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sable mining africa ltd (SBGGF) Snapshot

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52 Week High
02/3/14 - $0.21
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12/23/13 - $0.12
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1.1B
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sable mining africa ltd (SBGGF) Details

Sable Mining Africa Limited, a resource company, is engaged in exploring and developing iron ore and coal projects in Africa. It principally holds interest in the Nimba Iron Ore Project covering approximately 123.5 square kilometers located in south-east Guinea. The company was formerly known as BioEnergy Africa Limited and changed its name to Sable Mining Africa Limited in November 2009. Sable Mining Africa Limited was incorporated in 2007 and is based in Road Town, the British Virgin Islands.

165 Employees
Last Reported Date: 09/9/13
Founded in 2007

sable mining africa ltd (SBGGF) Top Compensated Officers

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sable mining africa ltd (SBGGF) Key Developments

Sable Mining Africa Limited Presents at Mining Capital Forum 2014, Jun-19-2014 03:15 PM

Sable Mining Africa Limited Presents at Mining Capital Forum 2014, Jun-19-2014 03:15 PM. Venue: Taj, 51 Buckingham Gate, London, United Kingdom. Speakers: Jim Cochrane, Executive Chairman.

Sable Mining Africa Limited Announces JORC Code Compliant Resource Update at the Nimba Iron Ore Project

Sable Mining Africa Limited announced a further JORC Code compliant Resource update at the Nimba Iron Ore Project in south-east Guinea following expansion exploration drilling on a limited area of Plateau 3. Increase in total JORC Resource to 181.8 million tonnes ('Mt') at an in-situ grade of 58.8% iron ('Fe') estimated at a Fe cut-off of 40% - 10% increase in Indicated Resource to 148.4Mt (from 134.4Mt) - Updated Resource statement includes data from an additional 36 diamond drill holes - Updated Resource further demonstrates the potential upside to the robust fundamentals demonstrated in the Preliminary Feasibility Study ('PFS') - PFS was based on a maiden JORC Probable Reserve of 53.96Mt at a grade of 61.6% Fe (January 2014) which was derived from the August 2013 JORC Resource of 135.5Mt at the rate 59.4% Fe - Metallurgical sampling on-going - shipment of the initial 4,000kg of sample ore from Plateau 2 sent to Perth, Western Australia for sinter testing, decrepitation and drop testing - Drill rig now repositioned on Plateau 3 for the purpose of generating additional material for metallurgical testwork and progressing the marketing study - Reverse Circulation ('RC') infill drilling now completed on Plateaux 2 and 3 and samples being sent for testing. The updated JORC code (2012) compliant resource estimate was conducted to incorporate an additional 36 diamond drillholes drilled at Plateau 3. The deposit consists of detrital iron mineralisation known as 'canga' that has been deposited in palaeochannels adjacent to the Mount Nimba mountain range. Sable Mining has drilled 304 diamond drillholes in and around the current P2N, P2S, P2E, P3N and P3S areas. The majority of the drillholes are orientated vertically while the remaining 74 are inclined. The average depth drilled is 19.0 metres. The total length currently drilled in these areas is 5,772.8 metres. The drillholes are located along drill lines orientated north-easterly. The spacing of the drill lines and drillholes along the lines results in drilling grids of 400 metres by 400 metres, 200 metres by 200 metres and 100 metres by 100 metres.

Sable Mining Africa Limited, Annual General Meeting, May 13, 2014

Sable Mining Africa Limited, Annual General Meeting, May 13, 2014., at 12:30 Atlantic Standard Time. Location: St Peter Port,Richmond House, St Julian's Avenue.

 

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