The Kisinka licence is a solid base on which to grow ABM's battery metals business.
It is a 50km² licence with 7km of strike along the Roan group of rocks, which hosts most of the DRC’s copper and cobalt mines. There are many large cobalt-copper mines in area, both on strike and in the same rock structure, to the west.
Pits on the licence show mineralisation reported by independent geologist at up to 2.5% cobalt (based on hand held Niton XRF analyser).
There are large areas of bulbostylis vegetation observed on licence; this type of vegetation is strongly associated with cobalt-copper mineralisation in the region.
Shallow mineralisation makes for low cost exploration (trenching, pitting, etc.) and potential for near term small-scale mining. Small-scale mechanised artisanal miners were encountered on recent site visit, preparing to mine on several locations on the licence.
There is a cobalt "land-grab" ongoing in the area, leading to increasing competition for licences.