WTM - Waratah Minerals

[System]

Metals of Africa Limited (MTA) has entered into an agreement to acquire 100% of the mining rights to Rio Mazoe Base Metal Project located in Tete Province in central west Mozambique, Africa.

http://www.metalsofafrica.com.au

 

[System]

On December 30th, 2016, Metals of Africa Limited (MTA) changed its name and ASX code to Battery Minerals Limited (BAT).

 

[greggles]

Battery Minerals announced this morning that it now has 80% of graphite production covered by sales contracts after signing a fourth binding off-take agreement.

The latest agreement, with specialist spherical graphite and anode production company Qingdao Keshuo New Materials Technology Co. Ltd, is for 10,000 tonnes a year of graphite concentrate over an initial term of three years.

The company is now moving rapidly towards development and production at its Montepuez graphite project in Mozambique and they are expected to be in production by December 2018 and complete their first shipment in the March Quarter of 2019.

The BAT share price is up 1.5c to 8.5c so far today, a 21.43% gain on Friday's close.

 

[peter2]

No posts on BAT. Looks like everyone missed the 500% increase from 0.005 to 0.03 that happened in 2020.

The reason I'm posting now is that there's a high probability setup for the "quick and the dead" gun traders on ASF. The "pattern" starts with a high volume bullish move up. That's seen in the daily chart from 0.02 to 0.04 recently. Price didn't stay in a narrow range near the high (indicates strong demand) but went down to about halfway ( 50 - 62% buy zone). The interesting thing about that price pull-back is that the volume was very low. There's no sellers, minimal supply indicated. I will see if I can buy this at 0.028 - 0.029 and use a iSL at 0.025/0.026. Small risk and if the demand shown in that impulsive swing is genuine I'd anticipate price going back to the old high at 0.04. An acceptable RR opportunity for me.

Had a chuckle reading about their need for an Elephant management plan on their Mozambique graphite lease. So far there's been no Elephant - Worker incidents. ?‍?

 

[Dona Ferentes]

BAL still running with the Mozambique graphite hopefuls : Montepuez and Balama.

But these seem to be on a treadmill to nowhere. Covid restrictions, Islamists to North, push for locals to replace expats.

So, it's time to go local (might need a name change down the track) (to Nearology Mining?)

During the December 2020 Quarter, Battery Minerals completed acquisition of 100% of Gippsland Prospecting Pty Ltd, which owns the highly prospective Stavely Stawell Project (exploration licence EL6871) immediately adjacent to Stavely Minerals (ASX:SVY) Thursday's Gossan copper-gold project in Victoria.

The tenement covers 808sqkm and hosts the historic Moyston gold mine, which produced ~75,000oz at 22g/t Au. The boundary of the exploration licence is also just 7km from the rich Stawell gold mine, which has produced ~5Moz of gold.

The Stavely Stawell Project is considered highly prospective for shear zone-hosted orogenic gold deposits such as Stawell, as well as volcanic hosted base metals mineralisation and large scale Cadia Ridgeway-type porphyry copper mineralisation, within the well defined Stavely volcanic belt.

 

[frugal.rock]

Trading around 10 cent now on temporary BATDA ticker post share consolidation of 30:1
Eugh.

 

[System]

On January 5th, 2024, Battery Minerals Limited (BAT) changed its name and ASX code to Waratah Minerals Limited (WTM).

 

[Dona Ferentes]

and a lazy 100 per cent today

Waratah’s exploration strategy of targeting the margins of the Cargo Intrusive Complex at the Spur Project, for epithermal-porphyry mineralisation, is supported by the importance of this setting at several major deposits nearby e.g. Cadia (>50Moz Au & 9.5Mt Cu), Cowal (9.6Moz Au, Evolution 2023) and Boda (6.4Moz Au & 1Mt Cu, Alkane 2023). The coincidence of early K-feldspar + albite + tourmaline, pervasive albite-silica-hematite (Inner-propylitic), skarn porphyry alteration with later high-grade epithermal veins/stringers indicates the epithermal gold mineralisation likely represents the upper-levels of a preserved epithermal porphyry system.

Waratah Managing Director, Peter Duerden, said: “Spur continues to deliver exceptional drilling results, the results from hole 7 are pivotal, demonstrating a dramatic increase in grades downdip and an association with copper as predicted by our epithermal-porphyry exploration model”

 

[Dona Ferentes]

and a lazy 100 per cent today

still going

 

[bettamania]

Even more than before!

this is semi counter trend system for an example for a long term profitability. To avoid any copy trade from anyone, I will post once it is in a decent profit.

 

[Captain_Chaza]