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The artisan one was .out likely delayed due to the issue of liscence handover though. That blown the 90 day duration and the small scale exploration one appeared. So presumably that's why the artisan was so long. This time there shouldn't be an intermediate liscence needed to be granted

Hopefully we won't ge too far off the liscence being Validated

The small scale exploration liscence was applied for 19/2/21 and reached the "Validated" stage around 24th April 21 (thats the day I noticed it). Approx 2 months. The mining liscence was applied for 6th Sept, so 2 months to "Validated" would be next week ish given same duration.

That being said I think 90days is the max which would be 5th December

So all in all, not far off as long as there's no issues

I get what you're saying IKy, sometimes it can seem like replies on the BB are always positive. From my presepective particularly, if an RNS isn't very good its not that I'm dismissing how bad it may or may not be or ignoring the SP direction, it's usually that iv already taken it on the chin and I'm looking again to the future to decide if I should still be invested. I personally believe in GLR for its fundamentals and despite these bumps I think it will go far. We have the assets , the team and the money. So with that i remain positive about the future of my investment here despite current disappointment.

In terms of concordia iv been doing a little reading. Was it actually a flop? It's hard to tell. The Aug RNS 2017 states it had drill holes ranging from 0.26 % copper up to 0.88% and the estimate before drilling was 900k tons at 0.89% with 0.2% cut off. So to me it sounds like the copper is actually in concordia and they proved it

This article :

https://www.miningmx.com/special-reports/mining-yearbook/mining-yearbook-2018/34211-hayes-in-rethink-on-concordia-copper-plan-after-lessons-learned/

Seems to suggest it was some sort of break down of the relationship in the joint venture with Shirley Hayes and had to be settled in court and GLR lost.

"Bird got involved through Galileo Resources plc which set up a “co-operation and joint venture agreement” through which Galileo would commit the funds required for a 51% “earn-in” stake in Concordia. The amount specified was R10m over a 14-month period. It did not work out well.

Both sides have differing versions over what actually happened, but it culminated in Galileo bringing legal action in the Cape Town division of the South African High Court against Hayes. The Court ruled in Hayes’ favour in November last year"

Could be why today some of us newer investors I.e less than 3 yrs, see Colin steering well clear of joint ventures

I could be way off here but looks to me like concordia and the way it was explored was a success, but the joint venture was the problem. Fast forward to today, and the KCB, we are going it alone so that issue doesn't exist and we don't have to worry so much about concordia comparison?

I thinkso too Ella. The audited results should be next month, but would be good to have some movement on at least one of the assets before then.

"Drilling is ongoing on PL253/2018 and drilling has just commenced on PL39/2018 with the aim of testing an extensive airborne EM target on this property, focussed on the margins of a regional scale dome feature"

2000 metres in 040 and 1300m in 253 and ongoing, 039 started.

I think we have time for more drill results before Xmas

Hi Ella, I noticed this a while back.

I posted this video in August which In the background I compiled to show operations and movement on SZ since the article was published in June....In the absence of being able to find an article of it being open again

https://twitter.com/Sharedata12/status/1421788122157928452?t=DdYIbjlLxzYrWxVCdk4C6Q&s=19

I messaged Joel about it and he didn't seem too bothered altho no firm answer wither way to be truthful

The article states noise etc so I really think it's the locals just wanting to be paid off and trying their luck. It's a local company doing the mining so have far more sway with the argument amongst themselves. However as seen in the video it does look like operations are under way, coupled with the AGM info and the statement about samples sent etc.

The small scale mining liscence applied for by siege on the 6th Sept, I imagine is belts and braces for the ministry to authorise full scale mining and no locals being able to change it.

Great points Ella/Oiltap. We certainly have the right ingredients for success, whether it be Assests, money or the best personnel in the business for the KCB. We just need it to all come together. We are certainly on the road now. I'm Still sticking by what CB said early last year

"one good drill result and this is a totally different company"

We are now learning just what it takes to get that result

I feel the same about the RNS, the wording altho relatively upbeat about the sold SFR liscences, seems fairly negative about the retained liscences.....especially when the words "no copper was found" is the one statement that cuts right through it all.

