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:

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  • 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

Plan showing Cu grade distribution + exploration targets at Ongombo
Plan showing Cu grade distribution + exploration targets at Ongombo