http://www.businessdailyafrica.com/image/view/-/661042/highRes/102539/-/maxw/600/-/bgqw4t/-/Gold.jpg Gold jewellery. Kenya has enough gold deposits to support commercial mining. /Reuters




Posted Monday, September 21 2009 at 00:00

Kenya has enough gold deposits to support commercial mining, a UK firm that has been exploring Western Kenya says, adding glitter to the country’s long held ambition of joining the rest of sub-Saharan Africa in the minerals exports business.

Goldplat, the UK firm that led a consortium of foreign companies in the Western Kenya project says it will roll out a mining plan as soon as it gets a mining licence from Kenyan authorities.

The announcement made through the mining portal, Mining Weekly, did not disclose the size of the find nor the location but the Department of Mines and Geology estimates that the Western Kenya belt that borders Tanzania (dubbed Migori belt) could produce up to 34 tonnes of gold per annum.

“GMR (Gold Mineral Resources Ltd) is not permitted to make commercial gold sales from the project until its exploration licence is converted to a mining licence. An application has been submitted to the authorities and an outcome is expected soon,” Goldplat says in the current edition of Mining Weekly.

Award of a mining licence to Goldplat, listed at the London Stock Exchange (LSE) through its subsidiary GMR should elevate gold trading to the mainstream economy pushing Kenya into the business of commercial gold harvesting.

Western Kenya produces an estimated 2,000 kg of gold per annum, which is mainly handled by small scale traders who sell their metal to middlemen and a huge fraction of it is not captured by the national data since.

The coming on board of a major mining company offers the country an opportunity to boost its foreign exchange earnings from the commodity, rev up employment in the mining sector and diversify Western Kenya’s economy that currently relies on the underperfoming tobacco and sugar farming.

The project is particularly expected to stir up activity around Migori and Trans Mara districts that are among the poorest regions in the country. Official data shows that Kenya earned Sh592 million from trading 0.3 tonnes of gold last year, but with the capacity of 34 tonnes in Migori alone, the country earn close to Sh67 billion from trading gold.

“That level of output could make gold one of the country’s top forex earners and make Kenya a middle-level gold producer, with the Migori belt alone having the capacity to produce 1.2 million ounces,” says an investor brief from Canadian mining company Kansai Mining Corporation, which also has interests in Kenya.

Goldplat Plc is listed in the alternative investment segment of the London Stock Exchange (LSE) and has mining projects in South Africa and Ghana. It produces precious metals like gold, silver, and platinum in the continent.

In Kenya, Goldplat’s stakes are at Lolgorien, where it owns a 50 per cent stake in a joint venture with Oslo and Swedish-NGM listed International Gold Exploration AB. The joint venture company is registered in Kenya as Kilimapesa Gold.

The Kenyan-registered company has a license to explore the gold potential of the 213 sq km Migori gold belt and is seeking to expand into Tanzania and Uganda.

Kilimapesa Gold’s Lolgorien gold project is situated in South Western Kenya within the Migori Achaean Greenstone Belt.

“We are close to completing the acquisition of the remaining 50 per cent of Kilimapesa Gold, which will see Goldplat wholly own the project,” said Goldplat CEO Demetri Manolis.

He noted that Goldplat had refurbished the Kilimapesa Hill gold-mining project’s plant at a cost of £120,000 this year. This had included the installation of a new mill motor, a crushing unit and an additional gravity circuit and thickener, as well as the replacement of the electrical recirculation circuit and the refurbishment of the assay laboratory, he added in a statement to shareholders.

The firm also claims that it has forged “excellent relationships” with the local community and local artisan miners. The firm also continues to develop other four exploration targets at Kilimapesa namely Olepoipoi, Meghor, Teng Teng and Red Ray, as well as investigating other known high-grade areas with surface mining potential in order to increase the life of mine.

Chairman Brian Moritz commented: “Our objective of becoming a mid-tier miner is under way with Kilimapesa Gold moving towards profitable production and other projects under review. The current favourable gold price environment is enhancing our value and we are in a strong position for growth.”

Gold prices have defied the slowing global economy to traded at slightly above the $1,000 an ounce mark in recent months as investors look at a the commodity as a classic hedge against inflation, falling current and asset classes such as equities.


http://www.businessdailyafrica.com/Company%20Industry/-/539550/661038/-/item/1/-/mco6tp/-/index.html

^^Hmm are we becoming also mining giant, if this true, then gold, titanium which will be started anytime plus the prospect of coal and iron in ukambani plus the oil exploration if we are lucky. lets raise our hand and be optimistic and apprehensive. :cheers::cheers:

http://www.businessdailyafrica.com/Company%20Industry/-/539550/651542/-/item/0/-/whx22a/-/index.html


^^:cheers::cheers:

I have all long known that there is gold in migori.
British trashed the place when they left.Now they are coming back to exploit again.

The economic mainstay of Transmara District could soon change for the better once a South African firm starts mining gold in the area.

Kilimapesa Gold Mining, which has been prospecting for the mineral in Lolgarian since 2006, on Friday said it was only waiting for the go-ahead from the National Environmental Management Authority (Nema).

However, residents expressed reservations on the project, saying they feared they may be evicted once the mining starts.

Speaking at the Lolgarian DO’s office during a public hearing organised by Nema, the residents said Kenya’s mining laws decreed that all mineral-rich areas belonged to the State.

“We are blessed to have the mineral deposits here,” said resident Peter ole Tomboi, “but the blessings keep turning into curses whenever multinationals venture into our lands, because they end up exploiting us for their corporate gains.”

But Kilimapesa chief executive officer Mark Austin assured the residents that they would be the biggest beneficiaries once the project takes off, saying the company had so far recruited 65 locals as part of its 75-strong workforce.

Mr Austin also promised to build a milk-cooling plant in the area as part of Kilimapesa’s social responsibility plan.

University of Nairobi lecturer Juma Maobe, who is a consultant with the mining company, said the project would not displace the residents since it would be concentrated at Kilimapesa Hill, and that the furthest the exploration would go would be within a two-kilometre radius from Lolgarian township.

He said Kenya’s mining laws needed to be changed since they still used the colonial edict that arrogated the State full control of all mineral-rich zones.

Clear guidelines

“The amendment should provide clear guidelines on the exploration of minerals, an area which is a constant source of disagreements between the State and its citizens,” he said.

Rift Valley provincial director of environment Edward Juma said his team would issue a report on the views given by the locals in two weeks.

A recent geological report identified Kilimapesa as an area rich with gold deposits that can last up to 15 years of intensive exploitation.


http://www.nation.co.ke/News/regional/-/1070/662890/-/item/1/-/oxlrl1z/-/index.html

there is a lot to be learnt with the botswana situation. why is their country thriving when others fall into civil war when resources are discovered. it's partly to do with the big corporations countries allow in to control their resources. this is why we need to be so wary of them.

http://www.businessdailyafrica.com/Company%20Industry/Gold%20rides%20on%20high%20prices%20to%20overtake%20fluorspar/-/539550/924390/-/urduia/-/index.html

Kansai Mining Corp updated investors on
the progress of its exploration activities at its Migori gold project
in southwest Kenya, where to date, a total of 2,259 metres of
diamond coring and 1,367 metres of reverse circulation (RC)
drill holes have been completed.
Drilled diamond core and RC chips are currently being logged
and sampled and results for the first sample batches are
expected in early May.
There are currently four contractors engaged to complete a
combination of resource infill diamond and reverse circulation
drilling on resource prospects in the western licence , SPL122,
and exploratory, scout drilling on previously unexplored targets
in the eastern licence, SPL202.
A fifth contractor has recently mobilised to site and air core drilling is expected to commence over the coming week to obtain soil
samples for geochemical sampling in areas where bedrock exposure is limited.
The latest drilling cover the Gori Maria and Kakula/Kalange (KKM) prospects which currently have a combined indicated resource
estimate of 30.7 million tonnes containing 920,000 ounces of gold.
When drilling on the KKM drilling prospects is completed, Red Rock will drill the MK and Nyanza prospects. Two scout holes have been
drilled into the Nyabisawa banded iron formation target totalling 250 metres.
Trenching has been underway at the VTEM conductor 2 target with 6 trenches being dug to examine the lithology and structure of the
region. A drill programme to test the source of the VTEM anomaly is currently being prepared.
Final processing of the VTEM and magnetic/radiometric data is expected to be completed later this week. Results are expected to allow
the Macalder VTEM target drilling programme to be finalised and for new potential targets to be delineated.
Results from stage 2 of the metallurgical test work on the Macalder tailings are expected at the end of April.

The drill programme continues, with nearly 5,000m of diamond, reverse circulation, and aircore drilling completed to date. Four drilling companies are now active on the site and on the last three reported days drilling has been progressing at between 163m and 171m a day.



The results of the second stage of metallurgical testwork on the Macalder tailings are expected to be received this month, and an environmental baseline study has begun on the tailings. A Community Liaison Committee has been established.

rev, u have been gone for a while. nice to see you are still hanging around

Hi nairoberry,

http://www.youtube.com/watch?v=7iGC5ED9Me4&feature=BFa&list=WL0EFC048F57BC1F74&index=3http://www.youtube.com/watch?v=7iGC5ED9Me4&feature=BFa&list=WL0EFC048F57BC1F74&index=3

http://www.businessdailyafrica.com/-/539552/1173294/-/6729pez/-/index.html

UK firm gets clearance to mine, export Kenya’s gold
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Richard Ekai from Kainuk area of Turkana County gets down to work as he carefully sorts out the sand and the pebbles in a quest for a precious metal, gold. The government is to issue the country’s first ever commercial mining certificate by the end of the year, a deal which should also enable Kenya to benefit from gold trade that has been dominated by artisanal miners. File

Richard Ekai from Kainuk area of Turkana County gets down to work as he carefully sorts out the sand and the pebbles in a quest for a precious metal, gold. The government is to issue the country’s first ever commercial mining certificate by the end of the year, a deal which should also enable Kenya to benefit from gold trade that has been dominated by artisanal miners. File


Posted Thursday, June 2 2011 at 00:00

Kenya is set to issue the first-ever commercial gold mining lease to a British company later this year in a deal expected to yield Sh634 million worth of gold exports in the first year of operation.

Goldplat — a London Stock Exchange listed mining company — got the approval for the mining lease application it had made for the Kilimapesa site in Transmara County two years ago after it discovered substantial gold deposits that could sustain commercial mining in the area.

The deal comes when Kenya’s total earnings from gold have tripled to Sh6.2 billion, helped by increased output and record high international prices.

Other mining companies are exploring in the area, but a Goldplat executive said the lease will allow his firm to export an estimated 5,000 ounces of gold in the first year of operation.

The deal should also enable Kenya to benefit from gold trade that has been dominated by artisanal miners, who have in the past complained of exploitation by middlemen.

In the run-up to the commercial exploration, Goldplat concluded the acquisition of the 50 per cent stake in the project held by former joint venture partner Internal Gold Exploration, AB (IGE) for Sh165 million ($2 million) last month.

Mr Moses Masibo, the Commissioner of Mines and Geology, said that Goldplat will acquire the commercial mining lease before the end of the year since its application had met all requirements and was only awaiting clearance from the ministry.

Mr Masibo said that issuance of a lease would streamline Kenya’s trade in gold, which has largely been informal. He said the reported figures in gold have been ‘understated’ given the potential of the Migori gold belt.

“Nearly all of the gold reported last year came from thousands of artisanal miners who sold their harvest to local dealers — the source of the official information,” he said without revealing what he considers as accurate.

Data from the department, reported in the 2011 Economic Survey, indicates that gold production nearly doubled last year to two tonnes, compared to 2009’s 1.1 tonnes, but the soaring prices in the international markets magnified the value three-fold last year to Sh6.2 billion.

Reuters quoted the price at about Sh4.5 million a kilogramme Wednesday ($1,545 an ounce), 10 per cent higher than December, and 25 per cent more than June 2010 prices.

High volatility of other asset classes, including currencies and debt instruments, has seen investors flee and hold their wealth in gold. That has caused soaring prices.

The pending issuance of a mining lease number to Goldplat opens the way for dozens of international gold exploration firms currently holed up in prospecting activities in Western and Northern Kenya, including Kakamega, Rongo and Isiolo.

Mr Demetri Manolis, the chief executive of Goldplat, said the exploration phase had yielded significant deposits.

“We are confident of being granted a mining lease number before we begin commercial gold exploitation,” said Mr Manolis in a telephone interview.

These multinationals especially western ones whether big or small don't care about social responsibility. I heard that tanzania onlky gets 3% royalty for their gold inspite of the price flactuation. in other words 97% goes abroad, this proves that africans leaders are iether the biggest clowns on planet earth or they can sell their people if someone made a good offer.

Mariamungu

It must look that way but in reality 3% is the industry average.It is kept low to encourage the investment as there are huge capital costs involved in setting up a new mine which takes years of mining until those costs are recovered.

Low grades+semi democratic+christain/muslim mix = low royalty percentage so as to encourage investors it is worth taking the risk.

Red Rock Resources (LON:RRR) shareholders have accused management of downplaying a positive metallurgical update earlier this month on the company’s Macalder gold and silver tailings asset in Kenya but its chairman Andrew Bell remains wary of “over-promising” on the project.

Bell has been a little taken aback by the criticisms but clearly does not feel the need to apologise unduly, even as he appreciates fully the sore disappointment of shareholders over the performance of the stock, with the shares having halved in value over the last six months.

The Macalder tailings project is located on the Migori belt, south west Kenya. The belt is relatively lightly explored over the greater part of its length but does boast historic gold and base metal production including the Macalder VMS copper-zinc-gold mine.

Previous work by the group on the Macalder tailings had already indicated a resource of 1.42 million tonnes grading a rather decent 1.64 grammes of gold per tonne.

Last week, June 9, Red Rock updated on the project with its Phase 2 results, indicating an average recovery of nominally 65 percent gold for the tailings, and 10-20 percent recovery for silver.

On a further positive note the company said that the preliminary economics on the project are “positive”, with the tailings processing flowsheet expected to comprise a conventional cyanide agitation leach and Merrill Crowe recovery plant.

Furthermore, the company anticipates that the processing flowsheet under design for Macalder will not require grinding. The data also imply a reduction in the leach residence time compared to projections from Phase 1 testwork on the tailings.

The Phase 2 update, however, failed to impress the market, with the shares easing in the wake of its release, confounding and annoying some of Macalder’s shareholders who blamed the company for not highlighting enthusiastically enough the positive nature of the data.

In a letter to shareholders following the update, Bell sought to address the criticism: “We got the highest quality advice at every stage [for Macalder]. We are not going to change our approach and put out a bullish announcement about how this is a project that is going ahead and will make money until we have done the proper work. That is the answer to those who complain that we are not sufficiently upbeat or clear in our announcement.”

Bell continued: “We are not going to say 'we are going into production' until we have a proper and professional assessment of capital cost. We would look unprofessional. And we only just now have the answers on process and flowsheet. So only now can we know what to cost.

"The sizing of units, for example the leaching tanks and the flow sheet are dependent on the answers to the very questions to which we only now have answers to questions such as 'do we leach for 24 or 48 hours?’ and 'do we need to grind?' The answers to both questions were positive....”

Bell added in the letter that management believes that “with a simple plant and process flow some 50,000 oz of gold can be extracted economically” from the tailings.

He also added that the company’s environmental assessment is “encouraging” so far and has led the company to establish a separate team to take the project forward and fast track the next stages: “This is an encouraging development for shareholders, and a good piece of news with which to end the financial year.”

Bell assured investors further: “The remaining work will not take long, and we would not be undertaking it if we were not confident that our internal rough internal rate of returns looked robust. We are fast-tracking it; and fast-tracking means fast-tracking.”

This week Bell reiterated his conservative stance on Macalder, saying he has already his fingers burnt with the market perceiving management “over-promised” in the past with developments of projects in Colombia. There the company owns 50.5% of Colombian gold miner Mineras Four Points SA, which in turn has rights over two gold mines in Antioquia, El Limon and El Mango.

El Mango has recently started producing ore for production at the El Limon plant. A recently completed refurbishment of the 150t/day plant at El Limon has seen the start of operations, and production building up towards rated capacity.

Bell, adding flesh to comments in the letter to shareholders, told Proactive Investor: “The bottom line is that we now have very accurate information on Macalder indicating a 75,000 ounce resource that is amenable to processing relatively easily, which means lower costs, cheaper plant requirements.

“Indeed using very simple processing, deploying a small plant, perhaps even second hand equipment, we are confident of recovering 65% at least. It is all looking good so far in terms of capex and in-house funding….”

On the environmental front, Bell said the company is quietly confident that proven technologies like reed bed, will largely address processing waste issues for Kenyan regulators but cautioned it is as yet too early to predict the final outcome of the assessment: “All we can say at the moment is that in out view it is developing very well…”

Another critical next step for the Macalder project though is the scoping study to fully detail the economic viability of the project. Here too Bell is cautious on timing: “We could come out very quickly indeed with a scoping study, and we hope to, but we have to be mindful of political and regulatory issues. Kenya is quite a demanding place in that respect so we don’t want to say anything that is not founded on the most rigorous analysis.”

http://www.proactiveinvestors.co.uk/companies/news/29420/red-rock-chief-remains-quietly-optimistic-over-macalder-project-29420.html

These multinationals especially western ones whether big or small don't care about social responsibility. I heard that tanzania onlky gets 3% royalty for their gold inspite of the price flactuation. in other words 97% goes abroad, this proves that africans leaders are iether the biggest clowns on planet earth or they can sell their people if someone made a good offer.

The problem is not the multinationals persée but the mismanagement and lack of home grown ingenuity(Both material and skill) that is crippling many a third world economies. If only our country's(Govts and private financiers) could bolster our small struggling entitys with enough capital and relevant experties most of these capital out-flows being witnessed would be stemmed. Australia, Canada and SA to a lesser extent are among the best examples of what proper management combined with mineral wealth can do to a country's economy.

A purported order of the Migori County Council dated 5th August 2011 was served on Mid-Migori Mining Ltd ("MMM"), the holder of the Kenyan licenses, at the Mikei camp on 15th August 2011, requiring MMM to cease gold exploration in the Council's area of authority. This area covers part of the license and includes land owned by the Council. Red Rock is advised that the rights to exploration, issued by the Ministry of Environment and Mineral Resources, are validly held by MMM and the Ministry confirm that the appropriate landowner consent from the Council's predecessor council was obtained at the time of the grant of the original license and remains valid.

Neither reason nor authority is cited in a four line letter from the Clerk to the Council, and Red Rock regards the purported order from the Migori County Council as dealing with matters entirely outside the authority of the Council, and entirely defective both legally and procedurally. However, as a precautionary measure MMM has sought and obtained from the High Court in Nairobi leave to apply for an order of certiorari and prohibition, and a stay on any action by the Council until determination.

Red Rock has in recent days been given heartening evidences of support by the communities in which it operates in Kenya, who have been vocal and articulate in making their views known and complaining about manipulation by other selfish interests. Red Rock is also now active at all levels of Government and media in ensuring that no misrepresentations are made. Red Rock has received courteous, correct and professional treatment by all Ministries with which it has dealt, and considers Kenya to offer a good and law-abiding investment environment

Red Rock confirms that it complies, and will rigorously continue to comply, with the Bribery Act and all other relevant UK and Kenyan legislation.

http://www.proactiveinvestors.co.uk/companies/rns/110830rrr2743n


Looks like the old back handers are having a go!!!

I would like the contact details of the Migori Council MPs who are concerned about Red Rock Resources plc and their Migori gold project. It is unacceptable that after 28 years and one foreign owner after another none of the rich gold lodes have ever been mined -except for 900 ozs from the MK lode.
Red Rock (RRR) after 20,000 metres plus of drilling have not reported a single assay result and steadfastly refuse to report results to shareholders let alone to the Kenyan community to whom they also have a responsibilty to consult and provide information.
RRR should forfeit the project given the intransigence of its Chairman Andrew Bell to conduct RRR business in Kenya in the way all other foreign explorers deem fit to operate.
Ken Watson

Welcome Ken to SSC,

Well you really have set the cat among the pigeons,but you do have a point,after 20,000 metres of drilling over 8 months and 10 months after drilling first started not a single result has been published,I don't know how they get away with it.There has been more than 6 updates during 2011 and all of which have just been words.Words words and more words!!!

