Company
Mineral & Financial Investments Ltd
LON:MAFL
Mineral & Financial Investments Ltd has an interest in the Lagoa Salgada VMS Project in Portugal. The initial feasibility study for Lagoa Salgada has revealed a post-tax net present value of US$147mln, a 39% internal rate of return and cashflow of US$56mln in the first five years based on 124mln pounds of zinc a year of production.
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Investments and investor services
Mineral & Financial says study underscores Lagoa Salgada potential
Partner Ascendant commissioned the study, which showed a post-tax net present value of US$147mln
Investments and investor services
Mineral & Financial welcomes UK agency interest in key project
Shares in MF&I jumped 11% to 19.75p
Investments and investor services
Mineral and Financial expects Lagoa Salgada study next month
A set of final metallurgical study results will be also published in the "coming weeks"
Investments and investor services
Mineral and Financial jumps on Costa Rica streaming deal
Construction of the new carbon-in-leach mill began in December
Investments and investor services
Mineral and Financial Investments eyes additional copper at Lagoa Salgada
"We are encouraged by the confirmation that South Zone also appears to hold copper-dominated mineralisation"
Investments and investor services
Mineral & Financial eyes copper at Lagoa Salgada after more bumper drill results
Subsidiary Redcorp said three holes were drilled to support metallurgical variability testing
Investments and investor services
Mineral & Financial Investments asset value rises again
Mineral & Financial offers investors an inside track to a fairly broad range of junior commodities projects
Investments and investor services
Mineral and Financial Investments says investee firm Ideon gets US$16.0mln equity injection
Ideon is a world pioneer in the application of cosmic-ray muon tomography and its Discovery Platform that can provide x-ray-like visibility up to 1 kilometres beneath the earth's surface
Investments and investor services
Mineral and Financial extends feasibility study deadline for Lagoa Salgada
"An integral part of being recognized as a world-class project is a high-quality feasibility study"
Investments and investor services
Mineral & Financial heartened by latest drilling results from Lagoa Salgada
Drill hole assays continue to support resource conversion for the ongoing feasibility study at the Venda Nova deposit
Investments and investor services
Mineral & Financial says Ascendant has met first earn-in threshold at Lagoa Salgada
Ascendant expects to pay an additional US$2.5mln to MFI by December 22, 2022.
Investments and investor services
Mineral and Financial Investments boosted by Portugal exploration results
"We look forward to initiating future drilling programs as we look to expand the overall resource potential on the greater Lagoa Salgada land package."
Investments and investor services
Mineral & Financial rockets on 'exceptional' results from drilling at Lagoa Salgada
Results included 109m at a huge grade of 20.2% zinc equivalent from one hole
Investments and investor services
Mineral and Financial Investments on track with Lagoa Saldada study
“We remain confident these programs will deliver a robust development plan for an initial mine at the Venda Nova property.”
Investments and investor services
Mineral & Financial expects inflation to lift commodities further
"Inflationary pressures triggered by manufacturing and transportation delays caused by COVID 19 are not "transitional" and will require policy adjustments"
Mineral & Financial Investments results confirm strong performance
“We continue to outperform the relevant internal key performance indicators that we measure our performance against."
Investments and investor services
Mineral & Financial Investments begins drilling in Portugal pyrite belt
A total of 15,000 metres of drilling is planned with the aim of producing a feasibility study by the end of next year
Investments and investor services
Mineral & Financial's Redcorp and Ascendant agree mining concession for Lagoa Salgada project
The initial contract term is for 20 years, and renewable for two extension periods of 15 years each
Mineral & Financial delighted with Lagoa Salada PEA, but just 'the beginning' it says
Redcorp / Ascendant are now advancing the project through to the Feasibility Study stage.
Mineral and Financial reports significant metallurgical progress at Lagoa Salgada
Mineral and Financial has a diverse portfolio of investments in mining and commodities
Mineral and Financial encouraged by drill results at Lagoa Salgada
"While the resource update is modest in size, it is impressive given the budgeted amount of drilling.."
Mineral and Financial receives scheduled US$1m cash payment from Ascendant Resources
The deal with Ascendant Resources was struck in 2018
Mineral and Financial Investments reports 13% rise in net asset value in its third quarter
"We believe that the economic setting will result in gold performing significantly better over the next 12 to 24 months," it said
Mineral & Financial NAV rises to record
NAV has grown by a compound growth rate of 26.7% over the past five years
Mineral and Financial begins to build a position of real strength at Lagoa Salgada
Mineral and Financial has a broad portfolio of strategic and short-term investments
Mineral and Financial sees expansion potential at Lagoa Salgada after resource upgrade
The whole Lagoa Salgada Project now has a total resource of almost to 25Mt
Mineral & Financial Investments unveils new chairman
The company said Mark Brown has been appointed as an independent member of its board of directors in addition to the chairmanship
Mineral & Financial begins second phase of drilling at South Zone of Lagoa Salgada
The company said the program will consist of 1,400 metres of drilling and downhole IP surveys and follows what it said was “very successful” phase 1 drilling
Mineral and Financial Investments optimistic over commodity prices
As the price of gold headed towards US$2,000 an ounce the company took the opportunity to cream off some profits in overweighted gold positions
Mineral & Financial reports copper intersections from first holes at Lagoa Salgada
"This project has the potential to be yet another future large producer on the belt"
Mineral & Financial Investments advances as results confirm strong NAV growth in 2020
“We believe commodity prices will be buoyed in 2021 by a growing shift from financial assets to hard assets and a weakening US dollar," the company said
Mineral & Financial Investment excited as Ascendant kicks off exploration programme at Lagoa Salgada
“We hope that this exploration program will greatly improve copper tonnage and grade,” said chairman Jacques Vaillancourt
Mineral and Financial Investments invests in exploration technology pioneer Ideon Technologies
The Ideon technology could reduce drilling costs and risks, saving time, and minimizing the environmental impact, said M&FI chairman Jacques Vaillancourt.
