Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Terrible detective work Fulmar29 (eye roll emoji)
"2.Why does his chief cheerleader need so many aliases and even talk to herself sometimes? CruElla/Ella10/MaBaker/Dani/Sharestar and the list is literally endless-it all seems a bit too manufactured and desperate-"
From XTR board. Seems everyone is Ella
Ps I'm Ella
Great point Analytical. No time wasted on re negotiation of the original deal and the service given for free. Nothing is ever free, there's always intent behind it. Looking forward to seeing what it is.
Also, back onto the licenses we sold. Pl366 drills hit visible copper. This is rare. The correct lytholigy was found on both our retained and other sold licenses, but to find a visible copper is really something. COBRE, found visible copper on kitlanye (next to PL253 :-)) off the back of this they then multibagged, allowing them to raise $10m for further drilling. This wouldn't make a dent in Sandfire SP, but it lends itself very well to the resource payment we have arranged of up to £80m
November 21 RNS
"Drilling on the Sandfire Agreement Licences intersected visible copper mineralisation at 242.7m in core hole BDDD004 on PL366/2018 in the form of vein-hosted chalcopyrite. This interval will be sent for laboratory assay, along with other zones of interest highlighted by detailed logging of reverse circulation chips"
We should receive a the sandfire update next week.
Exploration information and or a sum or money
"
i) Change the long stop date for the meeting of the conditions from 31 July 2021 to 31 August 2021;
ii) Sandfire to at completion of the Licence Sale Agreement, reimburse Galileo up to US$500,000 of exploration expenditure incurred by Galileo in relation to licence obligations of certain Included Licences being transferred to Sandfire (the "Reimbursed Exploration Expenditure");
iii) Sandfire's US$4,000,000 Exploration Commitment under the Licence Sale Agreement to be reduce by the amount of the Reimbursed Exploration Expenditure"
It's about time "they" stopped messing about in the market and recognised the short fall in copper supply withing the proce of copper
It's probably being held down to stopnthings going crazy expense wise in an already struggling world economy. However it can't be artificially held for long
Great interview for both JLP and GLR.
Totally agree, Luansobe was dropped in there on purpose. These interviews are paid for by the company to deceminate the information out that they want people to know.
The fact JLP are a big influence in Zambia, helping their environment and employing 500 locals will mean the government will be doing everything they can to help (as proved with the short lived electricity and water problem). This "help" will flow down to JLPs enablers ........in short us. They will want our small scale mining license to go through to keep the Rhoan plan going and those people employed
This ducks are really lining up now
I agree with you CHRI5P, below is from an earlier kamativi RNS. When you take into consideration the size of the asset and we put 8 or 9 drills down and hit 1% lithium on the first one, is pretty amazing.
By comparison on the KCB similar sized assets (pl 040 and 039) we were having to drill and prove it just had the right rock lithology where you might find what you're looking for (in that case copper not lithium of course)
Huge win for us and more results to follow from the remaining drill cores
"total of 5,326 samples were collected in the form of rock chip, stream sediment and soil samples, the sample type being dictated by the extent of bedrock exposure, and the terrain. Of these samples, 1,661 were initially selected for laboratory analysis based on pXRF analysis, comprising 79 rocks, 87 streams and 1,495 soils. Soil sampling was carried out on a 400m x 40m grid spacing"
Agreed Butlerman
Form my experience of CB he doesn't say things in interviews that blatant that don't mean anything.
We have seen from his twitter he's been on SA looking at mining contractors, he referenced this in the interview
The Sunday Roast guys reported back test chippings of rock from luansobe at one of the JLP refinery
The mining license app is in on the Zambia mining cadastre from march
50k tons a month of rock for 6 years LOM and JLP RNS references the same set up today
All coming together nicely
"Jubilee has secured an additional 6-year Copper ROM supply at Roan on the back of the targeted expansion of the operations. The ROM supply agreement targets the supply of a minimum of 2% total Cu grades of previously mined material"
This is really good if it's what it sounds like !!!
For those that have been here over 12 months, we once the Sp rises up and down to and from 1.5p on nothing. We are on the up at the moment. Imagine where it will go propelled off more lithium core results and luansobe in the short term.
