Quick return expected from base metals project

摘要

HAVING COMPLETED THE updated mining study on the high grade Kalukundi copper-cobalt SX-EW project in the Democratic Republic of Congo, Africa Resources Ltd now believes it could develop a mine inside of 18 months. The Canadian group owns a 75% stake in the project, with the DRC Government-controlled Gecamines holding the balance. Africo also must pay Gecamines a 2.5% royalty and 1.6 million Canada dollars per annum for the next four years.