Africa's mining spotlight Recently, there has been a mining spotlight on the resource-rich yet largely overlooked continent of Africa, especially on Mali, diversified and mining friendly jurisdiction and Africa's 4th largest gold producer as well as the DRC, one of the most resource rich energy metals countries in the world.
With assets in both Mali and the DRC, African Energy Metals' (CUCO.v NDENF) provides diversified exposure into a range of metals.
CUCO's upcoming polymetallic acquisition from Goviex (GXU) for its licenses, known as the Falea project, totalling 225 km2, has significant potential with an existing, NI 43-101 compliant, uranium, copper & silver resource.
The Falea Project is located in close proximity to B2Gold's (BTO) producing Fekola mine as well as IAM Gold's (IAM) Siribya Deposit.
CUCO additionally has an early mover advantage in the DRC and an extensive portfolio of lithium, tin, tantalum & rare earth properties with six, 100% owned and strategically located concessions in the southern DRC Copperbelt covering over 176 square km.
These concessions are located directly adjacent to Tantalex Lithium ($TTX.c) whose trend is believed to extend onto CUCO's land as well as in the same region as the world-class Alphamin ($AFM) tin mine which currently produces 4% of the world’s mined tin.
More on the acquisition: https://africanenergymetals.com/2023/02/23/african-energy-provides-an-update-on-mali-acquisition/
Posted on behalf of African Energy Metals Inc.