Member Info for Positivevibes

Funding agreement(s) with the various prospective funder(s) are subject to the following principal conditions, as set by the prospective funders:

1. The Company must complete and deliver a restated Resource and Reserve Statement for the Project;

2. The Company must prepare and deliver an independent valuation report for the Project;

3. Completion of due diligence investigations by each of the prospective funders; and

4. The Blyvoor Joint Venture, currently unincorporated, must be converted into an incorporated venture

The current status towards meeting each of the above-mentioned funding conditions are as follows:

1. With regard to points 1 and 2 above; the technical reports referenced here are in an advanced stage of preparation and final draft versions have already been received for review and will be available for release shortly to the potential funding parties;

2. Prospective funders have commenced due diligence investigations, with completion subject to receipt of the above referred technical reports which would underpin the due diligence exercise; and

3. The joint venture partners have already agreed to proceed with the incorporation of the unincorporated Blyvoor Joint Venture and are currently negotiating the final terms and conditions of incorporation which will ensure due alignment with the parties' rights and interests as captured under the existing unincorporated version of the Blyvoor Joint Venture.

The existing Blyvoor Joint Venture Agreement will remain in place until the Blyvoor Joint Venture has been incorporated as detailed above.

The impact of COVID-19 remains a debilitating reality and it will, based on current projections, continue to influence the pace and manner in which agreed deadlines can be met. Over the past months COVID-19 has contributed to significant delays in various aspects of our ongoing work on the Project, which the Company and its joint venture partners have been able to contain and mitigate very effectively to date and which the Company believe it will be able to do for the foreseeable future on account of thorough and diligent contingency planning.

Obviously things can only progress as fast as possible with covid being a factor. Giving timelines means missing timelines like previously, but with all signs showing things are moving forward and in the right direction, am happy to wait slightly longer. On funding news KATs a certified no doubt about it multibagger at 7mil Mcap - would love and update from hanteti shortly too

4 November 2020
Wishbone Gold Plc
("Wishbone" or the "Company")
Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN
GOLD TARGETS IDENTIFIED – HAVIERON / TELFER PROJECT
Wishbone Gold Plc (AIM: WSBN), the London listed precious metals trading and exploration
company, advises that it’s independent geological consultants in Australia, Terra Search Pty
Ltd (“Terra Search”), have identified four magnetic targets of considerable size covering
2.4km by 400m on its Patersons Range Project in the Havieron and Telfer region of Western
Australia. Significantly, these targets are much shallower than the Havieron discovery, with
the top of the magnetic targets ranging from 150m to 250m below surface.
In addition, Wishbone advises that it has now completed its legal and technical due diligence
on the Patersons Range Project tenements and will now move to close the acquisition on
the terms announced on 5th October 2020.
Terra Search, who have considerable exploration experience in the nearby Havieron gold
discovery, have concluded a technical review on the 57.4km2 tenement EL 45/5297, which
comprises a major part of the 67km2 tenement package being acquired. EL 45/5297 is
located only 13 km south-west of Newcrest Mining’s Telfer Gold Mine and about 60 km west
of Newcrest and Greatland Gold’s Havieron discovery.
Terra Search concluded:
• Modelling of the available Government magnetics by independent geophysics
consultants, Terra Resources, shows several north plunging magnetic bodies of
equivalent susceptibility (possibly pyrrhotite alteration) to those evident at both the
Havieron discovery and Rio Tinto’s Winu discovery in the Patersons Range area.
• The four main magnetic targets cover an area of 2,400m x 400m, which when
compared to the ~500m x ~300m Havieron footprint, is a significant potential target
zone.
• Depth to the shallowest feature on the tenement is estimated to be at ~150m below
surface. The deepest feature is interpreted to be ~250m below surface.
• The Permian cover in the area, is estimated to be around 100m in depth on E45/5279
compared to the ~400m Permian cover at Havieron

https://thedriven.io/2020/12/18/europe-reaches-one-in-11-electric-car-sales-30-are-in-germany/

The above table indicates an NPV equating to a KEFI share price of 11p at a 65% interest and a US$1,700/oz gold price, excluding any other KEFI assets, notably the deposits discovered Saudi Arabia, the Hawiah copper-gold-zinc-silver and Jibal Qutma gold deposits.



