Exploration Highlights

Key Projects

Tonkolili Iron Ore Project stretches 30 km over the Numbara, Simbili, Marampon and Kasafoni deposits
Current JORC compliant iron ore magnetite deposit of 5.1 Bt with potential to grow the resource to over 10 Bt
99 year lease signed with Government of Sierra Leone over key port and railway infrastructure
Construction of over 200 km of heavy haul rail system across Sierra Leone
Redevelopment of Pepel Port, and design and development of 45mt capacity port at Tagrin Point in the third largest natural harbour in the world

African Minerals carried out the largest exploration drilling programme in Africa in 2009. The expedited drilling programme allowed resource estimation to be undertaken within nine months of commencement of drilling.
The drilling campaign proved a JORC compliant iron ore magnetite resource of 5.1Bt at 30.0% Total Iron. Optimised Davis Tube Recovery (DTR) testwork yielded magnetic concentrates with Iron content greater than 68% at mass recoveries over 30%.
The Government of Sierra Leone renewed the Company's Exploration Licence at Tonkolili for a two year period with effect from 1 July 2009. The licence was also increased by 17.9 square kilometres, to a total area of 227 square kilometres.
African Minerals appointed WorleyParsons Europe Ltd to undertake the Definitive Feasibility Study and Front End Engineering Design programmes for Tonkolili and related infrastructure projects.
African Minerals' Tonkolili Projects was awarded "Most Effective Corporate Social Responsibility Project" by the prestigious International Year of Planet Earth (IYPE) Award 2009 recognised by the United Nations. The award marks innovation, beneficial excellence and significant achievement in the area of environmental enhancement and sustainability of the Earth's resources.
African Minerals is in advanced discussions with several large industrial corporations in Asia, which could involve an offer for the funding of the development of its world-class iron ore asset at Tonkolili