|Manica Province, Mozambique, Africa|
|Operator: Mutapa Mining & Processing LDA (“MMP”)|
- 1.262 moz SAMREC compliant Au Resources (782koz measured and indicated)
- Construction in progress
- Additional nearby prospects for further exploration success, namely: Guy Fawkes, Boa Esperanza, Dot’s Luck, all have declared resources
Manica is located in the Odzi-Mutare-Manica Greenstone Belt of Mozambique and comprises of several deposits on Xtract’s Resources Plc mining concession licence 3990C which includes four main deposits being Fair Bride, Guy Fawkes, Boa Esperanza, and Dots Luck.
MMP and Xtract have entered into an to a collaboration and profit-share arrangement whereby MMP will build, finance and operate a carbon-in-leach (CIL) plant to process ore mined from Xtract’s concession.
Fair Bride is the main deposit and has a SAMREC compliant resource statement and Empress is currently in the process of updating this to National Instrument 43-101 standard. Engineering and construction of the plant is also advancing. Empress will provide a further update on Project progress in due course.
The above information comes from various sources including the public domain, and Empress Royalty has been unable to verify the information.