GICC SARL owns several concessions in the Lualaba Province as well as in the Haut Katanga Province. Both Provinces known previously as Province of Katanga which is the richest Province of the Democratic Republic of Congo because of its mineral resources geographic positioning in the Copper-belt area.
GICC SARL owns the following concessions:
In 2011, GICC acquired PR 12198 and 12112.
In 2013, GICC signed a Joint Venture agreement with Regal Resources (Nzuri Copper), an Australia Mining company and Traxys, a Luxemburg based commodity trading company for their permit 12198 in which GICC kept 40% shares in Kalongwe Mining
In July 2016, GICC sold 13% of its shares to Nzuri Copper Resources for a consideration of 50% of the value and used the balance to purchase Nzuri’s shares to become the 3rd top shareholder in Nzuri Copper Resources. Nzuri’s stocks are traded in Australian Stock Exchange (ASX-NZC)
In July 2016, GICC also transferred 2% shares to the Democratic Republic of Congo as per DRC mining code requirements when converting a Research Permit to an Exploitation Permit
In November 2016, GICC sold an additional 15% shares to Nzuri Copper Resources and kept 10% control of Kalongwe Mining SA
The Kalongwe project completed a 6800m drilling program in two phases and has embarked now on the Bankable Feasibility Study. In July 2016, Regal completed the acquisition of 30% of Traxys shares and 13% of the GICC shares to become the majority shareholder
So far, preliminary results from the ALS Laboratory indicates good mineralization with JORC Inferred Estimate of 302 000 Tons of CU @2.7% and 42 700 Tons of Co @0.57%
There is a project pipeline to undertake a full mechanized exploitation in this Perimeter as well as a full exploration program on the 400Km2 of concession that is part of the JV between Ivanhoe and Regal Resources
In 2016, GICC acquired additional 5 Research Permits. Four of the concessions lie in the series of mines (PR 803, 804, 805 and 806), with the same formation as Tenke Fungurume Mine. One of the concession (PR707) in situated in the Grand Conglomerate with similar formation as Kamoa Copper
In January 2017, GICC has signed a NDA with MSA Group (The MSA Project) and has passed its concessions’ data for analysis and evaluation. With MSA’s Turn-Key Exploration Service, GICC would like to first be advised the best way to tackle their exploration program and then to execute such a program that leads to certification of the reserves
The MSA Group, Africa’s leading mineral exploration and evaluation consultants, has been a trusted service provider to the Mining Industry for over 30 years.
The MSA Group has an extensive knowledge of exploration environments and provides comprehensive expertise to design, implement and manage exploration projects safely, on time and within budget.
MSA Group services required by GICC includes but not limited to:
- Prospectivity Assessments and targeting
- Geological and Structural Mapping and Modelling
- Remote Sensing
- Programme Design and Project Management
- Turn-key Exploration Services
- Management of Drilling Programmes