RE: Kalengwa13 Apr 2021 10:30
Bang on Jezzoo.
CB stated clearly our rights to the licence in the last RNS on Kalengwa:
Colin Bird, Executive Chairman said: "Our JV agreement for the Kalengwa pit area allows us to mine and process material 500m either side of the old open pit. The results from the hole completed and analysed are very encouraging - the material encountered may be free-digging, without the need to blast, thereby reducing extraction costs. Once fully processed, the results will be assessed with a view to establishing the extent of the mineralised zone and follow-up required to more fully delineate it."
We have 500m around the old pit. Bezant have 30% of the remaining 973 square kilometres around it. Actually quite a clever more by CB. If he trusts the people and likes the geology, he doesn't have to do double the research for his 2 companies. It's not like he's got loads of times on his hands with his 3-4 companies. When travel is permitted, he can catch 2 birds in one stone with a trip to Zambia.