Page 6 - Sundance Resources 2014 Annual Report

4 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014
Cameroon
Equatorial
Guinea
Republic
of Congo Gabon
Nabeba
Mbarga
Kribi
Multi User Port
Lolabe Mineral
Terminal
Yaoundé
Douala
Mbalam Transport Corridor Route
Other Iron Ore Projects Sundance Iron Ore Deposits 50 100 0
THE MBALAM-NABEBA
IRON ORE PROJECT
The Mbalam-Nabeba Iron Ore Project is an emerging
world-class iron ore project based around a group of
large scale, high grade hematite and itabirite deposits that
span the border between two countries, the Republic of
Cameroon and the Republic of Congo, in Central Africa.
The Project scope is:
• Construction of 510km rail line and 70km rail spur line
for the transport of iron ore to the Cameroon coast;
• Construction of a new deep water iron ore mineral
terminal capable of taking bulk iron ore carriers in size of
up to 300,000 DWT; and
• Mining 35 million tonnes per annum (Mtpa) from iron ore
deposits in both Cameroon and Congo for a minimum
of 25+ years.
Stage One: production of a Direct Shipping Ore
(DSO)-quality sinter fines product averaging 62.6% Fe
at a rate of 35Mtpa for at least 10-12 years based on
blending material sourced from the Deposits in both
countries.
Stage Two: Continued production rate of 35Mtpa of
the Itabirite resource which would require beneficiation
into a concentrate product grading between 66% - 68%
Fe for a further 15+ years.
Sundance released the results of its Definitive Feasibility
Study (DFS) for Stage One and Pre-Feasibility Study
(PFS) for Stage Two in 2011, which confirmed a
technically and economically robust project.