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Never known them to give a price per tonne
Only question that remains is can they dig it up and load it for shipping in enough volume and at the right price ?
Thanks Blue
Travelling today so I can’t buy ….. however nice to see the SP on the up again …
Kropz PLC Update Mineral Resource Estimate - Elandsfontein
20/06/2024 7:52am
RNS Regulatory News
RNS Number : 2029T
Kropz PLC
20 June 2024
20 June 2024
Kropz Plc
("Kropz" or the "Company")
Update of Mineral Resource Estimate for Elandsfontein
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, is pleased to announce an update to the JORC (2012) compliant Mineral Resource Estimate ("MRE") at its South African phosphate project, Elandsfontein Phosphate Project ("Elandsfontein").
The significant write-down in declared Ore Reserves from 2018 to 2022 has been partially reversed in the 2023 Ore Reserve estimate, largely due to the additional infill drilling which was completed in 2023.
It is expected that the future drilling campaigns will continue to improve the Mineral Resource estimates from Inferred to Measured or Indicated categories and will enable improved conversion of the Mineral Resources to Reserves.
While both the declared Reserve tonnes and grade have increased, the grade and tonnage estimate of the Resource has decreased. This aligns to the improved confidence in the grade estimation of the deposit and reflects the declining grade of the deposit over its life.
Summary
· The 2023 Reserve estimate was positively affected by the completed infill and exploration drilling, which significantly improved the total declared Measured and Indicated Mineral Resources. The Ore Reserves are stated at 30 September 2023, and account for the pit depletions up until the end of September 2023;
· Total Measured and Indicated resource tonnage has increased by approximately 72%, while the Total resource tonnage has reduced by 30%;
· Decrease in total phosphate resources at Elandsfontein to 74.23 million tonnes ("Mt") from 106.58 million tonnes in 2022;
· Total Reserves are estimated at 26.63 Mt at a P2O5 grade of 9.38% of which 16.56 Mt is Proven at 10.25% P2O5, This compares to previous estimate at 17.42 Mt at 9.19% P2O5.
Louis Loubser, Chief Executive Officer commented:
"Our planned infill drilling campaign has proved worthwhile. Although the changes in our Resource estimate have been substantive, our ability to accurately predict the spatial position and grade of the ore body has improved greatly. This has led to further accuracy and prediction improvements which are reflected in an encouraging increase in our mineable ore Reserves."
Agreed they are not making money yet,and arc have them by balls,but they have 35 years of mining life and hinda and the plant cost 150 mill and 45 mill spent on hinda ,i think the 1.2 p i paid is worth the risk.now i have free shares and can afford for it to go belly up,but it wont .like the ceo said phosphate is the only substance in the world that cant be replicated.so i,ll take my chances,i just worry about further financìng for hinda
Yes agreed, but I'm sure the IPO was to fund the projects right? There is no free money these days. Fund raising for loss making companies is near impossible on AIM without losing half your equity!
Arc is the concert party here,they have been paying the bills
Yes but where is the funding coming from? We need a successful flagship project first. Walk before you run etc... GLA
80,000 tonnes at over 100 dollars a ton,mine life of 35 years,hinda to be developed,hold for gold is the correct stance here.
An ipo of 40p,i know of all the troubles with this company,water works,untrained staff and faulty machinery.but hinda alone is worth 2p.i believe a new centra fugal system has been installed.
The printed trades add up to very little and shouldn’t really get anybody over excited. Especially Janet who might keel over if we ever release good news. Elandsfontein has cost around £150m and we’re valued around £15m so with a 10% free float this could literally go mental if they are successful with their goals. Do they need more money though or have they actually pulled their pants up and hit a target? Recent history points to a negative outcome. I’m happy to sit on my hands and hold for gold. GLA
More buys coming in now
Flogit123 also have a look at INHC next bagger in the making .....KRPZ UP 78 Percent ....good day so far and both primed to breakout
10 Times more buying going on than selling today and good volume still have 2 hours of trading could see 100-200 percent finish
Not too sure what’s going on here today - plenty of tiny trades but the bid is up to 2P. At least last weeks short term inter-day rise had some reasonable buys…
I’m not adding but also not selling at these prices… gla and let’s see what happens at the close….
· An updated Mineral Resource Estimate ("MRE") is underway and the results of the updated MRE are expected during the second quarter of 2024. Read RNS IN March .......this should take up past 5.00+
NUMBER 2 ON THE LEADERBOARD RISERS .....BUYS OUTSTRIPPING SELLS MASSIVELY
Very strong should break out this afternoon
Only a matter of time before this blows big time. Ramping up to full production soon of almost 400,000 tons.
How many millions does that translate into? With an original IPO of 40p and a free float of 10% , and a mine life of 35yrs, there seems to be a major SP disconnect here. Fill your boots now at these low prices before this moves seriously north.
Next RNS should blow the cap off this SP! Buy...Buy....Buy.
Sold in the quarter according to arc,and trials for new phosphate,so thats 320k tonnes a year.and a mine life of 35 years with 10% free float,i love this share,its a pity no rns here stating that.
20 mins after i sold,can buy cheaper than i sold,back to tumbleweed i suppose
Sold my original stake and now own 50,000 free shares,for 35 years of mining,a good deal i think,mind you i was in here for months at a very low price.when not even one trade,worst than tumbleweed.and if they raise for hinda it wont cost me anything.a nice bit of passive income deal for me and it cost me nothing
Should blow this up to where it should be
I’ve seen a lot of positives on some linked in posts from employees
Wow