National Resource Limited (NRL) has announced the discovery of gold and copper deposits in the Chagai district of Baluchistan.
The announcement was made by the president of the NRL and the CEO of Lucky Cement Muhammad Ali Tabba during the Pakistan 2025 Mineral Investment Forum, in the presence of Prime Minister Shehbaz Sharif and the Chief of the General Army Also Munir.
NRL is a 100% private property company, a subsidiary of Fatima Fertilizer, Liberty Mills and Lucky Cement. He received his exploration license in October 2023.
According to Tabba, the exploration in the license area of 500 square kilometers led to the identification of 16 potential mineral sites in the last 18 months. Advanced drilling has begun in the location of Tang Kore.
Until now, NRL has completed 13 diamond drilling holes that cover 3,517 meters, all showing signs of mineralization. The results of the first six drilling holes confirmed strong mineral areas near the surface.
The initial samples revealed copper content between 0.23% and 0.48%, gold that varies from 0.09 to 0.14 grams per ton and silver between 1.3 and 6.21 grams per ton, equivalent to combined copper values of 0.28% to 0.56%.
NRL plans to start advanced drilling in Tang Kore in May 2025, followed by a technical report or 43-101 at the end of the year. This will be followed by 3 to 4 years of additional exploration and viability studies.
In addition to the gold -copper exploration, NRL has secured a leadership license adjacent to an existing mine with a completed financed feasibility study. The company is also conducting a metal value chain study to evaluate subsequent processing opportunities.
NRL emphasized its commitment to the local community, supporting clean water, education, medical attention and jobs. The company said that more than 90% of its workforce is used locally.
NRL is working with the Baluchistan government and the Special Investment Facilitation Council (SIFC) to ensure two additional exploration licenses, backed by a $ 100 million fund. He has also signed a memorandum of understanding with OGDC to work in recently leased areas.
