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Great finds Praetor. Been too busy watching the Olympics over a...

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bruceleroy

721 Posts.

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29/07/21

06:39

Post #: 54853236
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Originally posted by Praetor: ↑

Some facts about the Nkout iron resource on the proposed rail corridor between Mbarga/Mbalam and Kribi.

The Nkout project is at the northern extent of the Archean Ntem complex, part of the Congo Craton, which also hosts the Mbalam, Nabeba and Avima projects.

Revised to 2.7 billion tonnes with a 68% increase in DSO to 252 Mt at 43.2% iron.

Nkout is 330km from Kribi and only 30km north of a proposed rail corridor stretching 510km from the 2.3bt Mbalam project to Kribi, a natural deep water port 125km south of Douala.

The significant resources from this mine could access the rail line passing nearby, which in turn could be used as a toll line to offset construction cost.

The proposed rail route runs through the Djoum III (Nkout) exploration licence. The railway will access the upgraded port at Kribi, which will be capable of accommodating bulk iron ore carriers of up to 300,000t. It has been suggested that the railway could support ~150Mt of
production per year, which could service input from a number of operations in this emerging iron ore province.

Nkout project is situated in the Mekambo iron ore orbit of West Africa. Few regions in Africa can rival this area in terms of iron ore potential – c 14bn tonnes of JORC/nonJORC resource has been defined in a 400km radius. The Nkout project accounts for 1.42bt (Exhibit 3) of this figure, and the company has quoted an exploration target of 4bt. The project is situated approximately 280km south of the Cameroonian capital of Yaoundé.

Approximately 14bt of iron ore has been identified in the Mekambo orbit, with exploration targets bringing this figure towards 20bt.
This Region is ready to explode.

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Great finds Praetor. Been too busy watching the Olympics over a Halal snack pack last night to check on HC. The Tokyo game was worth the wait so our swimmers think.

Zero chance Congo will relent and hand back those licenses now it would appear. Totally agree Ding's vision is slowly becoming reality. The Africans do things at a glacial pace so I wouldn't hold breathe for Ding to soon announce the final infrastructure blue print which clearly is still work in progress.

Back to the Olympics. Go ANS...Oink Oink Oink !

ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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Great finds Praetor. Been too busy watching the Olympics over a...

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