Member Info for SorB

Ontarget, I saw the infill drilling RNS and like yourself get the impression a JORC might drop at anytime. I also thought the last assay RNS was just covering old ground and was just released to appaise shareholders as the license wasn’t set in stone. This isn’t the case now and it should be all systems go. When I was trying to compare grades and strike lengths against BGS I did see a map of KODs drill holes. I’ll try and dig it out for you.

Taken from an RNS in October; "Our exploration drilling and definition work is scheduled to commence as soon as possible after the rainy season, with a drill rig contracted to undertake a large-scale programme testing our advanced prospects as well as several high-priority new prospects." These several high-priority new prospects are what I’m interested in, BGS found a monster under vegitation let’s hope we do the same.

Ned, as long as the off-take agreement is set at market rates then this is not an issue. Like most I was annoyed at the Delayed JORC. BA must have had an idea of what we had and it was obviously not enough. No point releasing a jorc if you can’t oblige the proposed offtake agreement. If my suspicions are correct and the license debacle was the issue then we will now see the news flow we’ve been promised. If we don’t see news this week I will be very disappointed and will review my stake in KOD.

So, as we have a news blackout here I’d thought I’d share some snippets from the BGS RNS today. ——— at 31 December 2017, 1,863 holes had been completed for 15,788m. (We started the same time, so I’m 100% convinced the lack of news is license related.) ——- Work continued during the Quarter on revision of the Project PFS announced in October 2017 (BGS 4 Oct 2017), which confirmed the potential technical and economic viability of a 1-2 Mtpa plant producing 198,000-396,000 tonnes of spodumene (6% Li2O concentrate) over an operational mine life of 9 to 14 years. This projection was based solely on the Indicated Resource Estimate announced in June 2017 (BGS, 22 June 2017). With the anticipated additions to the Goulamina resource inventory (resulting from the highly successful drilling programs described in Section 2.1), Birimian is updating the PFS during the first half of 2018. ——— BGS have put in for a new tenement, they’ve been told their is a backlog of 400 licenses. Now we know why it’s taking so long. Have a read up of the RNS in full, it’s definitely worth a read.