I'm with you Pedini89.
Announced March 2020;
"Minbos Resources Limited (ASX:MNB) (“Minbos” or “the Company”) is pleased to announce that the Company’s bid for the Cácata Phosphate Concession, located in Cabinda, Angola, has been successful.
SUMMARY The Angolan Ministry of Mineral Resources and Petroleum has advised the Company that its tender submission for the Cácata Phosphate Concession, located in the Province of Cabinda, has been classified as 1st (or Successful)."
Most of us should recall that March 2020 also was the time when covid became a global pandemic and global shutdowns and restrictions took hold. There were at least two years of serious supply, services and travel restrictions. China remained in lock down until just last year.
Despite that unprecedented challenge, Minbos went from being awarded the project as manager and 85% owner in March 2020, through;
scoping study Aug 2020,
Mineral Investment contract signed Jan 2021,
Mining license March 2021,
Green ammonia project introduced with support from Angolan government Oct 2021,
Technology Partner MOU Signed with Stamicarbon June 2022,
Minbos attracts and gets investment from cornerstone investors including "an entity controlled by the Chairman of the world’s largest Battery Anode Producer" July 2022,
Phosphate DFS completed October 2022,
Green Energy MOU signed for Capanda Green Ammonia Dec 2022,
SIGNING OF AIPEX CONTRACT "Securing an AIPEX Private Investment Contract is the final step for foreign entities intending to invest in Angola and represents a significant achievement for the Company. Jan 2023,
Identified and delivered "Significant CAPEX reduction for Phosphate Fertilizer Plant" Feb 2023
Delivered technical study for green ammonia April 2023
Introduced the Yellow Phosphorus Pproject April 2023
Offtake Agreement with Angolas Largest Food Aggregator July 2023
Minbos Secures Site For Capanda Green Ammonia Project Aug 2023
Minbos launches P4 concept study Sept 2023
Minbos Completes Resettlement Action Plan for Cacata Mine Sep 2023
Environmental studies underway for Capanda Green Ammonia Sep 2023
Launch of Prosper Fertilizer Brand and Huambo IDA Workshop Sep 2023
Announced Indicative Term Sheet for a US$14 million (debt) loan facility from the Industrial Development Corporation of South Africa Ltd Oct 2023
There were plenty of other announcements through that period, the above is just my summary of what I thought most significant.
During the period, Minbos and the IFDC ran multiple field trials and developed a new product (BPR) which led to significant capex savings and operating cost savings.
MNB should be producing in around four years from the time of being awarded the concession. That's very quick, especially considering they were starting off just as covid shutdowns hit, effectively killing 1-2 years for many projects. Lindsay was tuck in Angola and used his time to give us the green ammonia project. Some investors and traders complain about the missed timelines. No one likes missed timelines but progress has been very good IMO. I see a very ambitious CEO with big plans who has been over ambitious on schedules. I'm glad we have a CEO with big ambitions even if he does miss overly ambitious timelines. Either way, he is getting the job done in very good time.
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