Member Info for Ella10

De Beers are negotiating, with the government of Botswana, for the renewal of some items related to their diamond contracts. I read a comment on twitter today which suggested to me that Richard Hornsey is well in with Anglo American. I wonder if part of the De Beers negotiations could include Anglo investing in other exploration in Botswana. Just a thought.

Hi F79,
I'm a little surprised that you are happy with that RNS, considering your comments last week.
'Tbh I never considered that RNS to be the strategy update. I'm expecting something far more inclusive and detailed with target dates (even if in quarters), objectives, priorities, ideally budget allocations but probably not likely. Some form of risk statements and such.'

Today was just a pre strategic release warm up IMO.'

Kanye Resources was updated in Companies House on the 21st Oct 2022 to list Chuck Forrest as having resigned on the 30th June 2021. This was probably just a house keeping exercise but over a year late!

On the 20th Oct the pre-collaring of the KCB drilling was announced. We were led to believe this was to allow the prospectus to be issued without any changes.
Companies house lists Ben as having resigned from Teathers Financial PLC on 3rd Nov. The prospectus is dated 18th Nov The prospectus still lists Teathers under Ben's directorships, as it is within the last 5 years, which is correct.
Nothing incorrect or seemingly significant to KAV but it seems a little odd.

https://twitter.com/KoBold_Metals/status/1629506366971756545

I wonder if they are contemplating splitting the lithium and copper areas and selling the lithium area. I haven't looked at layout

Speculation, at the time, was that Mike Moles shares were purchased from Chuck Forrest. Chuck Forrest is another that I believe has links to Reunion Mining (and also historic links to KAV).
I think at one point last year KAV moved away from the keel and sills model only to return to it again.

HI Analytical,
Not sure if it's already been highlighted here but there's a recent presentation now available on the website.
Nice overview
https://galileoresources.com/wp-content/uploads/GLR-Presentation-Feb2023_v2.2.pdf

https://twitter.com/mofnpzambia/status/1628821783330668546

It seems that the upgrade to the tailings that Leon was referring to at that point in the presentation was through the use of higher grade ore, such as Luansobe, so nothing in that idea.

My interpretation of what Leon says at about 28mins in, is that the tailings will be upgraded to close to 2% before being transported to Roan to go through the concentrator. I don't know what this initial upgrade process is but wondered if that's a simple cheap upgrade process that could also happen on Luansobe ore. I have asked on JLP board if anyone knows the initial upgrade process that the tailings go through.

My interpretation of what Leon says at about 28m is that the tailings will be upgraded to close to 2% before being transported to Roan, to be put through the concentrator. Does anyone know what this initial upgrade process is likely to involve?

I think we are going to see an announcement on the KSZ within the next 2 weeks. A lot of folk have been itching to get back to B1 and there has been very little said about the KSZ recently. More talk of the KSZ would have kept shareholder interest, particularly after the funding so I think there may be something in the pipeline.Perhaps a JV on at least part of the area -possibly not with a major but someone like Kobold. That would perhaps account for the silence, the appointment of JB and the talk of acquisition. I think it would be positive if it does happen, I realise a lot of people will disagree.

Not what we were hoping for, but a decent update.

Worth looking at some of ENRG Elements (Kopore) recent info and earlier presentations on their tenements which are next door to KAV's.

SeisNav,
I do think the JV will happen in some form but there are obviously some things going on that we are not privy to. I get the impression that it is something the gov have influence over and considering the delay is so short one assumes they are confident of an imminent resolution. The statement you highlight is precisely the reason that I think the gov have influence over whatever the issue is - it smells of 'Zambia is the Switzerland of mining'.
'We are also pleased with the progressive reforms being undertaken by President Hakainde Hichilema's administration and the Ministry of Mines.'

When KAV announce their next target in the KSZ, it would be ideal to see the size, conductance, and chargeability of the conductor and the same for a known deposit of comparable size (possibly from Norilsk). I'm not sure if they have access to enough data but it would add some additional confidence.

The JLP strategy seems to fit well with the Zambian gov stated intent of having plants that support small scale and artisanal miners.
https://www.lusakatimes.com/2023/01/17/zambia-and-uae-sign-landmark-agreement-for-2-billion-renewable-energy-investment-2/

So from the RNS
'All substantive commercial terms of the proposed Joint Venture remain unchanged from those previously announced.'
So AA and ARC are in agreement with regard to the major JV terms that impact Arc.
Duncan says it depends on the commercial terms that they can land - so another party in the discussions have yet to agree to acceptable terms?
Kopara?
Ministry of mines - the licences or terms of the licences?
Something else with regard to the licences?
Something else???
I would guess something that the government has influence over.

The assumption that PWB helped in the financing, at a difficult time for the markets, is why I haven't been shouting about an extra mouth to feed with regard to him. I do, however, think the decision to collar 5 holes in order to support the placing was a mistake in many ways.
I have also expressed my surpise at Jeremy Brett becoming a director. I am hoping there is some significant news on the way that justifies his appointment. I haven't found him amongst the Reunion boys network.

Hi FKC,
Kansangra's are invested in Moxico Resources. I just assumed with his bio and recent appointment that the eminent Mr Bee played a role in the financing. I could quite easily be wrong.