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mwana gold (MWA)     

tudwick - 01 Nov 2006 10:57

Does anyone know anything about this company ? Apologies for being vague

Plunge - 27 Aug 2007 14:44 - 11 of 39

MWA's recently announced take over of Southernera must make this company one of the biggest diamond explorers after the likes of De Beers. BHP Billiton and Rio Tinto.

A share price of at least 1.00 seems very likely in the next 6-12 months.

mbugger - 11 Oct 2007 17:49 - 12 of 39

Market Cap.value must have increased after Southernera acquisition,hence if shares register stays the same,then s.p. follows,any views,also check out PDL,Plunge.

hlyeo98 - 23 Oct 2008 22:27 - 13 of 39

Mwana Africa to scale back exploration activities in order to conserve cash
AFX


LONDON (Thomson Financial) - Pan-African resources company Mwana Africa Plc. said it plans to scale back its exploration activities in order to conserve its cash balance in view of the recent changes in economic conditions and fall in commodity prices.

'Over the past six months, good progress has been made in developing the exploration programme across Mwana's portfolio of base metal, gold and diamond prospects,' the company said in a statement.

Mwana Africa added BNC, its operating asset in which it holds a 52.9 percent stake, is currently loss-making as it has been seriously affected by continuing challenging conditions in Zimbabwe and also due to the sharp fall in global nickel prices.

The company said BNC is taking steps to reduce costs and the rate of cash outflow and is in discussions with stakeholders to develop plans to lower the cost of supply from BNC's mines while maintaining its refining and smelting capacity, and to ascertain the availability of external funding.

hlyeo98 - 23 Oct 2008 22:29 - 14 of 39

Chart.aspx?Provider=EODIntra&Code=MWA&Si

tudwick - 23 Oct 2008 23:46 - 15 of 39

Sounds like yet another set to crash & burn.....

moneyman - 29 Apr 2009 15:42 - 16 of 39

People starting to take an interest at this price.

tudwick - 29 Apr 2009 15:59 - 17 of 39

With respect, since the consolidation, this needs to reach the dizzy heights of 1.63 for me to break even....ho hum. However, I did only have a small punt on them a few years back on the off chance that something might happen, but alas, another one that disappointed.

moneyman - 28 May 2009 19:40 - 18 of 39

Can't believe how much buying and little movement.

Balerboy - 29 May 2009 20:36 - 19 of 39

Nearly 5mil vol and it's gone down, are the mm's holding it back for some reason.
There doesn't seem to any news, any comments??

ptholden - 29 May 2009 21:44 - 20 of 39

Stock overhang?

Balerboy - 02 Sep 2009 09:14 - 21 of 39

Making a bit of headway today with RNS.:
Business Financial Newswire
Mwana Africa plc, the AIM listed mining group, has announced a promising initial resource estimate for the Zani-Kodo gold prospect in the Democratic Republic of Congo.

It has also received the approval of the DRC's Council of Ministers on the terms of its renegotiation with joint venture company L'Office des Mines d'Or de Kilo-Moto.


tudwick - 02 Sep 2009 09:25 - 22 of 39

Thanks for that info Balerboy. Got to admit I still hold these, but definitely a bottom drawer jobby to be hidden away, then check back in a few years time to see if they still exist & have made money, or simply disappeared like so many gold exploration companies before them.

wizardsleeve - 03 Sep 2009 12:00 - 23 of 39

TIDMMWA

RNS Number : 3672Y
Mwana Africa PLC
02 September 2009

2 September 2009
Mwana Africa PLC
Promising Gold Resource defined for Kodo portion of the Zani-Kodo trend
and
Government approval of renegotiated OKIMO JV contract

