TYM projects19 Dec 2023 11:58
I posted these three a while back:
“1. The Konkola West JV has now passed due diligence and is at the document stage, it seems very likely to happen. No word on who the partner is but given that they were sharing data with KoBold Metals and are exploring the same deposit, it seems likely to be them.
2. The copper anomaly mapped at the Mukai license crosses into the FQM Trident license area and FQM were drilling the same anomaly. TYM are in a data sharing agreement with FQM who are looking for deposits to extend the life of the Trident project. I’d be very surprised if there wasn’t news of a JV here soon too.
3. TYM snatched the Mupala license from under the nose of Anglo American and own 100% of it. Anglo are currently drilling just a few Km away on the JV with Arc Minerals looking for Tier 1 deposits. The geology they are drilling extends into the Mupala license.“
Number 1 has now proved to be with KoBold Metals, as expected, and has progressed to an Earn In Agreement, with initial deep drilling to commence asap after the rainy season. KoBold will be drill testing a possible deep extension to the Mingomba deposit a high grade copper-cobalt ore body that Kobold is developing.
Numbers 2 and 3 still in play.
In addition there is the Mushima North license, where a co-incident copper in soil and gravity anomaly has been identified for further investigation. This is 20km east of the Kalengwa mine, one of the highest grade deposits ever mined in Zambia at up to 26% copper.
The Fluorspar Deposit at Storuman in Sweden is awaiting a decision from the mining inspectorate after the initial application was denied. The government has told the inspectorate to revisit this application due to its potential economic benefits to the country as a whole. A maiden JORC resource has already been identified and the granting of this license would be a huge positive for the company and potentially transformative for the share price.