ZEU - Zeus Resources

[Stockbailx]

The supply/demand and switch to nuclear due to clean energy is still just a thesis as well. Also, could be another Fukushima tomorrow and uranium goes in the toilet for another decade. I doubt these stocks are going to keep running much further and will need some further consolidation once the heat drops. kennas

Nector Gods', Kennas could not of said it better, Problem is got to have the Government pull thier finger out and stop digging them selfs and their fairy Queen, bull**** of a constructive demographic of policy and Australians well being. And dig it up for the constitution of a republic. Where living the day but losing the dream. I'm sure everyone will be respectable and responsible for its actions...Demand of Uranium would be rising...

 

[The Triangle]

Nector Gods', Kennas could not of said it better, Problem is got to have the Government pull thier finger out and stop digging them selfs and their fairy Queen, bull**** of a constructive demographic of policy and Australians well being. And dig it up for the constitution of a republic. Where living the day but losing the dream. I'm sure everyone will be respectable and responsible for its actions...Demand of Uranium would be rising...

Are you a paid poster? Always talking about the pumped stocks...

Zeus in suspension. Very naughty looking. Yet another dodgy china run company? https://www.zeusresources.com/board-of-directors/

Zeus Resources (ASX:ZEU), WA uranium play, soars after engaging offshore 'consultancy' linked to secretive WhatsApp investor group

Part Chinese Communist Party-owned uranium play Zeus Resources’ share price soared more than 100 per cent early this week after engaging a Singapore-based small-cap “consultancy” boasting a secret network of WhatsApp groups and encrypted online forums.

themarketherald.com.au

And

https://twitter.com/stockswami

 

[frugal.rock]

Zeus in suspension. Very naughty looking. Yet another dodgy china run company?

Gladiator Resources Ltd (ASX: GLA) (Gladiator or the Company) provides the following updates for its drilling program at the Victoria Star prospect within the Company’s 100% owned Bendoc Gold Project and its proposed acquisition of Zeus Resources (T) Limited (Zeus Resources)

Can't see any recent announcement by Zeus about this, but i haven't bothered to look further into it.
Broker only shows the last 10 announcments and not bothered to look harder or read any.
Nothing in headings of last 10 anyway.

 

[The Triangle]

Gladiator Resources Ltd (ASX: GLA) (Gladiator or the Company) provides the following updates for its drilling program at the Victoria Star prospect within the Company’s 100% owned Bendoc Gold Project and its proposed acquisition of Zeus Resources (T) Limited (Zeus Resources)

Can't see any recent announcement by Zeus about this, but i haven't bothered to look further into it.
Broker only shows the last 10 announcments and not bothered to look harder or read any.
Nothing in headings of last 10 anyway.

Pretty sure it's a different Zeus. Off topic, GLA is another one I don't trust.

 

[frugal.rock]

Had another quick glance, your right. It's A Tanzanian company.

 

[Dona Ferentes]

By Jove, we're back, lightning bolt in hand. Taken a while, but ZEU has raised capital and relisted. (Mmmm.)

Highlights
• Highly encouraging Sulphate of Potash (K2SO4) assay results received from the air-core drilling completed at Lake Way in September. Seven samples were analysed for K, SO4, Mg, Na and Cl. Drill hole LWP002 intercepted the basal sand and returned assay results of up to 3,340 mg/L potassium and 24,000 mg/L sulphate (equivalent to 7.4 kg/m3 SOP). The assay results confirm potassium and sulphate mineralisation in the palaeochannel basal sand 8.5 km north of Lake Way;
• Drone Aerial Survey was carried out at Mortimer Hills by Pegasus Airborne Systems in late September. Survey covers the prospective areas for lithium, manganese, and base metal mineralisation. Processed High-resolution photogrammetry received for Pegmatite Creek. Results of survey indicate the method is highly effective in locating outcropping pegmatites;
• On 11 November, the Company received communication from ASX which provided an extension until 31 January 2023 of the date by which the Company needs to satisfy the reinstatement conditions as set out in ASX letter dated 28 April 2022;
• The Company’s prospectus was lodged with ASIC on 7 December 2022 and released to ASX on 8 December 2022;
• The Offer under the Prospectus closed on 18 January 2023, and it has been well supported, with applications received (including .. the shortfall ) for 219,150,000 Shares being the maximum subscription under the Offer ($2,191,500);

 

[Dona Ferentes]

Freshly minted ... is it worthy of an entry in the tipping comp?