Mwana Africa plc ("Mwana" or the "Company") is pleased to announce a promising
initial resource estimate for the Zani-Kodo gold prospect in the Democratic
Republic of Congo ("DRC"). Mwana is also pleased to announce that it has
received the approval of the DRCs Council of Ministers on the terms of
renegotiation of its agreement with LOffice des Mines dOr de Kilo-Moto
("OKIMO").
SUMMARY
Zani-Kodo trend
The gold-bearing Zani-Kodo trend has been accurately delineated over a strike
length of 9km. Initial drilling, focused on the northern 700m of this 9km strike
(Kodo Section), has outlined JORC compliant indicated resources of 190,684 oz of
gold and JORC compliant inferred resources of 261,192 oz of gold. A single hole
at Zani Central, 5km south of Kodo, confirmed the mineralisation model and
intersected a broad zone of gold mineralisation. A drill-ready target at Le
Badolite has been identified between Kodo and Zani Central. Major linear soil
anomalies parallel to the main trend in the south extension of the trend
indicates the continuation of mineralisation under cover into this area.
Approval of renegotiated JV contract
Mwana has received notification that, following renegotiation discussions, its
agreement with OKIMO has received approval from the DRC Council of Ministers.
Mwana will as under the previous agreement, retain its 80%interest in the joint
venture. OKIMO will also retain its 20% free-carried interest. In addition:
The existing contract (the "contrat damodiation"), under which Mwana
Africa holds its rights for the exploitation of the Zani Kodo prospect, is to be
replaced by a joint venture, whereby Mwana and OKIMO will jointly establish a
company ("NEWCO") which will hold the mining titles.
One off payments totalling approximately US$600,000 will be made to OKIMO
and the mining registry (CAMI) upon creation of the joint venture, including
consideration for the transfer of mining titles to NEWCO and settlement of
disputes with the "Cadastre Minier" over surface fees accrued from November
2006.



Exploration update
Mwana Africa, in a JV to be formed with OKIMO, holds gold mining rights over
1,610 km2 in Orientale Province, DRC. The eastern area of the Ituri region is
underlain by a series of highly prospective greenstone belts of Kibalian age
(the Kilo-Moto Belt) which are considered to have high gold potential. This
semi-continuous belt hosts three main deposits currently being developed and
explored by Moto Mines, AngloGold Ashanti and Mwana Africa (See Figure 1). The
Moto greenstone belt was exploited primarily in the 1950s and 1960s by Belgian
charter companies, producing more than 3Moz of a total recorded 11Moz gold
production from hard-rock mines in the Moto belt, primarily from surface
operations (alluvials, shallow oxide pits).
Mwanas exploration programme has focussed on the Zani-Kodo prospect, in
particular around the historical Kodo mine and on a series of regional targets
identified through a high-resolution airborne geophysical survey, and where soil
geochemistry surveys have been completed.
In April 2007, Mwana Africa commenced a diamond core drilling programme at the
prospect. Initial drilling confirmed the presence of a continuous mineralised
shear zone at the contact between sandstones and banded iron formation ("BIF") /
graphitic schists. Gold is associated with increased quartz veining and the
presence of pyrrhotite and arsenopyrite. Subsequent drilling focused on testing
the downdip extensions of this zone over a strike length of 350m ("Kodo Main").
The latest phase of drilling focused on the Kodo Northern Extension zone.
A total of 152 holes and 27,682m have been drilled to date, covering an overall
strike length of 700m. Mineralisation of the drilled portion of Kodo Main is
open at depth and to the north. The Zani-Kodo trend continues to the south,
covering a total of approximately 9km.

