Overview

Dual exclusive prospecting license’s on twenty farms totaling 100,000 hectares northeast of Rehoboth and 46km south of the capital city, Windhoek. Nearest port Walvis Bay, 300km from mine.

The open cast mine is in a “brownfield status” as some of the prospecting needs to be completed and is underway with the latest Drilling Report completed August/September 2013.

Types of iron ore

Magnetite and Hematite with grades >64% (up to 70%) content for both.

Manganese

The Manganese grades are >40%.

Reserves’

Iron ore:               estimated 400 million metric tons in situ

Manganese:         estimated 100 million metric tons in situ

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