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No typo. 170,000t per year phase one plant if run 24/7 could run for 100 years if the exploration target exceeds 17MT. The exploration target is 50MT
Drilling let's them know what is 150m under the ground in all directions. 5000m at 150m would be 33 drills.
The pilot plant has a feed capacity of 20tph so running 24 hours that's 172k tonnes. The initial Exploration Target is 10-15mt, so phase one would be a 100year operation based on these figures.
JORC is required to know how big a phase 2 copper cathode plant to build. Phase one is tested, funded, designed and built, waiting to be delivered and producing revenue in Q2 2024.
This asset was only acquired in Q4 2022 don't forget.
"At the Kinusi Copper Mine, the US$2.04 million, will be used to meet the costs of the previously announced Phase II Program of exploration activities and further work which will include amongst other things, the following:
Work will focus on the high-grade copper mineralisation at the main Sasimo Prospect
LIDAR and airborne geophysics survey
Drill access roads and drill pad preparation
Initial 12 -hole, 1,500m as part of a larger planned 5,000m resource drilling program aimed at defining a maiden JORC Compliant mineral resource estimate"
RNS 19th january^^
https://twitter.com/JB_MiningAfrica/status/1687424209620729856?t=ZXZKJTPLZElcEEPWH0vAZA&s=19
Copper recoveries looking very good from the pilot plant tests^^
https://twitter.com/JB_MiningAfrica/status/1694658969099264116?t=O4AYwIY-LYOl0naHnyqouQ&s=19
Here is photos of the processed high grade concentrate and an artists impression of the initial phase 1 processing plant. ^^
Sounds like they are going for a further acid leach phase to turn the output into a high value copper cement. I would imagine this will run in tandem with the plant already built? Or maybe they will feed the low grade material into the cement process only?
All will be revealed before Easter once Jason gets the reports back from the newly employed General Manager and copper expert Yana
No mate. Not everyone can pick up a rock of this grade and which is widespread and where assays results of up to 15.48% copper were reported on the copper mineralised corridor that extends for over 1km length and over 300m in width and where an initial Exploration Target at Kinusi of a 10-15 million tonne deposit of high-grade copper, gold, and other base metals was estimated by Geofields Tanzania Limited as announced on 18 August 2023.
So no it’s not just any rock that can be picked up.
And the rocks that have been picked up are pretty representative of what is seen there - and yes I know because I’ve been there and tried to pick up many of them.
No. Not rock chips or channel samples but bulk samples of material of samples of faces exposed from working open pits on addition to other samples from similar small scale open pits.
Open pits that have been mined not because people like digging holes but because they make money from the sale of high grade copper ores.
Good evening all.
Just thought I’d add my comments.
Project will be drilled and next phase of work will deliver that JORC.
In the meantime independent geological consultants have confirmed a very significant exploration target identified through the samples taken from multiple exposures and outcrops and small scale open pits that have exposed widespread mineralisation.
Great potential which has already led to mining and sales and high grade copper DSO material from these already granted mining licenses and where we have already completed detailed costings and made commitments to an initial small scale plant and which has already justified significant interest from offfake parties - some of whom are already taking material from that region.
Anyone can pick up a rock yes. But the very very high grade rocks at Kinusi they have collected from surface? Here is a big pile of them. I doubt you could pick up more than one at a time
https://ibb.co/0nxBbCJ
We covered all this on the 1st March, I spent hours finding all the research sources for you.
A CPR which is almost ready for release at Kinusi can be a very long and detailed report.
Have you ever heard of a company going from nothing to profitability and multiple JORC releases for say £10m expenditure in 18months? Hang about and you will
Anyone can pick up a rock yes. But the very very high grade rocks at Kinusi they have collected from surface? Here is a big pile of them. I doubt youncould pick up more than one at a time
https://ibb.co/0nxBbCJ
If you are genuinely interested,
Oh FFS. Can not of you hates search a PDF? The Kinusi results are in an RNS.
https://polaris.brighterir.com/public/marula_mining/news/rns/story/xzk5m3x
Here is the research again. Do us a favour and watch them please as your lack of understanding here is painful.
CEO interviewed on the Biztech academy
https://youtu.be/ypL2y63o9dk?si=dLLylNM2-iIVJB3F
Billionaire mining entraupener who is the largest shareholder and fronted all the cash to develop these assets interview
https://youtu.be/j5VOfPzrxCo?si=20cBNZzf4dumKpVS
Rain, this is my last engagement with you as before you have just annoyed me with your lack of understanding or basic research, constantly drumming the same criticism on repeat despite me spoon feeding you.
