NML - Navarre Minerals

[brerwallabi]

Nice article, tells the story, was my pick in the Oct tipping comp. NML had a 40% gain in the month hopefully it keeps going sold half Friday, if I knew this article was coming out I would held as it looks like it might get a boost now on Monday.

 

[brerwallabi]

Navarre has a 14,000 metre diamond drilling program south of the operating Stawell mine in Victoria.
The company is fully funded with almost $12million in the bank a third rig is now operating about 20kms south of Stawell which is a mine with 5 million ounces.
They are looking to establish a maiden mineral resource in one of several projects in the Stawell corridor early in the new year.
The share price took off in late September from the low teens to hit 29.5 cents after announcing some high grade drilling results, it fell back to 18.5 cents and is currently trading at 21.t cents.
Worth keeping an eye on especially with more drilling results to come.

 

[Dona Ferentes]

every Announcement is undeniably good news (ish)

High grade Gold;
High Grade Silver;
Drilling expands Gold potential;
More High Grade Gold results;
Second rig for Flagship project;
etc etc

still only 15c a share. Stawell speed??

 

[finicky]

Now at 0.078 and massive volume entering, particularly this week.
Ignoring the Victorian tenements, which are of interest to me, the recent acquisition of Mt Carlton ops has a precarious feel to it. Raising via placement at 0.075 with diluted shares now approaching 1.4B and onerous looking milestone payments to the vendor EVN. Does anyone get a good deal from EVN cast-offs. Notices of initial substantial holder from CBA and MUFG quickly followed by notices of cessation. Mt Carlton Mill is not large, numerous employees, water rights from Burdekin river (those QLD rivers are raped, exhausted and subject to drought from my observation as an itinerant fruit picker). Admittedly, there are some rich looking drilling results from potential satellite deposits. Mt Carlton high AISC Sept Qtr (greater than 1,700/oz) and we know ASIC understates real costs. If you consolidated the diluted shares @ 0.078 down to 100m you'd need a factor of 14, resulting in $1.10 s.p - not cheap really. Anyway, not for me.

All Data monthly

 

[Tyre Kicker]

Anyone keeping an eye on this one? Another decent set of drilling results announced today and a good little jump. Read Finicky's take on the Mt Carlton mine but the share price really does seem undervalued atm.

 

[brerwallabi]

Had high hopes, unfortunately it was a loser for me looked so promising the story they were selling.

 

[Tyre Kicker]

20% jump today, albiet with commodities up overnight, but still think this has a ways to run.

Undervalued.

 

[brerwallabi]

20% jump today, albiet with commodities up overnight, but still think this has a ways to run.

Undervalued

I have been glancing at it, it became one of my dog stocks, can’t win them all. The story they were selling had me thinking it could become a 50 to 75cent stock, instead it went the other way below 10cents.
I think it might warrant another look.

 

[Dona Ferentes]

after a lost decade, trying to bring in the mother lode, any lode actually, in Vic, NML broadened horizons to SNQ

• Acquisition of Mt Carlton Gold Mine completed mid December 2021
• Transformation of Navarre to producer status with immediate cashflow generation
• Strong first 6 months of production, transition bedded down
• Initial Navarre resource and reserve estimate more than replaced depletion, underpins future production

and of course this needs funding

• Placement to sophisticated, professional and institutional investors to raise A$4.5 million
• Following completion of the Placement, the Company intends to offer a Share Purchase Plan to raise up to an additional ~A$5.0million
• Approximately ~143.9 million new ordinary shares to be issued under the Equity Raising, representing approximately 10.4% of existing Navarre shares on issue
• Offer Price : The Placement and SPP will be offered at A$0.066 per New Share

 

[Sean K]

after a lost decade, trying to bring in the mother lode, any lode actually, in Vic, NML broadened horizons to SNQ

• Acquisition of Mt Carlton Gold Mine completed mid December 2021
• Transformation of Navarre to producer status with immediate cashflow generation
• Strong first 6 months of production, transition bedded down
• Initial Navarre resource and reserve estimate more than replaced depletion, underpins future production

This is a very interesting intersection not far from Mt Carlton.

 

[brerwallabi]

I kept this on a watch list and took no pleasure in seeing it decline.
Looks like it may make some ground leading into the resource estimate.

 

[craigj]

nml small mc for a gold producer

on the chart 4c seems a good resistance level
potential for a bounce when gold sector gains favour

 

[Telamelo]

This is a very interesting intersection not far from Mt Carlton.

View attachment 146856

NML another big tick

 

[Telamelo]

4th Nov '22 NML announced

 

[Telamelo]

4th Nov '22 NML announced

View attachment 148846

NML @ 0.047c +6.82%

 

[Dona Ferentes]

Under 4c, and will it go anywhere?

Navarre has executed a new Offtake Contract and US$7M Finance Facility with Glencore International AG and an extension to the existing agreement with Evolution Mining on the provision of environmental bonding surety related to the Mt Carlton operation in northern Queensland.

Delivery of Mt Carlton gold-silver-copper concentrates under the new offtake agreement will commence immediately. Drawdown of funds under the finance facility will be used to provide additional working capital to support the development of ore sources for the mine plan and Navarre’s ongoing exploration program across the tenements adjacent to the Mt Carlton operation..

Navarre Managing Director Ian Holland said:

“Navarre is pleased to have executed these key commercial agreements with Glencore and Evolution Mining. The Glencore offtake contract provides very competitive terms and flexibility for our concentrate sales while the associated finance facility provides additional working capital to support the development of ore sources for our mine plan and our aggressive exploration programs.”

 

[Dona Ferentes]

after a lost decade, trying to bring in the mother lode, any lode actually, in Vic, NML broadened horizons to SNQ

MARCH QUARTER PRODUCTION UPDATE

• Mt Carlton Operation generated payable metal production of 4,098 ounces of gold, a 43% increase from the previous quarter total of 2,873 ounces of gold.
• Payable metal production also included 159,907 ounces of silver (-6% on previous quarter) and 338 tonnes of copper (+24% on previous quarter).
• The March quarter saw the first processing of ore from the new higher-grade MCU open pit blended with V2 ore. The proportion of MCU is projected to increase over coming quarters to become the dominant source of mill feed.
• Group unaudited cash at 31 March 2023 totalled A$8.2 million.

 

[craigj]

Not sure why it has dropped to 2.7c Seems oversold to me mc at 40 mill with 8 mill in cash

 

[craigj]

one month on and dropped in price by a third down to 1.8c with no news still think the fundamentals are Ok

 

[brerwallabi]

one month on and dropped in price by a third down to 1.8c with no news still think the fundamentals are Ok

It’s very sad.