African Battery Metals Share Discussion Threads

[failedqs] 04/5/2018 07:28

New nomad appointed.Time for another deeply discounted placing I guess!......

[cpap man] 12/4/2018 10:56

African Battery Metals* (ABM LN) 0.05p, Mkt Cap £2.9m – Cobalt drilling program extended

African Battery Metals report that the company has extended its auger drilling program at its Kisinka copper-cobalt property in the DRC.

Results show elevated levels of cobalt as we would expect in an area where artisanal miners have been seen extracting copper-cobalt ores from surface pits
This is a first pass drilling program to quickly and cheaply extract soil samples above the mineralised bedrock.

The team are using a XRF Niton gun to test results from the auger drilling and will send the more interesting results for laboratory testing in Johannesburg.
This technique is being successfully used by others on adjacent licenses to identify copper-cobalt anomalies.

ABM are also evaluating other copper-cobalt opportunities in the DRC and have an option over a second, Sakania, license which it will investigate.
For further information see: www.abmplc.com

Conclusion: It is good to see the results of field work starting to come through. We expect to see indications of copper-cobalt mineralisation from these results and for this to then direct a more meaningful diamond drill program. We would then hope to see grades and intersections which could drive a conceptual pit study and early stage economic evaluation.

*SP Angel act as broker to African Battery Metals

[failedqs] 12/4/2018 10:32

UKG - for the record I bought in at the Pre IPO and IPO stage of Sula, average of about 5p over both tranches - sold a while back at 0.35p if I recall properly, so lost a packet.

Wouldn't short them, not my style.

Certainly not buying them!..... I thought the new Management Team were the real-deal, turns out they are as hopeless as Nick Warrell was.

Is the guy Matt Wood still there?.... He should have been bagged at the same time as Warrell, keeping him in the same role shows the new Management do not have a clue. Another intellectual pygmy.....

[ukgeorge] 12/4/2018 10:10

you three are a happy bunch :)

You are either all short which I think is unlikely and very dangerous. Or disgruntled long term holders who have lost your shirt on this bag of proverbial. Or you are actually buying up as many as you can....

[failedqs] 12/4/2018 09:58

Shame - the old Sula continues to eat up cash at an alarming rate without any sign of any return. Further massively diluting fundraising coming soon......

[ukgeorge] 12/4/2018 09:43

I think buying under .05p is a good punt. but yes it is a punt.

They will find some cobalt and when they do the share price will go up multiple times.

Now is the time to be buying a few while the company is under the radar and unloved.

Cobalt should remain high for the foreseeable future.

[escapetohome] 12/4/2018 08:58

More raisings? uninvestable.

Make existing owned assets pay!!!!

[the deacon] 12/4/2018 08:56

Doubtful. They've undertaken a lot of drilling and have plans to do more. Additionally, they're looking at more tenements to add to the portfolio. Sounds like a significant cash drain to me. No figures in today's news either.

[ukgeorge] 12/4/2018 08:51

Deacon they raised £1.7M in December. They should be absolutely fine.

[escapetohome] 12/4/2018 08:06

Make the existing opportunities pay, before being “ excited “ about new opportunities.

[cpap man] 12/4/2018 07:49

African Battery Metals plc

("ABM" or the "Company")

Auger Programme Extended

African Battery Metals plc, the AIM quoted African focused exploration company, announces that the auger programme on its Kisinka property in the Democratic Republic of the Congo, ("DRC"), as announced on 12 March 2018, has been extended to investigate some additional soil anomalies.

Auger Programme Extended

As shown in Figure 1, two lines of augering have so far been completed on ABM's 70% owned Kisinka licence in the DRC acquired in December 2017 (the "Licence"); one across the south eastern part of the 7-8km long Licence and the second towards the north western part of the Licence. The augering does not penetrate the Licence's bedrock, which is where mineralisation is hosted, but penetrates the surface to extract soil samples from closer to the bedrock which is useful in areas of soil cover like Kisinka.

