Latest Zambia News

Prospect Resources has reported its first Phase 3 infill assays from Nyungu Central, including 18 metres at 1.31% copper, while extensional drilling continues to identify broad mineralisation beyond the existing resource. Twenty Nyungu Central assay results remain pending as the company advances toward a Q1 2027 Mumbezhi Scoping Study.

Patriot Resources has established a 31.4 million-ounce silver-equivalent inferred resource at its Tassa project in Peru, but the company's annual report warns that further capital raising is required to sustain operations. The explorer recorded a $4.82 million loss and remains dependent on final drilling approvals.

Prospect Resources has taken its flagship Mumbezhi Copper Project to 208.1 million tonnes, while lifting ownership to 90% and securing A$45 million for the next phase of work. The project remains pre-production, leaving the upcoming Scoping Study and further drilling to convert geological scale into an economic case.

Atomic Eagle has formally executed the Mining Convention for its Madaouela uranium project in Niger, securing the legal, fiscal and operational framework for the asset. The agreement also triggers steps to end historical arbitration proceedings, while a US$5 million payment and a targeted JORC resource update now sit ahead of the company.

AuKing Mining has reported a 50-metre interval grading 2.03% TREO from surface at its Tundulu rare earths project in Malawi. The result, from drilling about 400 metres west of earlier holes, supports a broader near-surface mineralised footprint but remains exploration-stage evidence.

Prospect Resources has expanded drilling at Nyungu Central after returning a 27-metre copper intercept outside the existing resource, while maiden drilling at Sharamba confirms a new copper discovery. The results add momentum to Mumbezhi’s growth story, but most Phase 3 assays remain outstanding and no resource update has yet been made.

Atomic Eagle has identified broad interpreted uranium zones at two early-stage exploration targets in Zambia, including a 600m by 200m zone at Muntanga North Target 5. The company still needs follow-up drilling to establish whether the mineralisation is continuous and significant enough to support resource growth.

Atomic Eagle’s largest shareholder has irrevocably committed to exercise 35.1 million options, giving the uranium developer a potential $10.9 million cash injection before the options expire. The company says the proceeds could fund its Zambia and Niger growth strategy through 2028 without near-term equity financing.

Atomic Eagle has re-established a 60% interest in Niger’s Madaouela Uranium Project, adding 116.5 million pounds of uranium resource to its portfolio alongside its flagship Muntanga asset in Zambia, creating a substantial dual-asset platform.

Patriot Resources has locked in a $3 million placement to fund exploration at its flagship Tassa silver-gold project in Peru and a new copper discovery in Zambia, underpinning its strategy to grow high-grade mineral resources.

AuKing Mining has pushed its first diamond drill hole at the Tundulu Rare Earth Project in Malawi well beyond initial plans, intersecting carbonatite to 510.6 metres and suggesting a larger and deeper intrusive complex than previously mapped.

A2MP Investments FZCO has kicked off an off-market takeover offer for the remaining 44.44% of Canyon Resources shares it does not already control, valuing the company at about A$103 million equity and A$188 million enterprise value. The bid comes amid deteriorating project economics and funding challenges for Canyon's Minim Martap Bauxite Project.