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FONGO TONGO
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Key Facts
Location:
Cameroon
14 km NW of DSCHANG Commodities: Aluminum
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Latest Information April 17, 2008 Recent sampling indicated grades of up to 54% Al2O3 at surface. After satisfactory completion of due diligence in the June quarter, the priotities will be 1) to prepare an exploration and drilling program based upon a desktop review of the previous data and on-site review; 2) to convert any previous resource to JORC compliant status, if possible, and to fast track trenching and drilling to estimate JORC resource of 100 Mt; 3) to initiate an optimisation study to access infrastructure and all factors affecting project economics including hydroelectric power, slurry pipeline and economics of exporting bauxite versus alumina; and 4) given the favourable mineralogy of the resource, evaluate all options including the likelihood of an Alumina refinery in the medium term. |
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