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Gold and SA markets flying... wen LEX !!

A re-cap on what we should see here in 26 from the RNS

- progress the Jelani joint venture, including preparatory work and submissions in relation to advancing a potential Mining Licence application

*This would be a major step forward on a 6m oz mining project with all the infrastructure in place. Could we see this JORC also be increased?

- finalise the updated Jelani study being undertaken by Bara Consulting

*would be great to see this published and would be the groundwork for BFS on Jaleni and reveal the project potential which seems to be around $24bln of gold!

- undertake selected drilling programmes in South Africa on the Company's priority targets

*a drilling campaign to start on the huge Kroonstad resource i would hope, estimated at around 60m OZ

- progress the current work associated with assessing strategic options for the group's USA projects

*a potential sale of the now 320k oz in USA would be a huge impact. Shallow gold here with recent reports by other US miners showing a AISC of around $1500-1800 poz.

Seems these new institutional investors brought in by Marex are in it for the long term.

The rest of the money raised by existing large SHs.

Shouldn't see no flipping here.

Looks like a good set up for 2026 to me.

With this gold price, production underway and cash in the bank.. not to mention royalty deals and huge exploration potential in a tier 1. Huge previous tax losses to utilize also!

Stars have really aligned here for a MC of sub £10m

Lets hope there is news soon... we all been waiting for some progress especially on JV. March was Bara report news and little feedback given since then.

SP is down 50% in 2 years in Gold terms.

Think all us LTH deserve a bit more communication and some tangible progress in early 2026.

Yes.. this licence application is key now followed with a firm timeline of when production will start.

Some very exciting and solid numbers used in this article.

Surely we are very close to a update now regarding JV progress and the updated feasibility report conducted by Bara consulting.

Should be a real game changer if some real direction is given that Jaleni is going to be given a green light.

One would think it was is everyone's intrest to get a move on with this project!

Appears the MMs have finally let us go.

A couple of good RNS and should start to see the value here that many have waited for.

Great article by the guys at TMS.. looks like things really progressing at the $24bln JV.. what a opportunity!

MM's seemed determined to not lift the price presume they must be short pf stock here?

With cash in the bank, very tightly held shares and major catalysts possible here like US asset sales or a JV update i wouldn't want to be short!

Not to mention Gold price back on the loose and in all probability 2026 will see a 5k spot gold ounce although whos to say 5k gold not possible by xmas!

With any concerns about raising funds completely gone can we now build that momentum upwards that a $4k per oz gold price / millions of JORC oz deserves.

Market cap way undervalued but I suspect not for long.

So refreshing and encouraging to see directors protect SHs and put their own money where their mouth is.

This screams confidence and leads me to believe major catalysts are coming soon.

Money in the bank, interested parties hovering around our USA assets and news overdue on Bara report and JV progress.

Hopefully can get the momentum back 🙏

Yes hugely mis valued here by market. You would think any sale of the USA assets would exceed MC let alone the monster sites in SA.

Gold back on the loose hopefully the team here get some news flow and updates out.

$4300 gold means JKL 220k oz JORC contains just short of $1b in the ground now and its super shallow.

The 6m OZ JORC at Jalani JV is $25,800,000,000

The 3 other plots SA low end range target resource is around $94,600,000,000 high end is $387,000,000,000

Current MC here £16m ish....

The scale of opportunity is staggering.

When are some major institutions going to note and get behind this?

Sure it has to happen at some point

Ounces, ounces, ounces !

Like MG proclaimed in the recent interview a mind boggling amount of gold here.

With the gold price where it is now and likely continue to go what is the likely value of our plots?!

The resource potential of SA in the ground has far too many $0000s for me too comprehend.

The JORC of 220k oz in Carolina alone here is likely worth more than entire MC.

Good to see market taking notice at last but considering Mark Creasy taking shares recently at a value of 6p still a long way to go.

Creasy who has made himself a billionaire from similar ventures, has already invested a estimated $20m+ into the SA plots prior to our take over this suggests to me alot more value to come!

Given Bernards last interview im hoping for a mining permit application rather than extending exploration license.

Indeed thats what the scope of the Bara report should cover and be utilized for.

I have orders in above the ask i cant get filled!?

Doesn't seem to be any stock available.

If the shoe fits..

Gold at $4k, SA open for business and as MG proclaimed ounces, ounces, ounces !!

Looks like a aggressive pivot and new driving force to achieve the value we all know is waiting to be unlocked.

Bear thesis evaporated away i feel and the de rampers sound more and more out of touch with reality.

Plenty of trades in both directions as some decent profits taken from last couple of weeks.

Plenty of news likely to drop and the story continues to build.

Still far too cheap imo.

Maybe alot closer than ppl think..

Excited for the Bara consulting feasibility study on 6m oz JV and USA drill results..

Should imagine both are not too far away