Our 100% owned flagship Baniaka iron ore project located in south-east Gabon, is fully permitted with environmental approval, a large-scale, 20-year mining permit to support a starter 5Mtpa scalable operation, and a recently signed Mining Convention with the State of Gabon.
Once developed, Baniaka will involve conventional open pit mining and iron ore processing methods to produce Lump, Fines and Pellet Feed products, which will initially be delivered via a 60km dedicated haul road to a Company-owned rail terminal connected to the existing Trans-Gabon Railway infrastructure and shipped to export markets from the Owendo Mineral Port.
Early works on the haul road have commenced, and the next milestone to achieve is to secure project funding.
Baniaka has defined JORC Mineral Resource and Ore Reserve estimates, and significant potential resource upside. Genmin proposes to develop Baniaka at an initial rate of 5Mtpa and to increase scale over time to at least 10Mtpa.
Baniaka, and Genmin's nearby Bakoumba iron ore project, provide an emerging iron ore hub near the Haut-Ogooué provincial capital city of Franceville. The hub is favourably situated adjacent to existing and operating bulk commodity transport and renewable energy infrastructure, to which Baniaka has secured long-term access for commercial operations.
Baniaka is expected to be Gabon's first large-scale iron ore mine, with first commercial production targeted for late 2026.
