Member Info for Positivevibes

Strategy and Assets

Jubilee Metals is a successful metals processing company with which it is opportune for Caerus to engage through the mutually beneficial Option Agreement announced today. Whilst Caerus is still focused on its advanced exploration objective(s) of defining NI 43-101 compliant Ore Reserves from its core flagship properties of Kalavasos, Mathiatis and Mala, and the advanced assets of the recently acquired PR Ploutonic Resources Ltd., this Agreement with Jubilee is a step towards achieving a parallel goal.

Alongside advanced exploration, Caerus has a second key objective, namely to pursue a 'waste to revenue' strategy and monetise the residual metals embedded in its substantial, 100% owned surface stockpiles of high-grade remnant ore as well as associated copper-and gold-bearing marginal ore, waste rock and tailings. The Company's in-house and uncertified estimates are ca. 15 million tonnes ("Mt") in all categories of material within its portfolio, not including the >3Mt within licences owned by PR Ploutonic Resources.



Option Agreement

The main elements of the Option Agreement are as follows:

· Operational costs are to be met by Jubilee with no material cost to Caerus

· 6-month duration providing a rapid turn-around of samples and progressive release and reporting of results

· Jubilee has the exclusive option to elect to convert one or more projects to a Joint Venture under terms to be agreed

· If a Joint Venture is agreed, Jubilee will design, finance and execute the construction of any processing plant and become its operator

· Any Joint Venture will operate on a profit-sharing basis after recovery by Jubilee of its initial capital expenditure and other 'up-front' costs



Option Agreement Rationale

This Option Agreement enables Caerus and Jubilee to engage in an agreed Work Programme to investigate and assess the remnant ore and multiple waste stockpiles from the 16 mines that operated historically on Caerus' concessions, including those of the recently acquired PR Ploutonic Resources Ltd. The targeted wastes were discarded in an era when metal market dynamics were very different from today, and there was no incentive to optimise recoveries from ore feeds, nor any commercial or environmental benefits from doing so. The dramatically changed commodity price environment for copper in today's world is driven mainly by the global decarbonisation of the transport and energy sectors. This creates an opportunity for Caerus to form a working relationship with Jubilee and utilise their skills and experience in materials reprocessing. These will form the foundation of the Work Programme under the Agreement that will be delivered jointly with Caerus personnel.

The ultimate objective is to identify and define projects within the Caerus portfolio that can be 'scaled-up' and prioritised into one or more Joint Ventures targeting profitable production using modern designs and waste processing technologi

And people are still in doubt...

Patience in place - in a COVID year we’ve had delays with boxes to be ticked, now every box has been ticked apart from full funding due within June - gold nearly at 1900 and Kefi are about to go from speculative Jnr to 300$ mil fully fully funded major producer for Ethiopia adding 250mil a year to there annual export gdp. The doom and gloom board would scare away the majority of inexperienced investors - trading at less than 15% of the current NPV as we await 5x our Mcap in cash within weeks.

As a genuine kefi shareholder - I’m excited

Red setter

Ground analysis will commence forthwith in order to refine the locations of first drill targets. We anticipate being able to announce the commencement of drilling shortly.

Our geologists, Terra Search, have excellent relations in the area having worked for both Newcrest and Geatland Gold. Accordingly, the exploration will be based out of the Terra Search camp at Newcrest's Telfer mine some 13km from Red Setter.

Cottesloe 12km strike length

"With silver becoming increasingly in demand with the climate change agenda initiatives, the silver potential is exceptional here at Cottesloe. This project is a very exciting new acquisition for Wishbone. The acquisition of this project more than doubles our tenement size in the exciting Patersons Range region of Western Australia. We see the potential for Cottesloe to host both precious metals and base metals as very high, based on historic data available through the Western Australian Government archives. The Company is well placed to move quickly on the due diligence process on Cottesloe, having recently completed the acquisition of our three other tenements in the same area. Technical and legal due diligence is underway and further updates will be advised as soon as they become available."



