Member Info for Ella10

I posted here earlier but it appears to have disappeared. DC as one of the primary researchers on here you might find it worthwhile emailing to asking how to get a copy of the map(s).

DC,
If you are interested in what the updated licence areas look like you might find it worthwhile to email asking how to get a copy of the licence maps.

Hi SeisNav,
I think it states somewhere (I was reading through some Zambia mining info earlier) that an extension past 10 years is potentially possible by agreement. At the moment I am assuming the AA deal is still on. It will be interesting to see what areas, if any, AA acquire in Zambia and from whom.

This is pure speculation but after further consideration I think the split of the LEL may be due to necessity to relinquish half the area after 10 years unless agreed otherwise. Most of the targets lie within the reduced Zamsort licence. However, I don't think Afrimin is unrelated - it may turn up some interesting info if folk were to do their own research in relation to ownership of Afrimin.

Apologies, Chihidi target should be under Zaco not Zamsort.

The following is my take on the licence/application areas. I have used the targets as shown on the map of slide 9 of Jan 2021 for this. Please feel free to point out any errors.
Zaco
Fwiji target
Part of West Lunga target
Part of Kazozu target

LEL 19906 Zamsort (reduced area)
Cheyeza East Prospect
Most of Cheyeza target
Kalaba deposit
Most/All Lumbeta target
Muswema target inc Muswema North prospect
Chihidi target
Part of Kazozu target

LEL 28700 Afrimin
Small part of Cheyeza target
Jatuma target
There is an application in for a small corner of this licence under LEL 28787 Central African Renewable Energy - this application also covers part of the Kalaba deposit at the moment.

Good spot SeisNav. After I raised the issue of the licence at the weekend I've been keeping an eye as I did not think it was just an opportunist that would immediately disappear. It only changed ylthis afternoon as I looked at the area covered by 19906 earlier today. We do need an RNS, hopefully the changes in the mining cadastre today mean we are getting close to where NvS can issue an RNS.

Longfell,
I'm afraid I don't have superior knowledge. I'm not in ARCM that long but a history of troubleshooting means I can hunt out info other folk might miss. I will have a look later and see what else I can deduce.

Looks like the LEL has been split between Afrimin and Zamsort with Zamsort retaining Cheyeza and Muswema. It would be good to know if this is for AA discussions or discussions with MM.

Hi DC,
The following covers part of PL001.
https://kalaharimetals.com/wp-content/uploads/2019/03/190305-kml-announcement-kitlanya-results-march-2019.pdf

SwanseaRich,
I agree it doesn't include Cheyeza or Muswema so hopefully there is a mininig licence apllication in progress for these. The Jersey company you found wasn't related it was Afrimin Resource Corporation so a different name. I do think the SA company is related but haven't enough detail to know how.

Thanks Longfell I had missed part of the area that has been dropped. It may be because on a renewal you need to release a certain percentage.
I have found something that suggests Afrimin Resources was a SA company that was deregistered and had an address in Sandton. Someone previously posted that NvS had an address in Sandton. It may be how they are trying to work around the issues with Mr Mushinge. I'll have a look and see if I can figure out how what ARCM resources lie within the new application area.

This is the link to the mining cadastre. Choose Zambia - tick application in the left hand menu and type in the licence no.

https://landadmin.trimble.com/cadastre-portals/

I've been having a dig around the mining cadastre. Zamsort LEL 19906 expires in Sept - it is currently in the name of Zamsort limited. There is an application in covering the same area except for the SELs and SML but is in the name of Afrimin Resources. I wonder who Afrimin Resources are. The new application is LEL 28700. This may be something that has already been discussed and I have miased it.

The independant director in the surrender of share options was Caleb Mulenga so he is the director who still holds options. I haven't figured out what this means but it is significant. Are Anglo setting up a new Zambian operation with Caleb as a director. I don't understand how his maintaining his options fits in with the new acquisition which implies that ARCM will still be operating after any deal or is this an attempt to expand Anglo's footprint to include the KCB? Anglo have poor history in Zambia if they were taking over Zambian resources they would need to be confident of good relations and I don't know enough about ARCM to Know if Caleb Mulenga fits this category.
'The Director independent of the cancellation of share options and subsequent compensation (being Caleb Mulenga), considers, having consulted with SP Angel, the Company's nominated adviser, that the cancellation of share options is fair and reasonable in so far as Arc's shareholders are concerned.'

 

Iky,
From 23rd Nov RNS
'· Detailed data interpretation is under way, utilising Spectral Geophysics, a consultancy that was involved in the discovery of the A4 Dome deposit (targeted from EM data) and the Company will announce these conclusions once known.'

Is it possible the extra funds are required due to the £3.5m cost of surrendering the share options

'In lieu of this surrender, the share option holders will be compensated in line with the Black-Scholes fair value model, using a 10-day VWAP of 6.94p through cash and / or shares to be issued at the Company's discretion to a total value of £3,474,179 ("Consideration"). It remains the Company's priority in respect of the surrender of options not to issue further shares to management thereby avoiding diluting shareholders' interests.

In order to protect the cash resources of the Company, the compensation schedule will be phased over the next 3 years at the Company's discretion ("Payment Period") and which would coincide with the expected cash flows of the Company's planned Cheyeza East plant.'

The previous quarterly update gave a target for Fair Bride production. This one gives some indication of progress but doesn't give a target for production.

Hi Gallmat
I did send an email before posting on here.

Hi Tom111,
If there are issues with the licences then surely the best time to find this is prior to the sale being finalised. There are probably simple explanations for the anomalies but they should be understood before a sale goes through. I have stated where I have observed anomalies.