Prefeasibility study and Exploration license are in place.
It is located on a site of about 45 square kilometers in Nasarawa state, Nigeria.
The iron in deposits is above 60%, and the recovery rate is high.
The iron in deposits is above 60%, and the recovery rate is high.
Mineralogy of the Mine:
Magnetite
Magnetite constitutes a significant portion of the ore
body. At the present level of excavation, it appears to be the zone separating
the main ore Hematite from the wall rock.
The depth of weathering in the area indicates that the
terrain is likely to be underlain by Schists. Schists is therefore likely to
constitute the wall rock
Freshly exposed Magnetite layers contain the micaceous
variety of the mineral.
It is in form of flakes having metallic lustre in
addition to a greenish grey tarnished surface. In sections of the exposure,
there are two less common varieties, brownish dust and pebbles as well as a
rare massive greyish to dark ore having faintly discernible layering. The
micaceous variety often contains streaks of reddish Hematite. When the Hematite
content is high, the ore loses its magnetic property. At present, Magnetite
layers are discarded treated as a gangue.
Hematite
This mineral is the ore mineral in the mine. It appears
in two forms, The massive dark grey to black variety which forms the core of
the deposit.
It is nonmagnetic
and the ore body has a steep dip varying between 45 degree and near vertical
dips. The second is the reddish coloured variety often found associated with
Magnetite.
Pyrite
This mineral is very rare in the present workings. It is
found with the massive dark variety of Hematite. The mineral occurs as yellow
patches in the Hematite.
Chlorite
Minor Chlorite mineralization is associated with the
Magnetite in a few sections of the mine.
The mineral is deposited in the spaces between layers of
Magnetite.
Ore Texture
The ore minerals
are generally fine textured.
Even the massive Hematite has a grain size around 1mm
across while the Magnetite has a finer texture making the grains almost
microscopic in size
Genetic Model
The Mada iron ore deposit does not conform to the classic
BIF model. It is almost free of Chert, there is hardly any sign of banding and
it is doubtful if it is a chemical rock. Another genetic model for its genesis
will have to be worked out.
Resources of Ore
Considering the limited size of the studied area,
evaluation of resource is not likely to be reliable. The lowest level of
knowledge in the international method of evaluation is INFERRED. This has an
error margin of ±50%.
SG of 5.0
Inferred Resource is 2,016,000,000 metric tons
Accessibility
The mine site is located about 7 km east of a rail line. In addition, there is an earth road motorable all the
year round running from the mine to the main surfaced road to Nassarawa Egon.
Size
Its located on over 45 km stretch of land.
Serious prospective buyers/ investors should contact Olushola Ajisebutu
olushola.ajisebutu @ gmail.com
Guy simmonds Ngr Ltd
Guy simmonds Ngr Ltd
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