Mineral and Financial Investments amends terms of Ascendant Resources earn-in
Ascendant’s next payment of US$500,000 will be satisfied by six monthly payments of US$100,000 (a total of US$600,000), and an additional security pledge
Mineral and Financial says net asset value up by more than 10% in first quarter of 2020
NAV rose to £5.3mln from £4.8mln a year earlier while NAV per share jumped 10.6% to 15.1p at the end of March 2020 from 13.6p at the end of March 2019
Mineral & Financial Investments highlights exploration plans for Lagoa Salgada project in Portugal
The plans, which follow a robust Preliminary Economic Assessment, include an extensive drill programme (8,000 metres) and IP data capture in the Lagoa Salgada area
Mineral & Financial investee firm Cerrado Gold to acquire Don Nicolas mine in Argentina
The London listed investor owns about 1.5% of the private gold miner.
M&FI positioned for precious metals rally and boosted by ETF
The investor achieved NAV growth in the face of market headwinds including weaker zinc prices and a recently strengthening pound.
Mineral & Financial’s Ascendant Resources files technical report for maiden PEA at Lagoa Salgada project
The company said the PEA outlined “a highly profitable project” with 10.3mln tonnes of measured and indicated resources and 2.5mln tonnes of inferred resources in the north zone
Mineral & Financial report shows potential for low-cost Lagoa Salgada mine
“We have demonstrated a long-life mine with a modest initial capital and very low operating costs while also having a rapid timeline to production”
Mineral & Financial Investments receives Ascendant Resources payment as Lagoa Salgada PEA is awaited
The US$500,000 payment comes as part of an earn-in deal under which Redcorp's Lagoa Salgada polymetallic project is being advanced.
Mineral and Financial sees sharp uplift in net asset value
With the exception of Ascendant Resources, the broader tactical portfolio performed well during the quarter, up 25% after stripping out Ascendant
Mineral & Financial's asset value rises 95% in latest full-year
The firm has also taken full ownership of TH Crestgate, which owns 75% of the Lagoa Salgada base and precious metal project in Portugal
Mineral and Financial Investment upgrades zinc resource in Portugal
Resources in the most certain or measured category rose by 57% to 2.8 Mt at 10.7% ZnEq.
Mineral and Financial Investments says Portugal project boosted by updated mineral resource
The updated mineral resource will be used in a preliminary economic assessment, earmarked for completion before year end
Mineral & Financial’s potential free carry to production at Lagoa Salgada could be worth a whole lot more than was previously thought
A resource update for Lagoa Salgada is due soon, and will be followed by a PEA
Mineral and Financial Investments reports encouraging drill results from Lagoa Salgada project
"The results being achieved at Lagoa Salgada confirm our belief in both the geology and the team exploring the deposit,” said chairman Jacques Vaillancourt.
Mineral & Financial eyes “significant” expansion of deposit at Portuguese zinc project
Results from 15 holes included significant length intercepts of greater than 20% zinc equivalent mineralization and as high as 30.14% zinc over 12.2 metres
Investing in gold equities in London isn’t what it used to be, but there are still plenty of attractive opportunities to be had lower down the market
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Mineral & Financial Investments acquires interest in Costa Rica gold mine venture
“Bellavista should be in production during 2019 and is precisely the type of near-term cash flow opportunity that M&FI is seeking," said Jacques Vaillancourt.
Mineral and Financial says joint venture partner will be spending US$5.2mln on Lagoa Salgada this year
The proposed work programme has exceeded MAFL's expectations
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Mineral and Financial books £722,000 pretax profit in interims, NAV at record high
The zinc resource at Lagoa Salgada may yet go higher, as more drilling is planned
Mineral & Financial's net asset value hit all-time high in final quarter of 2018, boosted by TH Crestgate mop-up
In a fourth quarter operational update, the AIM-listed firm said its fully-diluted NAV per share as at December 31 was 12.54p, up 72.5% from a year earlier, a new all-time high
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Mineral & Financial Investment says total resources for the Lagoa Salgada have more than doubled
In an update on the exploration programme, the AIM-listed firm said that Lagoa Salgada's North Zone had its first measured mineral resource of 1.8mln tonnes at 11.02% zinc equivalent
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Mineral and Financial Investments lauds “transformational results” from first full drill program on Lagoa Salgada
The mining investment group said the programme has been “very successful at confirming and expanding high-grade mineralization in the Main Massive Sulphide Zone"
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