West African Share Discussion Threads

[kirk 6] 05/2/2015 07:30

Very very nice

[kirk 6] 05/2/2015 07:30

Brad Mills, President of WAFM commented:"WAFM is very pleased to announce today the discovery of a high quality iron ore resource in coastal Cameroon. Preliminary metallurgical test work has confirmed that we can produce a premium grade and quality concentrate. The geometry of the mineralisation, which outcrops at surface, lends itself to low cost, low stripping ratio open pit mining. The project's close proximity to existing rail, power and port infrastructure suggests minimal capital expenditures will be required to develop export infrastructure.

[liquid millionaire] 05/2/2015 07:25

West African Minerals Corporation

("WAFM" or the "Company")

Sanaga Maiden Inferred Mineral Resource Estimate

82.9 Mt @ 32.1% Fe at a 25% Fe cut-off grade

West African Minerals Corporation (AIM: WAFM) announces its maiden Mineral Resource Estimate ("MRE") at the Sanaga license located about 60km from the commercial seaport and infrastructure at Douala and within 10km of the main railway between Yaoundé and Douala, in Cameroon. The MRE was prepared by independent consultants, The MSA Group ("MSA"), in accordance with The Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards on Mineral Resources and Mineral Reserves (2010).

HIGHLIGHTS

-- CIM (NI-43-101 compliant) Inferred Mineral Resource of 82.9 Mt @ 32.1% Fe at a 25% Fe cut-off grade to a depth of 150m below surface.

-- Included in the MRE is a higher grade oxidised cap and near-surface enriched mineralisation of 15.8 Mt @ 37.3% Fe at a 25% cut-off grade.

-- Mineralisation has been intersected along a strike length of approximately 3 km from the surface to a vertical depth of approximately 150m and remains open at depth.

-- Positive metallurgical testwork reported on 21 October 2014 supports the potential production of a

premium grade (69% Fe) concentrate at a favourable mass recovery of approximately 40%.
-- A summary Environmental and Social Impact Assessment (ESIA) has been completed and submitted to the Government of Cameroon for review and approval.

Brad Mills, President of WAFM commented:

"WAFM is very pleased to announce today the discovery of a high quality iron ore resource in coastal Cameroon. Preliminary metallurgical test work has confirmed that we can produce a premium grade and quality concentrate. The geometry of the mineralisation, which outcrops at surface, lends itself to low cost, low stripping ratio open pit mining. The project's close proximity to existing rail, power and port infrastructure suggests minimal capital expenditures will be required to develop export infrastructure.

While we recognize the depressed state of the current iron ore market, the Sanaga resource represents an opportunity to develop a low capital intensity and low operating cost project. This positions WAFM to be a first mover in Cameroon as and when the current iron ore pricing environment improves.

The company completed the MRE on schedule and budget. Our current cash position is approximately US$7 million. With this significant cash position the company is positioned to pursue further development of the Sanaga project when warranted by the market. We are also looking at other acquisition opportunities that could add significant near term value to WAFM."

[gheebee] 31/12/2014 08:49

IMIC have just anno0unced that a process of consolidation among miners is about to commence. Something between IMIC, Sundance and WAFM perhaps?

[liquid millionaire] 04/12/2014 08:11

Brad Mills, President of WAFM, commented:

"The combined drilling programmes provide a sufficient data base to complete a maiden mineral resource estimate for the South Sanaga license. The results of the initial metallurgical test work performed to date and announced in October, were that a premium concentrate of approximately 69% Fe can be produced with insignificant impurities. The project's close location to the existing infrastructure in Cameroon of just 60 km to the commercial seaport of Douala, 10km to the main rail line and just 5 km to main line power significantly enhances the potential economics and provides a shorter timeline to production.

"With the completion of the MRE, the Company is focused on preserving its cash resources estimated at over US$7.1 million at the end of September 2014. In the meantime we will continue to complete minimal cost de-risking activities on the South Sanaga project with a view to generating significant real value for shareholders once the current iron ore pricing environment improves."

