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Kobold are planning to drill to 1800-2000m so presumably thats the kind of depth they are expecting to see any mineralisation. I wouldn’t be too concerned about the depth, if it’s contiguous with the Mingomba deposit (which is also deep) then it could be developed as part of that mine.
Quite a lot of shares have been moved around in the last few months. I’m pretty sure that’s what’s happing today too. I just wish they would sit on their hands a bit like the PI’s have been doing! It causes such a drag on the SP.
Reposting this for any new interested investors:
Obviously focus is currently on the active drilling at the Konkola West license by KoBold Metals. This will test for a deep extension to the ore shale which hosts the recently discovered Mingomba high grade deposit and several operating mines. That's not the only string to the companies bow though. Here's a quick guide to the other Zambian licenses, rather than me typing it, here are some video presentations the company did:
Jacks project: https://x.com/Tertiaryplc/status/1726875006255194188
Mushima North: https://x.com/Tertiaryplc/status/1714543279717363797
Mukai: https://x.com/Tertiaryplc/status/1701903712094929119
These are the licenses that were recently re-negotiated with the local partner to bring them all under the ownership of TYM and make it easier for any potential JV's. All of these licenses are drill ready. The company has previously mentioned that there has been unsolicited JV interest in the licenses from “major mining companies”.
The company also has 100% ownership of the Mupala license which is directly adjacent to the Anglo American / Arc Minerals JV and very close to where Anglo have been drilling.
In addition to the Zambian licenses there is the Storuman fluorspar project in Sweden. The license for this project was cancelled several years ago by the Swedish Mining Inspectorate but last year the Government cancelled the annulment and asked the Inspectorate to reconsider the application. Should this be approved it will certainly have a positive effect on the SP. It's now more than 6 months since this was announced so we could hear something relatively soon.
There are other licenses in USA but they seem to be on the back burner at the moment.
I’m sure the buys will continue to come in as drilling progresses. Don’t forget the SP has almost doubled in a short time so there will be profit takers along the way.
I’m still expecting news of another JV before too long. They have already said there has been unsolicited interest in the other licenses and now the price of copper is taking off the interest will be stronger than ever.
Obviously focus is currently on the upcoming drilling at the Konkola West license by KoBold Metals, which will check for a deep extension to the ore shale which hosts the recently discovered Mingomba high grade deposit and several operating mines. That's not the only string to the companies bow though. Here's a quick guide to the other Zambian licenses, rather than me typing it, here are some video presentations the company did:
Jacks project: https://x.com/Tertiaryplc/status/1726875006255194188
Mushima North: https://x.com/Tertiaryplc/status/1714543279717363797
Mukai: https://x.com/Tertiaryplc/status/1701903712094929119
These are the licenses that were recently re-negotiated with the local partner to bring them all under the ownership of TYM and make it easier for any potential JV's. All of these licenses are drill ready.
The company also has 100% ownership of the Mupala license which is directly adjacent to the Anglo American / Arc Minerals JV and very close to where Anglo have been drilling.
In addition to the Zambian licenses there is the Storuman fluorspar project in Sweden. The license for this project was cancelled several years ago by the Swedish Mining Inspectorate but last year the Government cancelled the annulment and asked the Inspectorate to reconsider the application. Should this be approved it will certainly have a positive effect on the SP. It's now more than 6 months since this was announced so we could hear something relatively soon.
There are other licenses in USA but they seem to be on the back burner at the moment.
Just for a laugh I read through WonkeyDonkey's posting history.... talk about glass half empty! It's a shame people have to earn a living this way isn't it? What do you do when you are not talking down companies you have "no interest" in? Cold call pensioners to scam their life savings?
Yes, I don't think that many investors have made the connection yet as to why KoBold want to drill TYM's license. The ore shale that hosts Mingomba (and Konkola) is part of a massive mineralised system which goes all the way to DRC, it dips in the direction of Konkola West license area, hence why they want to test for a deep extension to that same system.
Because KoBold use AI modelling to predict where is the best place to drill I would think they have a pretty good reason behind wanting to test that location, it's not just drill and hope.
Here's a video from KoBold if you haven't already seen it:
https://www.youtube.com/watch?v=jbpHkJhDxKI
The JV with TYM gets a mention.
From KoBold's own numbers, they started with one rig in Feb 2023 and by August they had expanded to 6 rigs. By December they had drilled a total of 33,600 m. You can do your own estimates but I think a month is probably optimistic.
I just had a look at the latest satellite image of the licenses in Botswana and I can see that Khoemacau have drilled / are drilling the hole which was closest to the Arc license boundary. You can see a very clear bright area at the planned drill location which wasn't there 2 weeks ago. If Arc prove that the mineralisation continues across PL135 then that will be a very attractive target for development.