Hey Aussies

[Da_Funk]

Chances are, you will be killed

I think you meant: chances are, they will be killed.

The mining company I own shares in has a large holding in Queensland. They are getting ready to drill there.

ADAVALE​

The Company currently holds exploration permits covering over 600km2 of land overlying the prospective Boree Salt Member, a formation with significant salt and potash potential. These properties lie some 50km south of the town of Blackall in central Queensland. RPS Boyd PetroSearch (Boyd) has conducted a full interpretation of the existing seismic and petroleum drilling data for the permit land on behalf of the Company. This work was carried out in two phases and has now been completed. Phase I involved the interpretation of publicly available 2D seismic data and Phase II involved digitising the available raster data of seismic lines within the project area and integrating these with the initial interpretation to produce a new robust interpretation of the Boree Salt Member.

​

Boyd calculated that approximately 100 billion tonnes of salts exist within the Company’s northern exploration permits, which is approximately 100% more than the Company’s original estimate. Furthermore, Boyd did not identify any fatal flaws in the current programme to explore for potash and following this work a site has been identified that is considered very prospective for potash formation.
The key challenges in the area are the availability of water in sufficient quantities and securing access to infrastructure. One potential source of water is from the waste water of coal seam gas producers in the area, if a process can be developed to clean their water sufficiently for use in the project’s processing plant. This would be a symbiotic solution as it would also solve a serious problem for the coal seam gasproducers. Furthermore it may be possible to share infrastructure links with the coal seam gas and coal mining industry, and this will be investigated.
In August 2010 the Company entered into a Memorandum of Understanding (MOU) with Sino-Agri Mining Industry Co. Ltd (Sino-Agri), a division of China’s second largest fertiliser distributor, to develop the Adavale project. The MOU contained an exclusivity period of 180 days to conclude a full agreement. This expired in February 2011 and the Company is taking this opportunity to consider its overall strategic approach to China as the world’s largest consumer of potash and the source of substantial commodity investment funds, in light of the transformational acquisition of York Potash earlier in the year.

It sounds like they have a very good prospect but have one fundamental probelm. No available infrastructure. A lot of the time that'll get companies. Good luck to you

 

[Rukas]

I was about to say, Perth + High Income = Oil or gas.

Perth is beautiful, small but beautiful. My music partner is from Perth (funnily enough his father is in the oil industry too).

Looks like we'll have some beers soon

 

[Rukas]

Funny, I was snorkeling in the middle of the ocean in Thailand (literally, just dumped off of a speed boat, fucking amazing!) and my girlfriend asks the "instructor" (basically the women who handed out the equipment and threw us overboard, not much instructing at all) if there are any sharks there and she laughs and says "this isn't Perth Australia."

 

[Rukas]

I wouldn't want to visit Thailand in the near future. Unless you want go surfing down the street.

I was there throughout the flood. Didn't touch Phuket at all. The only downside of it was that supplies of certain things started to dry up in Phuket because they go through Thailand.... Like Vanilla icecream. No kidding.

 

[SiGh]

Thanks guys, I appreciate it.

Thanks, man.

I'm a geologist, or will be, once I graduate in May. Over the last several years, the iron ore industry in NW Australia has boomed, and its created an unprecedented need for geologits. If you know anything about the Canadian oil sands explosion, its on the same order of magnitude. One of the guy's who graduated from the faculty in 2007 is now a senior geologist (manager) down there for Rio Tinto. The demand for geo's there is so great that they decided to skip all the human resource bs and recruit straight from the source. Its pretty lucky for me to be graduating at this time.

As for how long I'll be there, who knows. Minimum a year. The visa gives you a 1 year work permit that can be extended to 4 years with a work sponsor. At the end of the 4 years, they can sponsor me for a permanent visa. So we'll see. I can see myself loving it down there, but I also want to get out and see the rest of the world before I settle down. And thats the great thing about my career. I can get paid a good amount of money to work anywhere in the world.

Thats really awesome bro, I'm very happy to hear that.
What's "Saint33" been up to? You guys still talk? Is he doing similar stuff in life?

 

[Da_Funk]

I was about to say, Perth + High Income = Oil or gas.

Perth is beautiful, small but beautiful. My music partner is from Perth (funnily enough his father is in the oil industry too).

Looks like we'll have some beers soon

I thought Perth was pretty big? 1.7 million or something, no? I'm from a city that has 800,000 or something so its like double what I'm used to =P

Yeah. Stred, Wood, you and myself will have to go out on the town one night... I forsee alcohol poisoing in someones future.

Thats really awesome bro, I'm very happy to hear that.
What's "Saint33" been up to? You guys still talk? Is he doing similar stuff in life?

He's still in school, working on a physio degree. We play hockey together once a week and go out every once in a while on the weekends. Him and his girlfriend of 3 years broke up a couple months ago. Its been pretty hard on him.

 

[Rukas]

It's one of those cities where everyone knows everyone in their scene though. That's coming from my friend who lived there after living in places all over Europe and the middle east so... You'll discover it for yourself. Im sure it will be fantastic to you because it's new, so you'll love it. I hear the women are beautiful though.

Where do you live now?

In comparison, Melbourne has a population over 4 million, and it's starting to feel small to me.

 

[Da_Funk]

It's one of those cities where everyone knows everyone in their scene though. That's coming from my friend who lived there after living in places all over Europe and the middle east so... You'll discover it for yourself. Im sure it will be fantastic to you because it's new, so you'll love it. I hear the women are beautiful though.

Where do you live now?

In comparison, Melbourne has a population over 4 million, and it's starting to feel small to me.

Winnipeg aka Canada.

