.”
The fault covers around 320 square kilometres of Hammer’s broader Mount Isa project.
Thomas said the area is considered highly prospective for Mount Isa-style sedimentary lead-zinc-copper mineralisation similar in style to the Mount Isa and George Fisher-Hilton deposits.
South32 has made an initial minimum commitment to complete an ionic-leach soil sampling program in the coming months.
The company may also commit to a 900m drilling program as well as expenditure of up to an additional $3 million to earn a 70 per cent interest in the project.
South32 has the right to increase its interest in the Project from 70 per cent to 80 per cent by electing to free-carry Hammer to the completion of a pre-feasibility study, and own and operate the exploration program."
Held and
Holding
Copper, Funding, News, Partnerships, South32
South32 to Hammer down Queensland copper deal
"South32 may soon hold an 80 per cent interest in Hammer Metals’ Isa Valley copper project in north-west Queensland.The companies recently signed an earn-in agreement over the project, which gives South32 the option to form a joint venture.
“The Hammer team enthusiastically welcomes another high-quality partner that shares our vision and belief that the Hammer’s tenure in the Mount Isa district holds significant potential to yield further new Tier 1 base metal discoveries,” Hammer managing director Daniel Thomas said.
“This earn-in will cover ground that Hammer applied for in 2021 along the highly prospective Mount Isa fault.”
The fault covers around 320 square kilometres of Hammer’s broader Mount Isa project.
Thomas said the area is considered highly prospective for Mount Isa-style sedimentary lead-zinc-copper mineralisation similar in style to the Mount Isa and George Fisher-Hilton deposits.
South32 has made an initial minimum commitment to complete an ionic-leach soil sampling program in the coming months.
The company may also commit to a 900m drilling program as well as expenditure of up to an additional $3 million to earn a 70 per cent interest in the project.
South32 has the right to increase its interest in the Project from 70 per cent to 80 per cent by electing to free-carry Hammer to the completion of a pre-feasibility study, and own and operate the exploration program."
Dona Ferentes
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now $0.038
HMX has acquired a majority interest in Lady Jenny, an old Cu mine where extraction stopped when oxide transitioned to sulphide. The lease is surrounded by Hammer holdings.
Upcoming Activities and Newsflow
• October – Mascotte/Smith’s Store and Revenue Versatile Time Electromagnetic Survey (VTEM)
• October – Mascotte/Smith’s Store and Tourist Zone infill Geochemistry programs and results
• October onwards – Soil sampling programs continue – Pilgrim Fault South (South of Kalman along Pilgrim Fault), and Cambrian Pb/Zn
• October – Bullrush JV Geophysical programs to continue
• October – Data collation and validation for Lady Jenny Mining Leases
• October – Ionic Leach soil sampling results from the Isa Valley Joint Venture
• October – Preparations for RC drilling program in Mount Isa – various approvals/earthworks
• Late October – RC drilling program in Mount Isa – Lady Jenny, Tourist Zone South and Kalman South-East
• October 28-31 – IMARC International Mining and Resources Company - Sydney
HMX has acquired a majority interest in Lady Jenny, an old Cu mine where extraction stopped when oxide transitioned to sulphide. The lease is surrounded by Hammer holdings.
Upcoming Activities and Newsflow
• October – Mascotte/Smith’s Store and Revenue Versatile Time Electromagnetic Survey (VTEM)
• October – Mascotte/Smith’s Store and Tourist Zone infill Geochemistry programs and results
• October onwards – Soil sampling programs continue – Pilgrim Fault South (South of Kalman along Pilgrim Fault), and Cambrian Pb/Zn
• October – Bullrush JV Geophysical programs to continue
• October – Data collation and validation for Lady Jenny Mining Leases
• October – Ionic Leach soil sampling results from the Isa Valley Joint Venture
• October – Preparations for RC drilling program in Mount Isa – various approvals/earthworks
• Late October – RC drilling program in Mount Isa – Lady Jenny, Tourist Zone South and Kalman South-East
• October 28-31 – IMARC International Mining and Resources Company - Sydney
