MEYA MINE P.E.A. SPARKS BRIGHT FUTURE FOR TRUSTCO'S MINING PORTFOLIO

Windhoek, Khomas, Namibia, 3rd Sep 2024 - Trustco Group Holdings Limited (TTO.SJ), listed on the Namibian Stock Exchange (NSX), the Johannesburg Stock Exchange (JSE), and the OTCQX Best Market, is pleased to announce NI 43-101 Technical Report for the Meya Diamond Mine Project, Sierra Leone (the "Technical Report"). The Technical Report, dated 26 August 2024 with an effective date of 19 August 2024, was prepared at a Preliminary Economic Assessment (PEA) level. The PEA indicates favourable economic potential with a post-tax Internal Rate of Return (IRR) of 65% and a post-tax Net Present Value (NPV) of United States Dollar (USD) 95.1 million at a 10% discount rate over a 7-year life of mine.Quinton Z van Rooyen, Trustco's Deputy CEOQuinton Z van Rooyen, Trustco's Deputy CEO, commented on the PEA results: "The positive outcome of this PEA marks a significant milestone for Trustco's mining portfolio and validates our strategic investment in Meya Mining. With an impressive IRR and substantial NPV, the Meya Mine project not only demonstrates its robust economic potential but also underscores our commitment to creating long-term value for our investors. We are particularly excited about the opportunities for resource expansion, given that this PEA covers only a fraction of our licensed area."The Technical Report evaluates the potential viability for underground mining of the Meya River domain using the Long Hole Open Stoping (LHOS) method. It applies Tomra sorting technology to eliminate run of mine waste rock from the diamond-bearing kimberlite prior to treating the material through a dense media separation (DMS) plant. The process plant includes a series of Tomra XRT units to recover large diamonds, as the Meya Project has demonstrated the potential for producing large stones.Geological studies have revealed the presence of high-quality diamonds within the Meya River kimberlite dyke system, including a significant proportion of valuable Type IIa diamonds. Core drilling and sampling completed through June 2024 have provided the foundation for the maiden mineral resource estimate. The economic analysis projects positive cashflows throughout the project's life, with peak cashflows anticipated in the middle years of operation.It is important to highlight that this technical report covers only a 1.3 km portion of the Meya River domain's 2.8 km strike length down to 800m below the surface, representing less than 3% of the license area's intrinsic geo-economic potential. With at least 16 additional domains yet to be evaluated, there are significant opportunities for resource expansion and optimization of mining methods in the coming years.Meya Mining intends to continue the resource development campaign on the remaining domains, with the aim to add additional resources on an annual basis over the remaining 20-year license period. The Meya River domain provides a solid cornerstone from which the mine will continue to expand. The mine is expected to reach steady-state commercial production during the forthcoming financial year.In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Sean Duggan, Pri.Sci.Nat., M.Sc., Principal Mineral Resource Analyst and Director of Z Star Mineral Resource Consultants, has authored Section 14, as well as relevant content in Sections 1, 25, 26, of the Technical Report as a Qualified Person. Mr Duggan has approved the Resource Estimate and its inclusion in this announcement, confirming the estimate is in accordance with the SAMREC reporting code.In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Casey Hetman, P. Geo., M.Sc., corporate consultant/practice leader of the mining and geology SRK Consulting (Canada) Inc. in Vancouver, has authored Sections 4, 5, 6, 7, 8, 9, 10, 11, 12, 23, 24, as well as relevant content in Sections 1, 25, 26, References, and Date and Signature of the Technical Report as a Qualified Person and has reviewed the inclusion of the summary of the Report in this announcement. The Technical Report was authored in accordance with the NI 43-101 