XRF Niton results from the northern auger line (which deviates to follow local tracks so as not to cross fields of crops) have led to the decision to extend the line as indicated in Figure 1 below. As previously disclosed, the Company intends to submit soil samples collected from interesting anomalies for laboratory analysis in Johannesburg which will occur shortly.

Given the large size of the Licence, and the distance between the two lines of augering, consideration will also be given to running a soil sampling programme on a grid pattern across the whole Licence area. ABM is also aware of similar soil sample programmes being conducted by other companies on licences immediately adjacent to Kisinka, and the Company understands that copper-cobalt anomalies have been identified on these adjacent licences.

Additional licence opportunities in the DRC

Whilst the current exploration focus is on Kisinka, the team continues to evaluate other copper-cobalt opportunities in the DRC. ABM retains the option over a second licence, Sakania, and expects to investigate that licence in due course.



ABM has also been approached to look at other licences within the DRC, some of which have had geological work already completed on them and which confirms high grade copper/cobalt mineralisation.

Roger Murphy, CEO of ABM stated:

"The first two lines of our auger programme at Kisinka have now been completed, with soil anomalies showing elevated levels of cobalt. Given positive indications from the northern auger line, we have decided to extend the auger programme and we plan to submit samples for laboratory analysis in Johannesburg shortly.

"The next round of field work on Kisinka, which could involve soil sampling or further augering, will be formulated based on ongoing results. We will update the market with these as they become available.

"In the meanwhile we are excited by the quality of opportunities we are being offered. We continue to assess these opportunities and will update the market as appropriate.

[arlissfry] 11/4/2018 16:57

Roger Murphy is presenting and answering questions in London next week:
hxxps://www.eventbrite.co.uk/e/thor-mining-plc-metalnrg-plc-african-battery-metals-plc-legendary-investments-plc-tickets-44832242444

[arlissfry] 11/4/2018 16:56

Roger Murphy is presenting and answering questions in London next week:
hxxps://www.eventbrite.co.uk/e/thor-mining-plc-metalnrg-plc-african-battery-metals-plc-legendary-investments-plc-tickets-44832242444

[the deacon] 09/4/2018 15:24

Must be getting low on cash now.

[cpap man] 26/3/2018 15:20

Absolutely!

[ukgeorge] 26/3/2018 15:06

Thanks cpap good day here :)

Lets hope they find some cobalt :)

[cpap man] 26/3/2018 15:05

Gave you some tick ups UKGeorge!

[bckttsim] 26/3/2018 11:55

URU will do the same with a few buys.

[ukgeorge] 26/3/2018 10:38

Haha who hates my posts? Perhaps they would like to say something useful?

[ukgeorge] 22/3/2018 16:10

so below placing price now will the selling start to dry up?

[ukgeorge] 22/3/2018 10:27

Cobalt LME 3m US$95,250.0/t vs US$90,250.0/t

Cobalt flying......

at 0.05p the same as the placing price (where £1.75M was raised) these are a pretty good bet imo.

If they hit any cobalt could be a multi bagger

[ukgeorge] 22/3/2018 10:27

Cobalt LME 3m US$95,250.0/t vs US$90,250.0/t

Cobalt flying......

at 0.05p the same as the placing price (where £1.75M was raised) these are a pretty good bet imo.

If they hit any cobalt could be a multi bagger

[cpap man] 19/3/2018 12:32

Glencore signs Cobalt supply deal with China’s GEM

Glencore has signed a cobalt supply deal to sell 52,800t of cobalt to GEM, a Chinese battery recycler, over the next 3 years.

GEM comments that their need for cobalt is increasing daily and recycled resources are not able to satisfy demand

GEM and it’s subsidiaries are planning to buy 13,800t of cobalt in 2018, 18,000t in 2019 and 21,000t in 2020