The junior miner completed a positive pre-feasibility study (PFS) for its Ntem project in south-western Cameroon in April, confirming the technical and economic viability of a 4 million-tpy operation with a mine life of eleven years, ceo Haresh Kanabar told Steel First on Tuesday May 17.
“Currently, we are focusing on pellet feed production for the Middle East and Europe,” he added.
Commercial production could start by the end of 2019, based on the PFS. Before then, IMIC expects to complete a definitive feasibility study some time between July 2016 and March 2017, with a possible starting date for construction in November 2018 and commissioning in October 2019.
“We haven’t started discussions with potential investors or offtakers yet, as the PFS has just been completed,” Kanabar said.
“However, we have already had discussions with a few potential partners based on the scoping study, and some of them have expressed...