The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Is PC still out in Zambia?
This was from the project status update RNS on 6th November:
“ We have reported exciting soil sampling results from both the Mukai and Mushima North copper projects in Zambia this summer and similarly at the Jacks Project at the back end of 2022, following an initial drill programme. Management has proposed drilling programmes for all three projects which the Board considers to be justified. The foundations we have laid in 2023 will stand us in good stead as we progress to the exciting drill-discovery stage and has generated joint venture interest in a number of our projects, THE FIRST OF WHICH we hope to finalise soon at Konkola West."
The fact that we haven’t seen any drill plans for this season yet suggests to me that they are working on another JV.
Q: Cld @Tertiaryplc pls clarify a post on #TYM forum that drilling to 1.8k-2,000m vs TYM website stating: "Co has acq gravity & airborne mag fr Kobold. Interpretation has now identified areas in NTH & NW of the lic where the LOWER ROAN-THE MAIN HOST OF COPPER MAY BE SHALLOWER."
A: The Konkola West Licence targets the “ore-shale” of the Lower Roan Subgroup Formation, a rock layer that contains extensive copper deposits exploited at the adjacent Musoshi-Lubambe-Konkola mines, which all sit on a 15km long trend.
In the south and east of the licence we are targeting the deep, down-dip extensions of the known deposits at the Konkola mine, whereas, in the north of the licence, we believe the ore beds may be at a shallower depth based on the interpretation of geophysical data provided by KoBold Metals.
KoBold owns the Mingomba Copper Project which lies between the Lubambe and Konkola mines and recently discovered rich extensions to the copper ore-shale at Mingomba and is now drill testing targets on our licences to see if the mineralisation extends.
It is reported that KoBold now believes that the Mingomba Project (which had a historic resource of 250Mt at an average grade of 3.8% copper before being drilled by KoBold ) will become one of the world's top three high-grade copper mines.
Also to clarify, KoBold is committed to drilling at least two deep drill holes for a total of at least 2,000m on our Konkola West project and drilling is now in progress. We hope this helps
Two people on Twitter have already asked TYM whether they use BOX SCAN to do XRF on the cores. Newcrest's rig is state of art and it can do continuous reading of core grades etc as it goes down. It was in the Newcrest financials. As for Box Scan, I am not familiar with it. However, I will provide a link to RINCON of Australia on Twitter and how they utilise Box Scan. The link is: https://twitter.com/RinconResources/status/1775366013833638332 3.4.24 . If you look at the pic of the core shed, they are using Boxscan & lithogeochem on the cores in trays. One will NOTE that some of the cores are BROKEN in half and they are ARRANGED such that they stand up partially. TO SCAN using XRF, the core MUST BE BROKEN in half or in parts as seen - theory 101. For this reason, I magnified the 24.4.24 TYM pic of Mr Cheetham kneeling down with partners over 3 Konkola West DRILL CORES. If one looks at the pic of Mr Cheetham in the core shed with staff of 25.4.24, one can see some of the CORES are broken per theory 101. One can only do XRF on copper but GOLD must be assayed per the rule. So, Kinkola West is NOT a gold project. As for the drill, I recall that it is a NEW RIG from Korea so I dont think it is state of art to do XRF continuously. I dont think that asking a 2nd time will elicit a reply because it is norm that Kobold the operator is not ready to give out those details yet. But it is good of TYM to give us an update on Konkola West today with the SIGNIFICANCE that 300m has been reached today , hence the LOWER ROAN formation has been hit.
If one see the Stratigraphic Drill of the Lower & Upper Roan, it appears that 133-150m is the 1st section and then 150-300m. The chart that one see one has to gauge the depth so that is the rough depth. Then, it goes from the 300m to 1,000m and usually, they overshoot to see if mineralisation etc for END OF HOLE results. Exciting yes and maybe too exciting for me. Another person has asked TYM to see more pics and I think everyone has covered all the ground to ask. But Mr Cheetham in particular is very good in that where a general question is asked, he will answer knowing that KOBOLD has done "interpretation of GEOPHYSICS" but here on this forum, it was INCORRECT that none were done and that we are all wishful dreamers kinda of thing. So, TYM is officially setting FACTS right. Also, if drilling is going to 1800-2000m 1st hole, we could be waiting for ever kind of thing. Here's hoping for the best given what TYM RNS ,2.5.24 stated about "TRANSFORMATION" potential reference to results at Kinkola. In today's TYM RNS, Zambia licences were described as "EXCITING" and licences are in plural. So, NOT a 1 horse race. Mr Colin Bird, at AFP put out a new RNS and he is looking for MORE ZAMBIAN LICENCES due to the HOT exploration ground in Zambia and P.Cheetham in his presentations said co's "SCRAMBLING" for licences. Nice. Just came back to post some good news from TYM via Twitter.
