Overview
With exploration and development projects across the DRC and Zambia, Central Copper holds licences and permits to potential high-grade, large-resource projects that have the potential to be some of the best copper projects in the world.
DRC – Mbamba Kilenda Project
Project status: Near-term development
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Historical expenditure of +$19m has established high grade JORC Resource of 11.8Mt Cu at 3.13% (on <5 km of continuous 85 km strike)
- Lowest quartile cash cost of $1.11/lb, NPV +$350m and IRR +50% (at $3.11/lb Cu price)
- 25,000m drilling planned for PFS study and resource expansion and upgrade
- District scale opportunities
- Targeting first production in 2022
DRC – Titan Project
Project status: Exploration
- Licence area adjacent to Ivanhoe Mines’ Kamoa-Kakula mine (2nd largest copper mine globally at 800kT p.a.), which is situated on strike to Titan
- 20% Interest (15.6% net) of 231 km2 permit area
- $3.5m spent identifying 18 high priority targets
- 8,000m drilling across 10 holes planned for H2 2021
Zambia – Lunga Project
Project status: Advanced exploration
- 100% Interest in 292 km2 licence area, situated along strike from producing Chifumpa mine
- 2020 soil sampling identified significant Cu anomalies
- 4 target areas identified including 2 drill ready
- 3,000m drill programme in H2 2021