Monday, December 22, 2014 11:18:56 AM
BMIN Nthale Iron Ore, Malawi
In 2009 Britannia Mining was granted Exclusive Prospecting Licenses to conduct mineral exploration activities over a total area of 650km2 at Nthale, near Blantyre in Malawi. It is their intention to develop 100 million tons of ore at Nthale, sufficient to constitute a World Class Resource. Within the exploration plan, the company has corporate milestones to deliver a CPR (competent person’s report).
From magnetic imaging studies that have been completed over an initial area of 20km2, the company has located a number of ore bodies at Nthale Hill, Nthale North and Mphate. Their geologists have already estimated 4.6 million tons of surface ore in one small area “Nthale Hill”. Grab samples taken from the hill show an iron component of 68% Fe, indicating a high quality mineral rich ore. The company is focused on fast-track drilling to extract core samples at this site.
In 2009 Britannia Mining was granted Exclusive Prospecting Licenses to conduct mineral exploration activities over a total area of 650km2 at Nthale, near Blantyre in Malawi. It is their intention to develop 100 million tons of ore at Nthale, sufficient to constitute a World Class Resource. Within the exploration plan, the company has corporate milestones to deliver a CPR (competent person’s report).
From magnetic imaging studies that have been completed over an initial area of 20km2, the company has located a number of ore bodies at Nthale Hill, Nthale North and Mphate. Their geologists have already estimated 4.6 million tons of surface ore in one small area “Nthale Hill”. Grab samples taken from the hill show an iron component of 68% Fe, indicating a high quality mineral rich ore. The company is focused on fast-track drilling to extract core samples at this site.
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