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The Kalukundi Project was owned by the State owned Gecamines and held through an agreement with JCI Gold Limited, who were undertaking an evaluation of the property. In 2000/2001 a programme of exploration was undertaken which expanded into a scoping study to determine the feasibility of developing the Kalukundi Project into a mining operation. A feasibility study was undertaken in May 2004 and was completed in May 2006. It confirmed the presence of mineable oxide ore reserves amenable to a 10 year operation by opencast mining methods with high recoveries of copper and cobalt though a vat leach process plant with an electro-winning (SX/EW) circuit capable of producing high purity copper and cobalt metal. This programme also established the presence of significant upside ore…
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