Commenting, Harry Anagnostaras-Adams, Executive Chairman of KEFI, said: "I am delighted that we continue to attract strong African experienced participants in our Tulu Kapi funding structure in a manner that enables KEFI and its Government Partners to increase their beneficial ownership, for KEFI to c.65% of the Tula Kapi Project. The refined structure set out today is in accordance with the overall plan already approved by TKGM and the regulatory authorities and now includes investment from a well-capitalised and internationally prominent local investor and a global mining finance specialist.



"The pandemic has meant that the TKGM team have worked even more closely with the Government agencies at all levels and other stakeholders, enabling us to adhere to the overall Project timetable targeting production start-up in Q4 2022.



"The improved gold price outlook and our negotiations over the past few months have switched KEFI's focus from owning 45% of a 140,000 oz p.a. operation to owning 65% of 190,000 oz p.a. operation, essentially doubling KEFI's beneficial interest in terms of net production per annum. The Ministry has reserved for KEFI its exploration rights to over 1,000 square kilometres of the surrounding land for exploration and we are confident that in due course we will significantly boost reserves from satellite deposits and further expand the mine life beyond the term of the current economic model. We see Tulu Kapi as a mining district and not just one or two mines.

Covid has caused delays, but within the coming days/ weeks full funding will arrive.

Louis Coetzee, Executive Chairman of Katoro, said: "The technical development of the Blyvoor Project, supporting the rapidly advancing funding process, has now reached the critical final stages where new and historical work is integrated and optimised. The preliminary resource update results have exceeded expectations with a c. 10% increase in the total resource, but most importantly, with a c.62% component of the total Blyvoor Project resource (all the TSF's) now in the Measured and Indicated category.

"A further extremely positive indicator is the expected future conversion of c. 90 - 94% of the total diluted resource for TSF 6 and 7 to a Potential Proven and Probable Reserve. Additional resource upgrade work for the remaining TSF's is not necessary at this stage and will be conducted once the Blyvoor Project goes into production as part of ongoing production planning.

"As we have always believed in the viability of this project, the preliminary results reported in this RNS support our initial assessment and will significantly progress ongoing funding initiatives."

What will the Mcap be, on 40mil + funding
And a large maiden resource from hanteti
Within the come weeks

1.3mil Oz - 7mil mcap

https://www.proactiveinvestors.co.uk/companies/news/935323/bahamas-petroleum-plans-17-well-campaign-in-trinidad-and-suriname-to-transform-production-base-935323.html

My first ever investment, December 19 2016

Congratulations all

We're waiting for full funding anyday now, derisking blyvoor fully to production at the end of next year. 40mil + also haneti nickle results

"The third party analysis on Red Setter has already identified 4 clear magnetic targets over a strike length of around 2.4 kms and work currently being undertaken will provide drill targets for the first quarter of next year. One of the attractive aspects of Red Setter is the relatively shallow depth of the main prospects at 150 - 250 metres below the surface."

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN) the London listed precious metals trading and exploration company announces that further to the announcements made on 5th October and 4th November 2020, the Company has now completed the acquisition of the Patersons Range Project.

Chairman Richard Poulden commented: "This begins an exciting new phase in the Company's expansion. Our work programs on the properties in Queensland are progressing well and we have now commenced discussions with our exploration teams in Western Australia on the next steps in the Paterson Ranges to fast-track our assessment of the four main magnetic targets covering an area of some 2,400m x 400m, which when compared to the ~500m x ~300m Havieron footprint, is a significant potential target zone, as announced to shareholders a week ago."

"This placing provides the Company with strong cash reserves to push forward with exploration on the new Red Setter Project in the Patersons Ranges near Telfer in Western Australia. It will also allow us to extend the exploration efforts in Queensland to include the newly applied for Wishbone 6 EPMA, which adjoins Wishbone's other leases just north-west of the Ravenswood Gold Mine".



