Member Info for SeisNav

With them using the Boxscan system onsite it allows for high quality analysis of each core sample and even near real time upload of data to the cloud for office based analysis. If they are sending samples off for assay then in my view its only for confirmation of what they already know.

Someone mentioned that there are assays being done on the preliminary drilling at Cheyeza… has anyone actually had that confirmed from the horses mouth?

Https://www.miningweekly.com/article/draslovkas-sustainable-solution-to-metal-supply-deficits-2024-02-07

A video of Draslovka COO talking about Glycine Leaching technology at the Indaba. Most you might have already read about but one interesting addition, he mentions that gly-leach will work with PGM’s as well as base metals…. You would have to think that Jubilee will be looking at that as an option if it improves recoveries.

“ No defined solution to the components to be manufactured for Roan explained (unless my scan of the rns was too brief t discern it - prepared to stand corrected.”

The module is fully tested and working, just needs painting before being disassembled for shipment to Zambia….

“ the extra copper anomaly will pay back in time”

They are already processing ROM from that mine site.

Maybe better to fully read the RNS before commenting and giving an incorrect assessment!

Good to see a slightly less opaque RNS than usual although Leon still seems unable to tell us exactly what Roan is presently producing.

Some points of note for me:

· Roan processing module expected to start commissioning by end of March. Module now completed and will be shipped to Zambia during February. A couple of weeks ago they were estimating local manufacture of the missing electrical components would take 8 weeks so maybe they were able to clear the original unit through customs?

· The sulphide circuit at Roan has been fine tuned to increase contained copper percentage from 20 to above 25% (this seems more in line with what was quoted in the WH Ireland note).

· Construction of the new Sable copper sulphide expected to commence in Q2 CY2024. This seems to confirm that this is to produce copper sulphide concentrate rather than copper cathode. Expected to increase Sable output from 13,000 tonnes of contained copper (cathode plus sulphide concentrate) to 16,000 tonnes of contained copper, ie, adding 3,000 tonnes of copper contained in sulphide concentrates.

· 80,000 tonnes of ROM from Munkoyo at grade 1.5-3% contained copper already refined at Sable (so potentially up to 1200-2400 tonnes of contained copper). The option to acquire the license for US$1.5m seems very good business on the face of it.

· Copper module at Munkoyo expected to take 6 months to build and implement but start date is not clear.

· Questions around plans for Munkoyo and other potential open pit opportunities... are we planning to become a small scale miner now?

· Still working on due dilligence with IRH on the Waste Rock Project, drilling programme underway to determine overall grades. New target for DD completion is end of this month.

A short interview at Indaba:

https://youtu.be/qtPxqXQ0MRg?si=xDk-D4kg305jl5T1

All derampers to action stations! The buyers are coming!

Https://www.miningweekly.com/article/mingomba-discovery-highlights-value-of-konkola-west-by-proximity-2024-02-07

Someone is continuing to add at 5p. Look at the trades, as the ask gets close to 5p the size of the trades gets small… it’s a sign that these are bigger trades broken up into smaller ones to avoid pushing the price up beyond 5p.

“ Maybe I’m a bit simple but in a ‘normal’ market the price would be rising with all that buying going on…. And yet it’s not. Doesn’t that seem odd to you? It certainly does to me!”

As with yesterday, the price not reflecting the buying action. It’s very tempting to take advantage of the MM’s suppressing the price!

Yos, the RNS’s are not written just for the few traders who generally hang around here but for the wider market. The presidents announcement wasn’t an RNS. Maybe just admit you were wrong eh? If you kept up with the news you would know that the scale and grade of the ore body was announced before Indaba on Monday.

If having the largest high grade copper deposit in Zambia in a century announced by your JV partner isn’t reason to acknowledge it in an RNS… then what is?!

The mingomba deposit was announced two days ago…. This is big news. It wasn’t known before.

Are they supposed to just ignore the fact that what is likely to be one of the biggest copper mines in the world has just been announced? Your response is the joke.

Hmm something got them all excited, was it this perhaps? I’d better post it again just in case 😂

Https://www.cnbcafrica.com/media/6346343417112/-kabuswe-zambia-sees-massive-investment-interest-in-mining-sector-

"Duncan Wanblad quoted in South African press as saying Zambia is looking very interesting...."

Talks with Ivanhoe about coming into Zambia.

Https://www.cnbcafrica.com/media/6346343417112/-kabuswe-zambia-sees-massive-investment-interest-in-mining-sector-

"Duncan Wanblad quoted in South African press as saying Zambia is looking very interesting...."

Talks with Ivanhoe about coming into Zambia.

Maybe I’m a bit simple but in a ‘normal’ market the price would be rising with all that buying going on…. And yet it’s not. Doesn’t that seem odd to you? It certainly does to me!

If you were being objective you might point out the continual buying which is kind of obvious… so why would the price be held at this level despite all that buying unless they were doing deliberately to fill an order.

Trying to free up some more stock big man? We can all see the buying going on….

Https://www.lse.co.uk/rns/TYM/update-kobolds-new-mingomba-copper-discovery-ohx8cn96tjgw7cr.html

Good to see someone is paying attention 😉

One thing I look for is very small trades at close to the current price, such as at 11:18:50 for 83 shares. This is clearly not likely to be a single buy, but part of a bigger order split into multiple trades. As the buy price approaches the limit, the number they can buy for the set price decreases so you tend to see this trend.