We have a highly experienced board and technical management team on the ground focussed on the delivery of near-term cashflow by mining our metal rich ore body at Atex. Firering already has permitting in place to produce 70 tonnes of a high value Tantalum concentrate of at our flagship Atex project located in north Côte d’Ivoire where exploration for Lithium and Columbite-Tantalite mineralisation, including a 4,000m auger and 2,100m diamond drilling programme is underway.
The Company is also planning pilot production in areas of high Columbite-Tantalite results in tandem, which, if successful can be scaled up rapidly. We are also in the advanced stages of arranging a debt facility of FCFA 5,057,000,000 (approx. €7.5 million), to fund the initial scale-up processing plan.
Firering has identified further assets in the Côte d’Ivoire which we believe have potential for critical mineralisation. The company plans to execute feasibility studies to confirm deposits in these new concessions.