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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.
Talking of 'clogging up the board' when I click on 'news's' user name it says that he (assumed) has posted a grand total of 479 times on the RRR - Red Rock Resources - board over the last 30 days (and only 17 times on the TYM board). Considering how long and detailed some of his posts can be that sounds like serious overkill. And it is not as if RRR is even the least bit exciting (neither now or at any time over the last god knows how many years - well at least 10) or that there is anything of great importance going on with the share at the moment (unlike here).
We appear to be lucky here so far to have had only the 17 posts (though some of those were quite long enough to be worth about 10 of anyone else's posts) and on reflection (and not knowing in advance about his 'out of control posting addiction') I think that my brief well-mannered request for him not to 'clog' up this board, especially during such a sensitive period, is not only far from being out of order but very sensible and well-timed. Let's hope it works!!!
Once the drill has reached TD, or at any time that Kobold and TYM may announce a discovery, then that will be the time to post as much as he wants but right now with the drill already underway this is not the time to start 'spamming' this board with lengthy posts and detailed technical info.
And incidentally, for Torino's information, I have only posted 44 times on the CRCL board over the past 30 days - so 64 times in one day was obviously a gross and unnecessary exaggeration.
ATB
ART recently posted on CRCL 64 times on a single day…And now he’s telling ‘news’ not to clog up this board. Tbh I don’t give a damn what he thinks, would much rather be on the same side as KoBold.
Having looked back at ART's posts I see he is just the typical trader, he was ramping TYM not too long ago when it was rising, now he's doing the opposite as it dips. Probably thinks he has the power to influence the share price all by himself!
Art123
Since you addressed your post to me, I will reply since there is a lot of missed info. [1] Pitfield, NO, I did NOT invest at the time of the copper period but upon 1st results of titanium which others were disappointed at. I understood the results. So, it was MULTIPLES as facts go for all invested. [2] POW: NO, I also recognised that the hope for theory, that the nickel formation to be found at the deeper parts of the formation were NOT Tier 1 hits and I exited upon much earlier long ago results. Again, I understand results. [3] Cascabel, NO, I invested upon and BEFORE drilling started based on Dr Rohlach's modelling and his tonnage came in but the grades vary in the high grade zone and the shell but all in, all good as norm. Again, when to multiples. [4] You didnt mention GGP as I was in, so LoL, you didnt follow me to look, again on 1st drill results. [5] TYM, in specific NO DRILLING DONE AT KONKOLA WEST? I gave a link to Research Gate wherein a STRATIGRAPHY drill was done and it was named as well with sample and it hit bornite, chalco & moly at the HIGHER Roan formation at around 750m. Now, TYM per their website stated they are going for LOWER ROAN which is shallower, hence why MULFULIRA , the Roan ref by Research Gate shows they hit copper at 133m, hence why both me and Torino want to know what they hit if any at the Lower Roan. Any co can hit the right project and if mineralisation extends to TYM licence is NOT understood at TYM Mukai from First Quantum/AFP and better, then we are on different song sheets ie geo data is part of the process. So, with that, I take my leave from replying further but best I replied. News, 29.4.24. Dont concentrate on me because it wont help the investment.
Why are you so concerned in who posts what when you are not even invested here?
News - I have read many of your posts over the years, going as far back as SOLG (at least 10 years ago). Back then you posted the same very long but very well-researched posts. That prospect was a success, though they did have prior drill results which indicated that there was more than a fair chance of the drill hitting the copper/gold target.
More recently you posted the same long and well-researched posts on the Power Metal (POW) board when they drilled the nickel prospect at Molopo Farms in Botswana. That unfortunately has not proved to be a success.
Even more recently you posted a lot of similarly long and well-researched posts on the Empire Metals (EEE) board before their drill at Pitfeild where there was a strong copper prospect. They didn't find any copper but came up with a huge titanium deposit, though that didn't appear to have any interest to you.
As far as I know, Tertiary's acreage hasn't been previously drilled so there are no drill intercepts to show that the high-grade copper deposit will continue into their acreage nor has there been any seismic or similar to indicate a continuation of the prospect. That means that this remains a purely speculative drill.
The good news is that TYM have a very efficient and well-financed partner, who is likely to get this drilled quickly so there will not be too long to wait around to see if this is going to be transformational for Tertiary but in the meantime there is certainly no guarantee of success so the less rampy posts the better please.
ATB
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.
The trades going through @ .91 are buys, just to clear up the confusion if anyone's thinking of buying. The 1M trade @ 15.41.05 this afternoon is mine and it's a buy.
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.
It was the Swedish government that ordered the Mining Inspectorate to review their decision, "in the national interest".
To be honest any one of the projects coming good should put a rocket up the share price. As part of the JV with KoBold, they are potentially looking to spend US$6m on drilling... that's 3 times the current market cap!
The share price was considerably higher before the Storuman license was cancelled but to balance that the number of shares in issue has massively increased (something like 8x I believe).
Isnt the Swedish flourspar the "holy grail" here? Massive deposit of high demand material but the Swedish government care an awful lot about the reindeer on top
But either way the lack of movement on the share price if it was a sale indicates MM’s are happy to take shares, always a good sign.
Not looking at the time of sale and share price at the time. Was a buy.
That was a sell I believe. Probably more placing shares being sold off. The placing was done at 0.08p so they aren’t making a whole lot at the moment.
Surprised we didn’t hear anything else from PC out in Zambia. Has he headed back to the UK already? Staying in Zambia for meetings? Maybe we’ll get an update today.
Expect some big buyers coming in this week
Someone loading up?
All I know is that when we get some positive results this will be the same as a carton of Pringles…..’once it pops it just won’t stop!’
News soon hopefully :)
I think it's worth reposting this summary for any new or potential investors, for a company with such a tiny market cap they have a number of projects, any one of which could be a catalyst for rapid growth:
"Obviously focus is currently on the active drilling at the Konkola West license by KoBold Metals. This will test for a deep extension to the ore shale which hosts the recently discovered Mingomba high grade deposit and several operating mines. That's not the only string to the companies bow though. Here's a quick guide to the other Zambian licenses, rather than me typing it, here are some video presentations the company did:
Jacks project: https://x.com/Tertiaryplc/status/1726875006255194188
Mushima North: https://x.com/Tertiaryplc/status/1714543279717363797
Mukai: https://x.com/Tertiaryplc/status/1701903712094929119
These are the licenses that were recently re-negotiated with the local partner to bring them all under the ownership of TYM and make it easier for any potential JV's. All of these licenses are drill ready. The company has previously mentioned that there has been unsolicited JV interest in the licenses from “major mining companies”.
The company also has 100% ownership of the Mupala license which is directly adjacent to the Anglo American / Arc Minerals JV and very close to where Anglo have been drilling.
In addition to the Zambian licenses there is the Storuman fluorspar project in Sweden. The license for this project was cancelled several years ago by the Swedish Mining Inspectorate but last year the Government cancelled the annulment and asked the Inspectorate to reconsider the application. Should this be approved it will certainly have a positive effect on the SP. It's now more than 6 months since this was announced so we could hear something relatively soon.
There are other licenses in USA but they seem to be on the back burner at the moment."
As for tym, they were unfortunate with regard to Storuman as they took it to a scoping study, however the award to Rockhopper in regard to their Italian assets sets the precedent that ought to mean that companies that lose their licence after paying development costs can claim for the full amount of a licence. However the issue has been referred backwards, but there needs to be a transparent timeline for the situation and pc ought to insist on a timeline.