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Correct they are in a JV. PC mentioned in a previous interview that there has been several inquiries from other companies, but non of those are at advanced stages. We are also waiting for news regarding the Swedish asset, if we get positive news regarding that the SP will sky rocket.
They are already in a joint venture... isn't that the point? Drilling is due to start within weeks.
STRONG BUY
Im not a ramper and also Im not a day trader. I'm an petroleum engineer, currently inhouse geologist with over 30 years experience in the oil and gas industry. I have inevstments accordingly to my budget in the oil and gas sectors and mining sectors obviously based on a projects.
Fill your boots, accumulate at this low prices and sit back.At the end of the year or earlier next year KoBold Metals of California, which is backed by Billionaires Bill Gates and Jeff Bezos will be in a joint venture and we all be rewarded.
The largest copper deposits ever recorded in the Zambian history of mining have been discovered, a development that is expected to make unprecedented contributions to the economy of the country and the wellbeing of its people. In a marked departure from mining projects in the past, project promoters – KoBold Metals of California, which is backed by Billionaires Bill Gates and Jeff Bezos, is in a joint venture partnership with the Zambian government through ZCCM-IH and list shares publicly in the next three to four years.
https://www.pdu.gov.zm/blog/largest-copper-deposits-in-100-years-discovered-in-zambia-hhs-mining-policies-paying-off-in-a-big-way
KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, said on Monday its Mingomba asset in Zambia is the country’s largest copper deposit in a century and that it plans to fast-track its development.
https://www.mining.com/gates-bezos-backed-kobold-says-zambia-copper-find-largest-in-a-century/
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.
https://www.mining-technology.com/news/kobold-intends-to-expedite/
The Financial Times article highlights KoBold's intention to drill test the projected down dip extensions to the copper ore-shale at Mingomba, the same geological formation present at the adjacent Konkola Copper Mine. KoBold's commitment to drilling at least two deep holes at Konkola West in the upcoming months signals a concerted effort to uncover the full potential of the region.
ICYMI - IN CASE YOU MISSED IT
Mingomba copper deposit a big investment in Zambia?
Big discovery
Josh Goldman the President of KoBold Metals confirmed the huge size of the copper deposit which was found in Zambia. The deposit according to the year of drilling is considered to be the country’s largest copper deposit in the last 100 years. After the evaluation, KoBold Metals may consider partnerships in a $2 billion investment as it plans to fast-track- track development of a new underground copper mine.
Josh Goldman during Investing in African Mining Indaba stated: “The story with Mingomba is that it’s like Kakula in both the size and the grade”. Moreover, Bloomberg has indicated Mingomba deposit aa: “It’s going to be one of the highest grade, large underground mines.”
Fast-track?
Taking into consideration the demand for critical metals KoBold Metals which wanted to build the mine within a decade has put the decision on the fast track. According to Goldman during the Mining Indaba Conference: „We’re on track to do it fast and it’s going to be one of the highest grade, large copper mines”. We will make it quicker than ten years. We continue to move fast and the pace that we’re moving at is with the accelerator firmly on the floor. Moreover, Mfikeyi Makayi has informed that “mine development, including sinking of shafts, could start around 2027”. Goldman is not worried about securing the money. He states: „For a great project, there will be capital.”
In line with all perspectives
The Zambian mine could require an estimated $2 billion investment though existing infrastructure from other operators on the central African copperbelt could help reduce the capital requirement. Furthermore, according to Reuters, this project is in line with efforts taken by the US to find alternative sources of supply of critical metals such as copper, cobalt, lithium, and nickel. The metals are key to helping the transition to clean energy and accelerating growth in battery electric vehicles. In addition, this mining project is also in line with the vision of Zambia’s President Hakainde Hichilema who wants to reduce the country’s debt burden by increasing copper production to three million tonnes by 2032.
Unfortunately exploration takes time, especially when you are working with a very limited budget like TYM are and also in Zambia where there is (normally) a rainy season which stops activity for half the year. I think now is the year when things will start happening on multiple fronts, they are drill ready on most of the Zambian projects, with JV interest apart from KoBold at Konkola. The copper price will mean every mining company and their dog will be looking for potential deals… it’s now or never in my opinion!
With news likely in Late May or June (although this is Tertiary so it could be October) the Mkt Cap of a midge’s dick over two million is ridiculous.
I’ve been here six or seven years and in that time not a lot has happened apart from I’ve got older. The value here will be off the scale potentially and something that multi-bags ONE DAY will be the outcome.
I for one have been averaging down, I would suggest others do, to not one day be kicking themselves and saying “I picked the right share, I just got in and out at the wrong time”
This is from 16th Oct RNS:
“ All five projects are now at a stage where drilling priorities can be developed. One of these, Konkola West, is now subject to a term sheet for a joint venture and other projects have been subject to unsolicited joint venture interest from major companies.”
I’d be very surprised if there’s not an announcement of another JV or more before the drilling season starts. Mukai with FQM would be my guess, but Mushima North is also another possibility. That license is very close to one of the highest grade copper deposits ever found in Zambia, Kalengwa.
Bought time they did something to reassure someone of something, as nothing good has happened since i arrived a few years ago.
