SHE - Stonehorse Energy

[Kalmsg]

Re: HCY - Halcyon Group

Hi Gentlemen

I when to the Halcyon presentation. They will be digging up the ore with nickel in January 2008 sometime.

Also Iggy stated that at a certain point in time they will be processing the nickel ore themselves using the cheaper and longer method with the acid. eg ore sits in solution for 300 to 400 days before it is extracted as concentrate.

He basically said there were about 4 methods of extracting the nickel from the ore and they would be using the first method that has been used for years and is the cheapest method. ( this sort of went over my head a bit )

The uranium tenements are looking good and a spin off company is in the wind with Halcyon holding a certain percentage eg 20 to 30%.

All the gold tenements and holdings in other companies will remain. He was adamant that they hold on to the gold as he believe it would hit 2000 us at some point in future time.

Sorry about my late reply

 

[greenfs]

Re: HCY - Halcyon Group

If gold reaches USD2,000 in my lifetime, I think that we may as well all go home as it will mean the USD has depreciated big time. This would mean that the yanks are finished and the chinese would be ruling the world.

Hopefully, you meant USD1,000.

 

[bigdog]

Re: HCY - Halcyon Group

HCY SP today $0.034 is up +$0.003 +9.68% 2,934,098 shares $97,071 @ 02-Oct 10:06:23

ASX ANN today
02/10/2007 Resource Statement - Canegrass Nickel Cobalt Project
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00765466

Highlights
• An Inferred Mineral Resource of 28 Mt grading 0.7% Ni, 0.05% Co (at a 0.5% Ni cut-off) for tenements M24/290 and M24/39
• Equivalent to 196,000 t Ni metal resource
• Halcyon acquired mineral rights to 140,000 t Ni metal (equivalent to 20 Mt grading 0.7% Ni) apply to tenements M24/290 and M24/39
• Designated tenements contain enough resource to cover the Halcyon mineral rights requirements

Halcyon Group Limited (ASX:HCY) is pleased to announce the Mineral Resource Statement of its Canegrass Nickel Cobalt Project (CNCP), (tenements M24/290 and M24/39) covering an area of 15.4 km² of the highly prospective Walter Williams Formation, located 70 kilometres north west of Kalgoorlie.

The company recently announced a heads of agreement for the major acquisition of mineral rights which will allow Halcyon to develop, mine, process and sell a total of 140,000 tonnes of nickel (equivalent to 20 Mt @ 0.7% Ni) as laterite nickel, beneficiated laterite nickel or processed nickel.

The tenements M24/290 and M24/39 over which Halcyon has obtained mineral rights contain a JORC compliant
-- Inferred Mineral Resource of 28 Mt @ 0.7% Ni, 0.05% Co (0.5% Ni cut off grade)

This resource is equivalent to 196,000 tonnes of Ni metal, providing more than enough resource to satisfy Halcyon’s mineral rights.

Subsequent drilling by Wingstar Pty Ltd (vendor) and Halcyon has confirmed that there is a strong potential for this to be upgraded and will be reported in the future.

 

[bigdog]

Re: HCY - Halcyon Group

SP steady at HCY $0.033 $0.00 0.00% 3,482,577 shares $114,925 @ 04-Oct 10:15:56

ASX ANN today
04/10/2007 Solid Nickel and Cobalt Drill Results at Canegrass
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00766480

Is "Solid" the right description?

4 October 2007
SOLID NICKEL & COBALT DRILL RESULTS AT CANEGRASS
Highlights
• Joint drilling program between Wingstar and Halcyon hits solid nickel and cobalt results
• Best Ni result, HSIC017, 14m @ 2.02% Ni, 0.18% Co, from 1 m below the surface
• Best Co result, HSIC129, 4m @ 0.92 %Ni, 0.82% Co, from 18m below surface
• Zones of high nickel and cobalt enrichment found
• Revised resource estimate based on the new drilling data will be announced in the near future

Emerging nickel producer Halcyon Group Ltd (ASX:HCY) has today announced up to date drilling results on its Canegrass Nickel Cobalt Project (CNCP) Siberia, 70 kms north, northwest of Kalgoorlie. A joint drilling program between Wingstar Pty Ltd (vendor of the CNCP) and Halcyon was completed on tenements M24/290 and M24/39. This is the first major drill program at the CNCP since the current resource estimate for the CNCP was prepared by CSA Australia in June 2005.

