Member Info for Ella10

Hi JP,
How did you deduce the following?
'In 2-4 weeks KAV commences KSZ drilling'

Perhaps the acquisition(s) will be announced on Monday and today's SP will be relevant.

The annual report was issued 2 months earlier than required. Why?

I guess they are going to give Kansagra's an opportunity double their holding at a 50% (or more) discount before announcing drilling or aby more positive news.

That may explain why KAV are not in a hurry. Interesting!

It looks like the new applications at Ditau have been granted.
I wonder if there's any chance they've seen some economic grades from drill core in the district but nit necessarily on KAV's licences? Ben did seem quite convinced of district scale, but it's difficult to know if he is being his overenthusiastic self.

Admin expenses for 2021 were £5.4m.
Deleting posts or making them selectively visible just because they express a different sentiment on the share is likely to be considered market abuse. I hope that Nick and Sasha realise this and ensure that this practice stops.

I suspect we are entering another long period of silence. Hundreds of licences ahead in the queue and that is only for cadastre approvals. The list of conditions precedent weren't given. Yesterdays RNS was clutching at straws. Perhaps one of the conditions precedent is that ARC drill and find some substantial intercepts? Or perhaps they need to reassay some drill core to prove grades? Or... who knows????

.

How long have the Mopani licences been 'pending transfer'? I think it's about 2 weeks since I noticed it, but they could have been in that state for much longer.

Agreed Overtrader,
FKC I agree re the ownership of the core but any historic exploration data from De Beers could be useful. It's unlikely they would release it but with their current negotiations with Botswana it could help their cause and Peter presumably has Anglo links, including from Reunion Mining.

I think it's excellent that they are able to make such good use of the historic data, although this could perhaps have happened sooner. I wonder what their meeting in SA was about. I don't think it would be usual for De Beers to share exploration data but perhaps it would earn them some credit from Botswana?
I note some historic holes by De Beers in the southern KSZ area, seem to be mostly very shallow, but there are also two other diamond companies with licence areas overlapping KAV.

JP,
I don't pretend to have ANY geological knowledge but I thought the fact that KAV tweets mentioned almandine with respect to gold bearing ore, the fact that the De Beers drill core is very tough to saw and the fact that almandine is used as an abrasive due to it's hardness might be related.
My rose tinted spectacles went AWOL some years ago so this isn't an attemp at a ramp!
Dr Runner - nice try :-).

Hi JP,
BOTG was quite interesting. I thought this tweet
https://twitter.com/KavangoRes/status/1638093623173447680
and the tweet about KAV having gone through so many saw blades (for what I suspect is a relatively short zone of interest) might suggest that De Beers also have almandine in the drill core but I must admit that I have no idea how tough a BIF is to saw through. I find it a bit odd that KAV haven't released a full log of the drill core but I have some thoughts on that which are l probably best not shared.
Have you had a look through the database?

Hi Jarv,
Prior to FQM acquiring Kalumbila a resource had already been identified and FQM still drilled over 100,000m in the year after acquiring it. Assuming Anglo/ARC are fortunate enough to be able to go fairly quickly to drilling out a resource, then I would have thought an equal amount of drilling would be reasonable to get to a tier 1. It may be a bit optimistic but I'm guessing that is probably the right order of magnitude to be covered by the committed exploration expenditure (when other costs are accounted for). Therefore ARC would probably have to fund, their share, of the other activities required to support a decision to mine once a resource was defined and the development of the mine itself. I'm not suggesting it couldn't be funded but it is likely to entail dilution, so to extrapolate current shares in issue to ARC's share of £1bn mine seems be optimistic. Obviously there may be multiple deposits (or none) in which case there are likely to be various options to ensure ARC is able to fund their share and retain a decent percentage.
The cash payments do seem excellent but ARC must be running on fumes at the moment and there will be bills to pay.

It seems that Almandine, due to their hardness, are used for grinding. Let's hope we have some gold filled almandine.

Hi Battery,
Anglo are spending up to 88.5m US dollars to acquire up to 70% of ARCS Zambia assets, which gives some indication of CURRENT value. I agree a tier 1 cu mine could be worth £1bn BUT ARC would hold over 1/5 th of the asset and also have to find funds to develop a mine. There is certainly potential upside here but I am referring to value on signature.

An 8p share price would give an MCAP of £100m for approx 1/5th share of the licence, seems optimistic.

Tough to cut, so I guess it's not solid gold, but a good sign none the less?
https://twitter.com/KavangoRes/status/1641707092728856576

Sounds very close. Looking forward to seeing the included licence areas.