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ION - Iondrive Limited

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Well Explod, your timing is uncanny - great job!

This is big news just out this morning. Sau has their first major instituitonal investor on board in the form of MBL no less. The announcement states that both Citic and Talbot holdings have also increased their stakes.

This is very positive news ahead of all the drilling results that are heading our way.
 
spottygoose said:
Well Explod, your timing is uncanny - great job!

This is big news just out this morning. Sau has their first major instituitonal investor on board in the form of MBL no less. The announcement states that both Citic and Talbot holdings have also increased their stakes.

This is very positive news ahead of all the drilling results that are heading our way.
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yes well done on that purchase, ive had them for ages, look like another good day up 4c (10%) already to 0.365 in morning trade.
 
Southern Gold places shares with Macquarie Bank
10:52, Wednesday, September 26, 2007

Sydney - Wednesday - September 26: (RWE Aust Business News) -
Southern Gold (ASX:SAU) has issued 5m shares at 30c each to raise $1.5
million, with Macquarie Bank (ASX:MBL) taking 2.5m shares and Citic and
Talbot Group taking 1.25m each.
 
SMH:

Macquarie Bank invests in Southern Gold
September 26, 2007 - 11:44AM

Investment bank Macquarie Bank Ltd has become the first major institutional investor in junior explorer Southern Gold Ltd.

Macquarie, along with Southern Gold's largest shareholders, Citic Australia Pty Ltd and Talbot Group Holdings Pty Ltd, have taken up a placement in Southern Gold shares.

As a result, Citic and Talbot have increased their combined interest in Southern Gold to 16.5 per cent.

Macquarie will receive 2.5 million shares and Citic and Talbot 1.25 million shares each.

The precious and base metals explorer is issuing five million shares at 30 cents each to raise $1.5 million.

Southern Gold will have a total 79.36 million shares on issue.

The company is drilling several advanced gold and base metal exploration projects in Australia, and has identified gold mineralisation in Cambodia.

Southern Gold has a market capitalisation of $27.09 million. At 1120 AEST on Wednesday, its shares were trading four cents or 12.32 per cent higher at 36.5 cents.
 
Something must be in the pipeline here. Gold up of course but we will see

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Interested in what others who know more about this mob think of this latest announcement. Seem to be confirming a strike at their lease in South Australia. Share price up 20%
 
I'm in primarily based on some of the preliminary work and finds in Cambodia.
These local releases are icing on the cake.
DOn't quite understand why it dipped on Mon/Tues??:confused:
Glad to see it back up again!:cool:
 
Hi guys this is whats coming up.
I dont think anyone is bothered about Wyoming...Challenger and Cambodia is the company making projects!
March should be good.
I have been holding for months now.
Hardly the best stock to watch for interest but on any good announcements this should go up quite nicely due to the fact there arent many shares kncoking around.
If you read the presentation recently at the end it clearly says...that we are on the verge of a major find in cambodia.
I repeat major.;):
So i would not be surprised for them to find a 1million ounce resource.Plus they have been doing this work in Cambodia now since 2006....so the fruits of the labour are just starting to come out.



UPCOMING DRILLING
•Drilling Wyoming Paleoplacer Gold (awaiting results)
•Drilling Nickel Sulphide/Gold , Bulong South, W.A. (awaiting results & 1st Qtr 2008)
•Drilling Gold and Base Metals, Cambodia. (awaiting results & 2nd Qtr 2008)
•Drilling VHMS Targets Eurow, N.S.W (1st Qtr 2008)
•Drilling Challenger Area JV (1st & 2nd Qtr 2008)
•Drilling IOCGU Targets Torrens South JV, S.A. (2nd Qtr 2008)
 
does anyone else hold these on ASF??
I bought in the 20's 30's and 40's and yet i still cant keep it up,lol.

Even tho my position is not looking good on paper i still have very high hopes for this dark horse.
Challanger mine and the work in Cambodia is what made my mind up.

If you read their latest presentation it says towards the back of it that they are on the verge of a MAJOR discovery...thats right people MAJOR!!
gold gold gold.

