Resource Mining acquires two copper-gold projects in Tanzania

The projects are located within the Ubendian Orogenic Belt, a significant multi-element resource area in western Tanzania. RMC currently holds six Ni-Cu project areas within the same belt, multiplying the opportunity for critical minerals discoveries.

The Mpanda and Mbozi Cu-Au Projects are located in some of the most prospective ground within the region. Mining of copper in the Mpanda Mineral Field has been active since the 1930’s and continues today with the development of the very high grade Singililwa Mine, along strike to the Mpanda Cu-Au Project’s tenements. The Mbozi Cu-Au Project was initially explored by BHP, with the location of a high-grade copper project (Luez Hill) also up strike from the tenements. Preliminary soil surveys and field mapping in both projects has already located major copper anomalies within geological units that could support significant mineralisation.

Resource Mining Corporation’s Executive Chairman, Asimwe Kabunga, said: “We are extremely excited to announce the acquisition of the Mpanda and Mbozi Cu-Au Projects, which we intend to explore in parallel with our current Ni-Cu projects. The new projects are placed along strike from some of the most significant Cu-Au discoveries in Tanzania, and recent field work has already found major anomalies along strike and within the appropriate geology. The advantage held by our in-country knowledge and experienced staff can now be fully utilised as we expand our exploration base and continue to explore for major critical mineral deposits.”