Member Info for FunkySausage

Yes iky is right Zimbabwe 🇿🇼

Thanks everyone

For some reason I have in my head we have 3 drill ready targets at Kimitavia.

But i can't find it in rns anywhere, am I dreaming or delusional 🤔 not sure if it was a roast interview or not

I'm not sure, anyone help with clarification of this.

Hopefully someone can put me straight 1 way or another

Motheo | Increasing our reserves

Further information can be found on :

• Appendix I (slide 17) corresponding announcements, ‘Exploration strategy: Increase our reserves presentation’ released to the ASX on 3 December 2024. 12

• Planned A1 infill drilling program completed in Q1 FY26

• Maiden reserve and pre-feasibility study expected in Q4 FY26

• Significant regional program planned for FY26 with a heavy emphasis on

the Motheo hub (within a ~70km radius of T3)

• Targeting a further 26% increase in drilling metres

• Set to accelerate with the imminent recommencement of drilling activity

following the engagement of two drilling contractors, with a full

complement of rigs expected to be mobilised through H2 FY26

Targeting a minimum 15 years of reserve life within five years

Exploration metrics FY25 FY26G

Motheo near mine and extensional drilling

T3, A4 infill and extension drilling km 6 7

A1 infill drilling km 20 6

Expenditure6 $M 6 3

Regional Botswana exploration

Regional drilling program7 km 21 26

Expenditure $M 13 16

A1 Pre-Feasibility Study – Resource Drilling

World Copper Conference Asia 2025 |

Completed

Planned as at 30-Jun-25

Previous inferred drilling

This is from Sandfires presentation November 2025

Colin could do with having a chat with SF about this, previously he said he didnt want to disturb a major but its gone on long enough

so which is popping 1st here ?

luansobe - jlp - colins old mates

kimitavia -.iky's mates ( neighbouring mine )

ka****su - marcel - colins old mate

that's quite alot of potential right there , with obvious partners , all massive sp movers

The sp seems to be firming up for the news

Welcome to the party 🥳

Stable atm thank you

Yea its been quiet, maybe their all at Davos watching Trump upset all his mates

Castiron

It was directed at the RNS and the ones that are disappointed

Cobre worth about 73 mill Oz $

We can call it 70mill

Which is about 35 mill £ ( just over )

Of the one project that rolls into pl253

If you havent seen the drilling of cobre upto pl253 I would suggest you to take a look

It runs straight into pl253 and to me looks like it ms about 50% on each side.

We will drill and find out no doubt.

Tbh I would of liked this drilled 1 yr behind cobre to grab some of the attention, dilution would of been less painful also imo as I would of expected at least a doubling of share price to min 20 mil of this 1 project

Considering Cobre is st 35 mil, 20 mill would be a incredibly low comparison and all for this 1 licence

Yes jl

Copper grades are similar to Cobre, whats not to like

Yea that was the very bottom, after we done a raise, might be a long wait to get back to that as we're due for news on luansobe, kimitavia and Kasitu

China normally tries to manipulate the price as and when they can, generally holding off for buying until stocks are light and the price is lower, they will buy again soon enough

Iky

Maybe they are waiting for the licence renewals for kimitavia

No guarantee that the warrants will be excersied.

Better to look forward positively than to the past negatives

Luansobe will most likely give us a divi every quarter once ramped up, remember everyone that iwns it is heavily in it also so they will want a payday also, if we produce, we will most likely hit 50mill once ramped up and stay there, the 2nd op needs more drilling also and id prefer to hang on to it all than to flog it as I see it as the jewel in the crown

Easy to say just sell something but someone would need to be a buyer.

Kalahari needs more drilling and so do some of the others, so the only assets for sale are luansobe and Kashi tu.

Easy to say sell something, not so easy just to flog something thats not ready for a sale.

Selling luansobe cheap would be blasphemy imo, its the deeps and the production thats attractive for a sp rerate.

Do you want a cheap sale because you feel you would get your money back ?

The reality is your investing into a penny stock exploration company ( high risk ) and unfortunately you just dont know whats in the ground until you drill it out, Colin finds great acreage but you can't blame him he doesnt find 2% copper on every prospect, Luansibe deeps could be 0.5 % and uneconomical for all we know, its all a spin of the dice with these ones, you want consistency buy blue chip Rio BHP etc atleast you get a divi amd if it crashes the day after you buy you still back up in a few yrs, you want a chance at 10bggers you shop down here