gordon geko
- 22 Feb 2005 11:50
could this be the next one to go like white nile speculaors talking about 20p i'm in @ 4p RAB capital have 30% so following thier lead any opinions ????
driver
- 25 Apr 2012 09:58
- 355 of 441
This is massive.
“This has the potential to be one of the world’s largest single nickel laterite deposits.
“This resource estimate of 95 million tonnes is three times the size of our initial target for this campaign.
Maiden JORC Compliant Mineral Resource Estimate for the Mambare Nickel Laterite Project
http://www.moneyam.com/action/news/showArticle?id=4355635
driver
- 01 May 2012 16:04
- 359 of 441
Courtesy of Rusty133 (Dni)
I have at last caught up with the activity on the site and, with much encouragement from Vip and others, I thought it was about time that I jumped back on the thread and dropped you a note from the Front.
Mambare
So, the key takeaways from the resource estimate announced last week are:
* nearly a million tonnes of nickel at almost 1% with more to come in the next couple of weeks
* massive potential upside with only 3% of the plateau drilled and included in the estimate
* three times the target for this campaign and a high level of confidence to move quickly to scoping out our development strategy
* Mambare is the first and, so far, the only resource in the world licensed to use the DNi Process
For the purists, let's acknowledge that the resource is not measured and much of the estimate is inferred. But that is all that we need at this stage for the JV and the market to have a level of confidence that justifies prefeasibility studies and, more than likely, some additional drilling to proceed to metallurgical testing in the DNi plant in Perth and eventually, a DFS for what could be at least a 20x20 mine (20Ktpa of Ni in concentrate for 20 years). And all of this will tie in with the delivery of the DNi Process in 2013.
It is putting it mildly to say that the JV is pretty damn pleased with the outcome so far. I guess all of us thought that the RGM share price deserved a better uplift to recognize the upgrade to a JORC resource, the better than expected result and the increasingly likely potential of a world-class nickel mine licensed with the DNi Process. But, as always, there is no second guessing the market!
As you can imagine there is a lot of activity at present as the JV prepares to move to the next stage - and a number of development and funding options to consider. We have been working at this for some time and I can assure you that the airlines will continue to enjoy some patronage over the next few weeks as we get to the decisions. I can see from some of the recent posts that there has been a lot of speculation on the possible funding options that are open to us. And yes, we are, and have been for some time, looking at all of these, ranging from direct funding by the JV partners, to taking it off balance sheet via a new vehicle, or with direct project level, or offtake participation. In normal times, all options might have been open to us. We shall have to see if they still are in the present market. The good news is that the seriously good Mambare maiden resource, and the potential of a very large mine, means that we might be able now to keep most options on the table, despite the skittish capital markets.
Indonesia
I have never been shy about our keen interest, here at DNi, in Indonesia as a destination for the DNi Process. In the last year or so, we have forged close relationships there with the industry and with key players. We have also completed the incorporation and operating approvals for a DNi subsidiary, PT Direct Nickel, in which we hold an 80% interest. Our local partners are truly excellent and well connected. They are also technically qualified and very focused on the development of our business there.
One of the key activities for the demonstration program in Perth is the sourcing and supply of representative sample (150 tonnes of it) and I am pleased to say that this has been secured from one of the major Indonesian nickel companies and will be shipped to Perth shortly.
Indonesia has the largest nickel laterite resources and reserves of any nation. And also some of the highest grades (usually running 1.5–2.5%). Close to port facilities and with good infrastructure and mining culture, including abundant energy resources, Indonesian laterite resources have been the principal supplier to China for direct shipped ore. But the changes signaled in 2009, with the local processing decree due to take effect in 2014, have been significantly accelerated this year with a number of Government announcements requiring DSO operators’ plans for meeting the local processing requirement to be lodged, initially in September, but now by the end of this month. And a special tax has been imposed as well to facilitate revenue , especially from what is believed to be a large number of undeclared shipments in the past that will henceforth be illegal.
All of this means that there is a rush by smaller operators and mine owners to find existing local processing capacity (and there really is none spare in the existing ferronickel plants) or to find a local processing solution so that they can meet the deadlines and demonstrate compliance. The DNi phone has been rung off its hook, unsurprisingly, and our local partners and industry contacts are alive with opportunity for future DNi plants. Concessions, long term supply agreements, ore upgrades for ferronickel smelters and toll treating plants are all on the menu.
