25 SEPTEMBER 2020
ASX ANNOUNCEMENT
HCV AFRICA APPOINTED TO COMPLETE ESIA FOR THE
CABINDA PHOSPHATE PROJECT
Minbos Resources Limited (ASX:MNB) ("Minbos" or "the Company") is pleased to update the market on further progress for its Definitive Feasibility Study (DFS) currently underway, with the appointment of HCV Africa to complete two Environmental and Social Impact Assessments (ESIA) for the Cabinda Phosphate Project, located in Angola.
CABINDA PHOSPHATE PROJECT ESIAs
Environmental Consulting and Advisory Services Group HCV Africa has been appointed to undertake Environmental and Social Impact Assessments for the Caio Granulation Plant and the Cácata Mine.
HCV Africa provides international-standard environmental and social services, biodiversity assessments, environmental impact assessments, environmental auditing, implementation, and advisory services through highly qualified specialists all of whom have extensive experience working in Africa. HCV Africa will undertake specialist baseline studies and impact assessments, including:
- Fauna (terrestrial: herpetofauna and avifauna and mammals)
- Aquatic ecology
- Flora/vegetation
- Air quality
- Noise
- Soils
- Hydrology
- Hydrogeology
ESIAs completed by HCV Africa will form the basis of the previously announced environmental Impact Study (EIS) and a Waste Management Plan (WMP) to be completed by Grupo Simples1. All assessments and studies completed will comply with Angolan regulatory and international guidelines with work expected to take approximately 6 months (subject to travel restrictions).
The successful completion of the ESIA reports are an important requirement for the submission of a mining licence application, integral to completing the Cabinda Phosphate Project DFS.
The Company is currently in the process of engaging key engineering consulting contractors to complete various works which will form part of the Cabinda Phosphate Project DFS. The appointment of HCV Africa constitutes the fifth such engagement with another contract expected to be signed next week to complete the site engineering study.
- ASX Announcement ‐ Appointment of Grupo Simples for Cabinda Phosphate Project EIS https://www.investi.com.au/api/announcements/mnb/f7f577f8‐5d4.pdf
ASX Code: MNB Office: Suite 1, 245 Churchill Avenue, Subiaco WA 6008
T: +61 8 6270 4610 E: info@minbos.comW: www.minbos.comABN: 93 141 175 493
CABINDA PHOSPHATE SCOPING STUDY
The DFS builds on the results of the Cabinda Phosphate Project Scoping Study released on 26 August 20202 which demonstrated the project to be technically and financially robust. The +/- 35% Scoping Study estimated an after tax NPV of between US$159 - 260 million based on a preproduction capital estimate of between US$22 - 28 million.
UPDATED DFS TIMETABLE
PROJECT ACTIVITY SUMMARY | STATUS | DQ19 MQ20 JQ20 | SQ20 DQ20 MQ21 JQ21 | ||||||
AGRICULTURAL TRIALS | |||||||||
IFDC Greenhouse Trials 18/19 | IFDC | Complete | |||||||
IFDC Greenhouse Trials 19 | IFDC | Complete | |||||||
Angolan Field Trials 19/20 | NPCT/IIA | Harvested | |||||||
IFDC Greenhouse Trials 20/21 | IFDC | Planted | |||||||
Angolan Field Trials 20/21 | NPCT/IIA | Planning | |||||||
MINING | |||||||||
Mining Target and Mine Planning | Orelogy | 80% | |||||||
Scoping Study | Minbos | Complete | |||||||
Mining Investment Contract | Minbos | Ongoing | |||||||
GRANULATION PLANT | |||||||||
Pilot Plant Testwork | IFDC | Complete | |||||||
Granulation Plant Budget Quote | FEECO | Complete | |||||||
Process Design, Material and EnergyIFDC | 50% | ||||||||
Basic Engineering Package | FEECO | Contracted | |||||||
Site Engineering Study | TBA | RFP | |||||||
APPROVALS | |||||||||
Angolan EIS | Grupo Simples | Contracted | |||||||
International ESIA | HCV Africa | Contacted | |||||||
FINANCING | |||||||||
Project Debt Mandate | Alphier | Selected | |||||||
Technical DFS Capital Raising | Vert | Firm | |||||||
- ASX Announcement: CABINDA PHOSPHATE PROJECT SCOPING STUDYhttps://www.investi.com.au/api/announcements/mnb/2252c2e1‐51d.pdf
2
ASX Code: MNB Office: Suite 1, 245 Churchill Avenue, Subiaco WA 6008
T: +61 8 6270 4610 E: info@minbos.comW: www.minbos.comABN: 93 141 175 493
-ENDS -
This announcement is authorised for release by Minbos Chief Executive Officer, Lindsay Reed.
For further information, please contact
Lindsay Reed
Chief Executive Officer
Email: l.reed@minbos.com
Phone: +61 8 6270 4610
ABOUT MINBOS
Minbos Resources Limited (ASX: MNB) is an ASX-listed exploration and development company with interests in phosphate ore within the Cabinda Province of Angola and Rare Earth Elements in Madagascar. The Company's immediate focus is to develop a project to produce a low-cost/high- yield fertilizer blend suitable for crops and soils within Angola and the wider Congo Basin.
For more information: www.minbos.com
Figure 1 - Location of Cabinda Project highlighting the experience and institutional knowledge the Company has acquired over the years
3
ASX Code: MNB Office: Suite 1, 245 Churchill Avenue, Subiaco WA 6008
T: +61 8 6270 4610 E: info@minbos.comW: www.minbos.comABN: 93 141 175 493
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Minbos Resources Limited published this content on 24 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 September 2020 22:34:03 UTC