African mining companies are in a favourable position to benefit from the increasing global demand for mineral resources, due to the abundant mineral resources present on the continent. One such company that may be of interest is African Energy Metals (Tickers: CUCO.v or NDENF for US investors).
CUCO holds several concessions in the Manono region of the Democratic Republic of Congo (DRC), which in total cover 200 km2 and contain potential reserves of lithium, tin, tantalum, and rare earth elements (REEs). Large mining companies such as Tantalex Resources (TTX.v) and AVZ Minerals (AVZ) also own properties in the same area.
CUCO is expected to acquire the Falea Project in Mali, spanning 225 km2 and containing a significant uranium deposit with substantial copper and silver resources. While drilling and exploration activities have already yielded a promising Indicated Mineral Resource Estimate (see below), the property remains largely unexplored. Most ore zones remain open for further exploration and expansion.
For more information on African Energy Metals (CUCO.v or NDENF) check out their investors' deck here: https://africanenergymetals.com/wp-content/uploads/2023/02/African-Energy-Metals-Corporate-Presentation_2023.02.01.pdf
Posted on behalf of African Energy Metals Inc.