Well we need copper. Will this small cap prove up in October 2023?

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Chairman , CEO

Form 603. substantial holder (1) Name RCF Opportunities Fund II L.P. / Fully Paid Ordinary Shares: 156,250,000 6.91%

NEW WORLD RESOURCES LIMITED (ASX:NWC) - Ann: Becoming a substantial holder, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

substantial holder (1) Name RCF Opportunities Fund II L.P.

RCF Opportunities Fund II L.P. 18/08/2023 $0.032 per share - 156,250,000 

Share price up ~ 6% this afternoon.

Who is this RCF Opportunities Fund II L.P.

RCF Opportunities | Resource Capital Funds

Overview

The RCF Opportunities strategy rests on the belief that meeting the planet’s surging demand for metals, driven by technological innovation, changing demographics, and global electrification and decarbonization objectives, relies on new discoveries and project advancement. Coodinator looks good To offset the natural risks of early-stage exploration, the RCF Opportunities Strategy pursues a diversified and relatively unconstrained approach that seeks to lower volatility, flatten the j-curve, and generate realizations during and after the investment period.

located just 7km south-west of Freeport’s Bagdad Porphyry Copper Deposit – the 5th largest copper mine in the US.

NEW WORLD RESOURCES LIMITED (ASX:NWC) - Ann: Exceptional Drill Targets at Javelin VMS Project, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Todays Good results may change the trend here!

Copper futures approached the $3.8 per pound mark in June, the highest in nearly one month and extending its rebound from the six-month low of $3.5 touched on May 24th amid mounting supply concerns and hopes of a pickup in demand.

Major market players continued to flag worries that copper supply may not keep up with expectations of strong long-term demand, since the metal is a key raw material for the transition to renewable resources. ( ***well good for shareholders scarcity )

Copper inventories at the London Metals Exchange were under 72 thousand tonnes in June, the lowest in one month. Also, Chile said this year's output is estimated to sink as much as 7% after the 10.6% decline in 2022.

The higher prices were also attributed to bets that the Chinese government will roll out stimulus measures to support the weak momentum in the country’s industrial sector, as data from May showed that Chinese copper imports fell by 4.6% year-on

copper Com -on.....

more commodities:

The geochemical anomalies are strongest here; Copper wire is the go...

• This area is closest to the six known VMS deposits from which high-grade mineralisation has been mined previously; and

• Permits to drill-test any targets identified from the IP data in this area should be obtained quickly

NEW WORLD RESOURCES LIMITED (ASX:NWC) - Ann: Strong Soil Geochemical Anomalies at the Javelin Project, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Share price in a hole:

The increased size, very high-grade, and robust nature of the November 2022 Resource provides the Company considerable confidence to advance the Antler Project back into production as quickly as practicable

Its the copper...Nah its the serenity mate,,,,,,,

Blue Ocean Equities has initiated coverage on the stock, setting a 25c price target currently (currently 0.049c)

.“As a high-grade (copper) deposit with excellent vertical and lateral continuity, Antler points to the magical combination of a high resource to mining inventory conversion, low capital intensity and low opex (negative copper C1 cash costs after co-product credits) – arguably the sweet spot for a junior miner),” Blue Ocean said.

Blue Ocean Equities Report

New World Resources has been assembling a portfolio of highly prospective mineral resources projects in North America. These assets currently comprise the Antler Copper Project in Arizona, USA; the Tererro Copper-Gold-Zinc VMS Project in New Mexico, USA; the Colson Cobalt-Copper Project in Idaho, USA; and the Goodsprings Copper-Cobalt Project in Nevada, USA.

Collectively these projects comprise a highly prospective portfolio of high-grade projects all located in stable, pro-mining jurisdictions. Small-scale production has been recorded, historically, at all three projects, yet very little modern exploration has been undertaken at any of the projects.

My first toe dip into the resource side of the ASX so comments/advice/redicule all welcome please.

New World Resources own a high-grade copper project in Arizona in the US. Arizona is a mining friendly state producing 70% of the worlds copper. The mine site is well located on private land (making approvals slightly easier to obtain) with access to roads/rail and a town of 35000 people. It is also close to other high grade VMS deposits (including United Verde) the likes of which typically appear in clusters. High grade deposits provide a low capex and high margin production opportunity.

The project is unique in that it has historically produced 70Mt to a depth of 150m over the period 1916-70 but production was halted due to uneconomical copper prices. The remaining historical resource currently sits at 4.6Mt at 5%CuEq. 

Over 20000m of drilling has taken place since early 2020 (2 rigs) with a maiden JORC report expected this year. This has been pushed out a couple times already as the company continues to discover good grades in both the main and south shoot but I am hoping for something before the year ends. Drilling has progressively moved deeper and moved to include the South Shoot. Results have been consistently good including shallow "low capex" areas. The latest from the company states that the deposit extends over more than 500m of strike with improving mineralisation at depth and remains completely open. A new area 200m south of the "South shoot" also looks promising.

Other points to note:

Supportive copper price with demand expected to exceed supply longer term

Both Perennial and Paradice now substantial holders

Cobalt assets to be divested which should provide further funding for Antler plus $23m in cash post a recent raise

Management/board own 6%

CEO/Chairman both geologists; Director Tony Polglase experienced low cost mining engineer

PFS work is expected to begin this quarter; 18-24 months permitting process

Valuation:

Based on a maiden reserve of 6.8Mt 4%CuEq I get to a price of 19c with potential for the resource to expand over time. At around 8c these seems a pretty decent risk/reward.