Zeta underground Copper Mine project, Botswana

The Zeta underground mine project in Botswana has total provided and probable ore reserves of 7.3 million tons, with a grading of 1.3% copper and 24.5 g/t silver, and total resources of 9.07 million tons, with a grading of 1.3% copper and 26.8 g/t silver. The development plan for the Zeta underground mine will see the construction of an integrated opencut and underground mine, producing an average 1.5 million tons a year. A twin-decline development from the Zeta openpit area will provide underground access. Capital expenditure to first ore production at Zeta is estimated at $5.5 million.