Apollo Minerals is an ASX listed company focused on the development of the Kroussou Project in western Gabon.
The Kroussou Project consists of the Prospecting License G4-569 which covers 986.5km2 in the Ngounié Province of Western Gabon located approximately 220km southeast of the capital city of Libreville. The project is easily accessible by the major sealed N1 road from Libreville, and well-maintained provincial roads to towns bordering the project. Well-established and wide forestry tracks are present within the project area to the camp and exploration sites.
Historical exploration work at Kroussou identified Zinc-Lead (Zn-Pb) mineralisation hosted in Cretaceous sediments within preserved channels lying on unconformable Archaean and Paleoproterozoic basement rocks. Eighteen separate shallow channels with base metal occurrences have been identified along more than 80km of strike length of prospective geology in the project area. The Zn-Pb mineral occurrences represent a province-scale opportunity offering numerous very shallow, near surface base metal targets with multiple opportunities for discovery.
Apollo Minerals completed a maiden drilling campaign in 2021 which returned significant wide Zn-Pb mineralised intercepts from shallow depths at Dikaki, one of the 18 channel prospects. The drilling results indicated a developing discovery at Dikaki and validated the province scale, base metal potential of the Project. There are multiple opportunities for further discovery of Zn-Pb mineralisation at Kroussou within the remaining untested channels.
The Zn-Pb discoveries made at Kroussou are represented by thick intercepts at shallow depths with geometry that is interpreted to be favourable to simple low-cost open-pit mining scenarios. Initial metallurgical test work on the Kroussou Zn-Pb mineralisation has demonstrated the potential for high grade clean concentrates with strong recoveries of both zinc and lead creating expectations for the potential for high playability.
High-level assessment of infrastructure and transport requirements for a future mining operation at Kroussou have indicated the potential for existing capability which will provide the basis for future feasibility study work. Gabon is a mining friendly jurisdiction with a long history of successful and stable extractive industry investment and operation.
Planning is underway for an aggressive acceleration of exploration and development activity at Kroussou in 2022 which is expected to include comprehensive geophysical surveys to prioritise Project targets, further drilling programs, metallurgical test work, and commencement of technical studies to confirm project viability.