Getech, a world-leading locator of subsurface resources, is
pleased to announce the launch of a comprehensive data package in
support of mineral exploration in Zambia. The launch of the data package is in
response to commercial requests and follows the Zambian
government's decision to rationalise exploration licenses
throughout the country and is designed to support companies looking
to apply for new licenses in order to explore Zambia's mineral rich subsurface.
LONDON, July 26,
2024 /PRNewswire-PRWeb/ -- Getech, a world-leading
locator of subsurface resources, is pleased to announce the launch
of a comprehensive data package in support of mineral exploration
in Zambia. The launch of the data
package is in response to commercial requests and follows the
Zambian government's decision to rationalise exploration licenses
throughout the country and is designed to support companies looking
to apply for new licenses in order to explore Zambia's mineral rich subsurface.
Through its integrated geological and geophysical data, the
package enables innovative exploration techniques, streamlines
mineral location workflows and provides a competitive edge to
companies exploring for mineral resources across Zambia. Leveraging Getech's geoscience and
subsurface expertise, as well as best-in-class geophysical and
geological data, the data package is an invaluable resource for
companies aiming to capitalise on new mining opportunities across
Zambia.
Richard Bennett, CEO at Getech,
commented:
"Zambia still holds enormous
potential for future significant discoveries of critical minerals
that are vital for the energy transition. The new government led by
His Excellency President Hakainde Hichilema, is creating a fresh
business environment for international investors to develop the
sector. This includes a key aim of growing the country's annual
copper production from 770,000 metric tonnes (mt) in 2022 to 3mn
(mt) by 2030. Getech's data package will help accelerate
identifying areas of interest, making it an essential prerequisite
for any mining company looking to acquire mining licences in
Zambia."
Background
The Zambian Mining Licensing Committee recently announced the
cancellation of 2,605 licenses due to non-compliance with the
conditions of grant for mining and non-mining rights. Rights
holders had until 1 May 2024 to
appeal. Following the review of appeals, these cancellations are
expected to take effect, making the licenses available for new
applications. This initiative is part of the government's ongoing
efforts to streamline the mining sector and ensure compliance with
regulatory standards, creating new opportunities for companies to
acquire exploration rights in some of the country's most promising
mineral-rich areas.
Zambia is a prime destination
for mining exploration, boasting vast reserves of copper, cobalt,
gold, nickel and uranium. With a century-long mining history,
Zambia stands out for its strong
infrastructure and skilled workforce. In 2023, the country's mining
sector attracted $3.4 billion in
investment commitments, doubling the pledges made in 2022. The
International Energy Agency's Global Critical Minerals Outlook 2024
highlights Zambia's development of
a critical minerals strategy and a recent cooperation agreement on
critical minerals with the Democratic
Republic of the Congo. Additionally, China has proposed a $1
billion project to upgrade the Tazara railway, connecting
Zambia's copper belt to the port
of Dar es Salaam in Tanzania,
developments further enhancing Zambia's attractiveness as a region for
mineral exploration.
Getech's Zambian Data Package for Mineral Exploration
comprises:
- Geophysical Data: Gravity and magnetics data, lithospheric
thickness, structural interpretation, structural reconstruction
models and tectonic history. Getech's Zambian magnetic data
includes reprocessed legacy surveys from the African Magnetic
Mapping Project which have been IGRF-corrected, levelled, adjusted
to a 1 km drape height, merged and gridded at a 1 km cell size.
Getech's Zambian gravity data includes data from over 6,000 gravity
stations which have been harmonized; re-processed by Getech's
potential field experts to create bouguer anomaly, isostatic
residual anomaly and several derivatives of the isostatic residual
anomaly; and gridded at a 4 km cell size.
- Satellite and Earth Observation Data: Decorrelation stretches;
Advanced Spaceborne Thermal Emission and Reflection Radiometer
(ASTER) images re-processed and delivered with a suite of Mineral
Indices maps; Digital Elevation Models (DEMs); vegetation and
land-use maps; as well as drainage and catchment area maps.
- Globe Geoscience Data – Zambia Focus: Comprehensive coverage of
Globe's rich geologic knowledgebase for Zambia, including detailed data on geologic
structure, crustal architecture, Depth to Basement (D2B) and
paleoclimate models.
- Geological Data: Mineral occurrences, lithology and geology
maps and reports.
- Expert Support: Getech's team of experienced geoscientists is
available to provide expert support and consultation, helping
companies to maximise the value of the data and optimise their
exploration strategies.
Click here for more details of the Zambia Data Package.
Media Contact
Giancarlo Villani, Getech, 44
7874950060, giancarlo.villani@getech.com, www.getech.com
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SOURCE Getech