Member Info for Coyote2020

50m @ 1.5% Cu from 22m at the first attempt with very little historical drilling as a guide + Gold assays to follow.
Could be the new Kiwara!

Cleantech LITHIUM sp has almost doubled in the space of one month.

Five active, diversified (Copper, Gold, Lithium, Tin?) projects, all with large scale potential, all with approaching newsflow.
'As good as it gets' to coin a phrase.

SQM, one of the top Lithium miners, yesterday reported an almost 10-fold jump in Q2 net profit as demand for the metal used in EV batteries skyrocketed.
The Miner raked in $1.85B in Lithium sales for Q2 versus $163M last year. They recon Lithium demand will grow atleast 35% this year.
SQM shares have more than doubled over the past year.
The Chinese made a move on Lithium in Zimbabwe only last November and have already spent or are spending over $1B on the metal.
Kamativi progress report due shortly.

5 reasons to like Bulawayo Gold.
1/ Zimbabwe is experiencing unprecedented growth (see previous post) in the mining sector accounting for 60% of foreign currency receipts and 13% GDP.
2/ 4000+ recorded gold deposits in-country, out ranking the US, China, Australia, Canada and Brazil for number of deposits per sq km.
3/ Under explored. Last major Gold discovery was the Freda Rebecca in 1984. Very little exploration since.
4/ Caledonia recently acquired Bilboes Gold for $53.3m potentially more than doubling output to 200-250k ozs/yr.
5/ 1108 sq km (2 licences) of Greenstone belt quartz reef type deposits with numerous targets generated from recent airborne survey.

The mining industry in Zimbabwe was valued at $2.9B/2017, $3.2B/2018, $5.2B/2021, forecast $8B/2022, target $12B/end of 2023.
The $12B is made up of;
Gold - $4B
Platinum - $3B
Diamonds - $1B
Chrome, nickel and steel - $1B
Coal - $1B
Lithium - $0.5B
Other - $1.5B
The long term target is $18B/2030.
Times are a changing?

Mufulira has been in operation since the 1930's, that's 90 years.

Mufulira has produced 9mt Cu so far and is good for another 1.5mt it seems, Luansobe is along strike and only a short distance away. Edge of the seat?

A definite saving on the Capex and earlier revenues. As for the larger underground resource, "If a major wants to come in and sink a shaft" might be worth remembering.

ZCCM engaged SRK Consulting to produce a CPR and Resource update for the Mopani operations.
The updated Resource for Mufulira (M,I&I) is;
70.88mt @ 2.17% Cu including 18.25mt (12.07mt u/g + 6.18mt surface) oxide ore implying, the plant still has the operational capability to process oxide material.
Also, the Mopani restructuring, optionality and financing under review at Rothschild Investment Bank is set to conclude by the end of October'22.

Wise men bearing Gold, Copper, Lithium and maybe even Tin.
Great interview.

IamGold's interests in Oriole is the Senala Licence.
The company has been under a major review for the last 6 months with their flagship asset Cote Gold, under construction and 57% complete, the budgeting has come up $1.2 - 1.3B short. The company is cashed-up with well over $500M in cash and credit, but given the strategic importance of Cote Gold, they have initiated a review of the development and exploration assets in W. Africa for various alternatives to increase liquidity and deliver Cote. These assets are Bambouk District (Boto, Kariba, Diakha-Siribaya) and Senala.
With numerous possibilities, JV's etc, one option could be to sell the whole lot.
Taking the scenario's from both end's of the spectrum, build Boto and retain Senala or sell, works well for Oriole in both cases imo.
Building Boto, Senala becomes a series of satellite deposits. With the mine already budgeted for, each additional ounce is worth circa US$96/oz (M,I &I) to IamGold (see previous post).
Selling Senala, IamGold could ramp-up exploration, maximize the resource and therefore gain the best price, possibly to B2Gold as satellite feed to Fekola, again at the premium circa US$96/oz (M,I&I) price.
There is a third scenario where Fare reaches stand alone status, but that's another story.

Glencore posted record first half profits on Thursday, more than double for the same period last year. Profits came from coal and the disruption in the energy markets.
The Indonesian Government have said they had increased exports in coal for the same reason.
Bodes well for DOID and Asiamet.

Dyor.

I don't believe a take-over would be in anyone's best interests except perhaps, those desperate for an exit at any opportunity, at this time. There have been too many influencing (downward) factors impacting the junior explorers of late. Even the Gold Price has retreated whereas, inflationary times are generally viewed as good for Gold. Market cap's offer no guidance to the real value of the assets and realisation of a credible sum would be remote.
The CLP offers massive potential.
No exploration, great geology, pioneering and the rest. The BoD were initially focused on Gold and now the narrative has moved towards other metals as well. Who knows what they might find and how much.
I agree, there is something going-on in the background and has been for 6 months or so. Once the current malaise has re-shaped itself to the more recognised recession/inflationary cycle, valuations should re-rate accordingly imo. Sit tight.

Earlier this year, B2Gold bought ASX listed explorer Oklo Resources for US$64m.
Oklo held 5 greenfield licences for 614 sq km, it's flagship prospect Dandoko, MRE 11.3mt @ 1.83 g/t Au for 668.5k ozs (M,I&I) and a 20% stake in 791 sq km of greenfield licences in South Mali.
Dandoko is 30km due east of B2Gold's Fekola (7.1m ozs) on the Senegal/Mali border and Fekola is 15 km due north of Boto.
An ounce based valuation equates to US$96/oz.
Any news on Elephant Oil?
RRR are hoping for a float sometime this month or early September. Oriole held shares here, 0.68% from memory.

Further addition - protaganists interests.

Further to the post earlier with this thread, I should add;
'Drilling under Galileo's direct control.'
Not intending to exclude the Sandfire protaganists.

Phase 2 drilling at Bushranger is now complete.
At Galileo, drilling has commenced at Shinganda and is barely weeks old, Luansobe drilling starts now.

Confirmation (Press) over the weekend the Zambian Government/ZCCM are intent on increasing Mopani production rates from today's 80kt to 250kt/yr. No details as yet on how they intend to achieve this, still bodes well for Mufulira/Luansobe.

200-400kt for US$10m.
400-600kt for US$20m.
600-750kt for US$40m.
>750kt for US$ 80m.
These are RESERVES not Indicated, Measured or Inferred for a one-off payment covering all licences. Take a lot longer than Christmas would be my guess.