Central Copper Resources
Primary ticker: Private
Stage of development: Exploration, Development
Primary minerals: Copper
Project to promote: West Congolian, Kayeye and Lunga
Project location: DRC, Zambia
Website: www.centralcopper.com
Africa’s next mid-tier copper producer. The Company has three main assets: the West Congolian Project which includes the Mbamba-Kilenda flagship development project in the DRC with an existing high-grade copper resource with extensive resource expansion potential; The Kayeye exploration project in the DRC, adjacent to Ivanhoe’s Komoa-Kakula project in the highly prospective Western Foreland and the Lunga exploration project in Zambia. All three projects have significant high-grade resource potential with the Company planning significant exploration and development programmes in 2025.
Management Profile
Luke Knight – CEO
Luke commenced his career in the mining sector in 1997, working as a Manager for New Projects for the Olympus Mining Group and Miranda Minerals Limited. His activities saw him supervise mineral exploration projects in various countries in Africa and South America. Luke was a founding member of Platmin Limited (now Sedibelo Resources) and COO of its South African operating subsidiary. Luke joined AMED Funds in 2014 as a director responsible for monitoring AMED’s portfolio of African investments. Luke has been CEO of Central Copper Resources since November 2021 and has been a Director and intimately involved in the project since 2014. Luke brings a wealth of experience in the management and development of exploration projects in Africa.
What is your rationale for taking part in 121 Mining Investment?
Central Copper Resources is undertaking a marketing process to secure a strategic investor.
What recent news would you like to highlight to investors attending?
CCR has initiated work programmes for the completion of the feasibility study to fast-track the Mbamba Kilenda deposit to production and cash flow. Drilling will commence at the Kayeye Project in Q1 2025 with the programme targeting an initial discovery. Drilling will commence at the Lunga Project in Q2 2025, targeting an initial discovery.
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Commencement of metallurgical, geotechnical and geohydrological drilling at Mbamba Kilenda for input into the feasibility study. Commencement of drilling at the Kayeye. Initial first phase exploration over the West Congolian Project adjacent to our flagship Mbamba-Kilenda development project.
6 Months:
Commencement of resource expansion and infill drilling over our flagship Mbamba-Kilenda project while concurrently undertaking a feasibility study on the first planned module of production. An initial drilling programme on the Lunga project. Initial drilling on the West Congolian project with a focus on the Senge high-grade vanadium target.
12 Months:
Completion of the feasibility study over the first production module at the Mbamba-Kilenda project. Extensive regional exploration over the West Congolian Belt inclusive of resource drilling at the Senge vanadium project. Initial resource statements on the Lunga and Kayeye projects.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Macroeconomic factors are presently the largest risk to Central Copper Resources’ ongoing success. Given the ever-increasing need for more copper as the world moves towards a greener future, the expectation is that copper will continue to attract investment even in uncertain times. Copper is the right commodity at the right time.
What do you think makes your company such a compelling investment?
Central Copper Resources value is underpinned by its existing high-grade resource at its flagship Mbamba-Kilenda project. The adjacent West Congolian Belt and the Company’s Lunga and Kayeye projects offer additional highly prospective exploration upside to rapidly increase our copper inventory and push towards multiple development projects.
What are the top 3 key investor takeaways?
Solid management with specific African exploration and development experience. An existing high-grade resource offering near-term production opportunities. Highly prospective pipeline of exploration projects to be rapidly taken up the development curve.