Interesting. Can you ask them if Kobold are using a portable xrf or something similar to test the cores as they go?
London South East TYM on 29 Apr 2024 @15:41: " But with NO previous DRILLING of the TYM lease and, as far as I know, NO SEISMIC or GEOPHYSICAL survey, it is at this moment WISHFUL THINKING."
London South East TYM on 29 Apr 2024 @22:09: " ...high grade COPPER found at a depth of 1,800 and 2,000m. WHY WOULD THEY EVEN EXPECT TO FIND ANYTHING AT A HUNDRED METRES OR SO is beyond me and NOTHING TO DO WITH THIS DRILL.
THE REPLY TO THE QUESTION OF POSTING ON THIS FORUM BY TERTAIRY MINERALS ON TWITTER, 30 APR 2024:
[1] Tertiary CONFIRMED : "We believe the ORE BEDS may be at a =====SHALLOWER DEPTH based on the INTERPRETATION of G E O P H Y S I C A L data PROVIDED BY KOBOLD. The Konkola West Licence TARGETS the ORE SHALE of the =========LOWER ROAN subgroup FORMATION, a rock layer that CONTAINS EXTENSIVE COPPER DEPOSITS exploited by the Musoshi-Lumbambe-Konkola mines. which all sit on a 15km long TREND. Also to clarify, Kobold is committed to drilling 2 deep holes of at least 2,000m on our Konkola West licence and DRILLING is now in progress. Please let us know if you have further questions." -TYM on Twitter and RE-TWEETED FOR ALL INVESTORS TO SEE dated 30.4.24.
Comment: [1] TYM now officially CONFIRMS there was GEOPHYSICAL and not what Mr A of this forum posted as above on 29.4.24. [2] The LOWER ROAN is CONFIRMED by TYM to be the formation that contains "EXTENSIVE COPPER". [3] On Geo Pro, the 1800-2000m was ONLY DRILLED by Mingomba, Zambia, adj to Konkola West TYM as a "STEP OUT" and not as early 1st drill 101 --meaning of step -out is to test continuity but not usually the 1st or 2nd drill hole? [4] The Lower Roan formation per the Stratigraphy is around the 130m per 1 drill in Zambia and up to 150m and there is also the next section from 150-300m. UPPER ROAN is around the 300-1000m depth 101 ? [5] TYM drilling started on 16.4.24 and on 24.4.24 TYM RNS, they reached 150m at Konkola West which will be the LOWER ROAN formation. Today or tomorrow, they reach 300m +. NICE THAT TODAY, THUR, 2.5.24, TYM RNS stated: " potential to be deliver TRANSFORMATIONAL RESULTS FOR THE CO re: Konkola West." I return to post the above since Tertiary provided the answers to the big to do on this forum on 29.4.24. All answered by TYM on Twitter and RE-TWEETED BY TYM for all investors to see what they said.. Hope this clarifies. If anyone wants to see the STRATIGRAPHY DRILL HOLE DONE ON KONKOLA WEST , just type this title as I have given the link before ---so incorrect that NO drill was done on Konkola West. This stratigraphy drill hole [said] is via Research Gate which means all historical data and published. DYOR. NIA. Thur, 2 May 2024. https://twitter.com/Tertiaryplc/status/1785278672359854241 dated 30.4.24. [No names were mentioned nor name of TYM forum].
The first KoBold drill should be over 350m by now, so news potentially within 2-3 weeks.
Still hoping to hear more from Zambia before then, with drilling season kicking off across the country now as the ground dries up after the rainy season. Both African Pioneer (FQM) and Arc Minerals (Anglo American) have said that drilling is imminent in NW Zambia where Tertiary have the Mukai and Mupala licenses.
Https://x.com/tertiaryplc/status/1785914277653512662?s=46&t=ckVUhaIOIFI0JXn_PG0_DA
The mining company KoBold Metals, which is financially backed by billionaires Bill Gates, Jeff Bezos and Richard Branson, among others, announced at the beginning of February that it had discovered a huge copper deposit in Zambia. The company announced that the Mingomba mine in northern Zambia contains the largest deposit found in the African country for a century. Zambia is Africa's second-largest copper producer, and the metal is central to the country's economy.
https://www.nzz.ch/english/company-backed-by-bill-gates-finds-copper-deposit-in-zambia-with-help-of-ai-ld.1802904
KoBold intends to expedite $2bn Zambia copper mine
The Bill Gates and Jeff Bezos-backed company is exploring the potential for partnerships to advance the project.
