Zambia: Lunga Project

The Company’s wholly owned Zambian subsidiary, the Lunga Basin Project, holds an exploration permit covering an area of 292 km2, located in the Lunga basin, which is highly prospective for copper and lies in close proximity to the Chifumpa mine that has a historical mineral estimate (non-JORC Code (2012) compliant) with a grade of over 4% copper.

The Company acquired the project in 2020 through the acquisition of Armada Minerals Limited. The planned work programme includes airborne and ground geophysics, infill soil sampling and 3,000m of RC drilling to test priority target areas where geochemical anomalies have been identified.

Overview

  • Located in Northwest Province of Zambia the project consists of 292 km2 exploration permit area
  • 100% owned
  • Acquired in September 2020 through acquisition of Armada Minerals Limited
  • Adjacent to Chifumpa Mine with (non-JORC) historical grades of >4% reported
  • 200 km from Zambian Copper Belt
  • Target for open-pit shallow copper oxide mineralisation
  • 3,000m of RC drilling planned

Exploration

Work to date:

  • Soil sampling programme completed in September 2020
  • Robust copper anomalies (200-500ppm) demonstrated, with coincident Pb and Zn
  • Lower Roan units mapped

Follow-up work includes:

  • Airborne and ground geophysics
  • Infill soil sampling
  • 3,000m of RC drilling to test priority geology/anomalies