Member Info for Turtlewax

No probs Ella, I am on the mailing list for Zamare as found their sites interesting.
Haven’t looked in to Moxico so can’t be of any assistance.

Zamare was established in 2018 to identify, acquire and explore for mineral deposits, especially those minerals required in the growing renewable energy markets, such as copper. It is currently focussed on the Zambian side of the Central African Copperbelt, the world’s largest and highest-grade copper/cobalt province. Zamare’s strategy is to acquire and de-risk a portfolio of what the Directors believe is highly prospective exploration acreage in Zambia to locate the next generation of copper mines. Other metals are also prospective on the licences, including cobalt, nickel and gold. Zamare’s portfolio of assets includes 5 licences totaling 1,121 km2 and covers a range of geographical areas and differing potential mineral styles. Two licences are next to large, producing mines and are relatively under-explored. Other licences are located in regions of discovered mineralisation where other sizeable exploration companies are also carrying our exploration activities.

22nd March 2022
Zamare announces over-subscribed pre-IPO financing
Zamare Minerals Limited (“Zamare” or “the Company”) is pleased to announce that it has raised over £600,000 in an oversubscribed private placing that included existing shareholders and new investors.
These funds were invested at a price of £3/share with a half warrant at £4/share which has a three-year life. These terms were identical to those of the financing in April 2021, even though the Company has made material progress on four of its five exploration licences in Zambia.
The new funds will be used to maintain exploration momentum on Zamare’s Ntambu and Dongwe licences in Zambia, building on the good results of 2021, and to fund the costs for the Company’s planned Initial Public Offering (“IPO“) in London in 2022.
Managing Director of Zamare, Roger Murphy, commented, “We are delighted by this support from new and existing shareholders in challenging times. These funds will allow us to further advance the very encouraging work we completed on our Ntambu and Dongwe licences in the 2021 field season. It will also fund the work necessary for Zamare to list on the stockmarket in London this year. I would like to thank SP Angel for their support in this raise.”
Zamare currently has five 100% owned Licences in Zambia totaling 1,121 km2;
• Ntambu (204 km2). The licence is contiguous with and along trend from First Quantum’s Enterprise nickel and Sentinel copper mines and along the same basement high as ARC Minerals, who have reported exciting results. Zamare has signed a Technical Cooperation Agreement with First Quantum Minerals over Ntambu. In late 2021 Zamare completed 6km of ground AMT geophysical surveys (a widely used electro-magnetic survey techniques to map geological structures at depth) across 3 lines at Ntambu. The lines were planned to test the effectiveness of AMT for imaging through Kalahari cover. Results show excellent correlation with logged geology and potential drill targets were identified. As a result, AMT lines will be collected across the whole of the Ntambu licence in the current field season;
• Dongwe, (782 km2) consisting of three licences also in the North-West Province, in an area with current artisinal mining and where other companies are drilling for copper now. The Company assayed 15.8% copper and 0.57g/t gold from an artisanal pit on the Dongwe licence in late 2020. In 2021 Zamare

completed a 9,173 point, regional soil sampling programme with good results that identified multiple potential drilling targets;
• Murundi (135 km2), located in the prolific Copperbelt and adjacent to the Mufulira Copper mine, one of Zambia’s ‘Big Four’ mines. Zamare has signed an earn-in and joint venture agreement with Rio Tinto on Murundi;

Ella,

I am surprised you haven’t noticed Golden Square’s accounts have now been posted.

1,150,519,886 the same number as the block listing on 23rd Feb.

Misplaced optimism from me then!
Here come the negative posters!

Good luck, let’s hope you genuinely are not Out of luck!

True Ella, that’s why I am invested here, a distinct lack of flies when compared to other companies!
The life of a FTSE 100 troubleshooter sounds like an audit fest!

Good luck to you OOL!

Don’t think that’s on the agenda for the audit Ella. I haven’t seen anything regarding it on the various pieces of Zambian media I have been reading.
Maybe Nick and the Minister discussed it? Oh to have been a fly on the wall!

Surely you should be giving your judgement a thorough assessment OOL. Given the news due, your sells don’t particularly reflect well on your judgement, or, for that matter, anything you say.
Hope you don’t mind me expressing my opinion.

Didn’t Andrew spend sometime in Dubai last year?

Hi Ella,

The delay was addressed in the IC too. Will spare you the boring direct quotes. Covid.

Hi Diamond, regarding the aeromag survey, in the IC call on 25th Feb during Nicks intro he said about the aeromag survey:

“Looking for new targets and confirmation of existing targets. This will inform any future drilling. The results will be shared with relevant interested parties. The study is due for completion within the next fortnight”

Question 1 was about the aeromag survey:

NVS – The survey will be released when it has been completed. It will be very interesting to see what comes out. It will confirm existing targets and identify any new targets which may have been missed.
VC – Bits and pieces of the survey have come through and the final report will finalised shortly, but its looking good.

So it was due to be completed in a fortnight. Also it was being shared with the relevant interested parties, when completed of course. I would expect them to see it first as it will inform any future drilling. I suspect it will only be released to shareholders after a deal has been concluded and a drilling plan agreed. Well that seems the logical process to me.

Also Nick didn’t say the survey would be released to shareholders ‘immediately’ when completed, just when it has been completed. You can put any time span on that!

Also note Vas said the aeromag was looking good!

I am glad I made my own notes of that IC call, they certainly are useful!

Good Luck!

Hi Lee,

My thoughts are that the legal cases are still having a lingering negative impact on confidence. Hopefully this will change when the deal, and it’s terms, are agreed and released.

For those unaware, the President of Zambia is attending the Mining Indaba this year.

Hi OutofLuck, I used ‘MAY’ because I obviously have no idea if we will or not, and also to follow from the wording used by Ella.
It looks to me everything Rackla are doing would indicate confidence in completing the acquisition. Even if there is another short delay announced, I am not worried.

I think we have established now that Ella holds and added to her position recently. Good timing considering the news flow.

Unfortunately, given past history, it’s difficult for some to move on. Although my thoughts are that it’s better for all to do so.

To save any ‘de-ramping to get in at low sp’ arguments; if Ella says she recently added, she could have got a lower price 4 or 5 weeks ago.

Anyway, a factual post by Ella. I noted the accounts were published a week earlier this year than last (March 17th in 2021). This may be something and also may be nothing. However, strangely enough, my thoughts echoed those of Ella. ‘Audited accounts MAY be another stepping stone to getting the investment for CASA finalised.’ Therefore, we MAY get news on the Casa sale this week.

I think Casa gets sorted before we hear about anything else and the timing could work out favourably as Kopore should be on fumes regarding the Botswana acquisition shares.

Let’s hope it’s an exciting week ahead.

Too many unmanageables rather.

To be honest, I think I have given up on the branch. Too many things unmanageables.

Oops!

http://www.arcminerals.com/news/rns/rns-details/2021/Arc-Minerals-Limited---Proposed-Placing-and-Acquisition/default.aspx