Member Info for Coyote2020

For 'Success Payment' see RNS dated 26th Jan'21. Summary details;
>750kt for US$80m.

Predictive text. Newsflow not newsflash.

So 5 active projects all with approaching newsflash for copper, gold, silver (KCB), lithium and tin (maybe), cash in the bank, more cash to follow ( Glenover sale, royalties, dividends) and a couple of reserves on the bench (Kash itu and Ferber).

Drilling at Shinganda is ongoing. Gold assays to come for completed holes plus more copper/gold assays for new holes.
Report from GeoQuest on initial reconnaissance mapping, sampling at Kamativi for Lithium and possibly Tin.
Airborne geophysics survey report at Bulawayo (Gold).
Host of possibilities at Luansobe including future drilling, resource definition etc, etc.
News not necessarily in the above order, but at anytime.

If the two other mining junior's referred to are PREM and KOD, they are primarily Lithium plays. The Lithium price has held up well during this latest malaise whereas, base metals have lost ground. Copper made $7000/t recently and is now $3.54/lb ($7929/t) so it's on the way back.

Dyor.

How about this for an idea?
Split the Shinganda licence north-south down the middle. Retain the eastern half, relinquish the western half. Another company from the CB stable takes-up the western half as it has now become available and in return, Galileo picks-up the Chumbwe licence 27769-hq-lel, Zambezi Mobile Belt Project ( formerly at AFP) which is looking for a home.
Results from the old Chumbwe Mine (off-property) are 2m @ 53.82 g/t Au + 7m @ 5.20 g/t Au. The copper open pit some 400m northeast of the mine possibly on-property, GeoQuest sampling of 6.02% Cu + 1.44 g/t Au and is thought to be an IOCG deposit, maybe.

Dyor.

Cobre up 150% on these results.

Interesting point. The original focus was a 10 km (atleast) trend to include the Western Sun, Moxico pits (both off-property) and Shinganda pit in the eastern part of the licence. At the western end, historic Vale results (also off-property) of 2m @ 3.93% Cu, a second target. Unless the licence can be split into three, east, west and the 50% relinquished, could be a bit awkward.

Licence is up for renewal on the 22nd August 2022.

I hope.

A few statistics to support the demographics.
A new mine has recently been commissioned in Zambia producing 28kt of base metal per year. This will provide an estimated 700 permanent (direct) jobs at the mine and somewhere in the region of 18,000 indirect jobs. In Zambia, it is thought one income supports 10 (family/other) members and therefore 180,000 people stand to benefit from this single operation alone.
Zambia and other African nations see, with their mineral resource endowment, an opportunity to engage with the green-energy revolution and ultimately improve their lot.

Dyor.

Agreed. The new CEO, who came up through the ranks, previously head of strategy and led the company's copper business at Anglo American said this week, the world is heading for a severe shortage of copper crucial to the green-energy revolution and he doesn't see where the required supply is going to come from.
His favoured location is the Central African Copperbelt. We know they are looking at Khoemacau in the KCB, Mopani is up for restructuring, the copper price is back on the rise and gold is too. All heading in the right direction imo.

With favourable results, an initial drill program of 3 holes was extended and is continuing.
6 holes have been completed and 4 holes assayed for Copper to date.
More assays expected for Gold, more drill results expected as the program is continuing.
News flow to come.

To give some perspective on today's drill results, here is a quick comparison with a couple of highlighted drill results at Sandfire's A4 Dome;

MO-A4-003D (6/8/18)
52m @ 1.5% Cu from 232.2m
Incl 15.5m @ 2.9% Cu from 268.8m
Incl 4.4m @ 5.3% Cu from 279.9m

MO-A4-207D (7/9/21)
45m @ 2.20% Cu from 441.2m
Incl 6.78m @ 3.59% Cu from 441.2m
Incl 2.1m @ 8.25% Cu from 456.78m
Incl 7.12m @ 3.13% Cu from 462.6m

What makes the Shinganda results,
50.3m @ 1.53% Cu from 21m
Incl 7m @ 4.36% Cu
Incl 2m @ 11.31% Cu
truly ( choose your own superlative) imo, is the depth.
21m drilled at an angle of 50 degrees equates to 13.5m below surface.

Dyor.

The Chinese are buying Lithium again, this time at Kazera.
US$7.5m for 49% of the Lithium interests at the Tantalum Mine in Namibia.
Almost equivalent to their market cap!

Dyor.

50.3m @ 1.53% Cu including 7m @ 4.36% Cu from 21m at the first attempt, another great asset.

It seems most base metal prices have fallen some 30-40% since 24th February or just after, except for Lithium, which has remained flat.

Dyor.

George Roach (PREM) told Reuters News Agency on Monday the company selected Suzhou TA& A Ultra Clean Technology from a number of Chinese, European and Australian investors.
"At one point, I was involved in 11 separate negotiations with people all wanting Zulu." Roach said.
"It was a very intense period."
Suzhou are about to start shipping Lithium containing spodumene concentrate from Zulu to China next year.
Initiation sampling and mapping underway at Kamativi, news due anytime now.

Dyor.

Or continue with the exploration that has already been budgeted for, in the quieter period, while the macro resolves itself, and reap the benefits in more buoyant times.

Imo.

Indonesia are increasing their exports for coal to make-up for the short-fall in supply from Russia to Europe.
Good for both DOID and Asiamet.
Perhaps DOID should fund the whole (or part) of the KSK CoW project themselves (low coupon for Asiamet's share) with the additional, unexpected and high margin revenues and profits generated from the forthcoming winter period and de-leaverage the Bank.

Dyor.