For those who were where 2020 starzinc promised us £1m a month revenue before its sale. On anticipation of this, the sp reached 2.68p on then day when the artisanal mining license was approved for Siege. They have had a small scale mining lisence approved and the revenue deal we have agreed alone at today's depressed zinc prices and max output tonnage a month is $700k a month
So many irions on the fire all on the brink of monetisation will drive the SP up. The longer the Sp doesn't react, the quicker the reaction will be once the market "realises"
My prediction is Shunganda drill update from the mobile rig we sent mod June
Further drill results of lithium in a week or two
Kcb sandfire update of the deadline for them to have spent $4m or give us the remainder
Then the long awaited Luanosbe
Altho as everyone has already said, updates on all fantastic projects are welcome and SP movers
Great times
things are getting close with ka****u now
the mining cadastre has just had an artisanal mining license approved that for lead and zinc sharing a border with our license. it was applied for 5th jan 23
our artisanal ones were all applied for between 10th and 19th jan. ours will be next.
100% Analytical, Kamativi In Zim is really shaping up. Drill cores at 1% and only 30m deep. The chinese are getting 0.8% at 20 odd metres deep on the tailings dumps next door at the tin mine.
I bet we are looking very attractive right now and more to come as more drill results are analysed
This is great news for Zambia and also us as an owner of a few nearly operational assets. Zambia owe the chinese a lot of money and their national debt and inflation was escalating out of control mid covid. the IMF threatened to stop funding them due to corruption, hence the big clean up in the mining sector.
the UK is injecting £3.5billion, the Americans are also injection $Billions iaw the article. as long as internal corruption is kept away, Zambia could really climb out of the financial issues its having as the world needs its supplies.
closer to home, those billions spent on upgrading refinery's for more output, and building altogether new refinery's are going to need a hell of a lot of ore. we have that. the fact we are cashed up means we can outlast our own plans and into the era of where all this investment is landing......we will be wanting a piece of the pie also
hi agentsmith
these are the licenses as they appear on the zambian mining cadastre to add to analyticals comment about different names on the apps
ka****u - 3 artisanal mining apps (all.under different names)
https://twitter.com/sharedata12/status/1647623667155628033?t=dqzphzgh28esvwztldtf0a&s=19
luansobe 1 small scale mining app under our jv partner statunga
https://twitter.com/sharedata12/status/1679201545391415296?t=b9rhlk8x_7022tytutfzsg&s=19
shinganda - large scale exploration license 3 apps. 1 under our partner garbo, 2 under diffrent names
https://twitter.com/sharedata12/status/1656062361587859456?t=cppap8sczxogjiqc1fxx5g&s=19
starzinc - asset sold to siege and small scale mining license finally approved, so in theory we should get our royalties (confirmation required)
https://twitter.com/sharedata12/status/1673776001820573696?t=yhij63byiigj7dnvhbxt0q&s=19
all can be seen on the zambian mining cadastre
https://portals.landfolio.com/zambia/
unfortunately the zimbabwe one is not open to the public yet
personally i'm really looking forward to the app over luansobe ticking to approved. this is game changing for us. however revenue from the shallow zinc on ka****u can't be far off and starzinc as well
exciting times
luansobe smale mining license app
https://twitter.com/sharedata12/status/1679201545391415296?t=_cbfeesebq4cmwoupddfea&s=19
ka****u artisanal mining license apps (3 off, although at the time i took this it was 2)
https://twitter.com/sharedata12/status/1679201545391415296?t=k7arfyr7g8duxrf7xs-iga&s=19
hopefully cyberiachas, on the ministry of mines fb page
https://www.facebook.com/profile.php?id=100069261307422
they are publishing the mining licenses granted in the prevous month. the 70th and 71st mining license committee sitting/review was published on june 15th
they then sat again (73rd sitting....not sure what happened to the 72nd) 29th june and the results published 7th july
so if they keep on with the same pattern then we should get the results of the 74th sitting this week. we are long over due the artisanal applications on ka****ue that were submitted in january this year
luansobe was submit in march this year and there's no reason why we shouldn't have the results of that one either given the 90day standard process