Zambia Copper Portfolio
Copper-focused exploration portfolio in Zambia comprising the Kaoma JV, Chinsali JV, and optioned licenses.
Overview
Tamaraw Metals' Zambia portfolio combines the Kaoma JV, the Chinsali JV, and a broader package of optioned licenses across prospective copper districts.
The portfolio is being advanced through a JV-first model in which Tamaraw leads and funds phased exploration and technical work with the objective of progressing priority assets toward resource definition and economic evaluation.
Highlights
114,120 ha disclosed footprint
The current portfolio comprises 1,932 ha at Kaoma, 45,473 ha at Chinsali, and 66,715 ha in optioned licenses across Zambia.
Two majority-owned JV platforms
Tamaraw holds 70% interests in both the Amapale Minerals Limited JV for Kaoma and the Black Rhino Metals Limited JV for Chinsali.
Expanded option pipeline
Option rights across additional Zambian licenses and applications extend the portfolio beyond the two core JV projects.
Defined advancement pathway
Portfolio work programs are designed to progress from field surveys and drilling to resource estimation and preliminary economic assessment.
Breakdown
The Zambia portfolio combines a flagship western Zambia JV, a district-scale Muchinga Province JV, and an optioned pipeline of additional licenses and applications.
Kaoma JV
Flagship joint venture in Western Province anchored by the Kaoma large-scale exploration license and right-of-first-refusal exposure to the Kabompo licenses.
- 1,932 ha at Kaoma, plus ROFR exposure to Kabompo licenses 37322 and 37323
- Held through Amapale Minerals Limited (70% Tamaraw / 30% Sellome Investments)
Chinsali JV
District-scale joint venture in Muchinga Province advancing through historical review, mapping, and geophysical follow-up planning.
- 45,473 ha under large-scale exploration license 40089-HQ
- Held through Black Rhino Metals Limited (70% Tamaraw / 30% Lenco International Mining)
Optioned Licenses
Option rights over additional Zambian licenses and applications expand the portfolio beyond the two core JV platforms.
- 66,715 ha across 6 prime licenses and 3 pending license applications
- Separate option agreements with post-issuance exclusivity and due diligence windows
Portfolio Work Program
Phase 1 (0–6 months)
Mapping, geochemical analysis, and magnetic/IP surveys.
Phase 2 (6–12 months)
Drilling 3,000–5,000 meters and conducting metallurgy assessments. Additional drilling will be considered if warranted.
Phase 3 (12–24 months)
Develop an initial NI 43-101 or JORC-compliant resource estimate and preliminary economic assessment on advancing assets.