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MPJ, MINING PROJECTS GROUP LIMITED
wren
post Posted: Nov 27 2014, 12:27 PM
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In Reply To: omegaoil's post @ Sep 4 2014, 10:04 AM

Well omega,in September you said…." I’m just amazed its taken this long for the market to cotton on"

Just for the record,the Market still hasn't cottoned on.In Sept. MPJ was about 1.0 cents and today it is 0.7 cents,and that's after a 16% rise today.
Tasminex…in the 70s or 80s went from $2.00 to $90 in two days.Maybe MPJ is next cab off the rank. (for history lovers,Tasminex did not actually find anything!)

 
omegaoil
post Posted: Nov 27 2014, 12:09 PM
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In Reply To: omegaoil's post @ Sep 4 2014, 10:04 AM

Great announcement. The formation is very encouraging.





DOYR




 
omegaoil
post Posted: Sep 4 2014, 10:04 AM
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In Reply To: omegaoil's post @ Sep 3 2014, 11:25 AM

About to explode today. This has been coming for a while, I’m just amazed its taken this long for the market to cotton on. The best assembly of Nickel guys in the business in just about the cheapest play in the sector. If they get a sniff here its game on... DYOR



 
omegaoil
post Posted: Sep 3 2014, 11:25 AM
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In Reply To: omegaoil's post @ Sep 2 2014, 10:50 AM

3rd September 2014 DIAMOND DRILLING PROGRAMME AT ROE HILLS COMMENCES TO TEST NICKEL SULPHIDE TARGETS • Diamond drilling programme on Flagship Roe Hills Project has commenced to test major Nickel Sulphide targets with an initial 15 hole programme totalling 5000m. • The Company may extend the planned programme to 10,000m (at a discount rate on all metres drilled if extended) with 25% of the cost to be satisfied by the issue of MPJ Shares upon completion. • The Company is fully funded to complete a 10,000m programme including Newexco’s concurrent geophysical down hole EM survey work. Mining Projects Group Limited (ASX:MPJ) (“the Company”) is pleased to announce the drilling programme has commenced at it’s flagship Roe Hills Nickel Project. As previously reported, work completed by Director Mr Neil Hutchison has resulted in identifying several new and significant Nickel Sulphide targets zones at Talc Lake, Roe 1 and Roe 2 prospects. Mr Hutchison’s plan is to complete a 15 diamond drill hole programme totalling 5000m with concurrent down-hole electro-magnetic (“EM”) surveys to be managed by Newexco Services Pty Ltd (“Newexco”). The Company has formally engaged OnQ drilling to complete the initial phase and have locked down a firmly agreed extension of up to 10,000m. The extension will incur a discount rate on all metres drilled and with 25% of consideration for drilling services to be satisfied by issuing MPJ fully paid ordinary shares upon completion. MPJ recently raised $1.395m by way of a placement which ensures the Company is fully funded to complete up to 10,000m including the geophysical works to be conducted by Newexco and its partners.

 
omegaoil
post Posted: Sep 2 2014, 10:50 AM
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In Reply To: omegaoil's post @ Sep 2 2014, 10:41 AM







<h1 style="margin: 0cm 0cm 0pt; line-height: 29.25pt;">Mine sleuths keen for their nickel</h1>







BILL Amann and Adrian Black have been involved in many of the key nickel discoveries in Australia’s recent history, but the pair has one major regret: not loading up with shares in the companies for which they were working.

The exploration resumes of the two geology and geophysics consultants make for impressive reading.

Their consultancy, Newexco, was involved in the early stages of major nickel discoveries such as Western Areas’ Spotted Quoll and Flying Fox DEPOSITS and the barnstorming Nova nickel discovery of Sirius Resources.

Their work has helped create billions in shareholder wealth, but their exposure to those riches has generally been limited to their consulting fees.

Now the pair is backing themselves to continue their magic run of exploration success, and have opted to ease their long-held policy of not taking shares in their clients.

The Newexco founders are taking shares in little-known company Mining Projects, a minnow gearing up for a nickel exploration program east of Kalgoorlie.

So far, Mining Projects has found little love beyond the &shy;technical boffins — it has a paltry MARKET capitalisation of just $10 million.

But Mr Amman and Mr Black believe Mining Projects’ flagship Roe Hill prospect has all the right ingredients to produce Western Australia’s next nickel discovery.

