Member Info for Coyote2020

Tha Zambian Government is to accelerate the restructuring of Mopani Gold Mines and bring in an Investor. Mopani own the Mufulira Mine and Processing Plant. Investment is needed to complete the mine shaft, from memory, one of the deepest in the world.
This further enhances the possibilities for Galileo. A standalone entity, potential ore feed (near surface oxides and deeper sulphides) or any other combination thereof to Mufulira as the Luansobe prospect is located in close proximity.

As for final hurdles, the final de-ramping period is upon us. Take heed.

All imo. Dyor.

With no reference to any particular contractual details Galileo or any other junior for that matter active in the region may have with its peers, my observation is more in a general sense.
Khoemacau is world class.
Held in private hands and transferring into the Public arena giving access to other markets and therefore a wider audience must give uplift to the KCB as a whole.

All imo. Dyor.

Simple! Most matters are once you've cleared away the........

Or another way to describe it,
'With a rising tide, all ships rise'

All imo. Dyor.

Meanwhile,

So a Tier 1/Major/Large Cap/Publically Listed company buys maybe, Khoemacau, currently the largest producing copper mine in Botswana, privately owned and un-listed. What is the upside to this?

1/ An additional, substantial share holder base in another territory.
2/ Ease in trading the stock.
3/ Ability to raise large amounts of Capital.
4/ Greater media (facebook, twitter etc) awareness.
5/ Prestigious profile and therfore endorsement of the KCB.
And so forth.

A definite plus for region (imo) should it take place.

Propitious

Any mention of forthcoming drill results?

Clarification - impact meaning - for the better.

Or more to the point, with a valuation of US$1.5B who is this likely to attract?
There is Australian interest with Sandfire but with say a North American main player on the scene would surely impact the KCB and all those associated with it.

Private equity, the financial backing are looking for an exit. One of several options. A sale and the interest generated would make an excellent promoter for the region.

A brand new copper/silver mine only started producing last year, full run rate of 60kt Cu + 2Moz Ag per year expected by the end of this year, planned expansion to more than double production, 22 year LOM with upside, AISC US$1.80/lb Cu, released to the market when copper prices are forecast US$11k/t end of 2022 and US$15k/t farther on down the line, in Botswana ranked as one of the safest jurisdictions in the whole of Africa.

Won't be any shortage of buyers here I'll say should this come to market.

Galileo has licence interests totaling 14500 sq km in this region.

Khoemacau (Cupric Canyon) a private company operating in Botswana could be up for sale. Valued at around US$1.5B will certainly add interest to the region.

Notable RNS from Premier African Minerals this morning, maybe Galileo's recent move and Kamativi/Bulawayo was not 'leaping on the band wagon' after all, more like 'right time right place'.

All imo.

Good find.

Anybody new researching the Botswana/Sandfire/Galileo situation, this is ideal.

The Zambian Mining Licencing Dept are to re-open on Monday 11th April already stated here. Having completed their audit they may well provide details of the maximum number of mining rights owners can hold at any given time. One reason for the suspension. Some owners are reputed to have had 50 licences or more making this a very interesting situation should they be obliged to sell. Galileo has the cash and the knowledge to benefit from this.

All imo.

Correction - Appealing should read - More appealing or of greater interest.

'A credible company can always get money to drill'

True enough. Timing and the mining cycle may have some impact but the question is from where?

Every Prospect that achieves it's aim and a 'decision to mine' arrives at this point via it's own route. There is no prescription or proven formula, every project is examined and assessed on it's individual merits and the best course determined for each and every stage. Influencing factors for each case are too numerous to list here.

However, what is worthy of note, is as the process evolves certain avenues become apparent not readily accessible to other prospects in the Junior Mining Sector.

Oriole's CLP has scale and is very early stage. Mentioned in previous posts so not going to elaborate here.

How is this advantageous to Oriole?

Appealing to large cap's means you can spend their money and not your own. Their turnover is so vast exploration costs at CLP at this stage would border on the insignificant.

Very early stage prospecting means no requirement for formal, targeted contract agreements. Pay for work carried out and if you like what's found, progress to a more structured arrangement.

So what's next for Oriole's (CLP)?

Soil sampling at Mbe to test for a westerly extension. Best result so far 838ppb (>50ppb is viewed as highly prospective).

Stream sediment sampling for the 3 Western Licences 2 of which are of a different geological setting and are on higher ground which I'm told is good when stream sampling.

All imo. Dyor.

As a pure exploration company it is essential to engage with others at some point to monetise your asset and subsequent endeavours.

There is no fixed formula for this as shown in yesterday's Annual Report. The traditional model is to take a single project and prove it up through MRE, scoping study, technical report, pre-FS, FS, BFS and so forth. The Project Generator, a more contemporary model, tried and tested in N.America but not so well known over here. There are multiple influencing factors including risk, benefits, funding, returns and so on whichever route is taken. However, what is common to all of the above is the requirement to realise the value accrued usually when the project has become attractive enough for another party to want to get involved.

I believe the CLP has already achieved this status. The opportunity is outstanding. Oriole have demonstrated the attractiveness of this District Scale Licence Package and could easily engage with another sooner rather than later.

All imo.

CLP is the standout asset here, 8 contiguous licences for 3592 sq km of highly prospective ground in untested west central Africa. A 'must have' for any mining company looking to meaningfully expand it's resource base.

To date, I believe Oriole has already done enough to highlight the considerable potential this land package holds.

Should a Miner decide to take-up this opportunity, then Oriole offers an uncomplicated pathway by way of arrangement.

Say for example, a Miner came in on a preliminary or pre-JV basis where Oriole carries out the work and the Miner pays the costs of say £5m. Positive outcome, they proceed with a more formal arrangement. Negative outcome, the Miner walks making a small (relative) entry on their balance sheet for £5m under 'Exploration Expenditure'. Who could complain about that, it's only what they do after all. Then read the Press to discover the same Miner saying for every $100 increase in the price of gold adds $300/400m to the bottom line so who would give a monkey's anyway.

What's best about this situation is there is no downside. If it doesn't work out, everybody moves on. A great opportunity for anyone that just screams out of the page. It's not a question of if only when imo which is not so far away.

Musings. DYOR.

If JLP re-establish the zinc circuit at the Sable Refinery, that's great news for Galileo. Ka****u is on the doorstep.