Avantgarde International’s Post

Coverage stock Auric Mining Limited (ASX:AWJ) is a gold story that is worth keeping an eye on, as it enjoys a gradual market re-rating based on its appeal as a relatively low-risk, fully-funded growth situation. AWJ is a junior gold explorer and producer, with a portfolio of projects that are situated within the prolific Eastern Goldfields of Western Australia – comprising Jeffreys Find, Widgiemooltha and Spargoville. The company’s relatively low-risk incremental growth strategy is based upon self-sustaining development at each of its planned gold operations. By the end of 2023, Stage One mining had been completed at Jeffreys Find, with 9,741 ounces of gold sold for $29.28 million in gross revenue (from 175,865 tonnes processed), generating a net cash surplus of $9.53 million (of which AWJ’s 50% share was $4.77M). Stage Two mining at Jeffreys Find will commence this week, with the aim of extracting a minimum of 300,000 tonnes of ore (70% more than Stage One). AWJ held $4.5M in cash reserves at the end of 2023. By being prepared to retain a 50% stake in Jeffreys Find project net cashflows, AWJ has avoided the time, complexity and costs of mobilizing equipment and hiring contractors independently, as well as eliminating the requirement for it to fund its proportionate share of working capital for the project. With BML handling the mining operations, AWJ can realise returns from Jeffreys Find far quicker than if it was running the project on a stand-alone basis. This has also enabled AWJ to take full advantage of the strong A$ gold price environment and also enables AWJ to focus on moving its second project, Munda, towards production, in late 2024/early 2025. #gold #equities #commodities #resources #mining #ausbiz

Coverage stock Auric Mining Limited (ASX:AWJ) is a gold story that is worth keeping an eye on, as it enjoys a gradual market re-rating based on its appeal as a relatively low-risk, fully-funded growth situation. AWJ is a junior gold explorer and producer, with a portfolio of projects that are situated within the prolific Eastern Goldfields of Western Australia – comprising Jeffreys Find, Widgiemooltha and Spargoville. The company’s relatively low-risk incremental growth strategy is based upon self-sustaining development at each of its planned gold operations. By the end of 2023, Stage One mining had been completed at Jeffreys Find, with 9,741 ounces of gold sold for $29.28 million in gross revenue (from 175,865 tonnes processed), generating a net cash surplus of $9.53 million (of which AWJ’s 50% share was $4.77M). Stage Two mining at Jeffreys Find will commence this week, with the aim of extracting a minimum of 300,000 tonnes of ore (70% more than Stage One). AWJ held $4.5M in cash reserves at the end of 2023. By being prepared to retain a 50% stake in Jeffreys Find project net cashflows, AWJ has avoided the time, complexity and costs of mobilizing equipment and hiring contractors independently, as well as eliminating the requirement for it to fund its proportionate share of working capital for the project. With BML handling the mining operations, AWJ can realise returns from Jeffreys Find far quicker than if it was running the project on a stand-alone basis. This has also enabled AWJ to take full advantage of the strong A$ gold price environment and also enables AWJ to focus on moving its second project, Munda, towards production, in late 2024/early 2025. #gold #equities #commodities #resources #mining #ausbiz

Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) and Goldsource Mines Inc. (TSX.V: GXS, OTCQX: GXSFF) announced today that they have entered into an arrangement agreement, pursuant to which Mako will acquire all of the issued and outstanding common shares of Goldsource, in exchange for common shares of Mako. Highlights: * Goldsource shareholders will get 52% premium based on 20-day VWAP, and 40% premium based on share price at the time of news coming out. * The deal is a great way for Mako to diversify from its Nicaraguan operations. * The combined company will be one step closer to producing 100,000 ounces per year of gold. Mako’s shares are down a 5% on the news, while Goldsource holders woke up to a nice 19% uptick to start closing the gap in valuation of the transaction. Want to Learn More? #TheNextBigRush

Perfect strategy, upgrade portfolio, improve balance sheet

Carnavale Resources Ltd (ASX:CAV) has moved closer to becoming a #GoldProducer after submitting Mining Lease Application (MLA) M40/362 for the high-grade Swiftsure deposit within the Kookynie Gold Project in Western Australia. Swiftsure’s initial mineral resource estimate sits at 475,000 tonnes at 5.8 g/t #gold for 85,000 ounces, with the bonanza zone containing about 53,000 ounces at 31.2 g/t. CAV has calculated a pre-tax net present value (NPV) of $91 million, with an internal rate of return of 192% at a gold price of A$3,500 per ounce (current prices sit above A$3,800). Overall, the company expects undiscounted cashflow of about $105 million from the deposit. More at #Proactive #ProactiveInvestors #GoldMining #GoldStocks #BonanzaGold http://ow.ly/T4US105CYGT

