Member Info for Ella10

The KCB drilling hasn't gone to plan both in terms if interpretation of the data and actual physical drilling. I suspect from that the big money has been disappointed that they haven't got an immediate discovery from the pre collared, ready to go drills. I assume there is pressure on KAV to up their game. Even though the raise was at a poor SP as far as LTH are concerned a focus on results should provide benefit for all.
I assume that , even though the targets are completely different, there will be some read across of lessons from the KCB, both in terms of data interpretation and the physical drilling. Perhaps they need some time to ensure

Yep, as far as I can tell it was the forerunner to LELs and appears to have some very slightly different renewal terms but I'm not sure if it's totally historic. There are both LELs and LPLs in the bidding area but perhaps they weren't terribly strict provided it was assigned as a bidding area (search on 'ministry').

This doesn't impact ARCM but I'm curious. Can anyone explain why some of the applications are LPL and some LEL?

Thanks both,
Jonah, I assume the RNS you refer to was prior to Zesco having to impact the mines 'guaranteed supply'?

Any more news on how JLP is coping with the load shedding?

Anglo Exploration Zambia is a long standing company, wholly owned by Anglo which holds many interests. The licence may get moved into a JV company or perhaps any deal will be deemed to compensate ARCM for the loss of that licence. I'm not expecting a complete expect a buyout. I assume that JV company will hold the Zaco renewal licence and the rest of Handa. I am watching Afrimin with interest to see if Prudence appears.

I cannot see licences in Anglo name will be held by the JV. That company has other interests. The anglo licence kav be moved into the JV. The Handa licence hadn't expired but needed an update. Some will be surprised to learn the I am watching Afrimin VERY closely. What will a new application encompass?

Anglo got the

I assume that was 'how'Nglo go the area. Handa now being updated

And more changes...

Resistivity difference between

Would we expect mineralisation at a resistivity high? I realise hole 5 hit brecciation and shearing.
'With KCBRD006, the Company is testing for favourable host geology associated with resistivity highs related to this interpreted Ngwako Pan horizon.'
I realise the resistivity between the D'kar and Ngwako Pan will be used for determining where the contact is expected.

ARC have no licences 'ready to go'. No other applications are currently showing. Afrimin, Handa and Zaco Renewal area are all historical ARC licence areas. Handa hasn't expired but appears to need an update.

Assuming the deal broadly resembles that outlined in the May RNS then one has to assume Anglo have access to data that means they expect to find some large mineral deposits on the licences ,obviously a very significant plus.
ARC would be looking at about a 21% share (to allow for Kopara).
Medium term dilution would be minimal, but need to consider the high admin costs ARC have, current liabilities and Rothschilds success fee. To help offset the latter there are Tingo shares and hopefully the Canadian shares due for CASA.

https://www.timeslive.co.za/news/africa/2023-01-11-zambia-extends-load-shedding-to-mines/

Aimtodeath,
I generally agree with the spirit of your post but diagree with the intent of the following statement
'It would hardly be in the spirit of extensions to the JV for AA to take something of ARC's.'
It would be totally beyond belief if after spending a couple of years battling court cases with directors that ARC then proceed to trust Anglo to act in the spirit of any agreement and in the best interest of ARC shareholders, without adequate legal documents being signed. I don't actually expect NVS or Rothschild would leave themselves in that position, hence my assumption that everything is clearly documented before any changes that are under ARC's control occur.

You may wish to reread my post and the post previous to it.

'Therefore there is no JV company so to speak until the deal is signed and as such no way an application can be made via a JV company that doesn't exist '
It would obviously be prudent for the deal to be signed before any licence changes occur.

Cheers, I thought I had missed some additional info.

Hi JP,
Where did you get the info on the EM on PL082 being incorrect?