Geovic Cameroon PLC
| Business category 1 | Other Metals & Metal Products |
| City ( of main office ) | Buea, CM, Cameroon |
| Address | Independence Bulevard, B. P 11555 |
| Phones | 237-95049608 |
| Web site | www.geovic.net/projects.php |
| About | Geovic Cameroon PLC "GeoCam" Geovic Cameroon ("GeoCam") was formed in 1995 to explore a prospective area in Cameroon identified by a UN Development Program. GeoCam subsequently acquired exclusive rights to develop its cobalt-nickel-manganese deposits through a Mining Convention issued in 2002. A Mining Permit was decreed in favor of GeoCam in 2003 that covers the entire cobalt mineral province in southeastern Cameroon, perhaps the largest primary cobalt resource in the world. Geovic Mining Corp. (GMC) owns 60.0% of Geovic Cameroon and manages project operations. The National Investment Corporation of Cameroon, www.sni.cm, controls 39.5% (including 20% directly), and 0.5% is held by GMC President William A. Buckovic. A January 2008 NI 43-101 compliant Technical Report concluded that the Nkamouna property contained proven and probable ore reserves of 54.7 million tonnes grading 0.25% cobalt, 0.69% nickel, and 1.33% manganese. In 2008, a 2,045-hole, 54,900 meter drilling program yielded a November 2009 NI 43-101 compliant Technical report calculating combined Measured, Indicated, and Inferred Resources at the Nkamouna and neighboring Mada properties of 323 million tonnes grading 0.21% cobalt, 0.61% nickel, and 1.25% manganese. A follow up NI 43-101 report updating proven/probable reserves at Nkamouna and Mada, as well as calculating an initial resource estimate at the adjacent Rapodjombo property, is expected to be published simultaneously with an updated Feasibility study around 4Q 2010. |
| Date | 2011 Oct 29, 00:10 |