Tanzania Minerals’ operational focus for 2014 will be to continue advance its current licence portfolio, systematically relinquish licences determined to no longer be a priority for the company and continue to seek out an advanced stage asset to acquire.

Following Tanzania Minerals’ 2013 programme to complete ground survey and initial soil sampling work within all its licences beyond the Mrangi project in order to start assessing its licence portfolio in Tanzania, the company plans to continue to further advance its licenses at Nyamwaga and Siga.

In 2013, the management also dedicated considerable time reviewing potential targets for acquisition, in particular advanced stage assets existing within Tanzania.  This culminated with Tanzania Minerals entering into a letter of intent to acquire an interest in the Ikungu project owned by MDN, which ultimately did not proceed but the company intends to keep reviewing opportunistic strategic growth alternatives in 2014.