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Potentially big news for Arc at Cheyeza East where assays are showing something big in the making. This is just a couple of kilometres from the TYM Mupala license where they recently found a copper in soil anomaly extending into the Arc / Anglo JV.

Https://x.com/ArcMinerals/status/1886699266476757001

It looks like Cheyeza is much more exciting than they previously indicated!

The website has been updated again. The only II to change is Canaccord Genuity who have sold another ~6 million shares. The trend for PI's increasing their overall holding continues with Hargreaves Landsdown, Interactive Investor and Halifax all increasing their holdings.

for anyone interested, you can view the fqm 2015 technical report for sentinel and enterprise here: https://tinyurl.com/ye4jwv7z

there's a cross section through the sentinel orebody on page 72, the vertical scale is 50m.

also on page 70 there's a description of the mineralisation which includes:

"primary sulphide mineralisation appears to be relatively late (ie, syn-metamorphic/deformation)

with relatively co**** chalcopyrite intergrown with pyrite and/or pyrrhotite in blebs...."

it's interesting that on the last investor call, vassili talked about the core from the muswema drill as showing evidence of blebby chalcopyrite.

Monday would be a timely opportunity to announce results with the 2025 Mining Indaba kicking off again in Cape Town. I don't see Arc listed as one of the companies attending but I guess Nick might be there unofficially (anyone know?). Who is in attendance is Duncan Wanblad and Martin Roberts, the Regional Head of Discovery for Africa, Europe and Australasia.... I'll take that as a good omen!

A team from KoBold Metals had a meeting with the Zambian President today, to update on current and future projects. I haven't seen any recordings of it but will post if I see anything. Hopefully we also get an update soon too!

I also saw that KoBold has just started exploration at their JV with Midnight Sun, on their Dumbwa license on the Solwezi Dome.

Unfortunately it's human nature to only post when the price goes up. In reality the overall PGM basket hasn't changed more than US$200 / oz in the last 18 months, thats why it's better to look at trends rather than short term changes.

The copper average for the last two quarters was US$9,200 / tonne. This quarter is shaping up to be similar.

I think thats probably fair F79, as far as we know they were testing locations across the licenses; Cheyeza East, Nkwazhi, Muswema and Lumbeta, with one or two drills at each location. The best we can hope for is some decent intersections of mineralisation at a grade similar (or better!) to what was seen at other nearby orebodies. It's not going to be possible to infer too much from one or two isolated drills about the size of any deposit at this early stage. 0.5% to 1.0% is typical of the Sentinel orebodies although as you can see from the histograms I posted previously, there is quite a spread on the grades:

https://tinyurl.com/3yhtcu6s

Piscator if you check my X account I posted a map yesterday showing Midnight Sun along with the major mines and relevant exploration projects (relevant to me anyway!). It's a long way from Mukai but the trend is interesting.

Here's the link to the tweet:

https://x.com/Jubilee_Metals/status/1884947792231096703

So it looks like Roan ramp up is ongoing.

Https://x.com/NavSeis/status/1884631144060125187

Very interesting assays for Midnight Sun Mining, just west of Kansanshi. The best is 21m @ 10.69% Cu in oxide. Another one that falls on the same ARC (pun intended) as our licenses and major targets.

You're as transparent as can be frog, even shuvlin called you out on it. You change direction whenever the share price does.

Strange because I can get a price to sell 200,000 absolutely no problem.

What we don't know is how the waste rock processing was affected by the shutdown, if at all. If they didn't have time to complete the trial then the DD may need to be extended a bit further. Either way I guess they will need to inform the market about it at some point.

You said there were two options (with such authority) when that isn’t true. How long does it take to get to 75000 tpm through put? Read the RNS.

They weren’t even running at the planned rate before the shutdown. Why assume we will get an RNS anyway? The Thutse plants were up and running but there was no RNS for that, it was included in the quarterly update.

That’s not true. It takes time to ramp up to maximum throughput after a shutdown, it’s more than just turning the plant on and shovelling dirt into it.

This was on the Markets Insider site today:

"RBC Capital analyst Marina Calero reiterated a Buy rating on Jubilee Metals Group (JLP – Research Report) today and set a price target of p7.70"

Just confirming it was just a missing decimal point!

Frog, it wasn't long ago you were telling us you were going to increase your holding.... now it's the opposite. What's changed?

Hopefully they got the outperform part correct at least!