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 (which included a comprehensive database)  in April 2015.
  • Nzuri has already during 2016/17earned an 80% interest in Ivanhoe’s permits PRs 688, 689, 702 and portions of PRs 690 and 701, with the ability to earn up to a 98% interest (refer ASX announcement on 24/4/2015).
  • Exploration area of ~343sq km in a highly prospective part of the western Katangan Copperbelt, contiguous to the existing Kalongwe exploitation permit.
  • Proximity to multiple World-Class mines and deposits with historic production.
  • Existing infrastructure.
  • 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.
  • Nzuri drilled 6,600m, completed 7,600m of trenching and 82km of access tracks in 2017 with targets identified for 2018 follow up.
  • 2018 exploration program underway, refer to recent ASX announcements.