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Although the two RNS updates of June 5th & 12th relating to the Cosgrove and Thomas TiO2 Exploration Targets have added significantly to the potential Resource Estimates at Pitfield, this should not have come as any great surprise to those who have understood the relevance of prior data regarding the geological structure, stratigraphy and mineralogy of the Yandanooka Basin rock sequence. The potential for targets measured in billions of tonnes of ore was outlined with supporting calculations as far back as 14.09.2023 [ref para 2-3]. More recently [19.05.2024] I estimated the minimum Exploration Target ore tonnage as 3.9 billion tonnes based on a 5.55% TiO2 cut-off, 130m depth and 12.9 sq km area. The Snowden Optera/EEE JORC Exploration Target of 26.4 to 32.2 billion tonnes is based on a 2.00% cut-off, 150m depth and 59 sq km area, far more generous criteria hence the much greater total.
This JORC compliant Exploration Target tonnage equates to approximately 1.5 billion tonnes of TiO2, which based on the 2030 predicted global demand of 10M tonnes per annum is 150 yrs global supply. Clearly these metrics demand that EEE focus upon that portion of the potential resource which can be mined and processed to produce the most profitable feedstock, ie the rutile/anatase component of the enriched weathered near-surface zone, estimated at 4.00 to 4.9 billion tonnes of ore, which equates to approximately 200M to 245M tonnes of TiO2, or 20x the 2030 global demand. The assay results to date continue to indicate a Cosgrove opencast mine of c7.1sq km and/or a Thomas opencast mine of c5.8sq km as defined in my May 19th post, both limited to the c1km E-W western outcrop of the sandstone sequence. The hydrology of the region indicates that the Cosgrove target may include part of the catchment of the Arrowsmith river, a contributor to the Parmelia aquifer to the east, fed by a locally elevated water-table within the Cosgrove topography. However, this is unlikely to constrain the extent of opencast operations in that region.
With the scale of the potential resource established and on track to a JORC Mineral Resource Estimate during H1 2025, market focus is understandably now concentrated on processing, which inevitably provides considerable scope for misinformation both inadvertent and intended. Whilst it is tempting to contribute to this 'discussion', I shall refrain from doing so as the complex geochemical knowledge required is at the limits of my expertise and probably beyond that of most, if not all, of those accessing this chat-board. The anticipated imminent updates on ore characterisation, mineral separation and TiO2 processing, will however, doubtless provide opportunities for further comment. In the meantime this recent CRUX interview highlights the enormous potential.
AGEOS.
Thanks AGEOS.
Greatly presented as always Ageos.
The only risks to sp performance shall always remain down to shareholder confidence and market sentiment.
Avenues between progressive steps will undoubtedly be met with sceptism and question among boards, but also adequately challenged my investors with limited knowledge of the company's operations, with a some what rough idea of the metrics of The pit field project.
I do hope here on out, we commence these challenges as a group of like minded investors, without insult, and replaced with offerings of a debatable and plausible rebuttle to information you deem out of line with facts provided.
Always nice to hear from you, I trust you can be a valuable asset to this board I'm the coming months.
I will become a less frequent arrival once my position is established going forward.
GLA
But I'm afraid my choice of engagement, via Samsung Mobile, will produce shocking performances in terms of spelling and adequate presntsion of grammar.
For that I can only apologise to all.
GL
Dusty, if your sat nav guided you to a canal, would you drive down it?
Technology is to assist, not to dominate.
You can correct autopredict you know.
Therefore, you can change there to their and your to you are?
Don't worry be dependent on technology that implies that you are very badly educated.
Many thank again, Ageos
Cev,
I think the most important question to ask at these type of moments is a simple one.
On scale of 1 to 10, what will it do to change your life for the positive.
The number will reflect your need to change as such.
I think you know my number, but I appreciate the effort and would be more susceptible to constructive critism, without the necessity to insult someone's background
Thanks for your input Ageos, always great to see your posts, without doubt one of, if not the most important contributor to this BB. Some great wording in that last paragraph too 🙂.
