Member Info for AfricanMiner

Looks like someone missed something.

https://www.aquis.eu/aquis-stock-exchange/for-investors/announcements?view_news_id=3724862

‘Preliminary assay results demonstrate high-grade lithium contained in the lithium bearing spodumene mineralisation with results including 6.19% Li2O, 5.60% Li2O and 6.19% Li2O
Average grade of 6.10% Li2O reported from the initial test work completed on the initial one tonne of material assayed by the Company’s South African based mineral processing and mining consultants Southern Metal Processing Pty Limited (“SMP”)
Lithium grades of 6.25% Li2O reported in the first 520 kilogramme (“kg”) bulk sample and grades of between 1.5% Li2O and 5.8% Li2O reported in additional 486kg sample taken and initially sampled
Lithium grades of the samples assayed demonstrate a high grade and high value lithium product that can be potentially recovered from the existing stockpiles without incurring high up-front capital costs and high mining and processing costs
Tantalum mineralisation also identified in the stockpiles from initial test work
Initial estimates of the stockpiles of between 280,000 tonnes to 400,000 tonnes of material with new survey work to now be undertaken to complete updated detailed estimates
The stockpiles have been established from almost 80 years of intermittent mining operations at Blesberg and when the mining and recovery of lithium from the spodumene mineralisation was not the principal target‘

From my enquires with the company based on similar comments on Telegram group.

“To answer this in more detail, all I’ve heard is that AVL were not very experienced in pegmatites, or that they had knowledge / advice about Western Australian occurrences – almost totally different to the smaller, highly zoned, lithium bodies in the Orange River Belt, such as Blesberg.
 
This was made more difficult as the initial drilling contractor was not up to scratch and was replaced very soon after their exploration activities commenced. Unfortunately this resulted in a large portion of the upper section of Blesberg not being revisited and it remained undrilled.
 
Probably the greatest loss of information / disappointment about the work that they undertook came from the use of reverse circulation (RC) drilling and not diamond / core drilling. The small nature of the RC chips made zonal identification almost impossible with the attendant loss of virtually all textural and mineral inter-relationship data. As mentioned above and in presentations released, Blesberg is a highly zoned lithium orebody - 5 zones with the main lithium bearing zone being the intermediate zone - and with this ‘missed’ it clearly impacted on their previous assessment.
 
I understand that there was relatively little attention also given to the tailings and stockpiles and that bulk sampling was restricted and was actually only done on quite small volumes. So difficult to be truly representative.
 
These appear to have been the main factors.

Clearly we are an ‘African’ company so are using a team that is well versed in pegmatites in the Northern Cape / Orange River Belt and will be doing diamond core drilling and broader bulk sampling of the Noumas I and Noumas II pegmatites as well as the others that are contained in the Blesberg license area.

Trust that this clarifies some of the points you and other shareholders have raised.”

Take it how you will.

Keen to join.

where's that trade - didn't see that on there

Has been a good start for sure since the announcement of these new directors coming on.

Enjoying the discussions a lot on here and also on the Telegram Group too - no pumping just good discussions.

Hopefully the positivity will continue as these new directors start to make their position and strategy well know.

Nice start so ar

Following the twitter with a lot of interest.

Plenty of activity of that twitter feed and far more than has been happening in ASMO for ages.

Not often you see a company like this appoint these experienced directors, so seems like plenty is a foot!

what the presto??? you been drinking at some secret pub open in London?

or is that secret code for yes yes yes buy buy buy

new asset and hopefully new management too on the back of this - at least there is something happening

Ok - so dust has settled and we have big hitters at the helm now with Ian Harebottle and Richard Lloyd - yes the one from new trading platform Minexia.

Guess we will find out whats coming up next in the next few days or weeks.

Would be good to know when the 2nd part of that financing is completed as I am sure that is when the real news can start to flow.

Oh to be a fly on the wall in the offices now

Same - AfricanMiner

Good to see the interest in this one rising. It's still early days but thankfully something is starting to awaken here.

Volumes over past 3 days are as much as have gone through in the rest of this year and more than what went through in the last 6-months of 2019.

Not surprising given we now have a new director that has done it all before with Gemfields and Tanzanite One.

Annual accounts due out soon, although I am not expecting much there and a circular for the shareholders meeting to approve the second part of the funding.

Good times ahead I think

Hey Presto - thats got a familiar ring!

Yes please add me to the group

Seems like interest is rising on this old one

Yep think it will be one to watch very closely over the coming weeks and months.

Certainly having Ian on board is a game changer and for him to put his name to this so early on says a lot

I see former CEO, Ian Harebottle has just joined NEX shell, All Star Minerals ASMO - another gemstone company in London now.

A massive appointment for All Star Minerals - with former Gemfields and Tanzanite One CEO appointed to the Board.

"The Company intends to appoint Ian Harebottle and Richard Lloyd as directors subject to the completion of normal regulatory due diligence.

Mr Ian Harebottle has a proven track record of success in the mining industry and gemstone sector in particular. Ian is the former CEO of AIM-listed Gemfields PLC, the world’s largest coloured gemstone mining and marketing company, and former COO and CEO of JSE and AIM listed TanzaniteOne.

During his combined 15 years managing the underlying activities of these companies, TanzaniteOne’s share price increase from 40 pence/share to more than 200 pence /share and was recognised as the largest dividend payer on AIM at the time. At Gemfields PLC, upon his appointment in February 2009, he immediately implemented an aggressive turnaround strategy which saw Gemfields share price increase more than twenty-fold and its market capitalisation grow from approx. US$ 9 million to in excess of US$ 400 million. Ian was instrumental in developing and driving the corporate strategy, as well as the identification and acquisition of a number of key assets, including the now famous Montepuez Ruby Mine, the single largest ruby producing mine in the world.

Mr Richard Lloyd is a fellow of the Institute of Materials, Minerals and Mining (“FIMMM”) and the Geological Society (“FGS”). Richard has over 25 years’ natural resources investment banking and mining geology experience. His geological experience has included diamond exploration as a field geologist and research studies into Kimberlites. Richard was previously a Director in the Resources, Energy Infrastructure team at ANZ Bank London, having joined from Commerzbank AG. He has also held positions at Standard Bank London & Dresdner Kleinwort."