Optioned Licenses Portfolio

Multi-license option portfolio across Zambia

Portfolio Overview

Tamaraw Metals holds option rights over an additional package of 6 prime licenses and 3 pending license applications across Zambia totaling 66,715 hectares.

The option agreement provides a 90-day exclusivity window after license issuance, with a US$20,000 fee triggering the due diligence period for selected licenses.

Portfolio Facts

Portfolio Scope

6 prime licenses plus 3 pending license applications

Total Area

66,715 ha

Exclusivity

90-day window after license issuance

Due Diligence

US$20,000 fee triggers a 90-day due diligence period

Focus Areas

Chongwe, Kabwe, Choma, Chavuma, and Masaiti

Priority Target Areas

Target Area
Chongwe

Priority optioned target area for post-issuance geological review, reconnaissance, and commercial assessment.

Target Area
Kabwe

Priority optioned target area for title review, initial field validation, and ranking within the portfolio.

Target Area
Choma

Priority optioned target area identified for follow-up review after issuance and due diligence activation.

Target Area
Chavuma

Priority optioned target area for early reconnaissance and portfolio-wide target comparison.

Target Area
Masaiti

Priority optioned target area intended for staged technical review and follow-up exploration planning.

Option Process and Next Steps

Monitor issuance status

Track issuance across the priority applications and maintain readiness for rapid evaluation.

Activate due diligence

Use the 90-day due diligence window to confirm geology, access, and commercial positioning on selected targets.

Prioritize follow-up work

Sequence field visits, reconnaissance sampling, and comparative target ranking across the option package.