Private UK-based junior miner Andiamo Exploration is seeking to raise $2 million to undertake exploration at its licences, in Eritrea, and continue the development of its mines.
Speaking at the Junior Mining Indaba, in Johannesburg, CEO Tim Williams on Thursday said the company, in which mineral exploration company Ortac Resources holds an 18.5% stake, was currently exploring the Haykota volcanogenic massive sulphide licence, which covered 271 km2.
Williams pointed out that the company had just completed a 16-hole drilling programme at the project, with samples currently undergoing preparation before being shipped off for analysis, which should be completed within the next six weeks.
The miner is now targeting multimillion-tonne massive sulphide copper, zinc and gold surface deposits within the licence, as well as multimillion-ounce shear-hosted gold deposits at surface.
It is also advancing its Yacob Dewar gold project, which has the potential to become a low-cost near-term mine.
Turner & Townsend to Manage Post FEED EPC Bid Scope for Colluli Potash Project
Danakali Limited (ASX:DNK) and its Joint Venture Partner – the Eritrean National Mining Corporation (“ENAMCO”), are pleased to announce that global construction and project management consultants – Turner & Townsend, have been appointed to the Colluli Sulphate of Potash Project to define the full scope of the EPC bidding requirements as the front-end engineering design process progresses.
With over 4,000 employees spread across 90 offices in 38 countries, Turner & Townsend work predominantly for owner’s teams in major capital project developments around the world and have extensive experience globally and within Africa across the infrastructure and energy and mining sectors. Turner & Townsend also carry potash specific experience from work undertaken in both the UK and Canada. Core competencies include programme strategy and set up, programme management, project management, and procurement, cost and commercial management.
Managing Director, Paul Donaldson commented “We have engaged Turner & Townsend to provide support and advice that will: optimise project set up at the execution stage; facilitate the development of the procurement, construction, commissioning and contracting strategies; and review risk and mitigations through execution of stakeholder engagements”.
Colluli is the shallowest known evaporite deposit in the world with a solid form ore reserve estimate of over 1.1bn tonnes1 . Permitting for the project was completed in February 2017, providing the Colluli Mining Share Company (CMSC) exclusive rights to apply for mining licenses within the Colluli tenements. Seven mining licenses have also been granted.