Member Info for AG1989

Brilliant presentation

They may target different kind of processing at Simba, maybe a larger heap leach.

Who knows. Probably going to be too costly for it to justify its own plant but I could be wrong. It’s shallow so extraction wouldn’t be through the roof costly, and possibly trucked 25km to Nyakafuru. But could Nyakafuru accommodate another 700,000-800,000 oz over a 10 year period? It’ll have over 1moz+, probably 1.5-2Moz of its own material to process through too.

Options!!!!

Yeah I think this will just be to analyse the material on its way to be stockpiled and used in the CIL. Important for the company to keep on top (just an educated guess)

I think they’ll have hit it in December but maybe not October and November. So they may want some consistency under their belt of consecutive 1,000 oz months

Jason’s said in the stockbox interview that the update will gives shareholders confident in seeing the management delivering on goals. I’d be surprised if no months hit 1,000 oz

But not deflated. Steady increase in throughout. Guidance to show the increase will continue and increased oz’s (using high grade ore, bring the heap leach online), and also reduced $ per oz. (grid power, less equipment upgrades, future open pit operations)

Re-commission the processing plant using tailings – complete
? Optimisation, refurbishment and upgrades to mill to achieve +350tpd - complete
? Design and cost review of new primary crushing and gravity circuits and 2nd ball mill – in process
? Refurbishment of underground mine and pre-development of mining blocks – ongoing
———————————————————————
? Plant throughput increase to a rate of +700tpd (already regularly achieving up to 1000tpd) and target production of 1,000oz gold – in process
? Connection to mains power to plant – complete
? Commencement of open-pit operations on Kilimapesa Hill – in process
———————————————————————————
? Feasibility study, design and construction of processing plant to increase production to 25,000zs p.a. – in process
? Exploration drilling programme to increase resource base to +2Mozs - in process

——————————————————

It looks like this is part of the 3 phase plan with Jason stating last week the company are charging towards phase 3 already.

Plant throughput increase to a rate of +700tpd (already regularly achieving up to 1000tpd) and target production of 1,000oz gold – in process

Open pit mining has commenced on kili hill too

YES!!

1000tpd

Great spot. Rsx just posted it on our Twitter group. Brilliant

Just shot up to $1838 from $1810 at the start of the day

Cash those bars in GCAT

https://www.mining-technology.com/projects/golplat-kilimapesa/

An interesting article from 2009 about the JV between Goldplat and International Gold Exploration at Kilimapesa

"The mine has milled around 400t of development ore with thickener grades between 3 and 5 g/t gold with the concentrate value up to 1,000 g/t Au and carbon loading between 2,000 and 5,000 g/t Au."

Production figures will be key to look out for

https://caracalgold.com/wp-content/uploads/2021/04/Caracal-Gold-April-2021.pdf

Interesting reading this back from April 2021

"Re-commence gold production from processing of tailings targeting 400ozs/month"

Even with the upgrade in throughput, once they begin to target the high grade material, this will benefit the company massively when output is concerned

"In 2017-2019, average underground ore grade was 4.1 g/t" - that is very, very good

----------------------------------------------------------------------------------------------------
Exploration Upside
"Second target is Teng Teng where underground
development and drilling returned average
grades of 15g/t and RC drilling intercepts include 2m @ 28.11 g/t and 1m @ 57.41 g/t"

Combined with recent trench sampling results from the Southern mineralised zone of

Peak trench sample result of 40m at 4.85g/t gold including 7m at 7.6g/t from trench CART 0003

§ Individual samples of 1m at 15.08g/t; 1m at 14.09g/t and 1m at 12.89g/t in trench CART 0003

§ Individual samples of 1m at 5.1g/t gold and 1m at 7.93g/t gold in trench CART 0001

§ Individual sample of 1m at 8.24g/t gold in trench CART 0002

-------------------------------------------------------------------------------------------------

"and build JORC compliant
resource base to +2Moz within 12-18 months from current and new operations"

If Nyakafuru Reefs is accepted, the 2Moz mark would have been hit within months

Plenty of upside coming to GCAT

Just taken another £1800, no brainer really for me with the research done on this to date. It all adds up

Agreed, Greg

I think revenue alone isn't enough to convince me this should be at a set price, but with continued throughput and a lower overall total cost per oz, Combined with the growth of the company, shareholders will be rewarded long term. Important to DYOR but tempted for one last top up

Nice that the POG has held steady since our last production report from Q3 which means more profit. The good thing about gold, even if it performs poorly this year, at $1600-$1700 per oz, it can still be very rewarding

https://caracalgold.com/wp-content/uploads/2021/12/Caracal-Gold-November-2021-Tanzanian-Acquisitions-December-2021.pdf

An enormous factor to why I’m here. The majority on this board actually own shares in the company.

Il enjoy every second of growth.
Each set of assays released.
Each trip to Tanzania.
Each updated development study.

Every big or small factor that breeds life and comes together to taking Nyakafuru to production. I couldn’t care less what kind of short term price movement happens on the operational update. Read the figures, read the facts, compare them to
July august September and watch how far this company has grown within 4 months.

Next step, phase 3 and 25,000 oz through underground mining, open pit and heap leach. A beast in the making. Always DYOR and ask when not sure. Let the Gold do the talking.

"and we'll be operating in other jurisdictions soon too"

The new project teams will have a busy schedule, can't wait

There were some £20k BUYS at 1.36p not long ago, there'll be plenty of buying at this level. Looking good

Got to say Rp, that is some shocking timing, Re Kazakhstan

Also like doddy has said, between Kenya and particularly Tanzania, there are plenty of majors and multi million oz mines in the area, assay returns I can’t imagine being an issue but it will be interesting to see where they get sent

Robbie did a webinar a while ago. About an hour long; he may have mentioned in that.

RP - they actually have assay analysis on site I think I remember but obviously the official report will be independently lead

End of Q1. Anything else is a bonus and Jason touched upon the fact they may be back earlier but they don’t just want to release hole by hole. They’ll want to analyse the data and release them in batches which will be more effective (imo) and make it easier for the market to digest.

Holding well around 1.26p. Good to see others topping up and making the most of the opportunity :)