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    Makor Resources’ $30M Zambia copper push: exploration strategy for mine planners

    March 26, 2026|

    Reviewed by Tom Sullivan

    Makor Resources’ $30M Zambia copper push: exploration strategy for mine planners

    First reported on MINING.com

    30 Second Briefing

    Makor Resources is entering Zambia’s copper sector with a phased US$20–30 million programme across greenfield licences in Kasempa, Mkushi, Mumbwa, Kitwe and Ndola, front-loaded with US$2–3 million this year for integrated geophysics, remote sensing and systematic sampling to tighten target definition. The Australia-based firm, led by American entrepreneur Brooke Bibeault, plans to drill only “high-confidence” targets and progress district-scale mineralised systems to development-ready status. Zambia’s government, aiming to triple national copper output by 2031, is positioning Makor as a model investor on governance and community engagement.

    Technical Brief

    • Target-generation toolkit explicitly combines integrated geophysics, remote sensing and systematic surface sampling campaigns.
    • Investment strategy is framed as “disciplined capital deployment” with a defined pathway from exploration to development readiness.

    Our Take

    Zambia’s aim to triple copper output by 2031 means Makor Resources’ Mkushi‑area work is entering a policy environment that is actively courting new operators, which typically shortens decision timelines for exploration permits compared with more mature copper jurisdictions in Australia and Canada.

    Boliden’s recent copper‑linked investments in electrification and low‑carbon fleets at Garpenberg and Aitik in our database suggest that any future offtake or partnership interest in Zambian copper will likely come with expectations around decarbonised power and haulage from early project stages.

    With Diavik’s 150 million carats of diamond output highlighting Canada’s long‑life asset profile, Zambia’s copper strategy is more volume‑growth than longevity‑focused, so Makor’s $20–30 million scaled investment plan is strategically timed to capture upside from near‑term capacity additions rather than ultra‑long mine lives.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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