15 September 2021
September: the month of gargantuan spiders, the return of Strictly, new stationary for the new school year (no matter how many years it’s been since you left school) and fashion commentary far and wide following the Met Gala. It was also the month Blytheweigh finally came together for our summer party, but there’s more on this later in this month’s blog. We also look at some of the month’s headlines centred on stress relief tactics, and we take a closer look at a milestone for Oriole Resources and the development of the Senala project in Senegal.
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A story that caught our eye this month came from The Guardian which reported that doctors in Brussels have been prescribing museum trips in a bid to lower stress levels and instances of burn out, which had been exacerbated by the pandemic. During a three-month trial, patients from one of the largest hospitals in Belgium will be prescribed free visits to museums in the country to see what impact the outings have on alleviating symptoms. Social prescriptions are not new, however, in 2017 an NHS trust recommended arts on prescription to improve the day-to-day experience of people with Dementia, and doctors in Quebec, Canada, have a scheme whereby they prescribe 50 museum trips per year to their patients.
Another stressbuster? Dropping a swearword here and there. It was recently reported that British people have a new favourite word to drop in times of anger/disbelief/when they’ve stubbed their toe: the f-word. Research contracted by Dr Robbie Love, which entailed sifting through transcripts of conversations from the British National Corpus of Conversation, found that the four-letter word overtook the former favourite ‘bloody’ which had assumed the top spot between 1994-2014. Perhaps unsurprisingly, the research also found that that use of expletives tended to peak in a person’s 20s.
If contemplating ancient artefacts or shouting your favourite expletive doesn’t work, there’s also a boogie to Gimme! Gimme! Gimme! or Mamma Mia, and handily, the Swedish pop icons are back with a new album (that will feature a CHRISTMAS SONG) as well as a ‘concert experience’ tour. Digital versions, or avatars, of the group as they looked ‘in their prime’ will appear alongside a live band in London’s Olympic Park to delight a 3,000 strong audience with performances of the new tracks as well as the classics!
Blytheweigh zooms in… a homage to dining out
We will eventually get bored of drawing comparisons between now (where we can roam in relative freedom, albeit masked up and armed with a negative lateral flow test) and the periods of lockdown we endured, but, for now, having limited access to ‘ordinary’ things remains a fresh memory so we retain the right to celebrate their existence (it also provides easy content and conversation starters, added bonus).
This month we’re shining a light on dining out: food that is overpriced, involves things like edible flowers and foams that we would never involve ourselves with at home and that is presented on plates we don’t have to wash up afterwards. The appreciation post has come around as Blytheweigh (finally) got to enjoy our annual summer party. We reunited at The Aviary, sipped our drinks and admired the views that spanned the city on the rooftop terrace, and went on to catch up over a beautiful three-course meal. Glasses clinked, the space buzzed from the multitude of conversations and the food was delicious – it was everything dining out should be.
We all love working in London – we feel so lucky to be spoilt with world-class places to eat with cuisines from all over the world and we’ve been making up for lost time in the dining out stakes. We thought we’d offer up some of our best finds of late so you don’t have to waste precious time scrolling through TripAdvisor when you could be eating dim sum:
- …from Yuatcha, in the City, highly recommend by Megan. Another top pick was Santo Remedio, a Mexican street food eatery near London Bridge
- Gloria, the Big Mamma restaurant in Shoreditch, was rated as a best recent pick by Rachael, who had the carbonara and the burrata. Their Bora Bora Spritz cocktail is amazing too
- Alice offered up Barrafina, a Spanish tapas bar in Covent Garden, and recommended the courgette flower with goats cheese and honey, “honestly one of the best dishes”
- Meson Don Felipe, a Tapas bar in Waterloo, was thrown into the mix by Sarah, who enjoyed the paella, almond green beans, sardines, calamari, and chorizo, plus a jug of Sangria…obviously
- Naomi sung the praises of Bala Baya, a Tel Aviv-style restaurant in Southwark, and highly recommended the sunny ceviche and the aubergine mess
A focus on... Oriole Resources’ maiden Mineral Resource Estimate for Faré South
There was a milestone announcement from the Oriole camp this month (view release), as the gold exploration company announced it had completed a Mineral Resource Estimate for the Faré South prospect within the Senala project, Senegal. The estimate was compiled by Forge International Limited and was carried out independently of the work currently being undertaken by Oriole’s joint venture partner at the Senala project, IAMGOLD. The work returned a maiden JORC-compliant Resource of 155,000 ounces (“oz”) of gold (“Au”) grading 1.26 grammes per tonne (“g/t”) Au in the Inferred category, based on a 0.3 g/t Au cut off and within a US$1,800/oz pit shell.
The entire Resource has been defined within the limit of an US$1,800/oz pit shell, with more than two-thirds of the Resource being attributed to near-surface oxide material, supporting the case for low-cost extraction should the Resource undergo future development. The Resource sits within a larger JORC-compliant Exploration Target for Faré South which has up to an estimated 280,000 oz Au grading 1.10 g/t Au. Both the Resource and Exploration Target at Faré South are open at depth and along strike to the northeast and southwest.
The maiden estimate was compiled using drilling results from IAMGOLD’s Phase 1 programme completed as part of its investment period at Oriole’s 472.50 km2 Senala licence. The programme included 689.50 m diamond drilling in two holes at Faré South, which returned a number of encouraging intersections, most notably 70.00 m grading 1.46 g/t Au including 31.00 m grading 2.72 g/t Au. These results, along with results from previous drilling work completed by Oriole in 2013 and 2014, were bought together to deliver an important first step in outlining the commercial implications of the Faré prospect.
