Member Info for Y00020978

It was one of those two....can't remember exactly, i'd have to dig it out but certainly one of the most recent ones.

I'm not concerned - they simply won't have spent years going through the application process to then not comply with the final step.

Yeah in the latest interview from RM he confirmed there were delays with commencing the latest survey because of land access issues...which have now been resolved.

Mining Right registration is a question mark and still needs confirming.....however I have full confidence that the company know what they are doing and will be in constant dialogue with the powers that be to ensure they are compliant. They won't have spent years on the application process only to not formally register it....they described that step as a formality. They will have their reasons for not registering it just yet....we'll be the last to know.

The company are well aware of this and know what they are doing.

Their plans will have been shared with the DMRE as part of the mining right application.....and subsequently approved by it's award.

The survey they were planning on progressing was delayed due to land access issues. The survey was pushed back by 3-4 months as they worked through the issues. Now resolved its back to progress.

We'll see where we are in 3 months and again in 6.

I don't believe a lifestyle company would waste it's time and money in applying for a Mining Right.....they could have continued drilling at a snails pace.

I believe the company have accelerated over the last 12 months and made excellent progress with surveys, drills and securing the 30 year mining right.

All a concerted effort to prove our asset is an extension of the Platreef through surveys and drilling. Once we get confirmation that the drills validate the geology interpreted from the surveys this should completely rerate.

If the surveys and subsequent drills return positive results we have:

Geology proven both through surveys and drills

30 year mining right

Nickel prices and PMG prices flying

Safe jurisdiction

Majors on our doorstep (Ivanhoe and Anglo American)

Infrastructure, power and access

Would this still be valued at less than 6m MCAP? I don't think so.

You said to come back in 3-6 months Jono - let's see how much progress has been made in 3 months, and again in 6 months.....if progress is slow and the SP is still down here I will be gracious enough to say you were right....however i believe we're entering the most exciting and potentially rewarding 6 months in the companies history.

Zorbas is the majority shareholder - if he wins, we all win. I'm confident that he's not here just to collect a salary......there's a much bigger end game playing out IMO.

Good luck all holders.

Things are progressing very nicely and to plan.

"The commencement of the ground-based electromagnetic survey marks another important step in advancing the Zeb Nickel Project. Following the encouraging results from the gravity survey, this next phase will allow us to further refine the conductive anomalies and better understand their potential to host semi-massive to massive nickel sulphide mineralisation.

"We are very excited about the progress being made and look forward to the coming weeks as the FDEM survey progresses. We will continue to provide shareholders with regular updates as results are received and interpreted, further strengthening our pipeline of high-quality drill targets."

The following milestones in the next 3-4 months so not long to wait for a noteworthy rerate:

Survey Completion

Positive (hopefully) survey results

Drilling Commences

Positive (hopefully) drilling results

News on JV or Asset Sale could land at any point.......we are next door to a major, and have ourselves secured a 30 year mining right. They didn't put in years of effort securing that just for a laugh.

It had a 19 year mining right in Russia and sold their Kun-Manie asset for $35m.

Compared to Zebediela:

The Kun-Manie nickel project in Russia was initially a very large exploration area, but the actual, concentrated mining interest was quite small compared to the vast resource footprint of the Zebediela project in South Africa.

Kun-Manie (Amur Minerals): The original exploration licence covered roughly 950 km2. However, as the project moved towards production, this was reduced to a focused 36.2km2 area of economic interest, comprising four main ore bodies.

Zebediela (URU Metals): This project focuses on a massive, low-grade, disseminated nickel sulphide resource covering a large, continuous area in the Limpopo province. It reported an inferred and indicated resource tonnage (over 1.5 billion tons) that is significantly higher in total tonnage than Kun-Manie's, aimed at high-volume open-pit mining.

Key Comparison: Area Focus: Kun-Manie was a large-scale exploration project narrowed down to a smaller, more concentrated 36-km² mine footprint.

Resource Size: Zebediela is characterized as one of the top ten largest nickel sulfide resources globally due to its vast, low-grade, in-situ tonnages.

In terms of concentrated, direct area of development (mining license), Kun-Manie was much smaller 36.2km2, while in terms of total contained tonnage of mineralized material, Zebediela is significantly larger.

I'm not familiar with their story.

Did Amur Minerals have an approved Mining Right or were they just a Junior explorer?

JV a very valid shout....and a huge boost to the SP with a reputable partner

Positive survey results

Handful of drills - hit nickel Sulphide sweet spot

Asset sale

Mining Right registered in their name

End Game

If we land the following:

- Multiple surveys completed and looking positive

- Multiple drills proving the geology (Platreef extension)

- Nickel Sulphide sweet spots hit

- 5km from Ivanhoe

- Nickel and other PGM spot prices flying

- 30 year mining right

In a buy out scenario with less than 100m shares in issue, i could easily see this valued at £100m/200/300m +.....so SP £1/2/3+

The big IF is if these drills can prove that the geology matches what is interpreted by the surveys, and IF there is a buyer out there.......if the first one lands I don't expect a shortage of suitors.

Don't wait too long if you're looking to enter.......game changing news could land at anytime, then you can wave goodbye to these levels!

I'm expecting a very exciting couple of months.

GLA

And gravity results came back within a week and a half.....

Conductivity results could come back in similar time.

I just bought Ballio's cat for £18k....that big buy is his.

Resource, equipment, power, access.....all there ready.

The simplest expansion in history - timed to perfection by URU/Zeb almost as if it's been a long time in the making.....if the drills prove the geology.

Not long to wait - GLA

And Nickel closing in on $19,000 per tonne.

Lots of references to Ivanhoe recently......have we been given a pre-requisite of hitting a Nickel Sulphide sweet spot to validate the survey findings and then a deal is on now we've secured the Mining Right?

It's been a long time coming, but bringing Zeb Nickel on board, processing the mining right over a number of years and completing a number of surveys (one paid for by our neighbour) & drills ....plus the unnamed Institutional Investor last year could all have been part of the end game that is soon to be played out.

GLA

Multiple surveys showing what should be under our license area, peer reviewed published research referencing Platreef sequences on Uitloop, northern limb of the Bushveld Complex (our license area) and drilling results that validate these surveys/research....situated only 5km from Ivanhoe and a 30 year mining right secured, can only lead to one thing......absolutely HUGE upside from these ridiculous levels.....5.7m MCAP with less than 100m shares in issue......behave!!

And the road leading to Ivanhoe is only 5km long :)