PROJECT FINANCE

New Mowana finance and resource

Cradle Arc (LN:CRA) has announced its turnaround plan after months of preparatory work at the 60%-owned Mowana copper mine in Botswana, including a JORC 2012 resource and exit from an offtake agreement.

Cradle Arc had some work to do when it took over operations in late 2016

Cradle Arc had some work to do when it took over operations in late 2016

The new resource at Mowana is 75 million tonnes at 1.15% Cu for 861,000 tonnes of contained copper, a 6% increase on the previous model. Cradle Arc CEO Kevin van Wouw told Mining Journal last week the...

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