“We are excited about the Company getting reinstated on ASX in February 2023.

"We are also pleased that Zeus has applied some new tenements to build a more diversified assets portfolio after the reinstatement as well as planning a drilling program at the highly prospective Mortimer Hills lithium and REE Project for next quarter.” said Mr Jian (Daniel) Liu, Executive Director of Zeus.

Highlights
• On 8 February 2023, Zeus was successfully reinstated to official quotation on ASX after an oversubscribed fund raising of A$2,191,500;
• An aerial drone photogrammetry survey was carried out at Mortimer Hills by Pegasus Airborne Systems in late September 2022. Further data processing in March 2023 produced the high-resolution map for future
mapping of possible pegmatite outcrops;
• During March 2023 Company geologists carried out a field trip at its Mortimer Hills Project to confirm earlier mapping of pegmatites, take selected rockchip, soil and stream sediment samples for chemical
analysis and to plan access for the planned RC drilling program;
• Zeus are planning to carry out a reconnaissance RC drilling program in the next Quarter to test these mapped pegmatites for lithium and Rare Earth Elements (REEs) once all the necessary approvals have been obtained;
• The Company has applied for two new tenements (E09/2791 and E09/2798) at Mortimer Hills approximately 130 km northeast of Gascoyne Junction in Western Australia;
• The Company has applied for two new tenements (E59/2804 and E59/2806) approximately 60 km west of Paynes Find in Rothsay District in Western Australia;
• The Company has applied for two new tenements (E69/4147 and E69/4148) approximately 1,000 km northwest of Kalgoorlie and 1,600 km northwest from Perth in the Musgrave region of Western Australia.

Corporate and Financial
• Quarterly administrative and other operational expenditures are within the budget;
• The Company’s statement of cash flows for the Quarter is set out in Appendix 5B. At the end of the Quarter the entity had A$2.277M with no debt;
• ZEU confirms it is not aware of any new information or data that materially affects the information included in the original market announcements previously lodged with ASX;
• During the quarter $35,000 was paid to related parties and their associates. The payments related to Executive Director’s salary, Director, and Company secretarial fees.

How's it travelling since that IPO at 20c? A bit soggy! No mention of potash, all aboard Li and REE !

 

[Dona Ferentes]

Freshly minted ... is it worthy of an entry in the tipping comp?
How's it travelling since that IPO at 20c? ...No mention of potash, all aboard Li and REE !

Shoulda

.... no news, but a 50% break up today

 

[Swervin Mervin]

Took a punt on this one today. It appears these directors have no idea what they’re doing which is a concern. And 220m 2c oppies doesn’t help. Looking for a quick trade to 5c if drilling ever starts at Mortimer

 

[Dona Ferentes]

and another 20 per cent on Friday.

Grrr. Would be leading the monthly comp 2x in a row!

Watch for the TH and capital raising

Last news was 24 May :
HIGHLIGHTS
Program-of-Work (PoW) was approved for the Phase 1 drill program at Mortimer Hills Lithium Project, Gascoyne Region, Western Australia.
• A large number of outcropping pegmatites have now been identified and confirmed in the Pegmatite Creek Prospect area of the Mortimer Hills Project.
• An initial drilling program for about 1,700m is now planned for early June and will concentrate on drilling directly into the mapped pegmatites from surface. The pegmatites are centrally located in E09/2147 and are found similarly across the granite greenstone contact along the strike from the Yinnietharra Lithium Project (https://deltalithium.com.au/our-projects/yinnetharra-lithium/) developed by Delta Lithium Limited (ASX: DLI) to the northwest.
• The drilling service provider has been confirmed. The Aboriginal Heritage Desktop Assessment of the Mortimer Hills Project has been finalised.
• Drilling targets are within “Volta Corridor” (Figure 1) – a major lithium-bearing pegmatite belt in which DLI is developing and enlarging the Yinnietharra Lithium Project on our neighbouring tenement.
• A Program of Work (PoW) for Phase 2 drilling has also been lodged to cover follow-up drilling on the interpreted extent of the prospective lithium ground on E09/2147, closer to the growing DLI’s Yinnietharra Lithium Project.

