Sungu Sungu Mining

Operations

Melmoth Iron Ore Project, KwaZulu Natal (South Africa)

Sungu Sungu (Pty) Limited, a subsidiary of Sungu Sungu Group has partnered with Jindal Steel and Power for the Melmoth Iron ore project. It is Banded Iron Formation (BIF) with an estimated 1 billion tons of resource based on previous drilling information and currently busy with exploration and drilling to better quantify and qualify the resource base.

Melmoth area is at 31⁰ 25’ 00” E, 28⁰ 40’ 00” S

Location and infrastructure

– 70km to the west of Richards Bay bulk handling port

– Single gauge rail line linking site to Richards bay

– Power locally available

– Large dam located on site in the southern part

– Established road network into the project site for ease of access

– And there is sufficient basic infrastructure in the area including not only limited to road access, water, electricity and railway infrastructure.

 

Estimated resources and type of mineralisation

– The ore is a magnetite bearing Banded Iron Formation (BIF)

– The BIF can be traced for over 20km in strike

– Intersection over 100m thick have been recorded in boreholes

– Large areas remain untested by drilling

– 30 boreholes have been drilled in the 1980s in the area