Did you know that:14 Aug 2019 08:24
Edenville have a Fully Licensed Operational Revenue Producing Coal Mine with 173 Million Tonnes of Known PROVEN Coal in Tanzania.
According to the Tanzanian Mining Cadastre Edenville's Full Mining Licence covers an area of 9.88 sq. km.
Edenville also have three Active Prospecting Licences covering 61.47 sq. km. The total area of all Active Licences is 71.35 sq. km. (27.5 sq. ml.) so have the potential to find and mine up to six times the current known amount of coal.
The Company are hopeful (after the nullification of ALL Mining tenders by the TGov) that they will be invited by Tanesco (as have Kibo Energy) to continue with their CPP to enable them to add power to the Tanzanian Backbone Interconnector Project and Eastern Africa Power Pool.
Edenville are to the best of the company's understanding unique in this area, and have informed the market by RNS that they believe they are on track to become cashflow positive (now) WITHIN the next 9 month.
With the potential of IN EXCESS of ONE BILLION TONNES of Coal within Edenville's Licensed area the (totally overlooked) resource is truly phenomenal giving the company HUGE potential (and OTHER possibilities) should they get the request to proceed with the RCPP and add Power to the Pool.
All imo, pdyor