Mofe Creek Fe Project (TAW 100%)

The Mofe Creek MEL covers 285km2 and was granted in December 2012. Access to the project area is via a sealed road from Monrovia and takes approximately 2 hrs by vehicle.

The license area is 10 km along strike from the historic Bomi Hills iron ore mine with an estimated historic production of 50 Mt high-grade magnetite direct shipping ore (DSO)  in addition to sinter feed beneficiated from itabirite (metamorphosed and re-crystalised banded iron formation). DSO averaged 64.5% Fe, 4.5% SiO2, 1.5% Al2O3 and 0.13% P, of which 53% formed lump material (average 11-37mm) and 47% formed fines (<11mm). Sinter feed beneficiated from itabirite averaged 64% Fe, 6% SiO2 and 0.04-0.05% P.

The genesis of the Bomi Hills magnetite deposit is not clearly understood, however, general consensus is that it is hypogene and represents an itabirite that has come into direct contact with rising gneissic fronts and deep seated intrusions causing enrichment to coarse massive magnetite by metamorphic differentiation.

The Company has flown detailed aeromagnetics and defined in conjunction with field mapping >65km strike length of prospective iron formation. Friable itabirite and isolated DSO magnetite occur in outcrop. Maiden drilling has intersected friable itabirite from surface to 30m vertical depth with grades averaging between 35-45% Fe in addition to DSO intersections.

The license area is well positioned for future infrastructure scenarios; road to coast and transhipment via barge or rail to the existing deep sea port of Monrovia. A well-maintained 100 km sealed road exists from the central licence area to the city of Monrovia. A 65km long decommissioned iron ore railway exists from the Bomi Hills mine to the port of Monrovia; 20 km east from the easternmost magnetic anomaly.

Left: Medium-coarse grained, laminated quartz-magnetite iron formation.
Right: weathered iron formation crushed by hand forming soft, friable quartz-magnetite sands.

Left: Outcropping iron formation with larger 10’s cm scale magnetite segregations.
Right: Weathered, friable magnetite from outcrop forming high-grade, clean magnetite/hematite fines.

Sinoe Project (GMI-TAW JV; TAW earning right to purchase outright)

The Sinoe MEL covers 400km2, was granted in March 2010 and is adjacent to the 3.8 Moz Dugbe deposit in SE Liberia. Access is via paved and laterite road from Monrovia to Greenville via Buchanan and takes approximately 12 hrs by 4WD. The Company and Global Mineral Investments LLC (‘GMI’), a private Liberian company signed a binding Heads of Agreement for an option to purchase outright the mineral exploration licence over the Sinoe license held by GMI.

The license area is 20km along strike from the 3.8 Moz Dugbe deposit and 40km along strike from the Bukon Jedeh Au project and Government Camp artisanal working. The project area lies along the Dugbe shear; arguably the most prolific gold structure currently being explored in Liberia.

The project area is characterised by Birimian aged biotite and garnet-biotite schists, pegmatite and granite intrusives. Artisanal workings occur within streams draining low lying hills and ridges throughout the project area.

Sinoe license location relative to 1.8 Moz Dugbe and Bukon Jedeh projects along Dugbe shear

Artisanal alluvial workings observed within the Sinoe license area