John Wilton’s Post

Koryx Copper (TSX-V:KRY, OTCQB:KRYXF) President and CEO Pierre Léveillé joined Proactive's Stephen Gunnion with an overview of the company's projects and the dynamics affecting the #copper market. The company, formerly Deep South Resources, is focused on the Haib Copper project in Namibia, which boasts a significant deposit with over 1 billion tonnes of ore at 0.31% copper. It aims to increase this grade through ongoing drilling. Additionally, Koryx holds options on three licenses in Zambia's copper belt, though these are at a more exploratory, greenfield stage compared to Namibia. Léveillé explained the recent amendment to the Preliminary Economic Assessment (PEA) for the Haib project, clarifying that technical and economic aspects remain unchanged. The amendment was to comply with the National Instrument 43-101 reporting standard. Watch at #Proactive #ProactiveInvestors #TSXV #OTCQB #KRY #KRYXF http://ow.ly/pr3C105aX1i

Wonderful Development in Manyinga District - North Western Province Zambia

Koryx Copper intersects 72 metres of 0.38% CuEq; 80 metres of 0.34% CuEq at Haib Copper Project, Namibia - https://lnkd.in/gnPZb7K6

Guinea is home to the world's largest bauxite reserves, an ingredient processed into alumina which is used in return to make aluminum. She also has Simandou project, believed to contain over two billion tonnes of iron ore making it one of the biggest untapped iron ore reserves globally. Despite all these proved reserves endowed to her, she suffers harsh energy crisis. The country has been shedding power since December 2023. This alludes to the fact that there is low water levels which is affecting hydropower dams and a recent fire outbreak at one of the fuel depot in the capital Conakry has as well affected thermal power plants breakdown according to the sate owned utility service provider. (Bloomberg news) The company( EDG) stated that “Load shedding will be reorganized from April 6, leading to two to five outages per day in order to ensure continuous electricity supply until the arrival of the rainy season.” (Bloomberg, 7 April 2024 by Ougna Camara) #KwasiAmpofo #Bloombergnews #OugnaCamara

Ivanhoe Mines’ massive Kamoa-Kakula project in the Democratic Republic of the Congo (DRC) produced 86,203 mt of copper concentrate in 1Q2024, the company announced earlier this week. This is down about 6.5% compared to 4Q2023. The company cited excessive rainfall, which has impacted the DRC’s hydropower and electricity production, for the lower copper output. Ivanhoe expects to produce 440,000 to 490,000 mt of copper concentrate this year. The Kamoa-Kakula complex has become an important emerging copper mine in recent years, with ore grades that far exceed that of any copper mine in Chile or Peru. (Source: Ivanhoe Mines)   #commodities #trading #markets #metals #economy #economics #hedgefunds #hedgefund #money #investing #investment #business #familyoffice #oil #energy #finance #mining 

The Mingomba mine project is a strategic investment by KoBold Metals, a U.S.-based start-up that uses artificial intelligence to explore for critical minerals for the electric vehicle and renewable energy revolution. KoBold Metals has partnered with EMR Capital, a specialist mining private equity firm, and ZCCM-IH, to invest $150 million in the project. The project is strongly aligned with the 2022 National Mineral Resources Development Policy to grow copper production and local supply chain content and corporate social responsibility. The expected benefits of the Mingomba mine project to the economy are: - It will increase Zambia's copper production and exports, which account for about 70% of the country's foreign exchange earnings. - It will create jobs and skills development opportunities for the local workforce, especially in the fields of mineral exploration and artificial intelligence. - It will foster transparent, secure, and sustainable critical-mineral supply chains, which are essential for the green-energy transition and the climate-smart economy of the 21st century. - It will enhance Zambia's reputation as a mining destination and attract more foreign direct investment and innovation in the sector.

It’s encouraging to see the interest that this project has drawn locally and globally. The truth is that the Northern limb of the Copperbelt has been known to have deep seated high grade structures for many years. Konkola Deep is one of them and so is Lubambe. Most of them are open ended and the limit is the international boundary with the DRC. On ZCCM IH I believe it needs to streamline it’s strategy. ZCCM IH actually has all the geological data it inherited from the parent ZCCM Ltd. A few of us worked hard to preserve the technical data in Kalulushi at the Techical Services Library and core shed with the late Librarian Justin Chileshe. Companies like FQM piggy backed on ZCCM IH with a small Mkt Cap then. ZCCM IH’s Market Cap is still below $200M and FQM’s has grown to $8B with an enterprise value of $16B. Clearly something is not right here. On the other hand our stock exchange LuSE is quite illiquid and most of the local institutional investors don’t participate in exploration and mining assets.This inevitably perpetuates the cycle of capital flight through repatriation of profits when assets like Lumwana are developed. FQM delisted on LuSE because of low volumes.Kobold announcement has excited US investors

Premier African Minerals has raised £2 million at 0.17p ahead of the start proper of operations of processing at its  Zulu lithium project in Zimbabwe. Teething problems getting the plant started have delayed a ramp-up to full production but yesterday chief executive George Roach said it was in the ‘home stretch’. Today Roach added: "The final step in commissioning Zulu looks to be the changes to be made to the material flow through the floatation plant as described in our announcement of 10 April 2024. “These changes expect to see the floatation plant able to accept the design tonnage and to remove the restrictions on potential spodumene concentrate production.  “The required piping and valves are expected to load for site by Tuesday 16 April, and the expectation is that fitment could be complete as early as the week commencing 22 April 2024.” More at #Proactive #ProactiveInvestors #premierafricanminerals #lithium #zululithium http://ow.ly/P546105p8Nm

Innovative Gold and Copper Extraction by Bougainvilleans at Paguna Mine Bougainvilleans Employ Innovation to Extract Gold and Copper at Paguna Mine in PNG Post-Crisis. They are harnessing innovative methods to extract gold and copper at Paguna Mine, revitalizing the local economy after recent crises. #Bougainville, #GoldMining, #CopperExtraction, #PagunaMine, #Innovation, #PNG, #LocalEconomy, #SustainableMining Video: PNG Perspectives.

Exciting times ahead