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@Newton Ethiopia has part of arabian-nubian shield but nascent... we have two of three projects in country. Infrastructure drives economics, including $75M of spending by world Bank. Power and water in place to stimulate economic activity in country. Good tailwind $eam!
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@Newton A couple projects with 900K gold-equivalent ounces. One still growing. Similar to Bisha, I believe. Gold oxide at surface, then copper and copper-zinc below. Silver below that. Hello poly-metallic mining! 20,000 ounces production per year planned to start next year. Sub $500 cash costs. First new mine under mining act in #ethiopia. $eam.
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@Newton Seeing a lot of similarities with $aan story in $eam. Apparently there are good reasons to be in a few countries around #ArabianNubianShield! Not just #areaplays but #regionalplays or maybe even #shieldplays?
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@Newton Focus in 2013 was to establish solid resource base, target for short-term production and cash flow. Then grow resource in local area where have good infrastructure. Speaks to the value of #reinvesting proceeds from #mining into #exploration. Sorry, no #dividends yet! $eam
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@Newton Hard to see details in pic here, but looks like good trend definition along mountain there for $eam http://cdn.ceo.ca/1c1ps1j-IMG_20161104_133112.png+ curious what underground picture looks like that would have allowed mineralization to occur there. I.e. Meeting points of different rock types, bending in faults, anything else?
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@Newton In context of regional deposits, there are some similarities. Looking at bisha and hassai (?) as "end mines" on operational point of view. They straddle national borders but share some geology and bisha gives a sense of potential size here. Bisha has 3m+ lbs #copper and 3m+ Oz #gold in small area, $nsu and $rmc. Hassai has 10m+ lbs #copper, more spread out. $eam believes infrastructure in #ethiopia makes economics much better. Particularly for smaller starter mine to get at oxide cap
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@Newton New financing for $eam brings in big #chinese company that is listed on shanghai exchange. Financing announced on day of presentation at conference. #TianyeGufen. Expecting cash flow in 2017 from heap leach of higher grade #gold at surface.
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@Newton Nice! $eam kept 30% stream on an asset that they have sold -- closing pending. Magambazi in #ethiopia, I believe, with 500k ounces #gold. Nice deal there. Unlocking some capial for reinvestment from sale and keeping significant share of profits going forward apparently thatmine is going into development immeiately after deal closes. $eam.
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@Newton Tradeoff between country-risk and geological potential is in good balance in #ethiopia. $eam. Yes, I would agree here. Plus it's not crowded. Curious other people's comments on Ethiopia in #africa?
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@Newton Catalysts for 2017 fairly ambitious. Expand and upgrade resources for projects along long (4km?) strike length, complete pea for one advanced stage project and start permitting process, develop a gold oxide project along strike and bring into production, and do exploration on known targets along strike. Think big $eam!
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@Newton "Excellent experience in #ethiopia." world Bank and current government push for resource sector. Market doesn't get infrastructure and value for industry. $eam
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@Newton New mining law in #ethiopia is twelve pages long. Lacks a lot of precedent government intent is to develop sector and combat poverty. Breaks down at administrative level. Lack of clear laws slows down admin. Hence, reason to start permitting and production of small oxide deposit is to engage government in this process. Help government practice and get ready for bigger projects coming their way, and help build confidence in company and investors that it is prudent to continue to invest in #ethiopia. Good answer to question from audience by $eam ceo at #PreciousMetalsSummit
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@Newton Comments from $eam ceo at #pmsummit remind me of issues I described in article here: @newton/a-seat-at-the-table-to-redesign-mining-in-egypt Particularly comments by #FrankGiustra on #realvisiontv about his experience helping countries modernize mining regulations. Tag $aan and #africa ~aufrica as related topics.
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@Newton "Biggest in #africa" gdp growth numbers in #ethiopia. Need to see government bureaucracy catch-up to economic reality and potential of country. $eam.
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@Newton Little pic of $eam presentation from website here http://cdn.ceo.ca/1c1ptr4-IMG_20161104_135226.png+ may have been better-attended than some other rooms that I saw...
