The Nimba Alliance Iron Ore Project (the Project) holds significant landholding in Guinea’s Nimba Iron Ore Corridor, comprising majority ownership of two permits: the Nimba West permit, covering approximately 198km², and the Nimba North permit, covering approximately 107km².
This Project was previously owned by a consortium of major mining companies, including BHP Group Limited (BHP). Between 2003 and 2015, extensive historical work was conducted, encompassing geophysics (magnetic and gravity), detailed mapping, drilling, mineralogy and beneficiation studies, mine engineering, transport studies, and associated exploration work.
Transport solutions for the Project are well-established, with both permits located in close proximity to the Lamco bulk commodity railway in Liberia – Nimba West permit is within 30km, and Nimba North permit is within 60km.
Historical drill intercepts showcase the Project’s potential, with notable results including 14m @ 60.7% Fe from surface (NN0003D) and 12m @ 55.8% Fe from surface (NN0004D). Recent reconnaissance efforts have also identified rock chip samples of up to 61% Fe, warranting further investigation.
The Project’s strategic location places it within a regional cluster of significant iron ore projects, including High Power Exploration Inc.’s (HPX) Nimba iron ore project, Fortescue Metals Group Limited’s (FMG) Al Maktoum Co’s North Nimba project, and ArcelorMittal’s Tokadeh iron ore project.