Dusty TM1 is missing you check it out.
They are worried about how you escaped from the site.
Took a while to find him sorry guys if he has unleashed his chats on here, obviously his strait jacket got loose.
So I still haven't figured it out.
Am I going to be rich this time next year or not?
Because if AGEOS doesn't know, know body does.
Hey Arctic,
I'll get back to TM1 this week, slight movement heading into Friday so it could be a positive week but I'll post the link later regarding its reasons.
Unlike my role there, this is more of an outright bashing from whoever feels in the mood on any given day.
The more information based your posts will be, will decide your level of engagement, plenty of content to canvass over in short space of time.
So unfortunately Dustys sense of humour, brand of straight to the point, no time for BS, fancy notions or estimates provided by unqualified input isn't necessarily suited to this investment.
And i see this as a serious investment and heading in the right direction, unlike TM1, were we are at an impasse.
Although I love bashing the Rat pack shouting it's demise, and that we are doomed, I'm glad I managed to persuade one of you doomsayers to invest. Given enough time I could maybe get ajs on board but he is a stone cold, I hold no shares but am here to save everyone preacher.
See you have followed into this investment, there is a few guys here that are from there, but less active.
I'll speak on there, spare the board.
If we knew that we would all be remortgaging our houses,, there is many billions on tons of ti but its mixed with many other items,if seperated easily/cheaply then yes the worlds biggest find is going to make us very rich and for more than several lifetimes at 100 to 150 yrs mine life,how to seperate the titanite has been argued by many for various reasons,either to spread fud or genuinely they believe it could be impossible to seperate,now it looks like the new weathered at surface find has upped the stakes a lot more as this is a lot more valuable than the original 5% titanite ti that had them excited. the experts hired in will do there job and come up with a solution,either its huge or off the scale hugh and cheap to seperate,we can all dream of it being easy/cheap and extremely profitable,time will tell,they have plenty of core samples to test,it sounds like a one of a kind find ,might need a special process or many variables of,as ageos has said we are only hopeing/guessing as there is plenty of examples online of many russian sounding names doing just that and publishing papers on the subjectt at least 13yrs ago,, time will tell,christmas will come early for us,how early and how big the presents,no one person will know for sure,its a gamble im in on,and happy to invest as technology /knowledge always makes progress,the new find once processed could be worth $2000/ton and shaun thinks a onsite plant to that end is the way to go,per his last video,if we have some of the worlds experts hired in for this task,there must be a way forwards, the next rns,s and video updates will unravel the progress,its only been a few weeks after all. gla.
This is the most relevant part of AGEOS' post when considering the investment case. Until the processing route is established to the satisfaction of potential partners and/or financiers, there remains great uncertainty whether this is a huge opportunity or ......something else. If it is beyong AGEOS expertise to assess, it is certainly beyond mine. Those expressing certainty here, take note.
"With the scale of the potential resource established and on track to a JORC Mineral Resource Estimate during H1 2025, market focus is understandably now concentrated on processing, which inevitably provides considerable scope for misinformation both inadvertent and intended. Whilst it is tempting to contribute to this 'discussion', I shall refrain from doing so as the complex geochemical knowledge required is at the limits of my expertise and probably beyond that of most, if not all, of those accessing this chat-board. The anticipated imminent updates on ore characterisation, mineral separation and TiO2 processing, will however, doubtless provide opportunities for further comment. In the meantime this recent CRUX interview highlights the enormous potential. "
AGEOS says " limits of my expertise" not "beyong" Genghis........and I 100% agree.....but I think they can do it....when? now that's the question......but as I said t'other day.....I'd rather we were here with the ASSET than having the proven exploitation method today but.......no ASSET.......just saying.
It's worth a gamble today rather than awaiting progression probably and a much higher SP probably.....Am I ALL in???
Of course not! But it is the top £ invested by me in my 55 share portfolio....and shares are now only 5% odd of my overall investments.
I intend to top up as and when I feel more confident or will downsize if I become less confident...and of course will trade a bit if I feel short term upside potential presents opportunity!
Off on the water now!
GLA