UK 10:30 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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Ortac Resources (OTC) may not be current flavour of the month with investors, but chief executive officer Vassilios Carellas says the AIM-quoted company is nevertheless poised to negotiate majority control of the Kabala project in north-west Zambia, which he suggests could become a major copper and cobalt mine in the heart of the central African copperbelt. Old estimates implied Kabala could hold more than 150 million tonnes and, though Carellas is somewhat more circumspect, he notes the project is 40 km. ‘on the other side of the dome’ from the Sentinel mine, which produced some 1.2 billion tonnes at 0.5% copper, where the First Quantum group has invested $2 billion, and is in the same area as the major Kanshansi and Lomwana mines.
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