The Cameroon Project is located in the southwestern region
of Cameroon, West Africa and covers approximately 3,900km2
comprising three granted exploration permits and one
exploration permit application. The granted permits are
prospective for iron ore in the form of direct shipping ore
(DSO) itabirite-magnetite and itabirite, while the permit
application has gold potential.
Cameroon
Project Location Map
Legend announced
on 4 September 2009 the signing of a legally binding Heads
of Agreement (HOA) with Camina SA to explore for iron ore in
Cameroon, which gave Legend the right to acquire a 90%
interest in the Project via a 90% ownership of Camina. (ASX
Announcement:
4 September 2009).
Following initial
exploration involving field reconnaissance and an extensive
2,566km2 aeromagnetic / radiometric survey (click
here to view aeromagnetic image) over the Ngovayang
Project, Legend decided to exercise its right to acquire 90%
of Camina SA. (ASX Announcement:
5 February 2010).
Camina, its
consultants and advisors have substantial experience and
expertise in dealing with mineral projects, infrastructure
and government relationships in Cameroon. Legend will access
Camina’s capacity across these areas to advance the
projects. Legend Managing Director Mark Wilson said that his
team was attracted to the potential scale of the Project,
its proximity to existing road, rail and port infrastructure
and the people who come with the deal.
Ngovayang Project Area
The Ngovayang
Project comprises two granted exploration permits with iron
ore potential and an exploration permit application adjacent
to Ngovayang which has potential for gold mineralisation.
Regional mapping
of the Ngovayang Permit was originally undertaken by BRGM in
1986,
click here to view the geology map. This mapping
identified a NE-SW trending package of Archaean to
Proterozoic age quartzitic metasediment, gneiss and
amphibolite, as well as numerous itabirite units containing
millimetre to centimetre thick bands of magnetite.
Within the
Ngovayang Project, 115 strike km of itabirite has been
identified in 24 separate zones. These itabirite zones,
which can contain 20-45% Fe, are considered possible
precursors for the formation of higher grade DSO
mineralisation by supergene and/or alteration processes.
The Ngovayang
aeromagnetic survey results identified the occurrence of
itabirite (magnetite-bearing metasediments) on a larger
scale than previously known information indicated,
confirming the iron ore prospectivity of the Ngovayang
Project. Numerous structural targets for DSO were also
evident throughout the Project Area.
Discovery of 50Mt
of DSO is the primary target for Legend, which would
translate into an initial 1-2Mtpa operation with potential
future expansion. A secondary target is the lower grade, but
potentially very large tonnage of itabirite. This type of
material has the ability to be beneficiated into a valuable
saleable product, however significant CAPEX for
crushing/grinding/magnetic separation processing is
required.
The Ngovayang
Project is well served by access infrastructure including
rail and road networks to and from the port city of Douala
(see location map), which will greatly assist the
exploration phases of work and potentially facilitate a
start-up production transport system to port.
The exploration
permit application lies to the immediate SE of the Ngovayang
Permit and contains minor alluvial gold workings where a six
gram “nugget” has been panned. The source of the gold is
unknown, but considered to be shear/fault related.
Mayo Binka Project Area
The Mayo Binka
Permit contains essentially Proterozoic gneiss with
subcropping boulders and scree of massive magnetite/haematite.
The extensive scree and cover in the area will necessitate
trenching to assist geological mapping and geochemical
sampling.
An aeromagnetic/
radiometric survey is planned over entire permit to assist
target identification and future exploration.
IMAGES FROM CAMEROON:
Click on any of the photos above to view a larger image in a new
window
Click here to view the 04-September-2009 ASX announcement
Click here to view the 05-February-2010 ASX announcement
Click to view
the Ngovayang Geology map
Legend Mining Home
Cameroon
