Resource tonnage is expected to increase with further exploration.
The size of the Mbalam Project gives it the potential to be the first world class iron ore project developed in Central Africa.
The provision of billions of dollars of port and rail infrastructure in Cameroon will be a likely catalyst for the development of many currently uneconomic iron ore deposits in Cameroon,Congo and Gabon.
CamIron will support Kuda marine turtle project at Edodge.They will help support a marine park South of the proposed port facility also honey bee harvesting/breeding among other things.
Mbalam project will over the mine life produce around 17 million tonnes of CO2 emissions,compared to the Chinese using low grade iron ore and producing 137 million tonnes.
CamIron to fund Community Development,Indigenous People and Wildlife Conservation programmes with after tax profit expected to be between $3 and $5 million a year during operations.
This is interesting. Transitional ore will be mined in stage 1 to produce 3.5 Mt per year of Concentrate and 1.5 Mt a year of tailing's,the tailing's will be deposited in a small Stage 1 TSF.
Each train will comprise four locomotives and approximately two-hundred 125 tonne payload wagons.Four to five trains will be needed each day to deliver the required 100,00 tonne of iron ore product 508 km from mine to the port. The average disturbance width within the rail corridor is expected to be about 100m which over 508 km equates to 5.080 hectares.(Wide enough to put more rail tracks in the future).Trains up to 2.5 km long will deliver 25,000 tonne of iron ore to the port facility.
Itabirite is expected to produce 1.5 tonne of tailing's (predominantly quartz)and 0.4 tonne of waste rock per tonne of produced iron concentrate.
Ground water at the mine is high quality and fit to drink.
Regards Westcott.
SDL Price at posting:
52.5¢ Sentiment: None Disclosure: Held