But fingers crossed 🤞 maybe something will happen this year
No you haven't missed anything, but the comment you're referring to was made to reassure investors that the company had no intention of spending further resources on the project until the outcome of the Inspectorate's reappraisal was known, which should be soon.
In the RNS's Tertiary said they have no plans to proceed with Storuman, have I missed somthong where they changed their minds????
If kobold are drilling at around 2,000 metres depth, it should roughly take around one month to hit that depth. So we’re likely to get initial results at some point in June?
In a relatively recent interview, I can't remember where exactly, possibly Proactive Investor, PC referred to an up to date approx. value of the Storuman Fluorspar being in excess of $1.2bln.
There's also quite a lot of info on the company web page:
https://www.tertiaryminerals.com/storuman-fluorspar-project-sweden
This is a news item from 2016, when the license was initially granted:
https://www.proactiveinvestors.co.uk/companies/news/122700/tertiary-shares-rocket-as-it-gets-storuman-mining-go-ahead-122700.html
If they get the go ahead again there should be a strong reaction in the SP.
Yea you’d like to think so. Someone did a breakdown of the valuation of storuman some years ago, cannot for the life of me remember who it was. Has anyone got that to hand by any chance? I can’t seem to find the figures in any RNS.
It's been 6 months now, so quite soon.
They'll be mindful that they need to keep the Swedish Government on side!
When do you think the re evaluation will be completed by? Got to be soon now surely 🙏🏼
I couldn't agree more. It seems pretty clear that the Governments annulment of the Inspectorate's earlier decision and referral back to them isn't intended to result in a second refusal of permission.
Is the only reason I've just reentered this share after 5yrs out. The Swedish Government decision in Sept 2023 to make the Mining Inspectorate reexamine its decision with clarifications is massive. They essentially told the Mining Inspectorate 'You got it wrong; you should've classified the location of operating facilities (e.g. sand and clearing magazines) as part of the mine, ergo it is also designated an area of National Interest Minerals'. The 2019 decision already accepted that "the area of the proposed mine workings could coexist with reindeer husbandry" i.e. giving the green light to pursue National Interest Minerals, BUT only for the designated deposit area. The planned adjacent operating facilities (critical for enabling the operation of the mine) were deemed separate and having no National Interest. Therefore, National Interest Reindeer Herding won out over this non-deposit, but essential area, scuppering the whole project. With this clarification, I cannot see any significant obstacle to a positive decision in favour of National Interest Minerals, after all they already said the mine could co-exist with reindeer husbandry with mitigations. Have a look at how much Storuman is worth, then check how much Fluorspar there is in EU and its status within the EU as a critical mineral, and the MoU made with Possehl (29 Nov 2017 07:00) and then take a look at the Market Cap. Buy and hold.
Https://www.linkedin.com/pulse/kobold-metals-mingomba-project-poised-become-jgbnf?utm_source=share&utm_medium=member_ios&utm_campaign=share_via
In a recent Financial Times article, KoBold Metals' ambitious Mingomba copper project has taken center stage, with the company now projecting it to emerge as one of the world's top three high-grade copper mines. The USD2 billion venture is slated to commence copper production by the early 2027 - 2030s, marking a significant stride in the global pursuit of energy transition metals.
The Mingomba project, situated approximately two kilometers northeast of TERTIARY MINERALS PLC's Konkola West project, has captured industry attention with its potential to redefine the copper mining landscape. KoBold Metals, known for its strategic focus on energy transition metals, has signed a definitive earn-in agreement with Tertiary for the Konkola West project, underscoring the interconnected nature of mineral exploration and development in the region.
The Financial Times article highlights KoBold's intention to drill test the projected down dip extensions to the copper ore-shale at Mingomba, the same geological formation present at the adjacent Konkola Copper Mine. KoBold's commitment to drilling at least two deep holes at Konkola West in the upcoming months signals a concerted effort to uncover the full potential of the region.
This development aligns with KoBold's broader mission to secure a prominent position in the global copper market, emphasizing the significance of the Mingomba project in achieving this goal. The proximity of Mingomba to Konkola West reinforces the mutually beneficial relationship between KoBold Metals and Tertiary Minerals PLC, offering both companies an opportunity to capitalize on the rich mineral resources in the region.
As KoBold progresses with its drilling plans and advancements at Mingomba, the implications for Tertiary Minerals PLC's Konkola West project become increasingly substantial. The evolving landscape underscores the dynamic nature of mineral exploration and the strategic collaborations shaping the future of the industry.
These guys have already selected the drill location and know what they’re doing from the mine next door.
‘Backed by Breakthrough Energy Ventures, a fund with contributions from investors such as Richard Branson and Ray Dalio, KoBold utilises artificial intelligence to locate key minerals such as copper, cobalt, nickel and lithium.’
Can’t believe we still have a £2m market cap… We’re drilling with Kobold who are investing $2 BILLION near by at the nearby Mingomba deposit . I’ll be throwing the kitchen sink at this one.
https://www.mining-technology.com/news/kobold-intends-to-expedite/
First quantum & Anglo are also interested tym licences.
Watch this space deal for jv is brewing.