Australia based Kogi Iron has been granted two mining licences for its Agbaja iron-ore and steel project, in Kogi state, Nigeria.
The two granted mining licences cover 90.7 km2 and contains 586-million tonnes of indicated and inferred mineral resources.
Kogi is currently discussing potential joint venture opportunities with a number of parties that have expressed an interest in participating in the Agbaja project, with the company saying on Friday that these discussions were at an early stage and remained incomplete.
A joint venture arrangement is only one of a number of funding mechanisms being considered for the project.
Meanwhile, Kogi will undertake a 50 t bulk sample operation for metallurgical testing over the coming weeks. The testing, to be conducted by Mintek in Johannesburg, will form an integral part of the definitive feasibility study for Agbaja.
Credit: Mining Weekly
