RE: Zambia Ranking of Deal Potential30 Jun 2025 10:25
From the results:
Additional prospectivity within the new SML includes an exploration target identified by historic drilling that has the potential to expand the underground mineral resource. Approximately 3 to 7Mt of ore was identified between depths of 100 to 300m, which returned copper grades in the region of 1% to 1.5% total Cu, the exploration target is conceptual in nature and may not be realised
ยท Much deeper potential also remains on the licence, sparse historical drilling indicates that a deeper target may be present with mineralisation potentially extending up to a depth of 1,250m
ยท The Company intends to test both deeper exploration targets. For a full summary of the updated mineral resource please refer to RNS dated 09 February 2023.
In the results they said that they were looking for a partner to start exploring Ferber and that's happened. From the statement above they state they will test both deeper exploration targets at Luansobe.
Things do change but the end of year results do suggest more testing to create a much bigger prospect at Luansobe.
It is going to be very interesting the next 3 or 4 months.