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TMO | Do you think this is one of the best times investors can get in on Midnight Sun? And if so, why?
O'Brien | Well, I think it's the best time to be investing in copper in general. Certainly we're going to be obviously very biased and say it's the best time to invest in Midnight Sun.
If you're looking for something in the copper space, first of all, copper, there's a new demand for copper that we've never seen before, That's right on the horizon, right? So you're probably, let's say 18 months out from seeing a new phase in copper that's going to be driven by electrification. That's going to give us a couple of decades probably of runway where you're going to see demand for copper like we've never seen before.
Never in my lifetime, never in your lifetime. Huge demand for copper and what you really have to look at is not just a demand for copper based on electrification. That is certainly the driver, but you have to look at copper projects globally.
So you have a lack of new projects coming on stream. You have a lack of discoveries being made and the discoveries that are being made are typically porphyry deposits. They're typically now, I like to say the low-hanging fruits been picked. So the easy ones to find have been found.
Now we're into these projects that are really deep, they're really expensive, and we're talking CapEx (capital expenditures) that's beyond what any junior could probably ever tackle. So huge CapEx, tough jurisdictions, they're very deep and you have to look for projects that are quicker to get into the pipeline of development, that are going to be able to reach production stage more quickly and that are probably lower CapEx, so meaning open pit, and then you have to think about jurisdiction. If you look at Midnight Sun, you have jurisdiction
It was a rainy season in Zambia, and that makes it very difficult to move rigs across the ground. It's not that there's a lot of rain days today, but they're in the process now. We're waiting for the ground to dry out. We're waiting for rainy season to end and be gone, get back to the beautiful 75-degree weather in Zambia and get the drilling underway.
TMO | Briefly we talked about the new science that is going into developing these targets. Can you recap the significance of this?
O'Brien | I think if you look at the approach that KoBold is taking, so in particular they're working on a project. If you look at our entire project, just to slightly digress here, we have four big individual targets.
So the property is essentially split up into four pieces. Each of those targets has the potential to be one of these billion-ton domes region deposits but basically they're focused on something called Dumbwa, and the deal that we struck with them is just for Dumbwa.
The rest of the property remains with Midnight Sun, and we're going to advance that on our own. But Dumbwa itself is a 20-kilometre-long soil anomaly, which that fact in itself is exciting, but it gets up to 0.73 per cent copper in soil. So the entire property is covered in a blanket of soil, if you will, and to find trace copper is usually a good pathfinder to something bigger going on.
In this case, the average grade of each mine across the domes region is 0.59 per cent copper spread across all of them. We have ore grade 0.73 per cent copper in soil across this anomaly, which is pretty spectacular. So KoBold is basically utilizing that. That's their pathfinder. They know this is the target they want to attack, and so they have a big drill plan for that.
If Bots drilling shows reasonable results (anywhere near or better than surrounding neighbours assays) the value of the assets (sale price) will surpass our present Mcap (not too difficult I agree)
While we are waiting for the meeting interesting interview from midnightsun on Copper
TMO | The last time we spoke, Adrian, we talked about the massive property Midnight Sun has in the heart of Zambia. For those who missed our last discussion, who is situated near you and what target of yours is of particular interest at the moment?
O'Brien: The property is really uniquely located in that in Zambia there's kind of a traditional Copper belt known as the Zambia Congo Copper Belt. It runs from the DRC (Democratic Republic of the Congo) down through Zambia, but then there's another area called the Domes Region and that's where we're situated. So that runs east to west, and it's basically a belt that hosts billion-ton copper deposits. So there's four or five big, well-known mines in the area.
When you talk about who surrounds us, right next door to us, and I mean six kilometres away is Kansanshi, which is First Quantum's flagship. You have First Quantum Sentinel Mine, further to the west, Barrick's Lumwana Mine, which is like ground zero for Barrick's move to becoming a major copper producer, and then above us you have Ivanhoe's Kamoa-Kakula and one called Tenke that's owned by China Molybdenum. They bought that a few years ago for $4 billion.
TMO | You are partnering with KoBold Metals, $15 million over four years. Has there been any recent developments around this, and what will be the first steps in terms of work on site?