I think we could all do with some numbers for a change.

Anyone got the Migori Council MPs email addresses, feel free to post them onto me?

5/6/2011

Bell assured investors further: “The remaining work will not take long, and we would not be undertaking it if we were not confident that our internal rough internal rate of returns looked robust. We are fast-tracking it; and fast-tracking means fast-tracking.”

http://www.proactiveinvestors.co.uk/companies/news/29420/red-rock-chief-remains-quietly-optimistic-over-macalder-project-29420.html


Those words were said 4 months ago!!


From RNS 30 th August

At the Macalder Tailings Project, Red Rock is working with CSA, who previously produced a JORC compliant Indicated Resource of 75,084 oz Au, to generate a Measured Resource, and expects to make an EARLY announcement on this and on its intentions with regard to the processing of the Macalder tailings.

..

Thank you Rev - your comments are accurate and most welcome. Contrast the manner in which Aviva Corporation Ltd an Australian company operates in West Kenya with the secrecy surrounding Red Rock exploration programs. See www.avivacorp.com.au and their Fact Sheet on their gold and base metals projects -then go to their ASX announcments with maps - drill results -cross sections - longitudinal sections ----then go their gallery with pictures of the sites and people involved. Their ASX report of 24th August is a good example.
Aviva are a professional Australian exploration company that reports in an open and transparent manner unlike the secrecy that surrounds Red Rock Resources and their Migori project.

Exactly!!!

It is not like we are asking for much,surely the earlier drills have returned by now back from the lab.or is RRR going to play the old,"all the test labs are very busy and over loaded with work due to an overwhelming about of samples from a huge amount of different exploration companies like ourselves."

If they can string it out for another month ,they can use the old Christmas excuse!!!!

I would like the contact details of the Migori Council MPs who are concerned about Red Rock Resources plc and their Migori gold project. It is unacceptable that after 28 years and one foreign owner after another none of the rich gold lodes have ever been mined -except for 900 ozs from the MK lode.
Red Rock (RRR) after 20,000 metres plus of drilling have not reported a single assay result and steadfastly refuse to report results to shareholders let alone to the Kenyan community to whom they also have a responsibilty to consult and provide information.
RRR should forfeit the project given the intransigence of its Chairman Andrew Bell to conduct RRR business in Kenya in the way all other foreign explorers deem fit to operate.
Ken Watson

Welcome AustraKen to SSC-Kenya^^, those are great insights on the 'workings' also interesting to know how the big WEST is taking advantage of our govt's incapacities for a jolly ride.

The same RRR nonsense is now being played out with the El Limon "Lemon" mine in Colombia - not a single mine plan - no tonnages - no grades - no channel sample results across veins the most basic of information - no geological maps - no metallurgy - no process plant details -no flow diagrams - No Pictures - No Powerpoints ----just the usual waffle -waffle - waffle everyone now expects from Andrew Bell who has not brought on stream a single successful project since Ken Watson secured Mambare and Ken Watson single handed did the Jupiter Mines deal with Pallinghurst.

@Austraken, I'm thinking if you left a comment on the "Watchman" section of kenya's daily nation newspaper, the company might reply and ask to get intouch with you about their activities. Once a comment is published in that section, most companies feel obliged to write back.

Lol www.skyscrapercity.com (Kenya) is just as equally important as an informant, blog-pictures & discussions and a social network resource, otherwise how does this site expand it's reach and scope? Fact is that this website has featured several times among top 500 websites(visited) in Kenya [www.Alexa.com] and hopefully it will become a static feature.

Information Resources
Ministry of Environment and Mineral resources: http://www.environment.go.ke/
Narok County: http://www.narokcountycouncil.org/
Migori County:

Lol www.skyscrapercity.com (Kenya) is just as equally important as an informant, blog-pictures & discussions and a social network resource, otherwise how does this site expand it's reach and scope? Fact is that this website has featured several times among top 500 websites(visited) in Kenya [www.Alexa.com] and hopefully it will become a static feature.

Information Resources
Ministry of Environment and Mineral resources: http://www.environment.go.ke/
Narok County: http://www.narokcountycouncil.org/
Migori County:

^^
SSC-Kenya imetoka mbali. :cheers:

Drilling this time from Linear Metals also in the Nyanza Province.

http://www.linearmetals.com/s/NewsReleases.asp?ReportID=485769&_Type=News-Releases&_Title=Linear-Metals-Intersects-Significant-Gold-Mineralization-in-Ongoing-Drillin...

Kanga East Grid (Ruga Anomaly)
KE-11-04: 17.2 grams per tonne ("g/t") Au over 0.7(1) metres ("m");
KE-11-06: 3.77 g/t Au over 4.4 m,
including 6.96 g/t Au over 2.24 m
including 44.3 g/t Au over 0.25 m.



The Company's chairman (Brian MacEachen) stated: "These initial drill results have confirmed large, HIG-GRADE gold-bearing structures along the extensive Awuoro-Kanga anomaly where multiple targets remain to be tested. We control a large district scale project along a prolific gold-bearing greenstone belt where artisanal and colonial-era workings throughout our project confirm the presence of mineralization. Our understanding of the system is continuing to develop and we expect multiple additional and follow-up discoveries will be made as our drill program continues."

Obviously the results aren't amazing,but it is Kenyan gold news.

Ken ,

can you give us some technical information on how gravity gold extraction actually works and how it can be used in Kenya.

Also what are the costs ,advantages and extraction % rates.

Rev

Rev,

A gravity gold separation plant uses a rotary scrubber - trommel with water to wash- attrition the materials to release gold particles from clays the materials of which are sized -oversize goes to waste - undersize to a primary jig or sluice from which coarse gold is recovered -thence to a secondary jig of smaller screen aperture size and finally to concentrators which vary from Knudsen bowl type to Knelson or Falcon concentrators which recover the fine gold. Gravity plants have a very low capital cost of only several hundred thousand dollars -- are environmentally friendly only using water - no chemicals -and operating costs are but a fraction of a cyanide CIP or CIL plant costing from $20 million to $100 million or more dependent on tonnage capacity. Low capex - low opex and high profitability.
Right now junior explorers -stock brokers and private investors are embracing gravity gold technology for which my company Resource Gold Pty Ltd (RGL) is involved manufacturing gravity plants from 10 tph to 200 tph and producing gold from mill sites - alluvials ---- and ores with a high gravity gold content with the addition of a simple crushing circuit.

Have a look at Lion Gold Ltd in Singapore moving into Ghana - Mali - Mongolia or Pacific Niugini and their plans at Bulolo in PNG or West Wits who are setting up on the Derewo River next to Grasberg. Just several of a wave of new entrants into gravity gold production which has very low cash costs -approx $300 oz with revenue at todays gold price of approx $1700 oz.

RGL does not need to mine and process the MK lode at Migori -we have planty of projects -but as the founder of Red Rock it makes me angry that RRR managment will not mine the MK lode which has extremely high grades up to about 18 g/t GRAVITY GOLD CONTENT for the benefit of shareholders and the Kenyan community. RRR should forfeit the Migori project.

To research gravity gold techniques there is a lot of information on manufacturers and producers on the internet.

Cheers Ken

Thanks Ken,

that certainly is a low Low capex and a low opex,but what is the recovery rate in %?

RRR expect to recover 65% using a cyanide recovery system,which doesnt seem very high to me,isnt the normal nearer 90%?

Paul

Paul,

In a gravity plant you recover the gold that is 'free' not locked up in sulphides that requires cyanidation. The Macalder tailings are sulphidic and partly refractory hence even with cyanide all the gold is not recoverable.
In some ores up to 90% of the gold is recoverable by gravity. Tailings are a different proposition.

Ken

Interesting Ken,

RRR's court case is it today?

Paul

I think so - Irrespective of the outcome why in tarnation can't Andrew Bell understand it is good business to be open and transparent about the Migori project in the same manner as Australian companies operating in Kenya instead of the secrecy that is the hallmark of RRR.

He is very mistaken if he thinks his present modus operandi will win friends and influence people !!

Ken,
I would like you to read the below quote taken from your posting:

"...Andrew Bell who has not brought on stream a single successful project since Ken Watson secured Mambare and Ken Watson single handed did the Jupiter Mines deal with Pallinghurst..."

1) Please explain Andrew not bringing on stream a single poject
2) Did you really secure Mambare?
3) Did you really do the Jupiter deal all on your own?

Surely, if you were that brilliant, you would be heading up Red Rock, however instead you are spending each and every opportunity you have slating Andrew.

How is your company doing? With all of your knowledge and expertise,the company must be doing wonderfully...

I look forward to you reply Kenneth,

Regards
LTD

I secured the Kokoda property (Mambare) without ANY input from Andrew Bell -brought in Graham Rolfe from Lae (essentially gave him a 25% interest) -brought in Bruce Rowan -as I did with Regency when we floated without ANY input from Andrew Bell into a company which we ultimately sold to RGM. All fact and supportable with records. I alone promoted Mambare in London when Andrew Bell was chasing birds in Africa with one failed project after another -including failures on his own account in Chile. He could not see the potential at Mambare until it dawned on him I had secured one of the largest undeveloped lateritic nickel deposits in the world.

I single handed did the deal with Pallinghgurst when they would not have a bar of him -all supported by documentation. It was my Central Yilgarn Iron Ore strategy that is the foundation of the Mt Ida and that my friend is FACT and well known in business circles in Perth. We can go back further - I secured the Mt Ida andf Mt Alfred iron ore properties for our spin off float of RRR - I set out chapter and verse at an investor presentation in London my vision for our iron ore interests and it has played out EXACTLY as I presented to investors prior to the listing of RRR.

Whilst I had great faith in our stratgegy I was told by many geologists -especially one very close to Andrew Bell there would be NO IRON ORE at Mt Ida - 'it was all surficial" Andrew Bell preferred to listen to those geologists and I had to plead for years for funds to progress CY itron ore whilst he pursued yet more failed managanese projects in Zambia and West Africa. All documented -

Now I have urged RRR to seriously concentrate on hematite in the Central Yilgarn with several projects available -including a project I control -but he prefers to focus on a project in Greenland in preference to DSO projects in the midst of existing DSO mines a short distance from Koolyanobbing rail with compelling infrastructure -in Cliffs own words an area that will be mined out of DSO by 2020.

RRR is playing catch up again assuming the iron ore boom will continue and that magnetite is the preferred iron ore commodity when neither Vale -RIO -BHP - FMG - Atlas or any other iron ore producer is going down that path.

And for your information I devised the raid on Mindax which made RRR millions of dollars - and I devised the raid on Jupiter and brought in Pallinghurst when we needed a strong partner to complete the acquisition.

I have ALWAYS said as a team we were very good - my lateral thinking and entrepreneurial abilities and his capital raising ability in London. The problem is he perceives himself as having my capabilities and that is his fatal mistake -a company now deeply in debt with not a single perfoming asset. I am furious with what is happening at Migori -in excess of 20,000 metres of drilling without one single assay and a huge investment of shareholders funds in a mine in Colombia with NO mine plan - NO tonnages - NO vein widths - NO channel sample grades across the veins - NO plant diagrams - NO process flow sheets - NO metallurgy - NO photo gallery apart from several general photos I note now belatedly appearing -

Announcements to AIM continually misrepresent facts without retractions -ie 2 shovels at El Limon not 3 -and the latest gem -we now have over 1 million ozs in the Macalder tailings !!

My mining interests are doing just fine across a range of commodities - Resource Gold produces gold and is about to commence a new project which for but a fraction of the shareholders funds squandered on El Limon will produce more gold.

Shareholders can't even get a cash cost or overall operating cost from RRR on the El Limon mine - noone has a clue where we sell our gold -what gold is actually sold as refined gold -and what is in circuit. I have never seen a company yet that announces gold production figures as does RRR.

LTD I suggest you email me direct if you are really interested in the TRUTH so we can continue the conversation.

Yours Truly

Ken

Ken,

How do i go about e-mailing you direct?

I would love to find out the truths you hold. Your side of the story is always worth knowing.

Regards
LTD

LTD ,

Please email me on rivatec@bigpond.com

Unfortunately I will be out of range out in the desert on a gold project for the next week so suggest if you make contact in about a weeks time we can have a serious discussion about matters that concern us both.

Kind Regards
Ken

Ken

You will be telling us next that you were the one who introduced AB to DNi as a result of your Perth connections and that if it wasn't for you AB would still believe Oracle was a place of Godly worship.

The bottom line is the 4 x biggest deals made in both companies histories are

1 Mt Ida

2 DNi

3 Oracle

4 Greenland

And seeing as it is a well known fact that AB did all the deal making ,it is hard to believe he wasnt involved in the JMS deal.The remaining big 3 all took place after your watch.

There is a certain amount of inaccurate and malicious information being spread on this thread.

It might be better to direct some questions to the company itself. All questions to the email address of Red Rock Resources plc will be answered.

exploration at rrrplc dot com

Ken,

Interesting points. Why did you leave RRR/RGM as I would assume securing the JMS and Mambare deals have put the companies on the map and have been the springboard to their success. Seems bizarre to do the hard work then go.

Yes indeed Andrew Bell substantially diluted our capital with a flawed strategy at a time when market sentiment is negative for lateritic nickel -with the expensive DNI investment for a mere 7% of the company -- that is a non performing asset. An investment so good the RGM share price has completely tanked and destroyed shareholder value. DNI technology is but one of hundreds of similar 'hopefuls' and in my opinion will never see the light of day. Notwithstanding lateritic nickel will supply most of the worlds nickel supply eventually but we will all have long beards like you my friend before that in fact eventuates.
The Oracle coal project is a very low grade lignite resource with an old cement works as it's only likely short term customer. That has also done wonders for the RGM share price. In the meantime RRR reneged on an agreed deal with my group for an investment in the highly prospective Canning Basin of Western Australia.

I congratulated Andrew Bell on Greenland but markets have changed and DSO with compelling infrastructure in WA is surely a better proposition than iron ore mineralisation on an ice cap in Greenland !! I now note more 'words - words and waffle about mineralisation thus far discovered . It sounds very reminiscent of Migori and El Limon all of which thus far have not yet had a published assay result after millions of dollars of expenditure !! Show us the Fe results - the impurities -a geological map -a geophysical map and Greenland might start to gain some credence !! Oh and how will deal with the huge environmental issues unlike iron ore development in WA.

I rest my case -

He stacked the board with his cronies -

Nothing is inaccurate and nothing is malicious. When Andrew Bell reports in the accepted and appropriate manner on company activities we can all get on with life.

Hi Ken

What technical floors can you identify in the DNi process?

What value would you put on the Mt Ida Royalty,if any?

Are you saying that the Oracle coal is not economically viable to use in a power station?

Have you ever been to Africa?

Mr Watson,

With regards to your comment on the DNi process not seeing the light of day, could you please expand in more detail on why you feel this way? I've tried to the best of my ability to understand the process and researched DNi thoroughly. I've read through the patent information, I've had communication with TECK, OZ minerals, Neomet, Andrew Bell and of course DNi itself... And through this research I can only say Direct Nickel has the best chance to date of success. Of course, the process is no 'dead cert' but I'm happy to invest in Regency and continue to watch the DNi story develop with great interest.
With regard to the price RGM paid for the 7% stake in DNi, the CSIRO also were happy to invest at this level... When you look through the history of investment in DNi, the price paid by both RGM and the CSIRO looks like 'natural progression' given the previous investment and process development.

I'm also interested in why you feel Lucky Cement will only "likely" be Oracle's only short term customer?

A depression looms large on the horizon - you better believe it - hence I if not you now look at future prospects of any junior explorer and hence its share price in that light . Not much good having a new nickel process irrespective of the calibre of the technology when there will be no demand in the next 20-30 years. Similarly even though I bought Mt Ida for RRR and put the JMS deal together in my opinion Mt Ida which is competing with no less than about 100 billion tonnes of magnetite closer to port with existing infrastructure will not be developed either for many years -certainly unlikely in our lifetime. Hence I attribute minimal value to the JMS royalty.
Similarly again I attribute no value now to the Oracle coal resource. I had the coal resource of Rey Resources in the Kimberleys exactly 40 years ago ---which was HOT only 12 months ago-and still after 40 years it is still questionable if it will ever be developed !!And that is a better quality coal than the Oracle resource. I have been there and witnessed a lot in 58 years since my early days at the Rum Jungle uranium mine in 1954. We were talking up rare earths in IPO's in the 60s !! So much now for RSL still focussing on U and REEs with the huge sum of $70,000 in the bank when it should have switched to gold when I recommended that course of action years ago.
And finally - Yes I have been to Africa - including the manganese project RRR was going to develop at Mkushi in Zambia 2,000 kms from a port !!

Isn't the grade irrelevant to a certain extent? What I mean is as long as the project is economic and, is suitable for power generation and in the local cement industry, Oracle are on to winner? Im not familiar with the project you mention but comparing something you had in Australia with Oracle's in Pakistan is not really fair... The situation as I see it in Pakistan is unique; the power issue needs to be addressed, coal is currently imported into the country so Oracle's coal will satisfy local demand. If Oracle was looking to export, then I could understand the argument you are making.

With regard to Mount Ida, what do you make of the fact Anglo Pacific very recently paid $30million for a 1% royalty in London Mining's Isua project?

Now, I'm not suggesting for one minute that the Mount Ida royalty could be acquired, but if you have a company who've very recently paid the sum Anglo did for a 'lesser' royalty, I think it's a little mean spirited to assign a zero value.

I suggest you do some serious research on iron ore.

1. Firstly you are not comparing apples with apples. The Amapa project in which Anglo bought the Beadell royalty is a potential high grade DSO hematite project NOT a low grade magnetite project.
2. If the project gets off the ground -and that does not seem imminent despite having a first class board - it is a production royalty that in my opinion has more chance than Mt Ida of eventuating.
3. The deal was done at the height of the new iron ore boom in Sept 2010 -a totally different story to the market for iron ore that is now unfolding in late 2011 !!
4. JMS may well buy the RRR royalty for a song - a near certainty perhaps as RRR is now mired in debt at crippling interest rates in a market where raising equity funds is nigh impossible -- the companys debt potentially approaching the net realisable value of its JMS holdings.

In terms of the Oracle coal resource it is light years from contributing to Pakistans energy needs -as is Pakistan itself from industrialisation. Given the huge capital cost and the very low rank of the coal the Oracle deal was in my opinion a 'boom time baby" and I think you will find that project would not be able to compete with coal imported from Australia.

My apologies - Anglo did indeed pay $ 30 million for the Isua royalty -in early August 2011. And it is a magnetite project.

I note it is repayble in cash or shares if certain milestones are not completed. I wonder if it is in the bank - I need to go back to their web site to see if in fact it was received. One of the founders of London Mining Chris Brown was a director of a company of which I was the Chairman.

I suggest things have changed considerably in the last three months and Anglo have it wrong punting on a magnetite project in Greenland -but nevertheless perhaps Andrew Bell should pick up the phone to Anglo right now whilst they are hot and improve our cash position !!

Yes funds received - I still think none of these projects -especially in Greenland will ever go into production. History will be our judge !!

Ken, apology accepted. I just finished typing out a rather lengthy post, but thought I'd check the board first... Good job too!

Thanks - looking at the markets tonight and the Greek bombshell it is all unravelling fast now -next is Italy and no way the world can bail out their bond market !!

In gold we trust

Vipassana/Kenny

Very interesting news about Anglo Pacific's recent $30M 1% royalty purchase.


Kenny well done for admitting to not being right all the time.


Quote Kenny"I think you will find that project would not be able to compete with coal imported from Australia".

Are you sure about that?


Kenny I am not sure you fully understand the Oracle story.Are you saying that it would make more economical sense to import Australia coal ,2 ports and 12,000 miles away to a steam/electric power station built next to a lignite open pit mine, than to use the local Pakistani coal directly opposite?

