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COMPANY HIGHLIGHTS
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Certified results received for the second trial shipment of manganese ore in the previous quarter further confirmed the high grade and quality of manganese ore at the Emmanuel Project
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Exploration and development work continued across the Company’s Zambian Manganese Projects with A$0.7m spent on exploration and evaluation and acquisition of mine equipment including approx. A$0.1m on refurbishment of the Company’s own RC drilling rig
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Significant manganese mineralisation identified at the Kanona Project over significant strike length
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Finalised design and capital costs quote received for the supply and construction of the manganese processing plant to be established at its Emmanuel Project
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Shareholders approve issuance of 24m shares to increase shareholding in Impondo Zambia Mining Limited to 75% and its rights over the small scale mining license at the Chowa Open Pit Mine
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Heads of Agreement with Australian American Mining Corporation for the sale of the Company’s non-core uranium projects in New Mexico USA
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Subsequent to the Quarter’s end the Company announced execution of binding loan documentation for a staged US$10m secured Prepayment Debt Facility and a 10 year Ma