The company recently announced a heads of agreement for the major acquisition of mineral rights which will allow Halcyon to develop, mine, process and sell a total of 140,000 tonnes of nickel (equivalent to 20 Mt @ 0.7% Ni) as laterite nickel, beneficiated laterite nickel or processed nickel. The Canegrass Project is designated to tenements M24/290 and M24/39 covering an area of 15.4 square kilometres of the highly prospective Walter Williams formation. The current JORC complaint Inferred Resource estimate for the CNCP (M24/290 and M24/39) is 28 Mt grading at 0.7% Ni, 0.05% Co (at a 0.5% Ni cut-off grade).

There were a total of 147 holes, 7,064 metres of RC drilling completed on tenements M24/290 and M24/39 (the best ten results are shown in Table 1 and the rest of the drill results are attached in Appendix A).

- The best Ni result was HSIC017, 14m @ 2.02 %Ni, 0.18% Co, from 1m below surface
- The best Co result was HSIC129, 4m @ 0.92 %Ni, 0.82% Co, from 18m below surface

Managing Director Iggy Tan said that the drilling program has been successful at confirming the robust nature of the Canegrass resource. “The drilling has also confirmed and extended zones of high nickel and cobalt enrichment which we come to expect of the Siberia deposit in the highly prospective Walter Williams Formation”.

“We will be generating a revised resource estimate based on the new drilling data and this new resource will be announced in the near future. The latest program of drill results confirms that we have enough critical mass to proceed to a nickel extraction facility. Consequently, last week, the company appointed Bruce Wedderburn as the Nickel Extraction Feasibility Manager and the scoping part of the study has commenced”.

Mr Tan said that the company’s drill rig has continued in the Patch-Gulch area and will be moving to the recently acquired Monarch laterite nickel mineral right tenements. These tenements are owned by Monarch Gold Mining Company Ltd, but the Company purchased the laterite nickel mineral rights in August 2007. The Company has committed to spend in the region of $1 million on exploration in the next five months.

 

[bigdog]

Re: HCY - Halcyon Group

Looks like market aappreciated this ANN with SP @ $0.037 +$0.006 +19.35% with VG volume!!!!!

HCY $0.037 +$0.006 +19.35% 19,359,386 shares $695,919 @ 09-Oct 10:18:34

ASX ANN today
HCY 9:48 AM Metallurgical Upgrade Potential Confirmed
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00767780
9 October 2007
METALLURGICAL UPGRADE POTENTIAL CONFIRMED
Highlights
• Metallurgical testing results of Canegrass Nickel Cobalt Project
• Confirms expected upgrade potential and nickel recovery from wet screening
• Similar beneficiation characteristics to Norilsk Nickel’s Cawse deposit

Halcyon Group Ltd (ASX:HCY) is pleased to announce results of metallurgical testing of its Canegrass Nickel Cobalt Project, (tenements M24/290 and M24/39) covering an area of 15.4 km² of the highly prospective Walter Williams Formation, located 70 kilometres north west of Kalgoorlie.

Metallurgical bulk samples of “upgradeable ore” were extracted using a Caldwell rig in the Patch-Gulch area in June 2007. The samples were tested for beneficiation potential (wet & dry screening), grindability, abrasion index, and sizings by AMTEC.

 

[SevenFX]

Re: HCY - Halcyon Group

Yes certainly did Bigdog.

Big volumes early, and holding strong atm at 0.037

Little overhead resistance, would see this in blue skies.

EDIT: Spoke 2 Soon. :-((

SevenFX

 

[bigdog]

Re: HCY - Halcyon Group

Two ASX ANNs Oct 31

31/10/2007 First Quarter Cashflow Report
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00778220

Total: cash at end of quarter (item 1.22) $593,000
-- prior quarter $1,359,000


31/10/2007 First Quarter Activities Report
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00778196

For the Three months ending 30 September 2007

SIGNIFICANT EVENTS DURING QUARTER
• Acquisition of a promising Uranium and Nickel exploration project at Goongarrie East, 130 kilometres north of Kalgoorlie.

• Acquisition of the laterite nickel rights at Siberia, from Monarch Gold Mining Company Ltd.

• Announcement of a heads of agreement for the acquisition of mineral rights to laterite nickel deposits in the Canegrass Nickel Cobalt Project – a potential company-maker allowing Halcyon to develop, mine, and extract a total of 140,000 tonnes of nickel metal equivalent.

• Development of plans for a mining operation and heap leach process trials to meet full bankable feasibility study requirements.

• Announcement of a proposed name change to Nickelore Limited, reflecting a proposed move into nickel mining and processing.

• Announcement of a capital restructure, consolidating existing securities on a 1:10 basis, to help facilitate the objective of becoming a nickel producer.

• Appointment of Mr Ray Smith, a Mining Engineer with over 30 years experience in the resources sector, as Stage 1 & 2 Project Manager.