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@Newton Thanks for suggestion with $eam there @vaughn. Another good one that helped me learn relevant info about the horn of Africa. Connects nicely to my prior writing on $aan. Please give me some more names from #pmsummit that you'd like to see covered!
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@MiningBookGuy New @MiningBookGuyTV clip: $ORG Orca Gold Series #2 - https://www.youtube.com/watch?v=1l3Rk9xgX0s+ OK, this one got out of hand! Might be last time i make a clip this long depending on feedback. I change gears 18 minutes in, could have been 2 separate clips. But this last week had so much good stuff to talk about! A TON of shout-outs, trying to list them all here (apologies in advance if I forgot you!): @newton @vaughan @dwjones @miningcatalyst @bmonaghan @excelsior @jayfire @andriyko @nick @goldfinger @manolo @cgm @fundamentalanalysis @hra-coffin Plenty of CEO.CA tips throughout, and make to sure to check @Newton's great article for CEO.CA #newbies if you have never read it: @newton/how-to-use-ceoca Any Questions/Comments? Please do discuss in #mbgtrends! :) $ORG #Sudan #gold #ArabianNubianShield #AreaPlays #ShieldPlays $AAN #Egypt $EAM #Ethiopia $NSU #Eritrea #SaudiArabia #Saudi #Africa #mif #newbies #mbgtrends
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@MiningBookGuy Orca Gold Series #2 - Learn about the Arabian-Nubian Shield & Sudan with CEO.CA! https://youtu.be/1l3Rk9xgX0s+ ~AUfrica $ORG $AAN $EAM $NSU
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@MiningBookGuy Orca Gold Series #2 - Learn about the Arabian-Nubian Shield & Sudan with CEO.CA! https://youtu.be/1l3Rk9xgX0s+ ~AUfrica $ORG $AAN $EAM $NSU
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@MiningBookGuy @FundamentalAnalysis - yes, $KEFI.L $KEFI is the most advanced in #Ethiopia. btw, you will see more posts on $KEFI.L in that room, there was a guy @Paul from the UK who followed it closely, but he hasn't been around in a while. You can check #Ethiopia room for more info as well. $EAM is trying to move forward with a smaller scale project than $KEFI.L (or I should say multiple projects, but I need to look closer). Anyway, those are some additional rooms to look into if you're interested in #Ethiopia. I would like to see more juniors enter this country, as well as the rest of the #ArabianNubianShield. *EDIT - i noticed @Paul posted in the $KEFI room. this is a slight issue at ceo.ca -- sometimes you will miss info because of ticker confusion ('KEFI' being AIM listed is supposed to have a '.L' at the end, but many of the posts are just in the 'KEFI' room). Anyway, you have already seen some, and I just realized that.
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from ~aufrica,
@marketwired Terakimti Metallurgical Testwork Confirms Positive Leach Gold Extraction @marketwired/terakimti-metallurgical-testwork-confirms-positive $EAM
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from #newsroom,
@marketwired East Africa Metals Closes $5.2 Million Non-Brokered Private Placement and Appoints Mr. Yongwen Wang to the Board of Directors @marketwired/east-africa-metals-closes-52-million-non-brokered $EAM
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SEDI_bot East Africa Metals Inc. $EAM just filed 6 reports. View full report: SEDI:EAM
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@marketwired East Africa Metals Intersects 21.19 metres grading 4.32% copper, 1.04 grams per tonne gold, 35.9 grams per tonne silver, and 6.98% zinc at the Mayshehagne VMS prospect, continues both resource and exploration diamond drilling @marketwired/east-africa-metals-intersects-2119-metres-grading $EAM
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@Onlyflaws Quite nice intercept.
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@dirkdiggler $EAM: infill, but nice hits - close to surface.
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@stateside Stateside Report Podcast - April 1, 2017 http://www.statesidereport.com - In this weeks episode of the Stateside Report Podcast we take a look back at the week and quarter in gold, silver, the base metals and the stocks then we talk about the press releases this past week from Canadian junior exploration companies including: East Africa Metals $EAM Pure Gold Mining $PGM Grande Portage Resources $GPG Arizona Silver Exploration $AZS Exeter Resources $XRC Engold Mines $EGM Camino Minerals $COR Iamgold $IMG Harvest Gold $HVG Alexandria Minerals $AZX Bell Copper $BCU Black Iron $BKI West African Resources $WAF Durango Resources $DGO Enforcer Gold $VEIN Crystal Lake Mining $CLM and Golden Arrow Resources $GRG We talk gold, silver, copper, lead, zinc, uranium, nickel and iron ore.
