Islamabad, April 8, 2025 – National Resources Limited (NRL), a 100% Pakistani privately owned company, has announced a significant discovery of copper-gold mineralization in Chagai, Balochistan, during the Pakistan Minerals Investment Forum 2025.
The announcement was made by Muhammad Ali Tabba, Chairman of NRL and CEO of Lucky Cement Limited.
NRL was awarded a lease for mineral exploration in October 2023, with the licensed area containing two known porphyry prospects. Over a period of 15 months, the company has identified 18 new prospects.
Tang Kaur, one of the identified prospects, has progressed to an advanced drilling stage. NRL has completed 13 diamond drill holes totaling 3,517 meters, all of which intersected significant porphyry-style alteration, quartz vein sets, and sulfide mineralization.
Drilling Results:
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Assay results from the first six drill holes (1,500 meters) confirmed significantly mineralized near-surface zones with copper grades ranging from 0.23% to 0.48%, gold grades between 0.09 to 0.14 g/t, and silver ranging from 1.30 to 6.21 g/t.
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The mineralized system remains open to the north, east, and at depth, showing promising potential for further exploration.
Future Plans:
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Advanced drilling at Tang Kaur is scheduled for May 2025, with an NI 43-101 Technical Report expected by the end of the year.
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The company plans to continue 3-4 years of detailed exploration, followed by feasibility studies. Exploration at other prospects and leases will also continue.
Social and Economic Commitment:
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NRL prioritizes local communities as key stakeholders, with a focus on social development initiatives like clean water, education, healthcare, and creating local employment. Currently, over 90% of the workforce consists of local employees.
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NRL is collaborating with the Government of Balochistan and the Special Investment Facilitation Council (SIFC) to secure additional Copper-Gold Exploration licenses in the region, backed by a $100 million exploration fund.
Collaborations and Future Outlook:
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NRL has signed a Memorandum of Understanding (MOU) with Oil and Gas Development Company (OGDC) to explore new leases together.
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Looking ahead, NRL aims to attract both national and international investors to further develop the mining project.
With the discovery of significant mineralization and ongoing development, NRL is well-positioned to contribute to Pakistan’s growing mining sector.
The company’s efforts are expected to drive economic growth and bring about positive changes for the people of Balochistan and Pakistan.