Yes -it is a fact of life Australian iron ore is preferred to low grade Chinese iron ore and despite China in particular having huge coal resources also IMPORTS coal to meet a large portion of its needs.

At the end of the day it is a personal opinion based on experience and in this market completely academic anyway -you can ride RRR down to 1p and Oracle will collapse too. I sold my entire RGM stock around 6 p because I knew both companies were on a hiding to nothing playing 'catch up' with management unable to understand market sentiment has changed and radical new strategies were required.

Best of luck mate -

Kenny quote "At the end of the day it is a personal opinion based on experience"

What exactly is your experience/qualifications?You have told us lots of times about being a director and chairman of lots of different E&P companies but what exactly is your qualified area of expertise .ie mineralogy ,metallurgy,etc?


Kenny quote "DNI technology is but one of hundreds of similar 'hopefuls' and in my opinion will never see the light of day."

What technical floors can you identify in DNi process, to make you think it will never see the light of day?

What do you think about the recent Mambare results?

Been away for a few days,this thread is starting to get interesting!!

Ken has definitely got some spunk!

56 years in the Mining University of Hard Knocks

I would not feed half the geologists -metallurgists -and so called mining analysts !!

Look at Aviva reporting to ASX on 3rd November – assay results – drill tables –maps –fantastic grades –

Compare that with the lack of any meaningful information by RRR – not a single assay result after millions of dollars expended over a much longer time frame than Aviva.

Andrew Bell and RRR management are a complete joke in the industry. :banana:

Kenny quote "DNI technology is but one of hundreds of similar 'hopefuls' and in my opinion will never see the light of day."

What technical floors can you identify in DNi process, to make you think it will never see the light of day?

Hi mate. First of all the word is 'flaws" not "floors"

I am not specifically referring to flaws in the budding technology as proposed by DNi - I am referring to the fact there are many competing technologies that will PRESUMABLY replace HPAL !! Now we all know HPAL is not an ideal technology -research the difficulties of Minara ( Anaconda) and dozens of other similar processes -such as the old Qld Nickel at Yabula - it was hard going often propped up by State Govts but with the increase in nickel prices and different variations of acid leach processes and different ores lateritic nickel became profitable.

Secondly there is no doubt simpler leaching techologies will emerge and whilst major companies and CSIRO have a stake in DNi they also back other emerging processes too so their involvement in DNi is NOT an endorsement. It is an each way bet -

I have worked with many scientists proposing the next BIG THING in lateritic nickel and thus far to my knowledge there is no replacement yet to HPAL !!

So whilst you already have a long beard Kojaki I suggest it will be down around your ankles by the time DNi deliver.

Simple as that - especially as nickel unless a high grade sulphidic player like Western Areas --are not exactly flavour of the month !! Give me sulphide nickel players in my portfolio -not lateritic - any day. :ohno:

Kenny

I think your research into the DNi process has obviously been very limited.What separates the DNi process from its peers, past and present is the simple fact that the agent the DNi process uses is Nitric acid as opposed to sulfuric acid.The problem with using sulfuric acid as the liberator is ,the Mg which occurs naturally in the laterite ore ,works as a neutralising agent ,resulting in even more sulfuric acid needing to be used.All this acid eventually and at great cost needs to be neutralised with lime and is then dumped out at sea.This highly pollutive method of mining also carries high capital entry and running costs.All this is miles away from DNi's revolutionary process.


Direct Nickel overcome these problems by using nitric acid instead, and exploits the magnesium salts to stop the liquid from boiling so at that stage no high grade stainless steel HP vessels are required.Once the nickel has been liberated ,the magnesium nitrate MgNO3 and the nitric acid HNO3 go through an increase temperature chamber,the magnesium nitrate MgNO3 decomposes to form magnesium oxide MgO which BTW is used to make cement.And the nitric acid HNO3 during this increased heat , experiences partial decomposition and forms nitrogen oxide gases NOx,which should not be confused with nitrous oxide (N2O), which is a greenhouse gas.Nitrogen oxide NOx can be used in painkillers, and as a food additive.The nitric acid HNO3 then goes back to leach ie. it is recycled.

So I think you will agree there quite a lot of by products that can be spun off from this process,even fertilizer!



:lock::lock::lock:DNi HAVE UNLOCKED THE CODE KENNY!:lock::lock::lock:











http://img717.imageshack.us/img717/8759/fig3l.jpg (http://imageshack.us/photo/my-images/717/fig3l.jpg/)

Hope not reality in the present demand -supply situation for lateritic nickel !! :bash:

Existing processes are niche solutions

High Pressure Acid Leach - HPAL

◆ Very high capex, high opex
◆ Difficult and risky to operate
◆ Very sensitive to ore type, suits
limonite ores
◆ High acid consumption – single
use
◆ Very high barrier to entry
because of scale

Ferronickel smelting

◆ Needs high grade
◆ Very vulnerable to energy cost
◆ Suits saprolite ore types
◆ High barriers to entry due to capital
and operating costs

Heap leach with sulphuric

◆ Unproven
◆ Lower and much slower
recoveries
◆ High acid consumption – single
use
◆ Restricted to limonite ores
◆ Long production cycle and Heap
management issues


Pig nickel in China

◆ Reliance on imported high grade ore -
will it run out?
◆ Very high energy consumption and
opex make it a swing producer method
◆ Environmentally unacceptable

http://www.directnickel.com/pdf/mines-and-money-hk.pdf

Independent verification of capital cost of US$10-12/lb of annual capacity with
the DNi Process and a process cost of US$1.80/lb opex


Once nickel is trading below $20,000 mining becomes econmically unviable,which is not a problem for DNi as their running costs calculations are one of the lowest in the industry.


Yes Kenny lots of "have a go companies "have tried to crack the laterite/saprolite/limonite nickel formula ,some have failed some have gone into production at huge costs to the environment and some are still continuing with their research,but none of them are anywhere near to unlocking the answers and in doing so turning an industry on its head, as DNi are and we are only 6 months or so away from finding this out.

Some competitors if we can call them that ,are trying all sorts of bizarre methods to try and liberate the nickel,organic being one of them. I dare say there is some idiot out there that is trying some kind of gravity process.If there is such a person their beard will be tripping them up by the time they realise they would have been better off investing their time in getting a university degree, instead of exploiting to the point of exhaustion their "gift of the gab, blagging it skills".

The prize is huge as the successful company will be able to take itself and its shareholders straight into a annual $35 Billion industry.It is not every day you can say that.

:applause::applause::applause::applause::applause::applause::applause::applause::applause:


Great debate guys!



Both links new this week.

http://library.rrrplc.com/RRR_web/RRR_Presentations/RRR_Presentations_2011/RRR%20Company%20Presentation%2020%20October%202011%20NW.pdf

http://www.miningmaven.com/k2/companies/red-rock-resources/red-rock-resources-proven-explorers-expanding-producers/

Noone disputes all the information you have copied from published information on all the various nickel extraction processes. But NOONE including DNi yet have an economically viable process to replace existing technology.

DNi remind me of all the inventors out there who were going to replace the internal combustion engine or run them on water !! Always sounded like someone had achieved that goal but at the end of the day only now after a century of trying are electric cars starting to make their mark - ands still with substantial limitations.

The problem is you are missing the point - if you live long enough no doubt HPAL will be replaced but I don't have another 20 years to hold RGM shares and nor do most RGM shareholders -hence the share price.

You also forget that the head honcho of RGM is a good salesman - Nautilus and sea bed mining sounded like a great idea too when commodities were running rampant -and he sold the idea to a major -but again I reckon we won't see that dream realised either in our lifetime.

Andrew Bell gets conned over and over again like he was with El "Lemon" in Colombia :ohno:

Dream on Kojaki whilst I make money - the end game in investing -which is all about timing -and right now the market is clearly not interested in a technology no matter how appealing that will not produce an acceptable return on investment in the next 10-20 years, :lol:

I meant the 'head honcho of DNi -not RGM "

Kenny" But NOONE including DNi yet have an economically viable process to replace existing technology."


??????????????????????????????????????????????????????????????????????????????????




:lock::lock::lock::lock:Phase3 completions within 6-9months:lock::lock::lock::lock:





DNi's Economically Viable Dream List


◆ Recycles key reagents (+95%), significantly reducing operating
costs, and producing more environmentally benign tailings
◆ Fast take lead consistently high recoveries of nickel and cobalt,
over 95% (Aker Solutions PFS/2)
◆ A much lower operating intensity than HPAL and smelting plants
◆ Low capital and operating costs
◆ No scale-up thresholds – can freely scale up from 5ktpa Ni to
world-class scale (the hydromet factor)
◆ Produces marketable mixed hydroxide paying 75% LME




The DNi Process has been developed to the stage where Aker Solutions has confirmed "the technical and economical viability of the Process through the use of conventional equipment and conservative design. The testwork has confirmed a robust and adaptable process... A well managed and funded Demonstration Plant program would provide sufficient data to allow a full-scale plant to be designed and built."

Aker Solutions of Toronto completed a Stage 2 Prefeasibility Study based on a process plant with a capacity of 3Mtpa treating 1.22% Ni ore (in a two-staged combined six-hour leach) to produce 34ktpa Ni in Western Australia. Capital and operating costs for the study were as follows:

Atmospheric Leach Pressure Leach
Capital Cost (US$ / lb of annual capacity)* ~US$12 ~US$13
Cash processing cost (US$ / lb)** US$1.84 US$1.70
* included a reagent plant
** before Co and other by product credits (MgO, Fe203, AI203)

This represents US$500-600M for 20,000tpa of Ni output with a feed grade of 1.22%Ni.

Capital and operating costs will vary due to the deposit, location, infrastructure availability, size etc.
The process is capable of producing by-products such as

MgO
Fe203
Al203
Mn02
Potentially more than 50% of the operational expenditures can be recovered through co-product credits depending on ore characteristics.

Leach reagent consumption is 20-30kg/t of ore.

The low capital and operating cost make the barriers to entry of the DNi Process low.

http://www.directnickel.com/economics/index.htm

Austraken - you write "I have worked with many scientists proposing the next BIG THING in lateritic nickel and thus far to my knowledge there is no replacement yet (sic) To HPAL"

You are relying here not on facts but on assertions of your greater qualification to judge, your scientific knowledge and expertise and your experience as reasons why we should accept your judgement.

May we ask how many is 'many'? How many scientists have you worked with on this? 6? 5? 2? 1? 0? Whatever the answer, tell us. And what do you mean by " worked with"? You mean at a university? At a scientific institute? In a major company known to have carried out research in this field e.g. BHP? And for how long on each occasion? Did you publish any papers?

And what were the names of these scientists?

Because "worked with" in this context normally has - and will be understood by readers to have - a specific meaning.

What are your academic or other qualifications in this field?

At which stage of the DNi process does (in your opinion) the weakness lie?

We need the answers to these questions so we can assess the value of your comment beginning "to my knowledge" where you state that no researched technology can provide a solution. We need to know what your knowledge is and what it's based on.

We need to know, on the negative side, that you aren't just running down RGM and DNi because you have a beef with them, and aren't inventing qualifications and expertise in order to give your criticisms an authority they don't deserve.

Which would say a lot about you. So we hope you can answer and answer fully, because so far there's nothing specific. Compare your posts with Dr Hiroshi's and you'll see what I mean!

Hi there everyone,


Getting back to Kenyan gold for a minute.

Mining Business and Investment (MBI) 2011 East Africa 17th/18th Nov.
Andrew Bell has a presentation time of 11.20 17th Nov for 20 minutes, also RRR are a sponsor.


The 2011 conference will involve up to 200 delegates and guests; government official, mining companies, analysts, fund managers, investment specialists, global Financiers, corporate presenters on portfolio growth and asset diversification and technology Developers.

This year’s Conference will be held on 17th and 18th of November 2011 at the Crowne Plaza Hotel, Nairobi Kenya.

The East African mining industry is now regarded as the ‘last boundary’ offering the best development and investment opportunity. MBI 2011 East Africa will bring together high first class decision makers from the mining industry. It will promote joint ventures between companies and partnership between public instituitions.

Who will attend?
• Government Ministries and Policy Makers.
• Mining analysts.
• Fund managers.
• Investment specialists.
• Global Financiers.
• Corporate presenters on portfolio growth and asset diversification.
• Technology Developers.
• Media.



http://www.prescon-int.com/MBI-2011/brochure.html



Also ,19 exhibitors so far out of 26 ,so not bad.

http://www.prescon-int.com/MBI-2011/floor.html

Bulldog,

I agree with you, Ken given his background, should be completely open and answer the questions you've put to him. Although, I can predict what he'll say...

Ken, if you don't mind me saying, the argument you've put up to date against Direct Nickel lacks depth. What we've heard from you hasn't altered my view, and given who you are, its probably increased my belief in Regency's partner.

A few months ago, I approached a company who have a rival technology and asked what they thought of the DNi process. This company to my surprise, gave an answer which enabled me to put a few informed questions to both Regency and Direct Nickel. Russell Debney has nothing but impressed me with anything I've put to him.... In fact, even going out of his way to a follow a point up to give me a thorough answer. He actively encourages anyone to contact him with any question they may have....

If we take a look at the latest article on Direct Nickel...

http://www.miningnews.net/storyview.asp?storyid=2490136

Direct Nickel have a JV with Regency Mines, where they are drilling Mambare together... Mambare was compared to Vale's Onca Puma deposit back in 2008 by Jan Francke.

Direct Nickel have a JV arranged in Indonesia which we should hear more about once they list.

Direct Nickel have an arrangement with Horizonte Minerals/TECK to provide the processing solution for their Brazilian deposit.

Direct Nickel are testing the process on two African laterite deposits...

Does this really look like a company with any doubt in it's process? I think not.

Gentlemen
What we are witnessing here is a lot of desperate shareholders in both RGM and RRR trying in vain to ramp up the share prices of companies which are perceived by the smart end of town to be mismanaged and now loaded with crippling debt at exhorbitant interest rates.

Put simply both RGM and RRR might not survive given the holding costs on so many projects without yet any sustainable cash flow because without any idea at all of El Limon total costs it is impossible to gauge if profitable. The usual Andrew Bell secrecy and selective reporting.

The discussion as to the viability of the DNi process could go on ad infinitum and achieve no meaningful outcome - claim versus counter claim when at the end of the day the market will determine if it will fly. Thus far the continually delayed reverse takeover of an ASX shell by DNi is not signalling to me there is any investment appetite for DNi in the present international financial meltdown so you would all be wise to concentrate on more important things than become bogged down in a discussion on a company in which RGM only owns a mere 7% anyway.
My objective is to remove Andrew Bell and all his bootlickers from the boards of both RGM and RRR and reinvigorate the companies -if it is not too late - with competent directors who report to shareholders in an open and transparent manner who do not make misrepresentations in announcments to AIM and who can add value to the assets I single handed put in place -not destroy value as we are witnessing under the inept mangement of Andrew Bell.

The same goes for Migori - develop it in the proper manner as other companies like Aviva do in Kenya - "use it or lose it" or face the prospect of foreiture. We have already expended millions of dollars of shareholders funds with in excess of 20,000 metres of drilling without a single assay and the Andrew Bell 'fan club' does not raise a single voice in protest.

:bash:Where are your brains and your gonats !!

:ohno::banana::lol:

Ken ,what is your take on the Bundarra project?



Aviva Corporation (ASX: AVA) continues to return encouraging gold hits in West Kenya with follow up drilling on the Bushiangala and Kimingini Prospects returning highlights of 7 metres at 8.29 grams per tonne (g/t) of gold from 98 metres and 9 metres at 12.71g/t from 139 metres, respectively.

Other highlights from Bushiangala include 17 metres at 7.20g/t gold from 25 metres.

The results support and build on the previous positive gold strikes of 5.6 metres at 3.73g/t gold from 44.4 metres at the Bushiangala Prospect announced by Aviva in August.

These latest intercepts are particularly encouraging as they suggest at least a 350 metre strike length of high grade intercepts in a sub vertical north to north-west trending corridor. The system appears open along strike and at depth.

The company has also received promising initial reconnaissance drilling results from the Bukura and Shitole prospects in the Kakamega Gold Camp.

Significant intersections include 57 metres at 0.67g/t gold from 49 metres at Bukura and 7 metres at 2.23g/t from 53 metres at Shitole.

Results have now been received from 32 of the 37 reverse circulation holes and 22 of the 31 diamond holes drilled in Kakamega Camp.

A total of 4,400 metres has been drilled in the Kakamega area. Total metres drilled to date on the joint venture area as a whole stands at 10,799 metres.

Reverse circulation drilling proved technically challenging in the Kakamega area where variable, deep weathering and deeper than expected mine workings led to a number of holes being abandoned prior to reaching targeted depth.

While this is encouraging for the gold endowment at Kakamega the reverse circulation rig was moved to the Lake Zone and drilling continues at Kakamega with two diamond drill rigs.

The bulk of the reverse circulation drilling campaign in the Lake Zone has now been completed for the year and the final results of the drilling, auger surveys and ground geophysics will be compiled to target further work next year.

A small reverse circulation/diamond drilling program will test down dip, along strike extensions to the Masumbi prospect.

An initial resource from the Kakamega Camp remains on target for the first half of 2012.
Chief executive Lindsay Reed told Proactive Investors today the maiden gold resource is likely to come from the Bushiangala Prospect or Masumbi in the Lake Zone.
Drilling will continue until around mid-December in the Kakamega area.


West Kenya JV

In July 2010 Aviva and AfriOre International, a Lonmin (LSE: LMI) subsidiary, signed a joint venture agreement under which Aviva can earn up to 75% of the West Kenya project through expenditure and completion of a Prefeasibility Study on any project on the licences demonstrating a pre-tax net present value of A$50 million.

Late last month Aviva announced it had earned a 51% interest in the joint venture in just over a year by meeting its obligation to spend US$3 million over three years.

Reed said at the time, “To achieve the expenditure in a little over 12 months is indicative of the outstanding results achieved to date and the prospectivity of the licenses.”

Reed told Proactive Investors the earn-in was achieved quickly because there are so many prospects on the license area ready for drill testing.

The company continues to meet milestones at pace on the project. In early September, within just eight months of the commencement of drilling, Aviva announced an initial Inferred JORC Resource of 1.68 million tonnes at 4% copper equivalent at the Bumbo base metal deposit.

Results are coming through for the most recent drilling campaign at Bumbo and an update will be released next week.

Metallurgical test work on two diamond cores is underway and will form the basis of a high level Scoping Study.

http://www.proactiveinvestors.com.au/companies/news/21538/aviva-corporation-on-track-for-maiden-gold-resource-at-kakamega-in-west-kenya-in-first-half-of-2012--21538.html

Hi Paul,

I secured Bundarra for Regency as part of the original portfolio upon which we floated the company. I prospected it extensively and have a lot of photos of potential small mineable copper lodes - but thus far exploration has not delineated anything exciting.

Bundarra has potential but is not perceived by the market as a robust copper play and in the present circumstances I assume RGM is just doing sufficient work to keep the property in good standing. It certainly does not have the funds to carry out a serious exploration program.

The problem is RGM has hocked all its RRR stock -has to now service those loans and has so many shares on issue further equity raisings to pay off loans will dilute the capital even further and further depress the RGM stock price. One way out of the situation would be sale of Ascot - Oracle stock and other investments but that will become increasingly difficult if markets completely tank as I expect given the sovereign debt crisis engulfing the world.

RGM will also have to relinquish most of its WA tenements too as the company will not have sufficient funds to meet minimum expenditure commitments.

Then there is RSL - with $70,000 in the bank which RRR will have to prop up unless there are brave high net worth investors who still have faith in U or REE and it can make small placements at about 2c a share !!

I have recommeded for years now RSL switch to gold - a nice ASX listed entity which we could fire up quickly - nice tight capital -but Andrew Bell is determined not to waver on U and REE so as the water comes over the bridge with the captain holding fast to the tiller come what may it will be interesting to see what saves yet another sinking ship in Captain Bells Armada :nuts:

RSL would make a great corporate vehicle to mine the MK lode -cash flow and a future for Kenya with a real practical mining company- like Aviva- instead of the ludicrous situation we are witnessing with RRR :lol:

Hi Ken

The only thing that I would have concerns about regarding Aviva is their Shitole prospect.

