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Syndicated Metals Ltd.

Publié le 16 janvier 2014

(SMD) =2D Barbara =3A Looking Good=3B BUY=2C last price 3.7c target price 8.5c =2D upgrades to follo

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  • Infill and extension programme to upgrade 5.3Mt Indicated and Inferred Resource completed, meeting or exceeding expectations.
  • We expect that the Resource and mining inventory will be upgraded leading to an increase in our valuation, which currently remains at 8.5c/share.
  • Phase 2, to prepare for mining, is to begin soon.
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Resource upgrade drilling completed

SMD is managing the process to bring Barbara into production. The first step was a 45 hole RC programme, for 4,332m, which was completed in December and all assays received by early January.

 

Barbara currently has a JORC Resource of 5.3Mt, grading 1.4% Cu. The aim of the recently completed programme was to upgrade the resource estimate, which is 3.8Mt Indicated, grading 1.5% Cu plus 1.5Mt Inferred grading 1.1% Cu, and also to test extensions to surface, along strike and at depth.

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Results from completed drilling

The programme was successful in confirming:

  • SMD's interpretation of a high grade (> 2.5% Cu) hanging wall lode supported by thick zones of lower (> 0.5% Cu) mineralisation;
  • A near surface high grade lode in the south, and confirming a blanket of lower grade, oxidised mineralisation from the surface; and
  • High grade depth extensions.
The programme has completed the in-fill drilling within the designed pit shell and has confirmed barren areas within the pit shell.

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Next steps

SMD expects to resume their drilling programme late in January, to test for water, geotechnical and metallurgical work and further infill drilling.

 

The plan is still to begin ore extraction later in 2014.

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Beer & Co. conclusions

Compared with a JORC Resource of 5.3Mt at 1.4% Cu, the mining inventory on which our valuation is based is 1.2Mt at 1.9% Cu. We expect that the mining inventory will be upgraded and that costs will be lowered due to lower waste to ore ratio.

 

Beer & Co. confirms our current valuation, of 8.5c/share, but notes the upside potential from lower costs, extensions of high grade mineralisation at depth as well as the regional potential for SMD

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DISCLAIMER IMPORTANT: This message is for the intended recipient's use only. If you are not the intended recipient(s), please notify the sender immediately and delete the message and any attachments from your system. This message may contain confidential, proprietary or privileged information. No confidentiality or privilege is waived or lost by any transmission errors. You should not read, print, copy or use it for any purpose, nor disclose its contents to any other person. Beer and Co Pty Ltd cannot guarantee that this email message is secure or error-free. No guarantee is made that any attachment(s) are virus free. You should check all emails and attachment(s) for viruses and defects before opening and using them. Beer and Co Pty Ltd and its associates hold or may hold securities in the companies/trusts mentioned herein. To the extent that this email contains any financial product advice, it is limited to general advice only. Although the information is believed to be reliable, Beer and Co Pty Ltd does not guarantee its accuracy and it may be incomplete. Unless stated otherwise, Beer and Co Pty Ltd has not taken into account your investment objectives or financial situation when preparing the information contained in or attached to this email and therefore may not be applicable to your particular circumstances. You should obtain your own financial advice before making an investment decision. Past performance is no indication of future performance. Any reference to the terms of executed transactions is preliminary only and subject to written confirmation. This email is made available to you in Australia by Beer and Co Pty Ltd (ABN 88 158 837 186, AFSL 224 313).

Syndicated Metals Ltd.

EXPLORATEUR
CODE : SMD.AX
ISIN : AU000000SMD4
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Syndicated Metals est une société d’exploration minière d'or et de cuivre basée en Australie.

Ses principaux projets en exploration sont MOUNT ISA, GEORGINA BASIN, EXMOUTH, MOUNT REMARKABLE et KALMAN SOUTH JV en Australie.

Syndicated Metals est cotée en Australie. Sa capitalisation boursière aujourd'hui est 3,2 millions AU$ (2,0 millions US$, 1,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 15 avril 2011 à 0,23 AU$, et son plus bas niveau récent le 03 avril 2020 à 0,00 AU$.

Syndicated Metals possède 634 480 000 actions en circulation.

