ASX-listed manganese company Kaboko Mining has advised that its initial scoping study on the northern Zambian manganese project at Mansa has been completed.
The company engaged Minxcon, an independent consultant, to prepare a scoping study on the Mansa project which includes an indicative high grade manganese resource estimate and mine plan for operations based on an initial seven-year mine plan.
Kaboko noted that the completion of the mine plan is critical to the operating programme and pit design and enables the company to maximise efficiency and productivity at the Mansa project, while the company said that the completion of the scoping study is key to commencement of operations.
The Zambia-focused mining company revealed that the scoping study confirms that the budgeted costs for production and logistics at the Mansa project are in line with the company’s expectations, with the cost of delivering a CIF product being approximately $190 to 210 per ton from the project.
Kaboko highlighted that given the recent lift in manganese prices and the high grade nature of the project, this is a timely positive for the company as it moves into production over the coming weeks.
The scoping study provide the foundations for a Joint Ore Reserve Committee (JORC) compliance resource statement at the Mansa project which will be completed following a further exploration programme to drill approximately 24 holes (1 200 m) targeting extension of existing mineralisation zone this quarter, Kaboko said in a statement.
The Mansa project license area covers approximately 90 Km2 and the scoping study focused on the known mineralisation area which represents less than 2% of the total Mansa project area, emphasising the significant exploration potential of the project.
The company said it aims to confirm the indicative high grade manganese resource identified in the scoping study as well as increasing the potential resource to establish a JORC compliant resource for the Mansa project.
Further, Kaboko asserted that it considers the Mansa project to have significant exploration upside and intends to continue exploration and resource definition activities in conjunction with continuing the operational activities currently underway to achieve first production during the current quarter.