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Australian miner eyes $186M African copper-cobalt project
Australian miner Nzuri Copper has released a feasibility study for its Kalongwe copper-cobalt project in the Demo-cratic Republic of the Congo which foresees a net present value of some $186 million in the first stage of the investment.
“Our immediate focus over the next few months is to advance appro-priate funding solutions and, with the support of our cornerstone shareholders, deliver Stage 1 as quickly as we can,” Mark Arnesen, the chief executive and executive director of Nzuri Copper, said in a statement.
Nzuri Copper is listed on the Australian Securities Exchange (ASX).