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Stage 1 of the Minim Martap development remains fully funded through the ~US$95 million undrawn portion of the Company's US$140 million credit facility with AFG Bank Cameroon along with the Company's current unaudited cash position of ~US$43 million as at 28 February 2026
60% confidenceThe mobilisation of the surface miner represents an important step as Minim Martap moves rapidly towards production and with mining set to commence shortly and financing confirmed through to first shipment, the Company remains on track to deliver its first bauxite shipment in Q3, 2026
60% confidenceThe 20-year mining schedule represents only 13.1% of the current Minim Martap Resource and technical studies have identified opportunities for a significant future increase in the production target
60% confidenceWe continue to advance logistics, offtake discussions and our downstream feasibility study to maximise the long-term value of this tier-one, globally significant, high-grade bauxite project
60% confidenceUpdated financial cashflow modelling confirms that the Company's current cash position along with AFG debt financing fully supports the Company's CAPEX requirements for Stage 1 as outlined in the DFS, enabling first ore shipment in Q3, 2026, without the need for additional funding from EEA or Afriland
60% confidence