 

[Dona Ferentes]

no mucking around, by Jove , these guys are onto it...

Phase 1 drill program has commenced at Mortimer Hills Lithium Project, Gascoyne Region, WA.
• Phase 1 drilling program for about 1,700m has commenced and will concentrate on drilling directly into the mapped pegmatites from surface as well as testing geochemical anomalies outlined using a hand-held pXRF.
• The mapped pegmatites are centrally located in E09/2147 and are found similarly across the granite greenstone contact, along strike from the Yinnietharra Lithium Project being developed by Delta Lithium (ASX: DLI) to the northwest and the Ti Tree Lithium Project by Voltaic Strategic Resources (ASX:VSR) to the southeast.
• A large number of outcropping pegmatites and geochemical anomalies have been identified at the Pegmatite Creek Prospect area of the Mortimer Hills Project by previous field work. A soil geochemical carried out prior to the Phase 1 drilling program, and more pegmatite outcrops with tourmaline alteration were discovered in western part of E09/2147 which is closer to DLI’s Yinnietharra Lithium Project.

... getting the interest of some, and still pushing higher

 

[Dona Ferentes]

keeping them guessing. Now 54c

now in trading halt ... following:

SIGNIFICANT PEGMATITES INTERCEPTED FROM SURFACE AT MORTIMER HILLS PROJECT’S PHASE 1 DRILL PROGRAM

HIGHLIGHTS
Phase 1 drilling program of 19 holes for a total depth of 948m intersected multiple thick pegmatites at Pegmatite Creek, Alpha and Beta Prospects, Mortimer Hills Project.

Intercepts include:
MHC002: 34 m* in five pegmatites intercepted from surface with EOH** at 70 m at PegmatiteCreek Prospect.
MHA003: 17 m* in two pegmatites intercepted with an EOH at 50 m at Alpha Prospect.
MHA001: 15 m* in two pegmatites intercepted with EOH at 50 m at Alpha Prospect.
*All the drill intersection widths are apparent only and since the orientation of the pegmatites is unknown these apparent widths may be considerably greater than the true widths of the pegmatites.
• The pegmatites intersected by this drilling had visually similar texture and mineralogy to pegmatites occurring at the Yinnietharra Lithium Project being developed by Delta Lithium Limited (DLI)

 

[Dona Ferentes]

And SLAP

...
RETRACTION AND SUPPLEMENTARY INFORMATION – MORTIMER HILLS PROJECT ANNOUNCEMENT


Zeus Resources Ltd (ASX: ZEU) refers to its announcement titled ‘Significant Pegmatites Intercepted – Mortimer Hills Project’ lodged on ASX Market Announcements Platform earlier today 20 June 2023.

Following discussions with ASX, the Company retracts the information contained in the Announcement in relation to the intercepts as the disclosure does not meet the requirements of clause 4 of the JORC Code. The Company advises that the information should not be relied upon for investment decisions.

The Company further provides the following supplementary information in relation to Figure 2 included in the Announcement:

Rock - Schist
Type Visual Description* - Foliated muscovite mica (90-95%) with minor tourmaline (5-10%)

Rock - Pegmatite
Type Visual Description* - Medium to coarse grained muscovite (15-30%), quartz (15-30%), feldspar (40-60%), spodumene (0-10%)

*It should be noted that visual estimates of mineral abundance should never be considered a proxy for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also provide no information regarding impurities or deleterious physical properties relevant to valuations.
As indicated in the Announcement, the assay results in respect of the above visual estimates are expected to be released in about 8 weeks.