Asiamet resource COPPER average grade 0.5%
Remote location with no power, requires a biomass paint to be constructed 100km away? Wow, that's risky...
Kinusi copper average grade 2.5% as reported by independent geological experts. Already being lined profitably by locals hence initial processing plant being built to improve. Up to 15% from surface. Search twitter for marula kinusi. You can see the blue rock. That's off the scale and you know it. Stage 2 drilling program paid for and under way now.
The $1billion is for Blesburg, in a different country from Kinusi Copper. You did realise that yes? When I stated "try and calculate the IRR figure for us for the lithium resource?"
You had made the distinction in your head regarding the two projects? You do know that the Lithium resource has been drilled and had 30t at least of sampling done and the offtake agreement has been signed.
*******
At Blesburg, *LITHIUM PROJECT* 42 diamond drill holes have been completed for a total of 2,386.67 m drilled. AORC maiden resource declaration is due very soon based on the initial phase 1 drilling results and should be expanded further once phase 2 drilling is incorporated.
https://twitter.com/MarulaPlc/status/1732300256925123012?t=RiaIvIKuvx8fNGqqRzza_Q&s=19
Https://docs.google.com/document/u/0/d/1OXucCyUJnw1YLVs2carsflmPQ9vJk_R2Ih8B6L_IOwU/mobilebasic
Credit to Ant, Steve, Chuggs and Kev on telegram. Cheers
Oh we are on month 15 of that 18 months to profitability by the way. Remember my IRR figures?
Would you be so kind as to try and calculate the IRR figure for us for the lithoum resource?
Here is a table with the economics based on 3000t of SC6 product. The company is aiming for 5000t/month minimum.
https://ibb.co/DWLXPJz
Notice total cost per ton $276/t (bottom right)
Add in transport and tax and the AISC is about $500/t
SC6 worth $1100/t and byproducts worth $500/t
AISC is $500/t for every $1500/t revenue*
Good afternoon
Here is the Asiamet resources DFS - the company you are invested in and told us was a better investment
Initial 9.2 year mine life producing up to 20ktpa of copper cathode per annum
• Life of Mine (‘LOM’) Revenue of $1.4 billion and EBITDA of $655.3 million
• Capital cost of $208.7 million (excluding growth and contingency $26.7 million)
• Post Tax NPV8 $162.8 million, IRR 21.0% (post tax, excluding closure costs)
• Payback Period 3.4 years
To summarise, this plant will take another at least 2 years to fund and build and cost $200m
Over 9 years it will.make $1.6b
NPV will be $162m
That's a very poor return.
Blesburg, Just ONE of Marulas project is likely to make $200m in 2.5 years. AISC is $500m for every $1000 revenue on lithium alone. The free byproducts are another $500/t.
Run that through your calculator, and they will see over $750m FCF or NPV back.
Capex? $5m
Time to profitability? 18 months
Number of shares? About 400m
ARS have spent about £40m over the past 5 years and haven't made a penny.
2.59b shares in issue
A way, congratulations on finding Marula.
The Kinusi at Marulas copper mine they know extends at depth by the way as the original owners have peppered mining shafts along the strike. Effectively a free drill hole if you like.
As I understand it you drill the seam durrrrrrr
The only kids pool is the p**s you are sitting in
Dee, can you show us on this doll where MARU touched you?
WTF is your agenda about? You repeatedly bring up the same mis information and are repeatedly corrected. A week later, you bring up the same agenda based attacks, raising the same incorrect nonsense.
What is it about really? Surely not your terrible decision to lose a lot of money in ACP over the last 2 years and you're jealous of a junior miner in the same sector? A competitor actually going places and releasing news, keeping shareholders informed, rather than one RNS every 3 months and pretty much zero progress in the last year?
Time to sell up those ACP shares, face up to reality, drop the personal agenda and come and make some real money with MARU. Start by doing a bit of actual proper research, not just cherry picking flawed and misinformation to push an agenda.
Https://twitter.com/JB_MiningAfrica/status/1771102517205586382?t=sw_ciSfcGCVoPdAlo1fttw&s=19
"In addition to the spodumene sales, Blesberg will also look to complete sales of:
⚒️ tantalite and coltan
⚒️ feldspar
⚒️ mica
These sales of by-product minerals have the potential to completely offset the operating costs to produce the lithium."
