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Exactly and whilst we are getting very close indeed to transformational share price JV news with KoBold, it's worth noting that the Swedish Mining Inspectorate was instructed to re-examine its decision last year. This could also be very big news for TYM, as you quite rightly infer, in relation to our Storuman Fluorspar project:
* On 6th September 2023 TYM confirmed that the Mining Inspectorate’s 2019 decision not to grant the exploitation concession application had been annulled.
* Our Storuman Fluorspar project contains Mineral Resources of approx 27.7 million tonnes of Fluorspar.
* "The Storuman Project once underpinned a much higher market capitalisation for the Company and whilst there is no immediate intention to allocate significant resources from other projects, the re-emergence of the Storuman Project as a potential value catalyst is timely as fluorine, sourced from fluorspar, is a component in the most common electrolyte used in lithium-ion batteries today and the use of fluorine-ion batteries is under active development." - TYM RNS 6th and 7th September 2023.
Additional background:
https://www.tertiaryminerals.com/storuman-fluorspar-project-sweden
Good luck, Brighty
You don’t get many better opportunities than this, won’t even have to wait that long until results. Potentially life changing gains if this comes off, and it’s got a VERY good chance of coming off with Kobold taking the lead.
Appreciate the comments Seisnav. Interesting video too - surprised to see little old us getting a mention!
It says that some of their drill holes are as deep as 1800m to 2000m. The earn-in with Tertiary is for a minimum of 2000m over 2 holes so I would assume that if they hit copper at depth they will continue drilling until it runs out. That could be 2 very big holes. Imagine what that would do to the share price and m/cap.
In fact, a tick-up is imminent, if not overdue, to 0.085p/0.095p as both the bid and ask are higher than the current prices.
And a very good mention.
The share price is starting to move in the right direction. 0.09p paid and I am getting quoted 0.935p to buy for 1M and 0.945p for 5M.
Here's a video from KoBold if you haven't already seen it:
https://www.youtube.com/watch?v=jbpHkJhDxKI
The JV with TYM gets a mention.
From KoBold's own numbers, they started with one rig in Feb 2023 and by August they had expanded to 6 rigs. By December they had drilled a total of 33,600 m. You can do your own estimates but I think a month is probably optimistic.
Yes that’s around my thoughts too.
Joined the party. Exciting exploration play in that high-grade territory.
Any ideas on how long the drilling will take? Does 50m/day on diamond drilling so potentially a month per drill?
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