Should see a steady flow of news over the next few weeks now.
1/ Commencement of drilling campaign, most likely this coming week.
"Due diligence drilling is expected to commence in early April 2018."
"The Company has contracted Equity Drilling Limited to conduct short due diligence drilling programmes at Mwilu and Kamilombe. Drilling is expected to commence in early April once the drill rig has been released by customs in Lubumbashi, DRC. Four drill holes will twin selected holes drilled by previous owners, KCC and Gecamines at Kamilombe to confirm grade, widths and stratigraphy announced 1 March 2018."
Significant intercepts at Kamilombe included: o 26.5m@ 2% Co and 1% Cu from 78.1m
&32.2m @ 3% Co and 0.5% Cu from 209.6m;
o 33.6m @ 2% Co from 77.93m;
o 46.8m @ 2% Co from 7m.1.
Very wise move by management to kick off the drilling to twin the previous high grade historical drill holes. Not only will this give us investors confidence that the Company does indeed have tenements with high grade Cobalt over significant widths, but TAR also has to come up with a JORC compliant resource that satisfies the ASX rules etc. Those historical grades and widths close to surface are seriously impressive and confirmation of those grades could easily see TAR MC double or triple in value in coming weeks IMO!
2/ Expect the Company to give regular update of NITON readings of the drill cores before sending them to the labs for details analysis of Cobalt and Copper grades and widths etc.
"All samples collected from future drilling and soil sampling programmes will first be analysed using the Niton which is expected to speed up exploration activities."
3/Update on Due Diligence – Madini Licences and PR12423
"The ongoing due diligence on the Madini licences and PR12423 is progressing well with a decision to continue expected within coming weeks."
4/ Potential update on small scale close to surface Artisanal high grade Cobalt mining.
"A minimum of 4 diamond holes will be drilled as a priority to establish the true thickness and grade of near surface cobalt mineralisation."
"The Company, accompanied by Mr Rhett Brans, recently conducted a site visit to evaluate the potential for an early small scale mining operation at Mwilu where artisanal miners are recovering high grade cobalt from surface.
Indications are that potentially mineralised R2 Mines Series lithologies are exposed at surface over a strike length of at least 3km with widths estimated at between 5 and 10 metres."
"The Company is in discussions with the vendors of Mwilu for possible early stage production at shallow levels on the two projects."
Mwilu covers 3.36km2 within the Kolwezi “Klippe”
Kamilombe covers a surface area of 2.37km2
Kasonta Project is comprised of 3 tenements which cover 82.71km2
PEPM 2315 (Permis d' Exploitation de Petite Mine) covers 28.35km2
PR 12423 is a cobalt project, the tenement covers 5.04km2
(20min delay)