Member Info for Ella10

If it wasn't until drill 3 that they got the info that they had hoped to get from drill 1. When you look at the RNS of 23rd Feb it lays out the various zones. It would have gone through the red area shown on the on the bottom of the survey on line 11700N (I think). It would be good to see a diagram with our current drill results along with any historic results and an explanation of where the potential lies in relation to the info available. Of course if the assay results can be released tomorrow showing greater than 0.3% cu along all mineralised sections then the additional info would be just a nice to have.

Hi Andrew,
Interesting info. He says it costs on average 4c to to delineate a measured and indicate lb so surely, particularly in the current market, the value must be significantly higher than the cost to find it.

Thanks JDau I assume that there exists a cross section diagram similar to the long section diagram but the coss section hasn't been released.

Thanks Andrew - now feeling really clever - NOT!!
:-).

Interestingly from the diagram names in that RNS it was originally targeted for Friday 14th May...

Yeah Steve it doesn't work for me either but it does work if I paste it into my browser- no idea why. It's the diagram from the IP RNS.

After all the negative thoughts of yesterday I came across the Stavely project. There's quite a lot of interesting data on their site and ended the day on a positive dreaming of grades like that. Perhaps there is a very slim chance the grades needed to be rechecked due to their higher values.
Does anyone know what the cross section shown in the diagram below is? I don't think I've come across it so wondered if it was a cross section showing results of holes 2,3 and 4 - yet to be seen by us PIs.
http://www.rns-pdf.londonstockexchange.com/rns/7490Y_2-2021-5-14.pdf.

https://www.stavely.com.au/stavely-project

Thanks all - agreed the licence could be in the process of being transferred but I would have expected to see either an 'application' or a 'pending transfer' in the mining cadastre. Kalaba didn't appear to get a mention in the IC but I may well be jumping to conclusions. I think most of red tape will have been dealt with before we took this step. I do agree the larger the organisation the more unwieldy and slower it tends to be. The very large scale survey and deeper drilling doesn't fit well for my sale theory.

Am I the only one that thinks the change to the Kalaba licence signifies that the deal is done?

The area of the Kalaba mine is no longer a mine but does reside within the Kalaba LEL. I am assuming Handa belongs to Zamsort as otherwise NVS would have had to tell us we no longer own the licence to the majority of our prospects. We surely wouldn't have relinquished the Kalaba mining licence if a deal hadn't been agreed?

It was suggested that the IP survey was expected to go deeper than 1000m. Results show 800m of data.

I'm guessing there are 4 types of LTH here
Optimistic, Pessimistic , Realistic and Insane.
Where insane could be reinterpreted as observing the same thing over and over and expecting a different outcome. Here's hoping the optimistics are correct.

Aprogerson,
The Kalaba mining licence has 'disappeared'. It may just be temporary although I suspect it deliberately wasn't mentioned by name in the investor call.

Aprogerson,
The Kalaba mining licence has 'disappeared'. It may just be temporary although I suspect it deliberately wasn't mentioned by name in the investor call.

Hi Steve,
I haven't been in touch with them.

3CB,
I am probably more sceptical about them than you but in the past when several investors contacted them to raise an issue there was action taken and the info was released to the market within a few days.

It is up to the NOMAD to ensure that CB is aware of his responsibilities in relation to releasing info to the market. They have acted in the past when potential issues have been highlighted.

Really worth listening to this from just before 6mins we're just waiting for the perfect model and the gold grades
https://www.share-talk.com/xtract-resources-plc-update-with-colin-bird-executive-chairman-xtr-l-interview/#gs.173nti

SeisNav,
I assume any new mine will be some time away. I'm hoping the lack of mining licence is to allow exploration to continue without pressure to be seen to be mining. I don't think ARCM would have relinquished a licence without firm commitments and NVS would have had to divulge the licence had been revoked if that were the case. The size of the new survey screams AA scale (thanks for previous link). I think we are selling Handa rather than a JV but I haven't got all the pieces of the jigsaw to fit yet.