Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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How far down will they reach with drill by mid June.
If they were to continue at the same drilling rate and drilled until mid-June, they would be down to 1,700-1,800m. I guess they would want to drill past the ore shales to build up a better geological picture for their AI models.
The RNS actually states, that the 1,023 metre dept was RECENTLY reported by kobold, recently could be over a week ago, so could be deeper still now.
They will drill until deemed satisfied, but early signs seem positive. Hopefully they find the depth of mineralisation they are looking for and we get lift off from the resulting rns. Fingers well & truly crossed here..
Given this morning's news I've had a look around to try to find out how deep Kobold drilled in their nearby mingomba licence area to give some kind of comparison to the current drill, and have found an article that states that Kobold have gone from 'one drilling rig to six, usually drilling to 1,800 to 2,000 meters deep', and so it's encouraging that they've now elected to go to a similar depth here.
https://fortune.com/2024/02/05/bill-gates-jeff-bezos-jack-ma-breakthrough-energy-venture-kobold-metal-copper-deposit-discovery/?utm_campaign=trueanthem&utm_medium=social&utm_source=twitter
--------------------------KOBOLD MINGOMBA, Zambia, nr TYM Konkola West-------------
The Minggomba DRILLING DEPTH: "The O R E =BODY= is more than =1,200m below the surface...So, 1 hole -essentially 1 data point-takes 3 mths of hard work & in round no's , A MILLION DOLLARS." Link: https://www.miningforzambia.com/on-the-ground-at-mingomba/ 22.3.24 "On the ground at Mingomba.
MINGOMBA : 1800-2000M.
Ref 2: " Para 2: "Drilling 4 Deep =======S T E P O U T ===holes....these holes returned the 4 bulked intersections from DEPTHS of 1800-2000m below surface." [Source: PorterGeo Database. https://portergeo.com.au/database/mineinfo.asp?mineid=mn012
Comment: So, 2 DISTINCTIONS as above [1] and [2] wherein, Mingomba 4 STEP-OUTS tested 1,800-2000m depth ONLY.
Dyor. NIA. Tues, 21.5.24.
For anyone interested, here's an overlay map I did for Konkola West in Google Earth. The central small map shows contours which represent the height above sea level of the ore shale. There are 6 black dots which mark the positions of boreholes which were presumably used in the creation of the contours. Bear in mind that because the contours are relative to sea level you need to subtract that number from surface height above sea level (approximately 1250m) to get a depth.
https://x.com/NavSeis/status/1792983176173826542
"For anyone interested, here's an overlay map I did for Konkola West in Google Earth. The central small map shows contours which represent the height above sea level of the ore shale. There are 6 black dots which mark the positions of boreholes which were presumably used in the creation of the contours. Bear in mind that because the contours are relative to sea level you need to subtract that number from surface height above sea level (approximately 1250m) to get a depth.
https://x.com/NavSeis/status/1792983176173826542 "
Edit: I just checked a topographic map and the average height above sea level for that area is closer to 1300m
SeisNav
It would have been EASIER if you took the STRATIGRAPHY DRILL that was actually drilled at Konkola West and it shows it hit 1,300m. Lovejoy, so what does Lekka want to know. Better wait for SeisNav to tell us. The convo on this forum was so...that TYM was asked on Twitter and they answered. Want to know how many shares I have? LoL.
Youre not as good as you think you are.
Why not answer lekka questions without being smug. He is being honest.
You fail to answer how many shares you hold and you bought in. You hold zero shares here.
Tell me and all about the reindeer. The pluses and minuses. Oops no capitals.
Lovejoy23
Lekka never asked me how many shares I have in TYM. You want to know. I have spoken to London South East Admin before and they said that one does NOT have to disclose how many shares one has. So, what you want to know is personal. I will quote from my stockbroking account what the share price states: TYM 0.12 & 0.13p +4.17%. You check your stockbroking a/c as I have just opened it to quote to you.
Ah so, I will quote your post to me: "You are not as good as you think you are." @21:23, Tues, 21.5.24 [TYM]
Also, "Tell me and all about the reindeer. The pluses and minuses." @ 21:25pm, Tues, 21.5.24 {TYM].
My comment: I have never thought I was that good. Why? I would be joining the ranks of Eric Sprott if I was that good , isnt it? Eric spends all his days sitting on a rocking chair reading RNS per his podcast. So, you dont want data but you want pluses and minuses [plural]. In short, you want to be spoon fed. I am rolling with laughter as what you said is most amusing. Maybe, that is your view of me LoL ie that good. Suffice to say, better to ask Seis Nav as he is a GeoPhysics grad and he will have done reams of academic reading. Many reports are 600 pages and Competent Persons Report are just as long. Lets the discussion open up to all.
News a wee coffee break before you hit 22330 posts. Sonebody is paying you. Pathetic.
I have been years on this site and on a few forums. No one is paid to post and that is also fact. Ya know , co's use Crux Investors, Proactive , Share Talk etc to communicate to shareholders. So, what posters post is not from the CEO and therefore views. Many people look at posting history to see if they are new handles. When I see others posting, I look at their history count of posts and I recognise many who have the same count as me or even more. And they recognise me.
I cant be a BOT either. Why? From the fierce debate here on the stratigraphy, it was asked of TYM on Twitter. TYM replied specifically so cant be a bot , can it?
In the days to come, lots to discuss and let's see how the share price will move forward after the RNS of today. Good night. Its been fun conversing with you because it is amusing that you want to know so much about the pluses and minuses of the RNS. It is in English by the way and quite simple to understand if one picks up the key words.
Ta Ta. News, 21.5.24.