Page 8 - Sundance Resources 2014 Annual Report

6 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014
HIGHLIGHTS 2013/14
• Binding off-take agreement signed with
international trading giant Noble Resources
• Engineering, Procurement and Construction (EPC)
contracts signed with Mota-Engil Africa for the
Project’s Port and Rail infrastructure
• Prominent Australian business leader and highly
experienced construction executive Mr. Wal King
appointed to the Sundance Board and elected as
incoming Chairman
• Front End Engineering Design (FEED) study
awarded to Fluor Australia for the Mbarga and
Nabeba mine plants and associated infrastructure
• Indicative prices acquired for the development of
the mines and mining operations
• The Nabeba Mining Convention signed with the
Republic of Congo Government
• Port and Rail Concession Agreements signed in
Cameroon
• Cameroon and Congo Certificates of
Environmental Conformity renewed
• Preliminary site works underway in-country,
including trial mining
• Sintering test work delivers positive result indicating
the strong marketability of the Mbalam-Nabeba
product as high quality premium iron ore fines
• Standard Bank appointed Financial Advisor
and non-exclusive Lead Debt Arranger for
project-level funding
• Discussions underway to secure equity and
debt project financing
• Raised $40M through convertible note to new
strategic investor Mr. Gennadiy Bogolyubov
• Forest Management Unit 10-034 in Cameroon
secured for conservation purposes to offset
Project’s environmental footprint
• Continued commitment to diversity and a national
workforce with more than 85% of in-country
employees Cameroon and Congo nationals
• No permanent or serious injuries sustained by
employees throughout the year
Trial mining at Nabeba, Republic of Congo