Ann: GEN Commences Baniaka Detrital Iron Deposit Resource Update, page-3

Yes, they are not wasting time - helps that they have been working on this for many years prior to ASX listing.

PFS completion Q1-22. Hope the numbers look as good as indicated in the Fosters report.

I've been researching everything I can on African Iron Ore projects. Amazingly, not a single tonne has ever been produced & exported from any Australian company - ever.

BHP were active in Liberia & Guinea in the past, but dropped out to focus on the Pilbara.

Twiggy tried to get in on Simandou recently (export via Liberia) but bid failed.

A whole host of juniors have tried but got nowhere due to lack of infrastructure & huge Capex hurdles.

In G.a.b.o.n I predict Brisbane-based but AIM listed IronRidge Resources will lose their Belinga Sud licence as they don't seem to be doing anything with it - too busy chasing lithium & gold in other West African countries.

It seems that GEN will be the first ASX listed company to produce IO in Africa followed by Rio Tinto in Guinea thanks to Chinese expertise in Railway infrastructure!