The Bakoumba Project (Bakoumba) is an advanced exploration project with defined drill targets. It comprises the Bakoumba and Mafoungui exploration licences covering an area of 1,836 km2.

Bakoumba is part of the Magnima Greenstone Belt, prospective for iron and precious metals, in the Chaillu Massif basement. Previous explorers have focussed on base and precious metals with limited iron exploration.

Mapping, surface sampling, geophysical surveys and pitting by the Company have confirmed a 36km strike length of semi-continuous BIF geology at Bakoumba, similar to Baniaka. Iron mineralisation at Bakoumba has been subdivided into nine prospects.

Exploration completed by Genmin at Bakoumba since 2014 has included:

  • detailed geological mapping and surface sampling;
  • a total of 510 line-km of ground magnetic surveys;
  • detailed mapping and pitting (185 vertical linear-m of test-pitting in 44 pits) of priority prospects;
  • metallurgical test work on 25 bulk DID samples, and
  • a high resolution heliborne aerial photography and LiDAR survey over priority prospects.

The Company’s proposed 2021-2022 work program at Bakoumba includes:

  • Auger drilling at priority prospects;
  • estimation of a maiden DID Mineral Resource; and
  • scoping study level assessment of the potential viability of the maiden DID Mineral Resource.
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