Jagoda Tourmaline Redevelopment Project (Zambia)

  • The Gemological Institude of America’s coloured gemstone courses describe the Jagoda mine as one of the top 3 Tourmaline deposits in the world.
  • 3% of the resource are high quality premium grade Tourmalines, including red Rubellites that command a very high price.
  • c. 425 mm carats measured and indicated Tourmaline gemstone resources (included 128 mm carat measured resources) with an upside case of 1.8 billion carats, including additional deposits identified on the licence.
  • Very low capex and opex project with first production in c. 6 months

Jagoda Manganese (Zambia)

  • High concentration (52%) Manganese deposits on surface have been identified on the Jagoda licence suitable for use with EV and storage batteries.
  • Volumes of Manganese situated on the Jagoda licence area are currently being measured. Preliminary estimates suggest inferred resources of 4-16 mm metric tonnes of manganese ore distributed over c25% of the licence area. Average Mn ore grade purity of 52% (range = 40%-65%).
  • A marketing and sales agreement will be completed imminently with an established metals trading firm to monetise the manganese ore.
  • Very low capex and opex project with first production in c. 3 months.

Location of Jagoda License Area

Path will own a 75% interest in the Jagoda licence which is located in Central Zambia at a distance of about 300 km from Lusaka.

 

The mine has been exploited from 1995 to 2004 to a depth of about 15 metres, generating recorded sales of 214 mm carats of Tourmaline. Historical sales show that 3% of the resources are high quality premium grade Tourmalines including, red Rubellites that command a very high price.

 

The Jagoda Tourmaline Redevelopment Project consists in extending the existing pit to a depth of 35 metres to access 425 mm carats of measured and indicated Tourmaline gemstone resources, with an additional 195 mm carats inferred resources. Two other Tourmaline deposits have been identified on the Jagoda licence with an additional 1.2 billion carats Tourmaline gemstone inferred resources.

 

Sales will be conducted through auction processes, with annual sales expected to progressively reach 35 mm carats.