Yesterday's retrace presents a good opportunity to make a good an initial entry point or accumulate further on this DRC Copper and Copper gem. Recent cobalt results from EUC and BMT further shows that a good copper colbalt plays are usually found in the DRC. NZC is my only cobalt holding at this time.
Upcoming News Flow
-----------------------------------
Initial drill programs completed at Monwezi 3
Katete and Kasangasi during the dry season
High-resolution airborne survey complete ahead of 2018 drilling program
Drilling currently in progress at Monwezi 7
Highlights
---------------
• Positive Feasibility Study: Kalongwe Stage 1
• Potential for major value uplift: Kalongwe Stage 2
• Regional exploration campaign ongoing
Kalongwe Stage 1: a robust, low-cost oxide copper-cobalt
project outlined by recent Feasibility Study:
US$116M NPV10% and 71% IRR (pre-tax)
Annual production: 19,360t Cu, 1,507t Co at US$1.35/lb
7-year mine life: Ore Reserve 6.98Mt at 3.03% Cu, 0.36% Co
US$53.12M CAPEX and 21-month payback
Fully-permitted with 12-month timeline to production postfunding
and Board approval
Kalongwe Stage 2: opportunity to deliver a significant
further uplift in value and mine life through SX-EW
processing – work underway
Nzuri Key Strengths
---------------------------------------
Quality asset: robust high-grade copper-oxide, open-pitable resource.
Near term production.
Funding: arrangements in-place to completion of Definitive Feasibility Study (Tembo Capital).
Stakeholders: supportive JV Partners and shareholders (Tembo, Traxys, GICC, Sprott, Ivanhoe Mines).
Ownership: direct 85% interest in the Kalongwe Cu-Co Project.
Metallurgy: ore deposit suited to be processed by HMS, a proven and effective technology.
Development: for low CAPEX / OPEX early start-up mining operation.
Exploration: upside within Kalongwe Project Area and the new Fold and Thrust JV Area.
Management: with in-country experience and track record in DRC.
NZC Prospect Breakdown created by mineralised @mineralised
-----------------------------------------------------------------------------------
hotcopper.com.au/att...43-25-am-png.901493/
JORC Deposit
--------------------
6.98Mt at 3.03% Cu, 0.36% Co
Corporate Snapshot
------------------------------
Cash $11.98M
Issued Shares 230.3M
Options 9.6M
Debt Nil
Upcoming News Flow
-----------------------------------
Initial drill programs completed at Monwezi 3
Katete and Kasangasi during the dry season
High-resolution airborne survey complete ahead of 2018 drilling program
Drilling currently in progress at Monwezi 7
Highlights
---------------
• Positive Feasibility Study: Kalongwe Stage 1
• Potential for major value uplift: Kalongwe Stage 2
• Regional exploration campaign ongoing
Kalongwe Stage 1: a robust, low-cost oxide copper-cobalt
project outlined by recent Feasibility Study:
US$116M NPV10% and 71% IRR (pre-tax)
Annual production: 19,360t Cu, 1,507t Co at US$1.35/lb
7-year mine life: Ore Reserve 6.98Mt at 3.03% Cu, 0.36% Co
US$53.12M CAPEX and 21-month payback
Fully-permitted with 12-month timeline to production postfunding
and Board approval
Kalongwe Stage 2: opportunity to deliver a significant
further uplift in value and mine life through SX-EW
processing – work underway
Nzuri Key Strengths
---------------------------------------
Quality asset: robust high-grade copper-oxide, open-pitable resource.
Near term production.
Funding: arrangements in-place to completion of Definitive Feasibility Study (Tembo Capital).
Stakeholders: supportive JV Partners and shareholders (Tembo, Traxys, GICC, Sprott, Ivanhoe Mines).
Ownership: direct 85% interest in the Kalongwe Cu-Co Project.
Metallurgy: ore deposit suited to be processed by HMS, a proven and effective technology.
Development: for low CAPEX / OPEX early start-up mining operation.
Exploration: upside within Kalongwe Project Area and the new Fold and Thrust JV Area.
Management: with in-country experience and track record in DRC.
NZC Prospect Breakdown created by mineralised @mineralised
-----------------------------------------------------------------------------------
hotcopper.com.au/att...43-25-am-png.901493/
JORC Deposit
--------------------
6.98Mt at 3.03% Cu, 0.36% Co
Corporate Snapshot
------------------------------
Cash $11.98M
Issued Shares 230.3M
Options 9.6M
Debt Nil