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NT to buy for anything over £5k!!!

Phase 1 spend commitment by - Anglo American

$38.5M

Huge Drill program incoming.

Even the naysayers admitted to loading up over the weekend and keep logging in through the early hours of the morning and registering for the webinair as fast as their little keyboard can allow to keep up to speed.

ARCM free carried on a Tier 1 drill program

GLA

****UPDATE ON DRILLING PROGRAM'S ****

Probably the biggest copper drill program to be seen in the small cap space since 2016 when SOLG got their $40m for drilling and their SP went from 1.77p to 45p+ in the space of months.

Those that were in sub 2p saw incredible returns

as drill result after drill result after drill result kept landing and pushing the SP higher and higher as it became clear they had a Tier 1 discovery on their hands.

Looking for a similar outcome here over as drill season gets underway.

-

> Update on drilling program incoming.

GLA

Investor Call via Investor Meet Company

The call is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9:00 BST on 1st May 2024 or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Arc Minerals Ltd via:

https://www.investormeetcompany.com/arc-minerals-limited/registerInvestors

Investors who already follow Arc Minerals Ltd on the Investor Meet Company platform will automatically be invited.

Arc Minerals Ltd (LSE: ARCM), an exploration company forging partnerships to discover and develop Tier 1 copper deposits, is pleased to make the following updates:

Investor Call

Arc announces that an investor call will be held via Investor Meet Company at 12:00 BST on Thursday, 2 May 2024 which will be presented by Nick von Schirnding (Executive Chairman) and Vassilios Carellas (Chief Operating Officer) to provide an update on the Company's upcoming drilling programmes in Botswana and Zambia.

Rattler... Great stuff for a summer BBQ.

Will check out some of those other beers mentioned as partial to a IPA or Golden Ale.

@SK

I think we've both had a good run in UFO over the past month.

Must admit I took some off the table from my 0.12p - 0.14p entries and it has pulled back a little. & happy to discuss UFO on their bb.

-

Coming back to ARCM..

If you look into what is classed as a genuine Tier 1 deposit then the $1.9billion valuation for the whole ZPC project would probably place it towards the conservative end of a Tier 1 deposit. (Especially with copper prices on the rise).

In recent history, battles over some of these tier 1 assets have been fierce, extremely tactical and in many cases totally unexpected.

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Tier 1 deposits are “Company making” mines. They are large, long life and low cost

Tier 1 deposits valuations typically in excess of $2billion +

Tier 2 - $500m+-$1.5bn.

The opportunity is certainly there for AA to prove up multiple structures and define a Tier 1.

They have committed sufficient cash to drill sufficient metres that by the end of Phase 1 drilling the market is going to have a very good idea of the size, scale and potential here.

Returning to the valuation target of $1.89billiom for ZPC.

AA would not commit that level of cash into drilling if they didn't think they wouldn't see a significant multiple on their outlay.

The valuation target likely provides an adjustable margin for either a Tier 1 discovery or mulplie Tier 2 discoveries (each outcome of which would be extremely value accretive).

See it across a few boards.

Posting like some kind of deranged jealous jilted former lover.

Embarrassing comments really.

A new broker was brought in.

Whinging comments once you have been kicked into touch is desperately embarrassing stuff

ARCM clearly living rent free in the heads of some on here on the daily :-)))

Zambian Copper Project (ZPC)

From WHI research:

The ZCP in the ZCB is a pre-resource project with significant potential.

Valuing potential is not straightforward, though history shows that tangible success (i.e.

discovery drill hole, maiden resource, resource upgrade, and progression through

engineering and economic studies) is likely to accrete significant value to ARC.

We determine a base value for the ZCP using the terms of the Anglo JV (first reported -

RNS 12.05.22):

• Phase 1 - Anglo will pay $14.5M in staged cash payments to Unico Minerals Ltd (67% ARC) and invest up to $24m in exploration expenditures (total $38.5M) within three years and 180 days of the signing of the Agreement (RNS 20.04.23)

to secure a 51% interest in ZCP.

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• Phase 2 - Anglo may elect to increase its interest in the ZCP to 60% by investing a further $20M (total $58.5M) within two years of the completion of Phase 1.

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Phase 3 – Anglo may elect to increase its interest in the ZCP to 70% by investing a further $30M (total $88.5M).