Now MAQ bank and its european investors saw value at 39 cents for i think $3.9mill bucks.
So they have now lost half as todays price stands....
Do you think they are bothered by todays price?? I think not.
They look at it from a long term point of view.
Maq bank went to Cambodia to inspect the work going on.SAU have been doing this since early 2006....!!!!!!!!!!!

I expect something very good. Maybe a 1 million ounce find or more would be a great start.
Challenger mine....well from what i hear they have a few full time geos working for SAU and these same geos are from DOM!!! hint hint.(DYOR)

I am not telling you to buy but keep these guys on your watchlist...i expect some action soon.

:bigun2:
 
nobody interested in the next OXR here on ASF??

I thought ASF members would be onto this one.

Maq bank,gold 2000,CITIC and now our jap frds......aint rocket science.

Now you all have a chance to buy at these prices BEFORE a resource is defined.
Its going to happen.......u heard it here.

Wednesday 26 th March 2008

Japan’s JOGMEC in A$4.9m JV with Southern Gold
to accelerate three Cambodian gold projects

The large Japanese government organisation, JOGMEC, plans to fund accelerated
exploration on three Cambodian gold and base metal projects under a Letter of
Intent announced today with Australia’s Southern Gold Limited (ASX code” SAU”).

JOGMEC (Japan Oil, Gas and Metals National Corporation) and Southern Gold
today announced the signing of the LOI to enter into a Joint Venture (JV) over three
of Southern Gold’s wholly-owned granted Exploration Licences in Cambodia.

Under the LOI, JOGMEC will invest US$4.5 million (A$4.94m) within 3 years to earn
a 51% interest in the three tenements – Phnum Khtong (Kratie North Project), and
two adjoining blocks, Preak Khlong and O’Kthung (Kratie South Project), all to the
northeast of Phnom Penh.

The agreement includes an upfront payment to Southern Gold of approximately
US$400,000 on signing of the LOI for current exploration costs, followed by a
decision to proceed with a full joint venture on the Kratie North and/or the Kratie
South Projects by June 2008.

The three tenements are among eight gold projects wholly or majority owned by
Southern Gold under its “first mover” strategy to establish a cornerstone gold
business in Cambodia to compliment the Company’s Australian gold focussed
projects across three states.

“The Joint Venture will enable Southern Gold to bring forward exploration schedules
and therefore potential discoveries in Cambodia which we regard as one of the
world’s great mining frontiers,” Southern Gold’s Managing Director, Mr Stephen
Biggins, said today.

“The agreement ensures we can now commit to substantially larger drilling budgets
to test early stage exploration discoveries made by our exploration team in Phnom
Penh.

“Significantly, the JV, expected to take effect almost immediately, extends Southern
Gold’s direct relationships with key consumer economies for commodity metals.”
The JV is the first Japanese, and JOGMEC’s first, investment in Southern Gold’s
projects, whose larger shareholders include Chinese resource investor CITIC as
well as Australia’s Macquarie Bank Limited.

“This combination of key Japanese, Chinese and Australian support is an
exceptionally strong vote of confidence by world majors in Southern Gold's Asian
strategy,” Mr Biggins said.

“It is an envious position for a young explorer to be in and should also re-ignite
market sentiment about those Australian companies driving the establishment of a
modern-day commodities footprint in Asia.”

About JOGMEC

Japan Oil, Gas and Metals National Corporation’s (JOGMEC) objectives are to
secure a stable supply of oil, natural gas, nonferrous metals and minerals to Japan.
Typically, JOGMEC carries out mineral exploration jointly with various organisations
such as major or junior mining companies that hold mineral properties. JOGMEC
usually acquires an option for an equity interest in the project, if the results of
exploration are positive, then the equity interest is transferred to a Japanese private-sector
company.