reporting code.In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Philip John Rider, Pr.Eng., MIMMM, B.Sc., has authored Sections 13.1 to 13.6 and 13.8 of the Technical Report, as well as relevant content in Sections 1, 25, 26, References, and Date and Signature of the PEA as a Qualified Person and has reviewed the inclusion of the summary of the Report in this announcement. The Technical Report was authored in accordance with the NI 43-101 reporting code.In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Jarek Jakubec, C.Eng., FIMMM, M.Sc., corporate consultant/practice leader of the mining and geology SRK Consulting (Canada) Inc. in Vancouver, has authored Sections 3, 12, 15, 16, 19, 21.1.1, 21.2.1, 22, as well as relevant content in Sections 1, 25, 26, of the Technical Report as a Qualified Person and has reviewed the inclusion of the summary of the Report in this announcement. The Technical Report was authored in accordance with the NI 43-101 reporting code.In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Molojwa Bennett Herbet Keikelame, Pr.Eng. SAIMM, B.Sc., has authored Sections 16.7, 17, 21.1.2, and 21.1.3 of the Technical Report, as well as relevant content in Sections 1, 25, 26, References, and Date and Signature of the PEA as a Qualified Person and has reviewed the inclusion of the summary of the Report in this announcement. The Technical Report was authored in accordance with the NI 43-101 reporting code.Trustco’s investment in mining was initiated in 2015 with the strategic objective of diversifying Trustco's investment holdings into the natural resources sector. It aims to generate USD returns, acting as an internal hedge against potential macroeconomic impacts on the group's traditional markets in Namibia and South Africa. While the mining mandate encompasses building a diversified mining portfolio, the primary focus remains on unlocking the full economic potential of its diamond assets, as Meya Mining’s mining license area has yielded five of the world's largest stones recovered. Trustco holds a 19.5% equity stake in Meya Mining and a loan receivable from Meya of USD 46 million. The combined value of Trustco's investment in Meya Mining is reflected in Trustco's financial statements at approximately USD 110 million.The NI 43-101 Independent Technical PEA Report is available at https://tinyurl.com/yvy8p6xs. With the ongoing development of Meya Mining, Trustco continues to demonstrate its ability to position itself for continued high growth success in its mining portfolio. Trustco's strategic investment in Meya Mining is set to yield sparkling returns for years to come.About Trustco:Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, which manages a diverse portfolio of investments spanning the insurance, real estate, non-deposit taking financial services, micro-finance, education, and mining sectors. Decisions are biased towards generational investment performance alongside shareholder wealth creation, and short-term hurdles are viewed as catalysts for future growth.Since inception in 1992, Trustco’s investment portfolio has delivered strong returns with a CAGR of 68.97%, with a well-balanced asset mix, with a current average weighting of 34% in US Dollar based assets, while the remaining 66% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets. Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.About Namibia:Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects.The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.The country's economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.Forward-Looking Statements:All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, including statements regarding Trustco’s plans to upgrade its ADR program and the results of such an upgrade, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.  Media Contact Organization: Trustco Group Holdings Contact Person: Neville Basson Website: https://www.tgh.na Email: Send Email Contact Number: +264612754501 Address:2 Keller Street, Trustco House Address 2: Windhoek City: Windhoek State: Khomas Country:Namibia Release id:16482

