Ngoa, Cameroon

Essong exploration permit

Overview

  • Ownership: 70% subject to Government right to a 10% free carried interest
  • Licence area: 252km2
  • Renewable exploration licence for iron ore (and other minerals, including gold).
  • Location: South Cameroon, adjacent to the Company’s Nkout project and 30km from the proposed railway corridor leading to the Government-led, deep-water, port complex
  • Target: 2km long iron-rich hill rising 300m above the regional landscape and showing an intense magnetic dipole
  • Geology: Archaean age rocks with itabirite/banded iron formation float
  • Drilling highlights from 33 diamond drill holes over 1,790m:
    • 11.0m @ 61.1% Fe from surface
    • 8.8m @ 54.6% Fe from surface
    • 12.8m @ 47.0% Fe from surface

Geological map of Essong and Djoum exploration permit areas

Geological map of Essong and Djoum exploration permit areas

Current Drill Programme at Ngoa

Current Drill Programme at Ngoa