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.