Deep-South Resources Inc. DSM.V
Sector: Mining/Base Metals
Focus: Copper
Key Points:
Quality resource based on substantial drilling and exploration since the 1970s drilling to date including 66,000m of drilling, metallurgical tests, geophysical surveys, geo-chemical sampling, mapping, modelling, resource estimates and a feasibility study. 10,000m drill program announced for early 2021
Flagship Project:
Haib Copper Project Karas region, Namibia (Africa)
10,000M Drill program announced for early 2021 with drills currently en route to site.
Expansive 370 km2 property which is part of the largest known copper porphyry in Africa.
Historical exploration work valued at US$35 million
Indicated: 3.1B lbs of copper resource to date (2021/01/01)
Inferred: 2.2B lbs of copper resource to date (2021/01/01)
In proximity of all essential utilities: paved roads/highway, national power grid, water supply & well-serviced local towns.
Processing plant to be located 4 km from the mine site.
Deposit is defined by diamond core drilling covering a surface area of 2.6 km2
Well documented historical drilling dating back to 1970.
Future Feasibility Study program (2022) will include:
Up to 12,000m of infill drilling in the high-grade areas to define the average grade of the area, to estimate a measured resource; this allows for the potential of a much higher mineral resource/grade estimate.
Geology/mineralogy of the property contains simple ore that is highly compatible with bio-heap leaching.
Results indicate copper recoveries of up to 96% are possible.
Overall recoveries of 80% to 82% are very achievable.
Bio-heap leaching significantly reduces extraction costs associated with mining up to 3-4x.
Ranked 1st in policy perception amongst African countries (14th globally) in the 2019 Fraser Institute Mining Survey (friendly jurisdiction).
Key Shareholders:
TECK resources 21%
Management and directors 19%
Total 40%
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