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Starzinc seemingly progressing.

Google maps is still the same, but Apple maps is more up to date
https://twitter.com/Sharedata12/status/1625218651744882690?t=zsy0asvWVC5OVv03vK6WZg&s=19

We arw still owed $700k for the initial sale and our revenue from the sale of the zinc at current prices is 5% at $3100/t 25% zinc

6000t a month initially ramping up to 15000 tons of rock a month......this will earn us well over $550k each month.

Double bagger at least once this is confirmed (total rock 450k so that's 30 months of $0.5m per month)

Hopefully Ella

Just listened to the roast again. CB is aiming to have 60k tons a month out the ground (presumed 1% averge). That will go into an on site concentrator of which the recovery will be 75% ish, spitting out the other end 45k tons of 5% ore to be trucked to the processing plant.

The mine life will still last 10 years as max capacity it 60k put the ground a month. Presumably, the 15k tons a month of 0% rock stays on site

40plus I think I'm going to admit defeat on the maths

Logic is 10 marbles In a jar, 5 red, 5 blue. Red is good we want to increase concentration in said jar so we remove 2 worthless blue marbles. Still the same amount of red, less blue in the total of 8, therfore the concentration of red marbles in the jar has increased.

I have no idea how to make that mathematical haha.

Hi Cloudbay, my take in the concentration process is to remove a proportion of the %0 copper containing rock at source by default increasing the concentration of what you have left. I.e mine 50k tons out the ground at an average of 1% copper by volume, remove select volume to the tune of 2500tons of 0% rock..what you have left is 47500 Tons of 5%

Ok my maths maybe wrong, but it's more the logic

Agreed Analytical, some extra detail of the intermediate points to operations

Coyote
Thats right, Jubilee in Aug 21 arranged with Mopani to use the processing plant with then taking on the upgrading cost etc to get it fully operational. The intent was to fully or part process the tailings dumps

https://twitter.com/Sharedata12/status/1593346624335630340?t=pBbnFEX79b0ets1rKsMJMw&s=19

December 21 was when Colin bought Luansobe and stated he wanted to get operational in 18 months (q2 this year)
This ties in with Jubilee timeline of getting the processing plant up and rubbing also

This is where the initial thought came from that we would JV, and turns out to be true

https://twitter.com/Sharedata12/status/1612586523542577153?t=rUGP5emOiu_tp5cvLPh9Fg&s=19

Today was great confirmation that we are on the road to operations. The market hasn't reacted yet as this is the inferred resource estimate and the block model not reported.

Starzinc followed the exact same process, using Geoquest and Addison and also being technically signed off by Richard Siddel (who is signing off Luansobe also)

https://galileoresources.com/star-zinc-project/

Next steps:
1) inferred resource estimate published in RNS( today)
2) Jorc report released which involves Block model (this was 1 month after the inferred resource estimate RNS for Sz, 130p document, see link above)
3) RNS stating offtake agreement with Jubilee (for SZ 2 months after JORC report)
4) mining liscence application (2 months)

Concurrently with the above, 3rd party mining contractor to be obtained

Imo these are the next big steps and way points over the next 5 months to be operational. As we achieve each milestone, the sp will re rate upwards. Today was the first step, everything up until today has been preparing for the journey and making sure the journey is viable. We are out the starting blocks now!

Also to take into consideration, and learning from the past is infrastructure and proximity to houses. Luansobe is already surrounded by a large scale mining liscence, no houses and has roads right up to the asset. Excellent for us, it's 29mins drive away from Mulufira and JLP processing plant. Those trucks won't have far to go ag all

https://twitter.com/Sharedata12/status/1623805641637724161?t=h--UygNFOGtfbTve0AlKhA&s=19

https://twitter.com/Sharedata12/status/1623803846928617472?t=w-6nXMrx3p2AKJePBixM9w&s=19

Excellent news! 56000 tons of contained copper at shallow open pit depths!!!

Nice flurry at the end there for us. Just shows when people buy in our SP starts heading in the direction it should be.

The £5.1m from Gelnover could literally hit at any time, that will be 40% on our mcap/sp in one day easy. We are holding our own at these levels. Great strategy to buy in and hold just for the Glenover money at the very least, never mind the inferred resource estimate and offtake agreement from Luansobe adding to our Mcap/Sp. Short term wins all over.

