Project overview
About this development
The Group holds 100% interest in five permits for the exclusive rights to explore for iron ore and associated minerals in areas referred to as Binga, Minko, Sanaga, Lélé, and Djadom in Cameroon covering a total area of approximately 4,000 square kilometres (the “CMC Permits”). All the permit areas lie nearby either existing railway lines or a proposed railway line from Mbalam to Kribi. The Company’s Binga permit located approximately 80km east of the Kribi multi-user, deep seaport presents a rapid development option and strategic pathway to near-term cashflow generation. Initially four geophysical targets of high degrees of enrichment in the western sector of Binga were visually evident from surface and road-cut indications from the construction of Sinohydro's road associated with the Memve’ele hydroelectric power project, being built on the Company’s licenses between Binga and Minko.
Project at a glance
Binga Iron-ore Project, Cameroon is located in Cameroon. The project is classified in the Private sector. Its current recorded stage is Cancelled. The recorded project value is R 200 Million+.