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Also looks like this next round of drilling will be enough to create an inferred resource estimate over that part of Shinganda which is value adding. Hole 2 pulling outstanding results of 7.9% copper over 3m and 1.5% over 50m no greater than 50m deep. Looking at the mining cadastre Nyami Resources have applied and had accepted the paperwork (waiting on final issue) of a small scale mining license on the same fault line we are testing.

https://x.com/Sharedata12/status/1805378953479340394?t=lIdC6_GSKjpKwFxv7KQx6w&s=19

Nice interview today, it was good to hear some values muted and some idea of the current situation accross the board in terms of assets and what is being considered

I maintain Luansobe is our trump card and patience will pay with this asset. Its coming, it is just a matter of when

Shunganda has always been a favourite of mine "dark horse" those that have been around long enough may remember my mistake of calling it "the black sheep" haha. The market seems to like our discoveries on this asset and a decent 20%+ movement usually comes in any news. The 33g/t gold from shallow pits especially got it's attention last time. Copper also......this is without taking into account it is/could be an IOCG. Word of note, at the AGM we were warned that the limits of the asset are being tested to judge its size and shape, so don't expect every drill core to be amazing, even a "nothing" helps paint the picture.

I think Kamativi will be the next update. Lithium and Tin have large values at the moment and we know we jave a good asset. The next few months will be update heavy imo.....following the same trend as prevous years

Corporate action notice out, company will be re listed on AIM. Before hand existing share holders offered shares at discount price to help raise $300k.

Minimum investment £2k.

Anyone going for it? The website is updated and information on a gold asset posted

I feel your pain CHRI5P, sometimes I feel my phone is working against me

You make a very good point highlighting the cut off. It plays a big part in mine viability. 0.25% on Luansobe is based on a $9000/t copper price (from the mineral resource estimate that Addison compiled for it). Since the price is above 9k, the cut off could be lower for the mine part

Secondly, the overburden which is usually an outlay by the mining contractor at their expense becomes less of a "burden" making the mine more attractive

I think you're right Analytical. usually the beginning of the month they are released and the next is over due. what a good piece of news that would be to have the License granted. Both parts of Luansobe licensed up and ready to go for buyers or production.

Cobre doing incredibly well. Doubled their SP. It wasn't that long ago that our SP tracked their progress it seemed in the Kalahari, due to our licenses being so close to theirs which were being every proved that more valuable. As such, ours gaining in value also. "A rising tide floats all boats" scenario.

we are in all the right places, that's for sure

Operational in 3 months should they choose to was words that i have picked up on Luansobe.

It certainly looks like all licenses are being positioned for every eventuality.

back to watching the License committee updates as these are more up to speed than the visual status on the cadaster

Https://x.com/Sharedata12/status/1797753351318429709?t=e9R59Ns3lwvaHpvpve3nHg&s=19

See link for lisences

Speaking of 2 birds in the hand

The second mining license iver Luansobe is now at "application validated and pending MLCC approval"

We arent too far away now from having 2 mining lisences

This low price is unusual but a good thing for people wanting to accumulate. Next steps are sale, JV, etc etc. Next bit of news on luansobe will be the steps in the road to adding value. Then the SP will react. The fact it hasn't moved today means bigger gains for when it does. Just a matter of when now

Well predicted HD! you can come again mate

I agree 3CB, the majors appear to just be buying eachother out at the moment. However that dilemma doesn't appear to solve the copper crisis. We are all "gambling" on the majors then stepping down off their ideal and taking the smaller resources ready to go and even at a lesser grade. This appears to be the case.

That coupled with the fact that Zambia is wringing itself dry of copper to get to 3m tonnes a yr from 700k.

The chips are missing in the right direction and we have an asset to play.

My personal take on Colin's tweets are a reflection of his intent for his companies. copper price is closely linked to their value. I'm not an expert at XTR, but Bushranger as i understand it requires the copper price to be at a certain level to be viable, our Luansobe is based off $9000t copper for the MRE.

The license has been granted to us, paperwork "on its way". The Zambian mining cadastre is not known for its efficiencies. we know this news is on its way. we know that with that golden ticket CB can engage 3rd part miners, buyers of ore etc etc, or potential customers for an outright purchase. Neither of which is to be rushed given what happened to Starzinc......which if the management and contractual arrangements werent left with holes in with Siege mining, we would be earning over $750k a month by now. Id rather wait and get things water tight for Luansobe and learn from mistakes

I'm with you on that one Agent. There has been many exploration licenses granted and no RNS, also cash injection into the company, no RNS. This time the commitment to RNSs on both fronts.

A statement of intent and reflection of the directors attitude this season for GLR. Big things ahead and shareholders kept up to speed

GLR sitting good now. Cashed up, de risked for investors and enabled for the projects in the pipeline. License soon to be RNSd. This should be sitting attractive to the market now

4.6% spread. Will the MMs finally let this go tomorrow and keep it there. The 10% and even 15% have been putting the brakes on this but we've still ploughed forward today despite that

I picked up on that also Money.

This is coming. Its just when

I understand your point on this 3CB, but Luansobe has 60k tons of copper between 30 to 60m deep. XTRs bushranger is 100's of meters deep. The overburden of 30m in Luansobe is concentrated with enough copper at this price to pay for itself and require only simple machinery and mining equipment to extract it. They aren't comparable as they are different types of asset

18p maybe not, but would warrant many multiples of today's SP

Interesting..... I didn't think the roast team would have Colin or Martyn on speed dial to ask a random question on a saturday. They must have been speaking about something else already. We await the news :-)

Galileo in the Sunday Roast. Just skipping through. Landed on 1h 8 mins they quote Colin and Martyn have said thered no RNS as of yet about Luanosbe License as they haven't received the paperwork yet

https://embeds.audioboom.com/posts/8493525-sunday-roast-featuring-paul-johnson-investor-charles-archer-long-term-ftse-aim-investor-and-f/embed?link_color=55ACEE&source=twitter_card&utm_content=card&utm_medium=social&utm_source=twitter&v=202301

Ah well reminded about SFR/AFP CHRI5P, thankyou. Having the mining license to Luanosbe imo has solidified GLR amongst the top running Juniors in Zambia. A demonstration that they can take an asset through to production ready. The big boys spotlight will be on us. Its just how we carve ourselves up for sales. Everything that people have mentioned seems very plausible. (Sorry Sumo I wouldn't want £20m).

I'll take anything as long as it's lucrative, but my guess would be that it's kept simple for now. Luansobe will be sold with a royalty and the money will be put back into shinganda, and the Western Foreland. Botswana i have no idea, SFR own 5% of the profits from whatever is to come and CB will likely want his 7% exit strategy

One thing is for sure, I'm looking forward to seeing how it all unfolds