Now iv had chance to digest it I do see it for what it is.

"All the holes were designed to test the D'kar/Ngwako Pan contact"

We found that in every hole.......so success!. The detail at the bottom of the RNS is alot more useful that the summary at the top. Only one hole on the sold SGR liscence 253 went through copper and some holes assumed to and had to be sent away for assay. This is good! But very lucky to have hit first time and a bonus above the intention of what the drill holes were for.

Our retained liscences, found the formation where copper occurs. There are plenty of statements around copper drilling continuing....... words to that affect and copper drilling to start. This says to me we have still got our drill rig and we are simply moving it around now. It feels like we won't have to wait that long for the next set of results.

I looked over the pdf in the RNS first time, but this shows 253 definitely shares a boundary with 250.....which is part or SFRs expansion project.

253 was Highlighted by Virgo (who we bought the liscence off) as having a copper anomaly, the same as 040. This is why I believe we chose to drill these first. 253 has "closology" (to quote Oiltap) as it literally would share a fence with 250

Still alot to come here

039 has the dome so fingers crossed for that

Annoying it's before Xmas otherwise I'd buy more

I'm really not sure tbh Billy, I personally am expecting news on SZ, Glenover, ka****u first or maybe an all encompassing update (possibly with more KCB in it)

100% FS, the sold liscences had fantastic results and that really bodes well for our "upto €80m" in the future

One statement i really liked was how CB said SF are due to spend $4bn, in the next 2 years, this proved his previous statements in interviews that there will be a land grab starting in copper around 2023. That's more than enough money to start buying out small Minors with copper assets....it gives me a longer term target to aim for holding this share.

As for the retained liscenes, more drilling to come :-) and coper to find

From the May RNS, 040 has a 22km strike/formation similar to CCC zone 5 so explore, we've merely drilled a few holed in it

039 has the Dome feature which as per our latest RNS we are about to start drilling

The game is very much still on

The Zak interview is certainly worth a listen. We were looking for the results that the sold liscences 251 and 252 had with our retained 253 and 040, but unfortunately never got it, but we did confirm that we have the formation of rock that copper is usually found which....as I understand it , if you weren't to find copper, you certainly would want to find that you have this formation/intersection and mineralisation........ D'kar/.....(I won't attempt to spell the rest). Further drilling of this intersection where copper is usually found on 040 could come up with results........the wait continues, we have the funds, so doesn't seem as bad as the RNS made out. Like CHRIS says, everyone just got fixated on the wording of "no copper found"

When they first drilled starzinc they found no zinc at all, They went back to the drawing board and drilled diagonally etc and found a reserve with what ultimately proved to have 72000 tons of zinc in.

100% CHRIS. All market reaction, not fundamental reflection

Hard to Temper disappointment of not having that 1/100 fantastic result first time and all that came with it shooting the sp up in time for Xmas etc, with the realism of what we expected to do/achieve with these drills, which imo we have done. Drilling equipment now calibrated and on goes the mission.......we just don't have the easy ride we all secretly hoped for.

Kavango had the same thing happen to them on the KSV. First results weren't what they wanted........but look at them now.

Before anyone says I'm just being positive, trust me my day hasn't been great seeing my holding drop by £15k at one point. I do believe that we have more to come on the KCB, we just have to earn it with more drilling.

