Mineral

Limestone

Location

Mberengwa Growth Point, Zimbabwe

Mining Rights

10 Blocks of Mining Claims – Total Area 270 Hectares

Documentation Available

1.      Geological Reports

2.      Feasibility Reports

Funding Required

TOTAL US$225 Million for:

1.      Exploration Programme

Inferred ore resource of 255.5 metric tonnes of limestone at an average grade of 49.5% Calcium Oxide (CaO) and 4.8% Magnesium Oxide (MgO).  Limestone Saturation Factor of 265.5 and Silica Ratio of 0.91

2.      Mine and Plant Development for Limestone Extraction

Estimated in situ resource value of US$2 billion

3.      Establishment of a Cement Manufacturing Plant

4.      Working Capital

Partnership Proposal

Joint Venture

Shareholding negotiable according to each party's contribution

Investment Benefits

·         Establishment of a Cement Plant with capacity of 850,000 tonnes per year

·         Seven (7) years payback following a two-year project implementation phase

·         Net Present Value (NPV) projected at US$55.4million at an 8% discount rate given a cement price of US$200 per tonne

·         Ready markets in the Manicaland and Matabeleland regions of Zimbabwe

·         Employment creation

·         Rewarding dividends for shareholders