BWA Group PLC Granting of New Licence; Dehane 2

 
TIDMBWAP 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 
        OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310. 
 
6 September 2022 
 
                                 BWA Group PLC 
 
                    ("BWA", or the "Company") (AQSE: BWAP) 
 
 Granting of New Licence; Dehane 2 at the Dehane Heavy Mineral Sands Project, 
                                   Cameroon 
 
BWA Group plc [AQSE: BWAP], which has mineral exploration licences in both 
Cameroon and Canada and is quoted on London's AQSE Growth Market, provides an 
update on its recently granted Dehane 2 rutile sands Licence, located in 
Central Cameroon ("Dehane 2" or the "Dehane Project"). 
 
The permit is valid for three years from the 1st of September 2022 until the 
31st of August 2025 and applies to the exploration for rutile, ilmenite, zircon 
and other related minerals. The granting of the new licence increases BWA's 
in-country licence portfolio to four heavy mineral sands ("HMS") licences, 
expanding the total licence area from 1,123 km2 to 1,177 km2. 
 
The adjacent Dehane 1 Licence covers an area of 132 km2 and the contiguous 
Dehane 2 Licence covers an area of 54 km2, bringing the total Dehane Licence 
package area to 186 km2, comprising part of the prospective Nyong river system 
and is located 166 km to the southwest of Yaoundé, and 70 km from the deep 
seaport and industrial zone of Kribi (See Figure 1 and 2). 
 
A version of this announcement containing the maps can be viewed on the 
Company's website, http://www.bwagroupplc.com/. 
 
Outlook 
 
The granting of Dehane 2 is particularly positive for BWA as this licence 
covers an additional 14 km of strike length of the Nyong river system, an area 
known to be prospective for Ilmenite, Rutile, Zircon and Kyanite heavy mineral 
sand mineralisation. This additional 14 km brings the total strike length of 
the Dehane licences to some 34 km. 
 
Moreover, the licence covers the mouth of the river as it empties into the Gulf 
of Guinea. A river mouth can lead to a change in flow conditions that can cause 
the fluvial system to deposit any supplementary sediment (HMS) it is carrying. 
Furthermore, as shown in Figure 2, the licence covers some 20 km of coastal 
region which has the potential for marine type HMS deposition, where 
potentially economic accumulations of HMS are found within the lowest energy 
zone on the beach, the swash zone. 
 
BWA look forward to incorporating Dehane 2 into the regional exploration 
programmes for this licence group (Dehane 1 and 2). 
 
James Butterfield, interim Non-executive Chairman of BWA, commented: 
 
"We are pleased to have the Dehane 2 Licence granted which adds additional 
strike length of the prospective Nyong as well as the river deltas and coastal 
zone. We are delighted with the continued confidence shown in BWA by the 
Cameroon Government in the granting of this additional licence and look forward 
to exploring the additional strike of river system and associated floodplains 
that the licence gives us access to." 
 
Geology and Geological Interpretation 
 
The Dehane licence is located on the Western Cameroon Domain, which extends 
along the border between Nigeria and Cameroon. This domain consists of a series 
of medium-grade to high grade schists and gneisses of volcanic and 
volcano-sedimentary origin, intruded by later-stage granitoid complexes, the 
basement rocks are source of heavy minerals. 
 
The Nyong river is the main river which runs through the licence areas.  The 
BWA licences accommodate approximately 34 km of the prospective Nyong river 
floodplain system, deltas, and associated tributaries. 
 
The licences encompass a large active river system and an even larger 
paleo-floodplain area, and marine coastline observed in satellite imagery 
(Figure 2), although this has yet to be fully ground-truthed through fieldwork. 
This paleo-floodplain is likely to be a significant target for exploration and 
covers the length of the river with an initial expected width of over 2 km in 
the north and increasing in the south. Other rivers of various importance are 
found there: Owoumbé, Nkoudou, Bidinga, Mbebe, Mboke, and Ongué. 
 
The Dehane area has been known for some historic small scale artisanal 
historical rutile mining. However, the extent of its exploitation has not 
translated to concentrated modern exploration. 
 
Competent Person's Statement 
 
The information in this report which relates to the Dehane Project is based 
upon and fairly represents information collected and compiled by Mr Emmanuel 
Simo, MSc., Senior Geologist and Chief Geologist for BWA, who is a Member of 
the Australian Institute of Geoscientists. 
 
The results were reviewed by Mr J.N. Hogg, MSc. MAIG, Principal Geologist for 
Addison Mining Services (AMS) and Non-executive Director of BWA. 
 
Mr Simo and Mr Hogg have sufficient experience relevant to the style of 
mineralisation, the type of deposit under consideration and to the activity 
undertaken to qualify as a Competent Person as defined in the JORC Code 2012 
edition of the Australasian Code for Reporting of Exploration Results, Mineral 
Resources and Ore Reserves. 
 
Mr Hogg has reviewed and verified the technical information that forms the 
basis of and has been used in the preparation of this announcement, including 
all sampling and analytical data, and analytical techniques. Mr Hogg consents 
to the inclusion in this announcement of the matters based on the information, 
in the form and context in which it appears. 
 
Forward Looking Statement 
 
This announcement contains forward-looking statements which involve a number of 
risks and uncertainties. These forward-looking statements are expressed in good 
faith and believed to have a reasonable basis. These statements reflect current 
expectations, intentions or strategies regarding the future and assumptions 
based on currently available information. Should one or more of the risks or 
uncertainties materialise, or should underlying assumptions prove incorrect, 
actual results may vary from the expectations, intentions and strategies 
described in this announcement. 
 
No obligation is assumed to update forward looking statements if these beliefs, 
opinions and estimates should change or to reflect other future developments. 
 
 
For further information on the Company, please visit http://www.bwagroupplc.com 
/index.html or contact: 
 
BWA Group PLC                         +44 (0) 7770 225 253 
James Butterfield                     enquiries@bwagroupplc.com 
Interim Chairman 
 
Allenby Capital Limited               +44 (0)20 3328 5656 
Corporate Adviser 
Nick Harriss/Freddie Wooding 
 
 
 
 
Figure 2 
 
 
 
END
(END) Dow Jones Newswires
September 06, 2022 05:45 ET (09:45 GMT)
BWA (AQSE:BWAP)
過去株価チャート
から 1 2025 まで 2 2025