Majimba Exploration- Mbuji Mayi Valley
- Democratic Republic of Congo: Mbuji Mayi (MJM) Valley historically significant for diamond exploration and mining- approx. 20% of total world historical carat production.
- The confirmed Targets have the potential of delivering “mid-tier” mines- mapping has been concluded and sampling and evaluation to be completed in a Phased approach.
- Massive potential project value uplift (first confirmed new African kimberlite discovery in a decade).
- Skilled technical and operational team (experience: Angola, Botswana, Sierra Leone, Lesotho, Namibia, South Africa, DRC, Central African Republic, Gabon, Zimbabwe, Australia, Canada, Russia).
- The current information in the possession of management equates to approximately 5 years of exploration work to identify evaluation targets.
Team Philosophy
- flat management- strong in-country management team and operational presence
- low cost operating structure present “in-country”
- Entrepreneurial spirit – innovation, value creation, ability to independently complete the evaluation process
- Best practice followed: from technical design to Kimberley Process compliance
- Track record of delivery: geology, process engineering, mining, marketing
- Diverse skills network
- Excellent reputation in diamond industry
- Strong knowledge of diamond deposits worldwide
Phase 1
Existing Infrastructure and Equipment
Phase 1 Budget: ca. $3.1M
Initial Risk Capital to initiate Project:
$ 850 000 (included in Phase 1 budget)
Deliverables:
- Due diligence – NewCo with Tenure.
- Upgrade MJM Base and acquire transport and equipment.
- Geophysical surveys over Target 1, 2 and 3 area to determine size, shape and resolve anomalies (Target 2 and 3).
- Microdiamond (MiDa) analyses of Target 2 and 3.
- Formalise Earn-In Agreement for all phases.
Phase 2
Sampling plant setup and microdiamond analyses
Phase 2 Budget: ca. $4.8M
Deliverables:
- Construct 20tph sampling plant in South Africa (RSA).
- Transport sampling plant to DRC site.
- Complete MiDa analyses and assess results for Target 2 and 3.
- To continue with production once evaluation of Target 1, 2 and 3 is completed, until an appropriate unit for the project is sized, acquired and commissioned.
20TPH SAMPLING PLANT
Plant Specifications:
- 20tph Modular skid mounted primary and secondary crushing plant.
oFeed preparation plant.
oScrubbing module.
oInterplant conveyors, electrics, piping and process water pump.
- 10tph DMS complete with catch sump.
- Containerised Flowsort™ recovery unit with single pass x-ray and ancillaries.
- 550kVa Generator.
Including cabling between gensets and MCC’s
Phase 3
Evaluation of Target 1 kimberlite pipe and Target 2 and 3 anomalies, if positive
Phase 3 Budget; ca.$7.45M
Deliverables:
- Target 1 sample to generate 3,000 cts for grade (carats per cubic metre) and revenue profile (US$/ct per size class).
- Target 2 and 3, if positive, sample to generate 3,000 cts each for grade (carats per cubic metre) and revenue profile (US$/ct per size class).
- Plant centrally located to process Target 1 and 2 samples, with additional infrastructure only required for Target 3.
Phase 4
SAMREC Equivalent Competent Person’s Report (CPR) and Preliminary Economic Assessment (PEA).
Phase 3 Budget; ca.$7.45M
Deliverables:
- Target 1 sample to generate 3,000 cts for grade (carats per cubic metre) and revenue profile (US$/ct per size class).
- Target 2 and 3, if positive, sample to generate 3,000 cts each for grade (carats per cubic metre) and revenue profile (US$/ct per size class).
- Plant centrally located to process Target 1 and 2 samples, with additional infrastructure only required for Target 3.
CURRENT DREDGING OPERATION
SAMREC Equivalent Competent Person’s Report (CPR) and Preliminary Economic Assessment (PEA).
- Three 8” dredging units with accessory equipment including, dinghies, jig recovery, bathymetric survey unit, tented camp as well as 5-ton truck, motorbikes and LDVs (support vehicles).
- Management team on the ground with strong in-country and operational knowledge of the DRC diamond bearing rivers.
- Dredge targets on and adjacent to the kimberlite target concession area.
- Dredging budget – Immediate $400 000 – totaling $4.1 million over three-year period.
