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Fantastic write up! Hopefully that grabs the attention of a few more investors.

Dru, yes thats what I’m looking at too. You can improve things somewhat by playing around with the sampling / gain / gamma corrections but even so it’s pretty limited what you can see. If you look at the most recent Google Earth image it shows two squarish areas to the South of the plant, which I think are concrete bases for the new front end. In later Sentinel images you can just about make out several more of those.

Anyway hopefully we will be getting a video from Jubilee, showing the plant in action, like they did for the Chrome plants!

Looking again at the satellite images at Roan; I can make a little timelapse because there is a new image every 5 days. One thing I can say is that large white bags (presumably used for transporting the concentrate) have been appearing and dissapearing with regularity which suggests to me that they are processing something! No guarantee it's coming from the expanded Roan but one of my concerns was the power situation so as long as they are able to produce concentrate, presumably the power situation isn't a problem. I might be wrong of course!

Adw198, you seem to misunderstand who's in charge now. This is Anglo Americans show and they will have different priorities to a junior exploration company. Look at any of the JV's with majors, they don't try and rush out the results of every drill... it's not going to impact their share price significantly.

Adw198, If you listened to the last investor call you would be aware that Anglo drilled one stratigraphic hole (ie, to gain more insight about the geology of the centre of the basin) which was about 1km downhole. After that the rains stopped further progress. Vassilios said the drill indicated potential for copper and nickel (which implies they hit mineralisation but not how much). We will only get any results when Anglo choose to get them assayed and release them. To base your investment concerns on the first hole of a multi year campaign seems a bit premature to me but each to their own.

“ WHI View: We are encouraged by today’s news, the IP results reported today enhance the robustness of Arc’s drill targets. In the context of regional geological models, the combination of copper in soil anomalies and a high-chargeability anomaly (possibly related to sulphides) in the area of the interpreted redox contact make for a compelling exploration target that warrants drilling. Furthermore, the identification of a new deeper target based on coincident highchargeability and low-resistivity anomalies (possibly consistent with a sulphide bearing intrusion) adds to the prospectivity of the Virgo copper project. We will monitor the results of the drill programme as they are released. We still see fair value at 5.8p. ”

I added the IP chargeability survey results to the map at the end of the blog, just so you can see how it fits with the drilling. Remember we are likely looking for a mineralised bed which is only a few meters wide and which could be steeply dipping so our previous drilling which was angled to the NE might have just caught the edge of that.

https://seisnav.blogspot.com/2022/07/arc-minerals-in-kalahari-copperbelt.html

Also have a look at the map for 02/12/2022, which shows Zone 9 drilling, it's a bit further NE than in the map that Arc showed. Notice the chargeability anomaly bends towards the east at the end... does it continue all the way around the edge of the dome to meet up with Zone 9?

All of the Zambian licenses have some potential, this is really a make or break year for Tertiary, one good set of assays and company should be worth multiples of where we are now.

Obviously all eyes are on Konkola West with Kobold. I'd love to know what data they used in picking the drill locations, we know they have geophysical data but do they have other nearby drilling to guide them? We should know something in the next week or two anyway.

Mukai I've already mentioned, the copper in soil anomalyis on the boundary of the FQM Trident project area, close to the Enterprise Nickel mine and Sentinel copper mine. There is also a large nickel-scandium anomaly running through the license so there is a possibility of another copper/nickel deposit like Enterprise:

https://x.com/navseis/status/1795763828841422922?s=61

FQM are surveying the whole Trident area, looking for deposits to extend the life of that project so of course they are going to be interested in the Mukai anomaly.

Mushima North is one that you might no consider too significant at first glance, its well South of the main Copperbelt and away from the big mines... but try googling Kalengwa Mine. That is a few km to the west of the Mushima North license and was thought to be the highest grade copper deposit ever found in Zambia, with a core grade of 27%! It was discovered by drilling a low level copper anomaly which was co-incident with a gravity anomaly.... the same situation that exists at Mushima North.

Jacks Project has multiple copper in soil anomalies but I haven't looked too much into that one as yet.

Not bad for a company with such a tiny market cap.... surely that has to change this season so that they can raise money without destroying the share price!

