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
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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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