Member Info for captainbob

Few attendees, 4 or 5 reassuring, hearing from Colin directly, added some context to the reasoning behind the 'sale' and what we have in Zambia.

Expecting a limited drilling campaign based on historical records, (target info mid April, ?) artisinal pits, once rainy season is done.

Plan will be to evidence resourse and sell on.

There seem 3 small mines that will come on line fairly quickly, not costly to set up.

I guess we will have RNS later to tell us the motion was carried.

Bush Ranger still very important asset, that it not forgotten, sort of thing majors want for inventory, regardless of wheter it will be developed or sit idle, seems there is an exit strategy from AA, that is not too expensive.

Surrounded by big players, but others not already with assets want in on the action.

Colin has ears of many, and team in place very competent.

Anyone else takeing the time to attend GM this morning?

I really want to hear more about the small scale prospects, to see how when these will create cash flow, and at what cost.

Jdau,

On HL website you can register to attend the meeting and or vote the shares that you hold. Log in to your account using HL website. ‘View shareholder meetings’, from there you can give instruction, I imagine other brokers offer similar facility.

You can vote on line too, certainly via HL, and would imagine other brokers allow the same.

We just have to hope he has all the answers at the GM

Anyone else planning a trip to the GM?

Pheonix starts with a P,.

From website, there was discussion at AGM even, pertaining to possibly of building a new plant in the open pit to make access to the underground portion easier. Over 1 million oz down there, it was to getvoff ground only the open pit initial atudy.

Manica Key Features

•1.262 moz SAMREC compliant Au Resources (782koz measured and indicated)

•Low cost, near-term ready-to-build production

•Metallurgical risk solved by fine grinding and pressure oxidation

•Additional nearby prospects for further exploration success, namely: Guy Fawkes, Boa Esperanza, Dot’s Luck, all have declared resources

•Publically released information outlines a mine plan based on Fair Bride only producing approx. 215Koz over 7 years

• Further optimisation is possible and ongoing

The shortage is very relevent, if demand can push price up to 10k, 12 k a ton, then the asset will be very good asset.

Not to mention other copper prospects in Zambia, given cash and higher copper price, even Eureka can be revisited....

Short term, barring being told how much cash is actually hitting our accounts, the most pressing news is the upgrade of plant at fairbride without any break in production, preferably a second plant that can run in parallel, ideally meaning this needs to be in place early 2025, so plans need to be announced and acted on early 2024, as was promised at the AGM. We also need to invest in this plant, to up the 23% we get at present, seem to think total, $10 million was mentioned.

This will also allow going underground, once the open pitting.

Price movement a tad harsh today....

To get that right with positive and stuck to time lines, would createca lot of positivity, or do I ask too much?

I personally want to see the income clarifieid and shouted from roof tops, followed with firm indication as to how much we will contribute to the plant upgrade, and what percentage we will then receive, with definite plan to go underground and reap what we can of the 1.2 million oz that are hiding there.

So H1 results, showed no income from Q2, when at AGM, total production @60+kg month, apr, may, june, july was mentioned, and it follows Q3, should also be pretty good, noting cost per oz for Q1, will have been high due to the rain mud etc., it could be a significant difference. Goodness I hope they can quick fire those two, with some other tit bits around and inbetween to restore some positivity here, basis ...

Not me, never been tall and slim. And cannot ever remember uttering words chartered accountant in my life, but yes realise yiu were on back row, left side as we sat, I was in middle.

Hey also need to find somewhere to put the plant

Hi Dani, not sure we ever spoke, I was one sat at front with odd socks, colin asked me to ask first question.

My take on BR was that the 2 MT is there, just needs more exploration, it will expand and expand as and when it is developed, but we won't be doing that, not the plan, (concentrate on maximising stability and income at Manica), high grade better not to sort, that will be profitable, sort capex and more for whole project, lower grade needs the sorting really, and they are looking into different sorting methods. Copper price is going to catch up, and sale will happen, but how long that piece of string is is anyones guess.

Timeline for the new model was now, mid sept, (but as copper not flying high, we might wait for that), meantime they look to progress projects in Zambia and seek others that can be progressed within bounds of Manica income, while price is good.

Colin wants to line ducks up news wise, with series of announcements, with aim to see a sustained rise and rerate.

Patience needed and watch this space was basic take from it.

Ords to that effect, strike while iron hot,

Https://twitter.com/ColinBirdMining/status/1700587185869619660?s=20

Ot restricted to selling the dore bars in Moz, can sell in Dubai etc