Mining companies Kula Gold and African Rare Metals have established the Wozi Niobium Project, a joint venture (JV) focused on niobium and tantalum exploration in Malawi.
The JV has applied for an exploration license, with the Malawi Mining and Minerals Regulatory Authority recommending its approval, according to Kula Gold.
“Amid a robust global gold market, Kula has identified the Wozi Niobium Project as a very interesting high impact, low-cost niobium/tantalum opportunity to add to the Company’s portfolio while advancing the flagship Mount Palmer Gold Mine near Southern Cross WA,” said Ric Dawson, Managing Director, Kula Gold.
Fieldwork and sampling are scheduled for Q1 2025, followed by geological mapping and a $100,000 drilling campaign in Q2 2025.
Kula Gold holds a 75% interest in the JV, while African Rare Metals owns 25%.
