Page 18 - Sundance Resources Ltd Annual Report 2013

16 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013
GRANTING OF THE NABEBA
MINING PERMIT, REPUBLIC
OF CONGO
On 28 December 2012, the Ministerial Council for the Republic of Congo approved
Congo Iron SA’s application to develop and mine the high-grade Nabeba Iron Ore deposit.
The Council confirmed that it had reviewed the application and recommendation by the
Minister of Mines and approved the issue of the Nabeba Mining Permit.
The Nabeba Mining Permit was awarded in February 2013 by Presidential Decree number
2013-45, replacing the previous decree for Exploration Permit 2011-280, covering the
Nabeba deposits. The adjoining Ibanga Exploration Permit was also renewed for a further
two years of exploration research work in August 2013 by Presidential Decree number
2013-405.
Nabeba is a pivotal part of Sundance’s Mbalam-Nabeba Iron Ore Project as the deposit is
critical to underpin Stage One of the development.
The awarding of the Nabeba Mining Permit, coupled with the signed Mbalam Convention
in Cameroon, paves the way for work to commence on a world-class iron ore operation in
Central Africa once financing is in place. It will bring significant economic, financial
and social benefits to the people of the region.
BELOW: Sundance CEO & MD discusses
the Nabeba Project with the President of the
Republic of Congo, Denis Sassou Nguesso