RCS - Blaze Metals FZ - BLAZE METALS GRANTED CRITICAL MINERALS PROJECT
22/10/2024 17:45
For best results when printing this announcement, please click on link below: https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241022:nRSV1827Ja&default-theme=true RNS Number : 1827J Blaze Metals FZ - LLC 22 October 2024 Blaze Metals Resources Granted Major Exploration License by the Ministry of Mines and Mineral Development of Zambia Lusaka, Zambia, 22-10-2024 - Blaze Metals Resources Limited has achieved a significant milestone with the granting of a large-scale exploration license by the Ministry of Mines and Mineral Development, Government of the Republic of Zambia. The newly issued license, numbered 36066-HQ-LEL, authorizes the company to explore an area of 17,670.5881 hectares in Mansa District, Luapula Province, for a period of four years. The exploration program will focus on discovering valuable mineral resources such as aquamarine, manganese, copper, iron ore, cobalt, rare earth elements, tourmaline and zinc. This initiative is expected to lead to full-scale mining operations, providing benefits to local communities and contributing to the national economy. Ambitious Exploration Program Blaze Metals Resources has outlined a robust exploration plan that will involve a series of activities including: · Geological mapping · Geophysical and geochemical analyses · Sampling · Electromagnetic conductivity studies · Drilling operations The company will utilize modern, sustainable exploration methods that comply with international standards, ensuring minimal environmental impact. Strategic Expansion of Blaze Metal's Portfolio in Zambia's Critical Metals Zambia is well-known for its rich mineral deposits, including copper, cobalt, manganese, and nickel. While some resources remain underutilized, especially in regions like Luapula Province, Blaze Metals Resources sees significant potential for large-scale mining development in the Mansa District. The district, predominantly known for agriculture, has seen small-scale manganese mining activities, but the new exploration efforts are set to elevate the mining industry to new heights. Economic and Social Impact The exploration project is anticipated to provide numerous economic and social benefits to the Mansa District. Upon the discovery of commercially viable deposits, the transition to full-scale mining will create employment opportunities, foster skills transfer, and stimulate local economic growth. The initiative will also contribute to infrastructure development and boost government revenue. Commitment to Environmental Compliance Blaze Metals Resources is dedicated to conducting its activities responsibly and sustainably. In line with Zambia's environmental regulations, the company has prepared an Environmental Project Brief (EPB) as required by the Environmental Protection and Pollution Control (Environmental Impact Assessment) Regulations, SI No. 28 of 1997, and the Environmental Management Act No. 12 of 2011. The company remains committed to strict compliance with legal standards to protect the environment. About Blaze Metals Resources Limited Blaze Metals Resources Limited, based in the United Arab Emirates (UAE), is a leading exploration and mining company with a strong focus on sustainable resource development across Africa and beyond. The company leverages advanced technologies to identify valuable resources while maintaining a strong commitment to environmental stewardship. For further inquiries, please contact: Blaze Metals Resources Limited Website (https://blazemetals.ae/) Email: info@blazemetals.ae This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NRAUUOVRSUURUAA