Kodo resource
Two discrete subareas have been identified at the Kodo area (Figures 2,3).
Kodo Main Zone: This area has a strike length of 400m and includes the
partly mined Kodo orebody (Kodo Main) as well as two distinct hangingwall ore
zones (Kodo HW1 and HW2). The Kodo Main ore body is situated in sheared BIF and
schists at the upper contact with a competent sandstone where major quartz
veining is present. The ore zone is typically 10-15m wide with a maximum
thickness of 30m (Figure 4). The Main zone is continuous along strike over the
entire drilled length of 700m and contains a high grade shoot, which plunges
north-northeast, immediately below historical workings. This shoot extends over
a strike of 150m, and contains a lenticular quartz body and increased
arsenopyrite mineralisation. The hangingwall ore zones are narrower and are
associated with increased shearing along narrow graphitic units within the
overall hangingwall schist-sandstone package. The Main zone dips at 60 towards
the east and has been drilled to a maximum depth of 220m vertical. The
hangingwall zones are less continuous along strike and have been subdivided in
HW1, 1A, 1B and HW 2, 2A, 2B during the wireframe construction. They are
typically 1-5m in thickness. Higher up in the hangingwall sequence several
additional small pockets of mineralisation are present (HW3,4,5,6). A small ore
body is also present in the footwall of the Kodo Main area. All ore bodies
remain open at depth.
Kodo Northern Extension Zone: This area is offset to the north of a
north-east trending fault zone which marks the northern limit of the Kodo Main
zone. Two distinct ore zones are present (Kodo N Extension FW and Kodo N
Extension HW). These have widths of up to 11m and are approximately 40m apart.
The dip in this area is some 30 shallower than the Kodo Main zone with ore
zones dipping approximately 35 to the east (Figure 5). Both zones are open at
depth. To the north the mineralisation also remains open but appears to be
offset by another NE trending fault.
Selected intersections from Kodo Main (best widths and grades) include
25m @ 7.7 g/t, 31m @ 6.1g/t, 21m @


7.2 g/t, 14m @ 10.5g/t, 10m @

9.0g/t, 4m @ 31.2g/t. Complete assays used for the resource calculation are
being


posted on www.mwanaafrica.com. All assays were done by the

independent accredited SGS laboratory in Mwanza.
Densities (5,709 measurements) were measured across all mineralised
intersections.

Preliminary resource calculation
An initial JORC-compliant resource calculation has been carried out by BMRE Ltd
(an independent consultancy) for the drilled portion of the Zani-Kodo trend.
Indicated resources of 2,045,307t @ 2.90g/t and further inferred resources of
3,159,511t @ 2.57g/t have been defined, containing 190,684 oz and 261,192 oz
gold respectively. Top cuts of 20g/t and 12g/t were applied to the Kodo Main and
Northern Extension zones respectively.
+--------------------+--------------------+--------------------+--------------------+--------------------+
| Classification | Tonnes | Au (g/t) | Contained Au (g) | Contained Au (oz) |
+--------------------+--------------------+--------------------+--------------------+--------------------+
| Indicated | 2,045,307 | 2.90 | 5,930,944 | 190,684 |
+--------------------+--------------------+--------------------+--------------------+--------------------+
| Inferred | 3,159,511 | 2.57 | 8,123,992 | 261,192 |
+--------------------+--------------------+--------------------+--------------------+--------------------+

The bulk of the indicated resource is situated in the Kodo Main zone where
infill drilling has been completed. Conversion of the inferred resource at the
Kodo Northern Extension to the indicated category is expected to require a
limited amount of infill drilling. In addition, the open ended nature of the
mineralisation and the presence of broad intersections at depth, particularly in
the Kodo Main zone, indicate that the resource could be significantly increased
by further deep drilling to the east of the current holes.

District scale exploration
An interpretation of aeromagnetic data and field mapping has confirmed that the
Zani-Kodo mineralised structure extends over a strike length of 9km (Figures 5,
6). Target areas were identified along the trend in areas bounded by NE striking
faults similar to the Kodo prospect. A single hole was drilled at the Zani
Central target some 5 km south along the Zani-Kodo trend and identified similar
lithologies to the Kodo prospect and a mineralisation intersection of 26m @
1.3g/t (with peaks of up to 3.3g/t). This supports the structural model for
mineralisation. An additional Zani-Kodo trend target ('Le Badolite) is drill
ready.
To the south the controlling structure passes under cover and a soil sampling
programme was carried out (Grid 2). This shows three major gold in soil
anomalies (Anomalies 2A, 2B and 2C). The geophysical interpretation of this
area, combined with field mapping indicates that the area is underlain primarily
by easterly dipping BIFs. It appears that a series of hangingwall structures to
the main Zani-Kodo trend are present with stacking of the BIF units. Anomalies
2A and 2B are elongate parallel to these structures, with strike lengths of
3,000m and 2,500m respectively. Gold in soil values consistently in excess of
100ppb are present along the complete strike lengths of both anomalies and their
correspondence with interpreted structures indicate the presence of significant
mineralisation in bedrock. A further irregular anomaly (2C) is present in the
south of the grid (Figures 6, 7)

