Kangaluwi Copper Project, Zambia

The Kangaluwi Copper Project ("KCP") lies 180 km east of Lusaka, Zambia. The project is covered by a 245 km2 Mining Licence area ML 15547, issued on 16 March 2011 and valid for 25 years. The project covers the high quality copper deposits of Kangaluwi, Chisawa and Kalulu. Numerous geophysical targets in the project area are yet to be evaluated, with only one quarter of the 28 km strike length drill tested to date. The current Mineral Resource estimate for the project comprises 46 Mt @ 0.67% Cu for 300 kt contained copper from the Kangaluwi, Chisawa and Kalulu deposits at a 0.3% Cu cut-off grade. The exact co-ordinates are currently not available however the approximate area of location is lat: -15.3122767; long: 29.6035495.