Wishbone Gold Plc, the London listed precious metals trading and exploration company, advises that it has signed an exclusive deal to acquire 100% ownership of the 92.19 square kilometres Cottesloe Project in the Patersons Range region of Western Australia (the "Cottesloe Project"). This proposed acquisition will more than double Wishbone's exposure in the well-endowed gold province of the Patersons, increasing Wishbone's tenement holding to 159 km2 from 67 km2

https://youtu.be/QBRWhTcbWkE

15-20mil ozs at 2.23

https://www.proactiveinvestors.co.uk/companies/amp/news/947382

Market pricing CGNR to fail - while fortune 500 demir export are on the ground doing due diligence for the JV - potiencial funding all the way to production 8.8mil Ozs - loading more at these screaming buy prices - demand for gold isn't going anywhere and demir an not wasting there time. https://youtu.be/tTZAbPpwXF4

I honestly consider it helping people. No ramp, just facts -

I expect full close in June as per presentation

The highest priority magnetic bodies within Red Setter (Referred to as Targets A, B and C in Figure 1) cover an expanded area of 3.5 km in strike length and 1 km in width. The highest order Target A occurs over a strike length of 1500m with a width of 400m and occurs within 50-75m of surface. Results of this modelling shows several north plunging magnetic bodies within this anomaly of equivalent susceptibility (possibly pyrrhotite alteration) to that evident at both Newcrest Mining and Greatland Gold's Havieron and RioTinto's Winu discoveries.

Larger and starts closer to the surface. Havieron material to be processed at Telfer - Havieron avarage 0.67 cu - 3.8 au - even relatively avarage grades struck at red setter will produce a similar in ground value to Havieron given red setter target A is slightly larger

GGP is 57kms away from WSBNs red setter

GGPs Havieron is 450 x 350 x 600 = 94,500,000

WSBNs is 57kms away and red setter target A is 1500 x 400 x 150 = 90,000,000
1500 x 400 x 300 = 180,000,000

13kms away from the largest gold/copper mine in Australia - Newcrest owned who we share our boarder with - "Our geologists, Terra Search, have excellent relations in the area having worked for both Newcrest and Geatland Gold. Accordingly, the exploration will be based out of the Terra Search camp at Newcrest's Telfer mine some 13km from Red Setter."

Havieron 30% GGP ( 800mil Mcap) 70% Newcrest
Red setter currently 100% WSBNs (24mil Mcap)

Like GGP sub 1p

+ Cottesloe Project Highlights:
• Rock chip geochemical sampling results reported up to 298g/t Ag
• Multiple significant drilling results including:
o SCR225: 5m at 102g/t Ag from 14m
§ Including: 2m at 165g/t Ag
o SCR247: 2m at 73g/t Ag & 4.6% Pb from 8m
o EWP-2: 22m at 42.7g/t Ag from 8m
§ Including 8m at 72.13g/t Ag from 22m
o EWP-3: 18m at 29.3g/t Ag from 6m
o EWP-7: 20m at 35.9g/t Ag from 2m
§ Including 2m at 100g/t Ag from 8m & 4m at 69g/t Ag from 16m
o EWP-11: 4m at 41.25g/t Ag from 14m & 10m at 41.6 g/t Ag from 24m
o EWP-12: 8m at 58.37g/t Ag from 20m
o EWP-24: 8m at 54.87g/t Ag from 40m
• Mineralisation trends interpreted to be over a 12km strike

12kms strike currently surrounded by purely copper - I'm looking forward to both being advanced in tandem

Highlights:



· 3D inversion of the Red Setter ultra-detailed magnetics has delineated 3 highly magnetic bodies over an expanded area now covering 3km x 1km.

· Largest individual priority 1 magnetic target has a 1500m strike length with a width of 400m and starts at around 75m from surface.

· Magnetic survey reveals that all magnetic targets are much shallower than 150m-250m depth previously modelled.

· The relatively shallower target depth is strongly advantageous both from an exploration and future development potential perspective.

· The Red Setter Project is located 13km south-west of Newcrest Mining's Telfer Gold-Copper Mine and 60km west of Newcrest and Greatland Gold's Havieron discovery.

The highest priority magnetic bodies within Red Setter (Referred to as Targets A, B and C in Figure 1) cover an expanded area of 3.5 km in strike length and 1 km in width. The highest order Target A occurs over a strike length of 1500m with a width of 400m and occurs within 50-75m of surface. Results of this modelling shows several north plunging magnetic bodies within this anomaly of equivalent susceptibility (possibly pyrrhotite alteration) to that evident at both Newcrest Mining and Greatland Gold's Havieron and RioTinto's Winu discoveries.

Ground analysis will commence forthwith in order to refine the locations of first drill targets. We anticipate being able to announce the commencement of drilling shortly.

Our geologists, Terra Search, have excellent relations in the area having worked for both Newcrest and Geatland Gold. Accordingly, the exploration will be based out of the Terra Search camp at Newcrest's Telfer mine some 13km from Red Setter.

