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sable mining africa ltd (SBGGF) Snapshot

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sable mining africa ltd (SBGGF) Details

Sable Mining Africa Limited, a resource company, engages in exploring and developing a portfolio of assets, primarily focusing on iron ore and coal deposits in Africa. The company’s portfolio of iron ore projects include Kpo Range concession covering approximately 532 square kilometers located in Liberia; and interest in the Nimba project covering approximately 123.5 square kilometers located in south-east Guinea. Its coal projects comprise the Lubu coal project covering approximately 19,236 hectares in north-western Zimbabwe; the Lubimbi coal project comprising approximately 16,545 hectares in the Gwaai area of the Kariba Coal Basin; and the Rietkuil coal project located in the Mpumalanga province of South Africa. The company 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.

291 Employees
Last Reported Date: 08/23/12
Founded in 2007

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sable mining africa ltd (SBGGF) Key Developments

Sable Mining Africa Limited Announces Positive Results from Exploration at Kpo Iron Ore Project

Sable Mining Africa Limited announced encouraging initial results from an internal XRF analysis of soil samples, taken as part of its early stage regional surface mapping and sampling programme on the 532 sq km Kpo Iron Ore Project in northern Liberia. The Kpo Project is located in the highly prospective West African Shield, where a number of world class iron ore projects are currently being developed. Positive initial in-house XRF results from a total of 314 soil samples taken across the central-northern and north-eastern section of the Kpo Project. 27% of the samples taken have iron in soil values that range from 20% to 64.4%. Ground mapping and sampling at Sable Mining's 60% owned Kpo Project commenced in February 2012. The Kpo Project is located in a highly prospective area between Sese Goa's Western Cluster (Bong Mine) and Wologisi.

Sable Mining Africa Limited Announces Drill-Testing an Extension to the Area of Mineralization at Nimba Iron Ore Project in Guinea

Sable Mining Africa Limited announced that it is going to be drill-testing an extension to the area of mineralization covered by the recently completed JORC Resource report at the company's Nimba Iron Ore Project in Guinea. Extension area is approximately 200 m wide and up to 3.9 km in length. Extension has an exploration target potential of between 45 Mt and 80 Mt of canga. Potential to increase the Nimba Project's current JORC Resource of 121.5 Mt. Current JORC Resource covers only Plateau 2 and a portion of Plateau 3. 37 borehole programme planned for second quarter 2013 to test the quantity and quality of new area of mineralization. The Nimba Project has already demonstrated itself to be one of West Africa's premier high grade iron ore deposits, and the significant mineralized extension on two of the three plateaux further reiterates the quality of the deposit and the commercial value of its development. The Sable Mining exploration team has identified an area underlain by canga contiguous to the orebody modelled on Plateau 2 and 3 of the Nimba Project, which had remained open to the north-west following the drilling campaign concluded in March 2013.

Sable Mining Africa Limited, Annual General Meeting, Mar 21, 2013

Sable Mining Africa Limited, Annual General Meeting, Mar 21, 2013., at 14:00 GMT Standard Time. Location: Richmond Richmond House.

 

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