Konkola West Copper Project

Konkola West Copper Project, 27067-HQ-LEL

Tertiary Minerals (Zambia) Limited holds the right to earn up to a 90% interest in the Konkola West Project from local partner Mwashia Resources Ltd.

The Project area adjoins the west side of mining leases for the Konkola and Lubambe copper mines which, together with the Musoshi mine in the neighbouring DRC, exploit a >15km long zone of high-grade copper mineralisation, one of the world’s great copper deposits that had a pre-mining endowment of >775 million tons of high-grade copper ore.

The Konkola-Lubambe mining area has seen two high profile developments recently:

  • KoBold Metals has agreed to inject $150 million into development of deep copper resources in the nearby Mingomba deposit (250 million tons @3.8% copper), an extension of the ore zones being mined at Lubambe; and
  • Vedanta has settled a dispute with the Zambian Government and is to recapitalise the Konkola Mine operations with a capital injection of $1 billion.

Tertiary’s Konkola West Project has potential to host projected very deep but intact extensions of the Musoshi-Konkola copper deposits.

The Company has acquired gravity and airborne magnetic data for the Konkola West licence from KoBold Metals. Interpretation has now identified areas in the north and northwest of the licence where the target Lower Roan formation - the main host to copper - may be shallower and less steeply dipping than on the eastern side of the licence.

Recently the Company and Mwashia Resources Ltd. entered into an earn-in agreement with Mwinilunga Exploration Limited, a subsidiary of KoBold Metals, which is conditional on obtaining ministerial consent and approval by the Competition & Consumer Protection Commission. Deep drilling is planned on the Licence which is likely to commence in 2024 subject to government approval.