Are Canadian accents popular down there? I know I love me an Australian accent.

 

[SiGh]

I thought Perth was pretty big? 1.7 million or something, no? I'm from a city that has 800,000 or something so its like double what I'm used to =P

Yeah. Stred, Wood, you and myself will have to go out on the town one night... I forsee alcohol poisoing in someones future.

He's still in school, working on a physio degree. We play hockey together once a week and go out every once in a while on the weekends. Him and his girlfriend of 3 years broke up a couple months ago. Its been pretty hard on him.

Aw damn that sucks for him. You should tell him we miss him on here, or atleast I do

I've felt e-proud like this a few times in my sh life. Once was when SOFI graduated from high school and got into college (thread) and there was a few others, but now this. I

Oh god I'm getting old

Are you still in that city that you said you were in? Where the population was really small, near/on the mountain?

 

[masta247]

Are Canadian accents popular down there? I know I love me an Australian accent.

Do Canadians have an accent? I mean, it's probably hard to tell for me but people in Vancouver sounded just like Americans to me. Might be different in other provinces though.

 

[Flipmo]

Do Canadians have an accent? I mean, it's probably hard to tell for me but people in Vancouver sounded just like Americans to me. Might be different in other provinces though.

There is such a thing as a Canadian accent, and a French-Canadian accent.
You'd hear the Canadian accent a lot more around part of rural Ontario, and the Prairies. French-Canadian obviously in Quebec.

 

[Da_Funk]

Aw damn that sucks for him. You should tell him we miss him on here, or atleast I do

I've felt e-proud like this a few times in my sh life. Once was when SOFI graduated from high school and got into college (thread) and there was a few others, but now this. I

Oh god I'm getting old

Are you still in that city that you said you were in? Where the population was really small, near/on the mountain?

Nah, I came back to winnipeg late August. That was just a summer gig.

Do Canadians have an accent? I mean, it's probably hard to tell for me but people in Vancouver sounded just like Americans to me. Might be different in other provinces though.

I don't really think so but apparently I do.

 

[Chronic]

What you talkin' aboot, Ricky?!

 

[Pittsey]

Thought I'd share this -

/

28 November 2011

Sirius Minerals Plc

("Sirius" or the "Company")

Chemical Assay Results

§ 22.1 metres (true-thickness) of high grade polyhalite across three beds
§ 15.1 metres (true-thickness) of assays received to date across the three high grade beds with average polyhalite grade of 95.7% including 5.83 metres of continuous +99.5% polyhalite
§ Grade and thickness of polyhalite in SM1 significantly exceeds previous JORC Exploration Targets and Preliminary Results

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce chemical assay results of the first bore hole drilled at the York Potash Project.

Coring of SM1, the first new borehole in the York Potash Project, was completed on 26 October 2011. On 27 October 2011 preliminary results of the coring based on visual inspection were released, which were followed by a summary of the gamma-log results on 31 October 2011. Results from the first batch of chemical and mineralogical analysis of the three key target seams have now been received and are summarised in this announcement. Analysis of a second batch of samples is expected in the second week of December 2011.

Chris Fraser, Managing Director and CEO of Sirius said:

"These results are outstanding. The thickness and grade of the polyhalite seams has exceeded all previous expectations and analysis. While we await the second batch of assay results, what has been received to date indicates much thicker and higher grade material than expected. There have never been grades or thicknesses like this in any polyhalite deposit anywhere in the world, confirming the York Potash Project as one of the world's most significant potash projects.


"The quality of these drill results, if repeated at our next holes, will result in a positive reassessment of a number of project concepts such as scale of production, bulk-mining methods, and processing routes. As a result we are looking for ways to accelerate development of the York Potash Project even faster to fulfil the Company's goal of becoming a major potash producer even sooner."

Link: http://www.iii.co.uk/investment/deta...lay=news&it=le

 

[Da_Funk]

Thought I'd share this -

/

28 November 2011

Sirius Minerals Plc

("Sirius" or the "Company")

Chemical Assay Results

§ 22.1 metres (true-thickness) of high grade polyhalite across three beds
§ 15.1 metres (true-thickness) of assays received to date across the three high grade beds with average polyhalite grade of 95.7% including 5.83 metres of continuous +99.5% polyhalite
§ Grade and thickness of polyhalite in SM1 significantly exceeds previous JORC Exploration Targets and Preliminary Results

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce chemical assay results of the first bore hole drilled at the York Potash Project.

Coring of SM1, the first new borehole in the York Potash Project, was completed on 26 October 2011. On 27 October 2011 preliminary results of the coring based on visual inspection were released, which were followed by a summary of the gamma-log results on 31 October 2011. Results from the first batch of chemical and mineralogical analysis of the three key target seams have now been received and are summarised in this announcement. Analysis of a second batch of samples is expected in the second week of December 2011.

Chris Fraser, Managing Director and CEO of Sirius said:

"These results are outstanding. The thickness and grade of the polyhalite seams has exceeded all previous expectations and analysis. While we await the second batch of assay results, what has been received to date indicates much thicker and higher grade material than expected. There have never been grades or thicknesses like this in any polyhalite deposit anywhere in the world, confirming the York Potash Project as one of the world's most significant potash projects.

"The quality of these drill results, if repeated at our next holes, will result in a positive reassessment of a number of project concepts such as scale of production, bulk-mining methods, and processing routes. As a result we are looking for ways to accelerate development of the York Potash Project even faster to fulfil the Company's goal of becoming a major potash producer even sooner."

Link: http://www.iii.co.uk/investment/deta...lay=news&it=le

If the next two drillholes come up with similar results, inc a lot of money from China and money in your pocket.