Ken,
Please tell me more about this MK lode.
Thanks
LTD

In summary, the problems previous "we have cracked the laterite code companies"have had stemmed from companies cutting corners to build quicker and cheaper and paying the penalty when things don't work 'smoothly'.

Dni/CSIRO have been at it for 10 years now and have only just started crowing about their process after the phase 2 "no red flags" success.

In other words expect the new test plant to be in operation for years to come even after the 100 day, 1 ton a day tests are completed this Summer.

The MK lode is a very high grade overall resource of about 60,000 ozs from which a trial crosscut in 1989 mined 1500 tonnes for 900 ozs of gold averaging about 18g/t to gravity. In effect for a very small capital outlay RRR could be producing gold. Instead Andrew Bell surrounds himself with nong nongs who would not know gold if they fell over it and prefers to focus on metallurgically complex tailings that will NEVER be developed as long as his ----- points to the ground. :ohno:

You are like a broken record - promoting a company with such brilliant technology that it had to turn to RGM in a convoluted share transaction to fund its share of exploration at Mambare. Now its investment in RGM is worth the princely sum of about $500,000 with RGM down another 10% today in London.

If the DNi technology was so crash hot why is it not attracting substantial instititutional support and why is the RGM share price on a continuing path to oblivion !! :bash:

The MK lode is a very high grade overall resource of about 60,000 ozs from which a trial crosscut in 1989 mined 1500 tonnes for 900 ozs of gold averaging about 18g/t to gravity. In effect for a very small capital outlay RRR could be producing gold.

Ken got anything you could copy and paste to back this statement up?

Regency Mines Inteview November 2011
November 7th, 2011 · No Comments

Regency Mines: Taking a closer look at Mambare and Direct Nickel with Andrew Bell

Everything seems to be coming together right now for Regency Mines (LON:RGM), who with 622million shares in issue has a current market cap approximating just£13million.

Maybe we are staring in disbelief rather than adopting a relaxed approach to research. Be that as it may, we can still see a potentially significant mismatch between Regency’s underlying value and its market capitalisation; particularly when one considers the recent news flow from Mambare and the company’s huge lateritic nickel project in the making.

So we went to see Andrew Bell at the company’s London office and put a few questions his way. You can here his thoughts and views on what the future holds for Regency Mines in this exclusive podcast interview.

http://miningmaven.podbean.com/2011/11/07/regency-mines-inteview-november-2011/

Paul

The information on MK is in the pdf file -the Hopkins report I sent you -chapter and verse. Cheers Ken

Andrew Bell is all spin and no substance - continually over promising and under delivering now the real brains of the oufit is not there to guide his strategies. :banana:

Austraken

You have not replied to post #70 as I asked and Vipassana also requested.

You make so many claims - your brains, your performance, your knowledge, your ideas - 100 % you everything - and here was something solid and specific we could ask - a test case really - and it was an obvious and relevant question: you were asking us to take it on your word, based on your having 'worked with many scientists' on the matter, that something was unlikely to work. We asked who, where, how - Tell us more!

And you respond by changing the subject and, obviously uncomfortable, say we could talk the pros and cons of the DNi technology for ever. But the question wasn't about DNi - it was about you, and your claim to authority that we should accept.

As I made clear this was a litmus test - and an opportunity for you to be specific and for you to show your strong credentials. And - unless you are still composing something - it looks much as if you are slithering away into the long grass to wait an opportunity to strike again - instead of manning up and answering the question.

WHICH scientists? WHICH institute or research department? HOW worked together? HOW long? On WHICH technologies? WHAT qualifications? WHAT knowledge? Your air of authority in this case claimed to rest on real authority - Prove that claim!

Because if you don't, all you claims to have found everything, all 100%, done everything, foreseen everything, been responsible for everything at RRR and RGM just look like more preposterous claims by a sad old blowhard!

My record speaks for itself and is indelibly etched into the history of RGM and RRR as the promoter of all the successful projects in RGM and RRR whilst Andrew Bell has been responsible for all the failures including a mine in Colombia for which he is on record with posters on the UK bulletin boards as being conned. Ask him about his Chile projects -that sure is a long and interesting story - about all the money we burned on a failed coal project in Indonesia and our worthless shareholding in an OTCBB coal company of which he was Chairman - which has disappeared - the millions wasted on the Zambian manganese fiasco - the Zimbabwe pegging that came to naught -the Mongolian gold adventure -the Mozambique rush of blood - his Madagascar investment -the West African manganese debacle -not to mention our worthless shareholding in Goliath with copper in Zambia ----all of which never gets a mention in our Annual Reports - so many failures I can't recall them all -a list longer than your arm -with more now in the melting pot -

Then there are other matters I will refrain from posting on this board - don't tempt me -rather give me your email address -

I worked with top scientists who had deals with BHP on lateritic processes which are confidential as well as others in WA -all of the processes have not seen the light of day and neither will DNi in my opinion given the huge surpluses of nickel that are building up as the international economy lurches into recession/depression.

So go bite your tail puppy dog ------ keep supporting the inept management at RRR and you will deserve to be left with what evolves in due course. Incidentally any time you are in Perth lets meet and you can get the unabridged version of RGM and RRR -straight from Mr Horses mouth Mr Bulldog. :bash:

So Austraken.........no answer! All too deeply confidential, eh?

No, i'm afraid abusing others doesn't get you off the hook. Same questions: answer please!

Sorry Ken I cant find it,are you sure it exists?

60,000 ozs at 18g/t shouldn't be differcult to find if it is really there.

Any chance of you copying and pasting it over here for all the SSC Kenyan readers to take a view,only the 60,000ozs at 18g/t bit, not the whole report ,obviously.

Cheers

Paul :dunno::?:dunno:

Paul,

The MK structure is variously described throughout the report. It is on average about 2.5 metres in width open to the west and at depth.

It has anything between 1.45 million tonnes @ 2.32 g/t for 108,000 ozs to 211,000 tonnes @ 9.3 g/t for 63,000 ozs. I did not say the average grade was 18g/t - I referred to the fact that in 1989 approx 1500 tonnes was mined for recovery of 900 ozs at an average grade of approx 18g/t.

If the trial mining gave a recovered grade of 18g/t to GRAVITY it is reasonable to assume in that area alone a small mining operation could recover most of the 60,000 ozs at a high grade of 9-10 g/t with a very low cost gravity plant costing no more than $500,000 -approx $102 million in gold -which the pigheaded -obstinate CEO of RRR can't get thru his thick head !!

The host rock is a soft friable material easily mined -not drill and blast -and I could put a small open pit in there in five minutes flat and RRR would be in substantial cash flow and the local community would also benefit.

RRR should not be sitting on this rich resource at the whim of Andrew Bell simply because he either can't comprehend the potential or is too obstinate to do something about it because Ken Watson suggested it in the first place.

I am trying to get the MP's contact details at Migori. ^^



Geological consultants, Mackay and Schnellmann Limited were commissioned to
oversee the exploration activity. After this prospecting programme the whole licensed
area, aided materially by the mapping of R.M. Shackleton of British Overseas
Geological Surveys (latter name of the organization from 1937-41) a suite of surface
gold showings including a number of prospects for diamond drill testing were selected.
The MK discovery gave the best results and 39 angled diamond drill holes were drilled
into the MK structures. The main system 1-5m wide produced spectacular values in
places. St Barbara then developed a cross-cut from the valley floor and drifted for
100m. Some 1,500 tonnes of development mineralization was mined and treated in an
on-site stamp-mill. This produced 900 ounces of gold in 1990 which was sold to defray
expenses. St Barbara could not raise funds to proceed in 1991. On the Migori properties
over 3.5 years they spent approximately £1.5 million sterling. The tenements reverted to
the original Kenyan owners in about 1994 after some contractual disputes.

Paul,

Herewith further data on the MK structure from the Hopkins report.

I am making submissions to Ministry of Mines in Kenya.

B .MK ZONE
This zone was discovered at outcrop by St Barbara Mines in 1989, from
mineralised siliceous felsitic porphyry of 2.5m width, striking WNW-ESE
over approximately 700 meters. Following mapping and trenching it was
diamond drilled, mostly BQ size in 39 angled holes, along fences of 2-3
holes co-incident with the best observed surface values over the eastern 250
metres of strike, except for sporadic single angled holes along the western
extensions. Some of these holes reached 90 metres vertically. St Barbara
completed some test mining.
They drove an adit cross-cut some 25 metres below outcrop from an
adjacent valley, intersected the mineralized porphyry after approximately 50
meters and drifted along the porphyry for 100 metres in mineralization
generally seen as visible gold in fine fracturing within the porphyry. The
development material was subsequently treated in a hammer-mill. 1,500
48
48
tonnes of development material produced 900 ounces of gold. The company
then ran out of funds and abandoned the venture
Auvista Minerals of Australia succeeded to the property in 1995. The
drilling results from the 250 meters eastern section were treated by both
statistical and sectional methods and were re-examined by Kansai
professionals. It was determined that the Auvista figures were sound at
205,000 tonnes with a grade of 9-10 gms/t Au for gold content of 60,000
ounces. The drilling was close- spaced enough to demonstrate continuity of
mineralization as it was confined to a short-strike length.
In 2004 Kansai undertook renewed drilling at the MK Zone. It extended the
western strike extent by 200 metres and intersected mineralization, below
100 metres vertically. The continuity of mineralization remains, though the
overall block grades along certain sections are variable demonstrating the
apparent presence of high-grade shoots.
Using Micromine an indicated mineral resource figure of 1.45 m tonnes
at 2.32 gm/t Au (at a cut-off grade of 0.25 gAu/t/) resulted in an
estimated 108,000 ounces of gold.

And the schedule -

MK is twice as easy to mine as El Limon - a much higher recovered grade at cash costs but a fraction of El Limon ---becuase there is noone at RRR who know the first thing about gold.

Auvista Resource Statement at 0.75 g/t cut-off
Measured Indicated Inferred
Tonnes
(m)
Grade
g/t Au
Ounces Tonnes
(m)
Grade
g/t Au
Ounces Tonnes
(m)
Grade
g/t/Au
Ounces
KKM 4.811 1.99 307,850
Goria
Maria
1.112 2.10 75,100
Nyanza* 0.094 9.37 28.300 0.160 5.19 26,700
MK 0.211 9.30 63,000
Macalder
Tailings
Sulphide 1,000 1.80 57,900
Calcines 0.114 2.50 9150
TOTALS 0.114 2.50 9150 6.116 2.32 457,000 1.272 2.49 101,800
Grand Total 7,502,000 tonnes @ 2.35 g/t Au for 568,000 oz. Au
* Note* See Nyanza note overleaf:banana:

Bulldog

What is your understanding about the lack of drilling results in Kenya after 20,000 metres of drilling.Like Dr H.K.I havent had a shave myself since the Kenyan drilling program started,and I dont plan to until the assays results come out.So it looks like I may also be tripping over my own beard at this rate as I noticed Kenya was not included in ABs interview under"things about to happen."Even Greenland trumped Kenya and that isnt happening until next summer.

And what do you think about RRR giving Kens gravity idea a chance?Or is it FLOORED?:banana2::banana2::banana2:LOL

Ken

Has your gravity process, passed any independent testing?

Gravity plants have been around for about 150 years - scrubber- trommel -jigs -concentrators - and hey presto GOLD !! No need for me to prove the concept -my great grandfathers did that splendidly. The interent has much information on gravity processing and gravity circuits are in every modern CIP plant using Knelson type concentrators.

Late here -time for bed. :nuts:

Goodnight Ken.

Hi Rev

Gravity is used for alluvial deposits, or as they are sometimes called placer deposits. That is not surprising, as the physical principles by which a jig and gravity circuit work are roughly the same as those by which gold was deposited in a placer deposit in the first place. What can be deposited in say the bend of a river by perturbations of the water and the differential action of gravity on objects of different mass - can also be extracted in the same way by a gravity circuit!

This is a special case. In other cases gravity will extract little or virtually none of the gold: for example in most hard rock mining.

Otherwise we would see artisanal miners using simple gravity tables! But we don't! We see them using mercury to form an amalgam - at terrible long-term risk to themselves and to the environment (mercury is an accumulative poison, and it's fumes are highly toxic). Even then they probably do not extract more than 50% of the gold.

Thanks Bulldog

Now can you answer this part of the question as well please.

Bulldog

What is your understanding about the lack of drilling results in Kenya after 20,000 metres of drilling.Like Dr H.K.I havent had a shave myself since the Kenyan drilling program started,and I dont plan to until the assays results come out.So it looks like I may also be tripping over my own beard at this rate as I noticed Kenya was not included in ABs interview under"things about to happen."Even Greenland trumped Kenya and that isnt happening until next summer.

Also I see the MK info quoted by Austraken was referring to a mill. Stamp mill, hammer mill, ball mill, other mills........this tells us rock was ground, as it would always be. It does NOT tell us how the gold was extracted from the ground material - whether gravity, flotation, cyanide..........

Maybe he has that info? But no evidence here.......

We all know RR has drilled 20,000 to 30,000m. Not bad in a couple of years on the job. As they said they were drilling to get a new "Resource" figure, they wouldn't announce till they'd got it. Would they? If a company is doing pure exploration, then you expect them to announce if they hit anything. But as RR has a resource calculated (over 1m oz I recall) already by other explorers, that means holes have been drilled on 100m by 100m squares - or 200 by 100m oblongs - or whatever it is. Some specialist firm has calculated based on the gold "intersections" in those holes how much gold " probably" is between them. So if RR are redrilling then they are probably drilling BETWEEN those holes - in an area where the resource has already been calculated - so they EXPECT to find gold and are just increasing certainty. No company announces those holes - that would be adding nothing, just reannouncing. But at the end the resource would be declared as a new resource - probably either higher grade, or increased resource, or raised from "Inferred" to " Indicated" or "Proven".

To my mind what RR is doing is appropriate for THIS STAGE of exploration and encouragingly professional. No overhyping the story. Just good solid expensive exploration.

We will see soon.

Thanks Bulldog,

To be honest I dont know what to think at the moment,Ken keeps saying what a load of shit RR is ,apart from the assets he introduced to the company from when he was a director.But to counter balance Ken's bias there is Dr H.K. who seems to have a pretty good handle on the technical side of the DNi process,(which you would expect seeing as he is a nuclear scientist )and he keeps telling me how much of a game changer this new technology is going to be.

On top of all this AB is now describing Oracle as a wildcard!!!!My anxiety levels re. Oracle were already sky high due to the fact that the DFS is running nearly 6 months behind and that was before the Wildcard comment.

Why do you think it has been delayed for so long?

Maybe the problem is that burning coal is highly pollutive?

Bulldog, what is your take on Oracle,has it got a future?

Paul, it doesn't have to be polluting.

Mining and drying lignite will produce some fossil carbon but burning it (which is kind of the main reason for mining it) produces a great deal.

However around 80%-90% of the carbon can be captured.

There is some question as to what you do with the carbon once you’ve captured it. The current thinking is liquefy it and pump it into old oil wells where the pressure will keep it liquid.

Other ideas include.

Dissolution' injects CO2 by ship or pipeline into the ocean water column at depths of 1000 – 3000 m, forming an upward-plume, and the CO2 subsequently dissolves in seawater.

And one of my favourites is,

Use a chemical reaction to combine CO2 with a carbonate mineral (such as limestone) to form bicarbonate(s), for example: CO2 + CaCO3 + H2O → Ca(HCO3)2(aq). However, the aqueous bicarbonate solution must not be allowed to dry out, or else the reaction will reverse.

A friend of mine works for a company called carbon8 http://www.agg-net.com/news/carbon8-achieve-a-world-first . They turn ash from waste incinerators into an artificial limestone which can then be used in concrete blocks as an aggregate. To make it they buy in CO2 but in future, they could chuck the process on to coal or gas power station flues to absorb the CO2 at source but they are a recent start up (University of Greenwich spinoff) and are some distance away from that.

Natural processes

Higher CO2 levels lead to faster plant growth. If this dies and is deposited in the right conditions (under water with no oxygen I think), it doesn’t degrade and hence the carbon is captured (and given a few tens or hundreds of millions of years and the right geology, will turn into coal or oil). Higher CO2 levels may also lead to higher levels of plankton which produce skeletons of calcium carbonate (which is essentially limestone) which after death drops to the sea floor and eventually may form limestone deposits(e.g. chalk cliffs, Bath stone, Cotswold stone etc). The calcium carbonate is formed from calcium in the seawater and atmospheric CO2. Similarly coral is also deposited calcium carbonate. Peat is a massive carbon sink which is sadly being used as a pretty low grade fuel and being chucked into plant pots where it degrades releasing its carbon.


Here is how they are planning to deal with the carbon they catch at a new plant in Poland.Another country Kenny has probably never been to.

http://www.zeroemissionsplatform.eu/projects/eu-projects/xdetails/4.html?mn=3


:cheers2::cheers2::cheers2:CARBON CATCHING:cheers2::cheers2::cheers2:

Bulldog knows exactly nothing about gold - do your own research.

The ore at MK has almost all the gold REPORTING TO GRAVITY as do many ores in WA -up to 90% gravity recoverable gold. See Doray for instance the Wilbur lode near Meekatharra. Or study the Gekko site who sell hundreds of millions of dollars of gravity equipment into Africa.

All that is required at MK is a simple crusher added to a gravity circuit to recover all the gold. Mercury is not required to smelt the gold from the concentrates. These days there are many environmentally safe methods including the Gekko processes. See Lion Gold of Singapore who just took over Signature Metals and the SA equipment makers who have environmentally safe gold recovery methods.

The ore from MK was simply crushed in a crude hammer mill and they recovered 18g/t to gravity probably through a jig and over a gemini table or similar simple gold recovery piece of equipment. They had no cyanide processing plant -full stop. It was recovered by GRAVITY.

Bulldog you are a sick puppy -full of f---g bullshit spreading misinformation like your Master -the con artist -

Paul -if you and others won't do your own research on gravity recoverable gold from ores as distinct from alluvials I can't help you any more. It is all on the internet to prove Bulldog is talking horse shit and hasn't a clue what he is talking about.

And the so called nuclear scientist can't even spell the word flaws - floors indeed !! :banana::ohno:

Ken

I plan to research gravity recoverable gold some more over the weekend,but in fairness to Dr HK ,English isn't his mother tongue.

It isn't right to make jokes about someone who has worked hard to learn our language .So for that reason, Dr Hiroshi A Kokaji I am very sorry for any previous posts I may have made, that may have offended you.

Very sorry's,

The Reverend Paul Whicker

Contrary to the totally misinformed comments by Bulldog on the Migori project.

1. EVERY listed company of which I am aware report drilling results and assays in resource definition of projects with historical gold resources. This is especially significant where in excess of 25,000 metres has been drilled WITHOUT A SINGLE ASSAY RESULT. I challenge you to name one single company proceeding in the manner to which Bulldog alludes.

2. The way RRR are proceeding is highly IRREGULAR - it is highly UNUSUAL -it is UNETHICAL -and it contravenes most stock exchanges continuous disclosure rules. I have brought this up with the Nomad.

3. It is very UNPROFESSIONAL - and defies every normal operational principle of a listed explorer.

Paul -it is crystal clear the lack of reporting signals thus far Migori drilling has hit NOTHING -there is no defined economic MINEABLE resource yet - there are no majors lined up to JV and Andrew Bell after the Kenya conference will slink away with his stooges like Bulldog and because RRR is running out of money Migori will fade into the history books of RRR as all other projects Andrew Bell has mismanaged and he will be off chasing more birds in Africa without ever getting one in the cage.

:bash::banana::lol::nuts::ohno:^^

Post 89 - "I could put a small open pit in there" - Austraken, are you sure you are technically capable? One hears there were mixed reports of Resource Gold (your private company)'s performance.

Ken"the lack of reporting signals thus far Migori drilling has hit NOTHING -"

Ken how can this be possible if they are re-drilling and infill drilling in areas that have already been drilled before?

