Email received today. Full report available on Haoma Website.
Last sale on primary market of Haoma Shares was 60,000 shares @ 24 cents in April. Not much.
Special Haoma Shareholder Report – August 16, 2023 To all Shareholders, Haoma’s Directors are pleased to advise shareholders of significant initiatives and opportunities that they believe could increase the value of Haoma Mining and be the beginning of a period of growth. This Special Shareholder Report details Haoma’s activities in the Pilbara in WA and at Ravenswood in Queensland. The following highlights are included: 1. Test work at Bamboo Creek has been extended to use the existing Bamboo Creek Plant to recover different combinations of concentrate fractions from Bamboo Creek Tailings. Recent tests resulted in 1.4g/t gold being recovered from Bamboo Creek Tailings into cyanide solution. Processing of the 1 million tonnes of Bamboo Creek Tailings to recover the measured gold into cyanide solution will begin in the 4th Quarter of 2023. See Section 2.2 below. 2. At Mt Webber and Soansville Haoma holds many tenements that are prospective for iron ore. Haoma is in discussions with various parties about the viability of mining iron ore (goethite and magnetite) and processing these ores using Arc furnaces with hydrogen to produce ‘green iron’. See Section 3 below. 3. Haoma has signed a Binding Framework Agreement with Calidus Resources under which Haoma and Calidus may form a gold Joint Venture covering many Haoma tenements in the East Pilbara (1,135sqkm) – Calidus 60%: Haoma 40% The Haoma tenements host numerous known high-grade deposits including at Bamboo Creek, Comet, Blue Bar, Mickeys Find and Normay and stockpiles. See Section 1 below. 4. On August 14, 2023, Calidus advised Haoma, after an extensive review of historical exploration at Blue Bar, they had identified multiple significant intercepts demonstrating potential for a shallow, high-grade deposit amenable to open pit mining. Significant intercepts include: • 38m at 6.36 g/t Au from 1m incl. 12m at 17.9 g/t Au from 24m (BBR54RC), • 15m at 10.91g/t Au from 27m incl. 3m at 8.75 g/t Au from 28m and 6m at 20.8 g/t Au from 35m (BBR2RC), and • 25m at 5.77 g/t Au from 22m incl. 2m at 15.6 g/t Au from 30m and 4m at 19.6 g/t Au from 34m (BB21RC). The Calidus review resulted in a Maiden Inferred JORC 2012 resource at Blue Bar of 230,000t @ 2.5g/t Au for 19,000oz. Calidus and Haoma believe the Blue Bar deposit has exploration upside with a recently discovered parallel system which is open down-plunge. See Section 4 below
HAO Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held