Technology Minerals provides update on Cameroon licences
Published by Jessica Casey,
Editor
Global Mining Review,
Further to the announcement on 27 June 2022, Technology Minerals Plc, the first listed UK company focused on creating a sustainable circular economy for battery metals, has announced that the Cameroon Ministry of Mines, Industry and Technological Development has confirmed that the five exploration permits at the Technology Minerals Cameroon (TMC) Property have been validated under Cameroon law and granted to the company.
The property covers an area of 2456 km2 in south-eastern Cameroon, proximal to the world-class Nkamouna nickel-cobalt laterite deposit, 600 km by road east of the port city of Douala, and 400 km by road east of the capital of Yaoundé. At least three of the permits are in areas considered prospective for nickel-cobalt rich laterite.
To date, TMC has performed a reconnaissance exploration on the five permit areas, which entailed geochemical evaluation, soil sampling, and lithogeochemical (rock) sampling. With the approval of the permits finalised, the company plans to continue further exploration and perform a more detailed remote sensing study of the area for nickel, cobalt, and manganese.
Alex Stanbury, CEO of Technology Minerals, said: “We are pleased to receive confirmation that these exploration permits have been validated and awarded to the Company. With the prospect located near the world-class Nkamouna nickel-cobalt laterite deposit and covering around 2500 km2 in an area considered prospective for nickel and cobalt, we look forward to further exploration work to increase our understanding of the prospect’s potential.”
Read the article online at: https://www.globalminingreview.com/exploration-development/28022023/technology-minerals-provides-update-on-cameroon-licences/
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