AFDG - Copper Intelligence announces transportation of Drill Rig to Butembo

Rhea-AI Summary

AFDG (Copper Intelligence) announced that its XY–44 drill rig, in partnership with Gemdrill, will be transported to the Butembo project in DRC. Transit to the DRC border is estimated at 2–3 weeks, unloading at Kasindi, plus ~1 week mobilization and ~1 week camp/setup.

Barring customs or transit delays, the drill is expected to be operational mid-April 2026, with initial site-based copper core analyses targeted for early May 2026. A social media and in-person Analyst Day is planned for mid-May 2026.

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KINSHASA, Democratic Republic of Congo, March 3, 2026 /PRNewswire/ -- Copper Intelligence is pleased to announce together with our drilling partner Gemdrill, that the company's XY–44 drill rig will be transported to the Butembo DRC project site. Transit time is estimated at approximately 2–3 weeks, ensuring the rig is on the ground and ready to support the company's upcoming Butembo drilling campaign. The company anticipates a travel window of approximately 2–3 weeks to get the XY–44 drill to the DRC border. From that point, unloading will occur at the yard in the town of Kasindi, enabling the triaxle long-range transport truck.  A further week is estimated to mobilize all equipment to site. One additional week will be required to establish camp, stabilize the drill setup, organize equipment, and complete all necessary preparations before drilling can commence.

Barring any customs or transit issues enroute, it is anticipated that the drill will be operational mid-April with initial site-based analyses of copper ore core being released at the beginning of May.

The company anticipates a social media and in-person Analyst Day for the attendance of Sell-Side and Institutional Investors to be held and televised from the Democratic Republic of Congo in the mid-May timeframe.

About " Copper Intelligence "

On Feb 4, 2026, African Discovery Group (AFDG), the predecessor company to Copper Intelligence, announced the signing of Definitive Sales and Purchase Agreement (SPA) for the Butembo Copper Asset in the Democratic Republic of Congo, in a Reverse Takeover Transaction (RTO), solidifying its status as the first stand-alone DRC company to be publicly traded in the United States. Butembo is a near surface, low strip, Tier one exploration opportunity, located near the Ruwenzori mountain location of Uganda's biggest copper mine (Kilembe with 4 million tons of verified reserves), located only 50km from the Ugandan border with verified access to rail. The High-grade copper samples thus far have returned 18% Copper assays, which if maintained at production would rank amongst the highest globally. The recent discovery of the Butembo copper deposit has underscored the need for further exploration work in areas peripheral to the Katanga Copper Belt.

https://docs.google.com/document/d/1praLBoIVGW6VoaMEaua1-CGZ26aKfS8nAXcY5mgtlMA/edit?usp=sharing

Media Contact:
www.copperintelligence.com
Maxine Gordon
mg@africandiscoverygroup.com

View original content:https://www.prnewswire.com/news-releases/afdg---copper-intelligence-announces-transportation-of-drill-rig-to-butembo-302702421.html

SOURCE African Discovery Group

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will AFDG's XY–44 drill rig be operational at Butembo (AFDG)?

The drill is expected to be operational by mid-April 2026. According to the company, transit to the DRC border takes about 2–3 weeks, with an additional week to mobilize equipment and another week to establish camp and finalize drill setup before operations begin.

How long is the transit and mobilization timeline for the XY–44 drill to reach Butembo (AFDG)?

Total transit and mobilization are estimated at roughly 4–6 weeks. According to the company, 2–3 weeks to the DRC border, unloading at Kasindi, about one week to move equipment to site, and one week to set up camp and stabilize the drill.

Where will AFDG unload and stage the XY–44 drill en route to Butembo?

Unloading will occur at the yard in Kasindi to enable long-range transport. According to the company, Kasindi yard allows triaxle long-range trucks to offload before the final mobilization to the Butembo project site.

When will AFDG release initial copper core analyses from Butembo (AFDG)?

Initial site-based copper core analyses are targeted for early May 2026. According to the company, once the drill is operational mid-April, on-site sampling and preliminary analyses are expected to be released at the beginning of May.

Is AFDG planning an Analyst Day related to the Butembo drilling campaign, and when?

Yes, AFDG plans a social media and in-person Analyst Day in mid-May 2026. According to the company, the event will be held and televised from the Democratic Republic of Congo for sell-side and institutional investors to attend.