This article from Japan really caught my attention last night and demonstrates that cobalt will continue its price increase in 2018
• 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 .
6.98Mt at 3.03% Cu , 0.36% Co
Issued Shares 230. 3M