Frederick Douglass Reynolds' Saint Bloodbath Wins August 2024 BREW Readers' Choice Award and Other Awards

Australia, 2nd Sep 2024, -  The Chrysalis Books, Reviews, and Everything Written (BREW) Project has announced that Frederick Douglass Reynolds' gripping true crime narrative, Saint Bloodbath, has been named the August 2024 BREW Readers' Choice Award Book of the Month winner. This chilling recount of the 2008 massacre in a Los Angeles homeless encampment has enthralled readers and cemented Reynolds' place as a master of the true crime genre. The book has joined the elite list of BREW Seal of Excellence recipients and bagged the BREW Nonfiction Book Excellence Award 2024 True Crime Book of the Year title. Saint Bloodbath takes readers deep into the heart of one of Los Angeles' most harrowing real-life horror stories and exposes the brutal realities faced by the city's most vulnerable. With his trademark gritty style, Reynolds sheds light on the underbelly of society as he explores the complex lives of those often overlooked by mainstream narratives. This accolade is the latest in a string of honours for Reynolds, whose previous work, Black, White, and Gray All Over: A Black Man’s Odyssey in Life and Law Enforcement, earned him widespread acclaim. That book not only won the BREW Readers' Choice Award for April 2022 but also went on to secure the Book of the Year title for 2023-2024. Additionally, it also received the BREW Seal of Excellence and the BREW Book Excellence Award 2023 for Memoir, Biography, or Autobiography of the Year, Non-fiction of the Year, and the coveted Book of the Year award.The BREW Readers’ Choice Award is a monthly and annual celebration of literature, where readers determine the most beloved books, blogs, and poetry. Book of the Month winners, like Saint Bloodbath, automatically contend for the prestigious Reader’s Choice of the Year Awards, highlighting exceptional literary works. Embodying the spirit of democracy in literary accolades, BREW empowers readers to recognise and champion books that resonate with them. With readers as the judges, each vote reflects the profound impact of a book on individual readers, uniting a global community of book enthusiasts. Winning the BREW Readers’ Choice Award signifies more than critical acclaim—it symbolises a book’s profound connection with its readers and its place in their literary journey. Ultimately, this award celebrates the democratic essence of literature, honouring the diverse tastes and preferences of readers worldwide.Reynolds, a former law enforcement officer with over three decades of experience, draws upon his unique insights into the criminal justice system and his personal experiences to deliver narratives that are as informative as they are engaging. His background includes overcoming homelessness on the streets of Los Angeles and serving in the U.S. Marine Corps, experiences that enrich his writing with authenticity and depth.Saint Bloodbath is already being hailed as a must-read for true crime enthusiasts, with readers and critics alike praising Reynolds' ability to combine meticulous research with compelling storytelling. More details about this announcement can be found here: https://thechrysalisbrewproject.com/2024/03/13/editorial-review-saint-bloodbath-by-frederick-douglass-reynolds/.For more information about Frederick Douglass Reynolds and his award-winning books, please visit his website or Goodreads profile. Get a copy of his books via Amazon, Barnes and Noble, and other major retail outlets. About the BREW AwardsThe BREW Awards celebrate excellence in the world of the written word, recognising outstanding books, blogs, and poetry across various genres. Each month, readers vote for their favourite works, culminating in the prestigious BREW Readers' Choice Award Book of the Month, which is one of the several book awards hosted by The Chrysalis BREW Project. All shortlisted entries for the award are also considered for the Annual BREW Readers’ Choice Award contest. To know more about the BREW book, blog, and poetry awards, visit website of The Chrysalis BREW Project. 

Ethnano Update: Launch of Ethnano V2 Following System Overload

Sugar land, Texas, United States, 2nd Sep 2024 - In a recent development, Ethnano, a prominent DeFi staking platform, experienced a temporary disruption due to a significant system overload at 19:00 UTC. This incident, triggered by an unprecedented surge in user activity, highlights the growing popularity of Ethnano within the DeFi ecosystem.In response to the overload, Ethnano's dedicated team swiftly enhanced system capabilities to handle increased demand, successfully upgrading to Ethnano V2. This updated version retains the trusted features and security of the original platform while significantly boosting system resilience and performance.Ethnano reassures all stakeholders that their assets and DeFi staking operations remain secure and unaffected. The transition to Ethnano V2 has been designed to ensure continuity in user activities with minimal disruption.Alex Lin, CEO of Ethnano, expressed his confidence in the platform's robustness following the upgrade. "Despite this challenge, our commitment to our users and the integrity of our platform remains unwavering," stated Lin. "We are more determined than ever to provide a secure and innovative DeFi experience."For users encountering access issues, Ethnano provides assurance that asset claims can still be executed directly through the updated smart contract, guaranteeing uninterrupted access to funds and rewards.Looking ahead, Ethnano emerges from this incident stronger, with a renewed commitment to security and user experience. "We are grateful for the community’s support through these times and are excited about our future," added Lin.For ongoing updates and more information on Ethnano V2, please visit Ethnano's website.About EthNano:EthNano is a leading decentralized finance platform specializing in secure and innovative staking solutions. Based in Sugar Land, Texas, EthNano is committed to advancing the DeFi sector through cutting-edge technology and user-centric services. With a focus on enhancing user engagement and trust, EthNano continues to set new standards in the DeFi industry. Media Contact Organization: EthNano Contact Person: Alex Lin Website: https://ethnano.finance/ Email: support@ethnano.com City: Sugar land State: Texas Country:United States Release id:16439

