The Kalaba East project is located in the Central African Copperbelt, North-Western Province, Zambia. The area is prospective for large tonnage, low to medium grade copper-cobalt deposits.
Argonaut via its 90% held subsidiary, Sunrise Exploration and Mining Limited has been successful in acquiring two contiguous licences and is currently awaiting operational approvals and consent from Zambian authorities.
The Kalaba East Project lies adjacent to ARC Minerals’ recent Cheyeza East Prospect and Muswema North Prospect discovery and west of the world-class copper mine Sentinel, operated by First Quantum Minerals.
Regional interpretations are underway and on-ground activities are expected to commence in 2020.