Deep South Resources

Discussion in 'Penny Stocks' started by rickydi, Mar 14, 2021.

  1. rickydi

    rickydi Senior Investor

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    Next update will be about the Power Play in Zambia

    Sampling results exploration programs, more licences acquisition


    .
     
  2. rickydi

    rickydi Senior Investor

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  3. rickydi

    rickydi Senior Investor

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    Deep South Resources (DSM) Due Diligence

    Conclusion
    This would see a significant re-rate and factoring in likely dilution and capital raises would see a share price somewhere between $1-$2. If they managed to subsequently acquire finance for the project then $2-$3 would be likely.

     
  4. rickydi

    rickydi Senior Investor

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  5. rickydi

    rickydi Senior Investor

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    NAMIBIA DEFENSE ON JUNE 15, 2022

    https://www.prnewswire.com/news-rel...amibia-defense-on-june-15-2022-301568827.html


    2022-06-15 12:41 ET - News Release

    VANCOUVER, BC, June 15, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that the legal counsels of the Company have filed the Company's response to the defense affidavit of the Ministry of Mines and Energy of Namibia ("Ministry") on June 15, 2022.


    Due to the sudden death of Mr. John Akwenye, who was the named signatory of all the Company's affidavits, the Company had requested an extension to file the response affidavit by June 15, 2022.

    The Case Management hearing will be held on June 23, 2022.

    The Case Management hearing serves to prepare the final hearing. Several aspects can be discussed at the Case Management hearing such as settlement prospects, number of days required for the final hearing, any issues that are likely to facilitate a just and speedy disposal of the case.
     
  6. rickydi

    rickydi Senior Investor

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  7. rickydi

    rickydi Senior Investor

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    Deep South Resources (DSM.V) Due Diligence

    · Market Cap: ~$7.5m

    · Shares Issued: 146m

    · Share Price: 0.05

    · Cash in Bank: ~1.9m

    If they do win then it is reasonable to expect that the share price will return to pre July 2021 prices of ~25c. For me this represents a very attractive risk vs reward proposition.

    Assuming they are successful in their legal challenge then DSM may end up selling Haib to a company knowing well the property and having done a complete DD.
     
  8. rickydi

    rickydi Senior Investor

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    Zambia:

    Deep-South holds the option to acquire up to 80% of the Large scale Exploration Licences LEL 23246, LEL 23247 and LEL 23248 held by WCMV in Zambia.

    A NI 43-101 technical qualifying report is currently under review

    by the TSX-V


    The projects are located near copper / cobalt high-grade producing mines and are on the copper belt mines in both Zambia and the Democratic Republic of Congo (the “DRC”).


    WHERE IS THE BEST PLACE TO FIND A MINE…IT’S NEAR A MINE


    NAMIBIA:

    The case management hearing, for EPL 3140, will be held on June 23, 2022.

    The case management hearing serves to prepare the final hearing. Several aspects can be discussed at the case management hearing, such as settlement prospects, the number of days required for the final hearing, and any issues that are likely to facilitate a just and speedy disposal of the case.

    WE EXPECT DSM TO REGAIN EPL 3140 HAIB COPPER PROJECT

    POTENTIAL: After regaining Haib, it maybe sold to a 3rd party that was looking at it prior that rumble. Money will be use in Zambia.
     
  9. rickydi

    rickydi Senior Investor

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  10. rickydi

    rickydi Senior Investor

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    THE BEST PLACE TO FIND A MINE IS NEAR A MINE

    tsx.v dsm otcqb: dsmtf

    PROJECTS IN ZAMBIA NEAR DEEP SOUTH RESOURCES

    LARGE TARGETS UNDER 6KM COPPER STRIKE AT LUANSHYA

    Castillo Copper Limited (“CCZ”) is pleased to announce that multiple targets for test-drilling have been identified at the Luanshya Project in Zambia’s copper-belt, following the completion of eight IP survey lines.

    PROSPECTIVE COPPER REGION

    The Luanshya Project is located in Zambia’s traditional copper-belt, a globally known region that houses numerous copper deposits and operating mines. Moreover, the Luanshya Project is located ~6-10km south of China Nonferrous Mining Corp’s (CNMC) three operating mines, with combined JORC (2012) compliant Proven & Probable Reserves of 52.3mt @ 1.26% Cu (3). Of significance, the Luanshya Project is on the same NW-SE trendline, which is ~5-10km wide, that hosts two of CNMC’s operating copper mines (3)

    How many mines are in Chililabombwe nearby DEEP SOUTH RESOURCES?

    Chililabombwe has 16 mines.


    The primary producing mine is Konkola Copper Mines. Konkola Copper Mine is one of Africa's largest copper producers, owned by Vedanta Resources Limited. Prior to privatization efforts in 2000, the mine was owned by ZCCM, a Zambian copper mining conglomerate.


    The Konkola resources / reserves are estimated @ 508MT @2.20% Cu and those of the next door neigbour, Lubambe, are estimated to 343MT @ 3.20% Cu.

    The annual production rate of both copper mines is 136,000MT

    https://www.lusakatimes.com/2008/02/20/new-copper-deposits-found/

    New copper deposits have been discovered in Masaiti and Mpongwe on the copperbelt.

    Copperbelt Province Permanent Secretary, Jennifer Musonda disclosed this in Ndola.

    Mrs. Musonda said there are currently increasing explorations and mineral surveys in all the towns in the province.

    She said this when Science and Technology Permanent Secretary, Bullet Nsemukila who is on a tour of learning institutions under his ministry, called on her.

    Mrs. Musonda said the economy on the copperbelt looks set for growth following enhanced diversification programmes.

    https://www.deepsouthresources.com/investors/news-releases/deep-south-to-acquire-up-to-80-of-three-copper-exploration-licences-in-the-heart-of-the-zambia-copper-belt/
     

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