Islamabad:
National Resources Limited (NRL) announced the discovery of gold and copper reserves in Chagai Balochistan.
NRL Chairman and Chief Executive Officer of Lucky Cement, Muhammad Ali Taba, announced this while addressing the presence of Prime Minister Shahbaz Sharif and Chief of Army Staff General Asim Munir at the Pakistan Minerals Investment Forum 2025.
It should be noted that the NRL is a 100 % private -owned Pakistani company, which is subsidized by Fatima Fertilizer, Liberty Mills Limited and Lucky Cement. The company was given an Explororation License in October 2023.
Mohammed Ali Tiba said that 16 potential reserves have been identified in the last 18 months under the possibility of presence of precious minerals in a 500 -kilometer licensed area, of which advanced drilling work has been started at Tang Kaur.
The NRL has so far completed 13 Diamond Drill Hole (3517 meters), which detects mineral reserves in all drill holes. The analytical results of the early 6 drill holes (1500 m) confirms strong mineral zones near the ground level.
According to the results of the initial drilling, the copper in the drill hole is 0.23 percent to 0.48 percent, gold is 0.09 grams per tonne to 0.14 grams per tonne and silver is from 1.30 grams to 6.21 grams per ton, which is jointly equivalent from 0.28 percent of copper to 0.56 percent.
Advanced drilling in the Tang Corps is scheduled in May 2025, which will result in a NI 43-101 technical report through international consultants by the end of the year, which is already overseeing the project. After that, detailed exploration of 3 to 4 years and then feasibility studies will be completed while exploration will continue in other places.
In addition, the NRL has obtained a license for the lead-Zinc Explorus adjacent to a well-known mineral mine, where a bankable feasibility study has been completed. The company is also working on a comprehensive metal value chain study to thoroughly review the possibility of downstream processing.
The NRL considers the local population to be the most important stakeholders and is actively providing social development support through clean water, education, health, and local employment or business. According to the company, the current proportion of local jobs is more than 90 %.
The NRL, with the Government of Balochistan and the Special Investment Facilitation Council (SIFC), is active in obtaining two additional copper Explorion licenses with the support of the $ 100 million Exploration Fund in Balochistan. The NRL has signed a Memorandum of Understanding with the Oil and Gas Development Company (OGDC) to work on a new lease, as well as the NRL intends to include national and international investors in the project in the future.
The company says that we thank the Government of Balochistan and the SIFC and the company is committed to mineral development in Balochistan, which will pave the way for the exploration under the leadership of the country. We are convinced that with the continued support of the Government of Balochistan and SIFC, more domestic companies will join the mining sector, which will advance the improvement and development of Balochistan and Pakistan.
