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Fe Limited intersects ‘unexpected’ cobalt mineralisation in DR Congo project

By Oscar Nkala

Australian miner Fe Limited (FEL) has reported the intersection of “unexpected” cobalt mineralisation in a drill hole testing for copper at its Kasombo Copper-Cobalt Project in the Democratic Republic of Congo.

FEL completed preliminary reverse circulation drilling operations at the Kasombo 5 and Kasomobo 7 prospect areas late in December 2017 and early in January 2018 respectively.

Company chairman Tony Sage said although drilling was abandoned before reaching the copper target, it had already  intersected a 15m thick, low-grade mineralisation zone that yielded an average of 1 670 ppm (parts per million)  cobalt.

“I am pleased to see that the early results of the preliminary drill program continue to support our high hopes for this (Kasombo) project,” Sage said. The project lies within the Katanga Copper Belt in the Lubumbashi area of the eastern DRC.

It is made up of three mineralised areas located within two mining licences. Apart from the DRC, Fe Limited has active copper mining and exploration operations in the Bryah Basin of Western Australia.

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