RE: $Bn Asset / £5M MCap Company!16 Jan 2026 10:03
Reminder of this monster asset…
Independent Competent Person Report commissioned by the Company has reconfirmed sizeable remaining non JORC compliant resources of 5.723Mt, containing approx. 700kt of zinc and 100kt of lead, with current in situ value of +US$2 BILLION (YES $2Bn)
- Kabwe is considered a Tier One high grade zinc deposit, that was previously a major underground mining operation that mined 14.5 Mt of ore grading 25.4% zinc and 14.7% lead and producing 1.8 Mt of zinc, 800,000t of lead, 7,816t of vanadium oxide, 2.8 Mozs of silver and 235,000kg of cadmium over the period 1906 - 1994 from seven massive orebodies
- Kabwe was previously operated by Anglo American plc for almost 50 years