News Articles for Nzuri Copper

At least $1.6 billion of equity has been raised by WA-linked critical minerals hopefuls in the past five years, but achieving consistent returns is another battle.

Nzuri Copper's takeover by Chinese industrial player, Chengtun Mining Group, is entering its final stages with shareholders set to vote on the AUD$109.5 million all-cash takeover offer in mid-August. The company's Kalongwe copper-cobalt project within the Central African Copperbelt in the far south of the Democratic Republic of the Congo is expected to play a key role in Chengtun's copper-cobalt expansion plans in the country.

China-based Chengtun Mining has launched an all-cash bid to buy Nzuri Copper at 37 cents per share.

Nzuri Copper has received an all-cash takeover offer from leading Chinese industrial player Chengtun Mining Group, that values the company at 37c a share, or about AUD$109.5m. The company owns the Kalongwe copper-cobalt project within the Central African Copperbelt in the far south of the DRC, which holds an ore reserve of 8 million tonnes grading 2.94% copper and 0.34% cobalt, which was used to underpin the company's 2018 feasibility study.

Nzuri Copper is pleased to announce that it has entered into a term sheet with its major shareholder, Tembo Capital Mining Fund LP, which sets out the commercial terms on which Tembo proposes to pr

Nzuri Copper has extended copper mineralisation to 1.2km of strike at its Kasangasi prospect, located 20km west from the flagship Kalongwe deposit in the DRC. Results of up to 15m @ 1.07% copper from 83m down-hole were returned. The company also reported impressive cobalt results from the Monwezi 7 prospect, saying the prospect has potential to be a key, near-mine, additional source of high-grade cobalt feed.

Nzuri Copper has extended its copper mineralisation to over 270m of strike and a vertical depth of 150m, after the latest drilling at its Monwezi 2 prospect in the DRC. Best results of up to 7.1m @ 0.82% copper from 73.9m down-hole were returned. Nzuri also generated an Exploration Target for Monwezi 2 ranging between 1.0 - 2.5 million tonnes grading between 0.8 - 1.5% copper.

Rubini Ventouras has resigned as company secretary and general counsel of BCI Minerals. The company has appointed Susan Hunter as company secretary.

New assays have confirmed Nzuri Copper's high hopes for a cobalt-rich zone just 800m along strike from its proposed Kalongwe copper project. Resource drilling is already being planned with expectations of a JORC resource in the near term. Drilling at Monwezi II just 2.5km along strike has also produced some very encouraging signs of copper and cobalt, including massive sulphides.

Two junior explorers have announced capital raisings today, with aspiring gold miner KIN Mining tapping investors for $11.3 million while Nzuri Copper has raised $6 million.

An update to the feasibility study on a planned stage 1 development of Nzuri Copper's Kalongwe copper-cobalt has produced a massive uplift in value and highlighted the benefits of operating in the

Perth-based company Lycopodium has been appointed as lead engineer and author for a pre-feasibility study at Jervois Mining's Nico Young cobalt-nickel project in NSW.

Nzuri Copper has appointed Lycopodium Minerals as its key engineering contractor for the Stage 1 Dense Media Separation plant at the Kalongwe copper-cobalt project in the DRC. Lycopodium was also retained for a Stage 2 economic assessment at the project. Nzuri are moving at a cracking pace now at Kalongwe which is in real danger of actually producing copper some time soon.

Local engineering company Lycopodium has been awarded a contract for design work at Nzuri Copper's Kalongwe operation in the Democratic Republic of Congo.

Nzuri Copper has announced that it has started its 2018 exploratory field program in the DRC, with drilling to target eight high priority copper-cobalt targets identified last year from geological and geophysical interpretation. The targets all lie within 30km of the existing ore reserve defined at the flagship Kalongwe copper-cobalt deposit and each target has potential for a new base metal discovery in this prospective district.

Decmil Group has made some changes to its board structure, as part of its board renewal plan, to better reflect the future needs of the business.

Nzuri Copper has produced its best copper hits yet from a target area immediately along strike from the Kalongwe project in the DRC, opening the door for a possible significant extension of mine life. Drill hits of up to 7.7% copper were accompanied by encouraging cobalt intercepts, all at shallow depths and within 5km of the flagship project.

Nzuri Copper's Kalongwe copper-cobalt project could be set for a mine life extension after exploration drilling just 2.5kms away produced a series of very positive results that may lead to a satellite orebody. Drilling at Monwezi 2 has extended an historic copper-cobalt intercept in three directions and confirmed a new geological interpretation of the target.

