Member Info for Ella10

Cyberiachas,
I am not currently a fan of CB comms due to contradictory comms in another company. However, I'm not sure he over promised on grades here. I can't recall what drills he was particularly excited about the core for. I listened to the interview for the completion of hole 1 again and he seemed excited about the length of mineralisation rather than the core itself. He may have said something in earlier interviews for hole 1 or perhaps it was for some of the later drill cores? I can't recall and there are that many interviews that I'm not going through them all again. Perhaps we have some pleasant surprises to come with hole 2 or hole 3 assay results.

Not sure but trying to match map coordinates for PL162/2017 don't seem to tie up. As far as I can tell the coordinates on the Kopore survey map aren't correct so maybe not worth giving it too much credit. I could have made a mistake but I don't think both X and Y coordinates should end with 'N'.

Hi DC,
It looks from 162/2017 and the map you've drawn that the area of survey on 162/2017 is next to PL40. The following show the survey info
See slide 9 here:
https://www.investi.com.au/api/announcements/kmt/a858b189-395.pdf
And slide 5 here
https://www.investi.com.au/api/announcements/kmt/c27845f3-dd7.pdf

I see ARC minerals are buying 2 licences 'Virgo Prospects' in this area from Kopore Metals.

http://www.rns-pdf.londonstockexchange.com/rns/3027T_1-2021-3-24.pdf

Kopore currently have a trading halt in place - from today to possibly Friday awaiting an announcement. I don't know what that suggests but it appears significant.

I found slide 25 of the following presentation interesting. It shows some of the Cadia Ridgeway drill results together with the alteration zones. It only gives a few drill results but with my limited knowledge I found it interesting.
https://www.kincoracopper.com/media/downloads/presentations/corporate-presentation-1-20-2021.pdf

Hi Gixxer,

I didn't hear the interview - Is it Alistair Ford you were thinking of? He received some if the recent share options so I guess he is still involved.

Having considered the evidence I think hole 1 assay results were received before hole 5 update. My reasoning for this is that hole 5 update gives very little detail on mineralisation - I think this is partly due to the difficulty they had trying to present hole 1 assay results. The less detail in the RNS for hole 5 means they have more scope for presenting the assay results when the time comes. I also think hole 6 delay is partly at least due to digesting the assay results and figuring out what the RNS should say. Could we see hole 2 assay results before the end of the week.

CB broached the issue of timescales in his interview with the most realistic view on it yet. I suspect a greater than 3 month wait for a full understanding is a large factor in the current SP.

Hi Reasonman,
The assay results for hole 1 may well have been built into the SP. Despite me very definitely not being a fan of CB comms at the moment I do think we may get better grades from holes 2 and 3. It would be good if he could give a bit more of a breakdown of the grade but having committed to 905m of mineralisation perhaps he had limited options. I wonder how hole 6 is going.
Are you by any chance related to another poster on this board - there is a familiar sound to your post?

O&W
I was looking into the Zambian assets at the weekend. I couldn't get a clear picture of the rights to Eureka. The July 2020 presentation stated 'Xtract has option to acquire initial 50% interest in project' - not sure how they acquire this.
1600m of phase 2 drilling and any costs for the open pit mine contractor would appear to be what is required to meet current expectations at Eureka.

I managed to find the resource in the mining cadastre using the flooded pit as a landmark. Looks like there is an application for a mineral processing licence MPL 24982 which was submitted in 2019.

I'm trying to get an understanding of Kalengwa. LEL 24401 is the exploration licence covering Kalengwa. Is there anything that shows the location of the various resources within the LEL.

The July 2020 presentation states 'Xtract has option to acquire initial 50% interest in the project.' Is there some more up to date info anywhere - I skimmed the recent RNS. Does anyone know the current status of the rights to Eureka. The licence is currently registered to Falcon mineral processing LTD.

Thanks LittleWing,

I previously esponded to the wrong post. I found this interesting and it was also interesting to look at Kodiak Copper news releases containing their later drill results.

Thanks H202,
I found it interesting and was also interesting to look at Kodiak Copper news releases containing their later drill results.

Caterham7,
I would be interested to hear your views as a geo on what we might be looking at from the info in the RNSs so far. Do you think the gold contribution is likely to increase?

Both the RNS and the interview stressed the presence of molybdenum. From the RNS
'The occurrence of molybdenum values in BRDD-20-001 ranging up to 95.2ppm throughout the mineralised interval provides further indications of an extensive porphyry system in the area'
Even though it won't necessarily add a financial credit to the resource it was still emphasised as significant. We know we have decent sized system so is there more significance to the presence of molybdenum.

Hi Phoenix,
There was a seperate SFR announcement of share issues which corresponds to TIRs selling their licences. The original SFR share issue suggests either a change or an additional deal with GLR or another company for Botswana licences

Hole 6 is not very advanced. I can understand that analysing the assay results and prepping for the RNS release will have taken up quite a bit of the geos time. The drill team have been going continuously for a significant period so probably needed to catch their breath. Is it possible that some of the 'major copper companies' have visited site and that has added to hole 6 delays?
Will be interesting to see a plan for phase 2 - presumably they will need a week or two to figure out what this might consist of.