IVZ - General Discussion, page-1375

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"Invictus may have the answerBoth the Zimbabwean government and the country’s mining sector will be closely monitoring the activity of Australian oil and gas junior Invictus Energy (ASX: IVZ) when it kicks off its next campaign at the crucial Mukuyu gas discovery.In late 2023, Invictus announced the discovery at the Cabora Bassa project and it is widely believed it has the potential to be a critical supplier to the nation and the mining sector.Mukuyu is now considered a major southern African gas discovery with an estimated 20 trillion cubic feet of gas and 845 million barrels of conventional gas-condensate reserves.Following the confirmation of the world-class discovery, Invictus immediately signed an updated gas supply memorandum of understanding (MOU).The updated MOU builds on the previous agreement signed in December 2019 with Tatanga Energy and is a precursor to the negotiation of a full long term gas sale agreement to supply sufficient gas to power the proposed plant.Potential to expand supplyInvictus is already discussing a potential expansion of the plant in future phases to up to 1,000MW, or a forecasted demand of approximately 1.4 trillion cubic feet of natural gas over 20 years.Preliminary feasibility studies have identified a number of suitable locations that provide the ability to supply electricity through the local grid as well as potentially export to customers through the Southern Africa Power Pool.This is the second major gas sale MOU executed for the Cabora Bassa project. An earlier agreement was executed with Sable Chemicals covering the potential provision of gas feedstock for the manufacture of ammonium nitrate fertiliser, which is currently supplied by rail from South Africa."