The Lubu Coal Project covers 19,236 hectares of the highly prospective Karro Mid Zambezi coal basin in the established Hwange mining district in north-western Zimbabwe. The project has an initial modelled in-situ seam tonnage of 786 million tonnes.
CGH is currently evaluating opportunities to move forward with these development plans and will update the market in due course with further updates.
CGH owns a significant interest in the 16,545 hectare Lubimbi Coal Project in the Gwaai area of the Kariba Coal Basin. Historical work has indicated an in-situ coal tonnage in excess of 1 billion tonnes, and drilling campaign conducted by the Company on a small area of the licence has suggested an initial in-situ tonnage of 550 million tonnes contained within the six main seams. With approximately 90% of the licence area remaining untested, CGH believes that there is strong potential for the total tonnage of the entire area to be considerably increased.