robjm66
02 Mar 2015
Re: website back up Although relatively small in scale, the Browns Oxide Project represents a stepping stone for the Company. The Browns Oxide Project will permit the Company to utilize, develop and feature new technology to access valuable base metals like nickel and cobalt that have been historically difficult to liberate in complex polymetallic ore bodies. It will allow the Company to build up a successful operating organisation and to establish a reputation as a reliable metals supplier.--[link]
robjm66
02 Mar 2015
website back up [link]
robjm66
27 Feb 2015
Re: Trades Wonder if Iskandia are regretting their new direction?[link]
robjm66
26 Feb 2015
Re: Trades Considering YA Global own most of Compass and are in the financing business often in the mining sector the odds on Compass getting the finance have to be good.[link] the bigger trades do look like buys and delayed buys to me as well.
Cumisk
26 Feb 2015
Trades Some big buys today and not much movement on the price. I have noticed a number of delayed publication trades 9M shares in the past 2 days. Any thoughts from any of you guys?could this be an indication that Compass have acquired refinancing!!! A confident 2M buy at 1608
Cumisk
24 Feb 2015
Re: Mine? More good coverages! [link]
robjm66
24 Feb 2015
Re: Mine? Thanks Andy good luck to long suffering AMC and CEY shareholders as well. Guess we are now waiting on the decisions of “sophisticated institutional investors” and Hunan Nonferrous. Though probably Hunan has already given the thumbs up or things would have not got this far as they are JV partners and have a chunk of the plant.
Andy Reilly
24 Feb 2015
Re: Mine? r66 - I hope that this latest, slighly oblique, turn for AXM does bear some fruit for exceedingly long suffering holders eventually. It does seem that nothing is straight forward with AXM though, and I watch with some fascination, but I have to say I am glad I am not a holder as you have really been put through the wringger by Rosser and Co. Best of Luck
robjm66
24 Feb 2015
Re: Mine? Do not worry still things that can go wrong Character as we all know from experience and is why the price did not spike even higher. Seems effectively Ya Global own Compass. [link] august 2011[link] issue of new shares to YA Global and Coffee House will significantly dilute the position of existing Shareholders, to a post-recapitalisation equity holding of approximately 10.1% of the Company, with YA Global and Coffee House holding the remaining 89.9[link] of a new charge in favour of Hunan Nonferrous Metals Corp Ltd in respect to the approximately $15.6M owed by CMR[link] study[link] anticipated exploitation of the ore body involved an open pit mine accessing the entire mineralogically variable ore body,with subsequent complex processing technology required on-site to separately produce saleable products of six payable metals: lead (Pb), zinc (Zn), copper (Cu), nickel (Ni), cobalt (Co) and silver (Ag).[link] Resources Limited (“Compass” or “Company”
is pleased to provide a corporate update on the status of the Company and announce the implementation of a comprehensive restructure and recapitalisation of the Company with the intention to relist on ASX later this year...The Company expects to be in a position to update shareholders on the financing facility and terms of the proposed recapitalisation in the near future...As a complementary part of this strategy, the Company has signed a non-binding Heads of Agreement with Alexander Mining plc (“Alexander”, an AIM listed mining and mineral processing technology company, for Alexander to provide technical consulting services and a licence for the use of its proprietary leaching technology (AmmLeach® at the Company’s Browns Project.....
character 6
24 Feb 2015
Re: Mine? Looks like a large slice of humble pie for me. We will see. Order me a large slice of humble pie please.We shall see. I have lost all confidence with the present crew.
robjm66
24 Feb 2015
Re: RNS [link]
robjm66
24 Feb 2015
Re: Mine? It does sound a bit farfetched such a huge investment in a mine just sitting there but that is what happened Character.[link] Browns deposit consists of a sizeable, +80 million tonne deposit of nickel-copper-cobalt, with some poorly defined zones of uranium, and extensive zones of lead-zinc mineralization having been discovered in recent years.The following metals are particular targets for the AmmLeach® process:• copper and copper/cobalt in carbonate and weathered oxide deposits;• zinc (and cadmium) in mixed oxide deposits;• nickel and cobalt in lateritic deposits;Polymetallic ores can also be processed by AmmLeach®, with separation achieved using solvent extraction to separate metals and produce multiple revenue streams. The minimisation of ammonia transfer allows these metals to be recovered directly from their strip solution by precipitation, crystallisation or electrowinning.The alkaline conditions used in the AmmLeach® process allow precious metals to be recovered from the base metal depleted heap using a secondary leach stepPreviously, anticipated exploitation of the ore body involved an open pit mine accessing the entire mineralogically variable ore body,with subsequent complex processing technology required on-site to separately produce saleable products of six payable metals: lead (Pb), zinc (Zn), copper (Cu), nickel (Ni), cobalt (Co) and silver (Ag).following the formation of the 50/50 Browns Sulphide Joint Venture (SJV) between HNC (Australia) Resources Pty Ltd (HNC) and CMR,a leading Australian-based engineering firm(Ausenco)was commissioned to undertakea pre-feasibility study of the open pit on-site processing model.The draft PFS projected unacceptably highcapital costs, associated with complex technical processing issues.Unfortunately Compass became a victim of the global financial crisis at a time when the newly-commissioned processing plant was still unable to process nickel and cobalt from the oxide ore and the copper price declined briefly but sharply.However, the complex metallurgical issues associated with separating the lead and copper sulphides, varying over the whole resource, have neverfully been resolved.Compass already owns 61% of a AUD$212m mothballed treatment plant at the Browns Oxide Copper-Cobalt-Nickel mine that was closed in 2008 following mineral processing problems,-----They needed a high price for one or two of the metals or the tech to exploit multiple revenue streams. The tech did not work and the copper price declined so they were stuffed. The copper price is not that great now so probably they will have to be able to exploit multiple revenue streams to make the project work so will need AXM tech. Having spent so much money and all that specialized equipment just sitting there makes sense for them to give Axm a chance to show what they can do what have they got to lose?
character 6
23 Feb 2015
Mine? Who would go the expense and effort of constructing a working mine. Run it for just four months. then place it on care and maint. for seven years!!!Oh, and they need to relist.Two and two always meant four. Not here. More smoke and mirrors from above.I don"t believe a word of it. I"m sorry to say
robjm66
23 Feb 2015
Re: RNS That’s ok thank you for your sharing of info as well Cumisk. Think it would be hard for AXM and Compass resources to do a deal over the present prospects let alone further ones without Hunan’s involvement. Though the ordinary shareholders have to play catch up finding things out as normal.
Cumisk
23 Feb 2015
Re: RNS Thanks for the links in previous posts Rob, the last para must add great weight with possible involvement with HMN, exploitation of Browns Project would be massive for AXM....
