Gemstone Mine | Manyara, Tanzania - NCLTAN

USD 5,000,000
Spent so far: USD 185,000
Can spend more: Yes
Tanzania
Assured repayment by: Independent and credible feasibility study
Shovel Ready Indicators:
LTV Expectation: 90%
Land/Site: Owned
EPC Contracts: Draft form
PPA/OMA or other off-take agreements: Draft form
Financial Projections: Completed and available
Most PFX listed opportunities qualify for A+-rated Insurance Wrap
The gemstone mining venture rests on a 24Ha titled area with three primary mining licenses for mineral rights to prospect and mine gemstones for seven (7) years, renewable and effective from the date of issue. The mining project is in Simanjiro district, about 250 kilometers northeast of Tanzania’s capital city Dodoma.
In January – February 2020, the project area was surveyed and mapped at the scale of 1:2000 by a geological consultancy firm MIM Resources, Tanzania. Geological mapping work primarily focused on one block - 6.77 hectares of the total 24 hectares. The geology and mining report concluded that, known mineralization at the project site is hosted in metasomatic altered amphibolitic ultramafic rock units and that gemstones are confined in mica-rich brownish layers within grayish-green and black amphibolite units, and that these mineralized mica-rich layers occur as lenses sandwiched between amphibolite’s.
USD | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
---|---|---|---|---|---|
Turnover | 2,000,000 |
4,000,000 |
6,000,000 |
8,000,000 |
10,000,000 |
EBITDA | 854,718 |
3,245,939 |
4,779,728 |
6,962,677 |
8,656,938 |
% | 43 |
81.14 |
80 |
87 |
87 |
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