6p for me by end of Q2.....there iv said it

Another Blue day!! Low volume.....market realising our assets

The mining Indaba runs 6-9th Feb, which GLR are represented there by Colin. The brochure claims to make it possible to have months worth of meetings in just 4 days. I imagine we will hear more about what's gone on from the roast gents

The inferred resource estimate is so close now. If "all the results are in" then the model won't take that long at all

To sell out at this level when we have what we have coming up.....measured in weeks not months, it would have to be disastrous and therefore the likelihood miniscule. Especially when we know so much due to the trip to Zambia.

It must be some other reason, warrants near timing out imo

It seems a strange position to be gradually selling out, especially when we have the news we do coming up about going into production on Luansobe.

Inferred material resource, Confirmation of offtake agreement where we find the real value to us etc

both will make our MCap/SP shoot right up

"We have all the results and are just Woking on an inferred resource estimate"

Key satement from Martyn. RNS to follow showing the report of finalisation of what is in the small pit. This could drop any day. This will reflect very nicely on SP. It can't not as the value of Luansobe small pit is recognised officially and the market will then factor that into our Mcap

"We are using local contractors" another key statement, tenders must be out now and we are awaiting formal update

"We know the route" CB on the midweek roast.....they know the route to the processing plant.

"We've seen the samples from luansobe at Kabwe" - statement on the roast with Martyn.

All the information is there, this is the ideal time to take advantage before the official news comes out and the re rate commences due to forward valuing of the asset and the deal with JLP and then the big time when production starts

MMs finally letting this go with a very palatable 4.5% spread

Great week of PR from GLR to the market. (Thankyou directors!) They have listened to us asking for a fresh perspective with adding Martyn Churchouse to speak fornthe company.

Zambia endorsed by its president to tremble copper output
Zambia average grade out the ground 3% vs Chile 0.3%
Main banks confirming world copper supply deteriating by the day

What a great time to be investing in copper assets early in Zambia.

Luansobe samples at Kabwe refinery now (as per the interview with Martyn). Although they can't say for certain this will be a JV with Jubilee 600k tons a year at $9000/t of copper shared between both companies. Multi bags from here when this arrangement starts

"...First half..." to quote CB

100% Funky, this is turning out ti be VERY good asset. Black sheep I called it a while ago.....I meant black horse haha

It's quality enough to prick the ears of a major giving us advice, mentioned again by Colin in his interview for the mid week takeaway

It was prevousely owned by a major before exiting the continent (presumed in the past due to Africa's politcal uncertainty). 2 majors at 2 different times interested in the same property. Surely a very good sign for us who now own it

25x100m strike determined that isn't tested at depth and it still open ended known to contain $2000/t dollar rock. Deeper drilling and pits with average $230/t rock. (Huge values when we compare to starzinc $45/t rock we were excited about not long ago related to zinc)

Further drilling to be done and further collaboration confirmed with the 3rd party major.

Really looking forward to joining the dots on this asset. It will be a big one for us in terms of value.

Thanks for getting back to me SeisNav. Looking forward to seeing this unfold in the next few weeks. I believe a similar set up to when GLR were going to supply concentrated zinc ore from starzinc to mix with kabwe tailings before JLP decided to concentrate on their Cobalt workstream. Same People, same companies, very likely same setup. Exciting times

SeisNav, if you sayyy.......had load of 25mm rock pellets at one of the JLP refineries. What are they likely to be doing with them?

Is this the size of the feed that's required at Kitwe or Sable

Some really exciting numbers flying about in this RNS and interview $1900 per ton of rock due to the gold content

33g/t highest sample tested!!

Very loose calcs 25mx100m and in a 1m plane would be nearly $5m in value in the ground

Just the gold strike once proved up would be a very decent earner for us

I thinkso too CHRI5P, so many irons in the fire and cashed up. To quote CB in the interview today

"1 or more projects to show itself in the first half"

I'm not sure either Iky, currently we seem to be getting (as do other AIM companies) very little forward looking value. Short of actual cash in the account to move the SP, the market seems to like purchase of new assets as we saw with Bulwayo and kamitivo recently, but gives little credit to progressing the value of the assets. As we have seen with release of drilling results, grab sample results etc. I believe in a difficult time for all, these have created upward pressure, but haven't quite broke the chains to kove the SP....especially when the MMs have whacked 15%+ on the spread making new investors carry more risk and stagnating us

To counter this I strongly believe we have a responsibility to teach the market what the results mean as a company through fresh PR. This will mean hard work doesn't go un noticed or understood and also the spread is now a more normal value meaning more churn and again bring us back to life abit

We know we can move 30% in a day, this share always has for little reason. A good hold after today's proceedings will be very nice, especially when we have so much to offer