"If things are bad then we will come together," said Afou
, who only gave his first name.
This is the first work by Celamin TMS on this part of the Bir El Afou (BEA) permit area.
Bir El Afou is located in northern Tunisian Eocene sedimentary basins that were uplifted and structurally deformed post-deposition.
This project has larger target potential than Bir El Afou
. The CompanyA s development plan is for a sequential staged development depending on market conditions once Bir El Afou
Stage 1 is in production.
The initial sample grade and thickness results are promising, but the observed geology of the phosphate mineralisation at Chaketma is different to that at Bir El Afou
and further work is planned to test potential to process this material to a saleable product.
This further tranche of funding will be used to fast-track drilling at the Chaketma Phosphate project as well as assisting CL in completing its Pre Feasibility Study (PFS) and delineating a maiden JORC compliant resource on the Bir El Afou project.
The Pre Feasibility Study and JORC resource announcement for Bir El Afou is targeted for the end of September and this funding will help ensure compliance with the previously announced project timetable.
- Diamond core drilling program (HQ/NQ) continued at Bir El Afou prospect (Blocks A, B and C) - 10 holes completed totaling 623.6m;
- Diamond core drilling program (HQ/NQ) continued at Bir El Afou (Boukechrid) prospect - 16 holes totaling 1,428.6m (Block G);
Trench and drill hole sampling results have been received for the Salsala Prospect and for trenches and a pit at Bir El Afou
Celamin has a separate focussed team working on its Bir El Afou
Phosphate Pre-Feasibility Study and its Chaketma Phosphate Project in Tunisia.
Celamin's work in the Bir El Afou
(BEA) permit area has been significantly expedited by the co-operation and local knowledge of Tunisian Mining Services (TMS) which is a co-venturer in the Project.