Project overview
About this development
Through its 100% owned subsidiary Compagnie Minière du Cameroun South Sanaga A, West African Minerals (WAFM) owns exploration licenses in Cameroon spanning the coastal regions near existing and developing ports - the Sanaga permit near the Port of Douala. The company is currently undertaking infill drilling towards a maiden MRE at south Sanaga. Management’s focus is on de-risking the best of these near coastal opportunities to deliver substantial real value to shareholders in the form of low capital and operating cost, easily developed iron ore production. WAFM’s latest exploration focus has been directed at its south Sanaga permit area located 60km from the Douala Port and within 10km of the main railway between Yaoundé and Douala. Sanaga’s primary advantage is its proximity to the existing port, rail and power infrastructure that carries potential for enhanced economics and closer timeline to production. Upfront capital costs have been estimated at $194 million to $298 million. The exact co-ordinates are currently not available however the approximate area of location is lat: 4.4988897; long: 11.4344121.
Project at a glance
South Sanaga Iron Ore Project, Cameroon is located in Cameroon. The project is classified in the Private sector. Its current recorded stage is L2B Shelved. The recorded project value is R 200 Million+.