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I took a look at the satellite images today and I can see that work has restarted at Munkoyo following the rainy season. Good to see.

Https://tinyurl.com/45mn3x4x

https://*********************/newsfeed/article/aim-aim-notice-07-06-2024-2432769

Https://fb.watch/syDvt-7kIQ/

This morning there was a meeting between the KoBold Metals team and investors with the Zambian President to discuss the Mingomba project and other plans. There was some mention of Konkola West from around 16:30 into the video.

Chrome concentrate price is unchanged this week, reported at US$315-318 / tonne.

This quote from the website I use for prices:

"This week, the prices of chrome ore continued to rise. The recent trend of increasing is unstoppable, and the shortage of available goods in some ports is prominent."

I'm not sure if it's increasing demand or restricted supply that's driving the prices higher but long may it continue!

"Its highly likely Anglo are in discussions with us for Mukai, and if we were to get a similar deal/ or even half, that would have a huge impact on £3 million market cap."

Torino I admire your optimism but being a long time holder of Arc, I know exactly why Anglo agreed to such an outstanding JV. We are not going to get anything on that scale for Tertiary. Personally I think FQM is much more likely to want the Mukai JV. Tertiary are already in a data sharing and technical agreement with FQM, the anomaly straddles the border with FQM's licenses and they have already drilled on their side of it, FQM need to identify more drilling targets to extend the life of the Sentinel / Enterprise operations.

What exactly would be considered a good result at Konkola West? This is what was said in the RNS announcing the earn in agreement:

"The objective of the EIA is to carry out deep drilling to explore for projected extensions of the high-grade copper ore-shale exploited on adjacent mining leases at the Konkola, Lubambe, and Musoshi mines."

The grades found at those three mines fall between 2.5-3.5% copper so that would be a good result in my opinion.

Whoever it was that transferred £20K into their ISA the other day clearly has the inside track on whats going on!

Great news, all conditions satisfied and the formation of the new company is going ahead. I think once that's completed, the way is clear for any JV's (like Mukai) to conclude.

Nice little mention of the Konkola West JV:

https://youtu.be/eQBs7OKORTA?feature=shared

Fair enough, but the article stated it quite clearly, including a quote from the new head of the Mining Inspectorate, so I don’t think its as cut and dried as you make it out to be.

1investor, I guess maybe you missed the article I posted a week or two ago from the Swedish press, the application was rejected again by the municipal government in February. They said that changes would need to be made to allow the project to co-exist with the reindeer herding. That’s why Tertiary said they made a new submission in the recent RNS. I’m not saying it couldn’t happen but the onus seems to be on Tertiary to make the necessary changes to get everyone onside.

I'm not getting my hopes up over Storuman. If it's already been rejected twice then unless they can make significant changes to the application then I don't see a change in direction. Anything is possible of course but I bought in here based on the Zambian licenses and that's where I'm hoping to see value being created. They certainly don't have the cash to develop Storuman if it was approved... maybe a sale might be the best way to go.

Wondering what constitutes an economic copper deposit in Botswana? Here are the ones that Khoemacau had already defined for development:

https://x.com/navseis/status/1797921168667873496?s=61

The drilling that we know about at Mawana Fold, just next to Arc's license area, shows an average of 5m width and 2.1% CuEq (copper plus silver), which is in the ballpark of these expansion deposits.

Looks like a bed and ISA transfer. Someone is very confident!

In terms of area, Arc has at least 50% of that end of the dome within the PL135/2017 license area. You can see on this image how the chargeability anomaly fits with Khoemacau's drilling, also notice how the strength of the anomaly reduces as it turns the corner towards the East, that's probably where the mineralisation goes deeper as is seen on the Khoemacau /MMG side:

https://x.com/navseis/status/1797554974018441667?s=61

It's important I think to understand whats going on in relation to the Khoemacau results to get the full picture. On the Khoemacau / MMG side of the dome, the mineralisation is dipping to the NW. If you look at the latest results from Arc, that depth section is showing the anomaly dipping to the SW. This is more or less the centre of the dome. You would expect that on the other side of the dome, further south, any mineralisation would be dipping to the SE. In other words there's a possibility that a band of mineralisation is draped right around the nose of the dome. Obviously we can't say anything for definite until it's been drilled and we see what's there in terms of grade and thickness but it's hugely encouraging as far as I'm concerned. I always thought it was pretty unlikely that mineralisation would just stop at the license boundary!

Because the images in the last RNS were low quality, It was easy to overlook some of the information in there. I contacted the company about it and Vassili sent me a link to a hi-res version of the image I was particularly interested in. I've added it to the end of my Botswana notes here:

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

Click on the image to get a better view of it (or download it)

The lower image is the one I was interested in, it's a depth section through the chargeability anomaly and also shows the location and dip of the previous drilling. The depth scale on the image is 200m. You can see that the first drills are just touching the top of the main anomaly, the tip of the iceberg so to speak. The main body of the anomaly is around 300m-400m depth.

There's a new update on the website, dated 20th May. No significant changes really, although a few have reduced their positions a little after the recent rise.

Chrome concentrate price is up again this week, reported at US$315-318 / tonne. That's the highest it's been in quite a few years.

At least I don’t change my opinions every time the share price changes direction like you do HD43. 😂