A good start to the year leading into the dry season whereby we expect exploration to really hit its stride this year with $ in the kitty, aeromag complete and plenty of targets to test.
Both the copper and cobalt finds are from surface and seemingly enriched closer to the surface. I presume pretty easy to dig up and truck to the process plant down the road. Not earth shattering stand alone deposits but very valuable satellite pits to complement Kalongwe - and so early into the exploration program! More runs on the board for Stage 2.
Just as a rough house estimate --> 300m strike at surface x 20m average thickness x 150m extension to depth @ SG 2.7 = 2.4 million tonnes @ say 1.2% Cu = 29 kt Cu
NZC Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held