Page 7 - Sundance Resources 2014 Annual Report

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014 5
ABOUT CAMEROON
Former British and French colony that gained
independence in 1960 as a presidential
republic.
Population: approx. 20 million
Land area: 475,442 km2
Capital: Yaoundé
GDP: $22 Billion
Resources: Timber, Iron Ore, Agricultural
Products including tea, coffee, sugar, rubber,
palm oil and tobacco
ABOUT THE REPUBLIC OF CONGO
Former French colony that gained full
independence in 1960 as a presidential
republic.
Population: approx. 4 million
Land area: 342,000km2
Capital: Brazzaville
GDP: $11.5 Billion
Resources: Oil, Gas, Gold, Phosphates,
Iron Ore
Sundance’s strategic focus has now shifted from
exploration to project development. In April 2013,
the Sundance Board approved a renewed project
development strategy.
This strategy involves the development of the port, rail,
mine plants and associated infrastructure and mine
development via EPC contracts which are supported by
debt funding from Export Credit Agencies, Development
Finance Institutions and Commercial Banks.
This also allows for alternative equity structures in the
infrastructure and mines, with different parties and
ownership structures for both areas. This is underpinned
by a secure offtake contract which allows for potential
equity participants to get offtake ownership if required.
Over the past year Sundance has continued to deliver on
this strategy by achieving a number of key milestones.
Each cleared milestone has further de-risked the Project
and strengthens the Company’s position to secure
financing and commence construction, which will start
following financial close.