RE: RNS - Game on!21 May 2024 08:45
As a reminder, or for those who don't know, Konkola isn' the only news we are waiting on....
The new Joint Venture agreement with Zambian partner Mwashia Resources for three of the licenses, Mukai, Mushima North and Jacks Project. Once the ownership of the three licenses has been transferred into the 'newco' then they can activate the shareholder agreement and could potentially be in a position to proceed with any JV's with other companies on those licenses. At the moment the three licenses are 'pending transfer' in the Cadastre website (but bear in mind that this may not be up to date yet). Tertiary has previously stated in an RNS that they have had interest in several of these licenses "from major mining companies". All three licenses have drill targets defined, including Mukai, where the anomaly extends into FQM's Trident area. In my view the whole reason for this re-jigging of the license ownership is because they expect to execute a JV on at least one of these three licenses once the 'newco' has ownership of them.