Close

Kaboko Mining’s operations at its flagship Zambian Mansa manganese project could increase substantially thanks to a 51% acquisitions of an adjacent prospecting licence.

Mansa already has 6000 t of stockpiled material ready for its plant. The fixed crushing component of the processing plant has arrived at port and will be taken to site to process high grade manganese stockpile prior to delivery under the off-take sale agreement with the Noble Group.

Initial testing of the manganese stockpile undertaken by independent laboratories, in preparation for commercial settlement of Kaboko’s off-take sale agreement with the Noble group have returned results of 50% plus manganese from grab samples in line with expectations.

Kaboko is pleased at the conclusion of an agreement with Hon. Mwansa, the Zambian government’s deputy committee minister to acquire a 51% interest in large prospecting license (13030-HQ-LPL) in northern Zambia, with an option to increase its interest in this licence to 75%. This large-scale exploration license, covering 525.9 km², is adjacent to the current Northern Zambian Mansa operation and potentially expands mining operations underway at this site.

Given infrastructure established and planned at Northern Zambian Mansa project, such as roads, processing plant, camp etc, the development of this new licence could be done in a very efficient manner, given it would largely be utilising the infrastructure at the project.

The company is confident the addition of this licence to its portfolio will have a significant increase to its high grade manganese resources in Zambia, given there are indications of a similar geological structure to that at Northern Zambian Mansa project on the new licence.

Commenting on the acquisition of the initial 51% interest in this new exploration license, Kaboko Mining CEO, Tokkas Van Heerden, says, “Key to developing this region is the establishment of an affordable logistical solution in the region, the addition of this new licence area will greatly assist in this.”

“The initial indications are that some high grade outcrops exist on this new licence area and together with our existing mining operations, we believe the combined mineralisation may potentially expand existing mining operations, potential resource size and be suitable to supply high grade manganese under Kaboko’s existing off-take agreement with the Noble group”.

Initial work on this new licence, which has been granted for two years, will be to evaluate key surface outcrop area’s that may potentially expand current production activities at the Northern Zambian Mansa project.

Initial mapping of new licence to commence immediately followed by 1 000 m of trenching and exploration drilling of 10 exploration holes planned this quarter.

Additional Reading?

Request Free Copy