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Https://twitter.com/navseis/status/1724076444358234344?s=61&t=AHBD4Gw3ZhlVd__ynJhwjQ

Https://www.miningweekly.com/article/anglo-starts-exploratory-drilling-on-copper-licences-in-zambia-2023-11-13

They stated in the Investor Call that drilling had started at Cheyeza East I believe. I’ve looked on the latest satellite images and I can see the original tracks from Arc’s previous drilling campaign at Cheyeza East but no obvious new tracks so I suspect they are not too far from that original area.

WHI View: Now all is in place ARC can take a step back and figure out what it wants to do, knowing that the considerable firepower and expertise in Anglo is properly exploring its Zambian licence. Results from the drilling will be released when received by ARC from Anglo and we expect these to be on a fairly regular basis but the timing will be dependent upon receipt of assays and probably bundling of results by Anglo. We recently published on Arc (note 3.11.2023) and we still see fair value at 5.8p, but note that any discovery holes by Anglo – long intercepts of copper-rich mineralisation could quickly change that.

Hi Mikie, yes I’m guessing that this semi-commercial test plant has been specifically driven by the partnership with Draslovka, up until recently they were just talking about the designs for the additional concentrators. I guess the greater than 80% copper recovery along with the claimed ESG benefits must have been compelling reasons for going this route. There’s clearly been plenty going on in the background which they have had to keep quiet about until now. With the processing modules targeting the mixed oxide/sulphide material and this new partnership tackling the tailings there’s lots to be positive about, despite the share price!

Https://www.draslovka.com/content/files/downloads/GlyLeach%20Brochure_English.pdf

“DISCOVERY TESTS

Sample tests are conducted at our innovation center in Australia to ensure viability of our process for your operation.“

That might tie in with the comment from Slater about samples being sent to labs in Australia for testing before the banks release funding. The fact that they have announced this partnership with Draslovka would suggest that the lab tests were successful.

If people are looking to pick holes in the best deal of its type ever done then you have to question their integrity:

https://youtu.be/uRRRwsCqCjw?si=slbTKelrqL8x-mRd

Presumably all of those green boxes are the naysayers lining up to apologise…. 😂

If you were a genuine investor I’m sure you would have watched it already or would at least have the sense to know where to find it. Nick has already stated that the payment will be split between the two Unico partners to do with as they wish… believe it or not, I really don’t care.

Bozi, you’re wrong. I suggest listening to the Investor Call if you want to know why you’re wrong.

Https://www.youtube.com/watch?v=uRRRwsCqCjw

Great interview, really sets out the case.

Shareswotter, Lechwe and Elephant are the Northern tailings projects at Luanshaya and Kitwe respectively. They are not extinct, they are constructing a bulk pilot plant to test the flow sheet for tailings reprocessing. This is entirely separate to the mixed ROM oxide/sulphide material targeted by the processing modules.

@Butterballs, no that was not my conclusion, it was that you and your buddy are 3rd rate at best. If I was paying you for deramping, I’d be asking for my money back!

After 3 years as a shareholder in Arc Minerals, which had deramping on a scale that makes Bushy and Butterball look like Laurel and Hardy, I find myself now immune to their nonsense. Thankfully Arc has now turned the corner and those shareholders who kept the faith are already being rewarded.

I’m hoping that in the fullness of time my patience will be rewarded here too. Assuming these processing modules do work as intended (and they must be confident of that if they are already constructing number 2) then this is a game changer for the copper industry in Zambia and beyond and its then just a matter of building them as fast as possible. I’m happy to wait and see although I think it’s going to take longer than any of us originally anticipated.

As has been previously mentioned I think the current PGM basket will accelerate the closure of unprofitable mines and a reduction in supply. In the meantime we are building out capacity, meaning our cost per PGM ounce will come down further.

Chrome prices have come down off their highs a little, but at US$280-285 / tonne, thats still very good for us at a time when chrome production and margins are increasing.

I took a look at the satellite images for Cheyeza East today and it’s very easy to see the tracks that Arc used for the original drilling campaign there. I also spotted what might be the current drilling rig(s) part way along the same route. The position ties up with a high in the copper scandium map so it’s possible. Unfortunately with the wet season approaching the skies tend to be cloudy so it might be difficult to check any more this season.

I know most people think that Botswana is just a side project but the key thing for me is that they can drill through the wet season so there’s the potential for news flow during the Zambian wet season while awaiting assay results from there.

Gotreal, I don’t have a premium account here so I can’t see any PM’s. You can always find me on Twitter/X if you want, same name!

Bushytailed is a very sad individual, he really shouldn’t have revealed that Twitter account, it gives him away for what he really is. He might as well carry a sign around that says, I’m not getting any.

I think Nick was referring to a presentation by David Wood the AA Discovery Manager who was formerly involved in the FQM Sentinel discovery. He did a rough calculation based on a 50km x 50km area and estimated that there was the potential for 30 million tonnes of copper to be taken into solution within that area. The implication was that ANY 50km x 50km area across the domes has the potential to take that much copper into solution. Where that copper finally ends up is the big question. Sentinel is about 5 million tonnes so if his prediction is reasonably accurate there's a lot of missing copper out there.

A cryptic message from the Zambian Minister of Mines this morning… “Signing!”

Maybe the Mopani deal getting signed off?