Nambunju Nickel Project

Overview

The Nambunju project is 100% owned by Daresa Investment Ltd , a Tanzanian exploration and mining company , with a set of exploration tenements mainly in southern Tanzania, approximately 200km west of the port city of Mtwara and 300 km south of Dar es Salaam, the country’s main business center.

The project lies within the late Proterozoic aged Mozambique Belt in a geological setting similar to the Ntaka Nickel Intrusion project approximately 60 kms south , in which exploration identified six separate, high grade magmatic nickel-copper sulphides zones with similar geological setting to Nambunju project.Daresa Investment Limited is focused on the exploration, discovery and development of Copper – Nickel sulphide deposits in geologically prospective, but under-explored area in souterh Tanzania . The Company is targeting an exploration program to outline potential areas of contained nickel for immediate project kickoff.

The Company also has an option evaluating potential adjacent copper – nickel licences .

Project Highlights

Mining Exploration and Development Plan are underway, through sampling, pitting and anticipated geophysical survey and drilling.
Current activity includes pitting to reveal the subsurface geological units, sampling through grab rock chips and geological mapping through traverses and will later initiate environmental and social impact assessments especially on the two northern Primary Mining licences .
Current visits have been able to get the proper overview of the licenses, Six PLs and 2 PMLs, both have shown a strong potential in samples and visited sites.
The Company intends to initially complete a 750 meters drilling program. The program will help identify areas with possible mafic and ultramafic intrusions which have potential to contain undiscovered nickel sulphide deposits , as previously interpreted on Total Magnetic Intensity map coupled with ground observations.
Of particular interest in the current program, are areas located in PL12573/2023 which have been sampled and provided grades close and above 1% Nickel , iron 92% and copper 3649 ppm, where pit and grab sampling has been in 2023 in area of anomalies picked through interpretations of geology and TMI. Also areas within the New licences , PL/26252/2023 and PMLs 200394/SZ and 200404/SZ
Considering the current opportunity in the nickel market, which is reflected in an increasing nickel price, Nambunju Copper – Nickel project remains an asset of key value that can be rapidly progressed to meet this looming demand

Project Locations And Geology

The Nambunju Project consists of a large landholding located in southern Tanzania with significant opportunities for a resource of base metals, including nearby known occurrences of Ni, Cu, Au, and graphite.
Located within the wider Nachingwea Project area,
High-grade zones – recent drilling results reported.
Zones of known mineralization with intervals of up to 1.03% nickel.
Exploration search space within 45km by 50 kms significantly increased in recent exploration programs.

Why Invest In Nambunju Copper - Nickel Project?

Operating in the favourable geological belt , Mozambican belt , which is a reactivation of the highly mineralized regional Usagaran Belt of Tanzania .
In the Nambuju – Ntaka – Masasi corridor , several highly prospective occurrences of nickel , copper , graphite , gypsum and coloured stones occur along an 200 kms stretch to the Mozambican boarder and eastern Tanzania
Presence of continual active artisanal mining at Ntaka and other sites to the south and east of the project
Less exploited , with low costs of operations ,
Nickel has been a major target for BHP International in the past who explored the area in the early 1990 , ,
Highly knowledgeable workforce is plenty in the area , many had been working in the pre-existing mine
Power will be available soon as the power line crosses the project area ,
Water will be obtained from underground sources through drilling waterholes.

Licenses Coverage

Our Company hold guaranteed and recommended prospecting licenses in the Kilwa District within the Lindi Region of Tanzania. We possess six prospecting licenses that are undergoing exploration through extensive field mapping, geological mapping, drilling, and sampling activities. The prospecting licenses have shown potential for Nickel, Copper, and Iron in prospective areas on which covers a total area of 1031 sq. kms

Daresa Licences On Tanzania Mining Cadastral Portal

Daresa Licences On Tanzania Geological Map

Geology And Mineralization

The project lies within the late Proterozoic-aged Mozambique Belt in a geological setting similar to the Ntaka Nickel Intrusion project approximately 60 kms south. Exploration identified six separate, high-grade magmatic nickel-copper sulphide zones with a geological setting similar to the Nambunju project.
In general, within the Nambunju Nickel Project area, Mozambique Belt (MB) lithologies consist of a mixed assemblage of mafic to felsic granulites, gneisses, and migmatites (interpreted to represent volcanic protoliths) interlayered with amphibolites and metasedimentary rocks, including quartzites, banded magnetic quartzites, pelites, graphitic schists, and marbles. These lithologies are cross-cut by poorly documented mafic to ultramafic intrusions of unknown age, similar to the Ntaka ultramafic intrusion.
Recent drilling results reported low grades in mafic intrusives, with intervals of up to 0.3% nickel within wide intersections of disseminated mineralization.

Property Geology

Mineralization And Alterations

The Nambunju Hill mineralization is predominantly disseminated sulfides within orthopyroxenites and harzburgites. Sulfides show typical magmatic mineralogy and occur as isolated blebs and interstitial networks as well as in soft-walled segregation veins that form localized shoot-like high-grade zones,

The Ni-sulphide mineralization is laterally distributed in the NNE direction due to the presence of anomalous interpreted features and tend to increase as you head on. Also the nickel-sulphide mineralization form seems to be formed from 70m below or beneath the earth’s surface where by its percentage vary from 0.5% to 02% with depth as previous studies suggest.