RE: Call29 Jul 2020 14:26
CONF CALL SUMMARY:
not here to make the majors wealthy
other majors than AA looking at ARC and creates competitive tension
On slip way to something very very big. Don't have personnel or capital to take it into production, although not ruling it out if that's the better options for shareholder return. NvS has seen it done before in Indonesia. Current strategy is to drive shareholder value and quickest option is a sale as opposed to years of path to development.
have had subsequent approaches since. there will be more competition as and when things open up. not putting up the white flag and saying highest bidder takes it now.
drilled 3 holes on fwiji and have early indications of copper mineralsation - everything weve drilled weve hit mineralisation. if results match previous campaigns that will be another big tick in the box. Vassilli is very excited and still need more holes for a better picture and aiming for another significant discovery. Results released over the next few weeks but depends on SGS hold up from COVID-19. Zambia not hid badly but some recent breakouts in Lusaka.
each prospect on its own could be a company maker. extremely confident that sitting on multiple tier 1 targets. NvS is more confident than he has ever been. A different ball game now. Unheard of to have this number of targets in such a small area. Have too many and don't have resources to attack them all and drill deep
approached by medium-large London institutions
CE follow up work = met test work (not typical mineralisation) to feed into existing grade model to reveal how much copper is in situ, which will in turn feed into a scoping study
May deploy further rigs at CE and Muswema
1 week to 10 days for an update on geological model on Muswema. Significant sulphides in hole 5 and some copper mineralisation at the end of the hole. but suggesting that they need to look again but to the south west
wide range of take out expectations - trying to find multiple deposits. A lot of upside if we do things correctly OVER THE NEXT FEW MONTHS - listen to Indaba Battlefield presentation by Remy for a better flavour :-)
Casa sales with deferred payments - potential options remain as we have security over the underlying shares. Discussions with a third party which may open a much improved and revised transaction in our favour - early days but higher gold prices has eeked out more interest and in discussions with them but cant say anything at the moment, and looking for more upfront cash resources ($45m royalty is back ended so looking for more cash upfront). Want to be a pure play copper company but every extra $ helps.
Expect next payment on Sturec in August and they're already drilling there.
West Lunga - 2 holes drilled but didn't intersect the signature expected so requires more work.
AA will do more airborne at their expense? AA expertise on site cannot be elaborated on, but within their team we know of the experience specific to Zambi
Sign In
Follow the stocks
