Member Info for SeisNav

Not long ago you were gloating about the massive profits you were making Frog. Or did I imagine that?

I must admit the Olympics leaves me indifferent at best Gray, I haven't watched any of it. I do like a bit of cricket however.

Edzi, I have seen enough to form my own opinions as to your motives. For the sake of decency, I'll keep them to myself.

Arc were drilling roughly 1300m from the license border and intercepted mineralisation at ~350m, Khoemacau drilled about 1400m the other side of the border and intercepted mineralisation at 305m. Inbetween the two the mineralisation was intercepted at 237m, and that was 800m from the Khoemacau side of the border. Give or take, I would say we have half of the end of the dome within the license. I'm sure MMG will have noticed those results by now 😁

Handbags at dawn eh? 😁

I was going to look at how that depth of mineralisation fits with the trend from Khoemacau but roughly I would say the dome is split roughly 50/50 between the two licenses.

The nearest drill to our license at Mawana fold was 2.56% CuEq (copper plus silver)

Edzi, why would the chairman talk with a private investor about the supposed shortcomings of his CEO? Why would you then come on here and trash the chairman?! Does it sound plausible?

I'm assuming that people understand that this is quite a shallow dipping anomaly (right to left on the IP cross section, towards the SW on the map) and therefore a shallow dipping orebody seems to be likely. This is unlike some of the other deposits nearby which are much more steeply dipping.

I think people who have never spent any time working in Africa maybe underestimate the challenges in trying to operate there. Even Zambia, which in parts is quite well developed, still has poor / failing infrastructure. Trying to develop a new industry from the ground up, dealing with those challenges, bribery and corruption, worldwide logistical issues, a pandemic.....

I spent quite a lot of time up and down the West African coast so I have some appreciation for the challenges. Time can be much more elastic there than it might be in Europe!

Hi @aprogerson, I don't know if you saw the high res version of the IP anomaly cross section that I got from Vasilli but if not you can see it near the end of my blog post here:

https://seisnav.blogspot.com/2022/07/arc-minerals-in-kalahari-copperbelt.html

Click on the image to see the high res version or download it. You can see from that, the mineralisation in the cores is pretty much bang on with the highest chargeability part of the anomaly at around 350-400m vertical depth.

They also said that this mineralisation was just above the D'Kar-Ngwako Pan contact. This is much deeper than it was encountered in the first round of scout drilling (you can see the initial drills on the IP section, just hitting the shallow part of the anomaly). I doubt they will go much below that contact as mineralisation is usually found above it.

Nice 😊

https://m.facebook.com/photo.php?fbid=519987303734232&id=100071689007328&set=a.150199170713049

The mineralised range they are highlighting is very much in line with Khoemacau's results at Mawana Fold and Zone 9, now we just need to know the grade.... typical grades across that whole region are 1-2%

Https://x.com/ArcMinerals/status/1819281464313159819

A picture paints a thousand words 😁

Mikie, lots of people here are talking their own book that’s for sure! Some more blatantly than others. Often its the ones claiming to be LTH’s with massive holdings who are the worst for it 😂

Paul Kabuswe is in Ndola today for a promotional event for the Zambian equivalent of mining Indaba, Zambian Mining Insaka, happening in October. I was surprised to see Jubilee Metals announced as one of the sponsors. I wonder if he's going to pay a visit to Roan while he's there.

I think you need new glasses Edzi, I didn't say anything of the sort. That's the second time you have tried to put words in my mouth and I really don't appreciate it.

Dru, I had a little scan of it just now but haven't read it in detail. In short yes, I think he's being optimistic with PGM and Chrome prices. There are different grades of chrome and Jubilee produce mainly 40-42% grade (with a portion of higher grade also) and the price for that grade is what I used in my spreadsheet. I think the figure he's quoting there is for 42-44% grade. PGM's I've tried to refine over the last year or two so I'm fairly confident in the numbers I calculated.

We have to wait for the next production update and hope they include financial information and not just tonnage. That way we should get a much clearer picture of what to expect from chrome in FY25.

Thanks Dru, much appreciated. If you're interested I see that Google Earth has updated images for Roan and Thutse areas from May. Not a huge visible difference at Roan to be honest but plenty going on at Thutse.

I'm not really a trader but it looks like I might have added at the bottom yesterday. Yay me 😉

Mikie, I added the last of my free cash this morning, before the latest tweets.