:bigun2:
 
Thanks mate, I've bought a bunch of those, it's gone up 40% :) today following this announcement:

Asian equity market and resources investors have been told Adelaide-based explorer,
Southern Gold Limited (ASX code: SAU) is on the verge of making a “major” gold
discovery in Cambodia.
Addressing the peak Asia Mining Congress in Singapore, Southern Gold’s Managing
Director, Mr Stephen Biggins, said recent investments in the Company’s Cambodian
campaigns had enabled it to “significantly” step up exploration activities at three of its eight
gold projects in the country’s northeast.
“We have now cemented our early mover advantage in Cambodia, and are on the verge of
making a major gold discovery,” Mr Biggins told the mining and investment Congress.
Southern Gold is the sole or majority owner of eight Cambodian tenements, covering a total
of 1,800 km² in the highly prospective northeast region, where artisanal mining has long
pointed to extensive high-grade gold and base metals mineralisation.
Exploration licences have been granted for three of Southern Gold’s wholly-owned
tenements, with applications pending on a further four.
The Company’s first drilling at its Snoul concession, completed in December last year,
intersected gold in three holes. Detailed geochemistry and geological programs are currently
being undertaken.
“All eight tenements suggest the potential for high-grade gold finds, with widespread
mineralised intrusive bodies and highly anomalous regional soils,” Mr Biggins said in
Singapore.
“In some places, there is undrilled gold mineralisation literally protruding out of the ground
and this continues to add to our confidence of an imminent large discovery.”

SAU is in trading halt till next tuesday
 
"we're on the verge of a major discovery", the companies catch phrase for a while now, has got to be the most forward looking statement ever, I think it's about time they backed it up with more than a handful of marginal intercepts and some surface samples. More drills please and perhaps we will get a glimpse of this major discovery they talk about soon!
 
Gidday Posters.
I have a few of these shares bought at 40c some time ago intending to hold and hopefully buy a few more when cash available. Looks like a lot of potential for a Major lift in value based on the positive outlook from the Company.:)
 
diamond h said:
... Looks like a lot of potential for a Major lift in value based on the positive outlook from the Company.:)
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Hmm... needs more than a positive outlook to lift value. Nothing to get excited about yet but I do like the potential of their position in Cambodia - SEA plays appeal to me as an under explored region, close to market, low capex/opex when they finally do find something, etc. I have a holding that owes me nothing except for a return on the opportunity cost... Hmm.. in that case it owes me heaps... Prepared to be patient for a little longer...
 
Many years since any interest on this forum, I urge you all to read the last two announcements! Specifically listen to the audio cast. Plenty of upside, 14 mil cash, generating cash through JVs in WA and started drilling in Korea 2 days ago....and Korean government paying 70% of costs.

Would love to hear other posters opinions re this little goldy.

FYI I currently hold a small pilot parcel at 39 cents.

Cheers
 
Lurker said:
Many years since any interest on this forum, I urge you all to read the last two announcements! Specifically listen to the audio cast. Plenty of upside, 14 mil cash, generating cash through JVs in WA and started drilling in Korea 2 days ago....and Korean government paying 70% of costs.

Would love to hear other posters opinions re this little goldy.

FYI I currently hold a small pilot parcel at 39 cents.

Cheers
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Trouble is there is no volume and it is being ramped to hell on Hotcopper. That alone will be adding to the share price...be careful. That said if Gold keeps on going (as I expect) then it could be ok longer term.
 
On November 15th, 2023, Southern Gold Limited (SAU) changed its name and ASX code to Iondrive Limited (ION).
 
And another curious entity, floating around the nether regions of speclandia. In its current incarnation for 6 months, market cap $5mill.

March Quarterly - Highlights
Iondrive Technologies
• Comprehensive market research study results received from highly respected battery supply chain consulting firm Rho Motion
• Results highlight the growing demand for sustainable battery recycling solutions and validate Iondrive’s strategic position
• Large-scale bench trials commenced at the University of Adelaide, and were completed in April
• Independent verification of the large-scale bench trials is also underway at Independent Metallurgical Operations in Perth, and to also generate process data for a pilot plant design
• The Company is exploring various business models with potential partners, including licensing and toll manufacturing, to fortify its execution strategy for battery recycling technology in Australia, Europe and USA
• Bench trials, the Rho Motion study and the execution strategy serve as crucial steps in completing the Prefeasibility Study, expected by July
• PFS aims to mitigate technical, commercial, and execution risks in preparation for the projected pilot plant construction in FY2025

Exploration
• KoBold commenced a comprehensive field program across all five JV Lithium projects, to be completed by June 2024, comprising 300 man-days of field work
• Compilation of recently received assays relating to work conducted by the KoBold JV during the November-December period, with an announcement pending.

Screenshot_20240510-211149_CommSec.jpg
 
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