RE: RE: Applicants ??7 Sep 2022 00:10
Fukurokuju makes a very significant and important point, not to be glossed over.
I will add some meat to it.
The Kalaba prospect was first reported by the Rhodesian Congo Border in the 1920’s, it was called Mckennas prospect.
The Roan Selection Trust explored the area in the late 1950’s.
The area was also explored for Uranium in the 1970’s.
In the 1990’s Equinox and Anglo American formed a JV (Zamanglo) and our licence areas were ‘rediscovered’. This JV carried out further work across the Kabompo Dome Area. Resulting in the famous list of 30 targets of which 9 are located on our licences (this includes the top 7 targets).
In the late 90’s early 00’s Anglo pulled out of Zambia for political reasons and therefore nothing further became of these targets. At around this time Nick held a senior position within Anglo and was heavily involved in them floating on the LSE.
In 2005-2006 Zamsort were granted a small scale mining licence at Kalaba and a Large Scale Prospecting Licence. This was subject to a time consuming legal challenge which was finally settled in 2014.
2015-16 Ortac get involved in Zamsort and Nick gets involved in Ortac.
When Ortac went to view the old Roan Selection Trust cores, which were kept in storage, it was obvious someone had taken samples of the cores. When they asked who had taken the samples, they were told a major mining company had turned up with a geologist and taken the samples away.
A few months prior to this another Major mining company had been in to look at the cores.
Skip forward a few years and Anglo turn up showing an interest in our licence areas. They sign an EA which expires but Anglo don’t walk away. Following the legal settlement Anglo agree exceptional terms on a JV.
So 20 odd years ago Anglo knew our licences had fantastic potential, for political reasons they ‘left’ Zambia. Now they turn up again and have David Wood, involved in the discovery of Sentinel (another target on the list of 30) and an expert in the Kabompo Domes area, working for them. They subsequently agree terms on the JV with Arcm.
Can’t see Anglo walking away to be honest. When the reorganisation of the Zambian mining licence portal is completed we shouldn’t have too much longer to wait.
Just my opinion of course.
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