Bankers Cobalt has signed an agreement to gain up to 70% of an interest in six additional concessions in the southern Democratic Republic of the Congo (DRC) copperbelt.
The company now has a total of 20 concessions, comprising an area of more than 297km², with potential for cobalt and copper in the DRC.
Go deeper with GlobalData
The proposed transaction allows the company to enhance its exploration landholdings in the region.
Bankers DRC subsidiary president Kevin Torudag said: “The acquisition of interests in six additional concessions in the DRC Copperbelt shows our commitment to our plan for expansion and maintaining our lead in the junior mining sector for cobalt and copper in the DRC.
“It is also important to note that the acquisitions are the culmination of a relationship that has developed over two years. We will continue to assess and acquire additional properties to add to our land package.”
According to the company, one of the concessions borders with its Kankutu project.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn addition, the concession is adjacent to the operating Kimpe cobalt and copper mine.
The company has been conducting work programmes comprising surface sampling, pits, trenching, and now geophysics at the Kankutu and Comima / Comipad projects.
In addition, the company is focused on an ongoing drilling programme at the Kabolela project.