We determine the value of the ZCP using the value that Anglo places to earn 70% of the

project. Anglo will, in total, pay $88.5m for 70% of the ZCP project (which calculates at

$125.4m for 100%). ARC’s interest in the project was 67%, prior to Anglo’s involvement,

we therefore calculate that ARC’s stake is worth $84.7m (being 67% of $125.4m).

We consider that Phases 2 and 3 are dependent on exploration success, should the JV

advance beyond Phase 1 we would revise our valuation approach and fair value, but note

that in similar cases there has been a significant rise in the value of the junior partner.

We show what could be achieved in exploration success.

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Valuing exploration success:

-

Based on our two examples – we are not aware of any other AIM listed explorers with

comparable recent success – we conservatively suggest that a maiden resource for the

ZCP could generate a 10x uplift in the value of ZCP.

This would likely represent the

completion of Phase 2 of the JV. Should the JV progress through Phase 3 (JV Completion

and reporting of updated resource) we anticipate an updated resource and suggest that

the uplift in value may reach 15x.

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Some Conservative SP targets in the region of 10 x to 15 x for ARCM.

https://s2.q4cdn.com/256050873/files/doc_downloads/research_notes/2023/FN-ARCM-031123a.pdf

I see our neighbours Lifezone metals share price put on some weight this week and now have a market cap of £660m

Their Kabanga deposit Mineral Resource estimate as of 15 February 2023 as attributable to Lifezone of 25.8 Mt (Measured and Indicated resources) at 2.63% Ni, 0.35% Cu and 0.2% Co and additional 14.6 Mt (Inferred resources) at 2.57% Ni, 0.34% Cu and 0.18% Co each with a recovery percentage of 87.2% for Ni, 85.1% for Cu and 88.1% for Co.2, 3, 4, 5, 6, 7, 8

Their Definitive Feasibility Study for the project is due for completion by Q3 2024.

Last month they completes a US$50 million non-brokered private placement of unsecured convertible debentures. These debentures have been issued to a consortium of marquee mining investors, led by Harry Lundin (Bromma Asset Management Inc.) and Rick Rule.

I remember back when SOLG got their $40m cash for exploration drilling and the SP went from 1.77p to 45p+ in the space of months as drill result after drill result after drill result kept landing and pushing the SP higher and higher as it became clear they had a Tier 1 discovery on their hands.

Looking for a similar outcome here over as drill season gets underway with AA deep pockets.

Probably the biggest copper drill program to be seen in the small cap space since 2016.

SP ticking up nicely now.

The time for trading is over.

Hold onto these Copper Tickets tightly.

RNS next week with a potential Globally significant Tier 1 discovery up for grabs!!

🚀 🚀 🚀

@Dai

I just remembered I agreed to shout up once I was taking a position

Well, I'm in for an initial Tranche to get some skin in fhe game.

Let's see how she goes from here.

Chart firming up nicely here now.

Break to the upside next week looking ever more likely now.

GLA

GLA

Re ARCM

I agree.

Given yesterday's events....

That probably is the bottom in now.

Just need that red dot now to say 'drilling underway'

Yeah, just watching I3E atm to see where the support levels are.

Re ARCM...

Must have been nervous times yesterday with the potential BHP bid for Anglo American as that stock is totally at the mercy of A A getting their massive drill program underway.

A A really have tested the patience of holders over there since locking them into their JV.

The pros of the JV with a super majors is that they have very very deep pockets to throw millions at proving up a what they hope will be a new Tier 1 discovery worth Billions.

The cons is that ARCM can't call the shots on when A A eventually decide after a long long loooooonnnngggg wait to actually get their drill crews out into the field... lol

Today is day 2 of the SP drop...

Let's see how it plays out next week.

I3E

Looking to test the 3 day theory on this one BTW

Today is day 2 of the DP drop

Looks like the start of the next leg up to 64p.

Chart looking fantastic here now.

GLA

I3E shares 11% down today as the market takes profits on the back of lower y/y production guidance, which was due to i3’s slowdown in investment over the recent winter period in response to falling commodity prices. This follows recent improvements to i3’s balance sheet strength and liquidity position (and stock price) over the last few weeks following the $25m sale of a non-core royalty package and a new $75m credit facility by a major Canadian Bank.

This enables i3 to significantly expand its fully funded capex programme as it targets a ramp-up in drilling activity that balances growth, financial discipline, and a sustainable long term-dividend, all while positioning the Company to commence its high-impact Simonette Montney pad development drilling early next year.