Mukuba Resources to Acquire Benzu Copper Assets in Katanga Copper Belt

Mukuba Resources Limited (TSXV:MKU) announced that it will acquire copper assets held by Benzu Resources in the Katanga Copper Belt of the DRC in return for shares.

As quoted in the press release:

Benefits of the Transaction to Mukuba shareholders include:

• Project Consolidation. Cominex Project ownership will increase from 23.8% to 70.0%.

• Complimentary Asset Base. In addition to consolidating the Cominex Project, New Mukuba will acquire interests in the Lubudi East and Lubudi North copper projects in the Katanga Copper Belt of the DRC. New Mukuba will retain its Zambian copper interests.

• Experienced Operating Team. Benzu Resource’s operating and executive team, with decades of exploration and development experience in sub-Saharan Africa, will join New Mukuba and operate the in-country exploration programs in both DRC and Zambia.

Mukuba’s Chairman, John Hawkrigg, said:

We are delighted to consolidate a 70% interest in the flagship Cominex Project in addition to securing the Lubudi East and Lubudi North properties for the benefit of Mukuba shareholders.

To view the whole press release, click here.