O'Brien | So KoBold of course, is kind of a newer player, right? They're an AI mining company that's come in the last couple of years, really, really bleeding edge, exciting. They're using new technology, novel technology, AI combined with traditional geoscience in order to expedite the development of assets. And so they've taken on projects all over the world, but this is kind of their flagship copper exploration property.
But they've built the absolute best geological team and so we're a few weeks into the deal being announced. We've started now to dig into what does the actual geological approach look like, and it's being led by David Broughton. And if you don't know David Broughton, David's probably the top set copper expert in the world. And he's leading this program. He's built an absolute top-notch team of the best geologists out there, and so David's leading the way.
They've just sort of shown us what their plan is. It's aggressive. They're getting ready to drill. They have two drill rigs ready to go. Their plan is to basically attack this thing. It's drill ready. So we don't need to do a lot of preliminary work, and they have a really aggressive drill approach. So we're getting close.
PFP I actually am more excited about our assets in Botswana than zambia at the moment for the reason that Anglo will dictate news flow for Zambia and they are not a junior explorer, they don't need to ramp it, at least with Botswana news flow can be released as they go, survey news due in a week there. I do wonder if the Chinese would be interested in a Jv if they find anything meaningful.
Caddy - it's just not quite ready yet. Certain types of speculators just want the warrants so need to offload a bit. When its settled the SP goes up. Simples.
Jarvis are you posting the same thing multiple times in the hope that someone will think you are credible?
By the way, where is the Shard broker note??
WHI View: Arc is back in the swing of its exploration, and we expect plenty of
news flow throughout the year. Arc is fast-tracking the Botswanan exploration as
the surrounding licences (owned by the Chinese MMG Group after a take-over of
the private company Khoemacau for $1.9bn in November 2023) have been drilled
on either side of Arc’s licence and have been shown to contain high grades of
copper and silver – e.g. 4-5m of copper grading up to 3.2% copper. There is every
expectation that these zones of copper mineralisation trend into Arc’s licence and
the work programme proposed will very quickly confirm or deny this theory in
our view. In Zambia, progress is out of Arc’s hands as Anglo American take over
as operator in the JV, but we expect them to spend quickly and wisely as they
return to some of their favourite ground in Central Africa – ground they used to
hold and anomalies they prioritised. We continue to see fair value in Arc at 5.8p,
but note that any discovery in Botswana or Zambia should have a meaningful
impact upwards on the market perception of Arc
Arc Minerals (LSE: ARCM), an exploration company forging partnerships to discover and develop Tier 1 copper deposits, is pleased to provide an update on activities at its Joint Venture project in Zambia and at its Virgo Project within the highly prospective Central Structural Corridor of the Kalahari Copper Belt ('KCB') in the Republic of Botswana.
Highlights
Zambia:
· Following the end of the rainy season, the Arc Minerals Joint Venture partner has commenced work at site
· Work programme to include core diamond drilling, initially at two identified targets
Botswana:
· Ground IP Survey over copper targets in PL 135/2017 anticipated to be completed by next week
· First phase of 2,000m Reverse Circulation Drill Programme to commence this quarter
· Prospecting License Renewals submitted
Nick von Schirnding, Executive Chairman of Arc Minerals, commented:
"We are thrilled to be commencing drilling activities imminently in both Zambia and Botswana, following a lengthy rainy season in North West Zambia.
Extensive studies have been carried out on the stratigraphic hole which was completed by our joint venture partner in December 2023, providing valuable insights and geological data of the deeper part of the Kabompo basin.
We are also very excited to move onto the next stage by ramping up activities on our licences in Botswana with drilling to commence this quarter."
Discovery or M&A. Either could drop any time.
All looks good apart from the SP yet again. What the hell needs to happen to get this turning blue????
Reading the full RNS, Nickle now specifically mentioned at 2 Zam sites "Core Diamond drilling in areas that are deemed prospective to host copper and nickel mineralisation" and Bots 3DEE company has suggested extending range due to their findings " Following a c.30 line-kilometre bush and shrub clearance started in March 2024, the ground IP survey commenced on 22 April 2024 and has been extended to cover additional areas that 3DEE has recommended based on the field results observed to date"
PP is something going on today??
Investor Meet Company Call 12:00 BST
TODAY Thursday, 2 May 2024
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@Travelcard Thanks for your suggestion "Call me the voice of reason" ... I haven't laughed so much and so hard in ages!
ATB APR
Great news!
