Arc Minerals Share Discussion Threads

[bigboyblue] 11/8/2018 06:59

There was an article in yesterday's Telegraph quoting Mark Bristow, Chief Exec of Randgold, basically saying they are looking to acquire smaller gold mining companies. The article mentioned a strong performance at their Kibali mine in the DRC. Perhaps they're interested in Casa?

[fatboy1nc] 07/8/2018 11:11

Also added this am.GLA genuine holders of arcm (pre OTC).

[maverick247] 07/8/2018 08:57

Added 3 batches today

[cbeadle] 07/8/2018 08:50

I have bought some more just they seem to have more focus than from the previous days of Ortac resources

[fatboy1nc] 06/8/2018 18:23

That's why all you newbies need to learn about over the counter bets.It's not about news flow being good or bad. Not about more buys Vs sells. Not about arcm being this vs being that. Pass legacy bets do carry forward on book. From a good source... Lubos has sold some of his shorts over the passed few days. That's why the decline. He still has lots but I think he will feel pain at about 6p now. I will buy some tomorrow.

[1savvyinvestor] 06/8/2018 09:58

hmmm; short term chart not good. At this rate deacon may get sub 4p

[burtond1] 06/8/2018 09:42

https://total-market-solutions.com/2018/07/16/arc-minerals/

[1savvyinvestor] 02/8/2018 11:53

Well done . Was tempted to take some off the table at 5 but I'm sticking

[the deacon] 02/8/2018 11:40

I was in 2.3 and sold just under 5p. I like the prospects here very much and will buy back on a serious pullback. Not going to chase it though, if I miss it then so be it.

[1savvyinvestor] 02/8/2018 11:14

When did you get in then deacon ? It didn't fall back to your target entry.

[the deacon] 02/8/2018 09:00

Already made my money here Savvy. I'll do it again though if it does go that low. Watching brief for now.

[1savvyinvestor] 02/8/2018 08:54

It's all a bit hilarious. Clearly mms marking it down on very low volume . August madness! Maybe deacon is paying someone to get it back to 3.6 for his target entry!!

[vatnabrekk] 02/8/2018 08:45

But if that is the case, then the share price drop yesterday and today can only be explained if it's going to be at a substantial discount, and I really don't see the need for that given the company's current prospects. It would also suggest that there has been a leak. I notice that the last placing was through Optiva.

Of course I'm not saying that there IS going to be a placing, I'm just wondering!

[bobby1904] 02/8/2018 08:43

100% absolutely Not a placing! I've been in every one & nothing happening on that front at moment

[the deacon] 02/8/2018 08:35

Could well be a placing. A sensible CEO would capitalise on the great sentiment here currently.

[vatnabrekk] 02/8/2018 08:28

Why the drop this morning? We're not expecting a heavily discounted placing by any chance are we? Surely ARCM doesn't need that given its current prospects?

[bobby1904] 01/8/2018 18:38

Frustrating but small volume. Big holders not sold today so nothing to worry about imo...

[jon1962] 01/8/2018 17:47

If today is anything to go by good news on drill could be met with another drop! Crazy reaction today?

[1savvyinvestor] 01/8/2018 17:18

got to love a tree shake after an RNS!!

[ifthecapfits] 01/8/2018 15:41

it will be really interesting to see how the share price responds along with upcoming drill results too. we appear way, way too cheap....

[ifthecapfits] 01/8/2018 15:40

Thanks for that - sounds a great story. Lots of positives there but liked "cash flow by the year-end in our view and this should serve to limit the potential for further dilution from an investor perspective."

[1savvyinvestor] 01/8/2018 15:19

here is the link if someone wants to see the original;

[cpap man] 01/8/2018 12:10

Arc Minerals* (ARCM LN) – 5p, Mkt Cap £29 m – Site visit shows copper, cobalt mineralisation in drill core and in stockpile material

BUY

(Arc holds an effective 71.34% of Zamsort and around 73% of Casa Mining’s Akayanga project)

Arc Minerals is pulling some very interesting copper mineralisation out of the ground in its 11,000m drill program.

The drilling team were well into their second drill hole when we dropped in on the project last week and have now completed five holes totalling some 875m of diamond drilling with two rigs in operation.

When we say dropped in, we mean after several days of travelling and six hours in the car from our refuge at the Royal Solweizi Hotel.

Zambia is easy to drive, though the through traffic from the Copper Belt and the Congo does create significant congestion of slow-moving lorries.

