Makor Resources Enters Zambia with $30 Million Copper Investment Plan

Mkushi Project in Central Province, Zambia. Credit: Makor Resources

Makor Resources has officially entered the Zambian mining sector, unveiling plans to invest up to $30 million in copper exploration projects across key mineral-rich regions.

The Australia-based company, led by entrepreneur Brooke Bibeault, announced the launch of its operations in Zambia, positioning itself to tap into the country’s vast copper potential.

Strategic Expansion Across Zambia’s Copper Belt

Makor has secured a portfolio of assets spanning major geological corridors, including Kasempa, Mkushi, Mumbwa, Kitwe, and Ndola—areas widely recognized for their copper deposits and mining activity.

The company aims to build a pipeline of district-scale projects, leveraging advanced exploration techniques and a phased investment strategy to accelerate development.

Phased Investment to Unlock Copper Potential

Initial investment of $2–3 million is expected by the end of 2026, focusing on early-stage exploration activities such as geophysics, remote sensing, and systematic sampling to improve geological understanding.

Over the longer term, total investment is projected to scale to between $20 million and $30 million, targeting high-potential drilling zones and advancing projects toward production readiness.

This disciplined approach is designed to transition assets from exploration to development, ensuring technical viability and long-term sustainability.

Rising Global Demand for Copper Drives Expansion

According to Bibeault, Makor’s entry into Zambia comes at a time when global copper demand is accelerating, driven by the energy transition, electrification, and infrastructure development.

However, supply constraints are creating a widening gap, making jurisdictions like Zambia increasingly attractive to investors.

She noted that Zambia offers a unique combination of strong geology, improving policy direction, and favorable market dynamics, positioning it as a key player in the global copper supply chain.

Government Welcomes New Investment

Zambia’s Permanent Secretary for Information and Media, Thabo Kawana, welcomed Makor’s entry, describing the company as aligned with the country’s vision for sustainable mining development.

He highlighted the importance of partnerships that emphasize governance, community engagement, and responsible resource development, as Zambia seeks to expand its mining sector while maximizing economic benefits.

Conclusion

Makor Resources’ $30 million investment plan underscores growing investor confidence in Zambia’s copper industry. As global demand for critical minerals rises, the country continues to attract new entrants aiming to develop scalable, long-term mining projects that support both local economic growth and global supply chains.