Caledonia is an African focused mining company with an exciting
cobalt development project in Zambia -
Nama Cobalt Project
Nama Group of Licences – Zambia
This group of five contiguous licences covers an area of 1,150 square
kilometres on the northern extension of the Zambian Copperbelt
and hosts open–pittable near–surface low grade cobalt /copper
mineralization.
Property:
Caledonia Nama Limited,
a wholly owned subsidiary of Caledonia, holds five contiguous
exploration licences in northern Zambia which host near–surface
cobalt/copper mineralization.
This area lies immediately north west of the operating
Konkola Copper mine and adjoins the extensive holdings of
Teal Mining and Exploration Limited.
In November 2006 the Zambian authorities agreed to grant a
Retention Licence to Caledonia Nama Limited in order to
enable the Company to conclude the detailed evaluation of
mineral resources outlined by earlier work.
This Retention Licence covers an area of 80,625 hectares and
is valid for two years.
caledoniamining.com
Caledonia's cobalt property is called the Nama Cobalt Project.
The NI-43-101 technical report concluded that the combined
Indicated Resource for Anomalies A and C at Nama is
estimated as 121,874,000 tonnes with a weighted average
grade of 0.047% Co and 0.043% Cu.
The Nickle portion is approximately 0.015%.
This is only one of Caledonia's many properties.
This property alone has an estimated resource of
114,561,560 lbs of cobalt, 104,811,640 lbs of copper
and 36,562,200 lbs of nickel.
At today's prices of $46.25/lb for cobalt,
$3.27/lb for copper and
$13.26/lb for nickel,
this is a total value of $6,126,020,985 U.S. dollars.
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caledoniamining.com
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Imo. Tia.
God Bless
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