Madimba Project Summary

Sootex Resources has successfully acquired private mining licenses, previously explored by Strandline Resources, which include the Madimba and Madimba East Heavy Mineral prospects.

Initial assessments suggest that these areas hold a significant resource potential, with over 17 million tons of material containing 1.5% to 3.5% total heavy minerals. This project is estimated to yield over 400,000 tons of Heavy Mineral Concentrate throughout its lifecycle.

Madimba East will be the primary focus due to its higher grade and superior financial prospects. To advance the project, Sootex engaged Mineral Technologies, who completed a Concept Level Study in August 2021, reinforcing the project’s viability and strategic importance.