The Fold & Thrust Belt JV (DRC)

“The large tenement package is contiguous with NZC’s Kalongwe permit and hosts several targets on the prospective Mine Series rocks.”

  • Nzuri and Ivanhoe Mines signed Joint Venture in April 2015.
  • Nzuri has ability to acquire a 98% interest in Ivanhoe’s permits PRs 688, 689, 702 and portions of PRs 690 and 701 (refer ASX announcement on 24/4/2015).
  • Area of ~334sq km in a highly prospective part of the western Katangan Copperbelt.
  • Proximity to World-Class mines and deposits with historic production.
  • Existing infrastructure development.
  • Acquiring comprehensive database from Ivanhoe.
  • Historic exploration identified significant geophysical and geochemical anomalies and large fragments of Mine Series rocks.
  • Targets include diamond drill results of up to 5m @ 4.9% Cu.
  • Rock chip samples of up to 6% Cu and strong geochemical anomalies.
  • Contains strike extension of structures/geology hosting Kalongwe.
  • Exploration program underway.