Ministerial Visit to Mine Site June 2015
Ministerial site visit, June 2015 attended by a large delegation including the Namibian Minister of Mines and Energy in Namibia, the Honorable Obeth Kandjoze, and the Governor of the Erongo Region, the Honourable Cleophas Mutjavikua
The project has a current JORC resource of 1,250,000 tonnes, with resulting underground in-situ metal inventory of:
A mine development plan has been completed based on a 250,000kt per annum plant, which demonstrates a payback of just 1.4 years based on a Mineral Inventory of 425kt of Indicated Resource, and 234kt of Inferred Resource.
The Company has a project equity agreement for up to $12.0 million with Greenstone Resources with which to progress the project through to production.
In addition to the Namib project, the Company has numerous other interests in both Namibia and Mozambique covering phosphate, iron ore, copper and gold. In tandem with the development of Namib into production, the Company has a wider strategy to build North River by acquisition during the sector downturn to become a high-growth enterprise.
|28.08.2015||Result of General Meeting|
|27.08.2015||Update re IR Conference Call|
|11.08.2015||Financing Proposal and Notice of GM|
|03.07.2015||Change of Broker|
|22.07.2015||Namib Bankability Strengthened Significantly following Metallurgical Testwork|
|22.07.2015||Namib Project Development and Funding Update|
|02.07.2015||Conference Call Highlights|
|26.06.2015||Shareholder Conference Call|
|25.06.2015||Result of AGM|
|23.06.2015||AGM Notice Update and Ministerial Visit to Mine Site|
|08.05.2015||Announcement of Corporate Investor Relations Conference Calls|
|01.04.2015||Shareholder Conference call Recording and Highlights|
|30.03.2015||Holdings in Company|
|24.03.2015||Shareholder Conference Call|
|20.01.2015||Board & Senior Management Appointments and Project Update|