Member Info for NorthernShark

Initial review there are some chunky copper intercepts which would support a detailed mine plan. MNKDD010 - 16m at 8% copper from 18m deep!

ATB Northern

For once SirB I completely agree with you! Shambolic

NTGU, So you haven't got a clue then and have just plucked numbers from thin air!

Artisinal mining? We have a 240MT copper ore waste dump and 25k hectares of prospective area, including 400 which we will get a better understanding of tomorrow. That excludes the other 300MT of tailiings, Project G and Mufulira waste. Hardly artisinal.

I would pay attention to what SeisNav posts as you will get more valuable information than the vast majority of the posts on here!

NTGU - whats your definition of good or bad results which justifies the price swing either way?

SirB - JLP is more than the production levels. It acquired substantial copper assets when the copper price was a lot lower than it is now and therefore the assets are worth a lot more. Globally there is a scramble to acquire copper assets.

The value of the assets doen't go up in a linear fashion with the copper price, it will be exponential given the majority of the increase in copper price would be pure profit when the asset is exploited.

Who has claimed it is a Tier 1 Kalan? It was mentioned by the interviewer on the Roast but not confirmed by Leon then or in any comms from the Company. How did you get to your calculation?

Kalan, you are spouting rubbish yet again. They have not released any drilling results as yet so you have no idea what we are looking at or what to base calculations on... unless you would like to share your detailed analysis.

Please expand on your view summit. Why are the board not working in the best interests of shareholders?

Chat, why do you need to remove the entire machine to perform maintenance? Maintenance on the machine normally would take place in situ. "Maybe that will never need to occur and the centrifuge will last for 20+ years" - that was the point I was asking you, given your extensive knowledge on the subject (apparently).

If the machine needs to be replaced every couple of years or removed for maintenance then your observations on the roof are valid but heavy machinery is designed to last for extended periods so think as per usual you are barking up the wrong tree unless you can point to evidence which suggests otherwise?

Chat, look at the options he has and that will answer your question. Surprised you don't know given your extensive research?

So you don't have any technical knowledge on the centrifuge in terms of failure rates, common maintenance issues or the like, yet still imply there is an issue - without any evidence to back up your assertions.

Chat, do you know the failure rates for centrifuges?

Why would the whole machine need to be replaced rather than specific parts which may be prone to failure?

Personally not an engineer so would be good to get your expert knowledge on this one and suggest you feed this back to the JLP Operational team, assuming you are not just fearmongering as per usual of course...

Utter tosh Kalan. Preserve cash to invest in the business maybe but as you know these shares are part of previously agreed contracts so they didn't have a choice.

You seem to be making a serious insinuation about the board of Directors - I would be very sure of your facts before making such accusations as could land you in trouble.

Leon stands to earn a lot more from share price appreciation than salary...

A couple of points. Firstly the option to elect to receive shares is contractual. Secondly both agreements were originally executed before the sale of the SA operations. JLP do not have a choice in this matter.

Main points I would make is the LWP project is moving forward and looks to have a lot of meat on the bones in terms of how it will be implemented - my guess is the commercials are the outstanding item. I would however like to see the resource statement for the dump which they have alluded to previously.

Secondly, the feed for Roan must be what they were looking for given they have elected to get a load more, which bodes well for the future production at this facility (with the soon to be commissioned de-watering equipment processing the large amount of material in the ponds = much better Q4 production).

ATB Northern

Harm, indications are that it is IRH who are dragging their feet (a bit of a theme there) but given the environmental challenges of the sl*g heap where locals have historically dug by hand and the need for local employment - the government are putting a lot of pressure on to find a solution.

LWP is pending the competent persons/professional report for the size and grading of the opportunity which will be key to the commercials and plan for the deal. Given the size of the project my preference is to get the best deal available but obviously this is taking more time which is a frustration to many including myself. It has been mentioned before that there is refining capacity available rather than building from scratch.

Molefe will depend on what they have. Short to medium term they have stated it will fill Sable which makes it a substantial project in itself. Longer term will rely on the survey of the adjoining properties and an extensive drilling campaign. If greater M proves up then I think this will be acquired by a major but we are a way off that at the moment in my opinion.

Then there is Roan, Project G and the tailings assets, all of which give me a degree of confidence that the market is mis-pricing JLP but they need to release some drilling results for that to filter through.

I await news like the rest on the board and patience is ebbing given extended time to execute but the assets are there and acquired when copper was a lot lower in price than it is today.

ATB Northern

Mufilira - from 06.01 RNS "The Company was awarded the tender to process these slag waste dumps. This was subject to agreeing commercial terms with the owner of these waste dumps. At the Mufulira Slag project the majority shareholding of the owner has recently changed hands, and it is suspected to be the reason for the delay in any meaningful engagement. Jubilee continues to push for constructive engagement in the matter. The project offers far reaching benefits to the wider community and it is hoped that progress will be forthcoming in the near future."

Government and JLP want it to happen so are applying pressure on the current owner to get a move on.

ATB Northern

Harmprof, have a look at the Impats annual review 2025 from page 54. Tjate neighbours both Marula and Twickenham and if you look at where Implats (Marula) are mining it is heading towards Tjate. Its definitely in the correct neighbourhood and someone will come knocking!

ATB Northern

Very interesting find g and thanks for posting. Certainly looks like Tjate is in the right postcode and now in play! Long term royalty deal or outright sale at the right price will do very nicely.

ATB Northern

4Ever, to be fair you continue to continuously bang on knocking the company for past issues (if its that bad why don't you sell up and move onto other investments?). Nobody can say the company has got everything right which is certainly a point I agree on.

Leon et al did however build a substantial business out of relatively little in SA and sold for $90m and are sitting on very valuable assets in Zambia. How valuable will be visible when the LWP resource profile/plan and Molefe drill results come out - which I as with every other investor are keenly awaiting.

To be clear I am disappointed with Zambia timescales not being hit, changes in strategy and production taking an age to materialise but I do believe we have good quality assets in the right country and importantly have experience on the ground and with the government which will help over the longer term. The strategy is also more understandable and clear.

SA sale to focus on Zambia was a decent move in my book. PGM prices have shot up since the sale was announced but will that continue in the long term? If it does then Tjate is in play as a hedge without the risks of operating in SA which is a challenge to say the least.

Copper is the right metal to be in and most market experts are very bullish about the long term outlook.

I don't call into question your credentials as I don't know you but find your use of the term fan boys and muppet emojis somewhat out of sync with your CV.

ATB Northern

Seis, the existing M property isn't huge so my deduction was they have got the 27777 and 29865 properties. This would be 7-9k in SE direction. Pure speculation from my part and trying to join the dots and would be good to get clairty on exactly what they have secured.

ATB Northern

Gray, I agree nothing has been released to prove the resource. The interesting thing for me in the interview was the internal vs external labs piece. If they have done the testing internally then they might know what is there (with a high degree of confidence) but can't release the information as is not deemed independent.

They mentioned heading to virgin ground to the SE which suggests they have the Luwan licence areas. This also would link to the length of the extension which was mentioned by the interviewer (7-9k).

Not long to wait for independent resource results for both LWP and Molefe so all will become clear soon enough I would expect.

ATB Northern