3246L is located 58km South East of the city of Tete and covers approximately 202km². The tenement is located 45km south east of the Moatize Coal Mining Camp (Vale) and adjoins the tenements held under licence by Rio Minjova (Mittal Steel JV) and Global Steel Holdings. The refurbished Moatize-Beira railway line passes some 12km to the east of this licence.
The Company has a 70% interest in this tenement, with the remainder held with local partners including Camal & Companhia Lda. Geological mapping and ground verification indicates the potential for Upper Karoo sediments that may overly coal bearing Lower Karoo sediments in the northern portion of the license.
The Company’s recent capital raising has ensured sufficient funding to undertake the initial exploration programme. The planned drilling programme will involve an estimated 3-5000m of core drilling. Initially 3 to 5 wide-spaced deep drillholes are planned at 500-1000m spacings. This will be followed by systematic wide spaced drilling to determine the extent of the coal bearing stratigraphy. All drill holes will be geophysically logged. The programme will be followed by resource definition drilling in areas of mineralisation.
3246L Local Geology Tenement Map