According to KoBold, the Mingomba deposit could represent the most significant Zambian copper discovery in a century.
https://www.mining.com/gates-bezos-backed-kobold-says-zambia-copper-find-largest-in-a-century/
@Torino
$ 85M Anglo American JV with ARC Minerals now under way as update over there and presentation later today at 12 noon
It's all about to get busy for all the operators in the region now as rainy season is over and drilling commences
Should be a very exciting period for all TYM and ARCM holders over the coming weeks ahead.
GLA
Exactly and KoBold's Mingomba Project is located just 2km northeast of Konkola West. KoBold now believe that the Mingomba Project will become one of the world's top three highgrade copper mines and the really good news is we are right next door drilling at least two deep holes. Not long to wait for possibly huge news...
Good luck, Brighty
Just too many shots at the big prize here, deseveres to 3x on recent promise alone
It’s no surprise, I mean KoBold have got on with things at super speed to get the drill bit in the ground, and they are planning on spending $2 billion next door. While look at ARC minerals, they announced their JV with Anglo American ages ago but still no drill bit turning. Kobold are driving this, and we’re in the passenger seat for potentially a life changing drive.
Good news, but it's also interesting that PC has taken the opportunity to reaffirm that Konkola West "has the potential to deliver transformational results for the Company" following his visit last week and discussion here regarding the the interpretation of the photographed core samples.
yes, gold in trench t2 yielding values up to 2.7g/t gold. also in trench t11 ****nic and mercury are at 1,000 times background! this just gets better by the day. whilst all eyes are on the konkola west copper project in zambia this could be "transformational" news too. as you say, this is a bonus that could create a huge money making venture for tertiary minerals and its investors.
That’s pretty good update from Nevada, with all eyes on Konkola West this really is an additional bonus.
There maybe gold in them there hills….yehaaaaaaa
2.7g/t gold plus ****nic & mercury at 1,000 times background announced today.
this is yet more good news from tym. in summary they are announcing today at its brunton pass project in nevada that:
* coherent electrical chargeability anomaly, typical of sulphide mineralisation prospective for copper and/or gold, extends through all ip survey lines.
* chargeability anomaly is spatially related to previously identified
* a surface alteration zone in trench t11 where pathfinder elements ****nic and mercury are at 1,000 times background
and
*a gold-bearing zone in trench t2 where sampling yielded values up to 2.7g/t gold
ceo statement:
"the ip anomaly defined by this survey is large and present over the full 700m length tested by the survey. the results from our previous rock, soil and trench sampling all vector towards this anomaly which is now a compelling drill target for the discovery of an epithermal gold and/or porphyry deposit.
"much attention has been focussed on our copper exploration projects in zambia, particularly on the konkola west project where drilling is in progress that has the potential to deliver transformational results for the company. however, we continue to advance our key projects in nevada, so i am pleased to be reporting these new results."
looking good here.....
good luck, brighty
Positive update....
Patrick Cheetham, Executive Chairman of Tertiary Minerals plc said:
"The IP anomaly defined by this survey is large and present over the full 700m length tested by the survey. The results from our previous rock, soil and trench sampling all vector towards this anomaly which is now a compelling drill target for the discovery of an epithermal gold and/or porphyry deposit.
"Much attention has been focussed on our copper exploration projects in Zambia, particularly on the Konkola West Project where drilling is in progress that has the potential to deliver transformational results for the Company. However, we continue to advance our key projects in Nevada, so I am pleased to be reporting these new results."
Mcap only £2.4m so plenty of scope for a significant rise in the SP given some positive news...
Agreed but this is probably the most exciting period in tym history and a step towards a more legitimate asset. One would expect interest to peak as we approach drill results for sure.
It’s amazing how without fail, whenever there’s a slight rise in the SP here, someone is guaranteed to pop up claiming to have made a packet on GGP and how this is just the same!
In fact having just done a dummy buy and sell … it would take 5 million off me at 0.09
So we are climbing even if it’s not totally yet visible
Yes I did … the big sell at 8.00 is a sell but apart from that the buys are just building it back up. There are a couple of decent size buys … unfortunately the £1,200 @ 9.00 is all I could find (I thought some at 0.094 the other day was a snip of a buy for me)