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
No Data Found
- As the economic downturn caused by the spread of coronavirus infection (COVID-19) shows signs of recovery, the price report of copper is renewed
- Goldman Sachs Expects Copper Prices to Surge... LME copper futures price target of $11,000 per tonne in 2023
- Copper inventories expected to run out as demand recovers following China's reopening
- The surge in copper prices is related to demand for new eco-friendly industries such as electric vehicles and wind power, and it is difficult to develop new large-scale mines since
Fluctuating price of cobalt and lithium... "Securing raw materials for batteries" war.
Surrounding Targets
NYUNGU Copper-Cobalt
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.
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)