Looks like some substantial boxes have just been ticked!!!
"*GREATER* than 1 Billion Tonnes of Hematite"
Checkmate TS.......
Interesting excerpts below...
"Following extensive meetings and negotiations between the parties, matters were resolved on the basis that a complete geological and technical review of the Marampa project has now been completed by Power United"
"Power United endorses Cape Lambert's assessment of,
and optimism for, the project (especially with a target mineralisation of greater than 1 billion
tonnes of hematite) and believes that working in conjunction with African Minerals Limited
(AIM:AMI) will provide significant benefits to Cape Lambert shareholders and to Sierra
Leone"
"Substantial synergies have been identified in both companies obtaining leverage through the joint infrastructure development (port facilities and railway) of both the Marampa Project and African Minerals Tonkolili iron ore Project"
"Cape Lambert also looks forward to reviewing and, potentially acquiring an interest in, other
advanced stage mining projects"
"With the current market situation, the Company believes
that there are number of opportunities available that can be capitalised on given Cape Lambert’s strong cash position and technical team"
Good Luck to All Holders....
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