Highlights

· 24 of the 39 drill holes have been completed on the North Mathiatis copper-bearing waste stockpiles, with full completion of the programme expected by the end of May 2021

· Site preparation at Troulli is ongoing ahead of the near term drill programme on the epithermal gold oxide resources and copper sulphide VMS target

· Further work is underway to establish a maiden NI 43-101 copper Resource estimate at Mala, and how to profitably exploit the smaller, high-grade assets within the Company portfolio

· Prioritisation of prospective copper-gold Joint Venture (JV) projects underway by way of a re-assessment of each of the Company's 16 candidate sites against Jubilee Metals Group JV criteria

· PR Ploutonic Metals acquisition expected to be completed within the next three weeks following COVID-19 imposed delays

• KEFI was until recently grassroots explorer and is now an explorer,
developer and hands-on operator of mining joint ventures with influential
and strong local partners in the Arabian-Nubian Shield;
• Market Capitalisation is c. $28/oz Au-equivalent on current JORC
resources, with significant additional resource potential;
• Market capitalisation is 14% of NPV8% at prevailing spot metal prices;
• NPV8% at prevailing spot metal prices represents 14p per share on issue;
• KEFI’s planned share of NPV8% of two main projects doubled since 2020

• May 2021: Anticipated approvals by syndicate of the c. $300M project financing of TKGM:
» Mining contractor c. $70M finalise contract (submission received);
» Senior Lenders c. $140M formally approve loan details (terms sheet already signed);
» Equity-risk capital:
• $20-30M: Local equity into Tulu Kapi Gold Mines SC (TKGM) ie project company level:
• $20M: Government, for off-site infrastructure (binding contract already executed);
• $0-10M: Local Private (invited March, now need to commit if wish to participate);
• KEFI Group c. $80M:
• $15-30M: Offtake-linked subordinated into KEFI (terms sheet signed);
• $10-30M: Subordinated convertible finance into KEFI Ethiopia (from local investors owned;
by strong international companies keen to support Ethiopia with their local profits. One
has signed terms sheet. Others invited March and need to commit if wish to participate);
• Remaining balance to be finalised, and then sourcing and allocations to be optimised.
• June 2021: Regulatory confirmations required from Government and from KEFI shareholders at AGM;
Trigger Tulu Kapi full development of open pit, (gold-silver);
• 2021-2022: Expand resources at Tulu Kapi and Hawiah, (copper-gold-zinc-silver);
• H1-2023: Full production at Tulu Kapi, starting at 140Koz pa and rising to 190Koz pa with
underground mine to be developed after open pit settles down;
• H2-2023: Trigger Hawiah development, Cu-Au-Zn-Ag,(add > 100K oz pa gold-equivalent based on maiden resource).

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), today announces that its Program of Works ("POW") for Red Setter has been approved by the Western Australian Government's Department of Mines, Industry Regulation and Safety ("DMIRS"). This includes the drilling program outlined in an earlier RNS for up to 100 drill holes to depths of 300 metres that are designed to test for potential gold and copper mineralisation on multiple magnetic targets identified on the Red Setter Project over a 3km2 area.

Ground analysis will commence forthwith in order to refine the locations of first drill targets. We anticipate being able to announce the commencement of drilling shortly.

Our geologists, Terra Search, have excellent relations in the area having worked for both Newcrest and Geatland Gold. Accordingly, the exploration will be based out of the Terra Search camp at Newcrest's Telfer mine some 13km from Red Setter.

Richard Poulden, Wishbone Gold's Chairman, commented, "It is incredibly exciting to be finally moving onto the ground at Red Setter. We will keep the market updated as we go. This premium priced placing, also announced today will ensure that the Company is well funded to achieve its exploration objectives in Australia through 2021."

"With silver becoming increasingly in demand with the climate change agenda initiatives, the silver potential is exceptional here at Cottesloe. This project is a very exciting new acquisition for Wishbone. The acquisition of this project more than doubles our tenement size in the exciting Patersons Range region of Western Australia. We see the potential for Cottesloe to host both precious metals and base metals as very high, based on historic data available through the Western Australian Government archives. The Company is well placed to move quickly on the due diligence process on Cottesloe, having recently completed the acquisition of our three other tenements in the same area. Technical and legal due diligence is underway and further updates will be advised as soon as they become available."



