DR Congo: Okapi Resources acquires 70% interest in copper/cobalt licenses
Friday, 26 January 2018 15:17
Okapi resources, listed on ASX, announced it has executed on Jan. 21 an option agreement with Rubamin FZC to acquire 70% interest in Tenke, Luisha and Ntondo mining licences on copper and cobalt in DRC.
According to the agreement’s terms, Okapi should invest in the above-mentioned licenses located in “Katanga Copper” belt. It should also carry out a pre-feasibility study on these three permits known as “Katanga Copper-Cobalt Project”.
In a statement published yesterday, the company (Okapi) pointed out the potential in copper and cobalt of these licenses located close to others known copper/cobalt mines. Amongst these, the Tenke Fungurume Mine, one of the country’s largest deposits, situated 50km to the east.
Louis-Nino Kansoun
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