Member Info for SeisNav

Encouraging and frustrating in equal measure. It's a pity the rains couldn't hold off another week or so but great to see evidence of mineralisation at depth, both copper and silver. Looking at the copper numbers in isolation is a bit misleading, you need to take into account all the contributing elements so we won't get a full picture until the silver (and gold?) assays are completed. For example, look at the results from hole 25TMNAC-038 from phase 2 results. The copper values were roughly 0.4-0.7% but the copper equivalent values, taking into account silver etc were roughly 1.6-2.4% Cu Eq.

I'm not sure what's worse, the rambling and inaccurate post or the fact that people were daft enough to recommend it!

"People did we not issue shares in September 2021 to acquire the the large dumps of waste?"

No, the placing was for the tailings dumps in the North. Those are now being sold off as they are unlikely to be a priority in the next few years.

"Did we not exercise the full right to purchase it but now we do not know how to extract profit from it cause that batch they sold for 6 million how much profit are we making from it ? 🤔"

This is the Large Waste Project, not the tailings dumps. It's costing them US$18m to purchase it and they have sold 4% of the dump for ~US$6.75m. Copper prices have increased significantly since that deal was announced so it may be that the sale is worth more than US$6.75m if they are due a cut of the profits. Either way it's hard to argue that it's a great deal to raise some short term cash.

"All my son called negativity can be defeated with updates and the company delivering at least 6000 tonnes of copper but we all know neither of that is happening in the next 3 years."

You seem to be saying that the company will not issue any updates for 3 years! Obviously nonsense. If they reach the short term targets of 300 tpm for Roan and 200 tpm for Molefe then they will be producing at a rate of 6000 tpy. To suggest they won't reach that for 3 years is again obvious nonsense.

I thought I recognised the style of SirBorings posts, arrogant and always presenting his 'opinions' as facts. The mention of Orion Minerals brought it back, he used to post here under the name OrionMinerals a few months back. At least he's self aware enough to know how tedious he sounds!.

I noticed this news report today for BMC minerals, looking to IPO to raise money to develop a large polymetallic deposit in Canada:

https://www.miningweekly.com/article/bmc-minerals-lodges-prospectus-for-a100m-ipo-ahead-of-asx-debut-2025-11-11

The thing that caught my eye was the average grading: "deposit grading 138 g/t silver, 1.3 g/t gold, 0.9% copper, 5.8% zinc and 1.7% lead."

The best results for phase 2 were at the bottom of hole 25TMNAC-038: 124 g/t silver, 0.73% copper. Hole 25TMNAC-028 had the best zinc result at 1.59%, again at the base of the hole.

If they can show these kind of grades (or better) extending to depth and laterally then we might really have something exciting. They were also sending samples off for gold assay, we haven't heard anything about that as yet.

I can't believe shareholders would be selling at this point so it could be the 37.5 million shares that were issued as part of the CLN. Tempting to add some more but I'm already holding quite a few.

Yes, just realised that! Never post anything before having a morning coffee.

They said on 6th Oct. that they expected to release the Q1 update within the next four weeks. That was exactly four weeks ago, so it should be out shortly.

That is high grade material shipped to Sable which should have recovery much higher than 70%. The Glencore stats for the Sable plant indicate recovery in the high 90's percent. They were forecasting 200 tpm of copper from Molefe after the ramp up which I think was based on an average grade of 2.5%. Roan oxide concentrate will continue to be processed at Sable until such time as it is displaced by increased production from Molefe and Project G. After that it could be sold direct to market or eventually refined at Roan if they decide to go down that route.

""The Company has temporarily halted mining at Munkoyo for July and August 2025 while the extended pit design is completed based on the drilling results and will recommence ore delivery to Sable from September 2025 in addition to the current production from Roan."

No updates regarding this."

Not true: (6th October RNS)

"Munkoyo (renamed the Molefe Mine) expansion remains on schedule with the delivery of run-of-mine (ROM) from the expanded Pit 2 to Sable which recommenced on 19 September 2025 reaching 1 122 tonnes of high-grade ore delivered for the month of September."

"The high-grade ROM which is delivered to Sable is being increased from 3 500 to 4 500tpm over 45 days, targeting to reach 8 500tpm during Q3 FY2026."

They were looking at a potential shared facility at project G, apparently in discussions with a nearby mining operation which is still being built. Again, with the delays in starting on Project G I doubt anything will come of that before FY27.

Not all long term investors are sitting on substantial losses. I started buying in 2018 when the SP was 1.5p. I had the opportunity to sell on the PGM spike for substantial profits but I fell for Leons talk of quickly achieving 10,000 tonnes of copper and remained invested, currently just below break even. That's on me, with the benefit of hindsight I would have sold the lot and walked away a happy man but I didn't. You chose to buy on the same spike and then watched the SP slowly fall.... that's on you.

Of course the SA operations made profits, thats what drove the price up so high, but most of those profits were invested into Zambia, so far achieving very little in terms of copper production. Nobody is happy with the way things have gone in Zambia but with a refinery and concentrator in place and an expanding mining operation it can only get better as far as I'm concerned.

The latest chart:

https://www.dropbox.com/scl/fi/q0n3xj67jqzylzmn3a1im/SLP-PGM-Basket-and-Chrome-Prices.png?rlkey=848tc6v65vw7bkdd7s8raxcc3&dl=0

Get over yourself HarmProf. If you expect things to take such a long time to play out why are you posting multiple times a day? Take your own advice and go away for 12 months, or preferably forever.

Video and drill plan

https://x.com/Tertiaryplc/status/1986717960178667703

Nevergonnagiveyouup, you were called a liar because you lied about the drilling at Tjate. There is nothing to argue about, the facts are there for anyone who wants to read them.

"PGm business from South Africa was sold because company needs moneys to rescue Zambia's copper business."

Another lie. The company has said they were approached with an offer for the business, it was not sold to 'rescue' the Zambian operations.

Still pushing a false narrative that there is no high grade ore at Molefe despite the company saying they are ramping up production and the grades are in excess of 3%.

If you continue to post these lies I will report all future posts until you get yourself banned and I hope others will do likewise.

Just trying to throw as much mud at the wall and hope some of it sticks eh MetalTrade? They always out themselves in the end.

An absolute classic there from MetalTrade, compare the company to another unrelated company which he says failed. How many times have I seen that one on these boards.

Also asks for advice from a proven liar.

Nevergonnagiveyouup, you blatantly lied about Tjate, claiming they drilled a couple of boreholes and the results were poor. Anyone can look back at the historic RNS's and see that what you said was not even close to the truth. Explain yourself.

I hate to burst your bubble MetalTrade, but the only way you will get a multi-bagger is by being invested. If you are waiting around until you have whatever proof you deem is necessary then the share price will already reflect that and you will have missed the boat. If you can't bear to take a risk I would question why you are even looking at the AIM market at all.

The questions are generic and are the same for every company on the Investor Meet platform.