Africo Resources Ltd. (Africo) is a Canada-based mineral resource company engaged in the exploration and development of base metal mineral properties. The Company’s main project is Kalukundi, a development stage copper (Cu)–cobalt (Co) deposit located in the Katangan Copperbelt in the Democratic Republic of Congo (DRC). The Company has a 75% interest in the Kalukundi. The project is located 65 kilometers from the mining center of Kolwezi in the Katanga Province of the DRC. The Kalukundi deposit has been defined through the evaluation of four fragments of Mines series rocks. An ore reserve of oxide materials has been defined within these four fragments of 7.8 million tons grading 2.44% Cu and 0.69% Co. The depth of oxides varies from fragment to fragment and ranges between 40 meters down to depth exceeding 130 meters.