They are joined by Poseidon Nickel general manager of geol&shy;ogy Neil Hutchison, himself involved in nickel discoveries at the Win&shy;darra and Cosmos projects.

He has been appointed to the Mining Projects board in the &shy;expectation of boosting the company’s technical capacity.

The dream is for yet another significant nickel discovery that can help ease the lingering regrets about the missed opportunities in the past.

“We’ve had a couple of bad moments,” Mr Amman says.

“Western Areas went from around 14c and ended up at $11.99 at the peak.

“And we’ve seen Sirius go from a cent to as high as $4.09. It makes you feel very sick.”

Newexco’s role in the original Nova discovery is little known.

Neither Mr Amman nor Mr Black are trying to claim all the credit for the find, but &shy;rather make the point that &shy;exploration usually requires layers of technical contributions in order to succeed.

Mr Amman had worked with Sirius Resources managing director Mark Bennett at Western Mining Corp, and it was he who pushed Sirius when it was down to its last few dollars to put its dwindling cash into drilling the Conductor 1 target that ult&shy;i&shy;mately became the Nova DEPOSIT.

“They didn’t have a lot of money in THE BANK at the time, they were sailing pretty close to the wind,” he said.

“Among the anomalies identified was Conductor 1, which we insisted they drill.”

When the first drill hole into Conductor 1 produced rich nickel and copper mineralisation, Mr Amman was one of the first to hear, in a phone call from Mr Bennett.

That initial discovery was the start of a run that would take Sir&shy;ius from just another penny dreadful to one of the hottest stocks in Australia, with a MARKET cap of more than $1.5 billion.

Now the consultants are &shy;pinning their hopes on a 5000m drilling program at Roe Hill east of Kalgoorlie.

The program, which will start in the coming days, will follow up on sniffs of nickel mineralisation picked up by previous explorers.

Mr Hutchison believes modern interpretations and the technical nous of the Newexco team will give the Mining Projects &shy;effort a better chance of success than its predecessors.

“The data that’s been collected has been of high quality. It’s been collected properly. But it’s not been understood or interpreted properly,” he said.

“The previous explorers didn’t do a bad JOB; they just didn’t do a proper job.

“That leaves a lot of opportunities for us.”



 
omegaoil
post Posted: Sep 2 2014, 10:41 AM
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In Reply To: omegaoil's post @ Aug 22 2014, 01:08 PM

Nice article came out....off to the races!!!

Mine sleuths keen for their nickel

http://www.theaustralian.com.au/business/m...3714#mm-premium




 


omegaoil
post Posted: Aug 22 2014, 01:08 PM
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In Reply To: omegaoil's post @ May 27 2014, 04:27 PM

Cant wait to see the results from the upcoming drill program.

Looks like all the pieces of the puzzle are lining up nicely IMO




DYOR






 
omegaoil
post Posted: May 27 2014, 04:27 PM
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In Reply To: garryg's post @ Sep 30 2010, 10:07 AM

I think that this has some legs.

I've been in the stock in the past when it has had a chequered background as a Peregrine corporate house stock.

But...there is a real changing of the guard IMO. The past has moved on and both at board level and the geo team involved now is first class. Bill Amann and Adrian Black along with Neil Hutchison provide collectively extremely valuable nickel pedigree.

I think its looking like a sleeper about to awaken!

DYOR smile.gif

 
garryg
post Posted: Sep 30 2010, 10:07 AM
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Hi Mick,

Been a while since I've looked at this one.

I had bought MPJ at .002c back in early December 09, then sold out at the same cost early last year when I thought that it would hit .001c. Cost me trade costs but then bought back a small parcel at .001c when it was hard to get buyers at .001c!

I'll watch and wait. Logic similar to yours...just a small play but at the entry point, I'm happy to see given the possible blue sky IF they ever do anything.

 
mullokintyre
post Posted: Sep 29 2010, 08:50 PM
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MPJ - such an interesting stock. Having issued so many shares and diluted everything to less than 0.001 cents, these guys go ahead and do a consolidation. Why go through that??
The thinking is that it is about to participate in a back door listing for some greenfields mine.
There has been a tendency for things to take off after the halt and relisting in such cases.
With that in mind, I have taken a smallish interest in it, just on the off chance they jump on an announcement after the completion of the consolidation.
Mick (in gambler mode)



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