Tertiary Minerals plc’s local earn-in partner Mwashia Resources has received extensive geophysical data to aid exploration on the 72km2 Konkola West copper exploration project in Zambia.
four licences including Konkola West (Tertiary Minerals)
KOBOLD
The data was collected in 2021 by KoBold Metals, whose shareholders include Breakthrough Energy Ventures, founded by Bill Gates and backed by Jeff Bezos, Sir Richard Branson and mining major BHP.
The group is investing $150 million to evaluate the Mingomba copper deposit on the mining
licence adjoining Tertiary’s Konkola West exploration licence.
CONTINUOUS ZONE
The airborne gravity, magnetic and radiometric data, collected in a regional airborne geophysical survey, incorporates Konkola West and targets down-dip and along-strike extensions of the contiguous Musoshi-Lubambe-Mingomba-Konkola copper deposits.
The deposits host the Musoshi mine in the Democratic Republic of the Congo and the Lubambe and Konkola mines in Zambia.
Tertiary said that the deposits together defined a continuous zone of mineralisation over 15km long with a pre-mining endowment of over 775 million tons grading 2-3% copper.
Konkola West lies 2,000m southwest of the Mingomba deposit which currently has a resource of 250 million tonnes with a mean grade of 3.8% copper.
Executive chairman Patrick Cheetham added that the data provided valuable insight for Tertiary’s next stage of exploration on the licence.