London-listed Unicorn Mineral Resources, a mineral exploration and development company based in Ireland and exploring for zinc, lead, copper and silver, announced that the board has unanimously supported a proposal by executive director Jason Brewer to expand the company's focus to include advanced and near-term zinc, lead, copper and silver projects in East and Southern Africa.
At the time of Brewer's appointment in December 2023, it was noted that he brought considerable experience and contacts across the mining industry in general and in Africa in particular, thus providing the company with access to new opportunities to expand and enhance its portfolio of mineral rights and licences.
Further to Unicorn continuing exploration plans and activities at its wholly owned Kilmallock and Lisheen projects in the Irish Midlands Orefield, its executive management team has been conducting initial technical and legal due diligence review work on a select number of what it considers to be high-value base metal exploration and development projects in East and Southern Africa.
The board says targeted investments in these, or similar, mine development and production opportunities, which are considered to demonstrate an ability to be advanced through to production in a relatively short timeframe, could be capable of significant enhancements to shareholder value.
“I am excited about what this expanded focus on new project opportunities in Africa will bring to Unicorn and its shareholders.
“The style of base metal mineralisation that we have been exploring for in our various Irish projects has strong analogies to that found in many high-grade copper, lead and zinc projects located in East and Southern Africa.
“And with that in mind, I believe we have the necessary experience to both properly review and assess such projects and with the experience of our Africa-based executive director, Jason Brewer, be able to successfully advance them towards production and bring value into the company and to our shareholders,” says chairperson Patrick Doherty.