Kalaa Mpinga, Chief Executive Officer of Mwana Africa, commented:
"We are pleased to be able to announce our first resource estimate based on our
initial exploration at the Zani-Kodo gold prospect. Indications are that only
limited additional drilling is required to upgrade the majority of the inferred
resource to indicated. Moreover, results to date are based on drilling of only
700m of an estimated 9km strike length along the length of Mwanas prospect the
Zani-Kodo trend. Together with the nearby Moto Goldmines and AngloGold
concessions, the prospect represents one of the worlds major undeveloped gold
resources. The approval by the DRC Council of Ministers of our joint venture
agreement with OKIMO is a further step towards realising the potential of this
exciting gold prospect."
Please click on the link below to view Figures 1-7:
http://www.rns-pdf.londonstockexchange.com/rns/3672Y_1-2009-9-1.pdf

A complete version of this press release, together with details of significant
intersections and diagrams showing the Zani-Kodo licence and project area, and
the location of Kodo diamond core drillholes, is available for download from the
Companys website; www.mwanaafrica.com.

Enquiries:
Oliver Baring, Executive Chairman Tel: 020 7654 5580
Mwana Africa PLC
Tom Randell / Anca Spiridon Tel: 020 7653 6620
Merlin
Mike Jones / Ryan Gaffney Tel: 020 7050 6500
Canaccord Adams Limited


GLOSSARY
Au gold
km kilometres
km2 kilometres squared
oz ounce(s)
Moz million ounces
JORC the Joint Ore Reserves Committee of
Australia
CIM Canadian Institute of Mining, Metallurgy
and Petroleum
t tonne(s)
g gram(s)
ppb parts per billion
N.I.43-101 National Instrument 43-101 Standards of
Disclosure for Mineral Projects, Canada
Kibalian The Kibalian greenstone belts represent a
preserved portion of an Achaean orogen broadly dated at 2500- 3500 Ma
Ma million years
Mineral resource a concentration or occurrence of material of
intrinsic economic interest in or on the Earths crust in such form, quality and
quantity that there are reasonable prospects for eventual economic extraction.
The location, quantity, grade, geological characteristics and continuity of a
Mineral Resource are known, estimated or interpreted from specific geological
evidence and knowledge. Mineral Resources are sub-divided, in order of
increasing geological confidence, into Inferred, Indicated and Measured
categories.

Indicated resource part of a Mineral Resource for which tonnage,
densities, shape, physical characteristics, grade and mineral content can be
estimated with a reasonable level of confidence. It is based on exploration,
sampling and testing information gathered through appropriate techniques from
locations such as outcrops, trenches, pits, workings and drill holes. The
locations are too widely or inappropriately spaced to confirm geological and/or
grade continuity but are spaced closely enough for continuity to be assumed.

Inferred resource part of a Mineral Resource for which tonnage,
grade and mineral content can be estimated with a low level of confidence. It is
inferred from geological evidence and assumed but not verified geological and/or
grade continuity. It is based on information gathered through appropriate
techniques from locations such as outcrops, trenches, pits, workings and drill
holes which may be limited or of uncertain quality and reliability.


