Member Info for SeisNav

The bonus scheme is largely an irrelevance as far as I'm concerned. If one of the projects pays off then it will be transformational for the company and if you are a recent investor with a decent average buy price then you will do very well. If not then the company will continue down the dilution plughole. I invested for the former but fully realise that it might equally end up being the latter! You pay your money and take your chance.

"the s l a g project in zambia consists of some 13 mt of historical **** from previous operations in the area, estimated to retain deposits of 0.7% copper and 0.27% cobalt. under the jv, jubilee and mopani have been appointed to design and operationalise the **** processing facility, with potential for the mandate of the agreement to also include oxide ore processing from artisanal mining operations and tailing dams.

coetzer emphasised the transparency of the bid award process, stating; “the **** project forms part of a greater waste recovery initiative in zambia that speaks to the president of zambia’s stated mission of achieving 3 mt of copper output per annum from zambia.”"

kitwe tailings 114mt (0.3% cu and 0.05% co) includes: td52 (0.7% cu and 0.08% co)

so the mufulira project is small but much higher in cobalt, probably not a high priority with cobalt prices in the doldrums and unlikely to recover soon. in the meantime, the cobalt circuit will be utilised for copper production anyway.

i don't know if anyone asked about plans for the tailings. i guess part of the problem is power. the reason they decided to focus on expanding the roan site was that they were unlikely to get stable power close to the planned locations for the tailings concentrators. maybe planning something similar to the hub concentrators which can run independent of mains power? they were also doing trails with draslovka so may be working on that in the background.

Https://www.linkedin.com/feed/update/urn:li:activity:7263654964088983552/

The head of mining reporting 6% grades in the comments. Hopefully the average grade is moving upwards!

The company has already proved that they can create high grade cobalt hydroxide as a byproduct of copper production assuming the feed contains both. It was done at small scale to confirm purity and consistency of grade but then the market was flooded with cobalt from DRC and elsewhere so the price crashed.

Https://m.facebook.com/watch/?v=383387744769767&

BB2, no I haven't looked at updating that sheet but I might have another look at it if I get the chance. I was hoping to start spending less time on the research but it's hard to stop! My job involved quite a lot of analysis and since I gave up working this helps keep the brain cells occupied.... it's better than Sudoku I guesss!

Https://x.com/NavSeis/status/1857049364029395312

The CEO mentions the Konkola West drilling but no details (obviously) other than they have drilled over 2000m to better understand the basin architecture.

I took a look at the latest satellite image over the Brunton Pass project area and I can see there has been some activity on the ground so we might hear something on that before too long.

Jammer, why did you not put your questions forward here before the AGM rather than waiting until after it? Then you wouldn't need to have been surprised that they weren't addressed.

"Nice read"

I think we've already read quite a bit of it on this forum! Good to see it all aggregated together for the new investor though. I see Charles is planning to host a call with Leon soon so get the next barrage of questions ready!

Https://projectblue.com/blue/news-analysis/1069/political-unrest-in-mozambique-shuts-key-chrome-export-route-

A bit of background on what's supporting the sustained high prices in chrome concentrate.

BB2, I'm basing my numbers for the PGM split off the old 2021 broker note (with a couple of tweaks), but they seem to still work pretty well. Platinum accounts for by far the largest percentage of the split at about 60% so any movement in that has a big effect on the basket price. Rhodium makes up about 8-9% of the basket but when the price moves it can move much more so can also have a significant impact as we saw in 2021. The basket did briefly exceed US$1500 / PGM oz the other week, mainly due to platinum and palladium increasing to US$1060 and US$1250 respectively. The general trend in PGM basket has been slowly increasing for a while.

Thanks BB2, good to have confirmation. I’ll plug the numbers into my sheet later to see what the impact could be but I already know it would be big! We just need a sustained rise in PGM basket now.

Morning Mikie, it suddenly occurred to me how they could be generating so much more concentrate for PGM processing than I expected. As you said yourself they are now processing 85% reef rather than low grade waste so the grades will be much higher. It makes more sense now!

Thanks for the updates Mikie and Northern, much appreciated! Lot's to be excited about by the sounds of things although the numbers quoted for PGM stockpiles leaves me confused, how did they manage to amass that level of concentrate?!

PB the other guy with the bald head is the head of Government and International Relations for Anglo American, Richard Morgan.

I guess they will probably re-appear at some point with a smaller area after renewal, the Cadastre administrators have already shown that they are haphazard at best!

As an aside, for all those using Safari web browser, there's a great new feature in the latest version, called "Hide Distracting Items". Out of interest I tested it by clicking on one of the filtered comments / green boxes and every single one has vanished! Great if you find them irritating in your chat.

I noticed that all of the African Pioneer licenses to Arc's NW have gone from the cadastre. Maybe a temporary thing as I think they were up for renewal but also looks like the government has applications on some as well. Maybe the freed up areas will fall into government control of the proposed SPV's.

Safe travels Northern and all the other attendees today, I hope it's a good meeting and that Leon buys everyone a round of beers afterwards! 😁

DW showed up a day early...

https://x.com/that_stocks_guy/status/1856021954760728654

Unfortunately neither Nick nor Vassili are blessed with the gift of public speaking so it can be hard work sometimes listening to their IC's. I have listened to the call a second time and was much more positive on it after the second listen.

Unfortunately some people expect Anglo to drill one hole and hit an orebody... it doesn't work like that. As Nick said, they are methodically checking each of the targets they have selected and will then analyse the results before selecting further targets. It's a process and they have agreed a multi year JV for a reason... it's going to take time to fully explore the potential of the licenses. The fact that they have already intercepted the right kind of markers they were looking for to locate an orebody after one drill south of Muswema is big news but it doesn't seem to have translated to the market.