AFRICA STORIES

Tawana still in with chance of iron glory

It’s a familiar enough scenario; a company has spent millions on a potential development project but the macro conditions have changed and a decision has to be made on whether to persist or cut and run. There’s a whole slew of iron ore juniors facing just this dilemma – including some real horror stories in terms of funds spent (or torched) – with most likely to conclude an exit is the best, or only, option. Tawana Resources has an iron ore asset, but it looks far better placed than the bulk.

Tawana still in with chance of iron glory

That’s simply because Tawana’s Mofe Creek project in the West African country of Liberia appears to include a shallow, high-grade DSO component near a port and hence featuring very low capital and operating...

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