Brownfield Project within the highly desirable Arabian-Nubian Shields (ANS) region of Ethiopia.
- 48km2 concession, with a minimum 10-year mine-life.
- Well-explored area with 54 drill holes between 70-140m depth conducted and more than 5,000 lab analytics. Two Former operating pits with analytics available.
- High profitability, low-cost operation - comprehensive financial projections available.
- Brownfield open pit project with early cashflow generation to incumbent investors.
- 874k Oz of measured/indicated resources.
- 1.2M Oz of inferred resources.
- 3.2M Oz of potential resources - Further exploration for additional orebody required.
- Possibility to extend the mining life concession (5+5 years) on further exploration results.
Documentation:
- JORC Compliance Report
- Pre-feasibility Study
- Technical Reports
- Financial Projections
- Business Plan
- Valuation Report
- Notarised Documents
Seeking Investment Size: Circa $52 Million USD
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