VDM Group Limited announced that it has taken a further step towards its objective of developing a portfolio of high-quality mineral assets with the announcement of a maiden Mineral Resource Estimate (MRE) for the Company's Cachoeiras do Binga (CdB) Copper Project in Angola (55.25% owned by VDM). The MRE was undertaken by SRK Consulting China Ltd. (SRK) following a 5,691 metre drilling campaign during 2019 that complemented the 3,903 metres of previous drilling completed by the Company in 2018. CdB Project Overview: The CdB Project is located east of the regional capital and coastal city of Sumbe (airport and port) and approximately 385 km south of the Angolan capital city of Luanda. The CdB Project covers 3,854kms2 and is approximately 32kms from East to West and 129kms from North to South. Mineral Resource Estimate: The CdB Mineral Resource Estimate (MRE) was conducted by Dr. Yiefei Jia, Principal Consultant (Geology) of SRK Consulting China Ltd, Independent mineral industry consultants. The MRE was prepared in compliance with the guidelines of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). The exploration database used for the resource estimation consists of 134 diamond coreholes and 7 trenches. A total of 1,658 intervals were sampled at the deposit. All the available data was input into a Geovia Surpac (Surpac) database for the estimation procedure. Geology and Mineralisation Interpretation: The CdB Project is located within the west Angolan shield of the African shield. On the western side is the Atlantic coast basin, on the east is the inland Okavango basin, while a large area of Precambrian bedrock outcrops in the middle. The predominant strata in the CdB exploration tenement area consist mainly of Archaean gneiss, schist and quartzite; Early Cretaceous Cuvo Formation, a set of continental strata composed of conglomerate and sandstone in the lower section and a set of lagoon facies sedimentary sequences with upward thinning, coarse-fine sandstone, siltstone and marl interlayers in the upper section. The copper mineralisation of the project occurs in the upper section; Early Cretaceous Binga Formation, comprising bioclastic limestone and light-yellow medium-thick limestone; Early Cretaceous Tuenza Formation, composed of siliceous limestone and dolomite limestone; and Quaternary sediments. Fault structures and circular structures are relatively well developed in the exploration area. The fault structures include north-northeast trending, northwest trending and northeast trending faults. The circular structures are nearly circular and elliptical, with north-northeast or northeast long axis. Based on the interpretation of remote sensing, the circular structures may be caused by concealed rock masses. The intrusive rocks are mainly biotite granites, occur as rock mass and dykes intruded into the Precambrian metamorphic rocks. Nine (9) mineralised bodies have been delineated in the CdB deposit by trenching and drilling exploration. The mineralised bodies are hosted in the sandstone and siltstone strata of Early Cretaceous Cuvo Formation's upper section and are characterised by gently dipping stratiform and/or tabular shapes. M3-1 mineralised body is defined by 54 drilling holes and 2 trenches at elevations of 48m to 177m above sea level (ASL) in Zone 3. The mineralised body strikes northwest (N320°W) and dips gently 4° to 8°. It is about 1,030m long and has an average thickness of 2.71m and average grade of 1.09% Cu.M4-1 mineralised body is defined by 11 drilling holes and 4 trenches at elevations of 56m to 101m ASL in Zone 4. The mineralised body strikes southwest (S230°W) and dips gently 6° to 16°. It is about 450m long and has an average thickness of 2.11m and average grade of 1.16% Cu. M5-1 mineralised body is defined by 8 drilling holes at elevations of 38m to 58m ASL in Zone 5. The mineralised body strikes northeast and dips gently. It is about 250m long and has an average thickness of 2.62m and average grade of 0.68% Cu. The ore minerals are mainly limonite, hematite, covellite and malachite for oxidised ore, and pyrite, chalcopyrite, bornite, and chalcocite for the primary sulphide ore. The gangue minerals are mainly quartz, calcite and dolomite. According to the oxidation degree of ore, there are two ore types, the oxidised ore and the primary ore in the CdB deposit, but the primary ore is the dominant type. The ore minerals are characterised by irregular, metasomatic or metasomatic residual textures, and disseminated structure. The main alteration consists of silicification and pyritization. The CdB copper deposit is a typical sediment (mainly sandstone) hosted stratiform copper deposit.