Member Info for FunkySausage

The Luansobe deposit occurs within quartzites in the same host sequence as Mufulira, also on the SW limb of the Mufulira Syncline, but 6 km to the NW. Resources are quoted at 8.4 Mt @ 1.6% Cu 0.13% Co (Selley et al, 2005), or 5.6 Mt @ 1.58% Cu Total, 0.76% Cu Acid Soluble (Wimberley et al., 2011 for Mopani Mines).
The host sequence comprises a 0 to 70 m thick Footwall Formation composed predominantly of grits and poorly bedded conglomerates, with silty partings. The grits grade up into feldspathic to argillaceous quartzite. The thickness varies with the basement topography (Groen, 1961).
The overlying Ore Formation is 50 to 110 m thick, and commences with the 15 to 30 m thick E Quartzite, which is moderately well-bedded, feldspathic and argillaceous, grading to a fine to medium grained and gritty variety, and containing beds of grit, conglomerate and sandstone, with argillaceous partings. The overlying D Quartzite has a gradational contact, and is 6 to 8 m thick. It comprises massive to distinctly bedded, light grey, gritty and feldspathic quartzite, grading upwards into a greywacke. The succeeding C Quartzite is similar to the underlying D, but is locally dark, due to minor carbonaceous material and pyrite. This is overlain by a 1.5 m dolomitic shale, termed the "Mudseam", followed by the 9 to 20 m thick B Quartzite, which is similar to the C and D Quartzites, and is, in turn, overlain by the 8 to 20 m thick Lower Dolomite and Shale. The formation is capped by the 6 to 14 m thick A Quartzite, similar to the other quartzites, although it contains numerous cavities filled with anhydrite.
The Hangingwall Formation is made up of the 20 to 33 m thick, massive to poorly bedded Argillaceous Quartzite, comprising an argillaceous quartzite to sandy argillite, with shale partings, a local pink dolostone and an uppermost 5 m of siltstone with argillite partings. The overlying 5 to 10 m thick, light grey Marker Grit is a pitted, glassy feldspathic quartzite with quartz and feldspar grit, followed by the 15 to 27 m thick, massive to poorly bedded, grey, Sandy Argillite, and then the 25 m thick, light grey, poorly bedded and hard Glassy Quartzite (Groen, 1961).
Sulphide mineralisation occurs as pyrite, chalcopyrite, bornite, chalcocite and sphalerite. Pyrite is dominant from the Mudseam to the top of the A Quartzite. Pyrite with chalcopyrite and local chalcocite are found in the C Quartzite; chalcopyrite, bornite and chalcocite in the D Quartzite, and only chalcocite in the E Quartzite (Groen, 1961).

Made it easy for everyone

Portergeo.com.au

Just hit the top click n search for lunasobe next, previously posted by funky

It's about 65mill a yr to GLR before expenses, over 10 yrs 650mill

Yea he has, lets drill it out for max return while we mine the open pit, the open pit gives us the money to also drill out the Nickel and the lithium targets as well, won't be long for the JORC and the strip n ship tenders

Sounds like their buying their time before they buy it, probably waiting for a retreat in copper prices, they will move on it in the next yr or so no doubt, after that the window would have closed anyway

Production is at 1600, flaring can release 300-600 bopd more, fully unrestricted, " to see what they can do " for the rest of the Wells for the data for the das system, so maybe a extra 300

He sounds like Colombo if you ask me

Yea and ferber yellow, maybe they got them mixed up

Bulawayo needs to be upgraded there to yellow, huge potential there, 12x6km strike for nickel sulphide is huge and namely mentioned, as Colin said Bulawayo hit its expected target for continuation of gold strike, but more importantly they found the Nickel, so he now ranks the nickel over the gold that he took tbe licence for, love that, such a brucie bonus

Yes rich, just coz ur balls deep lets be honest, only have to look at the sp amd the trades, maybe its beyond your ability to see, maybe your just a serial ramper as your balls.deep, either way your the one doing your b00locks not me

Looking at the trades for today, this is still being shorted, too many very small trades, still a bit early after the raise for me to get deep in here, I prefer to wait for the shorters to exit, all this talk of a buyout seems quite amusing tbh, so far of the build, a buyout will never happen until its atleasr built and ramped up, majors don't buy builds really unless they have gone broke, they don't care as its a tax break, so makes no difference to them and they prefer to wait for the build to be derisked

Ig showing us uo 5%+, will show here soon enough

9.05 20k is a buy, showing as a sell, it's mine

This is still being shorted, that only means one thing

Orion amd La Mancha played this perfectly, they knew the comonay needed more money and shorted this share to death to make sure the got the maximum shares for the Convertible bonds, they really screwed the PI here, I cant see this not dropping like a stone from here, definitely no support after 85p and it's definitely going to go lower than that due to the massive dilution

It's more than e5% dilution, they need to give more shares to Orion amd la mamcha for the Convertible bonds as well, when bought by hzm they agreed that the bonds would not be diluted through equity raise, so they will be awarded more shares for those as well, quite shocking really how much he screwed the pi on this and the last one

Now this is where it really gets messy, this is gonna add chunks to the share register, along with the actual placing

On Admission of the Placing Shares it will trigger an adjustment under the terms of the Convertible Loan Notes issued on 23 November 2021 to Orion and La Mancha to ensure that the percentage of new Ordinary Shares in the Company's share capital to be issued on conversion will remain unchanged following the Fundraise. Pursuant to the terms of the Convertible Loan Instruments, in the event of an Adjustment Event (as defined therein) taking place, the price at which the Convertible Loan Notes may be converted ("Conversion Price") and/or the number of Ordinary Shares into which the Convertible Loan Notes may convert ("Conversion Shares") must be adjusted such that that after the adjustment the total number of Conversion Shares carries (as nearly as possible) the same entitlement to participate in the profits and assets of the Company (including on liquidation) and the same proportion of the voting rights attached to all the issued and outstanding Ordinary Shares (on a fully diluted basis) as if there had been no such Adjustment Event. The Fundraising is an Adjustment Event and will result in the Conversion Price being decreased and as a result the number of Conversion Shares being increased. The adjustments to the Conversion Price are dependent on, among other things, the amount of accrued interest under the Convertible Loan Notes at the time of the relevant Adjustment Event and as such it is not possible to confirm what the adjustments will be following completion of the Fundraise.

Cost overruns has made hzm need another raise, not good, lucky the pound is weak and its 90p for the raise, I guess it was expected

We either mine or they buy it off us, everything has a price with Mr Bird, either way we're gonna be quids in on this one.

AgentSmyth don't worry were getting paid.

Payment of Consideration: US$50,000 will be paid on Completion and US$700,000 paid at the later of 90 days from i) the signing of the Agreement and ii) Completion. Completion will occur once the Star Zinc Project Licence has been assigned to Siege.



Royalty Payable to Galileo: Galileo will be paid a royalty on any future sales of zinc from the Star Zinc Project based on the zinc grade. The minimum royalty rate is 3% and increasing by 1% for each US$250 increase in the zinc price above US$2,500 per tonne up to a maximum of 10%. The current LME price for zinc is US$2,786 per tonne based on the London Metals Exchange closing cash price on 3 March 2021 being the last practical date before this announcement. If the Zinc concentrate grade is 25% for a sale at a zinc price of US$2,500 per tonne this would result in a royalty of US$18.75 / dmt whereas if the Zinc concentrate grade were 30% a sale at a zinc price of US$2,500 per tonne would result in a royalty of US$22.50 / dmt.