Overview

TANZAMINVEST sources mining projects, which do not attract the mainstream investment pipeline, analyze the probabilities, then apply a tailor-made set of parameters to overcome the impediments. Investment or finance is then sought to set up a SPV to accommodate the asset for further investment or disposal. Such an investment opportunity currently exists in the south-west region of the Democratic Republic of Congo (DRC). We require $7 500 000 to execute phase 1, which will deliver 1,1Koz of gold per month. Further phases will ramp up production to 120Kt per month in equal increments over two years to realize a 10-year Life of mine based on current available information. The tenements totalling 14,260Ha are under explored, leaving 92% still to be covered. We have a JORC compliant resource of 678 000 oz gold from 14.85MT at a grade of 1.45g/t open-ended to the North, South and at depth and between pits. Our benchmarked business plan indicate a NPV of $118m.