REG - Kendrick Resources - Option Exercise for Exploration Licence in Zambia

Kendrick ResourcesAnnouncement

29/09/2025 10:45

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RNS Number : 2169B  Kendrick Resources PLC  29 September 2025

 

 

 

 

29 September 2025

Kendrick Resources PLC

 ("Kendrick" or the "Company")

Exercise of Option for Exploration Licence in Zambia

 

Kendrick Resources Plc (LSE: KEN), the mineral exploration and development
company, is pleased to announce that, further to its announcement on 10 June
2025, it has exercised its option in relation to the acquisition of the Blue
Fox Licence, 34412-HQ-LEL located in northwest Zambia ("Licence") (the
"Agreement").  Accordingly, the Company is committed to spending not less
than USD500,000 on assessing and exploring the Licence area over the next 30
months.

 

Colin Bird, Executive Chairman of Kendrick Resources Plc commented: "We are
pleased to have exercised our option over the Blue Fox Licence which is
located within the External Fold and Thrust Belt in northwest Zambia a country
well known to the Board and where the Company has access to a large knowledge
base and experienced geological personal. The licence is highly prospective
and the External Fold and Thrust Belt which extends into the Democratic
Republic of Congo hosts the Tenke Fungurume and Mutanda mines.  As previously
announced, the Board continues to seek new resource project opportunities in
areas where the Board has expertise in, including Southern Africa, and is
currently also discussing with brokers and third parties to obtain financing
for this strategy.  We will keep shareholders advised on our progress with
this strategy."

 

For further information, please contact:

 Kendrick Resources Plc:     Tel: +44 2039 616 086

 Chairman                    Colin Bird
 Novum Securities            Tel: +44 207 399 9400

 Financial Adviser           David Coffman / Anastassiya Eley

 Joint Broker                Jon Bellis
 Shard Capital Partners LLP  Tel: +44 207 186 9952

 Joint Broker                Damon Heath / Isabella Pierre

 

 

 

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