Latest Zambia News

Tombador Iron Limited reports a quarterly loss amid a strategic acquisition of GoviEx Uranium, signaling a pivot to uranium exploration and a rebrand to Atomic Eagle Limited.

Prospect Resources has agreed to sell its Step Aside Lithium Project in Zimbabwe for up to US$2.2 million, marking a strategic shift to focus on its larger Mumbezhi Copper Project in Zambia. The deal includes upfront and milestone payments tied to the buyer's development progress.

Tombador Iron Limited is set to transform into Atomic Eagle Limited through its acquisition of GoviEx Uranium Inc, creating a new ASX-listed uranium explorer focused on Africa’s Muntanga Project. A capital raise of up to A$10 million will underpin this strategic pivot.

Orpheus Uranium has advanced its exploration agenda by finalizing multiple Native Title Mining Agreements across South Australia and the Northern Territory, while strategically acquiring the Oobagooma Project in Western Australia to diversify its uranium asset base.

Patriot Resources has significantly expanded the surface copper footprint at its Kitumba Project in Zambia following the completion of 344 metres of trenching, with assay results and geophysical surveys set to refine future drilling plans.

Patriot Resources has validated high-grade copper mineralisation at its Kitumba project in Zambia and discontinued its Sugarloaf option, refocusing capital on core assets while planning 2026 drilling backed by ongoing capital raise talks.

Moab Minerals has upgraded its Manyoni uranium project resource estimate by 25%, enhancing its uranium inventory and advancing plans for low-cost mining. The company also expanded its portfolio with a new copper-gold acquisition in Zambia, signaling a strategic diversification.

Minbos Resources has entered a binding agreement with Talus Renewables to develop the Capanda Green Ammonia Project in Angola, aiming to supply both European and African markets with competitively priced green ammonia.

Prospect Resources reports significant progress at its Mumbezhi Copper Project, with Phase 2 drilling nearing completion and metallurgical tests confirming robust processing potential. Updated resource estimates are expected by late Q4 2025.

Noronex has kicked off a significant 3,000-metre drilling campaign at its Cgae Cgae Copper Project in Botswana, aiming to unlock copper deposits concealed beneath Kalahari sands. This move, backed by a strategic partnership with South32, targets a largely unexplored region with geological parallels to Africa’s prolific copper belts.

Prospect Resources has extended the strike length of its flagship Nyungu Central deposit beyond 1.5 km, revealing significant copper and gold mineralisation. Final assay results from Kabikupa and ongoing exploration set the stage for a late 2025 resource estimate update.

Moab Minerals is set to acquire full ownership of Imbas Mining, unlocking rights to earn up to 80% of the Sasare Gold and Copper Project in Zambia, a site with notable historic gold production and promising copper targets. The acquisition paves the way for an initial exploration campaign targeting both gold and copper mineralisation.