investegate mwana africa plc announcements mwana africathe zani kodo g exploration project in the ituri district of the democratic republic of congo ("drc") covers g mining rights over 1,605 square kilometres in the orientale province. mwana is in a joint venture with the stateowned office des mines d'or de kilomoto (okimo) whichrestructured mwana africa plc is now mining profitablywhats new?the cost questionexploration assetsis mwana a h?back in august, mwana was very nearly down and out.its plan for the trojan nickel mine was unviable, the company was out of cash, and the price of g seemed to keep falling. luckily, thats all changed. sort of, anyway. firstly, mwana tapped its chinese backer, china international mining group corporation (cimgc) and cimgcs chairman, ning yat hoi, for a total of 6m through two equity raises. that was enough to meet immediate requirements and provide the funding needed to implement a revised plan fmwana africa boost size of zanikoko g resource, congofeb , 10· mwana africa (lonmwa) announced today that it has increased the size of its resource at the zanikoko g prospect in congo, west africa. the multicommodity group, which has an 80% interest in the area, revealed a % increase in the indicated resources and a 61% increase in the inferred resources, totalling 2,277 and 423,0 ounces of g respectively.ajn signs mou with sokimo re drc g licencesfeb 06, · zanikodo project (30percent interest) ajn will acquire 30 per cent of sokimo's zanikodo project, located in the eastern part of the motozani gfield in the northeast congo craton, host to the kibali g camp. the zanikodo project consists of four granted exploitation permits pe5081, pe5077, pe5079 and pe5078, covering approximatelyajn resources inc. clarifies april , news releaseapr , · ajn resources inc. announces update on the north congolese g project. "the zanikodo project geology and resource report, february " issociete des mines d'or de kilomotoit is possible that as much as 25.7m ounces of g are present. in the center is the zanikodo area. to the south is the mongbwalu field, a 10, square kilometres (3,900 sq mi) concession to the north and east of bunia that is mainly owned by anglog ashanti with the drc parastatal office des mines de kilo moto (okimo) hing a .78% interest.african g developers and producers are benefiting fromoct 24, 09· londonlisted mwana recently announced an initial resource of 452, ounces of g outlined on the zanikodo trend within the kilo moto g% increase in zanikodo g resource mining newsoct 02, · the zanikodo project, located in the ituri region of the democratic republic of congo, has had a % resource update. mwana africa reveals that the total combined jorc compliant g resource now stands at 2.975moz at 2.43 g/t (based on a cutoff grade of 0.5 g/t), a % increase to the february resource update statement , which was itself a 30% increase to the previous february
drc barrick, eckhof, sokimo, fimosa for all the g inmar 10, · barrick and anglog were unhappy with the transaction as they had been kept out of the loop and opposed the deal. for its part, ajn claims to still be conducting due diligence work on other g exploration permits in the area with the view to purchase sokimo's 30% to 35% shares in zanikodo, giro, wanga (tendao), nizi and kibali south.asa resource group plc annual financial report advfnjul , · zani kodo g project in drc jorc compliant measured, indicated and inferred resource size 2,972,502 ounces of contained g at a grade of 2.43 g/t ownership joint venture in which asa has an 80% stake. status exploration in progress . maligreen mining company (pvt) in zimbabwemwana in g jv in the drc miningreview sep 03, 09· kalaa mpinga, ceo, mwana london, england miningreview 03 september 09 mwana africa plc an africanfocused mining exploration and development company has announced that it is to establish a joint venture company, to be called newco, with loffice des mines dor de kilomoto (okimo), which will h the mining titles for its zanikodo g project in thesociété des mines dor de kilomoto zittergie'slocationcolonial periodpostcolonial developmentskilo moto is a semicontinuous greenstone belt in the northeast of the drc. in the northern part, the moto gmines project has an aggregate lease area of 1,841 square kilometres (7 sq mi), with most activity centered on a 35 square kilometres ( sq mi) area around the durba g mine. it is possible that as much as 25.7m ounces of g are present. in the center is the zanikodo area. to the south is the monsee more on zittergies.beajn resources inc. announces defined historic mineralapr , · the zanikodo prospect is located in the eastern portion of the motozani gfields and consists of 4 exploitation permits, pe5081, pe5077, pe5079, pe5078 covering approximately 1,605km 2.district de l'ituri en ligne mars mar , · the zanikodo operation, which was abandoned in 64 owing to a civil war in the former belgian colony, reached total production of 572 t. at the time of abandonment, the sulphide reserve was reported to be 352 t at 8, g/t. du plessis says, 'we started the exploration at zanikodo in june 06 by mobilising one drill rig in the area.'ajn resources inc. enters g province in thefeb 07, · zanikodo project (30%) ajn will acquire 30% of sokimo's zanikodo project located in the eastern part of the motozani gfields in the northeast congo craton, host to the kibali gestimated reading time minssec.gov homeg is widely distributed in these belts and has produced numerous prospecting targets. in northern drc, greenstone belts in the ituri district hosts the kilomoto gfield, which includes the moto and zanikodo g mines. in loncors ngayu project area, the adumbi and yindi mines were operated by
mwana africa bus exhe is equally excited about the prospects for mwana africa in developing the group's major exploration focus, the zanikodo g project in the democratic republic of congo zanikodo is a large and highly prospective project situated in what is fast becoming a g province of major world significance, he says. a major drilling campaignsociete des mines d'or de kilomotoin the northern part, the moto gmines project has an aggregate lease area of 1,841 square kilometres (7 sq mi), with most activity centered on a 35 square kilometres ( sq mi) area around the durba g mine. it is possible that as much as 25.7m ounces of g are present. in the center is the zanikodoafrica mwana africa aims to increase g productioncurrent g exploration at the zanikodo in drc will result in an additional 250 oz when the first and second phases are finished by . mwana's eventual output target is 400 oz after .ajn resources to make congolese g investments shinejun 25, · ajn plans to acquire from sokimo its 30% stakes in zanikodo, nizi, and kibali south, and 35% stakes in giro gfields and wanga (tendao). canadianlisted junior miner ajn resources opposed an attempt to block the companys plan to purchase five g projects in the democratic republic of the congo, saying the country needed it to add valuemwana africa could spin off zanikodo g mine metalmay 24, · mwana africa could spin off its zanikodo g mine in the democratic republic of congo (drc), to create a different risk profile to that of its assets in zimbabwe, finance director donald mcalister t mb on tuesday as the company announced a share placing to raise million. the perception of risk in zimbabwe has had an effect on fundmwana africa plc zanikodo g resource update advfnfeb 26, · table 1 zanikodo project g resource figures, february . initial results from lelumodi target area the lelumodi target is located 4km se of the kodo area (figure 1) and is situated on a prominent g in soil anomaly with a strike length of 4,m. the first phase of drilling on this anomaly which commenced in has been completedthe project zanikodo is in advanced discovery stagehistory of the zanikodo project the historical zanikodo operation reached a total production of 572,t at 6.5g/t (mining highgrade veins), but was abandoned during the civil war in 64 geology of the zanikodo project zanikodo's mineralised zonekilomoto it is possible that as much as 25.7m ounces of g are present. in the center is the zanikodo area. to the south is the mongbwalu field, a 10, square kilometres (3,900 sq mi) concession to the north and east of bunia that is mainly owned by anglog ashanti with the drc parastatal office des mines de kilo moto (okimo) hing a .78% interest.