Drilling confirms proof of concept at African Pioneer, FQM’s Zambia JV

Exploration and development company African Pioneer has provided an update on exploration conducted and funded by First Quantum Minerals (FQM) during the six-month period to December 31 over licences in Zambia, with drilling confirming proof of concept that licences are in the right lithology confirming Congo-style mineralisation. The licences are within both the fold and thrust belt and Western Foreland, and are covered by the option agreement entered into by African Pioneer and FQM and which are held by African Pioneer’s 80%-owned subsidiary African Pioneer Zambia.