VEC have secured a World Class Gold Project , its a shame that...

VEC have secured a World Class Gold Project , its a shame that can not be the focus of this thread ! This should give new investors a quick overview of what VEC has to offer  !

Rehashed overview for potential new investors , I've added the latest news Articles to give some type of understanding of the current political climate. If President Tshisekedi can deliver on his promises , the DRC should really start to stabilise and the people of the DRC just may start to be rewarded from the enormous mineral wealth they are sitting on

DRC's new leader completes 1st peaceful transfer of power
https://www.news24.com/Africa/News/drcs-new-leader-completes-1st-peaceful-transfer-of-power-20190125
DR Congo rebels surrender in welcome for new President Tshisekedi
https://www.nation.co.ke/news/afric...nt-Tshisekedi/1066-4952816-11dm0ul/index.html
DRC's new president puts focus on  Human Rights on first day in office
https://www.news24.com/Africa/News/...-rights-on-first-day-in-office-20190126UPDATE: DRC's new leader vows to combat corruption
https://www.news24.com/Africa/News/update-drcs-new-leader-vows-to-combat-corruption-20190124

WHY ADIDI-KANGA

Guy Robert Lukama (VEC's JV partner on Adidi-Kanga Gold project)
Managing Director chez Mongbwalu Gold Mine ( Executive Director Fimosa Capital ) VEC's JV partner on Adidi-Kanga Gold project
1: Between 2005 and 2013, AngloGold Ashanti spent US$500mill++ on Adidi-Kanga

2: Guy Robert ( VEC JV Partner Fimosa ) was Managing Director of ( AngloGold Astani DRC ) 2006 to 2014

3: Guy Robert ( VEC JV Partner Fimosa ) was Executive Director of ( AngloGold Astani DRC ) 2014 to 2015

Anyone else seeing the big picture here , the big boss of AngloGold Astani DRC ( Now VEC's JV Partner ) was in change while all the coin US$500mill++ was spent on Adidi-Kanga . He had full access to everything , he would know everything about Adidi-Kanga and what lays beneath the ground !
https://hotcopper.com.au/posts/37122129/single

Exploration Resource Upgrade Potential
The Drilling Core Sheds on-site at Adidi-Kanga , what we know is not all of the core samples were used in the original SAMEREC and now 3.2mill0z JORC.

Significant exploration and development activities at the Project, which included 173,276m of drilling on a 25m x 50m spacing and up to a 200m x 200m spacing across the broader license area and including 432 RC holes for 52,994m and 572 diamond holes for 119,278m.



AGM notes: Q/A
Q: Between 2005 and 3013 AngloGold Ashanti completed 173,276m of diamond and RC drilling. I noticed that Anglo's drilling was very wide spaced and IMO this has left room for a potential (and considerable) Exploration Resource upgrade. If I am correct, would this be something shareholders could see near term after the Due Diligence has been finalised?

A: However in other parts of the license and still very close to this area there is drilling on a 100m and 200m still spacing and in areas which are not included in the current 3.2Moz JORC 2012 indicated and inferred resource.
https://hotcopper.com.au/posts/36716339/single
https://hotcopper.com.au/posts/37160277/single

I am of the personal opinion that VEC ( Adidi-Kanga ) will get at some point a significant ( Exploration Upgrade ) with most importantly a massive amount of data to back it up , all collected between 2005 and present date. All when US$500mill++ was spent on-site !