 

[peter2]

Attracting some attention today after the latest DLI drill results (as is VSR).

 

[Dona Ferentes]

And SLAP
.

And called to see the headmaster. Cuts or lines?


With respect of the purchase by Mr Colin Mackay of ZEU securities on-market on 3 and 9 March 2023 respectively. ... Please refer to our responses to the questions raised.
1. Noting the Transactions occurred within the two week period prior to the release of ZEU’s half year results, please explain the basis for ZEU’s apparent view that the Transactions were conducted in accordance with the Policy.
The Company acknowledges that the Transactions were not conducted strictly in accordance with the Policy. This was an inadvertent breach of the Policy by Mr Mackay.
2. Please provide a copy of Mr Mackay’s notification to ZEU’s chairman of his intention to trade (as required by section 11.2 of the Policy), and any subsequent approval given (not for release to market).
Mr Mackay did not formally notify the Company’s chairman of his intention to trade or obtain any approval. This was an inadvertent breach of the Policy by Mr Mackay.

Please refer to the response to question 3 for further information.
3. If the Transactions were not conducted in accordance with the Policy, please outline what disciplinary and remedial action ZEU intends to take in response to this breach.
Due to an oversight regarding the time of release of the Company’s half year results, Mr Mackay did not comprehend that a blackout period was in place under the terms of the Policy. Accordingly, this was not a deliberate breach of the Policy by Mr Mackay.
The Company confirms that Mr Mackay has advised that he was not in the possession of any inside information at the time of the Transactions.

The Company further notes the following:
(a) Mr Mackay only purchased a small amount of shares and options under the Transactions to round up his holdings.

 

[peter2]

Phase 1 drill results showed no lithium, tin or tantalum indicating that the tested shallow areas were not derived from nearby granite intrusion but rather a result of shearing of the host schists. Well, schist it is then. Price tumbles.

But wait, there's a phase 2 drilling program that will drill deeper. Nearby DLI's pegmatites were encountered between 50 - 200m. So ZEU is drilling deeper.

Allow a couple of weeks to drill, 6 - 8 wks for the lab results. ZEU may be ready to win the Sept/Oct comp. Sounds like a plan.

 

[Dona Ferentes]

"Planning is essential " - Dwight Eisenhower

 

[Captain_Chaza]

Ahoy there Brave and Loyal Captain of SWING

I hope these charts can help

Sailing the ZEU ------One WEEK at a Time --------&-------------One DAY at a Time ------------------& -----------5 MINUTES at a Time

NB: What a horrible Gap on the Open shown in the 5 Minute Chart

Nobody was Spared the Pain!
She can be MERCILESS!

Salute and Gods' Speed

 

[Miner]

Phase 1 drill results showed no lithium, tin or tantalum indicating that the tested shallow areas were not derived from nearby granite intrusion but rather a result of shearing of the host schists. Well, schist it is then. Price tumbles.

But wait, there's a phase 2 drilling program that will drill deeper. Nearby DLI's pegmatites were encountered between 50 - 200m. So ZEU is drilling deeper.

Allow a couple of weeks to drill, 6 - 8 wks for the lab results. ZEU may be ready to win the Sept/Oct comp. Sounds like a plan.

As a significant holder why Colin resigned immediately on 10 July? Not sure if the ASX query of 6 July has nothing to do with this.
There is no indication if he sold off his holding or not
ASX and company website still show shows Mr. Colin as a director

Board of Directors – Zeus Resources

www.zeusresources.com

DNH but looking into the list of the Board of Directors, it begs more due diligence.

 

[Dona Ferentes]

speeding ticket?

.
nothing in the mailbox yet

.
but, oh @peter2

.Allow a couple of weeks to drill, 6 - 8 wks for the lab results. ZEU may be ready to win the Sept/Oct comp. Sounds like a plan