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African Battery Metals steps up the pace of cobalt exploration on Kisinka

An extensive sampling programme is now underway at Kisinka
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Kisinka is situated in the region that accounts for a significant percentage of the world's cobalt supply

Work is continuing apace on the Kisinka property in the Democratic Republic of Congo, owned by African Battery Metals PLC (LON:ABM).

Chief executive Roger Murphy is currently on site overseeing the exploration programme, laying down fence lines ahead of a planned soil sampling programme.

WATCH: African Battery Metals to kick off Augur drilling programme this week at Kisinka

Field mapping over a significant portion of the license has already been completed, while satellite imagery has identified a number of follow-up targets.

Kiskinka is close to several large copper-cobalt producing mines. There are seven large mines within 25 kilometres, and the two mines for which African Battery Metals has data together account for 7% of the world's cobalt production.

Kisinka is a 53 square kilometre licence block which African Battery believes sits on the right rock type to produce cobalt and copper. Other companies, including existing producers, are exploring in this same area on blocks adjacent to Kisinka.

Given that bedrock is generally covered by a few metres of soil, a quick and efficient method to recover material closer to bedrock is to auger through the soil cover. African Battery is augering holes every 25 metres to depths of up to 20 metres.  

As the loose weathered material is recovered by the auger, an XRF Olympus gun will pass over the material. XRF readings are helpful and provide the geologist with instantaneous feedback on metal content.  The XRF, however, is not definitive and is therefore used only as an early identification tool.

Meanwhile, the company continues to evaluate other opportunities, and retains the option over a second licence, Sakania. This license will be investigated when the wet season abates.

African Battery Metals is also aware of other licences which are potentially available, some of which have had geological work already completed on them and which confirm copper/cobalt mineralisation. The company believes that it may be able to acquire such licences for a modest and deferred front end fee, or to earn a majority stake through funding exploration.

At the Ferensola gold project in Sierra Leone, a surface soil sampling programme of artisanal gold workings has been completed.

Discussions on a farm-out of Ferensola continue and there have been several expressions of interest and a number of companies have signed NDAs and are in the dataroom.

 

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