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(i) Etoile Mine (license number 577)
The Etoile mine is a stratiform copper-cobalt deposit. The form of the Etoile deposit resembles that of many of the near-surface oxide deposits of the southern Katanga region. There is an enlarged oxide cap some 50m in thickness overlying an inclined stratiform sulphide deposit. |
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Ore with 0.5% Cu cut off (tons) |
Average Cu % |
Average Co % |
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| Oxides |
Proven |
6,560,480 |
3.95% |
0.77% |
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Probable |
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| Mixed |
Proven |
4,061,150 |
2.56% |
0.51% |
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Probable |
179,640 |
2.52% |
0.51% |
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| Sulphides |
Proven |
3,356,940 |
4.31% |
0.48% |
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Probable |
539,652 |
4.36% |
0.51% |
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| Total |
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14,697,862 |
3.63% |
0.63% |
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(ii) Etoile Extension Mine (license number 1538)
The Etoile site is under expansion. PR 1538 is less than 5km from the Etoile mine site. Our exploration team has already identified a deposit containing 2.3 million tones oxide ores at 0.87% Cobalt (~20,000 tons of contained cobalt). Exploration work is continuing on our research permits within the area.
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