Ontop of that, SZ payments to the tune of $12m over 2.5 ish yrs to start soon, Glenover sale news. All of which to have a significant positive influence on SP. So we still have it all to play for

Good point, hopefully it goes pretty quick then :-)

If anyone is interested here is the link to the mining cadastre that shows liscences in Zambia

https://portals.landfolio.com/zambia/

You have to know your way around and zoom in to the right place on the map, also make sure you tick "Application" on the map key . Below is a link showing sz before the liscence was grantedto siege. Zoom in on Lusaka, follow the road T2 north until you get get 10mile road, sz isnt far down 10mile road.

https://twitter.com/Sharedata12/status/1377335038228848641?t=g3kyZld3XxiOueMr7LTk5g&s=19

Below is a link that shows Kabwe, ka****u is just south east. The purple bit that runs through the red box. That's the liscences Ella has told us about

https://twitter.com/Sharedata12/status/1355462275696570369?t=iHPWY-3Zn_O52Nhn8zshWw&s=19

Twitter pics arw abit old now, but helps you manually find the areas on the map

Well done Ella! I haven't even been looking at Kash, just been watching the star liscence in anticipation of it clicking over to the next stage of approval. 2 months it's been in next week, so we're getting close.......similar timescale for the Kash liscences probably too. That being said, looks like a deal being done with Kash which is what I'd have wanted for it so thanks for posting. That combined with Collins statement at the AGM of we are long overdue a well rounded company update means we could have alot of substance to.that very update and reflect well on sp (thinking short term).

Good shout Ella. They owed us back £500k for AEM and drilling on the acquired liscences. Currently the map only shows soil samples. Good results on that....which I'm sure they are we could see that £4m of promised exploration budget out into them ASAP, I'm sure they would rather do that than just give us the £4m as agreed in the sales clause :-).

Probably Billy, but good to know that we have that linked to territory they are already exploring just a couple of km away, sandwichedbetween land they already own and right next to their mine already.

It could go a few ways. If they start drilling then we are on the road nomatter how long, the market could take that possible £80m in a few years now of they do.

Thanks for sharing Ella, great map. Very close HD I reckon:-).

In particular 251 is slightly different it seems to other pls and broken up into pieces that don't share borders. The zonked in part or A4 priority exploration area has the two blue bits in it, and that is part of 251. Between already owned Sandfire ground and lots of red dots with copper in the soil, so no wonder they wanted to get their hands on it. That 80m (or a proportion of) may not be as out of reach as some make out.

I really get the impression that GLR wasn't mentioned on purpose same as Castiron. CB has his biggest stake in GLR, and like many have said, it's not for no reason. He could have so easily said something.....anything really, so I feel maybe it's quite obviously left out. I actually find that a little exciting, there has to be a reason behind it and unless the last RNS was total lies, then it must be positive. Last q4 saw us with a very nice rise, I hope we are being lined up for a campaign to donthe same this year :-)

Ignore my "23 holes drilled" that could be wrong.but the results of the holes....however many, are all good

One of the members in the twitter group brought this interview with CB to my attention

https://twitter.com/Waren_Buffett/status/1443541668859367427?s=19

Mainly around XTR, but the detail/explanation of the copper market and peoples lack of understanding around it is great. This can be related to GLR

Example: Bush Ranger project in Sydney is a huge copper asset which despite all the drilling they have done they haven't found the edges of it yet. The drill results of the 23 holes have been constantly brilliant and posted for the market to see, they are in bed with a major for that project, and the jurisdiction is about as good as you can get, I.e in Australia, country that wants to exploit mining, and close to all the infrastructure you could need to start a new mine. Despite all the above the market doesn't seem to be jumping all over it in terms of SP performance.

This is very similar to our KCB, in bed with a major, in a country who wants to exploit mining (Botswana actually paid for mains power to the KCB to make mining more viable) , our asset has copper 60% ish closer to the surface than Bush ranger (or should have when we show its there),
We should have higher grades of copper (if our performance is similar to nearby deposits) and we are close to all the infrastructure needed as there are existing mines just 20km away......again the market not jumping all over the potential.

I particularly like the part of the interview where CB is challenged on the level of info in the RNS's. They are pitched like a technical report and miss a great opportunity to teach the less knowledgeable about the benefits of the peripheral aspects of the assets like the infrastructure, major relationships etc. I hope he sees this opportunity like we have been saying on this board. It will be a chance to bring the market along and gain that sentiment that seems to be lacking around these world class assets....a step change in this would see a change in sp imo