Resource Gold is a successful gold producer about to sign up a substantial new JV on another large gold project. Professional - experienced - practical hands on company which has several hundred years combined experience in open pit and underground mining.

:cheers:

The exploration program RRR has thus far conducted obviously has not intersected any robust gold grades or they would have been rushing to market with announcements. It is best now you await the next exciting chapter - no point in further discussion until Andrew Bell either delivers good results or nothing of economic significance -which is exactly the scenario I expect.

Over the past 18 months every time I questioned the integrity of the RRR program in Kenya it has always been the same response - over and over again -" Everything is okay:banana: Ken "

The chickens will come home to roost soon - he can't keep up the bullshit forever.

Ken"or nothing of economic significance -which is exactly the scenario I expect."


Ken are you saying that the 60,000 ozs at 18g/t doesnt really exist?

Post 106: so Resource Gold has NO CURRENT business - just hopes? - when its business is treating gold - in the middle of the biggest gold boom since Forever in the 2nd or 3 rd biggest gold mining country in the world? Could explain the occasional air of desperation trying to drum up business in Kenya.

But if the your own countrymen aren't biting, why should Africans?

All we get on this thread from you is pomposity, malice, bluster, bad language, and b.s. I've had enough. Bulldog is leaving the room. Sorry to the rest of you.

Don't leave the room Bulldog because you have been outclassed by a better and more tenacious fighting dog that has torn you to ribbons you gutless wonder.

Resource Gold has processed four mill sites and produced millions of dollars worth of gold since its formation only 3 years ago and has just finished the last project prior to movinbg plant to the next venture. Everyone who is anyone at all except a dickhead like you knows that and RGL is on track to be a major gold producer with overwhelming support from every quarter of the industry. F---k off asshole- :bash:

You are terribly confused - noone is saying the present inferred resource does not exist - what I am saying is it is not economically mineable and unlikely it will become a mineable resource because unlikely RRR have discovered anything to revise the historical resource. I have had enough too of trying to educate people who know nothing about gold -see you all later - let history be our judge as this discussion has gone completely off the rails. Bye :ohno:

Of course the MK lode exists -the problem is the idiot who heads up RRR will never mine it as distinct from trying to be a big banana and come up with millions of ozs. A common disease with London based wankers who know nothing about gold production - I rest my case Bye Bye :cheers:

Ha Ha - The mighty El Limon mine which cost shareholders of RRR a packet is producing 6000 ozs a year -what a joke !!

:lol:

Reading this thread it's difficult to make a judgement on RRR or RGL. RRR projects have historical credibility at El Limon and starting up old underground mines does take time as Ascot and Angle Mining have found. Migori sites are a part of a recognised goldfield but this has not been progressed commercially by Kansai or RRR ..economincs/Local Politics and what's up with the Kansai deal anyway..no news. There is also little information on RGL projects to support Ken's view. Is this just a battle of old work colleagues? All quite bizarre...any answers Bulldog/Ken as I assume you know each other.

High hopes in Kwale as mining giants get down to business

http://www.nation.co.ke/image/view/-/1270086/medRes/309019/-/maxw/600/-/10oaxah/-/road.jpg
Base Titanium workers at Maumba, Kwale, where the mining firm is constructing a dam to provide water for
processing the mineral. Photo/GIDEON MAUNDU


By GITHUA KIHARA
Posted Thursday, November 10 2011
Kwale, one of Kenya’s poorest counties, is sitting on mineral wealth worth billions of shillings. And now with plans for the commercial exploitation of titanium, niobium and rare earths, there is optimism that the fortunes of the county and its people will get a huge boost.

Experts say the combined value of the minerals is nearly Sh350 billion.

After 17 years of protests, inquiries and reports, the stage is finally set for titanium mining by an Australian company. And two South African firms have been given the greenlight to explore for niobium and rare earths in the region. For titanium, all government approvals have been granted and the building work will begin this month, according to officials of the mining firm, Base Titanium Ltd.

It will take close to two years to complete the buildings, a dam and access roads and once that is done, mining and processing will start immediately thereafter – around August 2013, according to Base Titanium general manager Joe Schwarz. Base Titanium early this year finished updating a feasibility study carried out five years ago by former mine owners Tiomin Kenya, paving the way for work to start.

The mining is expected to last for 13 years, during which time gross sales are expected to be around Sh130 billion, yielding an estimated net present value of Sh39.5 billion, said Mr Schwarz.

Payable royalty

The total royalty payable is 2.5 percent of gross sales value, Mr Schwarz said. It will be shared by central government and the county government

“The project will directly employ about 350 people, but total employment during the construction period could peak at close to 1,000. The value of the project to the national economy is significant. It will almost treble the value of mineral exports from Kenya,” Mr Schwarz said.

Base Titanium, an Australian mining company, bought the mines from Tiomin Kenya, a subsidiary of Vaaldiam Mining of Canada (formerly Tiomin Resources) last year. Tiomin Kenya was first granted exploration rights in 1996.

But clearance for the project has been long and difficult, with Tiomin having invested around Sh3.6 billion by last year when the mines were acquired by Base Titanium. “Mining requires investing large sums of risk capital in exploration and sometimes there are no guaranteed returns,” Mr Schwarz said.

In Kenya, Tiomin faced a lot of unforeseen hurdles, which have now been overcome. “It has been a steep learning curve for us all,” he added. In 2006, the firm had secured the necessary funding but could not start mining since land acquisition issues had not been resolved.

The debt finance package was withdrawn when access to the land was denied. The firm has since spent Sh600 million on resettlement programmes.
“The Government recognises the importance of this project and has been very supportive. All necessary approvals and transfers were completed in a short space of time, enabling the transaction to be settled very quickly so Base can proceed immediately,” Mr Schwarz continued.

The company had secured all the necessary funding. The capital cost estimate is Sh25.6 billion, with Sh17 billion of it borrowed, supplemented by an equity capital raising of a similar proportion. Geologists say that the mining of the titanium was unlikely to harm the residents since the minerals existed naturally in the soil and the rocks.

“The land is leased to the company under a Special Mining Lease. Once mining is completed, the infrastructure will be removed and the land rehabilitated according to international standards,” said Mr Schwarz, adding that the Government would decide on the use to which the land would be put, which could be agriculture, forestry or settlement.

However, some residents have grown impatient with the slow progress made before the mining starts. The former MP for Msambweni, Mr Abdalla Ngozi, said Base Titanium had taken an inordinately long time and that company officials had not been keen on informing residents about their progress. “We have yet to see any serious activities on the ground,” Mr Ngozi said.

Elsewhere in the county, two South African firms are currently prospecting for niobium and rare earths, first explored in the area in 1950s. Niobium is used in strengthening steel for spacecraft parts, and for making water and sewerage pipes due to its resistance to corrosion, while rare earth oxides are used in high-tech electronics products such as nuclear batteries, laser repeaters, superconductors and miniature magnets.

A chronic global shortage of rare earths has triggered an increase in mining after China, estimated to account for 97 percent of the world’s rare earth supplies, tightened trade in them. A truce between the local community and the two South African mining firms — Cortec Mining and Pacific Wildcat —was reached recently, paving the way for full exploration of a site believed to have the potential to earn the country Sh270 billion.

Source: http://www.nation.co.ke/Counties/High+hopes+in+Kwale+as+mining+giants+get+down+to+business/-/1107872/1270066/-/item/1/-/jobkhz/-/index.html

For those of you who banned me on LSE and III for simply telling the TRUTH about RGM and RRR management you had better listen and listen but good. I am NOT I repeat a bitter ex employee -a nut case or a looney as inferred - I am a very angry original founder of both Regency and Red Rock who is appalled at the inept management at the helm of what were vibrant and fast growing companies whilst I was the Managing Director - now on the fast track to oblivion loaded up with debt at crippling interest rates and not one profitable asset including Colombia. If Colombia is profitable AFTER total operating costs - partner distributions -royalties and other disbursements then it is simple -have Andrew Bell spell out the situation as do all other gold producers instead of one liner RNS announcements.

I have my personal issues with Andrew Bell but the directors of both RGM and RRR are also responsible for announcements to AIM and the conduct of Andrew Bell and if any of you think I will resile from a legal fight if that eventuates then bring it on because then the things I can't post on this BBB can be aired.

One person and one person only can stop this right now - Andrew Bell. All he has to do is be transparent - report accurately to AIM and not misrepresent facts (like 2 shovels at Colombia and not 3 as reported without a retraction ) declare his correct RGM shareholding - honour agreements he entered into with us here in WA in April to provide $ 500,000 in funds for coal exploration - satisfy some long standing comittments he has to a founding shareholder of RGM - a serious issue. I suggest you all shut up and stop attacking me before I really tip the f---g bucket. I am 74 and don't give a monkeys arse what you think -Everyone here in WA knows me for a straight shooting - fair - honest and fair dinkum individual and you all should start asking Andrew Bell the hard questions. Long standing supporters of Andrew Bell -even Chopper Fried lol are deserting him in droves and approaching me to save the companies. I can run rings around Andrew Bell who strutted around London taking the credit for all the deals I put into place not once letting people know it was I who pulled off every successful deal.

Stay:bash: tuned -

From a prominent LSE poster -

What puzzles me is why none of this information, which as you say is normally reported by all other gold production companies (even Ascot has published their flowsheet and some vein layout information!), is being given. Not one piece! Why is Andrew Bell keeping this information a secret from us? it really is baffling.

Kenya will issue its first ever gold mining lease on Tuesday, opening the way for commercial exploitation of the precious metal whose price has peaked in recent weeks after turbulence rocked global financial markets.




Goldplat — gold dealer listed at the London Stock Exchange — will be awarded the lease to exploit the large gold deposits in the Lolgorien area of Narok County, according to sources at the Mines and Geology Department. (READ: Kenya eyes billions in gold revenue from Narok mines (http://www.businessdailyafrica.com/Kenya+eyes+billions+in+gold+revenue+from+Narok+mines/-/539552/1217462/-/14hp0fe/-/index.html))

“All objections that had been raised have been resolved and we expect that a commercial mining lease will be awarded to Goldplat in the next week, probably on Tuesday,” said the senior official at the department who sought anonymity on the strength that the announcement will be done by the Permanent Secretary.

Legally, it is the department that is mandated to issue the mining lease but government protocol has it that only the Ministry of Natural Resources PS would formally notify the public.

Mr Moses Masibo, the acting Commissioner of Mines, declined to comment on the licensing process but said the Permanent Secretary will make a “big announcement next week”.

The award of the licence will give Kenya a larger foothold of the international gold market that it has in the past decades fed through small-scale mining. The value of gold from the Kilimapesa mines could top Sh60 billion a year in foreign currency at the prevailing prices or more if the surge in gold prices continues, placing the metal among the top revenue earners.

The government would earn four per cent of the value of each export consignment in the form of royalties, in addition to corporate tax that is tied to the profit that Goldplat would make.

Environment and Natural Resources PS Ali Mohammed, told the Business Daily last month that the cabinet had approved a benefit sharing arrangement that would influence how minerals will be shared. The deal could come in handy for the local currency, which lost more 20 per cent to the dollar since January to trade at Sh97.
Last year, Kenya earned Sh6.2 billion from the sale of two tonnes of gold, three times higher than the year before, an indication of the how fast the commodity is gaining prominence as an export commodity.
Sharp increases in the price of gold since last year have heightened exploration activities in areas such Turkana, Samburu and Kitui.
Goldplat chief executive, Demetri Manolis, told investors in July that the firm, which has been prospecting in Kenya for more than a decade, was headed for its first sale of the precious commodity.

Gold traded in the global market at a record Sh6 million a kilogramme ($1800 an ounce), more than 60 per cent and about 30 per cent higher than January 2010 and January 2011 respectively. It remains to be seen if Kenya would escape the resource curse that has seen a number of African countries including Zambia, Tanzania and the Democratic Republic of Congo miss out on the record mineral prices.

This has been due to the firms enjoying high tax subsidies and the avoidance of paying taxes and royalties through under declaration of minerals.
http://www.businessdailyafrica.com/Corporate+News/Kenya+to+award+first+gold+mining+licence+next+week/-/539550/1271054/-/3q0hfez/-/index.html

so does anyone have an estimate of how large Kenya's gold reserves are? I read on East African that deposits in Migori could earn Kenya close to $670 million a year....

Why the RRR investment in JMS and Mt Ida will never fly -


http://media.aspermont.com.au/web_images/blank.gif
Dryblower tests the bite of the magnetite pincerhttp://media.aspermont.com.au/web_images/grey.gif
Monday, 14 November 2011

http://media.aspermont.com.au/images/dryblower_small.gif (http://www.miningnews.net/StoryView.asp?StoryID=2491841#)IT HAS been a rough week for Australia’s emerging magnetite iron ore producers but unless there is a dramatic change around the corner Dryblower fears there is worse to come.

The problem, which is not confined solely to the ambitious promoters of projects designed to convert low-grade iron ore into a high-grade export product, is that the two critical forces which control all forms of business are moving the wrong way.

Costs are rising. Prices are falling.

Nickel miners are feeling the same painful bite of the cost/price pincer, particularly the Canadian company trying to pick up where BHP Billiton left off at the Ravensthorpe nickel project.

First Quantum bought Ravensthorpe from BHP Billiton for around $350 million and has spent another $200 million re-fitting the plant, which, in theory, means it has a starting price miles below the estimated $3 billion capital cost confronting BHP Billiton when it quit.

The challenge for First Quantum is that while the capital cost is dramatically lower the nickel price and the Australian dollar have conspired to make life more difficult than originally expected.

The cash cost of producing nickel at Ravensthorpe is forecast to be around $US5 a pound. The price of nickel today is $US8.24/lb and while that looks like a reasonable margin there are costs on top of the cash cost, such as servicing debt, which will boost the true total cost.

Sometime in the next few months there will be a celebration to mark the re-start of Ravensthorpe (it’s been awfully quiet, so far), or the silence will continue because First Quantum might discover that it doesn’t have a lot to celebrate.

Iron ore is a different commodity to nickel but the business principles and pressures are the same, with price uncertainty caused by a modest slowdown in China and a crisis in Europe leading to gloomy forecasts for the future price of iron ore.

That’s why last week’s twin hits to the magnetite industry – Sino Iron cutting staff numbers, and Gindalbie suffering another construction delay at its Karara project – could not have come at a worse time.

From a private investor’s perspective, Sino’s setback is essentially in the same category as the problems at Ravensthorpe. Both cases involve companies not listed on the Australian stock exchange, which has minimised public interest.

Gindalbie is a different beast. It is ASX listed and has been much more open with its likely cost structure, with the latest corporate presentation declaring a total operating cash cost on the first stage (10 million tonnes a year) at between $A65 and $A68 a tonne. Stage two (16 million tonnes) sees economies of scale cut the cost estimate to $A55-60 a tonne.

At the current short-term (spot) iron ore price of around $US140/t, both cost estimates point to handsome future profits for Gindalbie and its partner, Chinese steel maker Anshan.

But what worries investors (and bankers) is that the global economic outlook is turning from cloudy to stormy, and while it might not become a full-blown cyclone there is a danger that Europe will drag the rest of the world into a prolonged period of slow growth.

That’s why last week’s latest Sino setback (the project is two years late and double its start-up budget) and Gindalbie’s latest “oops” moment, which is an additional three months on the project completion schedule caused by floods in Thailand, could not have come at a worse time.

First cash flow from Karara is now sometime after the September quarter of next year and while the capital cost of the project has not doubled like Sino’s, it is not far off, with the original $1.8 billion looking more like $3 billion (a 66% blow-out) after adding $430 million in working capital to the $2.57 billion in physical construction costs.

What becomes testing for an outsider looking into Gindalbie is that its cost estimates appear to be before royalty payments to the WA government and perhaps before the new mining super-tax being demanded by the federal government.

In other words, the full cost after all taxes and charges at Karara, could be somewhat (perhaps even significantly) higher than the first stage $A65-68 a tonne.

If that suggestion is correct then the upper cost estimate of stage one of Karara ($A68/t) starts to bump into the gloomiest of the iron ore price forecasts, $US75/t in 2015, from one of the world’s top investment banks, Goldman Sachs.

By now even the most strident supporter of Gindalbie (and the other magnetite hopefuls) can see the problem. Costs are rising as that $US75/t future gets ever closer, and every few months added to project completion squeezes the pincer a little tighter.

Until now, most comments about the magnetite miners has been about construction plans. From next year the talk will be about financial performance and whether the profits from magnetite mining justify the capital cost if, in fact, profits can be generated.

Running out of money !! Will have no money to progress Migori anyway -


Dated: 15 November 2011

Red Rock announces that YA Global Master SPV, Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC, has subscribed for 6,777,690 ordinary shares of 0.1 pence each ("Shares") in the Company under the terms of the Standby Equity Distribution Agreement ("SEDA") between Red Rock and YA Global, at a price of 4.6180924 pence per Share (the "Subscription"). The proceeds of the subscription are £313,000 after expenses, conditional on the Shares being admitted to trading on AIM. These are being applied towards reducing the Company's loan with YA Global Master SPV Ltd. announced on 2 March 2011, with the remainder being used for on-going working capital requirements.

Following the Subscription, the Company's total issued ordinary share capital will be 730,760,973 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 21 November 2011.:lol:

so does anyone have an estimate of how large Kenya's gold reserves are? I read on East African that deposits in Migori could earn Kenya close to $670 million a year....

Yeah that's Ksh. 60 B (About US $ 640 million at current rates)Est. for Kilimapesa-Migori. I should brace myself for a California style gold-rush in few years - Need a basin-container, net, vest and an axe.:hahaha:
More: Daily Nation (http://www.businessdailyafrica.com/Corporate+News/Kenya+to+award+first+gold+mining+licence+next+week/-/539550/1271054/-/3q0hfez/-/index.html).

Interesting....!

Stupid -brainless - clueless posters on III and LSE keep posting that RRR in carrying out in fill drilling at Migori firstly cannot and secondly are not obliged to report results in resource definition of historical resources -much of which was carried out years ago with inferior geological -geophysical methods to what is available today not to mention inferior drilling rigs and associated equipment. Investors who believe such utter nonsense need to check the myriad of listed companies around the world who are similarly conducting exploration on projects the subject of historical exploration -study their reports and ascertain for themselves the veracity of the nonsense being espoused by RRR management to justify their total lack of professional reporting on Migori.

Posters on LSE ands III are dumb parrots -pedalling the RRR management line NOT supported by any industry standard or normal reporting conventions in the international exploration fraternity. :banana::bash::ohno::nuts:

Date:Nov 18, 2011
Commodity:IODEX 62% Fe CFR North China
$/dmt = 147.50-148.50
Midpoint = 148.00
Change -0.50
%change -0.34

Daily iron ore price and commentary are updated at approximately 14.00 GMT (09.00 EST)

Jupiter's operating costs $62.78 per tonne.

Jupiter’s Chairman Mr Brian Gilbertson (former BHP MD)commented “The Mt Ida Magnetite Project has the potential to transform the Central Yilgarn into an important Australian iron ore province. The Pallinghurst Co investors
remain fully supportive of these initiatives."


Jupiter is well funded to deliver the Feasibility Studies on both Mt Ida and Mt Mason These projects broaden the foundation for Jupiter’s strategy to provide raw material feedstock for the production of steel.

Mt Ida, says the press release from 27th June, is now the company’s “flagship project” on the Yilgarn. And Brian Gilbertson’s not pulling his punches when he talks of the potential of Mt Ida either. It is, he says, emerging as “a world class magnetite project”. Andrew Bell notes that the words “world class” are banded around with slightly too much frequency at the junior end of the mining sector, but then points out that neither Gilbertson, nor Jupiter really, with its suite of international iron ore and manganese assets, are at the junior end of the market.

More than 150 specialists will assemble at the Crowne Plaza Hotel in Nairobi, Kenya, on November 17th and 18th to attend the Mining Business & Investment East Africa 2011 Conference to discuss business and investment opportunities in the fast emerging East African mining sector.