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Présentations des Compagnies de Syndicated Metals Ltd.
07/05/2008Hartley's Research Report
Financements de Syndicated Metals Ltd.
18/12/2009raises $2.36 million in Private Placement
Nominations de Syndicated Metals Ltd.
24/05/2010Appointment of Chairman
04/11/2009Appointment of Corporate Adviser
Projets de Syndicated Metals Ltd.
16/01/2014(SMD) =2D Barbara =3A Looking Good=3B BUY=2C last price 3.7c...
16/05/2011Syndicated and Cerro in agreement to unlock value and expedi...
11/05/2011High Grade Copper-Gold Hits Confirm Blue Star Potential
12/08/2010(Mount Remarkable)17.8% copper intersection at Barbara South Lode
26/05/2010(Mount Remarkable)New Copper and Cobalt Discoveries
17/06/2010(Barbara)Barbara Project Continues to Grow with new Copper-Gold Hits
10/05/2010(Barbara)High Grade Copper-Gold Hits Boost Syndicated's Barbara Proje...
10/05/2010(Barbara)Reports High Grade Copper Hits
26/03/2010Moves Towards Project Development Target As RC And Diamond D...
26/03/2010(Mount Remarkable)Drilling Restarts at Mount Remarkable
01/03/2010(Barbara)Maiden Resource Reported for Barbara North Lode
01/03/2010(Barbara)Barbara Resources Increase to 47,000 Tonnes of Copper
23/11/2009High Grade Copper Hits Keep Coming From Syndicated's Barbara...
23/11/2009More High Grade Copper from Barbara Project
05/11/2009(Kalman South Jv)Positive Exploration Results Enhance Kalman South Joint Vent...
05/11/2009Step-out Drilling Extends High Grade Copper Zone at Barbara
22/10/2009More High Grade Copper Hits at Barbara Project
10/08/2009(Mount Remarkable)Drilling Success at Barbara Copper Project
02/06/2009(Mount Remarkable)Commences Drilling to Expand Existing Copper Resource at Mou...
04/02/2009(Kalman South Jv)Syndicated announces new Copper-Gold-Molybdenum Joint Ventur...
18/09/2008(Mount Remarkable)Syndicated announces more significant copper-gold drill resu...
22/08/2008(Kalman South Jv)Reports Further Results From Significant Copper-Molybdenum -...
04/07/2008(Kalman South Jv)High Grade Copper Intersection at Kalman South
23/06/2008(Exmouth)Initial Field Program Underway at Exmouth Project New Teneme...
14/05/2008(Mount Remarkable)Project Continues to Return Promising Results
20/03/2008(Mount Isa)RC Drilling Program Starts at Syndicated's 100% owned Mount ...
19/03/2008(Exmouth)Phosphate Potential at 100% Owned Exmouth Project to be Eval...
Communiqués de Presse de Syndicated Metals Ltd.
26/07/2016Syndicated Acquires WA Gold Project
04/04/2016Issue of Shortfall Shares & Appendix 3B
29/01/2016Results of Meeting
26/11/2015AGM 2015 Results of Meeting
28/10/2015Mining and Off-Site Processing Study for Barbara Completed
28/10/2015New Strategic Direction For Syndicated
14/09/2015New Regional Drilling Program Commences
21/08/20152015 Corporate Governance Statement and Appendix 4G
17/08/2015Exploration Program Delivers Multiple New Drilling Targets
07/07/2015Major New Copper Exploration Program Underway
01/07/2015Managing Director Interview and Investor Presentation
16/04/2015Closure of Entitlements Issue
18/03/2015Letter to Excluded Shareholders
18/03/2015Letter to Shareholders
16/03/2015Entitlements Issue Offer Document
16/03/2015Entitlement Offer s708AA Notice
29/12/2014Acquisition of Tick Hill Tenement Package
28/04/2011Intersuisse Broker Report
23/08/2010Syndicated strengthens tenement position around Kalman with ...
23/08/2010Syndicated Strengthens Tenement Position Around Kalman with ...
12/08/201017.8% Copper Intersection at Barbara South Lode, Queensland
29/07/2010Quarterly Report for the Period Ending 30 June 2010
24/05/2010New Chairman Appointed
14/04/2010New Copper-Gold Targets Identified
12/03/2010Equity Research Report
20/01/2010Quarterly Report for the Period Ended December 31 2009
23/12/2009Wraps Up Successful Drilling Program At Barbara Copper Proje...
24/11/2009Press Article - Garimpeiro
11/09/2009Minesite.com Article
15/07/2009Quarterly Report June 2009
18/09/2008Hartley's Research Report
15/07/2008Infill Copper Drilling Recommences at Barbara Prospect
26/06/2008Hartleys Research Report Attached
06/05/2008 Significant copper-gold drill intercepts at Mount Remarkabl...
30/04/2008Updates Release Date of Assay Results from RC Drilling at it...
29/04/2008Quarterly Activities Report
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