Member Info for Ella10

The RNS of 14th Apr 2020 and 13 Sept 2018 are relevant here. The following is the editor's note from the Apr 2020 RNS:
"Pursuant to the Binding Heads of Terms (announced 13 September 2018)  and paragraph 13.2  therein, the Company exercised its right,  at its sole election and risk, to proceed  to the completion of the acquisition of the Kabwe Residual Rights (Large Scale Mining Licence 6990-HQ-LML) , including the Ka****u Zinc willemite exploration prospect (“Ka****u Zinc”) and the remaining 15% of the shares, that Galileo currently did not hold in Enviro Zambia Limited (the “Sale Shares”) (together the “Acquisition).  As a result of the Acquisition, Galileo increased its interest in Enviro Zambia Limited from 85% to 100%. Enviro Zambia Limited owns 95% of Enviro Processing Zambia Limited. The above mentioned Arrangement  (subject to Zambian regulatory approval ) will eliminate the need to transfer Star Zinc’s large-scale exploration licence 19653-HQ-LEL and the Kabwe Residual Rights (Large Scale Mining Licence 6990-HQ-LML), including the Ka****u Zinc from the current title holder Enviro Processing Ltd (“EPL”), a subsidiary of EML.

Completion of this Acquisition will add substantially to the Company’s prospective zinc metal base and increased its beneficial interest to 95%  in its advanced Star Zinc project. The Ka****u Zinc mineralisation has the added benefit of vanadium, which will add significant value to the overall metal package.  Historical evidence has indicated large tracts of willemite together with potential for sulphides and that the  Ka****u concession is larger than Star Zinc. The Directors consider its  proximity to the Kabwe refinery adds potentially immense value to the  acquisition and look forward to defining the quantum of this prospective deposit."

It is also worth looking in the mining cadastre at licences 27653-HQ-AMR and 19653-HQ-LEL. JLP annual report section 27.2 deals with transfer of EPL to JLP.

JDau,

Read the thread 'Star Zinc?'

I suggest you read the thread titled 'Star Zinc?', do your own research on the project and come to your own conclusions

It would be nice to know if any of the first 3 drill holes go near where these lovely gold intercepts were found.

"Hole BRDD-21-003, the third hole of the Phase One Drilling Programme at the Racecourse Mineral Resource on the Bushranger Project, aims to test the width and grade of the porphyry mineralisation higher in the deposit than the previous two holes in order to assist in defining the 3-dimensional shape and orientation of the porphyry system. The hole is being drilled at -60 degrees towards the north-northwest and is currently at a depth of 310m within mixed sediments exhibiting albite-biotite alteration, with increasing disseminated and vein-hosted sulphides in the form of sphalerite and pyrite-pyrrhotite."

Is it possible that 'higher in the deposit' is referring ro further NW and they are trying to determine how far it goes in thaydirection and if it is tabular in shape.

Hole 1 started pretty high in the deposit so I'm not sure how to interpret the phrase higher in the deposit.

It is from the RNS of 13th Aug 2020.

This is an extract from an Align Research note. I have seen no other refererence to this level of gold.

"A particular interest focus of the forthcoming drilling programme will be the zones of secondary gold enhancement - where up to 6m @ 2.5g/t Au and 1m @ 11.1g/t Au was encountered by previous drilling within the wide copper-gold mineralised intervals."

DC
I can see a lot of sense in your 2 posts but I find it hard to believe that someone can apply for a mining licence for an area that someone else has the exploration rights for. That is why I thought JLP would be involved in the mining process. It may just be that EPL need to give permission.

Billy,
I think you could make a very useful contribution to this BB if you could get CB to clear this up and report back when there is progress.

I am hoping we will get an RNS within the next couple of days and that he is just trying to get to a suitable point to announce the strategy ( although we are not necessarily going to be given all the detail).

See section 27.2 of JLP annual report on acqusition of EML and GLRs statement in December about the transfer that they were no longer doing. This has been discussed multiple times here. This is why I was not happy when the transfers were not going ahead. I think GLR will get their cut but that is why I said I THINK it is unlikely to be quite as large as originally thought.

JLP now own the Star Zinc and Ka****u licences.

Westlad,

It worth reading the previous posts of Jammer1 on this board. It really helped me gain some understanding of this convoluted transfer.

And thanks to Jammer1 for assistance in unravelling current transfer of ownership of Star Zinc and Ka****u licences some time ago.

DC,
I think you have a few more believers now :-)
They just need to catch up on the convoluted story here....

Westlad,
the large scale exploration licence was transferred from BMR to JLP (via EPl ownership). GLR does not have the large scale exploration licence but have "recognised" rights to it.

Westlad,
I suspect it may be little more complicated than that and perhaps Zopco or JLP have the some sort of agreement for resource in the ground but that is pure guesswork.

Westlad,

It seems someone has permission to mine our zinc. I'm assuming we will get some money for it so I see that as good news. What are your concerns - I assume you looked at the report I pointed to earlier and are happy this is the location of our zinc resource.

And Mr Bird has notice to get a really snazzy RNS drafted....