Another buying opportunity has presented itself to accumulate more NZC. One of the best cobalt plays on the ASX and one that has had little media attention.
This article from Japan really caught my attention last night and demonstrates that cobalt will continue its price increase in 2018
asia.nikkei.com...one-left-to-buy?n_cid=NARA...
Highlights
---------------
• Positive Feasibility Study: Kalongwe Stage 1
• Potential for major value uplift: Kalongwe Stage 2
• Regional exploration campaign ongoing
Kalongwe Stage 1: a robust, low-cost oxide copper-cobalt the project outlined by recent Feasibility Study:
? US$116M NPV10% and 71% IRR (pre-tax)
? Annual production: 19,360t Cu, 1,507t Co at US$1.35/lb
? 7-year mine life: Ore Reserve 6.98Mt at 3.03% Cu, 0.36% Co
? US$53.12M CAPEX and 21-month payback
? Fully-permitted with 12-month timeline to production post funding
and Board approval
Kalongwe Stage 2: opportunity to deliver a significant
further uplift in value and mine life through SX-EW
processing – work underway
Why Focus on the Katangan Copperbelt?
The Copperbelt is one of the world’s greatest metallogenic provinces.
Produced more than 20% of world supply of copper in 2014.
DRC “Top 10” producer of copper. World class Cu mines being developed.
High-grade sediment hosted copper deposits – average of 2.50 – 5.00% Cu.
Vastly under-explored, high discovery potential of world class mineral deposits.
“…The Central African Copperbelt (Katanga Basin) is the largest and most prolifically mineralized sediment-hosted copper province known on earth and hosts many of the world’s highest grade Cu/Co deposits…”
Nzuri Key Strengths
Quality asset: robust high-grade copper-oxide, open-pitable resource.
Near term production.
Funding: arrangements in-place to completion of Definitive Feasibility Study (Tembo Capital).
Stakeholders: supportive JV Partners and shareholders (Tembo, Traxys, GICC, Sprott, Ivanhoe Mines).
Ownership: direct 85% interest in the Kalongwe Cu-Co Project.
Metallurgy: ore deposit suited to be processed by HMS, a proven and effective technology.
Development: for low CAPEX / OPEX early start-up mining operation.
Exploration: upside within Kalongwe Project Area and the new Fold and Thrust JV Area.
Management: with in-country experience and track record in DRC.
JORC Deposit
--------------------
6.98Mt at 3.03% Cu, 0.36% Co
Corporate Snapshot
------------------------------
Cash $11.98M
Issued Shares 230.3M
Options 9.6M
Debt Nil
This article from Japan really caught my attention last night and demonstrates that cobalt will continue its price increase in 2018
asia.nikkei.com...one-left-to-buy?n_cid=NARA...
Highlights
---------------
• Positive Feasibility Study: Kalongwe Stage 1
• Potential for major value uplift: Kalongwe Stage 2
• Regional exploration campaign ongoing
Kalongwe Stage 1: a robust, low-cost oxide copper-cobalt the project outlined by recent Feasibility Study:
? US$116M NPV10% and 71% IRR (pre-tax)
? Annual production: 19,360t Cu, 1,507t Co at US$1.35/lb
? 7-year mine life: Ore Reserve 6.98Mt at 3.03% Cu, 0.36% Co
? US$53.12M CAPEX and 21-month payback
? Fully-permitted with 12-month timeline to production post funding
and Board approval
Kalongwe Stage 2: opportunity to deliver a significant
further uplift in value and mine life through SX-EW
processing – work underway
Why Focus on the Katangan Copperbelt?
The Copperbelt is one of the world’s greatest metallogenic provinces.
Produced more than 20% of world supply of copper in 2014.
DRC “Top 10” producer of copper. World class Cu mines being developed.
High-grade sediment hosted copper deposits – average of 2.50 – 5.00% Cu.
Vastly under-explored, high discovery potential of world class mineral deposits.
“…The Central African Copperbelt (Katanga Basin) is the largest and most prolifically mineralized sediment-hosted copper province known on earth and hosts many of the world’s highest grade Cu/Co deposits…”
Nzuri Key Strengths
Quality asset: robust high-grade copper-oxide, open-pitable resource.
Near term production.
Funding: arrangements in-place to completion of Definitive Feasibility Study (Tembo Capital).
Stakeholders: supportive JV Partners and shareholders (Tembo, Traxys, GICC, Sprott, Ivanhoe Mines).
Ownership: direct 85% interest in the Kalongwe Cu-Co Project.
Metallurgy: ore deposit suited to be processed by HMS, a proven and effective technology.
Development: for low CAPEX / OPEX early start-up mining operation.
Exploration: upside within Kalongwe Project Area and the new Fold and Thrust JV Area.
Management: with in-country experience and track record in DRC.
JORC Deposit
--------------------
6.98Mt at 3.03% Cu, 0.36% Co
Corporate Snapshot
------------------------------
Cash $11.98M
Issued Shares 230.3M
Options 9.6M
Debt Nil