Anglo American now underway with $85m JV spend in Zambia and also work under way to then also comence drilling in the Kalahari Copper belt.
Worth a reminder for folks just checking in.....
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Investor Call via Investor Meet Company
The call is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9:00 BST on 1st May 2024 or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Arc Minerals Ltd via:
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Update on Drill program about to kick off.
Published investment analyst target $1.89 Billion valuation target is really just focused on the Anglo American JV and highlighting the potential mid-
case outcome for ARCM of $1.89m at ZCP.
Clearly it could be much higher given that out of the top 30 ranked targets in the region (which include the 3 existing multi-billion dollar Tier 1 copper deposits owned by global majors that neighbour our licence area.
ARCM owns not 1 BUT 9... YES 9 of the Top 10 ranked district scale Copper targets in the whole region with the other 3 existing multi billion dollar copper deposit discoveries ranked much lower down the target list than ARCM's land package.
No reason.why the investment analyst target of $1.89billion may not be seriously upgraded by a multipler of 3 or 4 x times..
With all the talk of the AA JV, no one has really been focused on our licences in the Kalahari Copper belt (KCB) where our two licence areas are next door to Khoemacau copper mine that has in the past couple of months been acquired by the Chinese company MMG.
https://www.mmg.com/media-release/mmg-to-acquire-khoemacau-copper-mine/
I wouldn't be surprised if they don't already have our KCB assets firmly in focus as another potential take over target.
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There is the potential for multiple Tier 1 projects to be proven in the ZCP with deep pocketed AA committed to spending $85m to proove these multi billion targets up.
In addition, our KCB neighbours have recently been acquired for a multi billion transaction.
At just £25m market cap and AA happy to throw $85m at discovery drilling and they have the deep pockets to build any discovery fully out. This has multibagger written all over it.
From these levels the prospects of a dozen or so inflection points gapping up the SP aggressively over the next few weeks & months ahead is probably akin to nothing else seen in the small cap space since SOLG and GGP went on their mult-month breakout rallies throughout their discovery phase.
It's a classic lasonde curve play with a massive free carry on the drilling from a global major.
Probably the biggest copper drill in the junior resource space since 2016.
I certainly won't be missing out on running a nice position from here.
GLA
SeisNav talking of our ex ned interesting post from Advfn.
atboy1nc1 May '24 - 07:44 - 8910 of 8917
0 20 0
Mushinge,
You are sadly your own worst enemy!
This will be the Options in question:
hxxps://www.arcminerals.com/news/rns/rns-details/2022/Arc-Minerals-Limited---Grant-of-Options/default.aspx
"Further to the Settlement Agreement as first announced on 18 February 2022, the Company announces the grant of options to the claimant parties over 3,000,000 new ordinary shares of no par value ("Ordinary Shares") of the Company ("Share Options") with an exercise price of 5 pence per Ordinary Share. The Share Options are exercisable immediately and will expire on 31 March 2024."
Options clearly indicates an expiry.
Your financial acumen optics are of your own making - personally classifying you as extremely poor.
You also sold Arc shares to Stone Creek Global Ltd. Not fully understanding the exotic derivative on exchange.
Proverb of the boy who cried wolf.
His first posts were about the fake High Court cases so he had clearly been primed about that. Probably something to do with our former director / con-artist.
Https://www.mining.com/anglo-american-copper-assets-worth-35-billion-report/ Zambia could add a lot of growth to Anglo's share price.
Seis - Fulmar. - I just try to provide some balance to your purely ramping views. Call me the voice of reason.
It will obvioulsy take about 6 months before we really get any indication if they have hit the mother load or not in Zambia but I wonder if the news licences will have any Cobalt in them, looking forward to finding out where they are.
https://www.mining.com/web/britain-agrees-on-deals-for-clean-energy-critical-minerals-with-zambia/
I've given up long ago trying to figure out what motivates the trolls, and if they haven't worked out after all this time how sad they really are, then there's absolutely nothing we can say that will help them to see it. Travel is bitter and then some, just let him choke on his own bile.
Why is travelcard only interested in Arc in particular do you think? There are lots of juniors out there whose licenses he could be calling into question but he ignores those and has spent two and a half years trying to stick the knife into this one! What a sad excuse for a human being he must be!
And there's a worried bitter old soul.