Fencing San Antonio Launches with Comprehensive Residential and Commercial Services

Discover Fencing San Antonio, led by CEO Lawrence Logan, offering expert residential and commercial fencing services. Explore our commitment to quality, transparency, and rapid response times across San Antonio. San Antonio, Texas, United States, 2nd Sep 2024 - Fencing San Antonio, led by founder and CEO Lawrence Logan, officially opened its doors on August 9, 2024, marking a significant addition to the local business landscape. Specializing in both residential and commercial fencing solutions, the company is set to become a trusted partner for property owners across San Antonio seeking high-quality, reliable fencing services.A New Chapter for San AntonioFencing San Antonio arrives at a time when the demand for quality fencing solutions is on the rise. The company distinguishes itself by offering a blend of fast, professional service and meticulous attention to detail, ensuring that every project meets the highest standards of craftsmanship.“Our mission is simple,” said Logan. “We’re here to provide San Antonio with fencing solutions that not only protect properties but also enhance their aesthetic value. We’ve built this business with the customer in mind, focusing on transparency, efficiency, and, most importantly, quality.”Services Tailored to Every NeedFencing San Antonio offers a comprehensive range of services designed to meet the diverse needs of both residential and commercial clients. From simple residential fencing to more complex commercial installations, the company prides itself on delivering each project with precision.Services include:• Residential Fencing: Offering stylish and secure fencing options that complement the design of any home.• Commercial Fencing: Durable, customizable solutions that provide the necessary protection for commercial properties.• Fence Repair: Expert repairs that restore the integrity and appearance of damaged fences.• Fence Staining: Professional staining services that protect fences from the elements, ensuring longevity.• Custom Gates: Crafted with both security and style in mind, these gates are designed to enhance the curb appeal of any property.• Chain Link Fencing: A practical and cost-effective option for both residential and commercial needs.Each service is delivered with a commitment to quality, ensuring that clients receive not just a product, but a solution that adds value to their property.Commitment to the San Antonio CommunityBeing locally owned and operated, Fencing San Antonio is deeply connected to the community it serves. Logan emphasized the importance of supporting local needs and building relationships based on trust and reliability.“Our team knows San Antonio, and we understand what property owners here are looking for in a fencing company,” Logan said. “We’re not just installing fences; we’re building lasting connections with our clients. We’re proud to be a part of this community, and we look forward to contributing to its growth and safety.”Transparency and TrustOne of the core principles at Fencing San Antonio is transparency. The company offers clear, upfront pricing with no hidden fees, ensuring that clients are fully informed before any work begins. This approach has already earned them positive feedback from early customers, who appreciate the straightforward communication and honest business practices.“Trust is something that’s earned, and we aim to earn it with every job we take on,” Logan stated. “Our clients deserve to know exactly what they’re getting, and that’s why we make transparency a priority in everything we do.”Rapid Response, Professional ResultsFencing San Antonio also stands out for its quick response times. The company guarantees that a qualified technician will be on-site within 30 minutes of a service request, minimizing disruption and ensuring that projects are completed efficiently. This rapid response is part of their commitment to customer satisfaction, which Logan considers a cornerstone of the business.“We’re here to make life easier for our clients,” said Logan. “Whether it’s a new installation or an urgent repair, we’re ready to respond quickly and get the job done right. Our clients can count on us to be there when they need us.”Future Plans: Building for TomorrowLooking ahead, Fencing San Antonio has ambitious plans to expand its service offerings and deepen its community ties. The company is exploring innovative fencing materials and techniques that not only enhance durability but also align with sustainable practices. Logan envisions Fencing San Antonio leading the way in eco-friendly fencing solutions that cater to the evolving needs of San Antonio’s residential and commercial sectors.“Innovation is key to our growth strategy,” Logan explained. “We’re committed to staying at the forefront of the fencing industry by continually improving our services and adopting new technologies. Our goal is to offer solutions that are not only effective and reliable but also environmentally responsible.”Additionally, Fencing San Antonio plans to broaden its reach beyond the city, aiming to serve neighboring communities and eventually expand into other parts of Texas. This growth will be supported by an increased focus on training and development, ensuring that the team remains equipped with the latest skills and knowledge.“We’re excited about the future,” Logan said. “Expanding our services and footprint allows us to bring our expertise to more clients, helping them secure and beautify their properties with the best possible solutions. We’re not just building fences; we’re building a legacy of quality and trust.”About Fencing San AntonioFencing San Antonio is a locally owned and operated fencing company dedicated to providing high-quality fencing solutions to the San Antonio community. Founded by Lawrence Logan, the company offers a wide range of services, including residential and commercial fencing, fence repair, staining, and custom gate installations. With a focus on transparency, efficiency, and craftsmanship, Fencing San Antonio aims to deliver exceptional results for every client. Media Contact Organization: Fencing San Antonio Contact Person: Lawrence Logan Website: https://fencingsanantoniotx.com/ Email: Send Email Contact Number: +18305216612 Address:16618 Burning Glade, San Antonio, TX 78247, USA City: San Antonio State: Texas Country:United States Release id:16476

