Australia's Africa-focused miners Albidon Ltd and African Energy Resources have jointly discovered more uranium deposits in southern Zambia, Albidon said in a statement on Wednesday. Albidon said the new uranium targets were confirmed by soil sampling at the Gwabe prospect and that drilling would start in June.
The discovery adds to previous finds of huge uranium deposits in this mineral-rich southern African country, which is yet to give mining licences to foreign firms to mine uranium while it awaits mining and storage guidelines from the International Atomic Energy.
"A geochemical soil sampling survey undertaken at the Gwabe Prospect has confirmed the presence of uranium anomalies in soils overlying prospective Karoo sedimentary rocks," Albidon said in a statement. "Drilling at Gwabe is scheduled to commence next month," it added. Albidon also plans to start mining 8,600 tonnes of nickel per year starting in 2008 at its Munali mine in Zambia, as well as 1,400 tpy of copper, 400 tpy of cobalt and 15,000 ounces of platinum group metals.
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