Sign up Australia
Proactive Investors - Run By Investors For Investors
Why invest in ABM?
African Battery Metals: THE INVESTMENT CASE

African Battery Metals switches focus to cobalt in DRC

Kisinka, a 53 sq km block, so far has seen field mapping over a significant portion of the licence
electric car
Batteries for electric cars will need a lot of cobalt

African Battery Metals PLC (LON:ABM) has changed its name recently from Sula Iron & Gold PLC to reflect the new importance of cobalt in its portfolio.

At present, the Kisinka licence, near Lubumbashi in the DRC, is the focus and early stage exploration has just got underway.

ABM says it chose the DRC because the metal can be mined and processed without the challenges faced by developers with arsenic rich ore elsewhere.

Kisinka is also close to several large copper-cobalt producing mines.

Good address

Indeed, there are seven large mines within 25km of Kisinka, including two that account for 7% of the world's cobalt.  

Kisinka, a 53 sq km block, so far has seen field mapping over a significant portion of the licence and a satellite imagery report.

Watch: African Battery Metals to kick off Augur drilling programme this week at Kisinka

Soil sampling will be the next step with Grand Conglomérat the first target. It runs SE-NW on both sides of the Kisinka licence.

Auger drilling every 25m to depths of up to 20m is underway with any notable anomalies sent for assay testing.

A second licence, Sakania, will be sampled when the wet season abates.


Up until recently, ABM had focused on iron and gold exploration at Ferensola in Sierra Leone, where talks over bringing in a partner continue with several non-disclosure agreements in place.

Chief executive upbeat

Roger Murphy, chief executive, recently spoke to Proactive.

“At the moment, auger drilling is an attractive option given its relatively cheap, quick and we can drill up to a hundred metres a day.

“We feel we are in the right areas and in the right rocks and are optimistic of finding something that can take Kasinka forward.

“At Sankania, the way to think about it is as one of a number of possibilities.”

Two other groups with attractive licences have approached ABM, he added, and these might be available, maybe on even better terms.

Well away from DRC conflict zone 

“DRC undoubtedly is one of the more challenging [mining] jurisdictions, but bear in mind the country is the size of India.

“All of the conflict is in the Far East of the country and we are a thousand kilometres from that in the south near the Zambian border.

“That is where all the copper comes from. It is a much more stable area with a lot of companies already operating there.”

View full ABM profile View Profile

African Battery Metals Timeline

Related Articles

Sweden-focused Leading Edge Materials delivering in the high tech materials arena
October 06 2017
The group has just announced plans to list on the Nasdaq First North Stockholm...
picture of aeroengine
December 12 2017
“Nothing electronic would turn in the world if it wasn’t for tantalum.” It is, he says, “a very, very important product.”
lithium in periodic table
January 17 2018
Ironridge has an extensive West African and Australian exploration portfolio

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use