Western Foreland Copper Project, Northwestern Zambia

Western Foreland Copper Project

The Western Foreland Project comprises large scale exploration licence 28001-HQ-LEL in Northwestern Zambia and is prospective for Kamoa-style copper mineralisation. The licence is 52,000 hectares and runs along the Angolan-Zambian border where it is closely associated with the perceived Western Foreland geological district boundary that is potentially host to Kamoa – Kakula deposits.


The licence has received very limited historical exploration to date, and the company wishes to rapidly advance towards drill ready targets.

Figure 1 Location of the Western Foreland licence 28001 in northwest Zambia

Figure 1. Location of the Western Foreland licence 28001 in northwest Zambia

Joint Venture Agreement
On 5 September 2023 Galileo announced that it had entered into a joint venture agreement with Cooperlemon Consultancy Limited, with the option to earn a 65% interest in the Western Foreland Project by committing to an exploration expenditure of no less than US$750,000 within the first 18 months of the agreement.


Geology, location and prospectivity
Ivanhoe Mine’s Kamoa-Kakula copper mine is projected to become the third largest copper-complex globally under new expansions, ranking among the world’s top 10 copper deposits on size and grade. The style of mineralisation and associated geology and structure responsible for the Kamoa-Kakula complex is potentially projected to extend into the North-West Zambia, heightening exploration interest in the area. The licence is underlain by the favourable Western Foreland succession which is associated with Kamoa-style mineralisation.


The company plans to undertake Phase 1 exploration within the period by way of a reconnaissance campaign of mapping, soil geochemistry, geophysics and drilling, building towards discovery and definition of a new Mineral Resource.


If the Phase 1 exploration results are successful and prove the continuity of mineralisation at grades suggesting the potential for the future development of a Mineral Resource of not less than 500,000 tonnes of contained copper, consistent with economic recovery at the depth of discovery with a minimum internal rate of return of not less than 25% and a payback period not exceeding 42 months (including the recovery of capital expenditure), then there will be a second two year exploration period.


The Phase 2 exploration expenditure of US$1.5 million will be funded by Galileo who will be the operator of the Licence for the duration of the Agreement.


Refer to the news announcement of 5 September 2023 for fuller details of the terms of the Joint Venture Agreement.