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NGOA
Essong exploration permit
Overview
- Ownership: 70% (Essong exploration permit held through 70% interest in Ridgeway Energy SARL)
- Licence area: 491.6km2
- Renewable exploration licence for iron ore (and other minerals, including gold).
- Location: South Cameroon, adjacent to the Company's Nkout project and 30km from the proposed railway corridor leading to the Government-led, deep-water, port complex
- Target: 2km long iron-rich hill rising 300m above the regional landscape and showing an intense magnetic dipole
- Geology: Archaean age rocks with itabirite/banded iron formation float
- Rock sampling (23 samples) has shown iron percentages up to 69% with an average of 62%. 20 of these samples were enriched itabirite and three were itabirite/BIF
Geological map of Essong and Djoum exploration permit areas

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