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Re: NRU - Newera Uranium - URANIO AG

For comparison, I would like a Central African uranium mine present, which is headquartered in Switzerland. Trading on the Open Market Frankfurt (Germany).
The company has 252 million shares.
But, be carefull. I think this share is not clean. Like the diamonds from this area.
Behind the company, I think, stands Président Bozizé and his nephew Syvain Ndoutingai.

http://www.boerse-frankfurt.de/DE/index.aspx?pageID=35&ISIN=CH0028827852
http://www.uranio.ch/english/
what do you think about ?
 
Re: NRU - Newera Uranium - URANIO AG

Dragonkiller said:
For comparison, I would like a Central African uranium mine present, which is headquartered in Switzerland. Trading on the Open Market Frankfurt (Germany).
The company has 252 million shares.
But, be carefull. I think this share is not clean. Like the diamonds from this area.
Behind the company, I think, stands Président Bozizé and his nephew Syvain Ndoutingai.

http://www.boerse-frankfurt.de/DE/index.aspx?pageID=35&ISIN=CH0028827852
http://www.uranio.ch/english/
what do you think about ?
Click to expand...

What?
 
NRU

perfect bowl /cup and handle formed extending over past 5 months. Big volume increase over the past two weeks (handle). I'd say above .044 would be a break-out. wish I had cash to play it. I've been shy of U generally but this looks technically attractive... to me anyway.
 
Re: NRU - Newera Uranium

NRU announces its 100% acqusition of Shanagan Coal Project in Mongolia.

• Binding agreement executed for the acquisition of up to a 100% interest in the Shanagan Project located in Central Mongolia
• Ideally located ~ 50km from existing rail siding which connects to the trans-Siberian railway servicing China
and Russia
• Greenfield exploration opportunity with outcropping Late Permian coal seams in the north-west of the tenement
• Several historical trenches expose shallow dipping coal
seams of consistent thickness between 1 – 5m
• Recent trench sampling by Newera confirms bituminous coal
• Immediate exploration program planned for coming months including a 5 hole drill program

258m shares, with $2.2m in hand.
 

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Re: NRU - Newera Uranium

Newera Mongolian Geological Mapping Results - Shanagan Coal Project

HIGHLIGHTS
●Newera’s initial interest in the Shanagan project was generated by a single, previously identified and sampled coal seam, outcropping over several kilometres.

●Recently completed high resolution geological mapping at 1:10,000 scale, identifies up to nine coal seams, through surface mapping and identification of discrete coal outcrops.

●Interpretation of the mapping results by Newera’s geological consultants in Mongolia suggest potential for a combined coal seam thickness in excess of 20 metres.

●The coal seams exist in Late Permian coal-bearing strata occupying an asymmetrical syncline with a dominant flank with 5 - 10 degree dips from the east and a shorter flank with 30 - 40 degree dips from the west.

●Interpretation suggests that if economic, the seams should be accessible by open pit.

●An immediate exploration program is planned for coming months including a five hole drill program.
 
Re: NRU - Newera Uranium

Drilling to Commence – Shanagan Project, Mongolia.

HIGHLIGHTS
• Newera Resources Ltd is pleased to advise that its Mongolian subsidiary company, Newera Resources Mongolia LLC, has executed a drilling contract with Mongolian drilling contractor Best Drilling LLC.
• The drilling contract covers an ~ 1,000 metre drilling program that Newera intends to undertake on its Shanagan coal project area 140km south east of Ulaanbaatar.
• Drilling is planned to commence in Mid-August – pending the licence holder gaining all necessary Government approvals prior to the planned commencement date.

