AME Metals

Projects

Projects

Precious and battery metals projects across Africa

AME Metals is focused on creating a portfolio of precious and battery metals project’s across Africa.

The AME Metals team have been working in and around Eastern Africa for the last decade and more particularly in the north-eastern region along the highly prospective Arabian Nubian Shield. 

Through AME Metal’s strong network in Africa, the team is actively generating new opportunities in East Africa that would feed into the Company’s project pipeline.  These opportunities will allow AME Metals to continue to grow its diversified portfolio of mining assets in Africa.

Arabian-Nubian Shield

The Arabian-Nubian Shield is a large region of Precambrian basement rocks covering Saudi Arabia, Egypt, Sudan, Eritrea and Ethiopia.

There is an emerging resources sector with increasing gold and base metal endowment in the Arabian-Nubian Shield.

Some of the substantial gold discoveries include:

  • Tulu Kapi (1.5 million ounces);
  • Lega Dembi and Sakaro (3 million ounces); and
  • Dish Mountain (1.5 million ounces).
  • Engagement with Ariab Mining Company
  • Significant prior engagement with AMC with a very good understanding of the Ariab Project
  • Discussions commenced in February 2021
  • MOU signed September 2021 for joint development of VMS and CIL tailings
  • Exclusive due diligence and technical review conducted by Amem

Amem Detailed Hassai Project Review

  • Independent review of past technical work, gap analysis, fatal flaw analysis, capex and opex cost updates, and financial model revisions completed.
  • Work undertaken by 25 professionals working for six mining consultancies.
  • Technical review included: Resources, exploration potential, VMS and Au project geology, underground and open pit mining of VMS assets, reprocessing of heap leach residues, VMS and Au project metallurgy.
  • Conceptual, value-accretive project development model shown below:
Hassai Project

Key findings and observations of the independent review:

Consultant Role Findings
CSA Global Geology and Resources review
  • No major technical issues identified
  • 2015 PFS more in line with a scoping study level
  • Mineral Resource estimate well supported by data
DRA Senet Processing & Infrastructure cost update study
  • CAPEX & OPEX updated to within +/- 30%
  • VMS and Gold Project - reflects robust economics
Perenti Mining design, schedule, physicals and mine capex/opex
  • Existing PFS and mine design provide solid base to work from
  • No significant issues
Neuplan Project management and metallurgy review
  • No major project issues
  • Recommendation: Further optimisation to enhance flow sheet design for increased metal recoveries

Current Concession blocks of Sudan

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