CORPORATE ACTIVITY
The maiden mineral resource estimate of Aim-listed West African Minerals’ Cameroon assets has revealed a high-quality iron-ore resource with the potential to be developed into a low-cost, low stripping ratio openpit mining operation. The Sanaga licence recorded a Canadian Institute of Mining, Metallurgy and Petroleum- (CIM-) compliant inferred mineral resource of 82.9-million tonnes at 32.1% iron (Fe) at a 25% Fe cutoff grade to a depth of 150 m below surface.
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