Copper
Resources is the holding company of a group of mineral
exploration and development companies which own three
properties with total recoverable resources of 7.2 billion
pounds of copper. The Company plans to enhance shareholder
value with the development of these properties.
The Group owns a 75% interest in Minière de
Musoshi et Kinsenda (MMK), which holds three
high-grade deposits in the Katanga Province of the
Democratic Republic of the Congo. The Kinsenda
and Musoshi deposits are both currently flooded and
require dewatering prior to restarting operations
and Lubembe is an exploration property with high potential.
All three deposits have been previously drilled and
are estimated to contain 5.3 billion pounds of copper.
The Group also holds a 92.5% economic interest in
the Hinoba-an Project, which is located on Negros
Island in the Philippines. A significant amount of
exploration and metallurgical testwork has been undertaken
on the Hinoba-an property and previous studies indicate
that approximately 2 billion pounds of copper could
be profitably mined by open pit.
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