First Quantum exercises its option over two Zambia copper licences

Copper miner First Quantum Minerals (FQM) has delivered a formal notice to exercise its option over two out of the four licences covered by the option agreement with London-listed exploration and resource development company African Pioneer's (AFP's) 80%-owned subsidiary African Pioneer Zambia.  The notice was issued on October 20, after the option agreement between the parties was initially announced on January 20, 2022.