TLM

0.00%

25.0¢ talisman mining limited

Thanks Samsung for the potted history of Wonnmunna. It's been a...

First 32 Last

Share
Profile

Follow
Baby Doc

1,142 Posts.

211

25/06/24

20:20

Post #: 74486151
Share
Originally posted by samsung1: ↑

The Wonmunna project has a long history of changing hands since TLM held it with it finally ending up in the hands of Mineral Resources (MIN). The brief history is detailed as follows:
2010/11: TLM sells project to Rico Resources (RRI) for cash (~$35m), stock (~$6m), and a 1% uncapped gross royalty on all metals. Royalty over E47/1137-I and any mining leases granted over the tenement.
2012: Rico progresses the project upgrading the resource, securing native title and mining leases.
2013 to 2014: RRI (Called Ochre Group at the time, OGH, liquidated in admin) faffed about not doing much on the asset.
2014: Ascot Resources (AZQ) purchased the asset. OCH Paid in cash and stock plus their own 1% GSR on top of the one TLM has.
2015: AZQ looks to delist from the ASX due to poor conditions.
2018: Ascot sold the project to the Australian Aboriginal Mining Corporation (AAMC).
2020: AAMC sells the project to MinRes.
2021: MinRes brings the project into production aiming for an initial run-rate of 5mtpa. They have stated the project could support 10Mtpa run-rate.
The project is relatively large with resource statements under AZQ suggesting the project has ~85Mt of iron ore at ~57% Fe and relatively low impurities. However, the reserve is limited to 29Mt which at current could support the current 5Mtpa for ~6yrs. We understand that MIN is drilling out the deposit to convert resources to reserves and test its potential extent.As such, we think there is a strong likelihood that the scope of the deposit will be expanded and able to support a 10Mtpa scale operation for 5yrs+.A few tells that this isn’t a far off the mark assumption are firstly, in the deal to purchase the asset, MIN also gave AAMC a royalty over the first 40Mt produced. Secondly, MIN’s recent site trip presentation states Wonmunna is a part of a 10yr strategy for their Utah Point Hub.

Expand

Thanks Samsung for the potted history of Wonnmunna. It's been a long journey for this project. Digressing: Totally irrelevant to TLM's current situation, do you have any idea what Minres paid for Wonmunna?

I regret I have nit been able to make contact with AM from TLM, I have been very busy lately. Will get around to it.
TLM Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

RCE

Recce's R327 found effective against E.coli during clinical trial

There are more pages in this discussion • 4 more messages in this thread...

First 32 Last

Add TLM (ASX) to my watchlist

(20min delay)
Last 25.0¢		Change 0.000(0.00%)		Mkt cap ! $47.08M

Open	High	Low	Value	Volume
25.0¢	25.5¢	25.0¢	$10.10K	40.19K

Buyers (Bids)

No.	Vol.	Price($)
3	55874	25.0¢

Sellers (Offers)

Price($)	Vol.	No.
26.5¢	100000	1

View Market Depth

No.	Vol.	Price($)
3	55874	0.250
2	60000	0.245
1	40000	0.235
5	68695	0.230
2	63333	0.225

Price($)	Vol.	No.
0.265	100000	1
0.270	98058	2
0.280	47059	2
0.285	40000	1
0.295	18000	1

Last trade - 15.58pm 28/06/2024 (20 minute delay)

TLM (ASX) Chart

Thanks Samsung for the potted history of Wonnmunna. It's been a...

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Recce's R327 found effective against E.coli during clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thanks Samsung for the potted history of Wonnmunna. It's been a...

Top Stories

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Recce's R327 found effective against E.coli during clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News