Critical minerals startup KoBold Metals will commence drilling on Zambia’s Dumbwa copper prospects in early 2025, as part of its strategy to expand across Africa’s critical minerals sector, CEO Mfikeyi Makayi told Energy Capital & Power.
In an exclusive interview held during the Critical Minerals Africa Forum last week, Makayi said Dumbwa is one of the many exploration prospects KoBold Metals is prioritizing in the north west of Zambia.
“We are applying machine learning and predictive analytics to reduce uncertainty and accelerate drilling at Dumbwa, moving beyond the traditional methods geologists have used for the past century,” stated Makayi.
She said KoBold Metals is working with African governments to integrate modern technology and investments with Africa’s mining expertise to drive critical minerals industry growth through new discoveries. In addition to Zambia, KoBold Metals has projects in South Africa, Namibia and Botswana.
“We are looking across Africa and most importantly for critical minerals with copper, cobalt, lithium and nickel,” added Makayi.
KoBold Metals is also advancing exploration at Zambia's Konkola West Project, in partnership with Tertiary Minerals, where over 2,000 meters have been drilled to deepen understanding of the Copperbelt's geology.
The firm is developing infrastructure, including mine shafts, dewatering systems and processing plants, to support copper production at its Mingomba copper project in Zambia by the early 2030s.