L odestone
N am i b i a
CEO Carsten Mosch
of it, but to mine it effectively and in an economically viable fashion and to be able to produce 67 percent Fe content is becoming increasingly rare. Steel producers who have quite technical demands, or that insist on running at higher levels of efficiency, they need something better. Something Lodestone can supply.”
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And it would have positive ramifications for Namibia. “We have had encouraging conversations with export and economic development bodies, both official and quasi-official in Germany and Europe. There is a great deal of enthusiasm and support from public bodies as well as private investors and offtakers to secure as much international business between Namibia and Germany as possible,” Mosch says. “The resource we have in the ground can support far more than 1.2 million tons a year of exports which is our current base case assumption but we can ramp that number up significantly and rapidly at the point that the infrastructure of Namibia grows. “We can evolve from being a modest-sized mine to being a large iron exporter when Namibia does invest the resources required to improve its rail and port infrastructure. We think Lodestone can be the catalyst to encourage the Namibian government perhaps with investment from Europe - to improve that infrastructure. It is a chicken and egg thing where Namibia lacks the public resources to build out its infrastructure to foster economic growth and that growth can only occur with expanded infrastructure. However, Germany Inc needs high grade iron ore which they are having trouble sourcing from the world market. Lodestone can drive real economic growth and employment in Namibia using the existing rail and port to deliver the natural resource Europe needs.” Hinsley has high praise for the country. “Namibia administers itself incredibly well but currently lacks the resources to support the wholesale expansion of its infrastructure. At the point the infrastructure in Namibia grows, this company really, really gets exciting.” To learn more visit www.lodestonepty.com
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MINROM MINROM, was launched in 2010, with a dedicated mineral resource management team consisting of qualified professional geologists and specialists. We are agile, flexible, self-sufficient and independent MINROM specialises in resource development exploration identifying and addressing the mineral resource risks to the investor. This is achieved by deploying best practice in exploration drilling programmes, 3D geological block modelling and the compilation of Competent Person’s Reports. In addition Minrom performs due diligence studies, geological project reviews, and mineral resource management audits and reviews Minrom Namibia developed the Lodestone Dordabis Project from geological concept to geological bankable feasibility standard by means of 3 phased geological resource delineation, definition drilling and mapping programs The director Oscar van Antwerpen has 18 years of experience in the mineral resource management sector; he is regarded as a competent person to declare manganese resources in line with the Joint Ore Reserves Committee (JORC) MINROM operates in strict accordance with the guidelines and procedures of SACNASP, with a focus on best practices in safety, environmental management, mineral resource management standards, transparency and ethics. Choosing MINROM as your exploration partner will enable you to make the best mineral exploration decision Tel +27 (0) 12 664 7427 Email info@minrom.co.za
www.minrom.co.za