I'm not suggesting that it won't happen but it's worth bearing in mind that due diligence and a deal still need to be signed off on. ARS announced completion of DD on what appeared to be a done deal last week...
I suppose 300m @ 5% TREO and 300m of 6% nickel, for the first hole in i8, would be a start. We can then hope that, with the additional learning , the second hole will target some more impressive results ;-).
Cattleman, You're probably already aware, as this board has some very aware posters, but the FQM annual report from 2010 has some interesting bits. It discusses FQM's activities in the first year it owned Sentinel. It's obviously a slightly different scenario as there was a loosely defined resource already in existence at Sentinel but it is interesting none the less.
Mindea are receiving approx half payment in KAV shares. The KSZ share payments are still outstanding. The annual report shows the outstanding payment to be $363k. This seems positive as the agreed SP for payment was 4.53p. Mindea have been seeing what comes out of the ground and the geologists reaction to it and it seems they are prepared to continue driling at Ditau for shares issued at the same price. I have been considering the various reasons why this might be the case 1. Mindea have seen what has come out of the ground and are happy to wait. 2. These are standard timelines for issuance of shares. 3. There is enough fat on equity payments for Mindea to be able to take some significant hits on their equity payments. 4. The agreed SP for Equity issue is being renegotiated - this seems unlikely considering we were told Ditau was agreed under a new contract for similar conditions. 5. There may be a related party involved - not quite sure of my thought process here...
JAN had their annual results today. ARC results are likely to be issued in the next two days. I note JAN's results featured some share options that were surrendered earlier this year - not quite the same scale as ARC's last year but interesting none the less.
Hi Metalhead, I agree it sounds like 'we think that we have found some level of precious metal' but they daren't say that. I know precious metals heve been discussed here multiple times but I tend to put more emphasis on info from RNS rather than interviews, hence my post. It does sound promising. Hi JP2000, From POW RNS 'The target conforms to an idealised model for a carbonatite. The composition of this is now being tested by drillhole DITDD006, planned to a depth of 400m.' I assume REEs are being targeted by the current drill hole.
An extract from the annual report 'Kavango’s original exploration model at Ditau focussed on 12 geophysical targets, which the Company believed represented potential “ring structures” and could be prospective for rare earth elements and base metals. As with the KSZ, the Ditau PLs are covered by relatively thick sand cover that obscures the regional geology from view. As such the current Ditau drill programme is expected to provide important physical geological data to guide future exploration. To this end, and as of writing this report, the Company has already noted the precious metal potential at the i10 target and is actively pursuing this as an exploration lead.'
Thanks FKC, BT stated 1600m had been drilled so far at Ditau which means DITDD006 was at over 500m last night. I interpreted the following statement from BT in the last RNS to mean intrusive rock had already been recovered form DITDD006 'Kavango has proven the effectiveness of the CSAMT technique at Ditau. ' It's possible that I have put too much emphasis on the word proven.
The 10m warrants relate to the Feb 2019 placing. It looks like 10m of those shares were issued late. It appears that Remy may have taken part in that placing prior to becoming a director. However I assume he isn't part of the 10m warrants that expire next week. The other 63m warrants expired in Feb. The timing of the take up of the additional 10m shares is interesting as are TR-1s at that time.
Hi Andrew, There appear to be 2 different alluvial contracts? From the annual report 'On 8 December 2020, the Company announced that it had agreed an alluvial processing agreement with Omnia Mining Limitada over the Company’s existing adjacent licence 7569L at Manica. The contract covers an area of 1,727 hectares.'