Tyranna Resources to acquire 70% stake in Angola's Maongo Copper-Gold Project

About this update from Tyranna Resources Limited

ASX-listed Tyranna Resources Limited (Tyranna) has entered into agreements to acquire a 70% stake in the Maongo Copper-Gold Project (Maongo), in Angola . The project, said the firm in a release on July 14 , comprises one prospecting concession which is 269 square kilometres in extent.  Tyranna’s MD, David Crook commented: 'The company previously flagged that it is actively looking for projects that would fit well with our broader strategy, targeting demand-driven metals in Angola.  The Maongo Project is the first to meet our criteria, where prospectivity for copper and gold is evident in an area with good access, in an uncomplicated operating environment.  The sites of mining and treatment artifacts were confirmed by company field staff during our due diligence period.' He said concession approval documentation is being advanced with the mining sector regulator, the National Agency for Mineral Resources , Tyranna’s 30% partner, OCJAF and the company’s 70% Angolan subsidiary, Maongo, LDA. He expects the concession to be granted during the September 2025 quarter. Tyranna said in the statement that copper and gold mineralisation at Maongo was identified in the early part of the 20th century, with the initial mining activity likely completed in the 1920’s by Empresa Mineira do Sul de Angola . The most recent mining was done in the 1960s. © 2025 bne IntelliNews, source Magazine

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