We would like to close off 2020 and commence 2021 with a recap of December news and to once again say thank you to our clients and investor network for their support throughout 2020.
Although being a somewhat tumultuous year (Covid-19, Trump, Brexit, Chinese Trade War - to name a few) ResolveIRhas continued to grow and perform since going live in April 2020. This performance could not have been achieved without our clients and investor network.
As we leap into a New Year, some key 2021 highlights to expect from our clients include:
Carnavale Resources: exploration and drill program at high-grade Kookynie Gold Project continues
Caspin Resources: developments at Yarawindah Nickel-Copper-PGE Project and news from the Mt Squires Gold Project in the West Musgrave
Comet Resources: developments at Barraba Copper Project, Santa Teresa Gold Project and Springdale Graphite Project
Classic Minerals: fast-tracking towards gold production while continuing exploration and drill programs at flagship Kat Gap Gold Project
Kinetiko Energy: aeromagnetic results, workover update and potential offtake agreement, first pilot gas to CNG production and first gas revenues
Mont Royal Resources: exploration has commenced at Wapatik Gold-Copper Project, located along the same geological trend as the Elmer Property and the recently significant gold discovery by Azimut.
Poseidon Nickel: developments at Black Swan, including the Golden Swan Discovery, Mt Windarra, Lake Johnston and Gold Reprocessing Projects in 2021
Technology Metals Australia: continued developments of the Gabanintha Vanadium Project and the rapidly emerging high-grade Yarrabubba Iron-Vanadium Project (feasibility study expected in Q3 2021)
Triangle Energy (Global): oil production continues at the Company's Cliff Head Oil Field as the Company rapidly expands footprint in offshore Perth Basin through Joint Venture's and confirmed as the dominant operator in the offshore Perth Basin for Oil and Gas.
We are sure you are all equally as happy and as eager us as at ResolveIRto commence the New Year and although there may be a few hurdles in the coming months we believe 2021 will develop into a successful and prosperous year.
We look forward to a hardworking year with all of our clients as we look forward to introducing you to new stories and keeping you up to date on the developing news and events. We would like to wish you all a successful start to the New Year.
K1 CAPITAL RESEARCH INITIATION
KINETIKO ENERGY - NEAR TERM GAS FROM SOUTH AFRICAN CBM Kinetiko will commence selling gas in early 2021 by restarting existing wells, followed by a 3rd party-funded 20-well pilot program, delivering production of ~1-2 TJ/d by year end. Successful demonstration should lead to a 300 well project commencing in late 2022, delivering production of ~12 TJ/d, with later expansion to 100+ TJ/d. We value Kinetiko at $0.39/sh, with upside to $0.88/sh on project derisking.