Spot on @Eagle eye $$$. I believe in continuous research on all my investments and am not the type to put my investment in the " bottom drawer" kind of approach.
Three things that attracted me here
1. Brownfield copper + Vanadium assets in Namibia proven region with near-term development potential. These are very high grades. 2. Great management 3. Cash in hand (50% of MC in cash and low EV) and no debt 4. Potential Copper porphyry deposit in NSW
From what I gather (please correct if wrong), the below is the current work program and would like the management to come up with a timeline.
1. Maiden resource estimation and open pit mine optimisation studies; initial, Stage 1, gravity concentrate and hydromet metallurgical testworkand a bulk trial mining sample (>3 tonnes) excavated from the surface at Nosib for large scale, Stage 2, metallurgical testing to follow the Stage 1 testwork outcomes.
Abenab high-grade Vanadium-Lead-Zinc Project
1. Results of the gravity concentration test work on the bulk sample representative of the high-grade resource at Abenab. 2. Phase 2 hydrometallurgical leach testing 3. Develop an integrated mining and processing plan for Abenab and Nosib at Scoping Study level 4. Drilling to test the down-plunge extensions of the Khusib Springs high-grade copper-silver deposit (previous production 300,000t @ 10% Cu, 584 g/t Ag3).
NSW- Lachlan Fold Belt - porphyry deposit with initial rock chip samples grading up to 0.68% copper
The Company is targeting a major porphyry copper-gold system at Havilah and is currently carrying out infill soil sampling prior to induced polarisation (IP) geophysics and drill testing.
GED Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
(20min delay)