RE: Luansobe deal21 Sep 2025 15:56
June 23 response: "The steeper westerly plunge took us towards an underground situation faster, but has left us with an open pit with good stripping ratios and slightly higher grades. The drilling also provided a combination model of pit to underground as a seamless transition, maintaining acceptable stripping ratios for the open pit. The area of this deposit is of high interest to the major mining and investing community and is well recognised on its potential and geographical and geological position. In essence, multiple opportunities, multiple considerations. On a more general note it does not have any deleterious elements and should provide a similar concentrate to Mufulira, which worked for 80 years – so, still has a good mine life in front of it, when the eventual Mopani sale takes place."