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MTL - Mantle Minerals

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wabullfrog said:
At this stage I'm just hoping they will stop promising & actually start to do some drilling.
Click to expand...
If I'm not mistaken, they are still awaiting a result/ approval on a works permit application which, rumour has it, may be deliberated on Friday.
(WA Wardens Court)
So not really a case of not fulfilling promises, just red tape.

So maybe some news late Friday or Monday? Can't be sure though.

Fingers crossed for some drilling this month, oh, they will probably need a bit more money soon too...

I topped up a bit this week, had taken some small chunk profits on recent spurts, now sitting it out again, long term thinking required IMO.
 
Well, "there's movement at the station, for word had passed around...."

REQUEST FOR TRADING HALT

In accordance with ASX Listing Rule 17.1, Caeneus Minerals Limited (ASX:CAD) (the Company) requests an immediate trading halt in its securities pending an announcement regarding a key milestone and capital raising.

Hopefully come Wednesday, it's Showtime.
 
frugal.rock said:
Well, "there's movement at the station, for word had passed around...."

REQUEST FOR TRADING HALT

In accordance with ASX Listing Rule 17.1, Caeneus Minerals Limited (ASX:CAD) (the Company) requests an immediate trading halt in its securities pending an announcement regarding a key milestone and capital raising.

Hopefully come Wednesday, it's Showtime.
Click to expand...
Hopefully not a highly dilutive cap raise that cause the share price to decline... ?
 
ASC Announcement
28/7/2021
Market Sensitive

Highlights

• Traditional Owner Heritage Survey completed and ground cleared over 25km of selected drill lines in close proximity to
De Grey Mining (ASX: DEG) Greater Hemi resource area

• Programme of Work (PoW) approved

• Drill rig mobilised to commence 20,000m of aircore drilling at Roberts Hill

• Placement of $1.75m secured to fund drilling and exploration activities
 
If this keeps up @aus_trader you may end up placing a 3rd in the July comp?

Screenshot_20210730-123442.png
 
frugal.rock said:
Drill rig mobilised to commence 20,000m of aircore drilling at Roberts Hill
Click to expand...
So in addition to this, they are still awaiting approvals on the Mount Berghaus tenement.
Excerpt from quarterly;

"Other Pilbara Projects

During the quarter, the Company continued to expedite the granting of its highly prospective Mount Berghaus tenement located adjacent to the Roberts Hill Project in the Mallina Basin.

The Company is working towards the granting of the Mt Berghaus in due course and a PoW for exploration activities should commence later this year.

The Company also continued its exploration efforts across its entire portfolio of projects including the commencement of a calcrete/laterite/soil sampling program at its Pardoo project.

The Pardoo project is located
within the boundaries of the Great Sandy Desert and offers an excellent opportunity to examine potential gold/base metal geochemistry of calcrete located in more northerly regions of Australia."

The Federal government is pushing state governments to fast track projects and approvals, and in WA they have allocated more staff to the mines department to that end.
I can't say that there's going to rampant rubber stamping and greenlighting, however, if all else remains the same, at least approval times should reduce.
Just need the court systems to keep up though...

A chart, not from my broker.
Broker wasn't available yesterday due to "maintenance".
Not sure what they maintained as charts are now "not available" dumbasses...

Screenshot_20210801-105927.png
 
ASX Announcement

DRILLING STARTED AT ROBERTS HILL

• Drilling has commenced on eastern drill lines at Roberts Hill

• 20,000m of aircore drilling with assay results expected October 2021

• Company’s operations team engaged and on-site

My pick for August comp.
 
A chart based update.
SP back on trend, supply thinned out nicely after last week's spike.
I was out after the spike, but am back in on the retrace.
IMO, SP is headed higher based on the trend of the last 3 weeks, and the immediate selling supply dropping off, coupled with the speculative timing around current drilling and permitting activities creating demand catalyst.

I had expected a bit of a sell off Friday afternoon, but that didn't really eventuate, possibly indicating some strength heading into this week.
Held and in the monthly comp.

Screenshot_20210823-085448.png
 
ROBERTS HILL DRILLING UPDATE

- 76 air-core drill holes completed totalling over 5,000 metres

- Disseminated sulphides identified within, and in most cases ending in 20 drill holes

- Planned Induced Polarisation (IP) Survey for Zone A

- New Program of Work (PoW) and Heritage Clearance Applications in preparation

Yummo, tasty sulphides...
 
Have chosen CAD again for the monthly comp, a coin toss really between this and LPD. Notably, the eminent @debtfree has chosen LPD.
My thoughts were that both stocks stand an average chance of ending the month higher.

Moving on, Drilling has moved from first section to the 2nd section out of 4 planned sections of current Roberts Hill works.
This 2nd section is comprised of 3 target areas and is potentially the most "interesting" area.

CAD has been giving updates on visual results found (geologists interpretation), and notably 20 holes in the first area have terminated with sulphides present.
This is consistent with the De Grey results mostly being deeper than the current RC drilling reaches that CAD is undertaking thus implying that deeper drilling will need to occur to realise full potential. I suspect current RC work will expose the upper sections of interest, which is enough for now and may push the SP higher thus less dilution if raising further cash for further drilling.

I believe permitting for Mt "Burgerhouse" is underway, and that announcement is expected, hopefully this year?

No doubt DeGrey will be very interested in results also. Not sure if their in a takeover ready position or not, but proximity suggests it could be in their interests.

All very speculative at this stage but fingers crossed.
Will have to check when assays are due.
Held.
 
Gold has been heading north.
Announcement just out.

FURTHER UPDATE,
ROBERTS HILL
PHASE 1 DRILLING PROGRAM

• Air-core drilling now completed over Zones B, C and D

• Drill Hole RHAC-0104 in Zone C intersects 28 metres of abundant sulphides

• With almost 10,000 metres air-core drilled, the Company has now completed half of the program

See the announcement for further info.
 
Comp pick again.
I can't remember when assays are due, but until this flops or flies, I'm still in on it.

Drilling updates have been a little inconclusive, however there are indications of some similar deeper sulphides indicating whatever is found will be open at depth, at least, but more deeper drilling will be needed to unlock any major DeGrey nearology potential

A fuller picture may not even be available this year...
 
ASX Announcement
5th Oct, 2021

SUCCESSFUL COMPLETION OF ROBERTS HILL AIR-CORE
DRILLING PROGRAM

- 197 holes completed totalling 15,999 metres

- Most drill holes successfully penetrated the overburden and terminated in sedimentary and intrusive bedrock

- 84 of the 197 drill holes terminated in sulphide accumulation allowing future
geochemical evaluations to be conducted1

- The first batches of analytical results from the drilling expected towards end of October
 

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