AAU

0.00%

0.4¢ antilles gold limited

Ann: Results of Meeting, page-129

First 129 Last

Share
Profile

Follow
LD99

7,125 Posts.

1370

29/05/24

11:52

Post #: 74061196
Share
Originally posted by signalFollower: ↑

yep my interpretation / understanding was El Pilar was in but as you say it's all about the final $2m payment to get things progressing

additional adjustments to the agreement:
removing the 50% ownership limit on any future JV major partner (logical for something to potential scale of El Pilar)
removing limit of the 100m depth restriction for NS

my further understanding was that a seperate / new JV agreement would be drawn up to take on board the 50% restriction being removed and that it would be copper focussed which then will include Gaspar and the South East too, it'd be that JV that would allow a major international JV partner to own a majority share with the Cuban govt and AAU being minorities, but of course that gives that major some confidence in spending the dollars to build a signifiacnt copper operation.

the thing that I think people need to also consider, is that whilst JV agreements could be put in place sonner than later without as many restrictions, there still needs to be further infill drilling below NS to establish an MRE for the porphyry system itself, and that'd be the point when a major would commit as a long term Copper partner. That infill drilling may come via a farm-in which either goes ahead or walks away, it all depends proving there is a resource to a JORC standard wrt Copper.

All of that above, is seperate to the Offtake Agreements and forward advances of concentrate sales for NS, which can / is being viewed as a stand alone NPV decision with parties taking their view of future Gold and Copper prices as they do, the offtake advances to fund towards the Capex to build NS. It is also expected and has been mentioned in announcements that the MRE for NS itself could see upward revisions and extend latterally with minimal drilling.

So yeah $2m to close out the AAU contribution and an Offtake Partner for NS, then the wheels start turning.

Expand

The only wheels that are turning are BJ's Jaguar.
AAU Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
1 Upvote

1 Great analysis

Reply

Top Stories

IMD

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

WNX

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

Bitcoin: Current State of Play & Where to Next | Swyftx

VTM

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

M2R

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

EQR

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

SVL

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Emerald & Azure score Digger & Dealer awards

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

ARD

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

There are more pages in this discussion • 102 more messages in this thread...

First 129 Last

Add AAU (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $5.114M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
46	43746007	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	27713460	22

View Market Depth

No.	Vol.	Price($)
38	40952470	0.003
33	49791035	0.002
11	25699950	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	27713460	22
0.005	2210404	6
0.006	1105216	3
0.007	2906213	3
0.008	4500000	3

Last trade - 16.12pm 16/08/2024 (20 minute delay)

AAU (ASX) Chart

Day chart unavailable

Ann: Results of Meeting, page-129

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

Bitcoin: Current State of Play & Where to Next | Swyftx

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Emerald & Azure score Digger & Dealer awards

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Results of Meeting, page-129

Top Stories

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

Bitcoin: Current State of Play & Where to Next | Swyftx

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Emerald & Azure score Digger & Dealer awards

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News