Nzuri Copper has continued the lightning pace set at its flagship Kalongwe copper-cobalt deposit into 2018, hiring one of Australia's biggest engineers to conduct a further scoping study on a potential major expansion. The move comes just days after Nzuri banked a $10m placement and adds further momentum to its exciting project in the heart of the booming African copper Belt.

Nzuri Copper has now taken final delivery of $10milllion from a placement to Chinese mining giant Huayou Cobalt and is kicking 2018 off on an upbeat note as it steps up the hunt for copper riches in central Africa. The Perth-based, ASX-listed junior will use the funds to develop its flagship copper-cobalt project in the Democratic Republic of the Congo and to shore up its prospects from an aggressive exploration campaign.

Nzuri Copper's ambitions to become a big player in the African Copper-Cobalt Belt have received a massive boost with a $10 million placement to Huayou Cobalt, the world's biggest producer of cobalt chemicals. Huayou operates a number of cobalt projects in Nzuri's backyard and will become a vital partner for the ASX-listed junior alongside Ivanhoe Mines who are already in a JV with the company.

Nzuri Copper have begun diamond drill testing a number of exciting Copper-Cobalt prospects that could extend the life of their fast-tracked Kalongwe development in the Central African Copperbelt. Drilling will include a follow up to last month's Cobalt discovery at Monwezi 7, which returned a 7-metre intercept with more than 1% Cobalt.

Excitement around Nzuri Copper's joint venture with Ivanhoe Mines in the Democratic Republic of Congo has been validated by some very interesting hits of Cobalt and Copper from early stage exploration. Drilling has identified a high-grade Cobalt zone at Monwezi West and shown that another target has similarities with Ivanhoe's giant Kamoa-Kakula Copper discovery nearby.

A newly released feasibility study for Nzuri Copper's Kalongwe Copper-Cobalt project in the DRC shows it will generate piles of cash for the junior explorer, with revenues of US$499m, an internal rate of return of 71% and an NPV of USD$116m. The project could be generating cash just 12 months after development approval underpinning Nzuri's big ambitions for its prime tenements in the African copper belt.

Nzuri Copper have kicked off an ultra-high resolution aeromagnetic survey over their quality Copper-Cobalt targets on the doorstep of Ivanhoe Mines' giant new discoveries in the Central African Copper belt. The survey will provide a clearer picture of the subsurface and sharpen definition of the kind of markers that were crucial in Ivanhoe's Kamoa and Kakula discoveries.

ASX-listed Nzuri Copper have carved out an enviable position alongside Robert Friedland's Ivanhoe Mines and their world-beating copper discovery in the Congo. The ASX listed junior is racing towards a development decision for its own Copper-Cobalt project discovered just 15km from Friedman's miraculous 1 billion tonne copper deposit. Nzuri are also farming into Ivanhoe's ground in a JV partnership.

Caravel Minerals believes its Calingiri copper mine is set to be an outstanding project, based on a detailed scoping study that it believes is a best-case example of what listed companies need to prepare in order to meet current disclosure rules.

Echo Resources says it will cost just $2.9 million to bring its Julius gold project into production, while Empire Resources expects to begin mining at its Penny's Find gold project in the coming three months.

The majority of scoping studies presented by exploration companies to the ASX are of questionable quality, a new analysis has found, as industry players debate potential solutions to the controvers

A new report has found listed exploration companies are focused increasingly on preserving their cash, as the sector grapples with regulatory rulings by the ASX and ASIC.

Michael van Uffelen has been appointed as a non-executive director of Dragon Energy.

Jonathan Murray has been appointed as a non-executive director of Vietnam Industrial Investments.

Regal Resources has entered into an agreement to acquire a 90 per cent interest in several tenements held by Vancouver-based Ivanhoe Mines, in close proximity to its Regal's copper project in Africa.

West Perth-based Regal Resources has entered into a $6.3 million share placement agreement with a UK-based investor to fund a bankable feasibility study for its 30 per cent owned Kalongwe copper project in Africa.

West Perth-based Regal Resources Ltd has sold its Eucalyptus Gold project in Western Australia's north eastern goldfields for $2 million in cash to a private syndicate.

Announce that 14,500,000 fully paid ordinary shares will be released from escrow on June 28, 2007.

Announce a further 250,000 fully paid ordinary shares are to be released from escrow as at June 10, 2006

Announce that a further 2,587,500 fully paid ordinary shares will be released from escrow on May 31, 2006

775,000 ordinary fully paid shares will be released from escrow on the 1 April 2006

Has entered into an agreement with Rox to acquire 100% of the Menzies Project.