RRR - Revolver Resources Holdings

[System]

Revolver Resources Holdings Ltd is an Australian mineral exploration company incorporated on 14 July 2021 with a focus on the discovery of copper and other base metal mineral assets in Queensland.

The Company's two projects are both exploring for copper mineralisation. The Osprey Project is located in the Mt Isa Mineral Province located in North-West Queensland and the Dianne Project is located in the Hodgkinson Province in North Queensland.

It is anticipated that RRR will list on the ASX during September 2021.

Home - Revolver Resources (ASX:RRR)

Revolver Resources is an Australian listed copper exploration company focused on the development of natural resources. (ASX:RRR)

revolverresources.com.au

 

[Dona Ferentes]

Listing date	23 September 2021 11:30 AM AEST ##
Company contact details	https://revolverresources.com.au/ Ph: +61 7 3016 5000
Principal Activities	Exploration and Mining
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	RRR
Capital to be Raised	$15,000,000
Expected offer close date	24 August 2021
Underwriter	Not underwritten. Bell Potter Securities Limited (Lead Manager)

 

[Dona Ferentes]

And trading today .... RRR opened at 24c and is now 23c

 

[greggles]

Some good news for Revolver Resources today. Some thick intersections and an impressive 90% sulphides. More drilling and a Mineral Resource Estime for the Dianne project in 2022 could form the basis of a re-rate if the tonnage and grades are there and the economics of the Project look good.

One to watch in 2022 IMO.

 

[greggles]

I think RRR is a good bet for gains in 2022 based on the potential of the Dianne Project just on its own. The company is working hard to get the initial Mineral Resource Estimate completed on the basis of the existing ore body. However, a IP Electrical Geophysics Survey being conducted has revealed multiple drill targets and the potential for a deposit of substantial size.

Definitely a company with a lot of potential. Results from drilling carried out in December should be announced later this month or early next month.

 

[The Triangle]

I think RRR is a good bet for gains in 2022 based on the potential of the Dianne Project just on its own. The company is working hard to get the initial Mineral Resource Estimate completed on the basis of the existing ore body. However, a IP Electrical Geophysics Survey being conducted has revealed multiple drill targets and the potential for a deposit of substantial size.

Definitely a company with a lot of potential. Results from drilling carried out in December should be announced later this month or early next month.

View attachment 135209

I'm so confused by this company.

$10 million in the bank with a MC of nearly $100 million? How are they any different to any other junior drilling with the same cash which generally have a MC much lower? RRR is moderately interesting as they have an old mine, but insanely overvalued IMHO. The risk-reward ratio is way out of wack and the content of all their price sensitive announcements makes me want to vomit. In their most recent presentation they have views of golden grove and Sandfire mines and an electric car and a whole lot of words. Nothing of substance. Releasing visual estimates (1/2/22) of grades should be banned by the ASX. Where are the lab assays from the drilling months ago? Doesn't take that long in Queensland to get core logged and assays back does it? I might just give ALS Townsville a call and check on their turnaround times...maybe I'm wrong here. All I've seen so far are re-assayed old holes....

And WTF is "Forensic recovery of historic Dianne drilling data"

 

[greggles]

I'm so confused by this company.

$10 million in the bank with a MC of nearly $100 million? How are they any different to any other junior drilling with the same cash which generally have a MC much lower? RRR is moderately interesting as they have an old mine, but insanely overvalued IMHO. The risk-reward ratio is way out of wack and the content of all their price sensitive announcements makes me want to vomit. In their most recent presentation they have views of golden grove and Sandfire mines and an electric car and a whole lot of words. Nothing of substance. Releasing visual estimates (1/2/22) of grades should be banned by the ASX. Where are the lab assays from the drilling months ago? Doesn't take that long in Queensland to get core logged and assays back does it? I might just give ALS Townsville a call and check on their turnaround times...maybe I'm wrong here. All I've seen so far are re-assayed old holes....

And WTF is "Forensic recovery of historic Dianne drilling data"

I think the market is pricing in the huge potential size of the Dianne Project. The footprint just keeps on getting larger. The grades announced so far are very high. The $90 million market cap is just a reflection of how large some are expecting the project might be.

I can't speak to the lab assay result delays, although it does appear as though they should have been announced by now. Not sure what the problem is.

I don't have any position in RRR, but I do think there is a lot of potential there. I haven't been following closely this year and haven't crunched any numbers, but am watching with interest from the sidelines.

 

[rcw1]

Good morning
Published this morning (26/02/24) in the Townsville Daily Bulletin:

COPPER MINE’S REOPENING FAST TRACKED

Dylan Nicholson

The reopening of a copper mine in Far North Queensland that closed in 1983 is set to be fast tracked with support from the Queensland government.

Queensland copper exploration company Revolver Resources will accelerate plans to recommission the mine in line with the rising global demand for copper to supply electric vehicles, EV charging infrastructure, batteries and renewable energy generation.
The Queensland Critical Minerals and Battery Technology Fund will support the company with a $1.3m contribution towards a series of technical studies, and engineering and environmental management designs.
Deputy Premier Cameron Dick said the state’s vast copper reserves played an important part in this renewable energy and clean industries transformation. “The Dianne Copper Mine is a great example of the transformative resource projects we are seeing emerge in Queensland and around the world,” he said. Funding will fast-track the completion of the studies by up to six months, with a view to have the mine fully operational in the next 18 months, subject to approvals and finance.

Prior to its closure, the Dianne Copper Mine Project, which is 260km northwest of Cairns, was producing 63,758 tonnes of ore with an average copper grade of 22.7 per cent – the highest grade copper in Australia’s history.
Subject to a positive financial investment decision, the mine is expected to support about 23 new full-time jobs and opportunities for 10 apprentices and trainees.

Have a very nice day, today.
Not holding.

Kind regards
rcw1