Anglo American want it14 Jul 2020 12:21
The current ZamCo licenses encompass 9 of 30 exploration targets that were ranked in the late-90’s by the JV over the Kabompo Project, which include the top seven ranked targets. First Quantum Minerals’ Kalumbila property, better known as the Trident Project, developed to become the Sentinel copper mine and is forecast to produce approximately 220,000 tonnes of copper in 2018. Its Enterprise Nickel project, is, like Kalaba, also located at the flanks of the Kabompo dome and approximately 40 km to the east of ZamCo’s licenses.
At the time of the JV, Kalumbila was originally ranked number 22 out of JV’s top 30 Kabompo Project targets with an original exploration target size of six million tonnes of ore; eventually a copper Resource in excess of 1 billion tonnes of ore (one of the largest in Zambia) was demonstrated - during this same period the initial Anglo-American exploration target for Kalaba exploration target was 150 million tonnes of ore.
Arc firmly believes that the Kalaba Project and along with the exploration targets in the ZamCo Licenses offer significant potential for proving a major tier-one copper-cobalt discovery.