Tyranna Resources Limited has announced its strategic move into Angola with the acquisition of a 70% interest in the Maongo Copper-Gold Project, located about 25 kilometers northeast of the port city of Namibe (also known as Moçâmedes). The project spans 269 square kilometers and is poised for a prospecting concession award in the September 2025 quarter. Historical mining relics, including ore treatment sites and a number of underground mine groups dating back to the early 20th century, add to the project’s appeal. The announcement details that the project area benefits from excellent year-round access via a well-established infrastructure corridor that includes a sealed highway, railway, and electricity transmission lines. The proximity to the Caraculo solar power station further enhances the site’s logistical profile. Detailed due diligence confirmed the presence of historical mining infrastructure in three key clusters – the Vimpongos group, the central Maongo group, and the Cacimba workings – each offering potential for further exploration. In terms of the transaction, Tyranna has committed cash and share payments to secure the project. An initial payment of 50 million Angolan kwanzas has been made to secure the right to complete the transaction, followed by an additional payment of 150 million kwanzas upon the issuance of the prospecting license. Furthermore, OCJAF will be issued USD 200,000 worth of Tyranna FPO shares after positive laboratory results from the first exploration programme. The venture will be held under an Angolan company, Maongo LDA, with Tyranna’s Angolan subsidiary holding a 70% stake and OCJAF a 30% interest. The project also marks the beginning of a more ambitious exploration programme in Angola by Tyranna Resources Limited, which has built its reputation by targeting demand-driven metals. Plans are in place to extend geological mapping, soil geochemistry, and geophysical surveys across known targets, with potential drill targets to be prioritised as they are identified. The news carries mixed sentiment for investors. On the bullish side, the acquisition aligns well with the company’s strategy of tapping into demand-driven metals in a resource-rich and strategically accessible region. The robust infrastructure and the historical evidence of mineralisation add credibility to the prospect, while the structured deal terms and planned follow-up exploration provide clear growth pathways. On the bearish side, uncertainties related to incomplete historical records, regulatory approval processes, and the challenges inherent in early-stage exploration could pose risks. Investors are advised to keep a cautious eye on the concession’s approval and any emerging technical data from the ongoing surveys.