Through Minbos Ltd (www.minbos.com), traded at ASX – Australian Stock Exchange – the Cabinda Project contains one development project – Cacata and five advanced exploration projects; Mongo Tando, Chibuete, Ueca, Chivovo and Cambota. All of these projects lie within 50km of the coast and within 0.5km of the established road infrastructure providing an excellent economic basis for the Project.
Located within 80km of Cabinda town via newly re-surfaced bitumen roads.
Exploration license covers 200,000 hectares and extends from Mongo Tando prospect in the west to the Cacata prospect in the east.
The prospect reach the coastline with the main body an average of 30km from the coast and Cacata 90km.
Cacata Main Facts
391.3MT at 9.25 P205 (5% cut off grade JORC).
Multiple beds from 5-28m thick averaging 14m grading from 10-34% P205.
Beds well defined by previous drilling hosted in grabens.
Total historical drilling of 45,000m.
Interpreted average strip ratio based on drilling is 4:1.
Historical metallurgical test work produced a contrate of 34-36% P205 with recoveries greater than 75%.