The two day event is the outcome of joint cooperation between the Kenyan Ministry of Environment and Mineral Resources, the Kenya Chamber of Mines and Prescon Ltd. (UK) and includes a high variety of relevant presentations, panel discussions, exhibition, and various networking breaks including lunches, a Gala dinner and a sponsored cocktail reception.

“This year’s conference is taking place at the right time for the East African mining industry. The MBI East Africa 2011 will be a great success, as we have the representation of high profile mining authorities and business players” said Mr Demsas Faloppa, CEO of Prescon Ltd. “There have been so many exciting developments in the region, including new mining regulations in Kenya and other countries in the region, new data about large mineral deposit, and most importantly an active effort on all levels to attract investment into the region’s mining sector.

We have a vision of creating a powerful, annual regional platform for East Africa’s mining industry here in Nairobi, and the MBI East Africa 2011 will give our clients and partners the ultimate opportunity to get first-hand information on the latest mining investment opportunities and regulations in the region, to network with colleagues and industry experts, and to learn more about starting a mining project in the region”.

MBI East Africa 2011 is designed to provide both investment companies and mining businesses with the tools they need to move their projects forward. The conference will be packed with multiple networking opportunities. “Our agendas are fresh, populated by industry experts and forecasts where the industry is heading. We indeed look at this event as very important to kick start the development of the mining industry in Kenya”. said Dr. Cedric Cimonet Chairman of the Kenya Chamber of Mines who are co-hosting the event. “The exhibition booths are almost sold out, which shows the extent of this event’s popularity”

In addition to an unmatched agenda, MBI East Africa 2011 will feature sponsor demonstrations. The main sponsors for this years’ s event are Red Rock Resources, UK, who recently bought Mid Miguri Mining in Kenya and are expected to announce more information on their recent loan agreement made with a Kenyan African Finance House. Other sponsors include Kenya Flourspar Company, AMS Kenya, Aviva Corporation, Linear Metals Corporation and Brand Communication UK.

At least about 20 similar magnetite projects in the Central Yilgarn many with bigger tonnages and similar grades to Mt Ida. Legacy on strike larger and equal if not better grade - Radar with several billion tonnes only 100 km from existing rail - not a railway that has to be upgraded from Menzies to Kalgoorlie - and close the WA coast in the Pilbara about 100 billion tonnes of magnetite the equal of JMS resources -held by substantial companies -not juniors !!

Pigs will fly before JMS get Mt Ida into production and RRR ever sees a dollar in royalties from Mt Ida.

But DSO hematite is realistic notwithstanding JMS only have 6 million tonnes !!!

We now await the 'secrets' to be revealed on Migori with bated breath !! :banana::ohno:

Ken,did you get my e-mail? I am still awaiting acknowledgement.
LTD

Yes -I have many people now contacting me -an avalanche of very angry and disappointed shareholders of RGM and RRR. I am very busy with our own projects but will try to respond. Ken

We are waiting on the plan for Macalder !!

The results of the feasibility of cyanide extraction of gold from the low grade metallurgically complex tailings resource. The project management plan -the environmental management plan -the capital cost -the process route - the anticipated recoveries AND the profitability.

Who is going to finance - has any financing agreement been signed and if so when will the approvals be in place and construction commenced. :cheers:

RSL queried by the ASX today as to how it can meet its committments with $67,000 in the bank. Read the announcement - another vibrant RRR subsidiary :banana:

Red Rock Resources plc

Update - Migori Project

Drill Results for the Mikei Gold Project confirm the potential of the Resource



21 November 2011



Red Rock Resources plc ("Red Rock" or the "Company"), the mining and exploration company with an iron ore project in Greenland, a producing gold mine in Colombia and interests in steel feed, uranium and rare earths, is pleased to announce analytical results from its 2011 drilling programme on the Migori Project in southwest Kenya. Drilling on greenstone-hosted gold targets reported here include 50 holes for a total of 5,656 metres and 118 significant intersections. Further results are still to be received.



Highlights - Drill Intersections



The majority of analytical results are from infill drilling completed as part of an intensive 2011 data validation and Resource update programme for Red Rock's Mikei Gold Project. The KKM prospect, the first of five linked deposits due to have their Mineral Resource Estimates updated to a JORC-compliant standard by CSA Global (UK) Ltd, has returned encouraging results such as:



KKDD027:
41.9m @ 1.65g/t Au
including
5.0m @ 8.36g/t Au

KKDD030:
5.5m @ 7.05g/t Au
including
1.0m @ 34.9g/t Au

KKDD033:
11.0m @ 2.36g/t Au
including
1.0m @ 19.5g/t Au

KKDD054:
4.0m @ 11.7g/t Au



KKDD077:
29.0m @ 1.83g/t Au
including
14.0m @ 2.79g/t Au

KKRC052:
47.0m @ 1.61g/t Au
including
13.0m @ 3.97g/t Au, itself including 3.0m @ 12.6g/t Au

KKRC069:
12.0m @ 2.05g/t Au




16.0m @ 1.30g/t Au






Part of the same system are the Gori Maria and KKM West Prospects, also due for upcoming Resource updates, which generated the following significant intersections:



GMDD003:
5.5m @ 3.92g/t Au and 11.0m @ 4.08g/t Au

GMDD004:
2.0m @ 12.3g/t Au

GMDD009:
4.0m @ 4.18g/t Au

KWRC066:
2.0m @ 4.46g/t Au

KWDD084:
3.0m @ 2.49g/t Au




In regional exploration in the western licence (SPL202) a new prospect, Kehancha 5, has delivered a good first ore-grade intersection of:



KH5DD001: 12.9m @ 3.72g/t Au



Work Planned



The results of the drilling on the Mikei Gold Project will be included in a series of JORC-compliant Resource updates for each prospect to be progressively completed and reported in coming months. The positive results from regional exploration drilling elsewhere in the Migori Project, where a range of greenstone-hosted target styles are being explored for, will be followed up during the 2012 drilling program currently being planned.








Detailed Discussion



Drill Program



The Mikei Gold Project infill drill programme commenced in November 2010 on a mineralised Archaean greenstone belt parallel to the Tanzanian border, and drilling has continued throughout 2011. Both diamond core and reverse circulation percussion drilling were undertaken, with up to five rigs on site. The following table shows the distribution of Red Rock's drilling of the five Mikei Gold Project Resource areas:



Prospect
No. Holes
DDH (m)
RC (m)

KKM Main
21
2,417
1,405

KKM-West
33
3,789
966

Gori Maria
17
622
1,160

Nyanza
4
568
300

MK
20
2,226
621

Total
95
9,621
4,452




The samples were prepared at ALS Mwanza, Tanzania and forwarded to ALS Johannesburg, South Africa and ALS Vancouver, Canada for assaying using the fire assay with ICP (low level) / AAS (ore grade) analytical methods. Delivery of samples from the early stages of this programme to the sample prep laboratory in Mwanza was delayed due to export issues now resolved. Figure 1 shows all Red Rock drilling to date on the Migori Project.



http://www.rns-pdf.londonstockexchange.com/rns/4655S_-2011-11-21.pdf





Figure 2 shows the detail of the infill drilling completed on the Mikei Gold Project, which has 5 distinct shear and vein.

Finally - after so long RRR has reported some results on the Migori project.
I am so happy -
At first glance a reasonable report - not of the standard we expect in Australia -with infuriating hyperlinks and not pdf documents as used on ASX - but overall a big improvement on past reporting by Red Rock who can't be blamed for the archaic AIM web site data display system.

The grades are nothing to get excited about yet -and no true widths given on high grade intersections - which are obviously quite narrow intersections.

Nevertheless there may be substantial low grade tonnages at depth and another $10 million in exploration drilling might deliver an 'economically mineable resource' at Migori in due course. A JORC resource is not necessarily an economically mineable resource.

And management in the international financial meltdown occurring might listen to recommendations to mine the high grade ore at MK by gravity to assist funding of the overall Migori project rather than borrow more money at crippling interest rates or dilute the issued capital of the company substantially to fund further exploration on the project.

Now perhaps we can also expect transparent reporting on the El Limon mine in Colombia !! A mine plan -estimated tonnages and locations - vein widths - channel sample grades across and along veins - geology - metallurgy - 3D maps - plant flow sheet and circuitry -- etc etc all the normal information to which shareholders are entitled if a company owns a producing gold mine.

Chalkminer - read my post correctly and don't ramp RRR on LSE by incorrectly quoting what I said on this board. Yourself - Mogo - Tidler are clueless idiots who blatantly ramp RRR and can't stand sensible posters like Threshend making any adverse statements about RRR- depite the justification.

I said the grades were nothing to get excited about -on their own only reasonable and very early days - and certainly will do zilch for the share price -in this market. It is to be hoped nevertheless if RRR can fund a serious exploration program a substantial resource might eventuate -but don't hold your breath !!:ohno:

Mogo - Tidler - Chalkminer,they are all rampers Ken ,you can Google them if you want, then you will see what I mean.

Ken ,serious question, what sort of depths are standard for open pit mining.Looking at yesterdays RNS ,seems to me like Migori is bottom loaded?

Anyone got any info. on our neighbours,surely they must be open pit?

Ken where do you see the price of gold heading over the next 2 years?

Word of advise Ken,try not to read other BB's if you can help it.I gave up long ago,even so I still seem to have a reasonable following.

The good news from yesterday is AB don't mention anything about there being any visible gold(he could have as there were a few 30g plus results in the mix)as I have fallen for that one before .If he had I would have taken that as a sell signal.Given that he didn't I have decided to use today as a re-entry moment.

Yeh - I know all about stock rampers -dime a dozen on boards around the world - generally low life ratbags who only have a few pounds invested who spend all their waking moments praying for miracles !!

Open pit depths are obviously limited but pits are now going deeper -wider and longer determined by total resources -grades -stripping ratios and other factors. Ore is often accessed by a decline in the pit bottom once it has reached its optimum depth.

Gold price -try $2500 - a depression now not a recession is fast approaching. Or toss a coin !!

As for reentry - my advise is to buy solid pure play gold producers like NST on ASX - junior explorers who are mixed bags with small gold mines with limited potential/ profitability and high holding costs across a range of non performing assets are currently out of favour. ^^

wow you guys are really into this!

^^watching from far too with interests :lol:

Change hands rampers - have you noticed the RRR share price tonight -down -down -- gurgle -gurgle - Quick --get back under your rocks.

AB could not run a chook raffle let alone a listed exploration company !! :banana::bash::ohno::nuts::banana::bash::lol::lol::ohno:

No need to worry about me Ken,I have 40 years trade experience behind me,so I think I know when it is a good time to mop up some cheap shares.

Been checking up on some other open pit gold producers ,and 150 metres depth is some what shallow by industry standards.

Test Plant Operations the next step in bringing the DNi Process to Market

The DNi Process, a new, cost-effective way to process nickel laterites, will be thoroughly examined by a Test Plant currently being built in Western Australia.

The creation of the Test Plant is the result of an ongoing four-year research collaboration between the Parker Cooperative Research Centre for Integrated Hydrometallurgy Solutions (Parker Centre) and nickel processing SME company, Direct Nickel (DNi).

Through its research partner CSIRO Process Science and Engineering, the Parker Centre has worked with DNi to significantly enhance a new, cost-effective way to process nickel laterite ores.

Parker Centre Researcher Dr David Robinson (CSIRO Process Science and Engineering) said, “Unlike traditional nickel sulphide ores, mineralogically complex and usually low grade nickel laterites are difficult to commercially process. Flowsheets are considerably different for each of the various laterite ore types.”

“Add to this the geographic and logistic challenges and the water and energy demands, then economically processing nickel laterites presents an ongoing development challenge”, Dr Robinson explained.

“However as nickel sulphide ore deposits become depleted, the lower grade nickel laterites are fast becoming processing priorities for mining companies.”

The research collaboration has fine-tuned a new processing regime that replaces the need to consume large amounts of sulphuric acid often at high temperatures and pressures by using very small quantities of nitric acid under normal atmospheric conditions.

Dr Robinson stated “Having a reagent recycle process that uses nitric acid instead of sulphuric acid has created an opportunity for lower grade ores to be profitably treated, potentially converting many millions of tonnes of Australian nickel laterite ores into economically-attractive material. The DNi Process can treat all of the laterite profile through one flow sheet making it particularly attractive in sustainably maximising resource utilisation.”

“We have tested all stages of this process in the laboratory but the Test Plant will prove it on a continuous basis,”

Located at the Australian Minerals Research Centre (AMRC) in Perth, the one tonne of ore per day Test Plant will operate 24 hours per day in campaigns of typically 10-15 days to continuously demonstrate the DNi process, including reagent recycle and to fine tune the estimation of operating costs.

Expected to be operational by early 2012, the Parker Centre participants CSIRO and DNi anticipate using the Test Plant for several years, testing and optimising the process on various ore bodies, providing important information for the design, commissioning and ramp up of commercial operations.

When successfully demonstrated, the DNi process will change the economics of nickel laterite processing and has the potential to prolong operational life or lead to the development of new projects, new employment opportunities and increased company revenues.”, Dr Robinson said.

“DNI’s longstanding collaboration with the Parker Centre has enabled us to develop a better understanding of the process chemistry and address several key risk areas resulting in the technology progressing to the Test Plant stage. This is a key step in commercialising the DNi Process.”, noted DNi’s Project Manager Graham Brock.

According to technology consultancy RMDSTEM Ltd that carried out a recent impact benefit analysis, DNi’s collaboration with the Parker Centre has boosted the company’s market profile.

RMDSTEM Executive Director Ivor Bryan said DNi’s market value increased from $60 million in 2008 (when collaboration with Parker Centre began) to $75 million by March 2011.

“About 50% of this increase can be attributed to DNi’s collaboration with the Parker Centre,” Mr Bryan said.
The development of the Test Plant is being jointly managed by CSIRO and DNi with GR Engineering Services providing the design and construction management.

http://library.rrrplc.com/RRR_web/RRR_Presentations/RRR_Presentations_2011/Field_Season_and_Discoveries_at_Migori.pdf

http://library.rrrplc.com/RRR_web/RRR_Presentations/RRR_Presentations_2011/A_Gree

Rodrigo is an AB stooge:banana: another poor fool who can't accept the reality that DNi apart from founding shareholders has failed to win any support from the international investment community. aka the RGM share price which will be less than 1p by Xmas.
RRR also slowly going down the gurgler -will be 2 p by Xmas :bash: Pleased to hear you quit the stock at 4 p Affe.

NST is a REAL gold miner.

AB INTERVIEW TRANSCRIPT (ALLEGEDLY) (http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3ARRR.L&it=le&action=detail&id=8997243)
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Interviewer: Mr Bell - what has happened to the loudly touted sale of assets and the proposed dividend from Kansai?

AB: Look we have some wonderful assets. You know we own over 35% of this company with licences that include gold - (that's quite expensive you know) and diamonds (they're really expensive too..and on that point...i might need to sell some RRR shares to buy some gold and diamonds for my wife for Xmas)

Interviewer: If I may Mr Bell - what is happening with Kansai?

AB: Aha - I am glad you asked me that. I really would lke to tell you. It really is very exciting. Did I mention the gold and diamonds...?

Interviewer: But if it's such a good asset how come on May 6th this year KMC was delisted for failing to pay their quarterly NEX Listing Maintenance Fee? And even then they had already been subject to a suspension from trading?

AB: Aha..i see where you are going....but the thing is, I can tell that you really don't understand the gold and diamonds business do you?

Interviewer: Sorry...?

AB: Don't apologise - let me explain in layman's terms. If you had bags of gold and diamonds under your bed, buried in your garden, more in the attic..would you broadcast it? Of course not! You'd tell no one and keep your mouth shut.

Interviewer: So you are saying that not trading is a sign that you really have so many assets you just don't want the markets and possible investors to know? How does that make sense?

AB: Oh dear, you really don't get this do you. Look you have diamonds and gold - in your garden, bedroom, kitchen, hell you are practically shitting gold bars - do you want your neighbours to know

Interviewer: Well put like that, no - probably not

AB: Exactly my point. We can't have any old person looking in to what we do or what's in our bedroom if you get my drift. Some investors want to know how much ore we are mining and the price we are getting for our gold and silver sales. We can't be doing that - preposterous

Interviewer: Can I ask you also why you hold so few share in RRR?

AB: You aren't getting this at all are you. Look if I hold shares, people start thinking about what I am doing - they start thinking there may be gold in the garden as it were - they get nosey. And we don't like nosey. Look can we talk about the big picture - do you know all the percentages of different companies we hold- we've got percents in RGM, Ascot, Cue, Kansai 35.2% of Kansai - that's quite a big percentage you know and others and Jupiter. For goodness sake- stop worrying about sales, ore volumes, production schedules, profit, share price and dividends - these are mere details, minutiae. Focus on the percentages.

Interviewer: Well Mr Bell - one more question - and quite a hard nosed one I might add - given all directorships of associated companies you hold, how much are your drawing in salary and fees from these various companies.

AB: Look I am happy to answer that - and really when you compare it to all the percentages I am building and offering my shareholders, it's really not very much - and let me tell you - that I'd rather take shares than either salary and fees any day

Interviewer: So why don't you?

AB: Aha..that's a good question.and I really want to answer it .but I think we're just out of time


Shurely not.........

But Ken it is hard to take you seriously because as a former director it is a bit sad and unprofessional of you to invest so much time reading all the BB regarding your former company.Have you got any hobbies?

http://library.rrrplc.com/RGM_web/RGM_Presentations/Analyst_Trip_to_Mambare_Nov_2011.ppsx

Dear Shareholders and Colleagues,
We had a successful time on our visit to Kenya last week.
Progress at the camp, where we are improving office, sanitation, messing, workshop, and
core storage facilities, continues apace. We have one room devoted entirely to geologists
producing sections and analyses from the drilling, incorporating the lab results that have
been streaming in, and our data manager now has an assistant who is also a qualified
environmental scientist.
Two core splitting machines have been working 24 hours a day on the remaining core for
analysis, and logging of new drill core from the remaining resource areas and from the
Barnabas drilling (sulphide/VMS targets) is proceeding fast.
We have ten local geologists working for us, and their skill levels are high and rapidly
increasing as we train them and work with them.
When I arrived at camp with Mike Nott I found
Tash Walton, who recently joined as our Head of
Marketing and CSR and has spent some time
working with our team on site to project our
message and build relationships with local
communities, had galvanised our already thriving community aid programmes and
spoken at more than half a dozen local meetings. We have done things as diverse
as supplying solar panels to schools, helping build new school kitchens, provide
fresh water to schools and communities, providing talks on TB and how to avoid it,
arranging a January football tournament, and giving safety kits and talks to
artisanal (illegal) miners to try to stop them killing themselves....
Our CSR committee met the objection that it was appointed not democratic
by arranging elections in 7 local communities for January where functional
representatives (youth, women, voluntary organisations, etc) will be elected,
who will then elect representatives to the central CSR committee.
A landowner issue that had existed for years and was being used by our illwishers
to create trouble was resolved by the camp manager and I, who
spent 3 ½ hours in the hut of the matriarch of the family while the extended
family was ranged around the room. All had their say and the kerosene lamp
came out long before we were done. We began with prayers and ended with
prayers. The latent goodwill and the instinct for moderation and co-operation
that exist in poor communities for whom we represent a potential lifeline to education and opportunity are assets that we
must not neglect or waste. There will be misunderstandings, outbreaks of resentment or greed, and backslidings, but we
can work with this, and we must get ahead of events by starting now. What is most required, and what has sometimes been
in short supply in our industry, is an approach on our part that shows humility and grace and a willingness to spend time. As
if one is constantly a candidate standing for election......
An Environmental Project Report carried out for us on the western license and submitted to NEMA by independent
consultants concluded, after briefings and local bazaras and return of questionnaires, that the inhabitants of Migori and
Nyatike were supportive of us and our activities. We knew this, but it is good to have it confirmed.
Tash gives a speech to the district
education committee, who voice
their appreciation of our activities.
Over 70 artisanal miners come to hear
our talk on health and safety and learn
about the nature of exploration.
Drilling in action at
Barnabas.
Later we returned to Nairobi where the first MBI East African Mining
Conference was to take place. We were platinum sponsors. I introduced
and Kamini Manick gave a talk on Red Rock and our activities in Kenya.
The next day Steve Olang and Alex Nyandigisi gave a talk on the 2011
exploration season. Sandra Spencer gave presentation training to our
geologists and they performed very well, getting our message across
with great professionalism. Copies of their presentations are posted on
our website – click here to follow the link.
Our presence at the conference as a sponsor, exhibitor and speaker put
us on the map in Kenya, and our interactions with local officials and press
were highly positive. We will be participating next year.
At the end of the week I had the privilege of appearing before the Parliamentary Committee
on Lands and Natural Resources. These occasions are always opportunities as well as
challenges; in a country without a history of much mining, and a Mining Act dating to 1940,
there is much ignorance, much interest and a legitimate desire to find out more. We take
great comfort from the success of Base Resources from Australia in overcoming the
difficulties with the beach sands project since July 2010, and from the success of our
neighbour Goldplats plc in finally this week after many vicissitudes getting their mining license
for gold. Kenya is now moving, and we will be increasing the level and frequency of our
interactions at ministerial and governmental level so that we
can move too!
St Barbara LLP continue with their Scoping Study on the
tailings project and CSA continue with their assessment of the
Mineral Resource at (first) the KKM deposit. So these are
exciting times, with constant developments. You will have seen an announcement on drill
results by us earlier this week. The real story will be the Resource (whatever it is) but the
market has been very poor and we felt it would be helpful to investors to get a flavour of the
kind of work we are doing and the kind of results we are likely to get.
Richard Evans was with me in Kenya and has now gone on to Colombia where we are
carrying out an assessment and planning next steps. As in Kenya, we are professionalising
and organising to give ourselves a really solid foundation, but we have to do it ‘on the fly’, at
the same time as producing and building production levels. Nothing we don’t expect to
handle, but still requiring constant attention.
We wish the share price would reflect the constantly improving fundamentals of our business, but external factors weigh
heavily on the market at present, and we understand the sense of discouragement many feel. This is not a sprint, but a
marathon, but we still need to get our message across short-term, and we give daily thought to how we may do this.
The results will be out shortly, and we hope you will enjoy reading our annual report and it may help you see the company
and its performance over time in a better and truer perspective.
Yours,
Andrew

There is on thing you can be sure of Little Dick I will make sufficient time to ensure AB is eventually removed as a director along with his scungy mates and from management of the companies I founded so shareholders can eventually recoup some of the value that I built up which has been subsequently destroyed by him and his cohorts outright stupidity and incompetence. aka El 'Lemon' - in his own words the mighty Bell -Yannaghas duo bought a 'pup' because collectively they would not know a gold mine if they fell over one.

