Two paragraphs below in green from the November 28, 2023 news release regarding the Kitoko discovery in Western Forelands in relation to the WF drilling locations in the September 2024 Update slide 27.
'The newly discovered high-grade mineralization at Kitoko is associated with siltstone and inter-banded gritty layers of sandstone, formed in periods of relatively low sediment input into the basin, within a large package of Grand Conglomerate diamictite. The siltstones contain early pyrite that reacted with ore fluids to deposit copper. Multiple packages, or layers, of pyritic siltstones, have been identified and are exploration targets when they occur in prospective basin locations.
The Kitoko discovery is hosted in the Grand Conglomerate overlaying the Kibaran basement directly, whereas the Kakula, Kamoa, Makoko and Kiala deposits occur where the Grand Conglomerate is underlain by Mwasha sandstones. This highlights the potential for copper mineralization across a variety of underlying aquifer conditions and therefore increases the proportion of the Western Foreland that is prospective for high-grade mineralization.'
And so from slide 27 we see the new (i.e. post-Kitoko geology understanding) drill site names Kamili, Lubudi, Lupemba, Sakanama and Sumbu which would all seem to be post-Kitoko exploration sites. It will be interesting to see what Ivanhoe geologists have discovered in these locations. Was the Kitoko geology a one off?
Again, in the last earnings call there was management comment of 2 new mines in Western Forelands. Will there be an increase on 2? With consistently higher Cu prices needed to support new mine development, where are we headed? Well, how much higher?
Also, repeating the point made by Topadvisor many months ago now - the new exploration areas in NW Angola potentially contains similar geology to the Western Forelands and thus the chance of further stratiform Cu deposits. Similarly, will this be the case for the newly announced Zambia exploration?
I have not even mentioned the Mokopane Feeder exploration. That is too much for one day.