Bellzone Mining PLC (AIM:BZM) Corporate Update & Julian Cheong Interview

 

Bellzone Mining plc (“Bellzone” or the “Company”) (AIM: BZM) informs that it has commenced active dialogue with a number of separate and non-related parties to explore options to maximise the present value of its major assets. These include the Company’s Konta Port, the ferronickel project previously detailed and the principal Kalia iron ore project.

Konta Port was built over 3 years for an approximate cost of US$120m and has an installed bulk commodities capacity of 4 million tons per annum (‘mtpa’) with a footprint and berth capable of extension up to 10 mtpa. It has been successfully used for several iron ore exports in 2012-13 and constitutes a viable and rare port facility for both imports and exports. There is a shortage of port infrastructure for large bulk volume in Guinea and an increase in mining activity, as demand for a number of minerals increases, further enhances the potential value of this asset.

In terms of the Company’s mining assets, nickel price increases have steadily reflected the reality of higher demand from electric vehicles and limited global supply. The second stage of the ferronickel project feasibility study is targeted to be completed this year; the first stage of the feasibility study assessed an NPV10 of $104m when updated for the current forecast nickel price of $17,500/t. High quality iron ore such as exists at Kalia and which has a relatively short time-to-market production capability can offer near-term appeal to certain strategic investors. Kalia’s iron ore project has a Bankable Feasibility Study, the NPV of which has been assessed by the Company to be positive over a range of different iron ore prices as disclosed in the Company’s presentations which are on the home page of the website www.bellzone.com.

The Company emphasises that all discussions are at an exploratory stage, and there is no certainty that any transaction will eventually be agreed. 

 

Julian Cheong, CEO and CFO of Bellzone Mining PLC (AIM:BZM) Interview Published on May 25, 2018
 


Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.

Terms of Website Use

All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Malcare WordPress Security