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What I’m saying is that the license you are talking about is not the same license that is now called Konkola West. Have a look at the map and compare it with the licenses in the mining Cadastre website.
News, you might want to look at the map in that report. License PLLS175, referred to as Konkola West, is not the same license that TYM now have. It’s actually refers to the license to the north of Konkola West, 8625-HQ-LML, now owned by Suhails International Limited.
Actually all three of the LML applications are at the same stage, Application Validated and Pending MLC decision. That was updated shortly after the last MLC update was issued.
I guess these applications are being driven in part at least by Anglo, they are planning to explore the licenses systematically over (potentially) several years so they need to make sure that they don't loose half of each license each time they come up for renewal. A 25 year mining license allows them to do that.
All you can do is do your research and invest in companies with licenses that have good potential. There are no guarantees in exploration, it's high risk / high reward. No point complaining if it doesn't pay off, it's your decision to invest or not. All I'll say is that for a company with a MCAP of less than 3 million, they have a number of projects with potential to cause a re-rate.
There have been rumours circulating about NASDAQ making a bid for AIM:
https://www.thisismoney.co.uk/money/comment/article-13341575/Dont-let-Nasdaq-aim-AIM-market-says-MAGGIE-PAGANO.html
If that happens we might not need to go anywhere!
Anglo are about to restart drilling on the Arc Minerals JV, just a few km away from Mupala, further along the Roan geological outcrop which runs right through the Mupala license. All of the major discoveries in that area are closely associated with the Roan geology, if Anglo make a signifiant find nearby then Mupala will become even more. interesting. It was a fantastic steal to get that license ahead of Anglo, who used to own the exploration licenses across that whole area of the Domes before they left Zambia.
I think the main problem is likely to be module production capacity. If it's the same manufacturer producing the chrome modules and the copper modules, they are going to be bottlenecked. As I understand it they have capacity to manufacture two modules at once, at the moment they are working on the additional chrome modules for Thutse. The module for Munkoyo isn't expected until the end of this calendar year. Where's the capacity for the IRH modules? It may be that they have secured additional capacity but we don't know that.
They started drilling on 16th April and on 25th there was a photo of the core shed tweeted which showed they were close to 190m. That equates to about 24m / day. If they keep that same rate then they should be somewhere near 500m by now.
I see that I wrongly tweeted that the Nguba formation is below the Roan formation when of course as has been pointed out it's actually overlaying the Roan. I think there's a bit of confusion over terminology though. I believe when Vasillios is talking about collaring quite high up in the sequence in the Nguba formation he's talking about at surface not at the end of the hole. The lowest stratigraphy they encountered was the Lower Roan at 930m so presumably this continued further down beyond the drill.
Some coverage from the forum. No interview with Ricus in this one but there may be more to come. There is mention of Jubilee giving a presentation to the delegates before a visit to site (about 21 min.)
https://youtu.be/zq027tZO6fQ?si=YjJ4UN8ZUScsuN9N
This was from the project status update RNS on 6th November:
“ We have reported exciting soil sampling results from both the Mukai and Mushima North copper projects in Zambia this summer and similarly at the Jacks Project at the back end of 2022, following an initial drill programme. Management has proposed drilling programmes for all three projects which the Board considers to be justified. The foundations we have laid in 2023 will stand us in good stead as we progress to the exciting drill-discovery stage and has generated joint venture interest in a number of our projects, THE FIRST OF WHICH we hope to finalise soon at Konkola West."
The fact that we haven’t seen any drill plans for this season yet suggests to me that they are working on another JV.