Member Info for Ella10

These warrants are spread across two different block listings.

As of 23rd Feb there were approx 79 million outstanding 3p warrants. These warrants are due to expire on 17th June. Obviously some of these warrants have been sold in the last month. There are about 54 trading days left before these warrants expire.

This mine lies between AFP and ARC minerals licence areas. It is advertised for sale on some websites. I'm not convinced it is a legitimate sale but I haven't found any significant info about it. I thought it was interesting due to it's location.

This licence area is 'between' the AFP licences that have an option with FQM and ARC's licences. Does anyone have any info on this mine? There are some internet sites advertising it for for sale but they don't appear terribly legitimate.

Hi Cygnus,
I don't think we will delineate either Ascot or Footrot. I guess the team will focus their exploration on where most value is likely to be added. I don't know if more info on Ascot or showing mineralisation at Footrot would add more value.
Thanks Howezap,
I thought Footrot got a mention, more recently, that suggested it was still a potential drill target. I am not sure when and I can't find it so perhaps it didn't.

Cygnus,
We have done the IP survey at Footrot. I did wonder if the permissions granted in October might have included some drill pads for Footrot. I also wondered if the lack of mention of drilling might mean we were putting a few holes in it. It might take a few holes to find anything meaningful. Just speculation and quite possibly unwarranted. Did anyone ask CB if we had got any permissions for Footrot?

Hi Simon,
Do you think that rumour has any links to the 17th June?

Thanks DC,
I was aware of the halt on issuing licences, although I have noticed one or two moves in the mining cadastre during the 30 days. Have you found any evidence that the moratorium has been lifted ? I had a look but couldn't find anything either suggesting an extension or confirming that it was back to business as usual.

I'm still here. It isn't that long since I posted. I haven't found any more relevant snippets of info to post and I still haven't a clue what's involved in lithium exploration. It would be good to get some news on the KCB.
Oiltap is a miss as he was good at posting info to keep discussion going. I missed all the excitement.

Is it just a coincidence, due to Misisi being in the DRC and it being a gold resource, that Directors (page 8) seem to have a Barrick Gold link?
http://racklametals.com/i/pdf/Goldenhawk7-march-2022-cp.pdf

Hi OutofLuck,
I don't expect there to be an immediate large cash element to any deal. The option payments don't appear to coincide with cash flow from the Cheyeza East plant - unless I missed that RNS?
'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.'
It will be interesting to see the structure of the settlement options. Will the other party try to maximise the number of options or go for a lower exercise price. I would expect this to be announced in the next week or so.

Hi Turtlewax,
Thanks for the response. That transcript must be worth it's weight in copper.
We're also due a six monthly return for Block A block listing, lots of news due any day.

https://www.africa-energy.com/article/zambia-first-quantum-minerals-wins-arbitration-award-against-zesco

A year ago tomorrow
'A fixed-wing airborne magnetic and radiometric geophysical survey with tighter spaced (50m) flight lines over certain target areas is being planned. This high quality survey will provide a detailed subsurface picture over the areas in question that will enable targeted follow-up deeper drilling to confirm the interpreted basin architecture and target potential mineralising traps and structures at depth.'
The progress is relentless....

Absolutely. FQM have a contract with AFP for an option on their licences. :-)

I do think it's interesting that POW haven't published the results of the option work. Core that was recovered prior to April last year was being sent for assay. I wondered if it was going to be used to generate interest in the next stage of the project. I do however think KAV have plenty to keep them busy at the moment.

I see the JLP board are talking about the zinc circuit coming online in Q3.

I guess we'll have to wait to see if the Zambia licences can outdo Casa for the number of times they get 'sold'.
What happened to the 'inevitable assay RNS' you were expecting? What about the guilty verdict? What about the jail time? What happened to the compensation? What happened to the CASA sale? What happened to the scoping study? What happened to reinstating the mining licence? What happened to recommissioning the plant? Do remind me what happened with those 500m intervals of 1% copper you were predicting?
Have a nice evening :-)

Absolutely SeisNav, ARCM the great recycler!

JV news? I guess, by your definition Sewingmachine, it is getting rather old, coming up to 2 years now...............................................