re: net earnings in at 8.25m usd
Apart from the teriffic result, I also liked the look exploration program for the Mutoshi area.
Nineteen holes comprising 3,012 metres of RC drilling were completed in a scoping program designed to test the potential of the Mutoshi North-West syncline, which is situated immediately north of the Mutoshi open pit. All three of the expected mineralized horizons were recognized across two section lines and several well mineralized copper plus cobalt intervals of over 20 metres in thickness were reported.
A similar drilling program will start next month at the Nioka mining permit, on the southern margin of the Kolwezi Klippe.
Kinsevere Project (Lubumbashi Region)
Preparations for the drilling campaign at Kinsevere are well advanced for the new field season and drilling is expected to start during the second quarter. Over 7,000 metres of drilling are planned for the three deposits, Tshifufia Central, Tshifufiamashi and Kinsevere. Drilling at the Nambulwa deposit is expected to start in the third quarter of 2006.
The Sustainability report will take some time to go through in detail, but at first skim, it looks pretty comprehensive and the "green" ores look teriffic.
Well done Bill & team.
All the best
KKR
AVM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