This press release includes 'forward-looking statements. Words such as
'anticipates, 'expects, 'intends, 'plans, 'forecasts, 'projects,
'budgets, 'believes, 'seeks, 'estimates, 'could, 'might, 'should and
similar expressions identify forward-looking statements. All statements other
than statements of historical facts included in this press release, including,
without limitation, those regarding Mwana Africas business strategy and plans
and objectives of management for future operations and acquisition
opportunities, are forward-looking statements. Such forward-looking statements
involve known and unknown risks, uncertainties and other important factors which
could cause the actual results, performance or achievements of Mwana Africa or
the markets and economies in which Mwana Africa operates to be materially
different from future results, performance or achievements expressed or implied
by such forward-looking statements, including, without limitation, political,
regulatory and economic factors. Factors that would cause actual results or
events to differ from current expectations include, among other things,
political risks in the DRC and Zimbabwe (including whether the power sharing
agreement will be successfully implemented), changes to regulations affecting
Mwana Africas activities, and the other risks involved in the mineral
exploration industry. Mwana Africa believes that the assumptions inherent in the
forward-looking statements are reasonable; however, forward looking statements
are not guarantees of future performance and accordingly undue reliance should
not be put on such statements due to the inherent uncertainty therein. Mwana
Africa does not assume any responsibility to update any of such forward-looking
statements, save as required by relevant law or regulatory authority.
Charl du Plessis, Executive Vice President Exploration of Mwana, who holds a PhD
and is a Member of the AusIMM, is a "Qualified Person" as defined in the AIM
Rules and in National Instrument 43-101 - Standards of Disclosure for Mineral
Projects, and the information contained in this press release is based upon
information prepared under the supervision of Dr. Du Plessis.
Mineral Resources included herein are presented in accordance with the JORC
Code. If presented in accordance with the CIM Definition Standards on Mineral
Resources and Mineral Reserves adopted by the CIM Council, the Mineral Reserve
and Mineral Resource presentation would be materially same.





This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCLBMLTMMAMBAL
Just copy and pasted from adv....may be worth a look

Balerboy - 03 Sep 2009 21:15 - 24 of 39

Thanks for the info wizardsleeve, nice update.

wizardsleeve - 04 Sep 2009 09:04 - 25 of 39

Baler......check out ADV threads.....there is lots of other stuff on that one pal.......but this stock looking good at the moment and AGM due 15 sept together with updates on the current project...

Balerboy - 04 Sep 2009 10:04 - 26 of 39

Certainly looks to moving in the right direction, cheers.

wizardsleeve - 14 Oct 2009 07:29 - 27 of 39

14th October 2009

Mwana Africa PLC

Freda Rebecca - First gold production


Mwana Africa PLC ("Mwana" or the "Company") is pleased to announce the first pour of gold following completion of Phase 1 of its refurbishment programme at the Freda Rebecca gold mine in Zimbabwe. 180 ounces of gold dorwere produced on 13th October 2009.

Production rates from Phase 1 are forecast to increase to 30,000 ounces of gold per year by the end of 2009. Planning for Phase 2 of the refurbishment programme, which is expected to increase output to in excess of 50,000 ounces of gold per year, is well advanced. This will involve the rehabilitation of the second milling circuit and an increase in the capacity of underground mining equipment.


Kalaa Mpinga, Chief Executive Officer of Mwana said:

"The first gold pour marks a significant milestone in the redevelopment of our assets in Zimbabwe and I would like to pay tribute to the application and dedication of our management team and staff who have made this possible."


This press release is available for download from the Company's website; www.mwanaafrica.com.


Balerboy - 14 Oct 2009 08:15 - 28 of 39

You were on the ball this morning wiz, good news.. now a triple bagger for me at mo..:))

gibby - 18 Sep 2011 21:24 - 29 of 39

some familiar names here a while back......

anyhow last week i heard some interesting chatter for mwa - keep a very close eye here even possibly as early as tomorrow -cant say anything else except it is way under valued and things are happening! lol - gl

gibby - 18 Sep 2011 21:30 - 30 of 39

i like to help..................

http://af.reuters.com/article/southAfricaNews/idAFL5E7KG2GW20110916?sp=true

should multi bag in the not too distant reasonably easily - gla :-0
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