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Prospects’ Mumbezhi in Zambia is WhyAfrica’s Pick Of The Week

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Prospects’ Mumbezhi in Zambia is WhyAfrica’s Pick Of The Week
Nestled between First Quantum and Barrick’s massive copper and nickel deposits are several license areas currently being explored by junior mining companies. One of these junior exploration companies, Prospect Resources, is working on the Mumbezhi Copper Project. Image credit: Prospect Resources.

Prospects’ Mumbezhi in Zambia is WhyAfrica’s Pick Of The Week. Mumbezhi copper is in north-west Zambia. 

By Leon Louw, owner of WhyAfrica and editor of the WhyAfrica magazine   

Amidst the great energy transition, copper is certainly where you want to be as an investor right now. If you are a junior exploration company in Africa, there are a few countries that I would prefer for several reasons.

Unfortunately, I don’t have time or space in this article to expand on the reasons why I would choose Zambia, Angola, Botswana, Namibia or the DRC.

There are other great mining jurisdictions in Africa as well, but for today’s WhyAfrica Pick Of The Week, we’ll focus on Zambia, a historic and prolific producer of copper since 1928.

Prospects’ Mumbezhi in Zambia is WhyAfrica’s Pick Of The Week
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The rise of copper            

Copper has been used for various purposes dating back at least 10,000 years. Today, it is a key component in electronic equipment especially in electric wires and cables.

The metal is regarded as a green-energy transition material, in part because of the wiring needed for electric cars (Ev’s).

EVs can use as much as 80kg of copper, four times the amount typically used in combustion engine vehicles. It is also used as a building material or can be melted with other metals to make coins and jewellery (source: Prospect Resources).

Prolific Zambian Copperbelt

The Zambian Copperbelt region is one of the most prolific and prospective copper mining regions globally.  The Central African Copperbelt region of north-western Zambia has delivered several world-class copper mines including TSX-listed First Quantum’s Sentinel and Kansanshi mines and Barrick’s prolific Lumwana copper mine.

Nestled between these massive copper and nickel deposits, are several license areas currently being explored by junior mining companies.

One of these junior exploration companies, Prospect Resources, is working on the Mumbezhi Copper Project, which is located on a single Large Scale Exploration Licence covering an area of about 356 square kilometres, in an area highly prospective for large tonnage, low-to-medium grade copper-cobalt deposits. To the west of Mumbezhi is Sentinel and to the east is Kansanshi.

Mumbezhi is approximately 30 km southwest of Barrick Gold’s Lumwana Copper Mine, which contains predominantly fresh copper sulphide mineralisation.

At Lumwana the ore is successfully treated through a conventional sulphide flotation plant to produce a saleable copper concentrate.

Prospects’ Mumbezhi in Zambia is WhyAfrica’s Pick Of The Week

Previous exploration drilling of Mumbezhi was conducted over a period of 10 years by Orpheus Mining, with 50 holes completed across the Nyungu deposits for approximately 9,330m drilled.

Historical intercepts of copper-cobalt mineralisation have been described as extensive and located near surface, which demonstrates the potential for a low-cost, large-scale open pit mine development.

Preliminary metallurgical test work conducted historically also produced encouraging results that saw a copper concentrate grading 25.6% Copper (Cu) at 87% recovery from conventional flotation test work on fresh sulphide ore composites.

Prospect recently released results for new copper intercepts from its Nyungu Central Deposit at Mumbezhi. These results are derived from the acquisition of prior drilling data (drilling done in 2021) until now unreleased.

Prospect has also now been able to interrogate and validate the entire data set purchased from Orpheus for historical drilling completed before 2022, and other drill data information collated for Mumbezhi that pre-dates Orpheus’ exploration activities at the Project.

Prospects’ Mumbezhi in Zambia is WhyAfrica’s Pick Of The Week

Prospect has been able to verify actual locations and assays for 62 drill holes completed at the Nyungu Central and Nyungu South deposits located in the southwest corner of the Mumbezhi licence.

According to Prospect’s Managing Director and CEO, Sam Hosack the wide, strongly mineralised copper intercepts are a hallmark of the Nyungu deposits.

“These newly released results again confirm the outstanding prospectivity of this land package. The further we progress in our initial post-purchase evaluation of Mumbezhi, the more evident are key facets of a potential high value, long-life, open-pittable copper-cobalt mining and processing operation, with regionally favourable metallurgy and a significant exploration upside.

“Prior to completion, the Mumbezhi Licence was transferred to our new Zambian subsidiary Osprey Resources (85% Prospect), and we are now proceeding to unlock Mumbezhi’s potential.

With the strong backdrop provided by the global copper market, Prospect is well positioned and capitalised to rapidly advance Mumbezhi,” says Hosack.

Prospects’ Mumbezhi in Zambia is WhyAfrica’s Pick Of The Week

Prospects’ Mumbezhi in Zambia is WhyAfrica’s Pick Of The Week
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