Categories: Zim Latest

New near-surface nickel, copper, platinum, palladium ‘discovered’ in Zim

File photo for illustration

Australia-listed Armada Metals, one of multiple explorers active in Zimbabwe says exploration has shown new near-surface nickel, copper, platinum and palladium mineralisation at its Bend prospect in the country.

According to the mining concern, the project has the potential to host high grades of Ni, Cu and PGEs, and that previous work may have failed to fully assess the potential of this historically-drilled deposit.

With the Bend Nickel Project in Zimbabwe, Armada has the right to earn into an initial 50% of the Bend Nickel Project, increasing to 80% via a two-stage earn-in process.

The Project covers an area of approximately 12km2, within which the Bend Nickel Deposit is located.

This follows Armada’s recently signed binding term sheet to acquire an 80% controlling interest in the Bend Nickel Project in Zimbabwe from Reliant Nickel Limited, a UK private limited company.

The earn-in to the Bend Nickel Project provides the Company control over a highly prospective nickel asset and area in Zimbabwe, with drilling commencing in Q3 2023.

With this transaction, Armada reinforced its commitment to expanding its nickel exploration portfolio to capitalise on the growing global demand for critical metals.

Zwnews

Share

Recent Posts

Nigerian Football Fans: The Most Passionate Supporters in Africa

In the vibrant tapestry of African football, one nation stands out for its fervent and… Read More

22nd February 2024

YADAH FC Secures Khama Billiat’s Signing, NO Dynamos Deal

YADAH FC is poised to introduce former Zimbabwean international, Khama Billiat, with an unveiling event… Read More

21st February 2024

Alleged Vehicle Smuggling Ring Involving State Agencies Uncovered in Zimbabwean Court Case

A recent court case has brought to light a covert operation involving the smuggling of… Read More

21st February 2024

Tiktok star Bobbi Athoff trending over alleged video leaks

Alleged Bobbi Athoff Leaks Circulate Online, Fans Suspect AI Bobbi has not yet responded to… Read More

21st February 2024

Woman Arrested for Posting Images of Child Shaving Nude Women on Social Media

The woman accused of posting her child waxing nude women on social media has been… Read More

21st February 2024

Khama Billiat’s Potential Move to Yadah FC Sparks Speculation in Zim Domestic Football…VIDEO

Yadah FC officials welcome Khama Billiat at Harare Airport Former Zimbabwe Warriors star Khama Billiat… Read More

21st February 2024