"The third party analysis on Red Setter has already identified 4 clear magnetic targets over a strike length of around 2.4 kms and work currently being undertaken will provide drill targets for the first quarter of next year. One of the attractive aspects of Red Setter is the relatively shallow depth of the main prospects at 150 - 250 metres below the surface."

https://energycentral.com/c/ec/map-gigafactories-under-construction-europe-update-nov-2020

ZNWD will be picked up next year, being a large lithium mind ready for production in Germany - holding and loading for a similar 5x+ return next year to EMH this year being 12 months behind them in development. Great investment imo

https://www.proactiveinvestors.com.au/companies/news/936647/european-metals-welcomes-strong-start-on-nasdaq-international-and-outlines-2021-plans-936647.html

News shortly - funding in 2021

ZNWD a giant German lithium also to have a big boost in its sp in 2021 as Keith says All local lithium mines will come online to meet the demand at home, instead of importing from China and Australia

Anticipation building before we start drilling again in q1, were the first results were excellent, right next to GGP

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN) the London listed precious metals trading and exploration company announces that further to the announcements made on 5th October and 4th November 2020, the Company has now completed the acquisition of the Patersons Range Project.

Chairman Richard Poulden commented: "This begins an exciting new phase in the Company's expansion. Our work programs on the properties in Queensland are progressing well and we have now commenced discussions with our exploration teams in Western Australia on the next steps in the Paterson Ranges to fast-track our assessment of the four main magnetic targets covering an area of some 2,400m x 400m, which when compared to the ~500m x ~300m Havieron footprint, is a significant potential target zone, as announced to shareholders a week ago."

In accordance with the Company's preferred funding strategy referred to in previous announcements on 21 July 2020, 3 September 2020 and 30 September 2020, the Company has received expressions of interest for funding of an amount significantly more than the peak funding requirement (US$36.4 million) announced on 7 May 2020. The expressions of interest for funding, amongst others, includes a formal non-binding term sheet for funding, which if agreed and accepted by the Blyvoor Joint Venture, will be sufficient to fund up to 40% of the peak funding requirement referred to above.

As the last interview stated, without covid, we could already be over the line, and that it's a case or just a little longer. To recieve 5x+ our current Mcap in funding unlocking 1.34 Oz that has recently had up to 10% increase.

+ Hanteti

+ Cash payments due.

On 40mil+ funding and a large nickle strike, I honestly believe katoro could have a 70mil Mcap in the next 8 weeks. The asimetrical risk reward and asset size Vs mcap makes this such a interesting investment. Exciting times ahead

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN) the London listed precious metals trading and exploration company announces that further to the announcements made on 5th October and 4th November 2020, the Company has now completed the acquisition of the Patersons Range Project.

Chairman Richard Poulden commented: "This begins an exciting new phase in the Company's expansion. Our work programs on the properties in Queensland are progressing well and we have now commenced discussions with our exploration teams in Western Australia on the next steps in the Paterson Ranges to fast-track our assessment of the four main magnetic targets covering an area of some 2,400m x 400m, which when compared to the ~500m x ~300m Havieron footprint, is a significant potential target zone, as announced to shareholders a week ago."

"The third party analysis on Red Setter has already identified 4 clear magnetic targets over a strike length of around 2.4 kms and work currently being undertaken will provide drill targets for the first quarter of next year. One of the attractive aspects of Red Setter is the relatively shallow depth of the main prospects at 150 - 250 metres below the surface."

https://www.proactiveinvestors.com.au/companies/news/936647/european-metals-welcomes-strong-start-on-nasdaq-international-and-outlines-2021-plans-936647.html

His words. I don't mind when it comes.

Fantastic posting zeratul

17mil for Giant German Lithium Mine says it all

2021 will be a great year ZNWD, having a Large amount of an In Demand metal, sourounded by potiencial partners and perfectly located.

Holding and loading

https://energycentral.com/c/ec/map-gigafactories-under-construction-europe-update-nov-2020

Still sub 100mil mcap for the largest lithium mine in the European Union

And the fourth biggest in the World

Keith says news before Christmas, as we approach 2021