Member Info for Sq52

One to watch next week, could be a great time for Zambian mining:

https://www.bloomberg.com/news/articles/2021-08-20/zambian-mines-look-to-new-leader-to-unlock-2-billion-investment

CNBC news article to cheer everyone up as we pass the time:

https://m.youtube.com/watch?v=6LBC8ntzgIA

Didn’t know that so much copper gets recycled and the world still needs huge amounts more.

$5lb is going to be smashed based on this news article.

I’ve got no idea on the location, but given the last update from the 12th of August said:

‘Drilling of the fifth and sixth holes of the programme (BRDD-21-011 & BRDD-21-012) is already well under way’

That means we should be just about tipping into the 300m zone and starting to hit mineralisation. No news is good news.

Question is, what locations are the drills? Need some more guess the location photos on Twitter (or drill plan).

Great update yesterday, plenty of opportunities to share a drill plan / sequence and it’s not been done.

So my question is: why?

Standard Australian pallet is 1165x1165.
Guess on 1m3 looks about right

Yep, a lot of potential Howezap.

Get an open pit processing plant off the ground (actual / theoretical) and it opens up a lot of options for the whole region.

Good find Ella, if I’m reading this right, the map on Legacy page 19 overlaps with the Xtract investors pack map on page 5? Just needs updating from AA to Xtract.

If so, couple of nice bits to have a look at in EL8585. Lonnggggg way to go before that gets looked at.

Cheers Ella / Lucky, had a reread of the annual results and look at the Feb + May RNS.

For Eureka it sounds like we’re awaiting confirmation of contractor, drilling update from north of pit in search of IOCG ‘blow’ and assay results from last phase of drilling.

Nice.

Can see why you’d want a heavy weight project manager on Bushranger, could all be kicking off for Eureka shortly as well - two potential game changers at once.

Just over 3 months since the last Eureka update.

Anyone on ideas from other companies how long SGS Zambia assay results are taking? I know there will be delays, so we could be looking at 3-4 months easy.

He’s the perfect project manager to really focus on Bushranger. This is the laser focus it needs to do it justice - cracking move BOD.

Taken for XTR website, assuming it’ll be taken off shortly.

Jeremy Read is an experienced minerals resource industry executive, having worked on a broad range of precious and base metals projects in Australia, Africa, North America, India, and Scandinavia. Mr Read has wide ranging experience from project generation, greenfields, brownfields and project development. He has extensive exploration experience for gold, copper, and nickel sulphides. Mr Read spent 11 years working for BHP in Africa and Australia, including several years as the Manager of BHP’s Australian Exploration Team. Mr Read played key roles at BHP in the discovery of the Kabanga North nickel deposit, in Tanzania, and the Cairn Hill magnetite-copper deposit in South Australia, and subsequently at Discovery Metals Limited, in the discovery of the Boseto Copper deposit in Botswana.

Since 2003, Mr Read has concentrated on developing junior mineral resource companies. He has been the Managing Director of a number of ASX-listed resource companies: Discovery Metals Limited, Meridian Minerals Limited, Avalon Minerals Limited, MinQuest Limited, and Pursuit Minerals Limited. Mr Read is a Member of the Australasian Institute of Mining and Metallurgy (“AusIMM’”).

Liking everyone’s different interpretations of interview and then adding time on.

Hoping it’ll be a lot smoother this time. Only a month left to find out.

First four holes are on / through the crown, expecting 0.4+ and above in chunky sections for these to be considered a success. Results by mid September, should be start of September (interview said 5-6 weeks) just adding couple of weeks in based on prior timings - hopefully proved wrong.

Around the same time, we should have moved the drills and started testing new sections of the current open pit model. Wouldn’t expect copper grades to be as high, anything above 0.15 and it’ll add to copper pile.

Would be good to get a drill sequence plan / map as we’re still playing pin the tail on the donkey.

Whilst we’ve got a rough idea, unless we get sequence it’s difficult to rate how successful the drill has been.

There isn’t enough copper capacity on the horizon for the next couple of years. Once this production capacity is lost, you can’t get it back, this will only increase prices further.

Crazy flip side is, BHP will increase its value by not increasing wages, so it makes sense to go into battle with union (for a bit anyway)

I’m not a JORC expert, but reading this I don’t think inferred can be included in JORC value

http://www.jorc.org/docs/jorc_code_2012.pdf

Page 12/13 is the part that suggest this.

I think inferred can add value to the sale, but as the 2mt cut off is based on JORC compliance, it needs a better degree of certainty.

A 7km stretch of porphyries, so good you said it twice.

Falls into previous CB district comments.

Footrot RNS has the data on depth:

This combined data set shows a large chargeability anomaly over more than 1km length at about 500m depth in the west of the prospect area

Thoughts based on prior interviews was AA didn’t drill the right location. Also, if it’s 500m depth, then AA won’t have gone deep enough as well.

Good RNS, but even better interview.

We have the model, we have the base to build on and we also have the drill locations for phase 2…… and we know that one of them has now gone past 600m in the sweet spot.

Thank you CB and team - game on!

Howezap, Footrot is about 7-10km S/SE from Racecourse and it’s open ground at that point with very few trees and good access.

Both drills should have hit the 600m targets easily over the weekend, so hoping we get a RNS to confirm (ideally with locations). It’ll open up a lot of questions if we don’t.

Risky business jumping out / in given the narrow margins.

Two drills spinning and one of them isn’t at the shallow saddle location + no update to say it’s stopped / not hit mineralisation.

If the second drill is poking into Footrot and is still spinning….