Mbabarenyi Resource
The company has conducted extensive exploration, prospecting and sampling of the rock at the Mbabarenyi mine site. This was followed by Laboratory sample testing. The company has created awareness with the land owners and subsequently entered into a community agreement on this project which is set to benefit the individuals as well as improving the community in education, poverty eradication program, water supply, infrastructure, and HIV and AIDS awareness as outlined in the same.
Excavation works have been done and the manganese ore stockpiled in heaps. All the Local government approvals and environmental impact assessment (NEMA) have been applied and certificates of approval obtained.
The ore has been proven to have between 30 - 40% of manganese. The world demand for manganese ore is ever increasing and even with several competitors, there is an assured market for the mineral as quality manganese ore is a fairly scarce resource throughout the world. Manganese is the major ingredient to be added to iron ore when manufacturing steel, stainless steel etc.
Our targeted customers are the rapidly expanding in markets of China, USA and India etc out of which we already have confirmation of their intent to purchase in large orders.
Our forecast is based on a manganese ore price of USD 7 per DMTU this price based upon world average. Cost of production will fluctuate from 30% to about 50% due to changes in some variables. This is a conservative forecast and sales figures are bound to be higher than projected and with operational costs lowering as the production volume increases.
The company has carried out three surveys in the area of EPL270.
The first one was an exploration report to verify the quality and estimate the quantity of manganese ore and its commercial viability within this area, being between 0-3 meters from the surface. (Approximate quantity indicated within the report was between 40 -100 million tonnes of manganese).
The second report conducted over the same area was a Geophysical Mag Report using a VES sounding technique. This showed a body of ore 200m in width and 100m plus in depth, over a length of 5kms. (Approximate quantity indicated within the report reflected 1.25 billion tonnes of ore).
The third survey was an Independent Assessment Report by a firm named Kama Ltd.
A Diligence Report and Independent Assessment was made on the previous exploration reports. The findings only confirmed that the previous exploration reports were understated as to the quantities of ore in the area.
Universal Resources International Ltd has now been granted a Mining License ML/2018/0046 measuring 1.88 sq. kms.
Projected Production and Sales
It will take 6 months to assemble the crushing plant from the time of ordering to operating, and then acquiring all necessary equipment to mine the ore. Initially, the plant is projected to produce 10,000 tons of manganese ore per month once in operation. Production will be ramped up to 30,000 tons per month in order to secure orders based on the demand upon signing of contract.
During the six months of installing the crusher system, we shall be preparing the mining site including stock-piling of the manganese ore. This will be after acquiring the necessary machinery that is required which include a 45-ton Excavator, Mine truck and a Loader, Bulldozer to start with etc.
It is projected that monthly revenue of US$ 1,300,000 is realizable six months after setting up the crushing plant. This means the stockpile within the six months will be 10,000 ton ready for crushing and ready for export.
The company will operate on professional and ethical business rules.
These are as outlined below:-
Discipline in Exploration and Production:
A Diligence Report and Independent Assessment was made on the previous exploration reports. The findings only confirmed that the previous exploration reports were understated as to the quantities of ore in the area.
Universal Resources International Ltd has now been granted a Mining License ML/2018/0046 measuring 1.88 sq. kms.
Projected Production and Sales
It will take 6 months to assemble the crushing plant from the time of ordering to operating, and then acquiring all necessary equipment to mine the ore. Initially, the plant is projected to produce 10,000 tons of manganese ore per month once in operation. Production will be ramped up to 30,000 tons per month in order to secure orders based on the demand upon signing of contract.
During the six months of installing the crusher system, we shall be preparing the mining site including stock-piling of the manganese ore. This will be after acquiring the necessary machinery that is required which include a 45-ton Excavator, Mine truck and a Loader, Bulldozer to start with etc.
It is projected that monthly revenue of US$ 1,300,000 is realizable six months after setting up the crushing plant. This means the stockpile within the six months will be 10,000 ton ready for crushing and ready for export.
The company will operate on professional and ethical business rules.
These are as outlined below:-
Discipline in Exploration and Production:
Share Compensation x High Cash Remuneration
Stable Legal and Account Records
High Level of Management and Technical Team (English Speakers and QP)
Best Practices on Sampling, Contracting and Reporting
Good Standard on Licenses and Permits
Focus Immediately on Production
Prefer Dilution X Debt or Royalty
Stable Legal and Account Records
High Level of Management and Technical Team (English Speakers and QP)
Best Practices on Sampling, Contracting and Reporting
Good Standard on Licenses and Permits
Focus Immediately on Production
Prefer Dilution X Debt or Royalty
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