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@marketwired East Africa Metals Intersects 20 metres grading 4.7 grams per tonne gold and 4.7 grams per tonne silver at Da Tambuk, continues intersecting high grade gold intervals during infill drilling in Ethiopia; identifies extension to mineralization at Mato Bula @marketwired/east-africa-metals-intersects-20-metres-grading-47 $EAM #news/mining
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from #newsroom,
SEDI_bot East Africa Metals Inc. $EAM just filed 12 reports. View full report: SEDI:EAM
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from #insiders,
SEDI_bot East Africa Metals Inc. $EAM just filed 4 reports. View full report: SEDI:EAM
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SEDI_bot East Africa Metals Inc. $EAM just filed 9 reports. View full report: SEDI:EAM
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SEDI_bot East Africa Metals Inc. $EAM just filed 12 reports. View full report: SEDI:EAM
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SEDI_bot East Africa Metals Inc. $EAM just filed 3 reports. View full report: SEDI:EAM
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@marketwired East Africa Metals Receives Approval of Mine Permit Application for Terakimti Oxide Gold Project @marketwired/east-africa-metals-receives-approval-of-mine-permit $EAM #news/mining
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@Vaughan Lots of news this Thursday morning. I especially like $EAM and $CNL
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@anomalloy Struggling to Find The Perfect Can Opener? @newswire/chef-remi-helps-customers-who-are-struggling-finding TOO MANY NR’s from after the bell yesterday: $AGN, $AGZ, $ASM, $ATG, $ATU, $BBD-B, $BLXX, $BNE, $BSSP, $CAL, $CDH, $CERV, $CNL, $CSK, $CSSI, $CWCO, $DEE, $EAM, $ERN, $FP, $GQM, $GUD, $GRC, $IMV & $INV, $KDNCY acquires 20% of $MMS, $JAG, $LYD, $MEG, $MEX, $MND, $MPVD, $MSL, $NFI, $ONP, $ORE & $ORL, $PG, $PGM, $PLI, $PNE, PPR, $PPY, $QEC, $RER, $SDY, $SGI, $SGY, $SNGX, $STB, $TCN, $TGD, $TGL, $TXR, $VCM, $VLA, $VLE, $VSR, $WRS-H. Cease trade orders for $AAT, $CUG, $SLX, $SOF
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from #ninjapicks,
SEDI_bot East Africa Metals Inc. $EAM just filed 2 reports. View full report: SEDI:EAM
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SEDI_bot East Africa Metals Inc. $EAM just filed 5 reports. View full report: SEDI:EAM
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SEDI_bot East Africa Metals Inc. $EAM just filed 1 reports. View full report: SEDI:EAM
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from #insiders,
SEDI_bot East Africa Metals Inc. $EAM just filed 6 reports. View full report: SEDI:EAM
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@anomalloy Overnight news from $AGB, $ASL, $ATY, $BFGC, $BSR, $CEB, $EKG, $KL, $LIB, $LSL, $MCI, $MDX, $MGG, $MJS, $MLN, $MOL, $MND, $PE, $PHM, $PJX, $QIS, $SAND, $SNL, $TEUM, $THO, $TLO, $VGO, $Z. Insider buying at $CBK, $EAM, $IDM, $ION, $MARL, $MKA, $NANO, $NHK, $PNE, $PNN, $PUR, $PVG, $RCU, $SPE, $XBC. Halted $IN, $KNT
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from #ninjapicks,
@marketwired East Africa Metals completes Mato Bula infill diamond drill program, most recent intersections include 12.60 metres grading 12.59 grams per tonne gold, 0.66% copper, and 1.5 grams per tonne silver. @marketwired/east-africa-metals-completes-mato-bula-infill-diamond $EAM #news/mining
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