Think long and hard my friend - slowly but surely the AB "groupies' and 'rampers' like you are deserting him -contacting me and finally realising I was the brains behind ALL the successes we enjoyed and that he has done nothing but chase birds ever since I departed and NEVER once got a single bird in the cage. Everything he and his motley offsiders touch turns to dust. One day you will be forced to admit too you are backing the wrong horse and you will come crawling on your belly to me to rescue our companies and presumably the few pounds you have invested.

Hi everyone....

Today i thought of a way to try and describe the Mambare asset which by the way is now entering more than 7,000 metres of drilling ,and at 15-25 metres average per drill ,that's a lot of holes.If you imagine a full size football pitch as being Mambare condensed,and then look across to the goal area.....well the area drilled to date including what was drilled in 2008, in comparison is only the Penalty Spot!

Once you have got your head around that you can see why most commentators believe Mambare is going to dwarf Wowo Gap and Ramu put together.

Ken ,what's your views on the quality and professionalism of the recent RGM Presentation?I am asking you this because I know professional reporting is something you quite rightly have a thing about.

http://library.rrrplc.com/RGM_web/RGM_Presentations/Analyst_Trip_to_Mambare_Nov_2011.ppsx

"There is potential to increase the thickness of the saprolite zones, as some holes in the recently completed programme may not have tested the full saprolite profile due to drill penetration issues. Future drilling activities will need to persist to greater average depth than encountered during this drill programme."


Taken from RNS 08/09/09

http://www.iii.co.uk/investment/detail/?display=news&code=cotn:RGM.L&action=article&articleid=7511583


2008 4,000 metres drill program 330 drills average depth 12 metres

2011 3,600 metres drill program 220 drills average depth 16 metres


The reason why the average isn't 25 metres is because of the handheld XRF .The XRF is the efficiency tool that is aiding RGM/DNi to knowing exactly when to stop drilling or in some cases when to carry on drilling.The on site geologist by analyzing each drill as it happens can monitor the grades at real time instead of guessing when to stop drilling ,which of course is extremely costly.If they call it too early as was the case in 2008 ,it results in returning to exactly the same place 3 years later to finish the job off.Or just as bad is they over drill every hole,which results in obvious drill time being wasted ,resulting in less holes and unnecessary costly sample testing.

The other positive to the XRF is it has helped the geologist's identify 2 continuous Ni 1% plus zones running through the centre of area 2 and 3 and across area 1.
It will also come into its own when it comes to the 60 additional holes for follow up infill drilling around the higher graded holes.They won't know where to infill without the use of the XRF,because by the time the samples come back from the lab. everyone would have packed up and gone home.So in summary it is aiding RGM/DNi to maximise every drilling campaign and because the final 60 holes are going to be targeted infill drilling around the higher graded previously drilled holes ,this should result in a higher resource.At least that is the plan.

I spoke to DNi after the first results came out and they were like a dog with 2 tails,which if I was to be honest I couldn't really understand why at first,I do now.

Nice to see that we have at last past halfway and that everything for a change is on schedule.It would appear that they are going to just work through the early part of the rainy season,and to be honest ,they haven't really got any choice as they absolutely must come away from this with a JORC resource.Two advantages of drilling for laterite nickel is,the limonite/saprolite are relatively soft,you can see that in one of the pictures in the presentation where it shows a deep hole with a ladder down it,the other advantage is the deepest you will ever have to drill is 25 metres .This means that a 3,600 metre drilling program generates a lot more holes which means you cover a much bigger area for your money which of course means resource building is cheaper and quicker to achieve than normal exploration drilling.

What I found most interesting was how little proving up Wowo Gap needed before going into production,only 90Mt total (inferred/indicated) @ 1 %.

RGM could easily be half that by Q1 2012 thanks to the higher graded saprolite results.

"Size could double and grade increase significantly-Inclusion of the saprolite in resource calculations could potentially double the size of the resource and increase the grade significantly as consistent grades over 1% and in many cases grades over 2% have been noted this year in the saprolite."



http://library.rrrplc.com/RGM_web/RGM_Presentations/Analyst_Trip_to_Mambare_Nov_2011.ppsx

The discussion has become pointless. First of all it has descended into abuse by a funny looking fellow who is mesmerised by Andrew Bell and his misrepresentations to shareholders and AIM - all documented and recorded with the Nomad - the very reason I resigned from the boards of RGM and RRR to pursue my own aspirations.
An agreement is being signed next week by our companies here in Perth on a major project to recover gold with our gravity plants - which will recover more gold and be much more profitable than El "Lemon "for a fraction of the capital cost. Research the Australian company Gekko - selling hundreds of millions of dollars of gravity recoverable equipment to almost every country in the world and company after company who have astute professionals at the helm -not inept fools -are embracing gravity technology to generate cash flow at low capital cost instead of dreaming about multi million oz projects like Migori that cannot be funded in the present international financial meltdown.

I secured Mambare in a company with Bruce Rowan and Andrew Bell - I brought in Graham Rolfe in Lae - and we sold it to Regency Mines plc. I promoted the project relentlessly in London when neither Andrew Bell or the board had any faith in the project and now you are telling me what a great resource Mambare is and how it stacks up against Ramu and Wowo. Of course Mambare is one of the largest undeveloped lateritic nickel deposits in the world and there is sulphide potential discovered by Tony Woodhill a geologist friend here in Perth who bought Watson Hill from me and discovered the Golden Kilometre gold mine at Mt Pleasant near Kalgoorlie. He as a very young man worked on Mambare where trenching near surface delineated some sulphides. The settings are probably not right for sulphide nickel in PNG but nevertheless potential exists.

We are arguing at cross purposes - noone disputes the potential of Mambare -noone disputes DNi may have a commercially viable technology - noone disputes that RGM should retain the assets if possible -where we disagree is the timing of development and the practicality of pursuing that objective when we are heading straight into a DEPRESSION. Our companies should be taking avoidance action and developing near term cash flow exclusivley with gold projects that can be in production quickly with low capital cost -not projects with long lead times requiring funds simply not available in present market conditions.

I am not going to discuss this further - I rest my case.

LITTLE DICK has a head on him like a robbers dog !!

Thanks for that Ken Wanker Watson.I will rest my case here as well.You need to hope that the people signing this contract next week and other future potential contacts don't Google your name ,which will of course lead them to here,where they will be able to see the real Ken Watson


Ken Watson Quote

"Bulldog you are a sick puppy -full of f---g bullshit spreading misinformation like your Master -the con artist -

Paul -if you and others won't do your own research on gravity recoverable gold from ores as distinct from alluvials I can't help you any more. It is all on the internet to prove Bulldog is talking horse shit and hasn't a clue what he is talking about."


Nice guy.

Unlike you Tiny Dick you useless fawning - grovelling -areslicking - insipid -weak - piece of crap I don't care who Googles me because all you will find is a strong -honest -self reliant loyal person with self belief who controls his own life and does not give a monkeys fuck if everyone walked out tomorrow. So go fuck your boot arsehole -you would not hold a candle to me you lily livered cocksucker. :banana::bash::cheers::nuts:

Why don't you just shut your big fanny flaps you old cunt face!!!



:weirdo::weirdo::deadthrea:weirdo::weirdo:

At this point in time it would be much more prudent to argue with balance sheets, future prospects and profitability ratio's both closing and YTD. Self moderation guys, interesting debate though.:)

At this point in time it would be much more prudent to argue with balance sheets, future prospects and profitability ratio's both closing and YTD. Self moderation guys, interesting debate though.:)

At this point Kenyans are more worried about how much the politicians will 'eat' and how much will be left over to build a dispensary/clinic in their village.

Air is a bit blue in here,I might stop posting as well guys.


God bless

Paul

I think we have just heard the real Ken Watson...explains a lot of the verbal diarrhoea recently....professional no...sad..yes!

RRR (http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB00B0CQLF79GBGBXAMSM) RED ROCK RESOURCES PLC ORD 0.1P

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Price+/-Var %VolumeLast close3.35 http://www.londonstockexchange.com/media/img/icon/down.gif-0.20 -5.63% 2,426,533 3.55 on 25-Nov-2011


BidOfferTrading status (http://www.londonstockexchange.com/prices-and-markets/prices-help/trading-status.htm)3.353.40Regular Trading HighLowSpecial conditions (http://www.londonstockexchange.com/prices-and-markets/prices-help/special-conditions.htm)3.503.10NONE :banana:

RRR share price under Andrew Bell management -SAD -Yes indeed - PROFESSIONAL - No - :ohno:

"I think we have just heard the real Ken Watson...explains a lot of the verbal diarrhoea recently....professional no...sad..yes!"

Indeed, the real Ken Watson. A bitter and twisted old fool who makes-believe he is signing some major business deal every other week yet spends all his time posting bile on internet bulletin boards.. Oh dear..

The deals are REAL and verifiable in due course. Meantime - declare your true identity - post your name on this board along with the names of all the other cowards attacking me on this site --- I dare you - don't hide like rats in a sewer.

RRR down 14% tonight -now under 3 p -to hell in a handbasket - investors deserting in droves. Turn your anger on the real destroyer -not me. I am the one person who can rebuild the companies I single handed built in the first place.

God bless you my friends in these tragic moments :lol:

Jimmm you fucking spastic!!!

Unlike you Tiny Dick you useless fawning - grovelling -areslicking - insipid -weak - piece of crap I don't care who Googles me because all you will find is a strong -honest -self reliant loyal person with self belief who controls his own life and does not give a monkeys fuck if everyone walked out tomorrow. So go fuck your boot arsehole -you would not hold a candle to me you lily livered cocksucker.

Big Aussie knob

It is always difficult for a business to decide whether to ignore rumours about its performance or to try and deal with them either through public relations or the courts. The development of specialist business websites and blogs such as LSE have made the spread of information on the internet even more readily available. Indeed, corporate gossip now spreads as quickly as the latest antics of footballers and celebrities.

Companies are beginning to realise the impact of such internet blogs on their share price and trading reputation. A company can sue for defamation just as an individual can. Defamatory allegations that are damaging to its trading reputation or affect its business are actionable.

Companies are also discovering that they can obtain the identity of what appear to be anonymous publishers of defamatory blogs on the internet.

Protection for ‘innocent disseminators’
Any organisation that hosts a bulletin board or invites comments in response to articles on its website is usually protected from action against them for defamation by Section 1 of the Defamation Act. This protects what are known as innocent disseminators where they are just a mere conduit for the publication of the defamatory material. Most hosters of bulletin boards do not moderate the content before it is published and so can rely on the protection of Section 1 as they are not considered to be publishers. However, if defamatory allegations are posted then the hoster is, under the Norwich Pharmacal provisions, “caught up in the wrongdoing” in that they have enabled the material to be posted. This entitles those who have been defamed to apply for a Norwich Pharmacal order against them to disclose the email address of the person who has posted the defamatory material. It is also possible to get the internet service provider’s address for the email. Sometimes this is necessary because the person who posts the email uses a fictitious email address or in some other way disguises their identity. Through the details of the internet service provider it is possible, often by making a further Norwich Pharmacal application against them, to obtain the address of the registered user of the fictitious email address.


Posters cannot hide behind anonymity
Norwich Pharmacal orders are usually obtained without objection from the third party and are now, because the courts are familiar with them, comparatively easy and inexpensive to achieve.

The poster of the defamatory allegations is no more at risk than any other defendant in defamation proceedings. They can rely on all the same defences of truth, fair comment or qualified privilege if they can argue that the matter is of public interest.

Norwich Pharmacal orders do mean however that the poster of a defamatory allegation cannot just hide behind their anonymity or attempts to disguise their true identity. Given the damage that persistent defamatory allegations can have on an organisation these orders can be a very useful tool to a company in taking action to protect its reputation from untrue allegations made against it.



By Sarah Webb head of the Media, Libel and Privacy department at Russell Jones & Walker

http://www.rjw.co.uk/legal-services/media-libel-privacy/defamation-libel-slander/

cmsadmin/mailto:enquiries@rjw.co.uk

Ken,

The problem is you come across as a bitter ex employee/founder. Suggests you left, tried to setup your own company eith a view of getting deal on gold production Equipment with RRR which fell though and you are pissed off as you know how good the projects are as you say you set them up. Yes AB got carried away with Colombia as saw the benefits of a early producing goldmine which, as usual, took longer to get back in production. Migori has the gold but baggage of MMMC local issues so building bridges as well as progressing the project. Still not sure why you left as you seem a thick skinned guy who could handle AB's cronies.

Put simply you have it wrong - as many RRR shareholders have now discovered. Read Affe Moose - Chopper Fried on LSE and IIII all previously devout followers. Even Eman often seeks my advice.

Now I note I am being accused here of being Jimmm !! His identity is easily verified and that is not the way I operate. I am honest - open - transparent and that is all I have requested of Andrew Bell. We were putting deals together in coal and iron ore as recent as last April and I would have been a strong supporter had he not reneged on our agreements.

I am very busy and henceforth will rest my case. Good luck.

We were putting deals together in coal and iron ore as recent as last April and I would have been a strong supporter had he not reneged on our agreements.


So you are a bitter and twisted old man !!

KW eat shit! ONWARDS WE MARCH. AB will deliver and the doomsters can stop calling for heads

Very good news - considering I have RRR options exercisable at 3.5 p it is very good news indeed. But I suspect a flash in the pan - a suckers rally :nuts:
I presume you eat your shit every day shitbag -so full of it -meantime get back under your rock you big turd.
:banana:

Fuck you cunt face!!

:bash::bash: :bash::):cheers::nuts::ohno:^^:banana::lol::banana::lol::ohno::nuts::cheers::banana::bash:

:horse::wallbash::llama::llama::llama::rofl::rofl::storm::rofl::tiasd::stupid::stupid::stupid::stupid::stupid::stupid::stupid::stupid::stupid::stupid::spam1::dance::pepper::pepper::booze::booze::booze::soapbox::soapbox::madwife::madwife::runaway::runaway::2cents::2cents::ancient::ancient:

WTF!!!!!!

Thought people were discussng real issues here!! ??

Honestly I just thought it was nonsense for the last 6 pages. Just leave them be........:laugh:

Ken,

Thanks for your reply. Your comments now make perfect sense and after awhile the real reason for your condemnation of RRR and AB are clear. You lost a deal with AB and are annoyed and you are concerned about your 3.5p share options (I see there are 5M so I assume some are yours)because the sp has been tanking. Just say that rather than the personal accusations.

I dont think this or any board needs the language we have seen............ eh Rodrigo whoever.....!!

Give me your email address and your name and once verified I will give you FACTS as I have the Nomad -the whole truth and nothing but the truth so help me God. The matters to which you refer are but the tip of the iceberg and I will not resile from seeking the resignation of Andrew Bell from OUR company boards which are NOT his personal fifedom. It has nothing to do with being bitter or seeking retribution as inferred by the rampers and goons on the BB's - if you knew me I get on with life mate and have lots to keep me busy but there are some important issues that have to be resolved. I have offered the olive branch but it has been rejected so I am left with no option.

I am very busy at the moment and have to go bush so won't be able to respond and will not respond henceforth on this forum - Cheers Kilo Whisky

Finally - after so long RRR has reported some results on the Migori project.
I am so happy -
At first glance a reasonable report - not of the standard we expect in Australia -with infuriating hyperlinks and not pdf documents as used on ASX - but overall a big improvement on past reporting by Red Rock who can't be blamed for the archaic AIM web site data display system.

The grades are nothing to get excited about yet -and no true widths given on high grade intersections - which are obviously quite narrow intersections.

Nevertheless there may be substantial low grade tonnages at depth and another $10 million in exploration drilling might deliver an 'economically mineable resource' at Migori in due course. A JORC resource is not necessarily an economically mineable resource.

And management in the international financial meltdown occurring might listen to recommendations to mine the high grade ore at MK by gravity to assist funding of the overall Migori project rather than borrow more money at crippling interest rates or dilute the issued capital of the company substantially to fund further exploration on the project.

Now perhaps we can also expect transparent reporting on the El Limon mine in Colombia !! A mine plan -estimated tonnages and locations - vein widths - channel sample grades across and along veins - geology - metallurgy - 3D maps - plant flow sheet and circuitry -- etc etc all the normal information to which shareholders are entitled if a company owns a producing gold mine.

visit http://www.youtube.com/user/Prescon1#p/u for some more info on RRR. Btter still, see what base resources are doing? I would say excellent job but in terms of returns you might have to wait a little bit longer!!

http://www.youtube.com/watch?v=yu5AVjLP4XY

http://www.youtube.com/watch?v=J2cD2ULR5iM&feature=related

http://www.youtube.com/watch?v=2scbZ6HEwFE&feature=related

I am on fire tonight!!!!

God bless you and Merry Christmas

Paul

The Oracle news was probably the best bit of news I heard at the RGM AGM,and that was the funding for 70% of the plant is in principle ,in place with a number of Pakistani banks.This is significant because there was no way they were going to be getting any money from the usual sources ie. The Asian Development Bank etc due to the simple fact that burning lignite coal is the most polluting way of producing electricity.Over the last few years development banks have been heavily critised for make investments in coal never mind lignite coal ,and have been embarrassed into not making those kind of investment again.So the fact that Oracle have found another funding avenue is extremely positive.Andrew than gave a highly imaginative explaination as to why the DFS/BFS hadn't been released even though it was fully completed,and that went along the lines of ORCP don't want the Government to know the figures while they are negotiating royalties etc,which was an improvement on the previous "environmental impact the mine might have on the local camel population" explaination.Also Khan is going to pitch Oracle around the country in various Pakistani populated areas with the aim of getting the share price up.So on the whole all very positive there.

