Ongombo Project
- Agreement to acquire a 70% interest in two projects covering 202sq km of the highly prospective Matchless Copper Belt
- Located just 20km from the Otjihase mine in the same stratigraphic package
- Ongombo – 132 historic drill holes on three ore shoots delineated the following JORC-Compliant Mineral Resource:
- The results of an independent Scoping Study completed by Coffey Mining in 2013 support the viability of an underground mining operation at Ongombo (projected IRR ranging from 24% to 39% at 2013 copper prices)
- Four targets areas have been identified with potential to extend the resource
