EXPLORATION
The TSX-listed stock of Africa-focused explorer Ivanhoe Mining on Tuesday rose 12% after it announced that it had encountered more shallow, high-grade mineralisation at Africa’s largest copper deposit ever – the Kamoa-Kakula copper discovery, in the Democratic Republic of Congo (DRC). A new hole has intersected a shallow, 3.8 km extension (now known as Kakula West) of the Kakula discovery, essentially doubling the Kakula mineralised system to more than 10 km, while it remains open for expansion.
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