robjm66
23 Feb 2015
Re: RNS .proactiveinvestors.co.uk/columns/northland-capital-partners-view-on-the-city/17868/northland-capital-partners-view-on-the-city-chariot-oil-and-gas-stratex-international-alexander-mining-and-compass-resources-limited-17868.htmlAlexander Mining (LON:AXM) – BUY*: Agreement with Compass ResourcesMarket Cap: £1.4m; Current Price: 0.55p; Target Price: 2.6p• Potential for H116 AmmLeach® production at Browns Mine• Alexander Mining has signed a Heads of Terms agreement with Compass Resources, a listed public company (ASX:CMR), for an AmmLeach® licence and technical management services for the Browns Oxide Copper-Cobalt-Nickel mine, located in Australia. Compass is currently a party to three commercial joint ventures in the area north of Batchelor, approximately 100km from Darwin, with HNC (Australia) Resources Pty Limited.• Alexander Mining will receive an initial AUD$825,000 for an AmmLeach® licence and a 2.6% revenue royalty. There will be initial consultancy services of AUD$1.1m during the feasibility study, plus AUD$550,000 during the construction and commissioning. Compass will be granted 5m options at 7.5p per share for 18 months from the date of a definitive Agreement execution and an additional 5m options at 10.0p per share for 24 months.• Alexander Mining expects to form a strategic alliance with Compass in Australia to look at acquiring other copper resources.• The Agreement is conditional on the completion of Compass Resources’s proposed refinancing and relisting of the Company.• No change to AXM forecasts, rating and price target.NORTHLAND CAPITAL PARTNERS VIEW: This is potentially a very positive development for Alexander Mining assuming that Compass Resources completes its financing. Alexander Mining states that significant efforts are underway by a group of existing and potential investors to complete a financing facility as a first step in a major refinancing and relisting. 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, making it a good candidate for Alexander Mining’s technology. Alexander Mining should be able to retrofit the plant with its technology to extract copper and cobalt at a relatively low cost. The next stage, should the deal complete, will be a pilot plant test of the ore from the Browns Mine at the independent commercial facilities of Simulus Engineers, Perth, Western Australia. Assuming a successful outcome, the partners will complete a feasibility study.-----• Alexander Mining expects to form a strategic alliance with Compass in Australia to look at acquiring other copper resources?Compass already owns 61% of a AUD$212m mothballed treatment plant?Compass is currently a party to three commercial joint ventures.More and more it does look like we are dealing with Hunan Nonferrous Metals Group maybe things would not have even advanced to this stage without their imput.
robjm66
23 Feb 2015
Re: RNS Sorry for the late post wanted to do a bit of digging for info first. Congrat’s to those that picked up on the “rumours” and it is good news though we have been here before. Think a massive amount depends on compasses relations with its old partner Hunan Nonferrous Metals Group who lost a lot of money on the Brown’s project before it was realized that it could not be exploited with the then available tech. If compass can convince them the resource can now be exploited and they get their backing again....However tons of info to get through and not even sure what the current relationship between the two is. [link] intends to carry out a feasibility study examining the use of AmmLeach at the Browns project in Australia’s northern territory.Browns is a mothballed copper, cobalt and nickel operation which operated for four months in 2008 before being closed due to processing problems.[link] Browns deposit has a quoted JORC resource of 84 million tonnes of ore grading 0.78% copper, 0.11% cobalt and 0.12% nickel.[link] SULPHIDE PROJECT SCOPING STUDYThe Browns Sulphide Project comprises a large polymetallic ore body that has been known to the mining industry over many decades. The ore body is covered by existing Mining Leases and Exploration Retention Leases granted to Compass Resources Limited (ASX code:CMR) by the Northern Territory Government. The Project has good road access via an hour’s drive to a bulk loading port in Darwin and nearly all key infrastructure is already in place. Previously, 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).In 2007 and 2008, 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. [link] will remember that the Company went into voluntary administration in January 2009 following initial copper production from the Browns Copper Oxide Project in the Northern Territory, in which your Company has a 50% joint venture interest alongside the Hunan Nonferrous Metals Group of China. 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. 60 million tones Browns Sulphide polymetallic deposit via open pit mining. However, the complex metallurgical issues associated with separating the lead and copper sulphides, varying over the whole resource, have never fully been resolved. [link] loan from HNC is secured by a bond over the Company’s Browns Pro
Cumisk
23 Feb 2015
RNS Great news, looks like my friends where right.... will do some research in the Brown's Project and Compass over the next week. I particularly like thev last two paras relating to option prices and thwy will be on the conservative side 10p......February 2015 Alexander Mining plc ("Alexander" or the "Company"
Agreement signed for an AmmLeach® Licence for Browns Project, Northern Territory, Australia· Heads of Agreement signed with Compass Resources Limited ("Compass" for an AmmLeach® licence and certain technical and management services.· Feasibility study planned for use of AmmLeach® at Compass' treatment plant in Australia for copper, cobalt and nickel production.