Cavalla holds three Class B Mining Licenses as part of the Buchanan Iron Ore Tailings Project, located at the Port of Buchanan. The company also holds several exploration projects, namely; Goe Fantro, Kitoma, St John River South, and Toto Range, as well as the right of first refusal over three additional exploration areas, all held under an existing Mineral Development Agreement with the Government of Liberia.
Cavalla also acquired a further exploration license, Kitoma II, from BHP Billiton. The Kitoma and Kitoma II licenses are contiguous with Cavalla’s Nimba South exploration license. The defined iron ore resources for the projects acquired from BHP Billiton comprise 1.9 Bt of JORC-compliant resource, including approximately 132 Mt of Direct Shipping Ore at 57% Fe.