The strategy is to identify resource projects which satisfy the criteria of reasonably advanced, good mining jurisdiction and economic projections which suggest a hurdle rate of return in excess of 25%.
The current focus is on the Manica mine in Mozambique which satisfies all of the above. On 28th February 2017, the Company announced that it had completed the Definitive Feasibility Study for the open pit operation of the Company’s Manica Fair Bride Gold Project in Mozambique. Concurrently we will proactively and reactively assess how best to transfer opportunity to shareholder value.
We continue to review all options for future projects and maximising current value.