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Yawn

I should also point out that the data for those overlays was from before KoBold took over the Mingomba area and started the major drilling campaign. It’s a bit misleading to say that KoBold ‘discovered’ the Mingomba deposit with AI. It was already known about from previous drilling. What they did was rapidly establish the scale and grade of the deposit using AI, by targeted drilling.

I refer you to my previous post.

Fine, I've pointed out where you were clearly wrong, even if you chose to ignore it. I put that borehole on the map to illustrate where it is relative to the license (4km at the nearest point). Oreshales are shallower near the Konkola Dome, where that borehole is located so not representative at all of whats happening at the license area.

Maybe you should try and focus more on accuracy rather than pumping out reams of posts.

Anyway the point of my post, information I haven't seen anywhere else, is that ore shales are thicker and more high grade in the east and south of the Lubambe and Mingomba area, closest to Konkola North, which explains why KoBold are so interested in drilling that northern part of the license.

Https://x.com/navseis/status/1795030548470956082?s=61

News... honestly you are absolutely full of it. I have no interest in your "thesis". You used the results of a borehole (NKC-40) to back up your idea that there is shallow mineralisation on Konkola West, despite me pointing out that the borehole is a long way from the license (at least 4km) and is near the Konkola Dome where ore shales are shallower.

You ignored what's in the RNS glossary which tells you exactly what marker horizons are and instead made up your own crazy thesis which assumes that they mean mineralised strata.

You seem ignorant of colloquial English... when did an RNS EVER say we are awaiting assay result? It's always assay results. To infer anything from that is just wrong.

Believe me the shear amount of information you put out is no guarantee of accuracy.

On the subject of solar power, I checked IRH’s parent company, IHC and they do have a company which installs solar farms… maybe they will be motivated to look into that in Zambia!

Https://x.com/navseis/status/1795030548470956082?s=61

Looking at these overlays makes it more clear why KoBold are drilling in the North of Konkola West license.

If the price is unsustainably high then demand will drop. People won’t buy EV’s if they are vastly more expensive than the alternative (as an example). We already saw this with rhodium when it spiked to US$30,000 / ounce. In the fibre glass industry rhodium dies were replaced with much cheaper rhodium alloys, resulting in stocks of rhodium being dumped back onto the market and a subsequent crash in price.

Companies are already testing the waters (so to speak) on the appetite for mining of seabed poly metallic nodules, potentially avast source of copper, cobalt and other metals… but with who knows what potential for damage to the marine environment.

Anyway hopefully Jubilee can start to meaningfully contribute to the copper shortfall in the near future. I see plenty of complaints about mistakes made by Jubilee over the years, yet the fact remains that they have achieved something with chrome that nobody else has yet achieved. Now they are trying to achieve the same with copper in a country with lots of infrastructure challenges. Maybe some people need to consider the bigger picture rather than focusing on little delays and mistakes.

The main issue for me at the moment is the power situation in Zambia. At the weekend, 12 hour loadshedding was announced in Lusaka. I’ve no idea how Jubilee will be affected but it’s clear that over reliance on hydro-power is likely to be a long term problem so a solution is needed. Perhaps dedicated solar plants at Roan and Sable?

For anyone who doesn't understand the technical terms used in an RNS, usually you will find a glossary somewhere at the bottom which explains the terms used. This was in the last RNS:

Glossary of Technical Terms

Marker horizon - a stratigraphic unit commonly found over a wider geographical area than other stratigraphic units and which, despite its presence in separate and otherwise unconnected geographic locations, has common and distinctive characteristics that define an equivalent age and common origin for that stratigraphic unit at each location.

Stratigraphic unit - a layer of rock of identifiable origin and relative age range that is defined and mapped by the dominant features that characterise it.

Stratigraphy - a branch of geology concerned with the study of rock layers (strata) and layering (stratification). It is primarily used in the study of sedimentary and layered volcanic rocks. Also a term, used loosely as in this case, to describe a grouping of successive stratigraphic units.

So all PC was saying was that known rock layers seen above the ore shale at established mines have also been observed in the drill core to date. Because the layer thickness varies a lot over large areas it's not possible to predict when they might intersect ore shale mineralisation.

Let's all remember that post where Wonkey said he would be selling for a few percent profit on his imaginary holding, despite the fact that he acknowledged the very real possibility that the licenses contain one or more tier one copper deposits.... what a genius eh? 😂

Whoever's paying you for these posts... If it was me, I'd want my money back.

I found this interesting profile which shows the depth of the ore shale between Lubambe Mine and KCM mine which I've overlayed in Google Earth. If you zoom in you should be able to read the depth scale, which is relative to sea level. It looks like surface is approximately 1350 above sea level so you can figure out the depth from that. The area called "Lubambe Extension Area" is now Mingomba.

https://tinyurl.com/yubjf6ev

I've also added the location of Borehole NKC-40 (which news posted about). Mineralisation was reported there at a depth of 844m, which would equate to approximately 500m above sea level on that depth profile, so you can see it fits with the general trend.

Https://x.com/navseis/status/1794332518319349847?s=61

It was in the latest RNS on Tuesday.

By the time the markets open again on Tuesday, the first drill should be somewhere around 1200-1250m downhole depth. Starting to get into very interesting territory! Looking at the photos and video from site, it looks like they are drilling almost vertically so the downhole depth should be pretty close to the vertical depth.

He's just trying to promote this post with the negative title to the top again... it's a standard deramper tactic.

Here's the note:

https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2024/05/20240524-Allenby-Capital-Commodity-viewpoint-May-2024.pdf?c4164=on

"Investment view

Arc Minerals as of mid-May was trading at 1.8p/share, close to a five-year low. The

market capitalisation at this price is £26m. Arguably, the lacklustre trend in the share

price is a surprising result given the prospectivity of Arc’s projects, the free-carry

financing provided by Anglo American on the ZCP project and generally bullish market

perceptions concerning the outlook for copper long term. We believe ARC is

undiscovered and a potential beneficiary of positive news flow emanating from the

imminent drilling programmes at ZCP and Virgo."

Ah I see they are an AIM nomad and broker... not heard of them before.

A new research note is available including ARCM for anyone with access. I wonder if they have been buying.

Mikie, I would guess the price they pay for the RoM is linked in some way to the chrome price but we haven’t been given any detail on that so hard to say really. Any increase is obviously a positive though and the current price is as high as it’s been in recent years.

Chrome concentrate price is up again this week, reported at US$310-315 / tonne.