Integrated inks farm-in deal in Zambia
PERTH (miningweekly.com) – Junior explorer Integrated Resources has entered into a conditional farm-in agreement to acquire 3 000 km2 of copper exploration tenements in Zambia.
Under the terms of the transaction, Integrated would pay a signing fee of $120 000 for the four tenements, along with a $50 000 exclusivity fee, which was paid in December.
Integrated would acquire an initial 51% interest in all four tenements by spending $325 000 on exploration within a 15-month period. An additional 34% interest could be gained if the company spent $500 000 over a 24-month period.
The remaining 15% interest in the projects would be retained by the vendor, which would meet pro-rata expenditure shares, or could be acquired by Integrated through the issue of equity.
The company told shareholders that the Kalengwa South project had been determined as the flagship project within the tenement area, and covers some 557 km2.
Integrated said that summary data on the project, provided by the vendor, indicated that a number of prospects have already been identified, with historical samples reporting significant copper and gold mineralisation.
Of the seven advanced targets, three have significant prospects and have been prioritised for further exploration.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
