Munkoyo4 Nov 2025 06:53
A resource drilling program is continuing which targets to upgrade the resource confidence and optimise open-pit design with the second phase of drilling expected to be completed by the end of Q3FY2026.
§ Phase 2 of the drilling program is specifically targeted towards upscaling of pthe detailed mine plan for pit 2 at Munkoyo while expanding the drilling program to include further resource definition for the future Pit 3 to Pit 9 expansions.
§ It is envisaged that the satellite pits will, in-time, be integrated into a large open pit based on early drilling results indicating the potential of a continuous copper mineralisation.
§ The Company has increased its foothold in the region surrounding Munkoyo by securing additional exploration permits.
§ The Company continues its joint venture discussions with potential partners to undertake, on its behalf, the resource review and mine planning for the wider Molefe district inclusive of the secured additional permits, allowing the Company to focus on the implementation and expansion of the processing solution. The Company has an internal target date of end-October to finalise these discussions.