• Appointment of Mr Bruce Wedderburn, a Chemical Engineer with over 27 years experience - including the heap leach test work and trials for Minara Resources Limited - as Nickel Extraction Feasibility Study Manager.

• Metallurgical testing of bulk samples to confirm that wet screening will produce a 100% increase in grade and a 50% recovery of nickel metal, similar to the Cawse operations.

• Confirmation of a significant JORC compliant Inferred Mineral Resource of 28 Mt @ 0.7% Ni, 0.05% Co (0.5% Ni cut off grade) on tenements M24/290 and M24/39 providing more than enough resource for the Canegrass Nickel Cobalt Project production targets.

• Appointment of Mr David Martin, who has previously been General Counsel and Company Secretary for Woodside Petroleum, as Non Executive Chairman.

 

[wildmanchris]

HCY - Halcyon Energy

A friend told me about this little company and its Nickel exploits recently, and said it was hopeful of doing well in this area.

Cant find much on it in terms of research, except for the fact that its sold it gave up its internet business (daytrader) to move into the wonderful world of Nickel mining.

Anyone know of the propsects of this company? Not much action on it of recent times except a massive day of volume in September. Any knowledge shared would be appreciated.

 

[bigdog]

Re: HCY - Halcyon Energy

A friend told me about this little company and its Nickel exploits recently, and said it was hopeful of doing well in this area.

Cant find much on it in terms of research, except for the fact that its sold it gave up its internet business (daytrader) to move into the wonderful world of Nickel mining.

Anyone know of the propsects of this company? Not much action on it of recent times except a massive day of volume in September. Any knowledge shared would be appreciated.

wildmanchris

A tread already exists for HCY - Halcyon Group

https://www.aussiestockforums.com/forums/showthread.php?t=849&highlight=hcy

 

[bigdog]

Re: HCY - Halcyon Group

ASX ANN today

The market liked the ANN

SP HCY $0.035 +$0.003 +9.37% with high of $0.038 24,900,310 shares $903,032 @ 13-Nov 11:18:49

13/11/2007 High Grade Results at Canegrass Nickel Cobalt Project
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00782177

Highlights
• High grade nickel and cobalt enrichment extensions confirmed at Canegrass • The results indicate a substantial mineralised zone around Halcyon’s proposed Patch-Gulch pit
• The best Nickel result was 18m @ 1.42 %Ni, 0.07% Co, from 2m below surface
• The best Cobalt result was 4m @ 0.35% Co, 0.6 %Ni, from 18m below surface
• High grade nickel and cobalt enrichment confirmed at Fox Prospect, 2km east of Patch-Gulch pit

Emerging nickel producer Halcyon Group Ltd (ASX:HCY) has today announced up to date drilling results on its Canegrass Nickel Cobalt Project (CNCP) Siberia, 70 kms north, northwest of Kalgoorlie. A drilling program was completed in and around the proposed Patch-Gulch area, the first nickel laterite mine being developed by the company.

The drilling program identified important extensions of the mineralsed zone up to two kilometers from Patch-Gulch, expected to be the site of Halcyon’s first mining operation in 2008

The best Nickel result was FX23, 18m @ 1.42 %Ni, 0.07% Co, from 2m below surface

The best Cobalt result was FX8, 4m @ 0.35% Co, 0.60 %Ni, from 18m below surface

Managing Director Iggy Tan said today that the drill results were very positive and confirmed zones of high laterite nickel and cobalt enrichment extend around the proposed Patch-Gulch area, which has been identified as the highest grade area within the JORC compliant Inferred Resource of 28 Mt @ 0.7% Ni, 0.05% Co (at a 0.5% Ni cut-off grade).

“Intersections close to the surface, west and northwest, of robust thickness point to the possibility of this mineralisation extending into the high grade area already delineated at Patch-Gulch ”, he said.

“Also, particularly pleasing are the high nickel and cobalt grades identified at the Fox Prospect, 2km east of Patch-Gulch with grades running as high as 1.42% nickel and 0.35% cobalt in some drill holes The presence of significant laterite nickel drill intercepts both inside and outside the footprint of the known resource has given further confidence in the magnitude of the known resource,” he said.

There were a total of 84 holes, 3,322 metres of RC drilling completed on tenements M24/39 and M24/290.

 

[bigdog]

Re: HCY - Halcyon Group

ASX ANN today

All Ordinaries: 6,424.3 down 108.9

HCY $0.031 +$0.002 +6.90% 1,918,000 shares $58,273 @ 27-Nov 10:15:11

Looks like market liked the ANN!!

