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I do think the licenses will look much better in violet, they will fit in with FQM and Barrick 😉

Remember we don't get full LME price for sulphide concentrate sold to the market but with treatment and refining charges at such a low we should still get a very good price for it.

When you least expect it.

Continuing the positive vibes, copper is up over US$9,700 / tonne at the moment, we just need to crack on and start producing more of it!

Why would anyone be interested in what you think butterball?

I was having a read of this geological report on the Konkla area:

https://portergeo.com.au/database/mineinfo.asp?mineid=mn012

and thought it was worth putting the geological map together with the Konkola West license and the location of the Mingomba deposit (in green).

https://tinyurl.com/9yn4dsmt

You can see that Mingomba sits in a syncline (ie, the dip of a structural fold) and that syncline runs into the NE corner of the Konkola West license. There is also a major fault line, the Fitwaola Fault, which runs very close to that NE corner. My guess would be that they would be initially looking at that area for drilling.

I contacted WH Ireland about that quoted figure for chrome concentrate price and it's their own research rather than a figure from Jubilee. He even quoted the same website that I use as a source for information but that is currently US$303-310 / tonne. I think I'll stick with my own figures which have closely matched the ones Jubilee quote.

Thanks Torino, I’m not sure where I got the 1800-2000m depth from, it does say a 2 holes for a total depth of at least 2000m in the original RNS! After those 2 holes are completed the parties will then form a JV company to hold the license prior to further exploration.

This from KoBold:

“KoBold looks forward to working with Tertiary and Mwashia on the Konkola West project. The Zambian Copperbelt has historically seen little exploration at depth, and the Konkola West licence is a great prospect to see if ore systems like those at Konkola or Mingomba also occur at depth within this licence. We will be able to use the equipment, experienced team, and data-science tools that we’ve assembled while drilling the nearby Mingomba deposit to improve our chance of success at Konkola West. We look forward to starting drilling as soon as practical.”

Mfikeyi Makayi, Chief Executive Officer, KoBold Metals Zambia

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.

Loooking back at old screenshots they have shown 9 holders in the past so I guess thats not it.

Gary he’s not excited, he does the same thing on every share he posts on. Pump and dump merchant, just like Earl of Lame.

Surprised we didn’t see a TR-1 for Quantock Plc dropping below 3%… unless jubilee only display the top eight holders and Peppermill Ltd have bumped them down a spot.

There’s a Peppermill Ltd registered in the British Virgin Islands, “ C/O Bison Financial Services Limited”

I was wondering when Tweedle-Dee would show up.

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.

KoBold have now commenced drilling at TYM’s Konkola West license. Anglo shouldn’t be too far behind!

Drilling underway at Konkola West. 😀