Https://twitter.com/JB_MiningAfrica/status/1771101570354016690?t=7HqaCXMzIQK3EKPQ3hoVZA&s=19
Between now and December 31st 2026, at todays lithium price, Marula are planning to generate $150m from lithium sales alone.
Add in the byproducts on top of that and we could be talking over $200m from that one mine.
FCF I'm guessing around $50m a year from Blesburg alone.
Kinusi copper mine expected to do similar things
Here is Jason's official reply to Dee's queries
https://twitter.com/JB_MiningAfrica/status/1771043837172982188?t=YxYWpoxQ8k9vcxeEMUujvQ&s=19
1)A great discussion with Dee who whilst asking some very pertinent and important questions unfortunately made some incorrect conclusions.
Our transaction with QGC has allowed us to rapidly grow our business with the support of a major mining company and investment house.
2) We've entered into a number of agreements with QGC and these have provided funding to advance our Blesberg Lithium Mine to production.
A lithium mine considered one of the Top 10 in Africa.
This funding has allowed us to develop and advance our other projects in parallel.
3)hese arrangements extend to co-development opportunities and also a broader relationship.
There are few other junior mining companies that have such a partner.
There are few other companies that have experienced such growth on the back of such support.
4)All of the agreements with QGC have been available to be reviewed by shareholders and investors.
These agreements have all been published and can be accessed from our website and through the 'Investors' section.
A commitment to our shareholders of being open and transparent.
5) I am sure you will agree that it is not often that junior companies make such documents openly and fully available to shareholders.
From the outset Marula has prided itself on being open and accessible to its shareholders.
I am pleased that this further demonstrates that.
----
The full suite of our share subscription, relationship and co-development agreements with QGC are available on our website along with the subsequent addendums.
A clear commitment to transparency and to our shareholders.
Link here >>> marulamining.com/qglobal.html
On the zoom call last night, Jason was quizzed on 70% owned Kinusi Copper project.
Here are the assay results from phase 1 exploration program (5th October)
https://www.aquis.eu/stock-exchange/announcements/4292346
So reading this again, the average grade of samples was 2.68% copper. This included samples of 0.1% copper taken outside of the mineralised zone.
High-grade assays from the Sasimo Prospect included 15.48%, 11.69%, 11.03%, 8.11%, 6.55% and 6.54% copper
the main Sasimo Prospect at Kinusi, where assays results of up to 15.48% copper have been recorded on the copper mineralised corridor that extends for over 1 kilometre (“km”) length and over 300 metres (“m”) in width and where an initial Exploration Target at Kinusi of a 10-15 million tonne (“Mt”) deposit of high-grade copper, gold, and other base metals was estimated by Geofields Tanzania Limited
The above to me suggests that the average grade of the 300mx1km at surface strike will be significantly higher than 2.68% copper.
The plan now is to initially go for a copper cement product which will be worth 80% of LME copper price (currently $9000/t)
Kinusi revenues will start in Q2 and are expected to be simmlar to Blesburg which we anticipate being over $50-75m/year lithoum + byproducts once production ramps up.
Full updated report due internally to Jason next week and an RNS update will follow.
Gotham, when Dee said zero drills have been put in the ground, he was referring to Kinusi high grade copper project, not Blesburg.
At Blesburg, 42 diamond drill holes have been completed for a total of 2,386.67 m drilled. AORC maiden resource declaration is due very soon based on the initial phase 1 drilling results and should be expanded further once phase 2 drilling is incorporated.
https://twitter.com/MarulaPlc/status/1732300256925123012?t=RiaIvIKuvx8fNGqqRzza_Q&s=19
As for Kinusi copper, phase one exploration was all about samples and trenching/assay results. That is all complete and provides sufficient data to build the phase one processing plant
https://twitter.com/MarulaPlc/status/1696440661002580354?t=yYNG2nHoxvZY6XiV2bmm3g&s=19
Phase 2 1500m drill program is still underway, I believe they are improving the access road for drilling equipment.
The original plan has now changed and they are targeting a copper cement product which achieves 80% LME copper prices/t (copper currently at $9000/t)
This was from last nights zoom call and from memory. A full report on the Kinusi recommendations from the new General manager Yana will be available to Jason next week and a full RNS update will be released detailing the results and plans for Kinusi.
There are around 200 messages a day in the Marula telegram group if anyone is interested in joining
to your question on why they need shares holders. *****on has the f9 fund too. they will also invest in his metals projects. if the company was private he would have a large tax bill. he could easily bring funds in. paying dividends is very tax efficient way of getting money twice yearly.