Exploration drilling at the Kamoa North prospect area, which forms part of the company's Kamoa-Kakula mining licence, has defined two new, continuous corridors of shallow and high-grade copper mineralization.
CITIC Metal Mining News
The find, named Makoko, was the first of multiple high-potential target areas identified by the company’s exploration team to be tested by drilling.
Transaction, which gives CITIC a 20% stake in the Canadian miner, has received all necessary approvals and it’s expected to close on Sep. 19
CITIC Metal will own 20% of the Canadian miner, which makes its biggest shareholder.
This is the first statement in which MMG has confirmed its intention to buy Las Bambas.