Zambian Copper and Cobalt Mine
Copper price is the highest in 10 years. surpassing $10,700 per ton as of May 11th 2011.

Copper prices have soared due to soaring demand for electric vehicles.

◆ Copper price is the highest in 10 years, surpassing $10,700 per ton as of May 11th 2011.

SUS for tonne

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Fluctuating price of cobalt and lithium... "Securing raw materials for batteries" war.

Cobalt prices soar, a major battery material, in the spread of electric vehicles. The price of cobalt soared to a maximum of $80,000, but recently stabilized to around $35,000. The world’s 70% of production of 140,000 tons of cobalt is supplied by the Democratic Republic of Congo, mainly produced by Copper Belt connected to Zambia, and Zambia is also a major cobalt producer.
Engineer

Surrounding Targets

NYUNGU Copper-Cobalt

Significant mineralized copper deposite has been confirmed in NYUNGU Central
As a result of Soil anamaly analysis, additional reserves are expected to be checked at NYUNGU East.
  • NYUNGU CENTRAL

    The Nyungu deposit is confirmed by 50+ drill holes. Mineralized copper deposit with strong potential for extensions. Demonstrated strike length: 1,700m and is open to the north and south

  • NYUNGU East

    recently defined an intense copper anomaly at Nyungu East. The Nyungu East copper anomaly is higher in intensity than the Nyungu Central soil anomaly.

  • NYUNGU SOUTH

    The Nyungu South deposit sits in a location where a copper soil anomaly and an IP geophysical anomaly (i.e. a zone that may contain disseminated sulphide minerals) are coincident. The IP anomaly continues northwards from the soil anomaly over a significant area.

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Deal Proposal

Requested Amount of stock purchase from existing shareholders : 100 million US $

Shareholding Ratio for Investment: 55%

nAcquisition cost of additional shares

Up to 30% of additional shares can be acquired depending on the results of the exploration (up to 85%)

The amount of additional equity acquisition is determined by the evaluation and negotiation of an external evaluation agency (prior right to purchase)

Latest releases

LUMWANA WEST

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