The Banio Project covers 1,244km2 and is centred 450km to the south of Libreville along the Atlantic Coast.
Plymouth is advancing exploration activity at its wholly owned Banio Project to convert historical exploration and the current Target Resource into JORC. Plymouth believes that given the excellent location of Banio in relation to infrastructure and markets, Plymouth would prioritise the development of potash mineralisation at Banio.
Banio represents a high-grade, shallow and well located prospect. The worlds largest sea-borne market for potash is South America and Gabon is excellently located to satisfy demand from this market and enjoy a substantial shipping margin advantage from any other potash producing regions.
The project covers sediments within the potash-bearing Congo Basin which spans the Republic of Congo ("RoC")-Gabon border. Banio project tenure abuts the border with RoC to the south (Figure 2).
Banio lies 20km to the north west of Kore Potash (formerly Elemental Resources) Sintoukola Permit. Elemental has conducted drilling and feasibility study work within Sintoukola which is reported to contain a global resource of 5.3 billion tonnes of potash mineralisation at 14.3% K2O (22.6% KCl) (Elemental Resources, Annual Report on Mineral Resources & Reserves, 30/04/2015) and the previously operating Holle Potash Mine (1969-1977) in the RoC.
Historically exploration at Banio was focussed on oil exploration with 2D seismic and oil well drilling being completed. Within the drilling, broad zones of "potash salts" were described and sporadic spot sample assaying confirmed the presence of high grade potash within these zones. The exact chemical composition and potash grade of the broad zones described in geological logging is not known.
Based on 2D-seismic interpretation and information from 6 historic drillholes which intersected potash, industry specialist consultants CSA Global Pty Ltd (“CSA”, or “the Consultants”) delineated a significant Exploration Target. This is significant due to its large size, inclusion of portions of high-grade and shallow depth.
The Exploration Targets are in two areas and cover a combined area of 126km2 within a larger area that is also prospective for potash mineralisation.
The Mamana Project (application number from DGPEM: N0. 651) is 100% owned by Plymouth Minerals Limited through its subsidiary company, Mayumba Potasse SARL. Mamana has undergone extensive historical exploration (in excess of 6,000m of diamond drilling to date) for potash and is a significant, high-grade and relatively shallow potash deposit. Currently the project is in Application stage and upon granting of the Exploration Licence, Plymouth intends to do a small confirmation drilling programme to facilitate JORC 2012 resource estimation and quotation.
The project covers 219km2 and is located 100km the south east of the capital Libreville. Access is either by road from the capital or along the navigable Ogooue River. The Ogooue River is utilised for barging of timber and bulk cargo through to Port Gentil on the Atlantic coast.
Extensive exploration for potash was conducted in the 1950's by Syndicat de Recherche de Potasse au Gabon. This exploration was vectored by regional mapping of potash bearing sediments, 2D seismic and confirmed by drilling. Approximately 6,000m of diamond drilling was successful in delineating a wide area of potash bearing sediments in which a zone of shallow <400m depth) potash mineralisation was defined.
This project is ideally placed in relation to access via road and river transport with the deep-water, international Ownedo port at the river mouth.
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Plymouth's Morille tin-tungsten Project is located 20km southwest of Salamanca in Spain.
Plymouth is in partnership on the Morille tin-tungsten project (80% Plymouth Minerals Limited, Aurum Mining PLC 20%) and has leveraged off local relationships and preparatory work competed by Aurum between 2011 and 2013.
Initial drilling in 2014 by Plymouth has returned some spectacular results, including 7m @ 1.3% WO3 from 67m (42m below surface) from the few targets drilled. Mineralisation drilled is open and many more old mines remain untested.
The Project is located in a region which hosts several significant tungsten resources and producing tungsten operations. There is scope for organic and corporate growth in the region. The nearest operating mine with a tungsten treatment plant is 30km to the south. Historically (1980's) two smaller process plants operated from within the current tenement boundary.
The Morille Project covers 57km2 of pasture and open farmland and includes numerous historic tungsten and tin mines including two dismantled historic treatment facility sites.
Our Company Secretary and Chief Financial Officer is Mr Robert Orr.
Mr Kevin Tomlinson, Non-Executive Chairman MSc Geol, Grad Dip Finance & Investment
+30 years experience in mining and finance within the Toronto, Australian and London stock markets
Background in project finance, development and mining experience includes previous roles as Managing Director at Westwind Partners/Stifel Nicolaus and as a board member of Medusa Mining
Currently on Boards of Centamin (LSE.CEY and dual TSX.CEE listed) and Cardinal (ASX.CDV)
Mr Adrian Byass, Managing Director BSc Geol Hons, B. Econ
+20 years in the mining industry both in listed and unlisted entities globally, Non-Executive and Executive Director of various listed and unlisted mining entities, which have successfully transitioned to production in bulk, precious and specialty metals around the world
Currently on Boards of ASX phosphate, zinc and nickel companies.
ASX and AIM Board experience
Dr Eric Lilford, Non Executive Director B.Eng & PhD Minerals Economics
+25 years of mining, investment banking and broking experience focussed on natural resource sector globally
MD, Chairman and Non-Executive of various listed and unlisted mining entities
Mining experience in bulk commodities, precious metals and copper
Has directly managed 5 major PFS and DFS Studies and numerous scoping studies, raised >$500M in mining
Mr Christian Cordier, Non Executive Director B.Comm
+15 years of exploration and mining experience both in listed and unlisted entities throughout Africa
Extensive background of sourcing, funding and developing resource projects
Non-Executive and Executive Director of various listed and unlisted mining entities
Mr Humphrey Hale, Non Executive Director BSc Geol Hons
+20 years in the mining industry initially in oil and gas and then in precious and bulk commodities
Former managing director of ASX/AIM, of Wolf Minerals Limited 2007-2014 and oversaw ASX and AIM IPO’s, raising in excess of $250M in debt and equity to advance the project, completed the acquisition, feasibility studies, permitting, off-take negotiations and decision to mine for the Hemerdon tungsten mine – winner of the Europeans Metals and Mining “Deal of the Year 2013”
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