Limestone - Zambia

On the 17th August 2023 we announced that we had signed an opton deed to acquire up to 28.33% of Limeco Resources Limited the owner of a Limestone project located 22km west of Lusaka in Zambia for an aggregate of US$5.1 million across two tranches. The project comprises of a limestone quarry with an estimated non-JORC compliant mineral resource of more than 73 million tonnes (Source: Golder Associates, October 2017) and a Quicklime production facility with the potential to produce between 500 and 600 tonnes of quicklime per day.

The Limeco project is now advancing with various parts of the processing operation now entering the commissioning phase.