Wishbone Gold Plc, the London listed precious metals trading and exploration company, advises that it has signed an exclusive deal to acquire 100% ownership of the 92.19 square kilometres Cottesloe Project in the Patersons Range region of Western Australia (the "Cottesloe Project"). This proposed acquisition will more than double Wishbone's exposure in the well-endowed gold province of the Patersons, increasing Wishbone's tenement holding to 159 km2 from 67 km2

Greatland Gold plc is a London Stock Exchange AIM-listed (AIM:GGP) natural resource exploration and development company with a current focus on precious and base metals.



The Company's flagship asset is the world class Havieron gold-copper deposit in the Paterson region of Western Australia. This asset is held in joint venture with Newcrest Mining Ltd. Havieron is located approximately 45km east of Newcrest's Telfer gold mine, processing plant and existing infrastructure.



Commencement of the decline to develop the Havieron orebody commenced in May 2021. In addition, a substantial ongoing growth drilling programme is presently underway at Havieron which is being undertaken in conjunction with the preparation of a Pre-Feasibility Study ("PFS"). The PFS is expected to be released in late calendar 2021.



The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer.



Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.

It would be very convenient for Newcrest to JV with WSBN given were only 13kms away

GGPs Havieron is 450 x 350 x 600 = 94,500,000

WSBNs is 57kms away and red setter target A is 1500 x 400 x 150 = 90,000,000
1500 x 400 x 300 = 180,000,000

13kms away from the largest gold/copper mine in Australia - Newcrest owned who we share our boarder with - "Our geologists, Terra Search, have excellent relations in the area having worked for both Newcrest and Geatland Gold. Accordingly, the exploration will be based out of the Terra Search camp at Newcrest's Telfer mine some 13km from Red Setter."

Havieron 25% GGP 75% Newcrest
Red setter currently 100% WSBNs

+ Cottesloe Project Highlights:
• Rock chip geochemical sampling results reported up to 298g/t Ag
• Multiple significant drilling results including:
o SCR225: 5m at 102g/t Ag from 14m
§ Including: 2m at 165g/t Ag
o SCR247: 2m at 73g/t Ag & 4.6% Pb from 8m
o EWP-2: 22m at 42.7g/t Ag from 8m
§ Including 8m at 72.13g/t Ag from 22m
o EWP-3: 18m at 29.3g/t Ag from 6m
o EWP-7: 20m at 35.9g/t Ag from 2m
§ Including 2m at 100g/t Ag from 8m & 4m at 69g/t Ag from 16m
o EWP-11: 4m at 41.25g/t Ag from 14m & 10m at 41.6 g/t Ag from 24m
o EWP-12: 8m at 58.37g/t Ag from 20m
o EWP-24: 8m at 54.87g/t Ag from 40m
• Mineralisation trends interpreted to be over a 12km strike

12kms strike currently surrounded by purely copper - I'm looking forward to both being advanced in tandem

Chesterfield Resources is a copper-focussed exploration company with a project in Cyprus and the proposed new Adeline copper project in Labrador Canada, contingent, among other things, upon the publication of a prospectus. In December 2020, Polymetal International, the FTSE100 mining group, took a 23% strategic investment in Chesterfield via a placing of new shares. Upon completion of the acquisition of the project in Labrador, Altius will similarly become a strategic partner, with a 10% holding in the Chesterfield, and a 20p warrant over a further 10% of the company.



The exploration team is led by two veteran industry geologists Neil O'Brien, formally SVP Exploration & New Business Development, Lundin Mining, and Dave Cliff, previously Head of Exploration Europe, Rio Tinto.



In Cyprus the company holds the largest mineral exploration licence area of any operator on the island.

CHAIRMAN OF FTSE GOLD INDEX COMMITTEE TO JOIN WISHBONE BOARD

Wishbone Gold Plc (AIM: WSBN), the London listed precious metals trading and exploration company, advises that Mr David (Sam) James Hutchins, age 60, has agreed to join the board as a non-executive director effective on the date of this announcement.

Mr Hutchins is a highly experienced gold specialist and natural resources fund manager, having previously run various funds at M&G Group Plc and several other UK commodity focused funds over the years.

He is currently the Chairman of the FTSE Gold Mines Index Committee and a Member of the Chartered Institute for Securities & Investments.

Richard Poulden, Wishbone Plc's Chairman, commented,

"We are very fortunate to have Sam join the board of Wishbone. His extensive fund management experience gives him an insight into the structure of many deals which have been concluded across the industry. His knowledge of this and of the global gold industry will add significant value as we move to explore and develop our exciting portfolio of assets."

