sekoko resources...waterberg project • total of 8 tenements, with total surface area of 7,500 ha...
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Sekoko Resources STRATFOR Presentation
17 October 2011
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Sekoko Resources
• Chairman and Founder: Timothy Tebeila
• Wholly black owned company
• Original Focus: Mining projects in located in Limpopo of RSA
• Strategy: Move into other provinces and neighbouring countries
• Widen business focus by mining additional commodities
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Sekoko Projects
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Waterberg Project, Smitspan
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Waterberg Locality Map
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Waterberg Project
• Total of 8 tenements, with total surface
area of 7,500 ha
• Adjacent to existing Exxaro Mine,
Grootegeluk
• Initial drilling by Sekoko from 2007
• 1.8bn tonnes GTIS
• Definitive Feasibility Study (DFS)
completed in October 2010
• Mining Rights Application granted as off
August 2011
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Waterberg Project
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Drilling on Smitspan
Borehole Positions and Stripping Ratio on Smitspan
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Geology
• Zone 11 -7:
• Overburden = 32m
• Avg. seam width = 9m
• Zone 11–1: Sulphur ≈ 1
Moisture ≈ 3
Zone 11 – 7
•CV ≈ 22
•Ash ≈ 29
•Volatiles ≈ 29
Zone 6 – 4
• CV ≈ 19
•Ash ≈ 35
•Volatiles ≈ 24
Zone 3 – 1
•CV ≈ 24
•Ash ≈ 22
•Volatiles ≈ 22
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Smitspan Mine Design
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Railway Logistics
• Conceptual
design completed
• Three (3) options
identified
• Specialist studies
conducted on
options
• ROD expected in
February 2012
(DEA process and
timelines)
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The Customer: Eskom
• Existing MOU allocated for 525 000t is being
reviewed and a possible allocation of 10mt to be
resolved by September 2011, for a 30-40year
supply
• Coal to be supplied to Tutuka and Majuba Power Stations located in Mpumalanga
• Additional production of export quality (CV ≈ 24)
• Determined agreements, dictate project timeline
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Key Milestones
Completed
DFS
Mining Right
Rail – Preliminary
design
Infrastructure
CHPP design
Outstanding
WULA
EIA/ROD: Smitspan
EIA/ROD: Rail
Eskom final MOU
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Capricorn Iron Ore, Limpopo
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Capricorn Iron Ore – Locality Plan
The Capricorn project involves the development of a greenfield open-cast iron ore mine 30km
NE of Polokwane, Limpopo. The project area includes 4 farms(A) located adjacent to the
Zandrivierspoort low-grade magnetite iron ore deposit of Kumba Resources(B).
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Capricorn Iron Ore
Sekoko has 2 Iron Ore Prospecting Rights on the
farms DeLoskop, Roodewal, Ruigedraai and
Kalkfontein with a total exploration target of iron ore
mineralisation estimated at 200Mt at a
grade of between 30% Fe and 40% Fe. The
target formation, the Zandrivierspoort Banded
Ironstone Formation (BIF), hosts mineralisation
at a locality 35km to the SE at a grade of 35%
Fe where the geology of the regional deposits
is well understood as a result of historical
exploration having been undertaken previously
by ISCOR/Kumba.
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Roodewal & Ruigedraai
Zandrivierspoort
Roodewal
Ruigedraai
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Kalkfontein
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Timeline Project Planning
2008/09 •Drilling
2010 •Reserve 2011
•Compilation of Mining Right
Application; EIA/EMP
2012 •Mining Right Application
2014 • Construction
•Commissioning
2016 •Production
2013 •Mining Right Granted
2015 •Production
Production
Exploration
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Tuli Block Coal, Musina, Limpopo
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Tuli Block – Locality Plan
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Tuli Drilling
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Exploration Results
• Main coal zone at shallow depths ranging
from 22 to 26 metres
• The coal zone varies in thickness from 13
to 22 metres
• Free Swelling Indices were mostly in the
range 5 to 7 indicating that the coal has
coking potential
• Coal qualities are quite attractive with
theoretical yields of up to 50% for a 12%
ash product
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2008/09 •Drilling
2010 •Reserve 2011
•Compilation of Mining Right
Application; EIA/EMP
2012 •Mining Right Application
2014 • Construction
•Commissioning
2016 •Production
2013 •Mining Right Granted
2015 •Production
Production
Exploration
Timeline Project Planning
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Acknowledgements
• Management of Sekoko Resources and
Board of Firestone Energy Ltd. for
permission to present
• Staff of Sekoko for assistance
• Chris Goodale; Consulting Geologist
• Dave Newman; Wirtgen South Africa, and
WirtgenGmbH
• Parsons Brinckerhoff; who carried out the
feasibility study of the project