Mambare ,Ed said that they had drilled down to around 25M per drill with the last 3 metres being into bed rock to be sure this time that they weren't hitting a boulder instead and that one rig could produce one hole per day,the 5th rig was a spare ,so they were running at 4 holes a day in other words.Because Ed has worked in PNG for years , he knows a few geologists there etc..A couple of weeks ago one of his contacts that works in the licencing office told him that a gold tenement was going to be coming up for graps .The government taking the tenement away from this company was being challenged in the courts.The tenement is a large island tenement surrounded by a host of Newmont gold target tenements,and as I understand Newmont expected it to become theirs but because of Ed's contact ,Ed attended the court hearing and purchased this highly perspective play seconds after the judgement was made trumping Newmont in the process.
I dont know anymore about this other than Ed seemed extremely happy with himself as the whole thing only costed the company £3,000.

The AGM wasn't as good as the RRR AGM,Andrew struggled to answer some very simple questions regarding whether the Oracle options had expired .Even worse was when he wasn't really sure what the DNi options were,and that deal was only made about a month ago.The most embarrassing part was when Andrew got asked about what sort of percentage range would he put on the DNi process being successful ,seeing as he had previously stated the probablility of success was somewhere between 70-90%.That question got answered by Mike Nott ,a shareholder not a RGM director his reply made no sense what so ever and was just a total load of words.Out of mercy the question wasn't pursed.

The real answer to the probability in percentages of the DNi process being successful is 99-100% and the reason for that is, just because the plant has been there ready and waiting for the Thermaflite unit to arrive for the last few months,doesnt mean certain parts haven't been extensively tested including the thermaflite unit itself before shipping,and because of all this hard work we have already passed the 60% point in knowing that the process works still with no red flags at scale not just at lab. scale inc.the acid recycling part of the cycle.That means that the only bit left is to collect and fit the Thermaflite unit (expected arrival 10th Jan ,I think) and then press the start button.It isn't a question of whether nitric acid can liberate the nickel, we already know it can as it is basic chemistry,and it is that part of the process that makes up the remaining 40% to be tested at scale.For that reason I would expect a preliminary DNi successful anouncement shortly after the plant gets commissioned.The main preliminary purpose of the process plant is to simply demonstrate that it can operate in a lock in cycle ,all the parts working as they should isn't really in any doubt here.What that means is during a lets say a 24hr cycle does the filtration system fill up quicker than previous expected for example.The other purpose for the test plant is to aid the company for when this gets to the design stage of the first actual plant.

In fairness to Andrew he was the one that found DNi and if it wasn't for him doing the deal ,2012 would have been just another year, instead it is going to end up being a life changing year for everyone involved.

http://www.youtube.com/watch?v=lZHofJPf1BA&feature=youtube_gdata_player

http://img16.imageshack.us/img16/7596/cid3408280262262543.png

http://www.directnickel.com/progress/phase-three.htm




Phase Three includes Demonstration Plant

Demonstration Plant program has been completed.

The Demonstration Plant will de-risk the Process
Each part of the flow sheet will be used to produce precise design criteria for the commercial plant
Producing sample product for downstream studies
Verify the applicability of stainless steel as major materials of construction
Raise market confidence and awareness of the Process

****Program partially complete with demonstration of reagent recycle successfully completed in August 2010****


As the link above shows ,far from DNi* letting the grass grow around their feet,(I think they will be letting their tailings do that)they have been testing what parts of the process demo plant they can at scale.Everything that can be tested has passed successfully and those parts that have, were the most tech. parts of the process ,so in doing so they have seriously de-risked a large part of the DNi* process.

As I understand it the shipment should be arriving between the 16th - 23rd (but I might be wrong and it comes sooner).

As I also understand it, new companies floating in Australia need 1 years running costs by law,so that explains why $15-20m is required to be raised before the company is floated.This is just a guess but I would expect the order of play to be something like this.

!) Shipment arrives and is fitted.

2) Ore leaching apparatus tested(which is pretty much the only and last piece of the tech.jigsaw puzzle left to complete)

3) Announce phase 3 preliminarily successful

4) Raise $15m (mid to end Feb 2012) floatation

5) 100 day lock-in starts (March)

6) Results of the 100 day lock-in June 2012



Clive


As far as further JV's goes ,there are 4 potential JV's in the pipeline ,which for reasons I can't understand aren't going to be announced until after floatation.May be that might have something to do with the ASX running costs rules or something.Again this is only a guess but I am expecting any future deals to be much more biased in DNi*'s favour,in other words I am not expecting anymore 50-50 partners,and that might be why there is a rumour about DNi* falling out with HZM.The other trouble of course with a HZM partnership is ,Brazil is a long way from the main nickel market .Seeing as DNi* can pick and choose who its partners are going to be ,HZM being a million miles away ,might have to give up a lot more of its asset as an sweetner to getting DNi* on board.The last I heard DNi* was targeting 10Mt of nickel and obviously a large part of that is going to be coming from Mambare.With Mambare's recent drilling results showing much more higher graded nickel then has previously been seen and at twice the deepth previously drilled (saprolite),and with less than 1 sqm of the plateau explored out of 120sqm,what that is going to do to DNi*'s 10mt nickel target ,I don't know.


Clive, I like the chart stuff you are doing ,it defo.looks like the tide is turning here.RR's tide also seems to be turning ,only the other way,which a few months ago would have been a big deal,but now that DNi* are at last reaching the final stage,RR news is going to start becoming less and less significate to Regency.Without going into RR's plight for 2012 in too much detail,their main problem is an all essential 0.5% Mt Ida sale,which is starting to look more and more like aload of Bell-ybutton fluff. .Anyway they still look good to me(long term),but are much more of a Q3 2012 stock and probably aren't worth holding in the short term,where as what sort of value do you put on RGM in about 2-3 months time ???

One more thing to remember,every time DNi* takes on another asset the value of that asset goes up 20-30 fold,and that value gets added to DNi*'s SP/Mkt.Cap ,with 7-8% of that added value getting passed down to Regency.

7 December 2011





Alba Mineral Resources plc



Exploration Option and Joint Venture Agreement over Limerick Zn-Pb Project





Alba Mineral Resources plc (AIM: ALBA) ("Alba" or "the Company"), a UK based exploration company, is pleased to announce that Teck Ireland Ltd. ("Teck"), a subsidiary of Teck Resources Limited, a Canadian-based diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy, has entered into an exploration option and joint venture agreement (the "Option Agreement") with the Company.



Highlights



· Teck has entered into the Option Agreement with the Company on the Company's Limerick Zn-Pb project in County Limerick, Ireland



· Teck has an option to earn a 75% interest in the Limerick project before the formation of a joint venture ("JV") company to be held 75% Teck, 25% Alba by completing US$400,000 of exploration expenditures over a four year period



· Programmes of ground geophysics, soil geochemistry and possible diamond drilling are planned during 2012



Michael Nott, Chairman, Alba Mineral Resources, commented:



"We are very pleased to be able to announce this deal that we believe represents an extremely important development for Alba. We are delighted to have a company of Teck's reputation and expertise working with us on our Limerick property, which we believe holds significant commercial potential for the Company. The agreement gives Alba exposure to the extensive base metal exploration expertise of Teck, greatly enhancing our exploration of this project. We are optimistic that our cooperation on this project will prove to be beneficial for our mutual shareholders."





Option Agreement



Teck has entered into the Option Agreement with Alba, through its 100% wholly owned Irish subsidiary, Aurum Mineral Resources Limited, in respect of the Company's Limerick base metal project, in which the Company holds a 100% interest.



Under the terms of the agreement, Teck has the option to earn a 75% interest in the Limerick project before forming a JV company, to be held 75% Teck, 25% Alba, by completing the payment in tranches of US$400,000 of exploration expenditures over a maximum four year period. The tranches are payable as follows:



Payment due on or before
Cumulative Expenditures

30 June 2012
US$100,000

30 June 2013
US$200,000

30 June 2014
US$300,000

30 June 2015
US$400,000




Payments due under the Option Agreement may be extended by six months to 30 December of the respective year within which the payment is due, provided that the Company is given notice prior to the date on which the payment is due. Should any payment due be not made by the date specified if no such notice has been received by the Company, or by the extended date (as the case may be), the Option Agreement shall be terminable immediately at the Company's discretion.



Alba can maintain their interest in the JV company by contributing according to their participating interest or elect to dilute to below 10% whereupon Alba will be deemed to have transferred its remaining interest to Teck and shall thereafter be entitled to a 0.5% Net Smelter Return Royalty ("NSR") during the first three years of production and 2% NSR after that date.



The project, which comprises a prospecting licence, is located in County ("Co.") Limerick, Republic of Ireland and work to date has confirmed the presence of geochemical soil anomalies coincident with a strong development of dolomitization, determined through drilling, within the Waulsortian Limestone Formation ("Waulsortian") near the contact with the underlying Argillaceous Bioclastic Limestone Formation ("ABL"). The Waulsortian-ABL contact is known to host base metal deposits in Ireland such as the mines at Lisheen (Co. Tipperary) and Galmoy (Co. Kilkenny), and the new exploration play at Stone Park (Teck) and Caherconlish (Xstrata). These deposits are located approximately 8 km north-northeast from the Limerick Project



Alba and Teck plan to conduct programmes of ground geophysics and shallow soil sampling. Drilling of identified targets will be undertaken where warranted.



ENDS

Some questions for Mr Bell


1. Who are IPCM ? Does the company exist - noone can find any record of the company ?

2. Who did Andrew Bell meet with at ‘several meetings’ with IPCM as detailed by him in an email to a BB poster on My Stock Buddy. When and where and with whom ?

3. Why is there no evidence on NEX – Sedar or on any other Canadian regulatory agency of the announcement ?

4. On what supporting evidence did you the Nomad authorise the release of the announcement of 1 st October 2010 and subsequent announcements ?

This proposed deal which was to boost RRR coffers by $10 million was a very important reason many people invested in RRR. But now the deal has been rescinded and we can't find either IPCM or any announcment to NEX or Sedar. :ohno:

Absolute crap Andrew Bell -Macalder is a DOG and will NEVER be a profitable project -dribble dribble :bash:

From AB himself

"You perhaps haven’t read the announcement in depth. Remember it took a long time to write; it’s not expected that it should be understood at a cursory glance.

It does NOT say that only in the last year is the project in profit. Quite the opposite. It will be in profit immediately. It produces a positive NPV over and above our hurdle rate. The point of a hurdle rate when looking at projects is that even if the project exceeds the hurdle by only £1 in NPV, you always decide to proceed. Always. That’s the whole point.

Incidentally, we expect to bring the project in on better costs. The contingencies you see are high: but we believe recoveries can be higher and base costs much lower."

Those are stunning grades on the plateau - I give credit where credit is due and if those sort of grades can be replicated in terms of tonnage there is no doubt Mambare is indeed one of the largest and highest grade lateritic nickel deposits in the world. I promoted it as such when i pegged it many years ago -with no support from anyone including Andrew Bell -so it does my heart good to see 'my baby' grow as it is now growing into a major nickel project. Watto

Regency Mines PLC

Mambare Nickel Laterite Project Drilling Results


Dated: 3 February 2012

Regency Mines plc ("Regency"), the mining exploration and mineral investment company with interests in nickel and other minerals in Western Australia, Queensland, Papua New Guinea and Pakistan is pleased to announce positive assay results from recent drilling at the Mambare Nickel Laterite Project in Papua New Guinea.

Highlights of the assay results include hole MAM-KK-0051 which has recorded the highest nickel grades to date at the project at 3.28% Nickel, 0.12% Cobalt from a 1m interval from 15.95m.

These results confirm the significant grade and tonnage potential of the Plateau (Area 1) zone at Mambare. The Plateau area, never previously drill tested, is an extensive area around 5km by 16km, which is the major target for future exploration, with potential to host one of the world's largest nickel laterites. Assays from the first two holes drilled on the plateau, MAM-KK-0051 and MAM-KK-0041 have both returned positive results.

Continued positive results from the North Ridge Extension (Area 2) zone, north of the 2008 drilling on the lower southern slopes of the plateau, confirms the continuous nature of mineralization along the ridgeline, including zones of up to 22.87m at 1.42% Nickel and 0.06% Cobalt from 7.73m depth identified in hole MAM-KK-0018.

Key results from this batch of sample assays are summarized below:

Mambare Area 1 - Plateau


Location
Intersection (m)
Grade
Hole ID
Easting
Northing
From
To
Interval
%Ni
%Co
MAM-KK-0051
582010
9029210
10.00
29.40
19.40
1.7
0.06
including




13.35
19.15
5.80
2.79
0.12






15.95
16.95
1.00
3.28
0.12
MAM-KK-0041
581795
9029205
22.30
25.55
3.25
1.45
0.11


Mambare Area 2 - North Ridge Extension


Location
Intersection (m)
Grade
Hole ID
Easting
Northing
From
To
Interval
%Ni
%Co
MAM-KK-0018
582213
9026960
7.73
30.60
22.87
1.40
0.06
including




16.02
25.35
9.33
2.04
0.05
MAM-KK-0019
582310
9026962
6.10
28.00
21.90
1.14
0.10
including




15.00
20.05
5.05
1.98
0.08
MAM-KK-0021
582718
9026963
4.15
18.00
13.85
0.78
0.09
MAM-KK-0031
581812
9027375
18.95
23.00
4.05
1.33
0.06
and




26.00
30.55
4.55
0.98
0.03
MAM-KK-0032
582011
9027360
10.00
23.90
13.90
0.86
0.05
including




16.45
19.60
3.15
1.17
0.09


These results were derived from 228 samples from 8 drill holes. All 8 drill holes included assayed intervals with Nickel grades above 1%. Of the 228 samples tested, 110 were above 0.7% Nickel, including 63 above 1% Nickel.

Sample testing was conducted by Intertek Jakarta, based on 1m samples of NQ core. Assay results are presented on a dry basis. Average grades are calculated by weighted average. A table of the drilling results is given in the appendix to this announcement.

Exploration at the Mambare Nickel Laterite Project is being undertaken by the 50:50 Joint Venture with Sydney based Direct Nickel Pty Ltd. All drilling in the current campaign was completed in December 2011, and further assay results are expected in the coming weeks.

Welcome back kenny,out of interest, when exactly did you leave RGM?

And well done BTW for giving credit where credit is due to yourself on the Mambare drilling results executed by DNi.




www.rns-pdf.londonstockexchange.com/rns/6671Y_2-2009-9-7.pdf

www.rns-pdf.londonstockexchange.com/rns/6671Y_1-2009-9-7.pdf

I have been looking over the 2008 drilling results this afternoon,and it would appear that they managed to produce 4000 metres of drilling consisting of 334 holes on a 200 x 400m drill spacing.

The 2011 drilling program focused on infill drilling around the highest graded holes from the 2008 campaign as a way of engineeering the maximum JORC tonnage possible.90 holes were dedicated to this to ensure maximum Measured Resource status could be achieved.

So far we have seen the results from 17 holes all taken from the North Ridge Extension Zone, then yesterday a further 6 from the NREZ and 2 from the never previously drilled plateau and there are a further 38 more assay results from the plateau for us to look forward to over the coming weeks.From memory the plateau is 80Sqkm ,why they didnt start at the plateau in the first place still remains a bit of a mystery,anyway we are there now and it is from the plateau that we are going to see why Mambare is twice the monster we already thought it was before we started.

The other approach the company has taken to maximise Measured Tonnage is to put aside an additional 60 holes for follow up infill drilling around the higher graded holes.The way they have managed to achieve this it by using XRF handheld core testers .XRF's tell the operator the nickel contents as soon as the sample has come out of the ground (live) instead of the usual 6 month (at the lab.)wait.In other words they know which holes produced the highest grades and so know where to infill and all this can be achieved during the very same drilling campaign.

Finally a 37 line km Ground Penatration Radar Survey should also help with some of the Indicated.

As I understand it a back to back 2012 drilling campaign is already being planned which may include some exporting of Mambare laterite to Freemantle,you never know.

You are a Johnny Come Lately expert in everything connected with the Bell Dynasty. You had better pray Andrew Bell has the anwers we require on the Kansai Affair or you will be a shattered man. Then I bet we never hear from you aga:ohno:in -

I have not claimed to have done recent exploration work at Kokoda - now Mambare - but without my vision there would have been no Mambare in RGM in the first place. I resigned from RGM and RRR of my own volition in May 2009.

I secured the tenement - I initiated everything that positioned Mambare to be developed. I find your post offensive and yet another example of your blind faith in a board of directors who have many questions to answer in terms of management of our companies. Stay tuned -:)

I dont care about RRR,Kansai or any other RRR asset any more.I am not a share holder and I never have been.

What were your responsibility's during the 2008 Mambare drilling program?Probably very little seeing as you know so little about it.

Have you heard any more from puppydogs solicitors ?

Which parts of my post offended you????

Anyway welcome back and hopefully this time Atino/Rodrigo Rascacielos will keep away.

http://img16.imageshack.us/img16/7596/cid3408280262262543.png

Nice to know you are not an Andrew Bell stooge -hard to imagine otherwise at times but I will give you the benefit of the doubt. Your REAL indentity would help dispel the impression you simply copy flow sheets and technical articles on lateritic nickel from the internet.

Have you ever secured a nickel project in your own right as I did in PNG -ever found a gold mine as I have done -ever produced gold -ever manufactured and marketed new and innovative mining equipment to world markets. If I knew for sure you were not simply a stooge of Andrew Bell maybe we could even be friends. PS I have other nickel projects in PNG that also have considerable prospectivity and sulphide nickel is still a distinct possibility discovered by a geologist friend about 40 years ago.

You do yourself a disservice promoting the impression that RGM and DNi are Gods gift to the nickel industry when they have simply continued on with other peoples dreams and ambitions and are promoting one of many technologies which 'might' revolutionise lateritic nickel processing.

Poor old AutraKen! The company is certain he had nothing to do with getting Mambare into Regency, and nothing to do with ANY work done there, but now he claims credit for.......everything!

We thought before his was a case of:

"Old men forget; yet all shall be forgot,
But he'll remember, with advantages,
What feats he did that day"

But if he wasn't even on the field of battle?

Kenny,you didn't answer any of what should have been very easy questions.

Have you heard any more from puppydogs solicitors ?

Are you attending this years Alta conference?Dni have presented there for the last 2 years.

http://www.altamet.com.au/next_conference.htm

The lunatic brigade are back. It is easy to check the company that secured Kokoda as it was then called -the initial directors for many years - or call up my co director whom I made a partner - Graham Rolfe. But a fuckwit like Bulldog would not think of something as simple as that -another boot licker.
As you you Kokaji -the really big bootlicker - I have no idea who Puppy Dog is and frankly dont care -

Bye Bye I will not converse with sewer rats -

Sorry Ken I don't know any more of your national anthem.

http://www.youtube.com/watch?v=bBqiFkkB9sE&feature=related

I am interested to hear your views on AB's coded message to you on this recent RGM interview?

http://www.youtube.com/watch?v=mxKR6rdD468

What were your responsibility's during the 2008 Mambare drilling program?

:bash::bash:

Stay tuned cock suckers :banana:

Time to close this thing down.

What were your responsibility's during the 2008 Mambare drilling program?

:banana::banana::banana::banana:

Some questions for Mr Bell


1. Who are IPCM ? Does the company exist - noone can find any record of the company ?

2. Who did Andrew Bell meet with at ‘several meetings’ with IPCM as detailed by him in an email to a BB poster on My Stock Buddy. When and where and with whom ?

3. Why is there no evidence on NEX – Sedar or on any other Canadian regulatory agency of the announcement ?

4. On what supporting evidence did you the Nomad authorise the release of the announcement of 1 st October 2010 and subsequent announcements ?

This proposed deal which was to boost RRR coffers by $10 million was a very important reason many people invested in RRR. But now the deal has been rescinded and we can't find either IPCM or any announcment to NEX or Sedar. :ohno: :banana: