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Hey BS, just hang around a little bit longer and let's talk.. No disappearing on me.

You know that list that is as long as your arm? Gonna need a longer arm.

BS, I know you are meticulous in your research so you have probably already done this.... But..

If you look at the February 2023 Recon presentation, in particular page 17, you will that Recon has identified multiple Whaleback Anticlines trending into EOC's acreage. They say that the structures are are up 5km wide and 40km long. Elsewhere they have identified the columns to be up to 200m.

I am sure that you can do some volumetric calculations.

Anyway, good to chat, genius..

DYOR

Judging people by your own standards I see.

If I could trade, I wouldn't be selling.

Look up whaleback anticlines in the Zagros mountains.

Recon has them in its acreage trending into EOC's Namibian acreage.

DYOR

The offering cannot be marketed to US investors until the SEC says so. Spartan then needs to its ducks in a row and start marketing: said ducks were lined up nicely and Spartan went live with the raise a few hours ago.

As always, it ain't done till it is done.

DYOR

Spartan have gone live.

Have a good look at Recon Africa's Damara Fold play that extends into Elephant's block. Recon currently looking to do farm ins; one for the East and one for the South/South West which extends into Elephant's acreage. Likely Recon will look to do a deal once it has got its S/SW JV boxed off.

Four separate plays: the Sintana presentation shows a separate play going from their acreage into Elephant's.

The above is completely separate to Benin.

DYOR

Z,

you being the expert on everyfink and all that, you tell me.

Looks like someone thinks that they know something....

Lets hope.

Z,

I don't want interrupt your constant faux drama-queening but the RGM debt was settled by the issue of RGM shares to RRR. They were promptly sold.

DYOR

I am in lots of companies.

Troll with no shares and never has been a shareholder does what trolls do. I am not the one fixated on a loss from ten years ago. We all have losses..

Lol.

Musonoi would have been in production long ago had it not been stolen and sold for $420m to Glencore. Had it been production then share buybacks would have resulted. RRR had a plan to bring it into production quickly but we were frustrated by our partners.

Yes EOC has taken longer than it should have.

RRAL, they took the decision to hold off because of Berringa and the need to renew the license which meant that they needed to drill. My view is that they should just do a deal and move on. RRAL burns a lot of cash.

DYOR

Z,

Do you know what a fixation is? Take a look in the mirror, you don't own shares and lost money in RGM 10 years ago.

Get some help and move on.

You sound a bit scared that good news is on the way.

xx

Ooops!

Sent too early. EOC has a block next to Recon. Rumour has it that Recon has two industry partners looking to farm in.

If you look at what Sintana says it about its half block, they say that there is a trend that goes into EOC's block.

https://sintanaenergy.com/wp-content/uploads/2023/06/sintana_corp_presentation_060123r.pdf

It might be that EOC's block is in demand soon.

DYOR

Things getting interesting....

Recon Africa

https://reconafrica.com/wp-content/uploads/ReconAfrica-Completes-2-Phases-of-eFTG-and-2D-Seismic-Program.pdf

https://reconafrica.com/wp-content/uploads/ReconAfrica-Press-Release-040323.pdf

*Man who is not shareholder and never has been spending his time on a Sunday posting about a company he knows little or nothing about.

If makes you feel good, go for it..

Currently we have two. Three licence applications are in, supposedly to be issued anytime now.

We need to generate some cashflow first but I would expect the process for the second EIA starts in July. We put an EMP in first and then an EIA. So, hopefully, we get the second EIA maybe September.

But the priority is to get Tin Hill operating smoothly.

DYOR

Liquid,

Not seen any broker report that says the certificate will be issued Monday but we were expecting it last week. It turns out the whole department was at an away day week in Bulawayo for a internal mining conference and so it didn't get issued, unless they picked it up late ish Friday. The problem with these things is that promises are made by third parties and then things don't necessarily happen. IMHO it is close but who knows? Something else could delay it. Eventually all of these things time out.

My current understanding is that the buyer turns up, samples what you have for sale and then comes back a few days later with the price to pick it up. So if first sales are Monday, then ALR should get paid by Friday.

Each truck takes 20 tonnes and so they will need a few trucks or a few trips to shift the stockpiles: I don't see it all being shifted day one because of the physicality. It might take 3/4 days to shift the stockpiles.

Yep the stockpile belongs to ALR and so it can be sold as soon as they have the EIA certificate.

On the total size of the deposit, no one really knows as yet. There is an internal ALR estimate but until some drilling is done it is a guess (a large guess though). From ALR's sampling and what the local police say about the stockpiles it looks like the grade is very good but there will be areas of high grade and areas of lower grade, it won't be uniform. The purpose of any drilling will be to identify the areas of high and low grade. I see no point in preparing a JORC since we don't intend to list ALR merely to distribute the cashflows as and when they arise.

Yep the rule about the minimum grade for export has changed from 4.5% to 3%. ALR should be able to get to 3% without beneficiating, just a bit of grading.

https://www.reuters.com/markets/commodities/zimbabwe-presses-miners-produce-battery-grade-lithium-locally-2023-05-31/

"Last year, Zimbabwe banned the export of unprocessed lithium ore to stop rampant digging and smuggling of the mineral by artisanal miners, ordering that only lithium concentrates could be exported."

There are no restrictions on selling ungraded or processed lithium in Zimbabwe, it is only for export that we need to meet a minimum grade.

The updated export rules are in SI 57 2023 published 8th May 2023.

https://www.law.co.zw/download/statutory-instrument-57-of-2023/

As always, handing to do a bit of reading....

DYOR

PS one thing that did come from a senior geologist from a company we have an NDA with is as follows: spodumene at surface tends to be weathered and at a lower grade than deeper down. What we are mining is at surface and so, all other things being equal, we would expect better grade deeper down but until we drill.......who knows?