Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Generally speaking if they hadn't put in the renewal literally the second the Mines Dept opened on the day of expiry it would've been snapped up. I cannot imagine they aren't obliged to announce the loss. The lack of activity is in my humble opinion fear of upsetting the remunerative apple cart by NOT finding something. It's a sad, self serving tactic often employed by gutless, ineffective explorationists , just out to keep the gravy flowing into their own pockets (I wish!!) If they'd actually wanted to drill they would've been doing it a month or more ago. Just my guess and wtfwik, being a simple man of the palm trees etc
Companies have to be very careful around PL renewals in Tz, as the less scrupulous can be at the Commissioner's door at dawn and get their foot in first. It does happen. So Katoro would have been preparing for the exact moment and would have known exactly when it is.
I would guess PL renewal is not a factor in the slow march to drilling, though.
Annoying, Ben, but hardly unexpected. Of course there are DD rigs available in Tz and companies like Capital Drilling that can mobilise them in a few days. It doesn't take months to design a drill programme when you have geophysics and RAB drilling results. Does anyone know if they actually have an active exploration team in the country? One bloke sitting behind a desk in Dar or Joburg, occasionally scratching his arse doesn't count.
Sir G B I see you've become a Captain at Yorkshire Airlines
https://www.google.com/search?q=yorkshire+airlines+sketch&rlz=1C1FGUR_enIE858IE858&oq=y&aqs=chrome.0.69i59j69i57j69i59l2j69i60l2j69i61j69i60.3768j0j7&sourceid=chrome&ie=UTF-8
I wish you'd use your splendidly blunt authoritarian tone to compel LC into action.
Good to hear from you Gillie. My reference to Kilwa was obfuscatory although it would be a fantastic place for, esp. marine, archaeology, having been an important natural harbour since long before the Romans traded that way, see Periplus Maris Erythraei.
I do believe the wind of change is blowing but how easy it would be to get funding for coal is a looming obstacle, although perhaps the chinese , who are very active in Africa might be a possibility. In any case there is endless renewable scope with powerful monsoon winds, solar and huge geothermal potential, as Kenya has shown.
I get the impression that Stiegler's Gorge has gone the way of the Bulldozer.
All in my own balmy palmy humble opinion.
Masalaam mzee maharagwe (Cod swahili for Cheers old bean!)
Bloody hell Aerial that bloke in the hat is mtwati sana, ( sana being KiSwahili for very) for a start he's confusing kariakoo with carioca. I'd be interested to know if he still had his wallet, mobile phone etc when he got back to the hoteli.
But Tz is a great place and Hope does spring eternal.
Having donned virtual native garb and sat in the e-bazaar in Dar it seems that Mama Hassan is a rather Good Egg (mayai mzuri kabissa) and may well do the right thing by the country although treacle moves like lightening in Tz time. It seems she has the support of the army, always handy and is favoured by Mzee Kikwete and various other less prominent worthies.
On the gold mining side I gather Bulyanhulu is now back in production which is encouraging.
But these are all just rumours and punters should come to their own research conclusions: I am as ever a Simple Man of the Palm Trees.
Thanks FG for making me right, I feel better already!! I just listened to LC on stockbox being excited about incredibly good assay results ie 13% Ni and 2g/t PGMs. he's right to be excited but those samples, I believe, ( in good faith and check it out with your own enquiries, this is only a chat board after all) were taken in autumn two thousand and SIX.!!! O well it's a long way to Tipperary, and maybe the wheels of fate will grind a little faster in these unusual times. POW does seem to be an outfit that doesn't hang around.
I do think your surmise, FG. that defining drill targets from data which is now presumably available from RAB results and geophys etc shouldn't take a week with modern tools but then I am simple man of the palm trees etc.
Keep an eye on al Jazeera's comments on the new president; she appears at this stage to be a rather sensible new broom, which might be a massive plus all round, IMHO.
yes that aspect of the whole katastrophe is very depressing. Unfortunately there are no explorationists on board. I recall from an Economic Geology paper from the late Cretaceous, written by a famous and successful exploration geo on the seven key qualities of a successful programme. The first five were wise but not memorable, but the sixth was "A sufficient budget" and the seventh was "The balls to spend it (sic)". Alas Kibo/Katoro is replete with salary men and depleted in explorationists.
But it does sound like POW are a bit more WHAM BAM!! and maybe they'll have a bit more gufu when and if the bit come up dripping pentlandite and platenoids, (IMHO etc)
Anyone got any clues on POW?
I don't know why they haven't released any assay results, seems a bit feeble, but the fact that they are now moving on to diamond drilling is, to my simple mind (and do your own research etc) pretty encouraging. I imagine rig availability is good in these rather strange times in Tz and the wet season will soon be over making access very easy, so it shouldn't take another 14 years to get a rig on site, Insh'Allah. Although it is expensive it can be done in stages each step encouraged by the preceding results.
Finding gossans with +ve Ni and Cu assays is also encouraging as these are the weathered and oxidised products of sulphide mineralisation, or as Wiki puts it:
"Gossan is intensely oxidized, weathered or decomposed rock, usually the upper and exposed part of an ore deposit or mineral vein." But check it all out yerselves as I am old and foolish and taken too many sundowners. I just hope they may FINALLY get their a**es into gear. As the kiSwahili proverb has it Simba analala siku wa leo, wimoweh.
For what it's worth I have used SGS in Tz and I can assure one and all that they are very efficient. I would be amazed if the results of the RAB drilling weren't out several weeks ago, IMHO.
Great news that Mama Presidente is cracking the whip already, though. Hope springs etc.
Indeed they did own Haneti, it was what pre-kibo Sloane Dev. was founded for in 2006. Not just 40p but reached the heady levels of 70p (equivalent) on the back of an assay error where the Ni decimal place on some grab samples was displaced one order of magnitude to the left, ie 4% rather than 0.4%. That's not to say that Haneti is not an outstanding target, IMHO, wottafeck would I know I am only a simple man of the palm trees, check it out yerselves. Trouble is the roads are so bad round there it's taken 16 years to even get a RAB drill on site. Mind you the road to the bank has been pretty good for the management, Onwards and upwards, la la la!
Believe it or not proto Kibo ie Sloane Developments had a geologist working on Haneti in 2006!!!! So it's taken 15 years to get to a modest amount of RAB drilling on targets that were obvious at the start. Oh Dear!! Of course that's now hived off to KAT but the same steady hands at the helm.
Thanks sensetalka. To say that the exploration rate of progress is glacial would be an insult to even the most indolent glacier. There was, after all, a geologist mapping on site in late 2006, ie 14 years ago, on behalf of Katoro's direct ancestor. It does seem to be a very interesting project with huge potential IMHO, do the math yerselves, but, alas, there does come a time in exploration when the old wedding tackle has to be put on the block, especially bearing in mind that several worthy members of the company have probably accrued >1 million of any hard currency you care to choose since Dec 2006 by way of salary.
Gear a**e into and bullock on!!!