Geoinvestigate Limited ’s Post

The shallowest coal seam mine working Geoinvestigate has encountered so far is 3.7m with only 3m of mudstone roof cover shown to approximate scale in this image. Astonishingly the workings believed to be late 1600 or early 1700s in the Cooper's Eye coal near Berwick-upon-Tweed are still open though it could perhaps approach 3m depth or less as the seam rises at 5 degrees towards outcrop on the left. The shaft and its heap are located 150m or so away. Responding to our assistant lead geotechnician Connors question - 'why take the risk of mining so close to surface?' Ans. Whereas today we could machine dig 300 years ago you couldn't expend more human effort than the value of the resource being extracted. Aside from the conflicting interests of land and mineral owners removing several metres of surface overburden waste with picks and spades and restoring the land afterwards simply wasn't normally an option then. #Siteinvestigation #siteinvestigations #drillingservices #coaldrilling #minedrilling #miningrisk #groundstability #coalauthority #miningconsultants #CMRA #Northumberlandcoal

We have; waste heat from mines, waste heat from sewage treatment works and a heat map of the U.K. showing energy available from rivers to name but a few. We have Octopus investing in data centres heat recapture for swimming pools. We have reports from the US Dept of Energy stating that GSHP reduce energy consumption and emissions by upto 44% compared to heating with ASHP and 72% compared to standard air conditioning. All the above is proven and in operation. However, we have U.K. government incentive schemes through Boiler Upgrade Scheme and PSDS rolling out 95% of heat pumps installs being ASHP’s. District heating schemes still targeting 85C as a hangover from fossil Powered CHP mindset to heat spaces to 21C and DHW to 46C point of use. Creating yet another retrofit opportunity for the future. Where is the brave developer willing to risk some money to bring everything together and make these energy sources really work for us?

American West Metals (ASX: AW1) is pleased to report exceptional drill results that confirm thick, high-grade copper – including bonanza grades – over an expansive and growing footprint at the Storm Copper Project on Somerset Island, Nunavut. Managing Director, Dave O'Neill commented: “We are very pleased to provide an update on the drilling activities at Storm with the initial assays for the 2023 summer resource drill program now received. The assays continue the theme of strong results from the 2023 spring program with more high-grade mineralisation confirmed at both the 2750N and 4100N Zones. These results further emphasise the outstanding resource potential at Storm. “The new discovery has been named Lightning Ridge due to the exposure of massive chalcocite near the gully ridge, and continues to highlight the exploration and growth opportunities within the Storm area." View: https://loom.ly/0nwBFeM #AW1 #AmericanWestMetals #MiningNews #ASX #Canada

Firstly - a shout out to Calibre Mining Corp, our neighbours in Newfoundland, for releasing these excellent drill results. Secondly - I send a call out to everyone in the mining industry to give some thought and consideration to what I'm about to write regarding Calibre's acquisition of Marathon. Although I could end up being mistaken, I do have some conviction that this is a case study for why single asset producers, single asset developers, etc., should be part of larger organizations. Mining is tough work. We have many risks that we're managing on a daily basis. Frankly, the industry as a whole has done a great job to manage these risks and mitigate for them but shtuff still happens. With single asset developers, sadly as we have seen too many times to count, they tend to struggle through the development phase and these struggles destroy shareholder value. Again, shtuff happens. For this reason, the market is generally very unkind to developers and one can simply use the Lassonde curve as an illustration of how unkind the market can be. These conditions more often than not force these single asset developers into value destroying financings. Many of these companies also don't have the expertise to effectively engineer or build. Their studies are typically based off of the lowest cost estimate that fed into the studies to make the project economics look better for both equity and debt investors. The reality is that most projects fall well behind schedule and the costs end up being a lot more especially in inflationary environments such as the one we've been in for over a year. While in the development phase, single asset developers cannot afford to do much else other than focus on construction and allocate every penny to development. For 2, 3, 4 + years, any chance for new value creation is on hold. As we all know, time is money. One of the "nice-to-haves" for single asset developers is exploration. There is no capital for the geos to go find more ounces, better ounces. In some cases, there is no capital for even grade control drilling. Here we have Calibre, a company that has created some serious value for its shareholders over the past few years who has acquired a distressed businesss (as described above - debate if you want) with a great project, in a great jurisdiction. They've taken over the construction and while they build, they have the financial and technical means and desire to create even more value for shareholders through the drill bit. They are well funded, generate revenue and have a highly experienced team. Future single asset developers, producers take note. You're stronger together than you are alone. Do the right thing for shareholders. For everyone else, don't enable the rinse and repeat we have seen with single asset companies. #mining #investing #mininginvestment #responsiblemining

One asset of mine...

Mount Polley tailings dam failed in August 2014 and released approximately 25 million cubic metres of tailings and wastewater into a nearby creek (OAGBC 2016). Mt Polley is a copper-gold mine in British Columbia, Canada. After failure, the operations were suspended and did not fully recommence until June 2016. The Mount Polley dam failure created the largest environmental disaster in Canadian mining history (Schoenberger 2016). #thequeenslandtailingsgroup #geotechnical #geotechnics #EoR #canada #environmental #failure #miningindustry #GISTM #zeroharm #TSM #TowardsSustainableMining Source: https://lnkd.in/gW5vQCVz

#CANADA, near #Dubreuilville - ongoing and dynamic expansion of gold mining activities is creating new #TSF assets and seeing the realization of in-waterbody works -- now years on in development. Williams Lake no more -- the TSF operation at Island Gold mine necessitates an intricate symphony of water management, onsite waterbody sequencing, treatment, and testing before being released into the environment. #TSF_awareness and status of #crests_and_vegetated_areas, #saturated_solids_and_drying_material, and #moisture_laden_or_areas_of_ponding may provide important serial differential information, seasonal history and extreme weather references, and support reporting to mining and environmental agencies and ministries. #RRM #monitoring #sustainable #transparency #landstewards #geomatics #geospatial #slopestability

Mine closures are something we plan for from the very beginning - this is a fascinating perspective.

Mine closures are something we plan for from the very beginning - this is a fascinating perspective.