focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The results from the tailings is it’s very rich in other minerals GOLD,silver and platinum group metals. Now they have the export license. Are they start on the JV ?
Vast has also executed a Memorandum of Understanding linked to processing the tailings produced at Takob.
As part of this project, its joint venture partner, Formin TJK (“Formin”), has commenced surveying, soil sampling and preliminary drilling on site at the tailings facility and the results will be announced upon receipt from ALS Romania. Formin reported visible signs of lead, zinc and precious metals, including gold, silver & platinum group metals, in the tailings facility. Initial surface survey results compiled by Formin show that there is a minimum of 1 million tonnes and up to 3.3 million tonnes of tailings. The depth of the tailings is to be determined once drilling is completed.
The funding for this project, which may be up to U$20 million, will be provided by CAMM on the same or similar terms as the Company’s existing Takob Joint Venture Project.
Tailings are Mine Waste. Tailings are the waste materials left after the target mineral is extracted from ore.
This is interesting
https://x.com/zcdc_official/status/1714599248652628374?s=46&t=zuwyd0D_7az2Nr9qLdLSCg
The location is the mining site for the JV😉
Just rumours floating about
Tomorrow definitely 😉.
Rns and podcasts tomorrow
Vast Resources sets up shop in Gaborone - 01/03/2021 - Africa
Intelligence
1 Mar 2021 - ... Glencore subsidiary). Katanga Mining is the joint venture through which Vast Resources is mining diamonds at Zimbabwe's rich Marange deposit
Vast JV partner in Zimbabwe Katanga mining is owned by Glencore. Just a thought 🤔
Due to security reasons they maybe won’t announce until they have left the country. As AP won’t want a target on his walking around with a briefcase full of diamonds.
Or have they come to an agreement with RBZ about the release of the diamonds?
Alrosa are back in Zimbabwe
https://www.africaintelligence.com/southern-africa-and-islands/2023/09/08/mnangagwa-s-visit-to-russia-reactivates-alrosa-s-diamond-mining-plans,110041161-art
If this goes through the blueberry mine AP receives a 10% stake in the mine.
Andrew Prelea has been engaged with investigation and negotiations on
Blueberry since before he joined the Company. Blueberry is a ‘Joint
Asset’ of which Andrew Prelea is entitled to a 10% interest as referred to
in the Company’s announcement of 1 March 2018 following his appointment to
the Company as a Director. As therein stated, in order to eliminate
conflicts of interest, it was and remains the intention of both the
Company and of Andrew Prelea to negotiate terms under which Andrew
Prelea’s interests in the Joint Assets are exchanged for special option
rights to acquire shares in the Company subject to approval by
shareholders of the Company at a General Meeting. On account of this
intention no shares in EMA are being issued to Andrew Prelea at present
pending further discussion on the special option rights.
Now BP has name plated and Tajikistan has started exporting. Why not look at moving on to the next project. Zimbabwe is going no further until the diamonds are released. It also explains the raise for £1.8 million. Cover the operating costs and allows for the the floatation of the company
From the silver alone in one area at current prices is £1.45 billion
Vast are going to float a new company EMA which they own 100% . EMA own the blueberry mine in Romania. For paying the fee for placing of the company they will retain 10% stake in the mine and run and manage the mine. So if any further cots are needed EMA will raise the money and not VAST.
https://www.vastplc.com/wp-content/uploads/2019/03/blueberry-project-23.08.18.pdf
From the last RNS
The net cash raised from the Placing will be used for working capital and to ensure the Company can meet its current corporate obligations both in Romania and at a corporate level. At the Baita Plai Polymetallic Mine in Romania (“Baita Plai”) funds will also be applied to bridging any unforeseen operational related costs due to the recent protest action as well as to funding further expansion capital costs, the ongoing drilling programme and mine development costs.
These are just thoughts?
I’m told early next week for news 😉
Read the rns shares already sold
The completion of the systems has been delayed due to the long lead times for certain sensors and other necessary systems. The present estimate for the completion of the first system is early in the fourth quarter of this year.
Pilot plant to be on site and assembled early on Q4. Possibly we may here things have arrived and assembly has started?
Yes definitely! Take of raising? No the mine has name plated. So it is in profit. All income covers wages and costs. So no need to raise. Tajikistan is fully funded. The only would raise for new things. Which none have been announced. Tajikistan is soon to have export license. So that’s more income coming in. Once diamonds are released we should be clear to move other options on
Head of RBZ is being replaced by someone of the governments selection. Someone who will release the diamonds?
https://zimgazette.com/2023/09/28/global-ranking-gives-rbz-boss-mangudya-lowest-d-grade-amid-removal-speculation/