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Mineral & Financial Investments asset value rises again

Last updated: 02:02 16 Feb 2023 AEDT, First published: 01:06 30 Nov 2022 AEDT

zinc
MAFL's stake in Lagoa Salgada offers significant exposure to zinc

About the company

Mineral & Financial Investments Ltd has an interest in the Lagoa Salgada VMS Project in Portugal.

The initial feasibility study for Lagoa Salgada has revealed a post-tax net present value of US$147mln, a 39% internal rate of return and cashflow of US$56mln in the first five years based on 124mln pounds of zinc a year of production.

How it is doing

04 Jan 2024

Mineral & Financial Investments Ltd (AIM:MAFL) has announced the submission of an environmental impact assessment for the Lagoa Salgada polymetallic project in Portugal.

The submission was made to the Portuguese environmental authority in late December, M&F said on Wednesday, with approval expected midway through this year.

“This submission reflects the next step in bringing the Lagoa Salgada project into full development and eventual production,” chief executive Jacques Vaillancourt said.

M&F owns a 20% interest in the project, which is managed by Ascendant Resources Inc, through subsidiary Redcorp Empreedimentos Mineros Lda.

22 Dec 2023

Thomas Warner speaks to Jacques Vaillancourt, the CEO of Mineral & Financial Investments Ltd (AIM:MAFL). They discuss the company's strong performance as reflected in the audited results. Vaillancourt provided a comprehensive overview of the company's financial achievements, including a significant increase in net asset value and the successful outperformance of key benchmarks.

He addressed the challenges and successes of the past year, including the impact of foreign exchange fluctuations and the strategic revaluation of investments like Redcorp.

16 Nov 2023

Mineral & Financial Investments Ltd and partner Ascendant have amended the terms of the offtake and royalty deal over the Lagoa Salgada project with Canadian resources group Sprott.

Amendments will now see the cash upfront paid by Sprott rise by US$4 million in return for an increase in the stream percentage to 2.75% of gross metals from 1.75%. 

Insight: Mineral and Financial begins to build a position of real strength at Lagoa...

19 Mar 2021

It seems clear that Mineral and Financial Investments Ltd (LON:MAFL) is sitting in a position of subtle, but real strength at its Lagoa Salgada zinc-copper asset in Portugal.

The asset is joint-ventured with Ascendant Resources (TSE:ASND), which is earning in in stages, and making a series of cash payments to Mineral and Financial as it goes along.

What management says

24 Jun 2023

Mineral & Financial Investments Ltd (AIM:MAFL) chief executive Jacques Vaillancourt speaks to Thomas Warner from Proactive following the release of an investment update about the Lagoa Salgada project in Portugal.

Vaillancourt gives an overview of the latest news, as well as updating on a recent placing and providing an overview of two recent investments.

He says that the business is "in a good position" as it rounds out the year to 30 June.

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