Now, none of this is to say that we are any less committed to PNG. It is worth reminding you that Julian Malnic and I have been closely connected, via Nautilus, with PNG for almost 20 years and our faith in finding one of the world’s largest nickel laterite deposits there is looking to be well founded. And RGM, as an increasingly influential shareholder in DNi, is a beneficiary of our wider plans for the roll-out of the DNi Process.
Australia
Not far behind Indonesia and ahead of The Philippines and New Caledonia, Australia is second in the nickel laterite resource stakes. With some exceptions though, Australian laterites are dry, not tropical, and tend to be lower in grade and high in salinity. The DNi Process studies have indicated that the Process will handle lower grades. Salinity is another issue, mainly because of the low cost stainless steel materials of construction we propose to use - and these are not generally suitable for high saline laterites. Apart from specifying higher cost and more exotic materials to overcome this, we are working closely with CSIRO and industry partners on the salinity issue.
Recent announcements have been made by two Australian companies that we are dealing with: Poseidon (Investors with a long memory will remember that name! Poseidon is now chaired by Andrew “Twiggy” Forrest) and Heron. Look them up if you want to see something of what we are up to.
Perth Demonstration Plant
I would love to show you some of the latest photos and videos of the Plant which was described to me a week or so ago by one of our senior Indonesian technical contacts as the best demonstration facility he had seen anywhere in the world. But Graham Brock, our CTO and Project Manger, will have me on a stake due to all of the IP invested in the project, if I do.
With the CSIRO funding and additional strategic investment approved and soon to be announced, we hope to be on schedule for commissioning Stage 1 and completing the design and construction of Stage 2 in time for the Indonesian sample that I mentioned earlier. Funding the entire program is under discussion at a number of levels, but yet to be confirmed.
For Direct Nickel – and for our investors and our nickel resources – nothing is more important than demonstrating the Process in this final step.
DNi RTO and Listing
Yes, we are still working towards completion of this despite the volatility in the capital markets which have delayed our plans to list at the same time as we complete a much needed public offering. What we now see is that the conversion of DNi into a public entity will precede the listing. Once we are more comfortable with the market and can confidently complete the public offering to both fund DNi and underwrite the share price, we shall apply to the ASX for re-listing. Timing? I would dearly like to be clear about this and as soon as we can be, we shall.
driver
- 07 May 2012 19:03
- 363 of 441
REGENCY MINES PLC
Australian Exploration Update 4 May 2012
Regency Mines plc ("Regency" of the "Company"), the mining exploration and mineral investment company with interests in nickel and other minerals in Western Australia, Queensland, Papua New Guinea and Pakistan announces an update on its Australian exploration activities.
Regency focuses on base metals and raw material opportunities in Australia and Asia. The Company has been concentrating on nickel, with interests in an established deposit of lateritic nickel in Papua New Guinea. Other investments the Company holds indirectly are Australian iron ore interests, Asian coal interests and through a strategic partnership the Company is involved in nickel treatment technology.
The Company operates an exploration division currently focusing in Australia, searching for mineral commodities with future supply shortages. In recent weeks, supply shortages of high quality flake graphite have been identified by a number of Canadian media outlets as the next boom commodity. The supply shortage of flake graphite is increasing, primarily due to the use in Lithium Ion batteries.
The world graphite supply is currently due to the small number of high grade carbon flake graphite deposits which can be bought into production relatively quickly to fill the supply shortages expected to be acute in the coming years. As the price continues to rise due to commodity supply shortages, the Directors expect that global exploration will be increased to search for additional high grade resources.
The Company is pleased to provide the following technical information on its Munglinup flake graphite exploration activities.
In this release are also included initial drill assay results from Regency's March 2012 drilling program at the Pyramid Lake project, which intersected significant grades of Ilmenite containing up to 3.79% titanium.
http://www.moneyam.com/action/news/showArticle?id=4363419
js8106455
- 08 May 2012 10:10
- 364 of 441
Hey I found this interesting audio interview on Regency Mines,
Check it out its worth a listen:
http://www.brrmedia.co.uk/event/97894/andrew-bell-chairman
steve2835
- 08 May 2012 20:29
- 366 of 441
Thanks for the link - interesting to hear about it rather than read
hlyeo98
- 25 May 2012 16:18
- 370 of 441
Current share price of RGM 3.7p??? in the Edison Investment Research... are they doing a right research when they can't get a basic fact right!!!