CEO of Oriole Resources, Tim Livesey, said of the estimate: “Whilst additional work will be required to confirm a larger deposit, capable of supporting standalone economics, there is plenty of potential to expand this maiden Resource estimate, both laterally and at depth, with the addition of more drilling at Faré South.”
As IAMGOLD continues with its earn-in, where it has an option to spend up to US$8 million to earn a 70 per cent interest, more updates from the project will be reported to the market.
The following updates were released from Blytheweigh clients from 15th August – 14th September.
It was interim release month for many of our listed clients, with reports coming in from:
Anexo Group plc [AIM: ANX] (view release), Beowulf Mining [AIM:BEM] (view release), Bluejay Mining [AIM:JAY] (view release), Central Asia Metals [AIM:CAML] (view release), Clontarf Energy [AIM: CLON] (view release), Mkango Resources [AIM:MKA] (view release), Oriole Resources [AIM:ORR] (view release), Phoenix Copper [AIM:PXC] (view release), President Energy [AIM:PPC] (view release), and Thor Explorations [AIM:THX] (view release).
Some exciting news came this month from Apollon Formularies [AQSE: APOL] which announced that it had expanded its production facility in Negril, Jamaica (view release).
Amur Minerals [AIM:AMC] started off this period by announcing the submission of the TEO for Kun-Manie for review by the Russian Government Commission for Natural Resources Reserves (GKZ). The GKZ will establish the reserves available for open pit mining with Kun-Manie having a potential to sustain 11.2 million tonnes per year (view release).
Arkle Resources [AIM:ARK] announced the intersection of the highest grade gold in Ireland at its Mine River project, 51.6 g/t gold from hole seven of its the diamond drilling programme. The programme has been extended to include two further anomalies (view release).
Beowulf Mining [AIM:BEM] submitted concluding comments to the Swedish Government’s Ministry of Enterprise and Innovation on UNESCO’s letter regarding the Kallak Iron Ore project (view release).
A busy month for Botswana Diamonds [AIM:BOD] saw the company announce a Joint Venture acquisition of the Ghaghoo mine in Botswana with Vast Resources (view release) and commence drilling at its Thorny River project in South Africa (view release).
The completion of a further capital raise was announced by Brazilian Nickel, which successfully raised US$24.8 million to advance its Piaui Nickel Project in Brazil to add to the previously raised US$27.57 million in December 2020 (view release).
Cloudbreak Discovery [LSE:CDL] identified an exploration partner, 1315843 BC Ltd, for its recently staked Atlin West Project, which targets gold and silver mineralisation in polymetallic vein systems (view release).
Condor Gold [AIM:CNR] had a busy month starting off by announcing its results from the drilling programme at the La India project (view release), quickly followed by the appointment of John Seaberg as CFO, replacing Jeffery Karoly (view release). It rounded off the month by releasing the Technical Report for La India (view release).
Results from the ongoing drill programme at United Downs were released this month by Cornish Metals [AIM:CUSN] (view release).
A new Operations Manager was announced by European Metals Holdings [AIM:EMH] for its Cinovec project (view release).
Ionic Rare Earths [ASX:IXR] began the month by releasing its updated Corporate Presentation (view release) before announcing additional resource drilling for the Makuutu Rare Earths Project in Uganda (view release). It rounded off the month by announcing that the Retention Licence at the Makuutu Project was approved by the Ugandan Directorate of Geological Survey and Mines (view release).
Los Andes Copper [TSX-V:LA] announced that, in accordance with the terms of the US$5 million, eight per cent convertible debenture issued to Queen’s Road Capital, that it had elected to issue 6,645 common shares in the capital of the company to Queen’s Road Capital as interest payment (view release).
Love Hemp [AQSE:LIFE] announced it had signed a distribution partnership for Asia with eCargo Holdings Limited. Love Hemp’s initial launch into the region will be anchored around both online and offline presences in Hong Kong and South East Asia retail channels, before expanding into India and Japan later, through strategic partnerships with eCommerce marketplaces such as Flipkart and Rakuten in 2022 (view release).
Marechale Capital [AIM:MAC] announced its audited final results for the year ended 30 April 2021 (view release). The company also announced it completed a transaction with the lithium exploration and development company, Weardale Lithium Ltd, in which Marechale has an 8.7 per cent shareholding. In connection with its role in the transaction, Marechale subscribed for founder shares at nominal value (view release).
Oriole Resources [AIM:ORR] managed to fill the month wall-to-wall with news, starting by providing updates to the Senala Joint Venture Project with IAMGOLD by announcing the diamond drilling results at Faré and Madina Bafé (view release) and the RC drilling results at Faré (view release). It later went on to provide results for the initial Stream Sediment Sampling for the Central Licence Package in Cameroon (view release). It rounded off the month with the commencement of the Phase 2 diamond drilling programme at the Bibemi Gold Project in Cameroon (view release).
Pantheon Resources [AIM: PANR] announced it had issued and allotted 1,950,000 new ordinary shares of £0.01 each in the company (view release).
Phoenix Copper [AIM:PXC] provided results from the Deep Sulphide core drilling programme at the Empire Mine project in Idaho (view release).
President Energy [AIM:PPC] posted its 2020 Annual Report & Accounts statement (view release).
Walkabout Resources [ASX:WKT] commenced site mobilisation from bulk earthmoving contractor, TNR, at the Lindi Jumbo Graphite Project in Tanzania progressing it into the construction phase, with the CRDB-approved Independent Project Manager completing site visits (view release).