New mining leases have been granted to Alto Metals Ltd (ASX:AME) over the Bull Oak and Indomitable camps at the Sandstone Gold Project in Western Australia. The granting of these leases by the WA Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) bolsters Alto’s resource base and supports continued exploration and development at the project. The leases, M57/663 and M57/665, consolidate existing resources and historical workings, further de-risking the project and providing flexibility for future mining operations. Indomitable camp contains an indicated and inferred mineral resource of 210,000 ounces at 1.2 g/t gold, while Bull Oak hosts an inferred mineral resource of 65,000 ounces at 1.1 g/t gold. More at #Proactive #ProactiveInvestors #ASX #AME http://ow.ly/a7pr105C2jw

CuFe Ltd (ASX:CUF) might be on the verge of some dividends from its royalty interest in the Crossroads Gold Project, situated in Kalgoorlie and operated by Northern Star Resources Ltd (ASX:NST). The interest, held via CuFe's wholly owned subsidiary Jackson Minerals Pty Ltd, includes a 2% net smelter royalty over mining lease M24/462. Northern Star recently secured approval from the Department of Mines, Industry Regulation and Safety (DEMIRS) for a mining proposal to extract up to 2.67 million tonnes (MT) of ore over a 36-month period, set to start in the second half of 2024. CuFe's royalty interest, acquired through Jackson Minerals in 2009, could become a significant revenue source once Northern Star’s mining operations commence. The majority of ore extraction is expected in years two and three following initial pre-stripping activities. More at #Proactive #ProactiveInvestors #ASX #CUF #Gold #Mining #PreciousMetals http://ow.ly/GZ01105v2ZS

⚒️ Southern Hemisphere Mining has wrapped #PDAC2024 in Toronto as #Copper and #Gold prices move. “PDAC was an excellent event. Throughout the conference we were able to showcase the wholesale revision of Llahuin’s growing Copper-Gold deposits and its potential scale for a long-life open pit and higher grade underground mining (in Chile).” 🗣 Company Chairman Mark Stowell speaking after the completion of the latest Prospectors & Developers Association of Canada (PDAC) conference. "Now both products are firing, and Llahuin (with certified resources of ~700,000t Copper equivalent) has tonnes of growth ahead for open pit long-life copper-gold production.” The Company has also noted various market forces in play on the moving prices of Copper and Gold - including a tweet from Robert M Friedland on the USA's power shortage and Brandon Beylo's tweet on Elliott Investment Management L.P. planning to spend $1bn+ on mining assets. Details below. #mining #exploration #miningconference #coppermining #goldprices

Caledonia Mining (CMCL) Corporation PLC (AIM:CMCL, NYSE-A:CMCL) declared a quarterly dividend of US$0.14 per share as it reported a robust performance of Zimbabwe's Blanket mine in 2023, with cash flows improving in the second half. The dividend was kept the same level as the prior year even though, as revealed in a trading update at the start of this month, production was in line with expectations but one-off costs took the edge off profits. Chief executive Mark Learmouth said: “We continue to see Blanket as the solid foundation for growth as we pursue our strategy to become a multi-asset gold producer.” Following encouraging underground exploration restarted during the year, he said a revised resource statement is planned to be published in the second quarter of 2024 that incorporates an increase in Blanket's life-of-mine. More at #Proactive #ProactiveInvestors #CaledoniaMiningCorporation #mining #blanketmine http://ow.ly/eBFZ105nCTt

Orford Mining Corp. (ORM-V)   Orford Mining announces acquisition by Alamos Gold      On January 15, 2024, Orford announced that it has entered into a definitive arrangement agreement with Alamos Gold Inc. (AGI-T, AGI-NYSE) pursuant to which Alamos shall acquire Orford for a total consideration of ~$24M. Orford is a Québec well diversified focused explorer with assets in the Cape Smith Belt, Nunavik (Qiqavik, West Raglan and lithium exploration projects comprising a land package totaling over 177,000 ha) and 4 gold projects totalling nearly 12,000ha in the Joutel region of the Abitibi District. Alamos, shall acquire all of the issued and outstanding common shares of Orford for deemed consideration of $0.10 per Orford share, representing a total equity transaction value (on a 100% basis) of ~$24 M on a fully diluted, in-the-money basis. Orford’s shareholders shall receive 0.005588 of an Alamos common share for each Orford share held. This is a non-arm’s length transaction as Alamos currently owns 61,660,902 Orford shares (~27.5% of the issued and outstanding Orford shares). The Transaction shall be effected by way of a court-approved plan of arrangement and subject to shareholder approval at a special meeting of shareholders expected to be held in March 2024. The transaction provides value in light of the current junior mining market along with opportunity to continue to benefit from the potential success on the Orford properties. Alamos has the skill set and balance sheet to advance the Orford projects through the next stages of exploration and development. See end of: https://lnkd.in/eUQ-tPuD See also: https://lnkd.in/gJkSCsV4   https://lnkd.in/enkVMTFt).   https://lnkd.in/eQxSZTRP #quebec #abitibi #nunavik #gold #lithium #exploration #alamos