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Yes. Rns’s say deep that’s my understanding n basis for Kobold to say it’s a great prospect and exciting to drill.
It’s why I invested
Having copper deep as 1800m to 2000m is absolutely amazing. That's mean a long life mine
Personally I was under the impression that the copper that they are drilling for is at depth. From the earn-in agreement RNS dated 25th September 2023 it says:
Commenting today, Executive Chairman Patrick Cheetham said:
"I am delighted to announce the signing of this term sheet and a re-alignment of our existing agreement with Mwashia. The prize at Konkola West is the potential deep down-dip extension of one of the world's great copper deposits which is being mined on mining leases adjoining Konkola West at the Konkola and Lubambe copper mines. It is envisaged that the Stage 1 drill holes will extend beyond 1km depth. Tertiary will now seek to enter into a binding EIJV Agreement with the Third party and Mwashia as soon as possible."
One of the presentations I viewed recently stated that the high-grade copper was found at a depth of between 1800 and 2000 metres. Why they would even expect to find anything at a hundred metres or so is quite beyond me and nothing to do with this current drill. I think that the recent pictures of the first core extracted was purely to show that the drilling is under way and nothing more.
Torino,
Thank you so very much for kindly contacting Mr Patrick Cheetham re: the Kobold/TYM drill. I was going to tweet to TYM or email given Mr Cheetham is always very courteous and kind to respond. In relation to the Lower Roan formation, they have already reached this formation at KONKOLA WEST , Zambia. It is also an industry standard to take a standard type pic of the CORE, the main partners in front of ze cores and the background must be the DRILL rig. All standard. To top it all, Mr Cheetham stayed in lovely camp quarters instead of sleeping on a camp bed in a tent as did Minchin of Helium One. The burning question is what is in those cores given Murtila found copper at the Lower Roan at 133m. So, all this pics by Kobold and copyrighted to them was the reason why I wanted to email Mr Cheetham. But you saved me the trouble and I hope you dont mind if I give you attribution when I post it to the other forum folks. Thank you again. News, Mon, 29.4.24. Thanks to those who put a good word in for me. Recommend.
I'd hardly call it wishful thinking. There's plenty of nearby drilling and active mining to form a geological model / models of the area. They are drilling to test those models.
There's more than Konkola West in play here as well, I expect further drilling on at least one of their other licenses this season with the potential for further JV's still to come. Plus Storuman of course, a decision on that could come at any time.
You apparently are not a shareholder... your choice. I think there's enough in play here to be invested and I will continue to be so (and more than a few hundred quid too!).
ART, have been here in this dog 7 years, seen endless ramping over previous projects and this is no different, agree with everything you've posted today, would have said exactly the same thing, but couldn't be @rsed in all honesty. This copper play could well prove to be the one, if drilling proves successful and despite all the technology kobold possess, all the twitter ( or x, or whatever the hell it's now called ) posts and site pics mean nowt, until the results come through. Those photos could look pretty stupid if it proves to be a dud. Did cheetham go over there for a reason, ?? have they hit copper early in the drill, ?? exited they may be, but i want the RNS telling me first, before xyz on the share price. Hope it all comes good, but means jack until it does..
As I said in my post earlier Tertiary Minerals and Patrick Cheetham in particular are massive underperformers - hence the £2.5M m/cap - and it will be as much a surprise as anything else if this prospect comes good. But with no previous drilling of the TYM lease and, as far as I know, no seismic or geophysical surveying it is at the moment just wishful thinking.
Fortunately, it is wishful thinking on Kobold's part and they have the deep pockets to give this a good go but I still won't bother to get too excited unless or until they make a discovery.
It is one thing to be excited but another altogether to hit the high-grade copper.
Had an email from Patrick saying everyone at KoBold is excited regarding Konkola West. If they are excited about it, that will do for me, roll on the results and if they are good, it will life changing.