https://www.engineeringnews.co.za

Central Copper targeting new zone in the DRC

6th August 2021

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

Central Copper Resources (CCR), a company focused on delivering copper assets in the Democratic Republic of Congo (DRC) and Zambia, is targeting a new copper zone in the DRC.

Central Copper CEO Kevin van Wouw tells Mining Weekly that there is a geographical feature or fault running east to west from north Angola through the DRC into Congo-Brazzaville.

CCR has 85 km of contiguous licence on the feature and it is well identified by historic exploration and artisanal production since the 1930s.

The company has drilled out 4.5 km of this strike length for its Joint Ore Reserves Committee-compliant resource of 11.8-million tonnes at 3.13% copper, adds Van Wouw.

He says CCR is expanding the resource with its work programme over the next 18 months, which involves drilling along strike to east and west, to determine the potential of doubling the resource.

Completing a prefeasibility study (PFS) on the current resource will include an infill campaign, which will improve understanding of the high grade and may improve the overall resource grade, informs Van Wouw.

He says the infill campaign could lift the overall resource grade to be more reflective of the intersects of 4% upward.

Regional work has identified 71 areas of interest, some of which are drill ready, and some of which require further regional work that will develop project two and three into the pipeline.

Project two investigated where artisanal high-grade mining occurred historically. The balance of licences have shown 71 areas of interest for further investigation.

It is also aiming to reach a decision to start mining on the first decline in the mining evaluation phase, with strong cash flows anticipated thereafter.

Van Wouw mentions that the long-term prospects for copper remain good, whereas output is on the decline. Demand is being driven by electric cars and other decarbonisation efforts.

This renewed interest in copper should enable CCR to secure funding for its high-grade potential project opportunities.

“Our significant resource opportunities will transform the company into a multi-project development and operating company, where each project brought forward is best of class,” acclaims Van Wouw.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.062 1.007s - 140pq - 2rq
Subscribe Now