TANZANIA - SEARCH RESULTS
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“This appointment has kickstarted project development activities, with the mobilisation of bulk earthmoving equipment now under way."
Work is continuing with two rigs focussed on infill drilling within the inferred mineral resource open pit to generate indicated resources.
Ngualla is one of the largest rare earth projects in the world.
Its positioning being its main asset, the Lobito Corridor is the shortest route between the DRC, the Copperbelt, and a deep-water seaport.
This will position Volt Resources as a globally significant and diversified graphite producer.” - Trevor Matthews
The placement will support Peak as it progresses offtake, funding and development milestones for Ngualla and the Teesside Refinery.
Its globally broadened exploration programmes delivered substantial reserve gains and stepped up the search for new world-class discoveries.
Tanzania, once pinned as a destination of choice for juniors far and wide, took a turn for the worse when legislation changes some years back and a heavy dispute with Acacia over tax claims saw investors turn their attention to other jurisdictions.
In 2021, Barrick expanded its exploration portfolio with other prospective new property positions in Tanzania, Guyana, Japan and Nevada.
With funding in place secures all legal costs associated with arbitration. Indiana is adequately resourced to deliver a positive outcome.