Member Info for Ella10

I am surprised we have contracted a drilling crew prior to IP survey results or assay results of phase 1. It was specifically stated that XRF wasn't being performed on later cores. Therefore, purely on historical data, assay results for hole 1 and visual inspection of later cores we have contracted 16000m of drilling. ??

This was posted on XTR site. Not sure if it's already been posted here.

https://twitter.com/ShareTalkNews/status/1386312578767499270?s=19

Hi DC,

Siege licence is at 'application validated' not 'approved for granting'. I don't think it will take as long as a totally new application but I suspect the 5-6 weeks you were referring to were from 'approved for granting' to 'active'. I have seen some other licences go through all these stages within days but I think it normally takes a lot longer.

I wonder if the deeper drilling is due to Anglo not wanting to commit to just 1 or licences in the area and it's taking time to get any additional agreements in place.

Thanks Fulmar,
Are you able to name a couple? At what point did AAL make the connections known? I had a bit of dig but didn't manage to find anything. I was wondering at what point AAL ever felt the need to make any announcements.

Is anyone aware of Anglo entering a similar agreement with any other company.

I agree 4 years is a long time. 6 months appears to be in a reasonable ballpark but it appears we were very fortunate with getting the drills in the right location and no significant delays. I assume we will end up with some short holes which will add time.
I have only been invested in CB companies for the last 9 months starting with GLR in Aug and adding XTR in early Jan. I have done well in GLR having currently reduced my holding to very little and have also got a significant paper profit with XTR having been lucky and taken some actual profit at 8.5p. But the comms on these companies suck - really admire Andrew4444s balanced view considering the frustrations he must have suffered over the years.

Anyway just off to have another look at the latest model of the Racecourse mineralisation - I've studied it multiple times since it was released in March but still find parts of it elusive.

Stevem that is exactly how I read it. He obviously reads this board and has got a bit spooked by everyone quoting his valuation (some seemingly quoting it as a fact of how much it is worth).

And we know CB ALWAYS meets his commitments on timelines.

And we know CB always his commitments on timelines.

I don't think this has already been posted. Came across it when searching for something else.

https://masterinvestor.co.uk/equities/johns-mining-journal-xtract-resources-and-solgold/

Hi CE,

I couldn't see a recent EGM. The AGM has the following statement

'Proxy figures will be displayed shortly on the Company's website, as well as a copy of this announcement, at: www.xtractresources.com '

I couldn't see them so I guess I have to take your word for the number of votes that get cast :-)

It's not next week, nor the week after but the week after that that the shares are admitted, presumably due to 14 day notice period for GM.

Iceberg,

The warrants need shareholder approval prior to issue so is this likely to keep it low key until that is complete? I assume they have sufficient shareholder votes that the meeting is only a formality.

Minxcon did a technical report on Manica for Empress:
https://www.sedar.com/

Search under company documents for Empress and Technical report.

Thanks Andrew,
There was no mention of it in the Manica update.

Hi Andrew,
I've probably missed something else here as I keep missing stuff for the historical projecrs but in August the RNS announcing the mining contract for Boa Esperanza stated
'The Boa Esperanza Agreement includes performance targets whereby the Contract Miner will be required to commission a plant with a minimum throughput of 60 tonnes per day within 2 months from the date of signing. The throughput tonnage will be increased to 120 tonnes per day within 3 months of commencing operations. '

I realise this won't get very much income but Explorator were resposible for obtaining the mining licence did that ever happen? Or did we have another RNS to state this had been canned?

Although ARCM licences in Zambia have been faffed around with over the last month or so none are in Anglo's name (at the moment). These are other LEL applications that seem to imply Anglo are upping activity in Zambia.

In the last 6-9 months Anglo have 5 or 6 new Exploration licence applications in Zambia.

Thanks CE - that's what I had missed.