Member Info for Dcat80

Not had a chance to review. Will do post work!

At the least it shows the company are aware Rio are planning on allocating significant resources to Zambia for exploration. Plus the article was shared on twitter and this board last night so easily in public domain..

477,045 buy earlier was a top up for me. With the big price drop being from start of day I figured it was someone dumping to buy into another companies RNS and thought rude not to take advantage!

We all know it’s a micro cap which moves quickly and Cameroon trenching was extended on initial unpublished findings (maybe onsite handheld devices?) so I expect when our turn for an exciting RNS comes it’ll be move hard and fast ??

As fulmar says it depends on the term, however once a major is involved then the project is derisked enough for funds and institutes to get involved and SP could move quick

Whether there is a connection or not I believe it is telling NVS wants to bring a major in st this stage. We could get $30m selling Casa so to me this suggests a particularly large drilling campaign is being sought costing potentially multiples of our current market cap

https://www.lusakatimes.com/2019/02/04/mining-giant-rio-tinto-investing-in-mineral-exploration-in-zambia/

Was extended to encompass whole area in H2 2018. The 28k has been referred to whole area in previous RNS and is circa 75% complete.

That’s great thanks. Should be a good conference

With Cape Town being this week I think it’s highly likely we’ll have a new presentation showing the licence areas by Zamsort and Zaco. If we’re lucky this will include a maiden jorc using assays received to date and possibly the aerial survey &/or solo sample results for either Zamsort and zaco (soli samples won’t be completed for both in time).

I’m not sure if Indaba events are recorded and then available online. If anyone does find a copy please post!

Largest shareholder does not mean over 50%. It would be good to see shareowner structure of the company and a map showing how the licences are split. At the moment we can only speculate, however I think Chinablue found something referencing being a company our largest shareholder (and I suspect new board member) was involved in.

Also correct me if I’m wrong, but isn’t zaco in play because we don’t have the resources to fully explore the near 1000km licence? I’m more interested in what’s on the Zamsort area which it therefore suggests we will be looking to explore further. Kalaba alone will take a lot of money to drill - think we’ve drilled 5% of the surface area of the anomaly.

Thought it posted earlier in the week about new website... RNS 19th December discussed zaco and said we’re largest shareholder, but did not refer to majority. Keep up guys...

China - whilst I don’t know why production has slipped my about a month you listen to enough interviews and investor calls to know assays have been severely delayed by the lab which would have a knock on effect on the jorc. Question is whether the company will just work with what has been received to date rather than all the holes they would originally have wanted to include. I suspect that’s what they’ll have to do and wouldn’t be surprised to see it land as one of the imminent news items

Certainly makes the area more attractive for iamgold. Sure they’d prefer more resource in Senegal rather than the complications of moving ore between countries. They’re getting a nice little mining district there now

Fulmar - that’s because you and I both believe the proper re-rate would make selling/slicing at 5p a very poor call. We shouldn’t be at this SP level though, even half decent production figures should significantly increase us from where we are

The BOD really are top class. NVS I’m sure has spent more in buying shares in the company than he’s earnt in salary, this is not a lifestyle company but one in which the directors are aligned and show real confidence. Before NVS came along it was really frustrating having assets, but with no action.

You are right though only sturec is now listed as non core. It’s really a matter of priorities and resource, if we were considerably larger then I’m sure NVS would love to progress both. Casa is a damn good asset

I’d really recommend listening to both the investor calls. You should get a very good feel from them on where NVS sees the biggest potential for the company.

Other hints are

Michael foster who was the founder of Casa left the company (ARCM) in October to concentrate on his other ventures.

Don Bailey when he joined the board made comparisons between Zamsort and his old venture lionsore which sold for circa $6billion. We won’t grow Zamsort without throwing money at it.

May https://www.youtube.com/watch?v=BR_BYvFDXUQ

November https://www.youtube.com/watch?v=m0c0FpObiRg

Plant will enable some drilling, but it would take years with a couple of rigs to drill out kalaba let alone touch the other Zambia targets. There is also no chance of us being able to fund building a mine, would mean a JV with us losing control and relying on the new majority partner to proceed

To clarify current 500m by 500m has been commented as being to 80m average depth and you’ll see from drill results does average 0.04%+ cobalt