Fiat, the IP survey method uses a two pairs of electrodes, one pair passes a current through the ground and the other measures its effects at various points around the survey. Chargeability is very good at picking up sulphide mineralisation in particular which is why it's being used in this case. I haven't used that method since I was at university so it's all a bit vague now! Just google IP survey and changeability if you want to know more about it.

Exactly what we expected to see, continuing the khoemacau find. The deep target is interesting!

I wouldn't want to hazard a guess as to the source of the material Mikie but I noticed that one of the tailings dumps has recently come into use and the colour of the material there is the same... not sure if that means they are already processing it or it's being used as a temporary storage site.... all will be revealed in time no doubt!

I guess all of those institutions buying at these levels must be calling it wrong then CJ66! Interesting £200,000 buy there earlier.

I've been having a look at the Sentinel satellite images for the Roan area and although the resolution is frustratingly not quite good enough to see exactly whats going on, I can just about make out the new front end setup. More obvious, there has been a steadily increasing pile of material, which I'm assuming is feed, over the last 2-3 months. It's much lighter in colour than anything I've see there before... presumably from a different source. Not sure what it signifies but interesting all the same!

I see in the Cadastre that the Mukai license is now "Pending MLC Decision", the others are still pending renewal. Was that one done first deliberately because it's a condition of the potential JV? They have also chosen which area to keep and which to relinquish at renewal. Not surprisingly the area around the anomaly is being retained!

There's certainly a lot planned for this season with drilling planned at Mushima North and Jacks Project, A JV being negotiated on the Mukai License (with drilling expected there too), survey work at Mupala. Plus of course the ongoing drilling by KoBold at Konkola North.

It also seems that the Storuman Project is still on the table after they made a revised submission in April (so it looks like the Swedish news article I found was correct).

The Mukai JV is potentially with FQM because the copper anomaly lies on the boundary of their licenses and they have already done some drilling on their side of the license at what's known as the Tirosa prospect:

https://x.com/navseis/status/1795763828841422922?s=61

Mikie, I know that Vedanta need to raise money to invest in the development of Konkola Deep mine and were looking to sell a minority stake in KCM, IRH offered to buy a 51% stake in the company. I guess discussions are going on in the background. IRH are also reported to be trying to steal Lubambe mine (formerly Konkola North) from under the noses of the Chinese…. They certainly don’t mess about so a strategic partnership with them could open other doors for sure.

I found this information in a research report, it shows where copper-cobalt mineralisation is found for the various mines around the Copperbelt:

https://tinyurl.com/2x47fem9

Copied from the report:

"In the Eastern Zambian Copperbelt most major deposits are hosted within the lower Roan Subgroup

(Turlin et al., 2016). The deposits are stratiform and are differentiated into argillite-hosted and arenite-

hosted deposits. Argillite-hosted deposits occur mostly in carbonaceous dolomitic siltstones and shales

while arenite-hosted deposits occur both in the hanging wall and footwall of the ore shale unit (Figure

2-2). Generally, argillite-hosted deposits tend to have a longer strike length compared to arenite-hosted

deposits (Hitzman et al., 2012). The shape, size and distribution of the deposits is highly influenced by the

sub-basin fault architecture and the presence of reductants (Hitzman et al., 2012). The Konkola deposit,

shown as deposit 20 in Figure 2-3 is argillite-hosted and part of the shale belt."

Obviously the nearest mines to our area of interest are Konkola and Konkola North (now called Lubambe), both of which are mineralised within the ore shale itself rather than the strata above or below it.

I think a lot depends on the capacity of the manufacturer to produce these modules and what our priorities are. Is it the same manufacturer producing the chrome and copper modules? Hopefully if we can guarantee them a long term contract then they might be able to increase capacity.

Personally I don't think we will see more than one or two at most by the end of this year.

The OB1 Waste Rock Project will be a self contained entity so I guess the more modules the SPV is willing to fund the better for Jubilee. After that, yes it makes sense to go it alone once the Zambian business is self funding, but the company might have other ideas.

IHC / IRH are also interested in bidding for the Lubambe mine which was already up for sale, with the Chinese expected to buy it. They are investing in Zambia in a big way.