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Obviously focus is currently on the upcoming drilling at the Konkola West license by KoBold Metals, which will check 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 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.

Just for a laugh I read through WonkeyDonkey's posting history.... talk about glass half empty! It's a shame people have to earn a living this way isn't it? What do you do when you are not talking down companies you have "no interest" in? Cold call pensioners to scam their life savings?

I’m sure everyone knows EoA’s mo by now, he missed out here yesterday and again today…

Janet2007 is a BOT account, suggest reporting all messages to get rid of it

Yes, I don't think that many investors have made the connection yet as to why KoBold want to drill TYM's license. The ore shale that hosts Mingomba (and Konkola) is part of a massive mineralised system which goes all the way to DRC, it dips in the direction of Konkola West license area, hence why they want to test for a deep extension to that same system.

Because KoBold use AI modelling to predict where is the best place to drill I would think they have a pretty good reason behind wanting to test that location, it's not just drill and hope.

Here's a video from KoBold if you haven't already seen it:

https://www.youtube.com/watch?v=jbpHkJhDxKI

The JV with TYM gets a mention.

From KoBold's own numbers, they started with one rig in Feb 2023 and by August they had expanded to 6 rigs. By December they had drilled a total of 33,600 m. You can do your own estimates but I think a month is probably optimistic.

They are already in a joint venture... isn't that the point? Drilling is due to start within weeks.

I just had a look at the latest satellite image of the licenses in Botswana and I can see that Khoemacau have drilled / are drilling the hole which was closest to the Arc license boundary. You can see a very clear bright area at the planned drill location which wasn't there 2 weeks ago. If Arc prove that the mineralisation continues across PL135 then that will be a very attractive target for development.

I think the Sunday Roast guys will be visiting Jubilee’s operations toward the end of this month, in the 31st March podcast they mentioned about 4 weeks before they were due to head to South Africa and then Zambia. Hopefully there will be more news before that happens.

I watched a video of President HH officiating at the unveiling of a new solar energy plant in Kitwe yesterday. He again mentioned Chambishi Metals becoming active again. I get the feeling we will hear news on that sooner rather than later.

Unfortunately exploration takes time, especially when you are working with a very limited budget like TYM are and also in Zambia where there is (normally) a rainy season which stops activity for half the year. I think now is the year when things will start happening on multiple fronts, they are drill ready on most of the Zambian projects, with JV interest apart from KoBold at Konkola. The copper price will mean every mining company and their dog will be looking for potential deals… it’s now or never in my opinion!

This is from 16th Oct RNS:

“ All five projects are now at a stage where drilling priorities can be developed. One of these, Konkola West, is now subject to a term sheet for a joint venture and other projects have been subject to unsolicited joint venture interest from major companies.”

I’d be very surprised if there’s not an announcement of another JV or more before the drilling season starts. Mukai with FQM would be my guess, but Mushima North is also another possibility. That license is very close to one of the highest grade copper deposits ever found in Zambia, Kalengwa.

This is a news item from 2016, when the license was initially granted:

https://www.proactiveinvestors.co.uk/companies/news/122700/tertiary-shares-rocket-as-it-gets-storuman-mining-go-ahead-122700.html

If they get the go ahead again there should be a strong reaction in the SP.

Dru, yes that was my thought, you can see that the waste dumps at Bwana Mkubwa pit have really been developed over the last few years. There is also an open pit about 600m NE of Roan which seems to be active so they could be taking material from there as well. From what I've read, the site where Roan is now was once a processing plant for FQM and I think those large tailings ponds have already been processed through that plant.

No problem Dru and well spotted on the Jubilee field trip, I must have overlooked that page! It would be a perfect opportunity to use the social media channel to generate a bit more publicity you would have thought, especially with Jubilee's plans to integrate with the artisanal miners and generate employment.

I've been keeping an eye on Google Earth myself to see if there are any updates to the Roan site. You can also view Sentinel satellite data which gets updated every 5 days or so, however the resolution isn't quite good enough to see what's going on. I can see there has been a lot of progress but exactly how far along they are I can't tell.

Https://euzcopperbf2024.com/schedule/

This forum kicks off today in Kitwe. Good to see Jubilee has a presence, with Ricus Grimbeek taking part in the discussions on Thursday.

Yeah it doesn't make much sense... I guess we'll have to wait for Jubilee to update the list to see whats happening. It certainly feels like someone is building a position or increasing one at the moment.

Scratch that... I see abrdn were invested back in 2022, so that might be an out of date list!

I just had a look at Marketscreener for the significant shareholders. I'm not sure if that's an up to date list but it's showing a couple of significant differences from the Jubilee website:

Slater is now showing just over 200 million shares compared with 341 million on the website

Abrdn Alternative Investments is showing 219 million shares, not listed on the website.

Jupiter Asset Management, which disappeared from the website list, is still there, with the original 92 million shares.

If this is correct it certainly explains the drag on the SP whilst the institutions redistributed the shares!