EXPLORATION & DEVELOPMENT

Nzuri cashes up for DRC copper feasibility

WELL-located Democratic Republic of Congo copper and cobalt junior Nzuri Copper has raised nearly $A5 million from institutional investors and has seen a $US3 million loan with major shareholder Tembo Capital converted into shares at the private equity firm’s behest.

Michael Quinn

Nzuri cashes up for DRC copper feasibility

Nzuri, which is the old Regal Resources, now has about $A8-9 million cash to complete a feasibility study at its Kalongwe project by the end of 2017. Kalongwe hosts a near-surface JORC resource of 302,000t...

Start a free trial to continue reading this article

Already have an account? Sign in here

MORE ON THIS TOPIC

NEXT: Deep success for Pantoro
PREVIOUS: Offtakers visit Tawana's Bald Hill

MOST POPULAR

1

PRECIOUS METALS

Conflict near Porgera mine kills at least 20 people

2

BARRY FITZGERALD

Vella's remake of IGO no easy task: Fitzy

3

EXPLORERS

Goyder buys significant stake in Metal Hawk

4

CAPITAL MARKETS

Commodity valuations 'utterly, utterly compelling': Gold Forum Americas 2024

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902