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"
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 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