HIGHLIGHTS FROM NGS MAPPING
• A team of 3 experienced geologists from Nordic Geological Solutions LLC recently successfully completed high resolution mapping (i.e. 1:10,000 scale) with special focus on the coal-bearing sector of the Shanagan exploration property.
• Mapping confirmed Late Permian coal-bearing strata within a c. 8 km² area in the eastern part of the exploration tenement.
• Significantly, up to 9 laterally continuous black coal seams were identified by the mapping team, extensively exceeding the previous understanding of the number of Late Permian coal seams thought to exist, and as such, adding considerable value to the Shanagan project.
• The seams outcrop, or sub-crop, along the flanks of a NE – SW trending asymmetrical syncline.
• The thickness of the Late Permian coal measures estimated at c. 200m based on the detailed mapping - possibly thicker within synclinal sedimentary depocentre.
• NGS estimates combined coal thickness of c. 20m, with coal / clastic sediment ratio similar to the Late Permian Blackwater Group in the Bowen Basin.
• Sedimentary bedding dips between c. 5 and 40 degrees, with low angle dips along the extensive western flank and steeper dips along the restricted eastern flank.
• Favourable open-cut strip ratio for the vast majority of the deposit expected by NGS.
• Late Permian sandstone strike ridges continue for 100's of metres along strike, indicating somewhat limited post Permian structural deformation, with largest fault displacement of only a few 10’s of meters in places.
• The coking properties of the extensive Late Permian coal-bearing system in Mongolia is well documented (e.g. Erdenetsogt et al., 2009). Given the Late Permian age of the Shanagan coal measures and the synclinal architecture of the deposit, the potential coking coal distribution is predicted to be somewhat complex by NGS.
• NGS recommends a phased JORC-compliant drilling and trenching program to commence as soon as practicable possible. In this context NRU has already secured a drill rig for this initial exploration program.
• The initial drilling program to comprise 5 holes with a combined length of c. 1,000m, as well as trenching along the flanks of the syncline, with the aim of providing a maiden JORC resource during the next quarter. Drilling program to be supervised by 5 experienced NGS geologists.
• Extensive coal quality testing (including coking properties) to be conducted at SGS laboratory in Ulaanbaatar.
 
On June 23rd, 2015, Newera Resources Limited (NRU) changed its name and ASX code to Consolidated Zinc Limited (CZL).
 
Consolidated Zinc saw a jump in share price and volume on 5 September after it announced that it intends to immediately commence mining at its Plomosas zinc-lead-silver project in northern Mexico. This decision was made after the company entered into a processing and offtake agreement with Grupo Mexico through their nearby Santa Eulalia concentrator, with the Plomosas concentrate sold and delivered to Grupo Mexico's San Luis Potosi smelter.

Since 5 September CZL has consolidated in a tight trading range between 1.4c and 1.8c but today it appears as though it may be ready for the next leg up after reaching an intraday high of 2c and closing at 1.8c on increasing volume after four trading days of relatively low volume.

Watching closely for a break through 2c.

big.chart-CZL.gif
 
greggles said:
Watching closely for a break through 2c.
Click to expand...

Very positive price action …… tempted to get involved but buying the initial spike off recent lows is not usually productive from my experience …… Definitely needs to be followed and on the watchlist for the next couple of months;)
 
barney said:
Very positive price action …… tempted to get involved but buying the initial spike off recent lows is not usually productive from my experience …… Definitely needs to be followed and on the watchlist for the next couple of months;)
Click to expand...
This morning's price action is looking good. Currently at 2c with a high of 2.1c. The buy side of the market depth is heavy with bids while the sell side appears to be thinning out. CZL might see 2.5c today.
 
greggles said:
CZL might see 2.5c today.
Click to expand...

Well, Consolidated Zinc didn't see 2.5c on Tuesday but it saw it today after the company announced this morning that the first shipment of ore has left its high-grade Plomosas zinc-lead-silver project in Mexico and that first revenues are expected in October-November.

CZL was up 44.44% to 2.6c today, closing near its high for the day of 2.7c on volume of 66 million shares. Should now see some consolidation at current levels.
 
less than a week till SPP closes @2.4
not underwritten so I wonder what the instructions to the jockey are (to the broker). struggling, but a quick pump to 3 prior is feasible. (uncertain of after)
 
well ...it got to 2.9 for a 20% rise before they extended the SPP date by a week to 22Oct, and down 10% ...... if they want the cash it needs to stay attractive for holders ...... over to the jockey.
 
Rising volume, and a break through resistance at 3c. The 4c level looks like it might also present a challenge, but I think the worm may have turned here.

Check out the Investor Presentation released yesterday.

big.chart-CZL.gif
 
greggles said:
Rising volume, and a break through resistance at 3c. The 4c level looks like it might also present a challenge, but I think the worm may have turned here.
Click to expand...

They've got some pretty high grade zinc in Mexico... but, not much.

Screen Shot 2021-10-15 at 2.10.54 pm.png
 
CZL raising $1.55 million though the issue of 50 million shares at 2.5c per share to fund two acquisitions (WestOz Lithium Pty Ltd and Pyramid Minerals Pty Ltd) as well as working capital.

To early to say much about the acquisitions other than they certainly appear to have potential based on the information presented in today's announcement. However, CZL will need to identify the most prospective project and get to work progressing that one quickly to conserve cash and hopefully prove to the market that they have something of value here.

CZL300322.jpg
 
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