27/11/2007 Total Mineral Resource Increase for Canegrass
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00787615

TOTAL MINERAL RESOURCE INCREASE FOR CANEGRASS
Highlights
• Halcyon upgrades resource statement for Canegrass Nickel Cobalt Project

• In- fill drilling defines the first Indicated Resource of 2.6 million tonnes at 0.78%Ni, 0.06% Co

• The latest results come from Patch-Gulch being developed as the Company’s first Laterite pit at Canegrass

• Total JORC Compliant Resource for the Canegrass Project increased to 29.6 million tonnes at 0.73%Ni, 0.06% Co

 

[bigdog]

Re: HCY - Halcyon Group

ASX ANN today
03/12/2007 ASX Circular: Share consolidation
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00790744

HALCYON GROUP LIMITED - REORGANISATION OF CAPITAL

Participating Organisations are advised that the reorganisation of capital of Halcyon Group Limited (the “Company”) will become effective on Tuesday 4 December 2007. The reorganisation is by way of consolidating every ten ordinary fully paid shares in the capital of the Company into one fully paid ordinary share. Fractions will be rounded down.

The following timetable will apply.

30 November 2007 Shareholder approval.

4 December 2007 Trading will commence in the reorganised securities on a deferred settlement basis. ASX Code: HCYDA

10 December 2007 Last day for the Company to register transfers on a pre-reorganisation basis.

11 December 2007 First day for the Company to register securities on a post reorganisation basis.

17 December 2007 Despatch date. Deferred settlement trading ends ASX Code: HCY

 

[wildmanchris]

Re: HCY - Halcyon Group

Good old consolidation - every time I have come across this it has sent the share price south.

Anyone with any thoughts on it for HCY?

 

[bigdog]

Re: HCY - Halcyon Group

05-12-2007 12:37 PM HCY Name Change to Nickelore Limited

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00792017

NAME CHANGE TO NICKELORE LIMITED
Highlights
• Nickelore Limited is the new name of the Company
• Currently trading on a deferred settlement basis under ASX code HCYDA
• Commence trading under new ASX code NIO on 18 December 2007

The change of name of Halcyon Group Ltd to Nickelore Limited (“the Company”) is now effective following registration with the Australian Securities and Investments Commission on 3 December 2007.

The Company’s shares are currently trading on a deferred settlement basis under ASX code HCYDA.

The Company’s new ASX code NIO will come into effect on the 18 December 2007.

 

[bigdog]

Re: HCY - Halcyon Group

ASX ANN today

13/12/2007 Promising Results from Heap Leach Testwork
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00794898

Highlights
• Initial heap leach testwork for Nickelore’s Canegrass scoping study has produced excellent results
• Nickel extraction averaged an excellent 53% after 43 days for 80% of the ore
• Cobalt extraction was exceptional – an average of 86% after 43 days for 80% of the ore
• Testwork indicates the ore has good agglomeration and percolation characteristics
• There is no evidence of significant flaws in the process.
• The Company has now progressed to 4 metre column testing

 

[wildmanchris]

Re: HCY - Halcyon Group

Hi Bigdog,

Is it just me or is HCY (or Nickelore) sending out some seriously good news? Their announcements on Canegrass progress look pretty good to me.

 

[bigdog]

NIO - NickelOre FPO

HCY - Halcyon Group is now trading at NIO - NICKELORE FPO
-- Company Trading Status: Normal with no sales yet!

The HCY tread was
https://www.aussiestockforums.com/forums/search.php?searchid=913087

 

[wildmanchris]

Re: NIO - NickelOre FPO

Does anyone hold NIO? I hate consolidations - recipe for rubbish but I am pretty confident in what NIO are doing so are happy to weather the storm for now.

Did any one get the offer in the mail re the options? At the price today the share price would have to be $0.46 to break even with the options if you took it up at $0.34. Is that right?

 

[porkpie324]

Re: NIO - NickelOre FPO

I did hold these (HCY), and took 2 trades last Aug Sept sold on the SP spikes I always sell a yet to dig anything out of the ground miner on a share price spike. I did intend to buy again but then the dreaded consolidation was announced so held off. I think long term it's a good move espacially when a company has a zillion shares on issue. I will buy these again on any weakness now though.porkpie

 

[ianablue]

Re: NIO - NickelOre FPO

Company has modified its new issue offer in the light of reduced sp.

"Nickelore announces a new rights issue offer, which replaces the previous rights issue offer announced on 4 December
2007
• Shareholders will now be offered 1 new share for every existing share held at 15 January 2008, at an issue price of 25
cents
• The offer includes a free attaching option on the basis of one option for every two shares subscribed for, with an
exercise price of 30 cents each and expiring on 31 January 2009."