Why did VEC get Adidi-Kanga so cheap ,2012 the writing was on the wall , Anglo needed to consolidate fast ! (The most commonly asked questions , and least researched )
https://hotcopper.com.au/posts/37096223/single

AngloGold Ashanti committed 2.5Billion to the development of the kibali Gold Project DRC , now Africas largest gold mine. 20Milloz Resource ( about a 26Billion in ground resource )
http://www.miningweekly.com/article...hab-suspends-mongbwalu-2013-05-13/rep_id:3650


Adidi-Kanga Gold Project

The below is a quick look list at Adidi-Kanga
:Verification process has resulted in an upgrade in the Mineral Resource Estimate to 15.0Mt @ 6.6g/t Au for 3.2Moz of contained gold, reported in line with JORC 2012 guidelines
https://hotcopper.com.au/posts/30816853/single
: 173,276m of diamond and RC drilling
: Completed a Feasibility Study for the development
: Commenced initial mine construction activities
: Equipment on-site purchased at an estimated cost of US$70m
: Estimated 115 sea containers full of equipment
: Existing indicated / inferred mineral resource of 11.9Mt at 7.65g/t gold for 2.9 million ounces, quoted under the SAMREC code
: 3 year debt facility of US$20m to part fund acquisition costs and additional exploration and Feasibility Study costs
: Already permitted for development
: US$35m committed offer of funding from Dubai-based FT (Fast Telecom) General Trading LLC (FT General)
https://hotcopper.com.au/posts/36152211/single
https://hotcopper.com.au/posts/35662316/single
: Environmental and Social Impact Assessments completed
: Financial guarantees in place with the appropriate regulatory and administrative bodies in the DRC.
HOA on World-Class Multi-Million Ounce Adidi-Kanga Gold Mine
https://hotcopper.com.au/posts/29822282/single

Vector Completes Acquisition of Adidi-Kanga Gold Project
https://hotcopper.com.au/posts/37091659/single

Vector to Seek Shareholder Approval to Issue Vendor Shares
https://hotcopper.com.au/posts/37134955/single

Cleansing Prospectus
https://hotcopper.com.au/posts/37213949/single

Appendix 3B
https://hotcopper.com.au/posts/37228095/single

The MGI Consideration Shares issued to MGI (or any of its associates) will be escrowed for a period of 12 months from issue date.
https://hotcopper.com.au/posts/37215619/single
Notice of Annual General Meeting/Proxy Form
https://hotcopper.com.au/posts/36313249/single
RESULTS OF GENERAL MEETING OF SHAREHOLDERS
https://hotcopper.com.au/posts/35751266/single
VEC Director Jason Brewer Escrow Response
https://hotcopper.com.au/posts/37243123/single



Other Gold Projects that are subject to Due Diligence and on going Exploration , JORC 2012 and SAMEREC Code Leases
For what its worth , I believe all the other projects mentioned Below will be discarded at some point , Adidi-Kanga is just way to big , 100% focus most now be applied to this project only !

MANIEMA GOLD PROJECT
The Licenses contain five main prospects; Kabotshome, Mbutu, Mitunda, Mbala and Tubambo
The Project comprises seven granted exploitation licences: PR4792, PR4801, PR4803, PR4804, PR4805, PR4806 and PR4812 and which cover an area of over 500km2
Maiden Gold Resource at Maniema Gold Project
https://hotcopper.com.au/posts/21936713/single
The Kibali South Gold Project
Existing inferred mineral resource of 28.1Mt at 1.63g/t gold for 1.47Mozs, quoted under the SAMREC code
The Nizi Gold Project
Nizi Gold Project comprises several identified gold prospects including the Baluma Gold Oxide Project and King Leopold Gold Mine
Historical production of up to 1.45Mozs of gold reported to have been produced from the King Leopold Gold Mine during the 1900’s at grades reported to be approximately 30g/t
King Leopold Gold Mine
Historical records of production from the area are considered unreliable, however the existence of approx. 1.5Mt of gold tailings on the licenses, the Tarada Tailings
https://hotcopper.com.au/posts/33719977/single


Hopefully Brewer and his VEC team will be making quite a impact at the Investing In Africa Mining Indaba 2019 Conference




https://www.miningindaba.com/ehome/index.php?eventid=283869&
https://www.miningindaba.com/ehome/283869/Investment-Battlefield/