Afferro Mining Inc (LON:AFF) - Nkout PEA and resource update
Jul 11th 2012 - Edison Investment Research today published a report on Afferro Mining Inc (AFF.L, LSE:AFF, LON:AFF) entitled "Nkout PEA And Resource Update". In summary, the report says:
Afferro has released the NI 43-101 compliant PEA followed by the mineral resource update for its 100%-owned Nkout iron ore project in Cameroon. The study confirms the economic viability and large-scale nature of the project, which will be advanced to the prefeasibility stage in 2013. The project’s overall resource is 2.5bn tonnes, a 26% increase on the previous estimate, with 36mt of high-grade cap supporting an early stage DSO operation. Afferro is the cheapest exposure to the emerging West African iron ore space with a major catalyst being a potential strategic partnership at Nkout.
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