Member Info for Trisse

I have spoken to management and my understanding is that he still is in charge of Zambia operations and definitely still part of the discussions.

This is great news as he was mastermind and master geo begins kalumbila. Expert in advanced geochem which exactly what’s going on atmo. Patience.

Pretty sure drillers haven’t sold anything.

Yes. They see bigger value in shares than cash, meaning a lot imo as it’s not like they’re rich guys in Zambia.

This is happening now with advanced geochem work to be down by the expert Dave. Also, we are going to drill deeper to understand the geology better.

Step 3: getting a worthy deal that offers multiples return to shareholders.

Step 2 and step 3 are being drawn up on the back of step 1.

Dave wood is the best guy we could partner up with to understand where the real thing is.

And Anglo will be the most natural buyer now that they have a leading position on the asset and missed out on the other two tier 1 mines on their former turf (kalumbila, lumwana).

$260mm as a peer valuation is around 20p for Arcm. Trading now sub 3 to me is insane. Remy buying 1.5m above yesterday is another clear evidence of that. Only one reason for buying shares while many for selling.

Clock is ticking and I wonder how long this window of opportunity to buy uber cheap shares will be open.

Summarized view ARCM
Might be a bit of a repeat on yesterday rant but have digested the incredible news from yesterday and the overall conclusion is that Arc is winner sitting on an incredible asset which now also is confirmed by a global major. Nothing like that proof. Beats bullish executives all day.

So where are we:
Nick was with Anglo. Anglo was working on zamzort and zaco. Anglo always considered z/z as their number one exploration asset in Zambia, including sentinel and lumwana. This is why Nick came to Arc, Remy too. And to think that Arc are sitting on these assets where much bigger firms have fought for it and hard.

Now Anglo are coming back. They didn’t leave it bc they didn’t like it, they left Zambia. They’ve spent millions on the asset already. They have data no one else has. They know it inside and out.

So who’s on the ground?

Mr David Wood. He was previously consulting for FQM Zambia and then became full time as they closed the deal on Kalumbila. He was running it as lead geo. He knows the African Copperbelt in and out. He’s a co author on a huge piece together with well know guys like David broughton, finder of Kamoa, now with Bill Gates backed Kobold. One could argue he was behind/played an important role in the $260mm acquisition of Kiwara in 2010 and now he’s doing the same here, with Arc. Difference is quantity of data and scale w multiple targets and larger acreage available.

From my understanding, FQM already tried to bid for z/z around that time. Now that is some interesting stuff!

He’s a super experienced and well respected geologist and I’m happy he’s onboard now even if it’s obvious he wants to buy us out cheaper than we want to sell.

Kiwara was bought at the low end of the market for $260mm. On the other end we have lumwana at $8bn. I can’t see why we shouldn’t, knowing what we already know, be valued close to Kiwara. We’ve had better holes and we have barely scratched the surface on other targets.

We are located in a copper hot zone with producing mines all around us. All our targets were on Anglos top list of targets. No wonder they want them back.. I could see each target as an exciting AIM copper play. Arc have them all in one undervalued company..

Anglo wanted an exclusivity agreement because they don’t want competition. Arcm would not have granted them this exclusive right unless they foresaw and secured a high likelihood a commercial agreement would have be exercised and a fair deal would be given. And btw. How many tie ups w juniors have you seen Anglo doing? This in not too normal imo and another key point...

So what now:
This drilling season is about understanding more about the geology and get a grip on scale. More so than individual drill intercepts the market likes to hear.

Step 1 has been achieved: proving publicly with a partnership that the asset has tier 1 potential. And without locking in an early/low valuation.

Step 2: getting closer to understanding wh

Keeping her happy. Thx for your concerns. That said. Pf up considerably last couple of years inc SAV holding. Good luck mate.

My reply to Older

No. Not at all.

I’ve since long left this platform but felt today news too important not to share all thoughts.

See this thread for some quick ones.

I can’t stress enough how much today means for us investors. It checks so many boxes I need to find more boxes. This is a 10p share are this point and not 2.8.

Link:
https://twitter.com/trisseswe/status/1282961319419883520?s=12

find me on twitter and DM me. I'm out of here as I need to focus. Was fun today to follow. But a complete waste of time.

Will try and write a summary actually soon, been planning it for a while. Can send to you then.

In short, I believe we have it all plus a great management and board that knows how to make it in the industry.

And I agree w TSP on one thing - it comes down to grades and size and market. That said, having a company on AIM supported by a group of large investors is not too common and very helpful for all investors..

yup.. co-founded the co and sold it for £50m.

He is a FO manager
PE guy

I thank you both for the diligent research and hope you keep on posting in depth knowledge and recommendations.