Commenting on his appointment David Hutchins said,

"I am honoured and excited to be joining the board of Wishbone following the expansion of its gold exploration portfolio in Australia. I look forward to helping the company grow and develop those assets for the benefit of shareholders."

Highlights:



· 3D inversion of the Red Setter ultra-detailed magnetics has delineated 3 highly magnetic bodies over an expanded area now covering 3km x 1km.

· Largest individual priority 1 magnetic target has a 1500m strike length with a width of 400m and starts at around 75m from surface.

· Magnetic survey reveals that all magnetic targets are much shallower than 150m-250m depth previously modelled.

· The relatively shallower target depth is strongly advantageous both from an exploration and future development potential perspective.

· The Red Setter Project is located 13km south-west of Newcrest Mining's Telfer Gold-Copper Mine and 60km west of Newcrest and Greatland Gold's Havieron discovery.

The highest priority magnetic bodies within Red Setter (Referred to as Targets A, B and C in Figure 1) cover an expanded area of 3.5 km in strike length and 1 km in width. The highest order Target A occurs over a strike length of 1500m with a width of 400m and occurs within 50-75m of surface. Results of this modelling shows several north plunging magnetic bodies within this anomaly of equivalent susceptibility (possibly pyrrhotite alteration) to that evident at both Newcrest Mining and Greatland Gold's Havieron and RioTinto's Winu discoveries.

Richard Poulden, Wishbone Gold's Chairman, commented,



"With silver becoming increasingly in demand with the climate change agenda initiatives, the silver potential is exceptional here at Cottesloe. This project is a very exciting new acquisition for Wishbone. The acquisition of this project more than doubles our tenement size in the exciting Patersons Range region of Western Australia. We see the potential for Cottesloe to host both precious metals and base metals as very high, based on historic data available through the Western Australian Government archives. The Company is well placed to move quickly on the due diligence process on Cottesloe, having recently completed the acquisition of our three other tenements in the same area. Technical and legal due diligence is underway and further updates will be advised as soon as they become available."



Wishbone Gold Plc, the London listed precious metals trading and exploration company, advises that it has signed an exclusive deal to acquire 100% ownership of the 92.19 square kilometres Cottesloe Project in the Patersons Range region of Western Australia (the "Cottesloe Project"). This proposed acquisition will more than double Wishbone's exposure in the well-endowed gold province of the Patersons, increasing Wishbone's tenement holding to 159 km2 from 67 km2.

GGP is 57kms away from WSBNs red setter

GGPs Havieron is 450 x 350 x 600 = 94,500,000

WSBNs is 57kms away and red setter target A is 1500 x 400 x 150 = 90,000,000
1500 x 400 x 300 = 180,000,000

13kms away from the largest gold/copper mine in Australia - Newcrest owned who we share our boarder with - "Our geologists, Terra Search, have excellent relations in the area having worked for both Newcrest and Geatland Gold. Accordingly, the exploration will be based out of the Terra Search camp at Newcrest's Telfer mine some 13km from Red Setter."

Geos are working out of the Newcrest Telfer mine 13kms away - and copper and gold found at red setter will be valued in the billions in the ground and will inevitably leed to a JV with Newcrest just like GGP

Havieron 25% GGP 75% Newcrest
Red setter currently 100% WSBNs

Like GGP sub 1p

+

Cottesloe Project Highlights:
• Rock chip geochemical sampling results reported up to 298g/t Ag
• Multiple significant drilling results including:
o SCR225: 5m at 102g/t Ag from 14m
§ Including: 2m at 165g/t Ag
o SCR247: 2m at 73g/t Ag & 4.6% Pb from 8m
o EWP-2: 22m at 42.7g/t Ag from 8m
§ Including 8m at 72.13g/t Ag from 22m
o EWP-3: 18m at 29.3g/t Ag from 6m
o EWP-7: 20m at 35.9g/t Ag from 2m
§ Including 2m at 100g/t Ag from 8m & 4m at 69g/t Ag from 16m
o EWP-11: 4m at 41.25g/t Ag from 14m & 10m at 41.6 g/t Ag from 24m
o EWP-12: 8m at 58.37g/t Ag from 20m
o EWP-24: 8m at 54.87g/t Ag from 40m
• Mineralisation trends interpreted to be over a 12km strike

12kms strike currently surrounded by purely copper - I'm looking forward to both being advanced in tandem