AI Tokens See Massive 80% Market Cap Rebound, Reaching $32B

The AI and big data crypto market cap, however, was coming down by a stunning 80% from its low in early October on revived investors’ interest. The total market capitalization of artificial intelligence-related and big data cryptocurrency projects and tokens has increased by 79. It has risen by 7% in the last three weeks meaning that the morale of investors in the cryptos has improved. It is equally pertinent to mention here that as of Aug 6, the total market capitalization of AI and big data crypto projects stood at a yearly low, $18. 21 billion, mainly because of its indirect dependency on the disappointing Bitcoin BTC tickers down $61,886, and the crypto markets in general. Back then, bitcoin prices declined beneath $50,000 based on the information provided by ForksDaily Markets Pro and TradingView. Market capitalization and volume of AI and big data tokens market. Source: CoinMarketCap TO READ FULL ARTICLE: CLICK HERE:  The post AI Tokens See Massive 80% Market Cap Rebound, Reaching $32B appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Web3 CEO Explains Bitcoin’s Role in AI Data Provenance and Security

This is true because, with the introduction of artificial intelligence, deep fake images, serious fake phishing attacks, and fake, and false reports of development have increased tremendously. In a world where artificial intelligence is rather fast creating a situation where the average user cannot trust the real identity of images, files, programs, and content that he or she encounters online, there may be an answer in the form of the Bitcoin network: Data provenance layer for the 21st Century. Cointelegraph caught up with Jeff Garzik, co-founder and CEO of Bloq, to find out how Bitcoin can address the issue. The CEO started the conversation by stating that there has been a lot of AI ‘ noise’ about signal — essentially there is A lot of AI interaction i.e. AI-originating content in the form of signals on the web which tends to obscure credible, reliable information. This problem of being able to tell whether or not it is legitimate data that has been received from a reliable source will only increase over time. TO READ FULL ARTICLE: CLICK HERE The post Web3 CEO Explains Bitcoin’s Role in AI Data Provenance and Security appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.