Arc Minerals continue to report copper mineralisation in drilling on the Cheyeza East prospect in Zambia close to First Quantum’s Trident mine complex
Drilling so far confirms mineralisation over 300m x 650m with copper in a relatively shallow formation seen from surface in most areas.
The team are also looking to drill at the West Lunga and Lumbeta prospects.
Drilling at Cheyeza East indicates >300m width to the orebody and some 650m of strike length
It is still too early to guess at the total tonnage that may be contained but this is looking to be a fairly substantial tonnage of contained copper mineralisation.
Drill result from holes 6, 7 and 9:
Hole 6: 19.70m grading 0.59% Cu from 15.30m depth
Inc. 5.80m at 1.00% Cu from 27.70m
Hole 7: 11m @ 0.75% Cu from 69.40m
Inc. 3.9m @ 1.42% Cu from 72.10m
Hole 9: intersected 9.00m @ 0.63% Cu from 11.90m
Inc. 5.00m @ 0.92% Cu from 14.90m
Drill holes 8, 9, 10 & 12 show the discovery to be at least 650m long.
Mineralisation seen so far shows copper grades within 100m of surface indicating good open pit potential if the discovery measure up to be a new mine in time.
Further work at Lumbeta and West Lunga target indicate significant targets and potential for the land package to contain a number of discoveries which could potentially see a number of copper discoveries.
A third drill rig is heading for the Lumbeta target
Cheyeza East higher-grade mineralisation is hosted in an extremely weathered black saprolite host, with remnant tremolite crystals still evident from the weathered protolith. Deep oxidation and supergene processes have formed an apparent sub-surface, secondary oxide tabular shaped body, that appears to have been influenced meteoric waters. Most of the holes drilled to date have intersected the black saprolite although not all have remnanat tremolite crystals.
Kalaba: the Kalaba mine pilot process plant continues intermittently to batch process material resource needs to be refined to better enable the feed of ~1% copper ore for processing.
Previous drill results at Cheyeza East:
Hole 1: 3.94m, 0.72% copper from 35.8m down hole
Hole 2: 25m of 1.05% copper mineralisation from just 2m depth including:
Hole 3: hole lost due to problem in drilling.
Hole 4: 18.00m at 2.35% Copper from 30.60m down hole including:
Hole 5: 28.5m @ 1.32% copper inc.
Conclusion: Results from holes 6, 7 and 9 are not as high grade as seen in 2, 4 and 5 but are supportive for a potential economic discovery given the relatively shallow depth of the copper mineralisation.

Google resource definition. Calculate “the cube” multiply w density and grade and voila.

Completely wrong.

Just ignore the uneducated noise guys..
Very happy w results. Confirms we’re still defining the body, open ended still and it’s above .5% and shallow. Will become a major resource imo. Don't forget the original ambition before we started drilling was to hit zones at 0.5-0.7%, exactly like kalumbila and lumwana... What you need to show is size and that’s where strike length and zones are very important.

The fact that we hit 1-2% earlier is insane and start raising questions as to how big and high grades is the source. (sulphides). More drills to come shortly. Majors looking in and further resource definition and high profile drills at new targets. There's nothing not to like here.

Agreed. Nothing on Dugbe which in this environment really is a valid project from my understanding...anyone had comms re this?

Savannah Resources *(SAV) - Reiterated BUY
Encouraging testwork on co-product feldspar and quartz was reported from their 100% owned Mina do Barroso spodumene hard rock lithium project in Portugal. The conclusion was that these materials were suitable for a wide range of glass and ceramic applications. They also confirmed that the bulk tail alternative to feldspar and quartz was also a saleable product.

The net effect was, as compared to the US$39 per tonne ($/t) assumed realisable value for feldspar in their 2018 Scoping Study, $65-100/t was now more appropriate, while for quartz they could now get $60-100/t, as compared to their earlier $33/t estimate, while the bulk tail could realise $40-45/t. Furthermore, if the bulk tail was to be produced instead of feldspar and quartz, a $15m capital saving on that estimated for their processing plant in their 2018 Scoping Study could be made. This would have the triple benefit of reducing capital costs, while at the same time enhancing co-product revenues and reducing the environmental footprint of the proposed mine.

Mina do Barroso was geographically well positioned to supply the important Iberian ceramics and glass industries, thus offering further support for this project.

So you would not release any news? I hear your frustration btw. I’m there too. Believe me I have spent so much time and effort and money here and skipped many great opportunities for it. But it is what it is and and we are where we are. I’d rather cheer good news than moan about it. You have obviously decided to stick around, why? You can always sell. Many others have already it seems looking at price action. The moaning is just reflecting yourself and not helping anyone. Good luck mate

Everything until we start paying dividends is jam so what should we do? Roll over and die? Give us your 2 cents as you seem to be an expert :)