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There’s a new research note out from WH Ireland which states “Arc has completed its drill campaign and assay results expected shortly”

That exploration license is actually over the site of the Mufulira smelter s l a g dump. Mopani recently advertised for tenders to develop and build a processing plant to recover copper and cobalt from there. That’s why I think we are likely to be involved in that project in some capacity. Maybe we will hear something about it in the update but I guess Mopani might need to formally announce it first.

We know that Anglo American have an application, 32583-HQ-LEL, which is a new license area adjacent to the Zaco / Handa licenses. In the middle of that application area is small mining license 20411-HQ-SML, which is pending abandonment. I’m pretty sure that if Anglo want 32583-HQ-LEL they will also want the area covered by 20411-HQ-SML. We may be waiting on that to be sorted out and potentially combined with the wider LML application for Zaco eventually. I think it might be relevant that they have chosen the split the two LML applications on Zaco (33402-HQ-LML & 33403-HQ-LML) on exactly the same latitude as the northern edge of 20411-HQ-SML.

Still no LML application on the Afrimin license, 28700-HQ-LEL, so potentially that might be to come or it’s possible of course that we may no longer own that one. Watch this space as the saying goes!

There are potentially other licenses Anglo might be interested in too but better not to speculate on those at the moment.

Don't worry I'm sure Ella has a whole family of new characters to 'entertain' us with the same drivel. We have already been introduced to a couple of them.

All of the talk coming from the Zambian government has been about finding an investor not a buyer, as mentioned below it is viewed by HH as a critical asset in achieving 3 million tonnes annual production and driving the economy forward. Why would they sell it? Anyway an update from Jubilee, hopefully this week, should indicate what the future plans are.

I already checked and no, Jubilee are not registered to attend Indaba. Maybe Leon is busy putting together the update.

No, I beg to differ Major Tom, you do codswallop very well. Your posts are full of it!

They don’t want to sell Mopani to anyone. They are looking for an investor to help finance the completion of work on the shafts which will significantly increase production.

“ Subsequent to the acquisition of Mopani by ZCCM-IH, the key strategic needs of Mopani include the completion of the expansion projects which are estimated to cost about USD300 million broken down as follows: Synclinorium Shaft (USD100 million), Mindola Shaft (USD110 million), Henderson Shaft (USD40 million), the new Nkana Concentrator (USD5 million), and the Tailings Storage Facility (USD45 million).

Mopani’s copper production was 87,618 tonnes during the year. Copper production was restricted by the funding constraints. In addition, Mopani recorded loss for the 9 months period due to high cost of production and huge finance costs related to loans from Glencore group and is therefore unable to declare and pay dividends in the immediate future.
Going forward, key for Mopani will be the completion of the expansion projects which are estimated at US$300 million, and once implemented production of finished copper cathode is expected to increase to 225,000 tonnes by 2026. Mopani will also have the capacity to hoist close to 9 million tonnes of copper ore in the long term.
In June 2022, ZCCM-IH announced the engagement of an international investment bank, Rothschild & Co., South Africa (Pty) Ltd (“Rothschild & Co.”) to assist the Company with the strategic review of Mopani to ensure its sustainability and continued development. Rothschild & Co is a leading global financial services group, with a history of over 200 years at the Centre of the world's financial markets. It is expected that this process will be concluded within a period of six (6) months from the date of contract award, with the ability to extend for a further 6-month period, considering progress to date and the closing provisions of any transaction agreements that have been signed.
The Board of ZCCM-IH will update the market on the results of this exercise in due course.”

There are about 10 interested parties accoutring to Paul Kabuswe, I’m not sure why you would single out Sibanye?

https://www.reuters.com/markets/commodities/anglo-american-ceo-urges-public-private-fix-transnet-crisis-2023-02-06/

Anglo is working to finalise a deal agreed in May to take control of junior exploration company Arc Minerals' (ARCMA.L) copper-cobalt licences in Zambia, marking the miner's first new investment in the country for 20 years.

"We'd very much like to, that's going to be down to the commercial terms we can land at the end of the day," Wanblad said, adding that Anglo was not in talks to invest in any other assets in Africa.

"There is nothing specific that is live at the moment but Africa is a very viable jurisdiction for a company like Anglo American and its sustainability credentials it operates in," he said.

I had a bad feeling about you from the start.

Major Tom has clearly lost contact with ground control. What a load of codswallop.

Yes I had to read it a couple of times to make sense of it! At the moment they are laser focussed on Zambia :-)

It’s referring to the line below… hence the paragraph. Not exactly well written though!

https://www.reuters.com/markets/commodities/anglo-american-ceo-urges-public-private-fix-transnet-crisis-2023-02-06/

Anglo is working to finalise a deal agreed in May to take control of junior exploration company Arc Minerals' (ARCMA.L) copper-cobalt licences in Zambia, marking the miner's first new investment in the country for 20 years.

"We'd very much like to, that's going to be down to the commercial terms we can land at the end of the day," Wanblad said, adding that Anglo was not in talks to invest in any other assets in Africa.

"There is nothing specific that is live at the moment but Africa is a very viable jurisdiction for a company like Anglo American and its sustainability credentials it operates in," he said.

Ella has been consistently wrong for TWO YEARS… all of that wonderful research nothing more than smoke and mirrors.

It’s hard to root out corruption when the government itself is corrupt! Such a shame to see such a beautiful country going to the dogs.

There was a live stream of the event on youtube if you want to watch it. To me during the first part he was talking about Zambia without actually saying Zambia! The last part was definitely SA focussed.

Either you trust the management or you don’t. Nick has steered us through various challenges to the brink of signing the best deal a junior explorer has ever signed, only delayed by the Cadastre closure. Anything else too me is of secondary importance.

The Casa deal was done ages ago. We have the Tingo shares, we have the money in the bank. The only thing outstanding is the shares in the company which was dependent on them getting a listing. If you want to know the status I suggest you contact the company and ask.

They are not going to comment on the status of the deal while it is in progress. Either we will get an announcement when its done or they will announce an extension. Simple as that.

Choose not to? I don’t think so.

https://portal.miningcadastre.gov.bw/page/mappublic

Just noticed that Botswana now has a mining cadastre up and running.