Katoro sees potential for large-scale development opportunities at Haneti
Aim-listed Katoro Gold has identified precious, base and strategic metal prospectivity within the boundaries of its Haneti project in Tanzania, and the board is of the opinion that the project is capable of delivering a number of discrete large-scale exploration and development opportunities.
Katoro executive chairperson Louis Coetzee on Tuesday said the project area was about 5 000 km2 in size and represented an interesting exploration opportunity.
He added that the company was developing approaches to capitalise on its value.
Haneti is a polymetallic system with identified potential for nickel (sulphide and laterite), platinum group metals (PGMs), copper, gold, lithium and rare earth elements (REEs).
The principle target zone is an 80-km-long ultramafic belt with grades from surface sampling of up to 13.6% nickel and 2.33 g/t combined platinum and palladium.
Nickel and palladium have experienced significant price strength of late, with nickel now trading at about $17 600/t and palladium at $1 637/oz.
Within the ultramafic belt is the principal target, Mihanza Hill, where 2015 geophysical work identified significant extensions to nickel sulphide prospective target rock formations and geochemical interpretation has identified prospectivity for chonolith type nickel/copper/PGMs mineralisation.
Mihanza Hill is believed, based on desktop work undertaken, to have the potential to host a similar style of mineralisation to Sipa Resources’ Akelikongo nickel project, in Uganda.
Also, within the Haneti licence area there is identified greenstone gold potential to the west, where there is extensive artisanal gold mining in an area a few kilometres to the east of Shanta Gold’s 700 000 oz Singida project.
Moreover, the project has the potential for lithium, tantalum, niobium and REE mineralisation demonstrated by host pegmatites in an area where sampling has returned a high-grade sample of 2.6% lithium and strongly anomalous results in niobium and tantalum.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation