Plutus PowerGen PLC announced that it has signed Heads of Terms with Mayflower Copper Limited to acquire rights to a 61% interest in a high-grade copper and polymetallic project, the Mindouli Copper Project, located in a highly prospective and well-established copper and zinc mining region in the Republic of the Congo. Over USD 20 million of historical exploration and drilling expenditure at Mindouli over the past 15 years has defined a large, high-grade sandstone and limestone hosted copper deposit extending over 1.2km in strike length and which is potentially one of the largest and highest-grade undeveloped copper projects in the world. Project is located on a granted Mining License that extends over 372km2 and is valid until 2036. The Mining License adjoins the Gerald Group and China National Gold Group's operating SOREMI Copper-Lead-Zinc Mine, which is a major producer and exporter of copper cathode and zinc and lead ingot from the Republic of Congo. Non JORC compliant Mineral Resource of 35Mt at an average grade of 6% copper and 150g/t silver was determined in 2011 for the previous Chinese project owners, which formed the basis for a Feasibility Study that proposed a 1.25Mtpa open pit and 0.8Mtpa underground operation producing 85,000 to 100,000tpa of copper cathode. Publicly reported JORC Code Exploration Target of 15Mt to 30Mt at an average grade of 3% to 5% copper was reported in 2014 by an ASX-listed company for the Project. Historical copper production from Mindouli by the French in the early 1900s reported at 47,000t at an average grade of 19% copper. The Acquisition will provide the Company and its shareholders with a significant position in the copper exploration and mine development sector and exposure to a commodity that is critical in the new energy revolution and constrained supply.