[jane downs] 22/10/2014 07:15

Technical Chart Plays: Quindell (QPP), Stratmin Global (STGR), West African Minerals (WAFM) - YouTube
22 October, 2014

[joan1234] 21/10/2014 09:24

There was plenty to cheer among the small caps, starting with West African Minerals (LON:WAFM), which shot up more than one-fifth - WAFM News
- Today, 9:23 AM

[liquid millionaire] 21/10/2014 08:25

Brad Mills, President of WAFM commented:

"To date the South Sanaga license continues to meet the criteria required to bring a magnetite project to development in a challenging iron ore price environment. The primary advantage is its proximity to existing port, rail and power infrastructure that carries potential for enhanced economics and closer timeline to production. Technically, the metallurgy suggests that a premium concentrate can be produced with insignificant impurities that can match the finest concentrate available in the market. We have now also initiated infill drilling on the back of a successful reconnaissance drilling program, to target a resource of up to 100Mt.

"The Company's current funding will provide for the development of South Sanaga to a maiden MRE. Cost reduction measures are being implemented to preserve cash through challenging commodity markets and enable management to assess which projects present the best opportunity to deliver real value to shareholders."

[liquid millionaire] 21/10/2014 08:25

Brad Mills, President of WAFM commented:

"To date the South Sanaga license continues to meet the criteria required to bring a magnetite project to development in a challenging iron ore price environment. The primary advantage is its proximity to existing port, rail and power infrastructure that carries potential for enhanced economics and closer timeline to production. Technically, the metallurgy suggests that a premium concentrate can be produced with insignificant impurities that can match the finest concentrate available in the market. We have now also initiated infill drilling on the back of a successful reconnaissance drilling program, to target a resource of up to 100Mt.

"The Company's current funding will provide for the development of South Sanaga to a maiden MRE. Cost reduction measures are being implemented to preserve cash through challenging commodity markets and enable management to assess which projects present the best opportunity to deliver real value to shareholders."

[liquid millionaire] 21/10/2014 08:25

Brad Mills, President of WAFM commented:

"To date the South Sanaga license continues to meet the criteria required to bring a magnetite project to development in a challenging iron ore price environment. The primary advantage is its proximity to existing port, rail and power infrastructure that carries potential for enhanced economics and closer timeline to production. Technically, the metallurgy suggests that a premium concentrate can be produced with insignificant impurities that can match the finest concentrate available in the market. We have now also initiated infill drilling on the back of a successful reconnaissance drilling program, to target a resource of up to 100Mt.

"The Company's current funding will provide for the development of South Sanaga to a maiden MRE. Cost reduction measures are being implemented to preserve cash through challenging commodity markets and enable management to assess which projects present the best opportunity to deliver real value to shareholders."

[kirk 6] 21/10/2014 08:16

Back to previous highs in no time

[kirk 6] 21/10/2014 08:14

A great report out today fully funded and the highest grade possible

[gheebee] 03/9/2014 10:04

Sundance have announced a significant investment.

www.sundanceresources.com.au/irm/Company/ShowPage.aspx/PDFs/2854-21335538/SDLRaisesA40MillionwithNewInvestor

[kirk 6] 01/9/2014 07:42

Big buying in Friday and likely to continue today expecting to hit 10p in the next few days

[robrah] 01/9/2014 07:30

Inverted head and shoulder hahaha . Target with in day .9 p

[liam wilson] 01/9/2014 07:10

West African Minerals PLC (WAFM) 9p In Prospect After Inverted Head & Shoulders Reversal - WAFM - Today, 7:09 AM

[robrah] 31/8/2014 21:32

.5p with in days 99% downside

[kirk 6] 31/8/2014 17:54

Zang don't worry about the spelling worry about missing out on a rise. It won't effect you in anyway how I spell

[kirk 6] 31/8/2014 14:34

Robrah you couldn't be more wrong. 22p will be hit any day soon. Look at the stake building recently. We are about to fly upwards and I wouldn't want you to loose money. Go long or be wrong

[alphatrend1] 31/8/2014 12:33

Robrah then get on and short it! According to igindex the only place to short wafm 100% of clients are long. So time to put your money where u r mouth is....

[house atreides] 31/8/2014 12:32

Robrah filtered. Lol