EXPLORATION DRILLING PROGRAMME AT ABU MARAWAT
PROJECTS AND EXPLORATION • feed , future mineral resources discovered by Arcadia outside of the Swanson Project could be processed at Swanson .”
Highlights Construction funding of not less than USD7-million secured from HeBei Xinjian Construction CC in return for an interest in the Swanson Tantalum Project on the following terms :
• HeBei is to construct a plant infrastructure , execute mine development and commissioning of a Multi Gravity Separation plant ( MGS ),
• Commissioning entails Hebei constructing the plant to detailed engineering specifications to be provided by Arcadia , and HeBei is to receive a 38 % equity interest in Orange River Pegmatite ( Pty ) Ltd ( ORP ) upon fulfilling its obligations
• Plant designed to receive circa 20 000t of feed per month
• Production expected by Q1 / 2025
• Off-take discussions well advanced with several off-take parties
• Construction operations by HeBei were to commence in the near future
• Arcadia to retain a see-through 49.6 % project interest in Swanson following construction and commissioning
• Arcadia to retain an 80 % project interest in its Ni / PGE and hard rock pegmatite exploration licences ( EPL7295 and EPL5047 )
• DFS expected to be delivered shortly
Source : HotCopper
EXPLORATION DRILLING PROGRAMME AT ABU MARAWAT
Location : Egypt Phase : Exploration Resource : Gold
Aton Resources Inc . announced earlier this year that it has commenced a 10 000m programme of reverse circulation percussion exploration drilling at its 100 % owned Abu Marawat Concession in the Eastern Desert of Egypt .
Tonno Vahk , interim CEO said , " We are delighted to finally be in a position to get out and drill some of our regional targets for the first time at Abu Marawat . We have no doubt that we have one of , if not the most , prospective package of gold exploration projects in Egypt . The team on the ground has worked hard to get this programme
www . africanmining . co . za African Mining Publication African Mining African Mining • October 2023 • 11