· Alexander expects to form a strategic alliance in Australia with Compass to investigate further outstanding copper opportunities.The Company is delighted to announce that it has signed a non-binding Heads of Agreement ("HoA" with Compass, a listed Australian public company (ASX:CMR), for executing a definitive agreement ("Agreement" covering an AmmLeach® licence and certain technical management services for Compass in the Northern Territory, Australia. These arrangements should significantly accelerate the first commercial adoption of Alexander's proprietary AmmLeach® technology. Background on Compass(website: www.compass-resources-limited.com ) Compass currently is a party to three commercial joint ventures in the area north of Batchelor, approximately 100km from Darwin, the capital of the Northern Territory, Australia. The joint ventures are all with HNC (Australia) Resources Pty Limited ("HAR". HNC (Australia) Exploration and Mining Pty Limited (wholly owned by HAR) is the Joint Venture Operator for all three joint ventures ("JVs". The JVs are the Oxide JV, the Sulphide JV and the Regional Exploration JV. The Browns project includes a fully constructed 1.3 million tonnes per annum design capacity oxide ore treatment plant ("Plant" and associated infrastructure. The Plant was originally designed to produce 10,000t copper, 1,000t of contained cobalt and 700t contained nickel per annum. The Plant operated for four months, starting in September 2008, before shutting down due to mineral processing problems. Since then the mine site and Plant have been subject to a care and maintenance regime.Martin Rosser, Chief Executive Officer, said: "We greatly look forward to working closely together with Compass under this transformative agreement. Based on the completion of a positive AmmLeach® feasibility study and production go-ahead, the Project would complement our AmmLeach® technology with existing high quality mining assets. The plan is to generate significant economic value from the Project area. Australia is one of the world's leading mining countries and together with Alexander's metallurgical team based in Perth, Western Australia, it provides an exemplary project to work on together with Compass Resources.In addition, Compass and Alexander believe that market conditions are the most favourable for several years for growth by attractively priced corporate acquisitions. Accordingly, both companies expect to form a strategic alliance in Australia to investigate the acquisition by Compass of copper resources which can be exploited using the Leaching Technologies. This will be on terms to be agreed in respect of each such project."The first step is the completion of an AmmLeach® feasibility study, with a pilot plant programme, funded by Compass. This pilot plant programme would be carried out at the independent commercial facilities of Simulus Engineers, Perth, Western Australia, under the supervision of Alexander's technical personnel. This would lead to the completion of a feasibility study into commercial production and is dependent upon statutory approval and obtaining all necessary permits required to recommence production. Compass is curren
Cumisk
17 Feb 2015
Re: Cumisk. I do think something is happening especially since Ebullio have increased their holding.Not sure if these AUS rumours are true although they were previously involved with Altona Mining and the testwork for Ebullio was carried out at Simulus labs in Perth, Western Australia and being involved in trying to re-open a mine sounds like axm
Cumisk
17 Feb 2015
Re: Cumisk. Character6, given the fund raising, the 5m shares allocated to a consultant/advisor, Ebullio increasing their already considerable holding I do believe something is going on. I also know that there are very strong rumours in Aus re axm and a project in the Northern Territory, I am not trying to convince anyone of this or expecting anyone to take any notice I am merely stating my opinion and what I know to be fact and sharing it with this BB as I thought that’s what we do on this board. After so many disappointments and lack of news I fully understand why PI’s would give up on this company but I believe axm’s fortunes are about to change.The money raised from the placing was raised not just to keep the lights on. The parties involved in the placing, like ourselves will know of axm’s track record, which means they must have been convinced of axm’s prospects otherwise they wouldn’t have taken part, they will know what is going on and I believe we will also know soon.It could be Turkey or Aus or both, good luck to all Talk in Aus is that axm are involved in a non-operational mineFrom what I can find there are 2 closed mines in the Northern TerritoryTom’s Gully project which is gold so probably not that oneHowever, the other is Browns Oxide Copper Project which primarily produces copper and is also active in cobalt, nickel and silverIdeal for axm.Going to keep looking/asking for more info but beginning to feel much more confident about axm
BurglarBill
17 Feb 2015
Re: Cumisk. And yet yesterday Ebullio's holding went from 20m to 29.9m, so maybe...
character 6
17 Feb 2015
Cumisk. Do not delude yourself or others. There is nothing on offer here that anyone wishes to buy. The flush is busted.
Cumisk
16 Feb 2015
Re: The End Game. Good spot Rob,Think we can forget about Iskandia. Very interesting that Ebullio have increased their holding from 20,040,000 to 29,970,000A £5K buy this morning, someone's got confidence....Must be something about to happen for them to significantly increase their holding, are they involved in Australia, has progress been made in TurkeyInteresting times for AXM…. Good news just around the corner???
robjm66
16 Feb 2015
Re: The End Game. [link] that Ebullio has increased their holding when iskandi might end up investing elsewhere.
Cumisk
13 Feb 2015
Re: The End Game. Lots of mines/resources in Northern Territory but the most likely would be one of the followingThe only zinc mine currently in operation is the McArthurRiver Mine.If it was copper, could be one of theseRedbank Copper projectBrowns Oxide ProjectPhoenix Copper Ltd
Cumisk
13 Feb 2015
Re: The End Game. A bit more on the project in Aus, friends tell me definitely something going on, lots of activity in the Northern TerritoryInvolving AXM. Trying to find out name of Australian company/mine
robjm66
03 Feb 2015
Re: The End Game. [link]
Cumisk
01 Feb 2015
Re: The End Game. Thanks Rob
robjm66
01 Feb 2015
Re: The End Game. Ok reposted it though i do not hold out much hope of any info popping up.
Cumisk
01 Feb 2015
Re: The End Game. Sad to hear that Rosser has been ignoring your emails, it's annoying when a company starts ignoring its PI's. If you could re post over on advfn, that would be appreciated? I will have another look at your previous post re iskandia.'Cove House Investment Ltd', who are they and what are they about? 5 million shares for consultancy, if you didn't believe in the tech or be working towards a goal then you wouldn't take the shares. I am busy lately but will try and get a bit more background on Cove. Whatever is afoot can't be too far off as how long would £360k keep AXM going for.Thanks Rob.
