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ASX Announcement
23 October 2014
MARAMPA PROJECT - MINING LICENCE APPROVED
Australian resources company Cape Lambert Resources Limited (ASX: CFE) (Cape Lambert or the Company) is pleased to announce that a large scale mining licence (Mining Licence) for its 100% owned Marampa iron ore project located in Sierra Leone, West Africa (Marampa) has been approved.
Background
Marampa is a specular hematite project currently at the permitting and development stage, located approximately 90 km northeast of Freetown.
Marampa comprises two granted exploration licences (EL46A/2011 -
Cape Lambert Resources Limited (ASX: CFE) is a fully funded mineral development company with exposure to iron ore, copper, gold, uranium, manganese, lithium and lead-silver- zinc assets in Australia, Europe, Africa and South America.
Australian Securities Exchange
Code: CFE
Ordinary shares
626,686,586
Unlisted Options
500,000 ($0.15 exp 30 Sept 2015)
239.18 km2
and EL46B/2011 - 66.00 km2
(formerly EL46/2011 - 305.18 km2))
Board of Directors
held by Marampa Iron Ore (SL) Limited ("MIOL"), which indirectly, is a wholly
owned subsidiary of Cape Lambert.
In April 2013, Marampa was issued its environmental licence for the Project, which marked the first key step in the permitting process. In November 2013, an application for a large scale mining licence was lodged with the relevant Sierra Leone authorities.
The Company has recently received a letter from the Ministry of Mineral Resources ("MoMR") advising that its application for a Mining Licence had, on the advice of the Minerals Advisory Board, met the requirements for such a licence (refer Figure 1 for Licence boundaries) and has been approved. The approval is subject to the Company notifying the Minister of its acceptance of the proposed licence within 60 days of the notification letter, as well as making payment of the annual mining licence fee. Following the grant of the Mining Licence, the Company will commence negotiations with the Ministry of Mineral Resources on the mine lease agreement, which is expected to take between 6 to 9 months to finalise.
Cape Lambert's Executive Chairman said "I am delighted that the MoMR has finally approved the grant of Marampa's Mining Licence so that we can get on with the process of negotiating the mine lease agreement, which will provide another level of confidence for potential investors or acquirers of the project".
Yours faithfully
Cape Lambert Resources Limited
Tony Sage
Executive Chairman
Cape Lambert Resources Limited ABN 71 095 047 920
Corporate - 32 Harrogate Street, West Leederville WA 6007
Tony Sage
Executive Chairman
Tim Turner
Non-executive Director
Jason Brewer
Non-executive Director
Ross Levin
Non-executive Director
Melissa Chapman
Company Secretary
Key Projects and Interests
Marampa Iron Ore Project
Pinnacle Group Assets
Cape Lambert Contact
Tony Sage
Executive Chairman
Eloise von Puttkammer
Investor Relations
Phone: +61 8 9380 9555
Email: [email protected]
Australian Enquiries
Professional Public Relations
David Tasker
Phone: +61 8 9388 0944
Mobile: +61 433 112 936
Email: [email protected]
UK Enquiries
Tavistock Communications Emily Fenton / Jos Simson Phone: +44 (0)207 920 3150
Mobile: +44 (0)7899 870 450
www.capelam.com.au
CapeLambert A
Resources Lld
ASX Announcement
23 October 2014
Fi ure 1: Licence Boundaries at the Maram
noaoome
780000mE
,.·..
...... ' l \ \
'i'\ k/\\
MARAMPA
970000m.
// J..J"\ -.\ l
!l 1 \l_)
PRO"'ECT
To
;/----------------, \\ l
Tonkolili
--":.
l ........... . ---
: 3:]::=
·l------ --•---
l
HAULROAO N
e1----------
l
l l l l l l l l l
IIL02109
\
1l
l
Landto be
D Other rocks
l
l l l
---------------·
. EL46A/2011 -1! "'
relinquished
MARAMPA GROUP DRokotolonFm schlsts D Matoto Fm malles
LEONIAN BASEMENT
D Gneiss and amphibolite
Hematilll schist outcrop (coofirmed
by driiUng and or mapPirig)
Hematilll schist finfemtd
under COYer by lP Survey)
"T"-
Thrust COillaCt
-- Fault
O Tenement boundary
@ Historic Mine
/ Rallway Constructed
/ Railway Spur Proposed
Cape Lambert Resources Limited
ASX:CFE
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