The journey to Zamsort is interesting and definitely worth the trouble. The villages on route are friendly and even the stern looking guards around First Quantum’s Trident mine, which is on the way, managed a friendly smile.

Zamsort is a project which lies beyond the road beyond. More precisely, it lies another four hours on a dirt road beyond Trident, the last project on the Zambian Copper Belt. Fortunately the locals appear friendly even if they do think we are Chinese.

We were struck on arrival at the project by the size of Zamsort’s small-scale copper, cobalt processing plant. The plant is substantially complete with first saleable production and cash flow expected this year.

Plant capacity was initially planned at 15tph assuming a leach-tank residence time of 6 hours and recovery rates of 95%. This may be expanded to 45tph if residence times are decreased to 2 hours

The plant should produce concentrate grades of 30% copper and 5% cobalt as a cobalt sulphide.

There is plenty of leach tank capacity at 90tph but if plant capacity is increased then the team may need to upgrade crusher and ball mill. The Filter press has a capacity of 5tph though this is not a constraint as the material is concentrated at this end of the process.

The plant is to be powered by a 450kw diesel generator though this would also need to be expanded to 1-2MW for further expansion.

The team still need to install jig and screen to upgrade material and remove talc but the plant appeared to have all the major components installed
A short 1.5km access road connects the plant to the proposed open pit
The process plant is relatively simple as it is designed to treat simple oxide material to start and some selectivity in the mining should help to improve process plant performance to start.

The ore in the open pit is highly weathered and oxidized for approximately the first 10m with a transitional zone for the next 7-10m. Sulphide ores are then thought to be present for the next 17-36m
Inspection of the second drill hole showed no oxide with predominately bornite mineralisation. Bornite is a good copper carrying mineral to have with this mineralisation running 56m down the hole.

Visual indications of the mineralisation appeared to get better with depth
The core appeared to contain Chalcocite, chalcopyrite, bornite, Heterogenite and carolite and maybe also some gold
At a capital cost of just $1.5m for the plant this is a budget operation though Zamsort as a company has spent more before Nick von Schirnding, CEO at ARC Minerals took control and started properly managing things.

The plant should employ some 40-60 people
There is a stockpile of some 10,000t of what looks like higher grade ore at site which possibly grades around 1-3% copper with some of this material estimated to run at 0.8% cobalt, though mainly 0.3% cobalt has been seen in screened material.

Drilling

Early explorers discovered Zamsort from an outcrop in the bush with an abundance of the ‘copper flower’ and other stunted trees marking its location.

Hole 1 was drilled down to 200m with mineralisation down to 36m. The hole contains oxide copper, malachite and heterogenite, then a transitional zone moving down into copper in Chalcocite and bornite.

Cobalt can be seen in XRF gun analysis which is not considered reliable enough for assaying in this case but is useful to see what is present
Hole 2 hit mineralisation at 41m down hole and was still drilling in mineralisation at 55m when we left

Scale

The two holes are some 442m apart indicating reasonable scale to the project with the rest of the drill program expected to give a much better idea of the potential dimensions of the Zamsort prospect.

In-pit sampling is said to show 11g/t of gold though this may also be elevated from some selectivity.

The deposit is thought to be a semi-metasomatic, skarn type deposit with altered carbonate rocks and some high pressure amphiboles
A faster Reverse Circulation rig is now being mobilised to start drilling in August
The core has been logged with sample preparation underway before assaying. Assays should be returned in the next few weeks.

A ground-penetrating radar trial survey has now been done and this should be rolled out to help work out the scale of the project and if other similar resources exist close to surface in the area.

Conclusion: This is a very exciting time for investors in Arc Minerals. We cannot see what the grades are in the drill core but the presence of significant mineralisation in cores close to surface is indication of good potential. We do not know the scale of the project as yet though the drill program should be giving better indication as it goes along. The presence of a near-completed and simple process plant should earn cash flow by the year-end in our view and this should serve to limit the potential for further dilution from an investor perspective. It’s been a long road for Zamsort, quite literally, but the road should be paved with copper and cobalt concentrates from here.

*SP Angel acts as nomad and broker to Arc Minerals

[potential] 01/8/2018 08:20

Just keeps getting better- This will start to leave the 5p mark very soon!!good to have confirmation that drilling underway!!

[1savvyinvestor] 01/8/2018 08:18

Muted response as expected. But good to have confirmation that drilling underway .