ZCCM-IH Investee Maamba Collieries Granted Exploration Licenses

ZCCM Investments Holdings Plc (ZCCM-IH) announced that Maamba Collieries Limited (MCL), in which it holds a 35% share, has been granted two Large Scale Exploration Licenses. These licenses cover the exploration of Lithium and other minerals, including amethyst, aquamarine, tantalum, and tin, in the Southern Province of Zambia.

MCL plans to start exploration promptly to determine the presence of these minerals within the license areas. The licenses are valid for four years, during which detailed exploration will be conducted to identify mineable resources and quantify reserves if applicable. The exploration sites are approximately 100 km southwest of MCL's existing coal mine in Maamba.

This initiative is part of ZCCM-IH’s 2020-2026 strategic plan to diversify its mineral commodity base, particularly targeting critical battery metals like Lithium.