The Kamapanda 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 and alluvial gold.
Argonaut via its 90% held subsidiary, Sunrise Exploration and Mining Limited has been successful in acquiring the licence and is currently awaiting operational approvals and consent from Zambian authorities.
The area is situated adjacent to the Domes Region, on the southwestern flank of the Kabompo Dome and is prospective for copper-cobalt mineralisation within units of the Lower Roan Group of the Katanga Supergroup.
The large-scale exploration licence covers an area of 225 km2 and extends to the Angolan border.
The area is remote, with limited access and is largely underexplored.
Regional interpretations are underway and on-ground activities are proposed to commence in 2021.