Member Info for Ella10

Hi Worzel,
The exercise price of the options is 5p and 7.5p but does require a higher share price before they can be exercised.

This guy presumably has close links with Michael Foster having worked for Reunion Mining and CASA Mining.
More options but no idea how many.
I'm not fond of this statement
'The Options will be granted on these terms on the day Mr Grist's employment begins, or, if later, when there is sufficient headroom within the Company's limit for executive options of ten per cent of the issued share capital.'

KAV need to issue a statement on outstanding warrants and options. The annual report and the prospectus issued last year didn't appear to align and their website isn't kept up to date.

Has anyone considered how lowering the cut-off grade impacts the valuation. The increase in copper price might mean we can lower the cut-off grade to 0.15% due to that now being an economic grade to mine. This lower cut-off might mean we have 30% more contained copper but will that additional copper really mean a 30% increase in value? The contained copper is important but the grades also have a significant impact. I haven't figured out if the cut-off is important in it's own right or only in relation to how it impacts grade distribution.

Thanks Rocktapper - that answered my uncertainty with regard to your previous post. I also wondered what made that targeted anomaly at Cheyeza stand out considering the seemingly slightly lower SC:CU ratio than could have been targeted elsewhere.

Hi Rocktapper,
I don't think I appreciate your thoughts when you state
'mineralisation being of a different nature to that found elsewhere.'
Any chance you can expand on your thinking?

I agree, I think 13 was positive as it did report copper mineralisation in what I believe was the SE anomaly. If hole 25 returns decent mineralisation it would be good if the RNS includes a pic or 2.

Hi MontyFino,
You can see from this map that hole 13 went into the area covered by the SE anomaly
http://www.rns-pdf.londonstockexchange.com/rns/8649O_3-2021-10-12.pdf

They have hit some weak mineralisation so hopefully the later holes will return better grades.

Hi APR,
The Kopore ASX announcement clearly states Kopore do have a free carry
'Under the agreement, Kopore is free carried to Bankable Feasibility Study on
the Virgo Project and Arc has agreed to spend an average of a minimum of
US$200,000 per year on exploration drilling and resources definition on the
Licences over any rolling three-year period prior to Final Investment Decision
(“FID”). FID is defined as “subsequent to a successful bankable feasibility
study being undertaken by Arc with regards to the Licences, the decision of
Arc's board of directors to resolve to: fund the capital expenditure required to
commence construction; and commence construction, on any one or more of
the Licences”.'

Sorry to disappoint but my Italian is non-existent :-).

I suspect some selling is due to the results of hole 13.
Looking at the drill positions within IP anomaly and the following statement within the 2nd Sept RNS I think the end of hole 13 hit the SE anomaly
'The second rig at Bushranger has completed hole BRDD-21-013 within the south-eastern part of the conceptual open pit. The hole was collared at -50 degrees drilling towards the northeast and progressed to a final depth of 855.5m. The main mineralised target zone was intersected at about 84m downhole depth and ran through intervals of moderate to strongly developed copper mineralisation to about 389m depth. After passing through a zone of unaltered and unmineralised black shales, the hole hit a further deep zone of weak potassic alteration with pyrrhotite, pyrite and associated chalcopyrite copper mineralisation at around 800m. '
The mineralisation at the end of hole 13 obviously wasn't above the cut-off but I am still holding out hope to holes 14 and 25. It appears from hole 13 and 14 visuals that there is some copper mineralisation in the SE anomaly .Hopefully we hit some better grades with hole 14 and 25.

Hi Lantier,
ARC's option to purchase the remaining 25% IS mentioned in the RNS whereas Kopore's free carry isn't.

Hi CapGrowth,
Kopore found their 25% 'free carry' worthy of print
https://www.investi.com.au/api/announcements/kmt/e3440b0a-a45.pdf

The RNS doesn't seem mention the 'free carry' that Kopore have announced that they have on their remaining 25%.

Hi Teaye,
Kopore have limited funds in the bank as per their recent ASX announcements so expect to see a fair few of these additional 35m shares being sold. That won't help the SP. I'm also expecting Fwiji assays now that this deal has been completed.

Hi SeisNav,
Those filters are a pain the way they always break. Even you must be disappointed at the rate of drilling here, considering the fully funded placing earlier in the year for the expanded drilling.

Hi Fulmar,
They'll have to do more than lend Zamsort/Handa money to make it economical to mine down to 275m to recover a single MASSIVE COPPER SULPHIDE hit that assayed 4.3m at 0.59% copper.
Any thoughts on the chances of more massive copper sulphides before the rainy season stops play in a couple of weeks?

Caddy,
The extreme fishy smell started when NVS and co surrendered their share options. It might be time for shareholders to look for some answers!? With the potential for another 40m shares being issued in the next few days and immediately being sold the SP prospect doesn't look great.

...

A new LEL application by Siege has appeared this morning. Siege now have 3 applications in, a small scale mining licence over Star Zinc, a small scale exploration licence in the Ka****u area and a large scale exploration licence in the Ka****u area. Galileo have an application in for a small scale exploration licence on th Ka****u area. Something is definitely happening even if it is only in the mining cadastre!

Hi,
Has there been any mention of the sable zinc circuit recently? I don't follow this share closely and I haven't seen any updates. Thanks for any info.

Perhaps John Meyer could produce a research note covering the small scale production, how much additional drilling is required, why we've moved from Kalaba oxides to Kalaba sulphides, the timeline involved in getting it commissioned and the FCF it would generate. I think that would make a great read ;-).