SARMIN UPDATES

Kanga Potash Convention Signing, Stephane Rigny, Achim Strauss

TORONTO, Canada – Sarmin Metals Ltd. (SML) is pleased to announce the commencement of drilling activities by its W26 Pte. Ltd. subisidiary at its Gibi Mountain iron ore deposit in the Republic of Liberia. The initial drilling contract has been awarded to Cestos Investments Liberia Inc. (Cestos Drilling). Drilling activities followed considerable geological investigations at the Gibi property confirming extensive outcrop of BIF and supported by assay results consistently showing the presence of high-grade iron ore which classify it as DSO (Direct Shipping Ore) material. Amir Mirchi, Chief Executive of SML and Chairman of West26, welcomed collaboration with Cestos Drilling and commented that: this is a remarkable milestone taking our deposit development to the next level of exploration investigations and further definition delivering value to all stakeholders, local communities and the wider host country.” Stephane Rigny the chairman of SML, on his return from a recent site visit said: “it is exciting to see the impressive progress our teams are making to further define the Gibi deposit. Beyond the expected high-quality DSO, the geography of this deposit makes it particularly interesting as it lies at a short distance of viable export infrastructure in Bucchanan and Monrovia. Even more compelling, is that Gibi has export alternatives which would require only very light infrastructure for transportation to the coast. In parallel to this drilling exercise, we will define the export solutions and seek to confirm our ability to bring high quality Iron Ore to the market at extremely competitive prices.”. West26 Pte Ltd. is a subsidiary of Sarmin Metals Ltd. holding two large and high-grade iron ore deposits in Gibi Mountain and Nimba South in the Republic of Liberia. Sarmin Metals Ltd. is a socially responsible values-based business with the inspiration to become a mineral play by capturing and developing the most unique business opportunities in partnership, building a flexible balance sheet, and delivering near to medium-term value to its shareholders and local community. 

Kanga Potash (“KP”), a world class, low-cost potash project developer operating in the Republic of Congo (“ROC”), has received approval for its exploitation (mining and production) licence. London, Brazzaville, 20 July 2022: Kanga Potash ("KP"), a world class, low-cost potash project developer operating in the Republic of Congo ("ROC"), has received approval for its exploitation (mining and production) licence. With the previously secured surface rights and Letter of Conformity under its environmental and social impact assessment ("ESIA"), this gives the Company all the necessary regulatory consents as it enters the pre-construction development phase. The Company's mining convention, the agreement under which KP will implement and operate its Kanga asset, has now reached its final stage in the approval process, with ratification by the ROC parliament the only pending matter for final approval. Read More

Sarmin Metals Ltd (SML) is pleased to report conclusion of a shareholder agreement with West26 Pte Ltd, a Singapore-registered mining company, to develop through its wholly owned subsidiaries Westcrest Liberia Ltd and Ironfields Liberia Ltd, two large and high-grade iron ore deposits in Nimba South and Gibi Mountain in the Republic of Liberia. Both projects sit within the Nimba corridor to port Buchanan, where a recent surge in investment has led to the start of multiple iron projects by top-tier international mining companies. The CEO of Sarmin Metals Ltd commented that we are delighted to expand further the company portfolio of iron ore projects by concluding our shareholding position in West26. Nimba South and Gibi Mountain deposits have previously been explored and further mapping and drilling campaigns already started to develop optionality with lower capex and a phased development approach. Nimba South’s deposit is remarkably close (hundred meters) to an existing Liberian government owned rail line while Gibi deposit is within 60km distance from the port Buchanan. Stephane Rigny the chairman of SML said: “this is an incredible milestone consolidating further the SML portfolio of iron ore business while providing remarkable investment opportunities to the community of investors and iron ore players with limited infrastructure requirement and near/medium terms cashflow generation”. Sarmin Metal Ltd. is a socially responsible values-based business with the inspiration to become a mineral play by capturing and developing the most unique business opportunities in partnership, building a flexible balance sheet, and delivering near to medium-term value to its shareholders and local community.

Sarmin Metals Ltd (SML) is pleased to announce conclusion of a shareholding agreement with Singapore based Steelridge Resources Pte. Ltd. to develop through its wholly owned subsidiary, First Metal Guinee SARLU high grade hematite-magnetite Nimba North iron ore project in the Republic of Guinea. Amir Mirchi, the CEO of Sarmin Metals Ltd said that we are delighted to announce our shareholding agreement after an extensive review of the permit and deposit. The project has been greatly de-risked and high-grade DSO targets have been identified with past and ongoing works. The SML’s Nimba North deposit sits within the Nimba corridor, where a recent surge in investment has led to the start of multiple iron projects by top-tier international mining companies. Commenting on this announcement, Stephane Rigny the chairman of SML said: this is an incredible achievement and important milestone that is in line with SML inspiration and its shareholder expectations. Development of SML’s iron ore projects also offer investment opportunities to the community of investors and iron ore players given the project near-term high grade DSO production and most importantly, its long-term value with an ultra high-grade product. Sarmin Metals Ltd. is a socially responsible values-based business with the inspiration to become a mineral play by capturing and developing the most unique business opportunities in partnership, building a flexible balance sheet, and delivering near to medium-term value to its shareholders and local community.

Sarmin Group Inc (SGI) is pleased to announce appointment of Dr Amir Mirchi as the Chief Executive of its mining division, Sarmin Metals Ltd (SML) as of 1st February 2021. Amir Mirchi is a widely experienced executive with strong track record spanning a 30-year international career in the metals and mining sector around investment, commercial, major project development, technology and management. Dr Mirchi has spent most of his professional career in the global businesses with extensive mining and metals industry experiences. Prior to his current position, he was leading an international senior advisory firm working with major international developers and investors. Amir has had a long professional career with Rio Tinto and Alcan. He held various leading roles including as the Regional Vice President at Rio Tinto. Commenting on this appointment, Stephane Rigny, the Group CEO and chairman of SML said: Amir is a seasoned, well-respected executive with strong track record. I am particularly pleased to have Amir on board to take the Group’s mining division to the next level of its international strategic positioning delivering value for all stakeholders in the business and host location. Amir holds a Bachelor, Master and PhD degrees and he is member of Quebec (Canada) Professional Engineer Association.

Lindian Resources Limited (ASX:LIN) is pleased to advise that the Company has completed the screening test work programme at the Gaoual High Grade Conglomerate Bauxite Project in Guinea, West Africa. Chairman Asimwe Kabunga commented: “This is a very exciting discovery for Lindian. The Bouba Conglomerate ore when screened is now shown to be the highest quality bauxite in Guinea. It assists our broader vision and ambitions, which is to bring into production our large, multi-generational bauxite assets but also strengthens Lindian’s ability to attract high calibre development partners”. Senior Consulting Geologist Mark Gifford commented: “The screening test work completed upon the Bouba Conglomerate Bauxite Plateau has provided conclusive support to the assumption that by removing the fines material from the conglomerate ores the resultant bauxite would dramatically improve in quality. This is a pleasing result, and one that highlights the significant potential of this unique bauxite resource.” You can read screening test results in detail here .

SMI and AMED private equity fund are pleased to announce the completion of the DFS focusing on their Kanga Potash exploration License.