Metals One (MET1) has highlighted an announcement from Evolution Energy Minerals that provides an update on the planned soil sampling programme at the Chikundo copper-lead-zinc volcanic hosted massive sulphide prospect located within the Chilalo project tenements in southeast Tanzania.
Metals One owns approximately 16.9% of Evolution.
A major copper-focused soil programme to commence 24 November 2025 at Chikundo. This will include 1,558 samples taken across two priority grids covering the 1.6 km Chikundo copper corridor and the northeast anomaly.
Previous drilling has confirmed bedrock copper sulphides, with the better intercepts including 0.4 metres at 5.27% copper and 15.05 grams per tonne silver, and six metres at 0.5% copper.
Recent sampling undertaken by Evolution returned highly anomalous copper, including 5,340 parts per million copper from gossanous material southwest of the Malachite Pit.
Visible chalcopyrite beneath malachite indicates the strength and continuity of copper at surface.
The sampling programme is expected to take 8-12 weeks, with results released as a single, integrated dataset. The programme is designed to prioritise targets ahead of drilling in 2026.
"As an investor in Evolution, Metals One is very encouraged to see that the programme to advance the Chikundo copper project will commence next week,” said Daniel Maling, managing director of Metals One.
“This programme, which has now been expanded to include additional samples, will allow Evolution to refine the highest-priority copper targets in what they believe could be a much larger system, with RC drilling at Chikundo on their radar for 2026."
View from Vox
It’s good to see action on the ground from Metals One’s stable of investee companies. Evolution isn’t the only company that Metals One has in its portfolio that’s pressing ahead with work in the broader context of the recovery in the mining sector. There’s also plenty of activity happening at Metals One’s interests in the US and Europe. This one could be big, though. The delineation of a VMS discovery at Chikundo would mark a real value uplift for Evolution and that would in turn feed back through to Metals One.