Cape Lambert Resources Limited: Kitwe Tailings Project Update
(firmenpresse) - Kitwe Tailings Project Update
Australian resources and investment company, Cape Lambert Resources Limited (ASX: CFE) (Cape Lambert or the Company) is pleased to provide an update regarding the Kitwe Tailings Project, Zambia.
On 22 May 2017, the Company announced that it had executed a binding terms sheet to conditionally acquire 70% of the shares in Zambian entity Australian Mining Company Zambia Limited (AMCZL), which is the holder of exploration licence No 21853-HQ-SEL (Kitwe Tailings Project) (Acquisition).
The Kitwe Tailings Project is located approximately 3km from the outskirts of Kitwe, in the Copperbelt region of Zambia. Kitwe is the second largest city in Zambia, in terms of size and population, and is one of the most developed commercial and industrial areas in the nation, alongside Ndola and Lusaka. The Copperbelt is centered around the towns of Ndola, Kitwe, Chingola, Luanshya and Mufulira - a string of towns on Zambia's northern border with the Democratic Republic of Congo. The Kitwe tailings were produced from the nearby Nkana concentrator that processed copper sulphide-oxide ores from the Mindola mine in the 1970s and 1980s.
After extension requests by the Seller, the Share Sale Agreement was executed on 4 December 2017, with completion of the Acquisition expected within the coming weeks.
Subsequent to the execution of the terms sheet, AMCZL lodged an Environmental Project Brief (EPB) with the Zambia Environmental Management Agency (ZEMA), which is needed for the exploration work to commence. On 4 January 2018, ZEMA issued its Decision Letter approving the EPB.
Tailings samples for metallurgical testwork, to be undertaken at the laboratory of Mintek in South Africa, have now been collected. The export paperwork needed to dispatch the sample is currently being organized and it is planned that the metallurgical testwork will commence by month end.
Yours faithfully
Cape Lambert Resources Limited
Tony Sage
Executive Chairman
http://www.irw-press.at/prcom/images/messages/2018/42042/180111 Kitwe Tailings Updateprcom.001.png
Figure 1: Location of the Kitwe Tailings Project
http://www.irw-press.at/prcom/images/messages/2018/42042/180111 Kitwe Tailings Updateprcom.002.jpeg
Figure 2: Location of Licence No 21853-HQ-SEL
Cape Lambert Resources Limited (ASX: CFE) is a fully funded mineral development company with exposure to iron ore, copper, gold, uranium, manganese, lithium and lead-silver- zinc assets in Australia, Europe, Africa and South America.
Australian Securities Exchange
Code: CFE
Ordinary shares
873,625,369
Unlisted Options
23,500,000 ($0.05 exp 31 Dec 2018)
Board of Directors
Tony Sage
Executive Chairman
Tim Turner
Non-executive Director
Jason Brewer
Non-executive Director
Stefan Muller
Non-executive Director
Melissa Chapman
Company Secretary
Cape Lambert Contact
Investor Relations
Phone: +61 8 9380 9555
Email: info(at)capelam.com.au
Australian Enquiries
Professional Public Relations
David Tasker
Phone: +61 8 9388 0944
Mobile: +61 433 112 936
Email: david.tasker(at)ppr.com.au
www.capelam.com.au
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Datum: 11.01.2018 - 08:52 Uhr
Sprache: Deutsch
News-ID 570742
Anzahl Zeichen: 3625
contact information:
Town:
Wien
Kategorie:
Business News
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