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AAU - Antilles Gold

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some interesting data for the total ounces (not dollar value) held by the Bullion backed ETPs such as GOLD ETPMAG ETPMPT ETPMPD, even alongside falling gold and silver prices per oz, still funds are flowing into this area / on-market offerring for bullion exposure.

Are these the early adopters ?, does this foreshadow a wider move to come should interest rates and inflation topple the global economies and their very significant debt levels ?

should this flag the beginning for an appetite of bullion investment, that ought to be a positive for spot prices, and in turn AAU's Financial Scoping study business case.

data is available here : https://www.etfsecurities.com.au/category/commodities

** not a product endorsement, simply data tracking of the flow of funds **

 
greggles said:
Been keeping an eye on this stock and I must say it is holding up very well in a very bearish market.
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it'd be to do with the low market cap to NPV for the November 2022 DFS and FID decision, I think we're at 15.9% (or 19.7% assumed fully diluted by options on issue)

also this week saw the first of the Investor Presentations, Melbourne next week and then off overseas for a couple of weeks

Final (preseumed to be upgraded) JORC resource by August and a re-calculated Financial Scoping study by September too.

and then there's all the pipeline projects / resources (significant Copper to be quantified) and any updates on the Dominincan Republic settlment / claim

IMO remains extremely undervalued and flying under the radar still
 
Antilles AGM today and IMO this one vote on re-approving the Employee Performance Rights scheme is a catalyst for share price appreciation and all the positive news flow to come

 
quite a detailed 30 minute video interview today with both the Executive Chairman and Exploration Director

- gold / silver on track to DFS by November 2022 and mine construction during 2023
- copper - a couple of significant deposits to fast track and focus on with the gold / silver revenue providing alot of self funding of future projects
- new flow - a very busty 12 months coming up

 
As mentioned in the above interview with the Chairman and the Exploration Director, I just watched this explanation of Porphyry deposits, but really if you see the second link below, it's really about the potential size and longevity of these deposits.

So all in all, it seems Antilles Gold is well and truly going down the path of a massive Copper deposit, so it's more like they'll be Antilles Metals in a sense, and that plays nicely into the Electric Vehicle increased demand fro copper too.


so here's a write up and some impressive pictures about the potential size of these deposit systems - https://www.geologyforinvestors.com/porphyry-largest-source-copper/




the other hint is the prior video interview (but please independently confirm) is that we expect some sort of update announcment on plans and target resource grades for the El Pilar deposit that Antilles are prioritising their further exploration drilling on, commencing from July
 
the size of these Porphyry deposit types is truly impressive potential, and should make for a very interesting newsflow period in the next few weeks and months

- target resources projection - June
- JORC compliant / confirmation drilling commencing - July
- first drill sample results expected - September

 
company announcement today (7th June) to confirm a Reporisitioning and focus upon expiditing two large copper deposit systems

 
this graphic definitely highlights that Cuba's location holds it in good stead for a significant copper deposit, given the neighbours in both North and South America

*2020 World Copper production data

 
it looks like the Antonio deposit with its already in place NI-43-101 deposit will be the third mine for the company

Brian suggests there could be over $650m of copper and zinc at shallow depths, as a low cost third project

 
there are some interesting points put forward here about the future of copper simply being "Electrification" for the billions of people who currently live without any / very reliable electricity in their normal daily lives.

all sounds good for Antilles El Pilar project that we expect to hear some updated / estimates on Resource in the near term

I particularly liked the point that "sometimes the worst jurisdictions in the world ar ethe best for fast tracked permitting" on the basis of those locations need and rely on mining for their GDP

 
announced today - 2nd possible mine to begin assay testing from September, prioritised based upon historical Inferred Resources

The Antonia deposit with its NI-43-101 compliant resource is to be progressed to the second possible mine in addition to the $218M USD NPV Open Pit gold-silver mine. Antonio itself having an estimated Resource Value of $525m USD base metals and is located in the very significant "New Horisons" larger VMS deposit zone


 
Pause in trading the day after the announcement about theAntonio deposit being brought foward as a small cash flow generating operation.

this could be interesting

 
25 % increase in the Resource Estimate for the open pit La Demajagua gold-silver deposit in Cuba with 90% of drilling result assays taken into consideration

LoM increases from 6 years to 8 years, and then underground to commence as previously announced

Financial Scoping Study will be updated by the Septermber quarter (last calculated at Price of Gold $1650 USD)


 
a short interview with Brian following the updated MRE, the "quick calc estimates" comments and the mention of $300M are very exciting for a company that is under $25M market cap - and not forgetting, none of this factors in the pipeline projects

 
in this interview the talk gets into some details around the potential of the El Pilar porhyry copper deposit

  • El Pilar "oxode cap" is a 60 metre deep two zone gold/copper and then copper/gold deposit with a target reseource
  • El Pilar underlying porphyry deposit if the same oxide cap grades are shown to exist has the potential to possibly be 500 million tonnes, drilling kicks off July 2022

but hear it for yourselves here:

 
El Pilar Oxide Cap Target Range for shallow 60m deposits, making for easier and less ocstly open pit minining

  • 224,000 oz of Gold
  • 54,000,000 lbs of Copper

stage 1) Gold / Copper
stage 2) Copper / Gold

 
a follow up announcement today 5th of October 2022 and statement made that strong confidence is obtained from the visual review of drill cores for the preliminary drilling

later in the announcment pack, they then provide this estimate of the relatively low capex potential Open Pit mine of justthe top oxide cap layers

wow - I make this to be approximately 500m x 1.2km


grades estimates of the oxide cap itself (depth to approx 60m)

 
$100K cash in for one fo the Directors / CEO today given the recent Resolution vote was passed
  • 2 million shares @ 5.0 cents plus 1 for 3 free options
  • 5.0cents is above current last traded price of AAU shares



alongside other movements within the Top 20 this is all shaping up to be getting quite interesting, and despite all that is still flying under the radar of the general market
 
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