
Deals4 Mar 2025, 12:01 am
Nava Ltd's Zambian Subsidiary Secures Extension for Large-Scale Exploration License
AI Summary
Nava Ltd's Zambian subsidiary has been granted an extension for a large-scale exploration license from the Government of Zambia. The exploration license, originally 4358.8 Ha, has been extended to 7566.2614 Ha. The subsidiary is exploring for minerals in four different locations, with detailed drilling and exploration envisaged over the next three years. The minerals include magnetite, iron ore, lithium, amethyst, aquamarine, and tantalum. The company has two exploration licenses in the Kalomo district, one in the Mumbwa district, and one in Cote d'Ivoire.
Key Highlights
- Nava Ltd's Zambian subsidiary secures extension for large-scale exploration license
- Exploration license extended from 4358.8 Ha to 7566.2614 Ha
- Detailed drilling and exploration for magnetite, iron ore, lithium, amethyst, aquamarine, and tantalum
- Exploration to take place in four different locations in Zambia and Cote d'Ivoire
- Exploration envisaged over the next three years