Member Info for Ella10

For Block A shares admitted in Sept 2020
https://www.lse.co.uk/rns/ARCM/block-admission-application-f6aglurblxl0s2k.html

The Count posted this elsewhere recently. It is interesting to see the progress on the Rockley tenements. Their recent sampling area appears to be next to the XTR licence. It will be interesting to follow their progress. They use Racecourse closology in a similar way that XTR uses Cadia.
https://wcsecure.weblink.com.au/clients/legacyminerals/headline.aspx?headlineid=21366587

Is it possible that the cake is about to get some fancy gold leaf decoration?

Hi MM,
The slides I highlighted back up the following statement, about previous mineralisation discoveries, from the Nov RNS.
'Holes on all licences were primarily targeted at testing the interpreted D'kar Fm/Ngwako Pan Fm contact, where copper mineralisation is typically found at previously discovered copper deposits in the KCB. Most of the holes were successful in intersecting the target contact zone'
Obviously this is no guarantee that our licences are host to major copper deposits, but it is a good start.

www.businesslive.co.za/amp/bd/world/africa/2022-04-06-britains-moxico-resources-plans-100m-expansion-of-copper-mine-in-zambia/

Hi MinorMiner,
I'm not sure what you want exactly but slide 13 and 27 here give some info on the Khoemacau targets. I realise that it's not Sandfire's dome but might give you some info.
https://www.khoemacau.com/news-media/presentations

Hi Steve,
I hadn't seen your post before I posted mine.

Thanks Andy,
So we might get the IP survey and the additional drill locations in another nice RNS shortly - similar to October.

Brilliant drill results and a statement that they are going for an inferred resource at Ascot.

https://www.sandfire.com.au/site/PDF/445d5597-c51c-4a77-93cc-f6c814bef7aa/MotheoCopperMinePictorialUpdate

There's certainly been a rapid rate of progress here
https://www.sandfire.com.au/site/PDF/445d5597-c51c-4a77-93cc-f6c814bef7aa/MotheoCopperMinePictorialUpdate

Mindea agreed to accept half payment for the KSZ in KAV shares at 4.53p. These still don't appear to have been issued.
https://www.lse.co.uk/rns/KAV/ksz-hu****si-drilling-to-commence-in-june-ydk7modoafp697r.html
I thought the shares would have been issued once the KSZ drill was complete.

The presentation is here.
https://www.khoemacau.com/news-media/presentations
Slide 27 shows Banana Peel and Zone 9 which are adjacent to one of the Alvis tenements.

Some interesting bits in this presentation. Slide 27 showing Banana Peel and some Zone 9 results is relevant.
https://www.khoemacau.com/component/jdownloads/?task=download.send&id=1&catid=3&m=0&Itemid=101

The following is an interesting discussion on mineral resource estimation
https://www.micon-international.com/continuity-mineral-resource-estimation

I have been trying to understand the options settlement. 3,000,000 options with a strike price of 5p are valued at $200,000. This means each 2 year option is valued at 5p. To me this appears to be a relatively high valuation. I have no knowledge of how to value options but I have used Professor Google. I am guessing that volatility is what has driven a relatively high valuation
Does anyone know how volatility of an option is calculated (using Black Scholes)? What period does it get calculated over (a day, a year, 2 years?).

Hi DC,
Sounds great - I haven't checked any of the numbers. I note you can turn zinc to copper. Is it possible to turn pyrite to gold? ;-)

Do people think we will produce a resource statement for Ascot? I'm thinking we might produce a JORC compliant exploration target statement for anything except Racecourse. My understanding of an Exploration Target is that it would fulfil CB's stated intent of using tonnes of ore to come up with an estimate and document all the supporting evidence that there is to support the estimate. My current view is that we will have a resource for Racecourse but any other targets will be documented as Exploration Targets. Looking at some other SP responses to releasing an Exploration Target estimate then XTR SP could benefit significantly if they had sufficient evidence to release a reasonable Exploration Target for Ascot and any other targets.
I'm not sure how well a porphyry style resource lends Itself to producing an Exploration Target estimate that would have any degree of confidence.

Hi Kully,
If the reference to multi IDs is intended for me then you are way off the mark:-).

Thanks Turtlewax,
I must admit that I didn't check this morning. I did notice someone was very anxious when I posted the original comment about the compulsory strike-off. The changes since their previous years accounts are certainly Interesting. I haven't checked all their filings but I am assuming that the compulsory strike-off will now be cancelled.