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PRO-MINING INVESTMENT FRAMEWORK

 
  • Transparent mining and exploration regime

  • Low political, sovereign and social risks 

  • Gabonese Government proactively diversifying export revenues away from oil

  • Established and stable Manganese mining history dating back to 1960’s

  • Excellent infrastructure - rail, roads, ports 

 

 

hIGHLY PROSPECTIVE GEOLOGY

REGIONAL GEOLOGY MAP

  • Tchibanga Project located within younger, Neoproterozoic sediments

  • Corumba Mine (890Mt @ 63% Fe DSO) potential analogue in Brazil

  • Belinga Sud Project hosted within older, Archean and Palaeoproterozic aged sediments

  • Typical ‘Itabirite’ (metamorphosed and re-crystallised BIFs) type deposit setting

  • Directly along strike from Belinga deposit (860 Mt @ 63% Fe, non JORC)  

 

Tchibanga Project - Prime Location

  • Project well located within trucking distance of proposed deep water port of Mayumba

  • Low capital intensity start-up barging and transhipping options

  • Timber barging operations active within the project area

  • Alternative infrastructure corridors identified

  • Project 100% held by local subsidiary

pOTENTIAL INFRASTRUCTURE CORRIDORS 

Tchibanga IRON PROJECT - ferruginous capping

  • Neoproterozoic iron formation; weathering over hematitic schists

  • Ferruginous laterite and canga mineralisation identified at surface

  • Average 45.2% Fe, low contaminants

  • Combined 1.95km² surface area of plateaus at average 2m to 10m thickness

  • Licenses cover 1,977km²

 

Tchibanga Iron Project - Novel Exploration

  • Folded sequence of mixed quartzites and hematitic schists

  • Largest ferruginous plateau occurs over an interpreted faulted fold closure

  • Ground Penetrating Radar (“GPR”) successfully used to profile depth of duricrust

  • GPR also maps the quartzites and schists as separate units

interpreted geology and ferruginous hard cap extent with sampling results 

interpreted geology and ferruginous hard cap extent with sampling results 

ground penetrating radar profile through ferruginous hard cap 

ground penetrating radar profile through ferruginous hard cap 

 

Belinga sud iron project - elephant country

  • Belinga Sud project located directly along strike from giant Belinga deposit

  • Project well located within 100km of the operational Franceville-Libreville heavy-haul railway

  • Project along a potential rail spur linking the Belinga deposit to the operational railway

  • Project 100% held by local subsidiary

project locations and surrounding iron ore projects

project locations and surrounding iron ore projects

 

Belinga sud iron project - typical itabirite

  • Directly along strike from the Belinga Iron Ore deposit (860 Mt @ 63% Fe, non JORC)

  • License covers 1,976km²

  • Archean or Palaeoproterozoic iron formations – itabirites (recrystallised BIF)

  • Five key target areas defined; Indombo (Central, South and North) and Massaha (East and West)

  • Over 13km of iron formation mapped to date

  • 50m to 300m width interpreted

  • Average 40-55% Fe with moderate contaminants in rock chip sampling to date