News and Updates
Vector Resources Limited is pleased to announce that it has successfully completed its legal and technical due diligence and formally notified Société Minière de Kilo Moto (“SOKIMO”) of its decision to proceed with the establishment of a joint venture for the exploration and development of the Kibali South Gold Project and a development Partnership for the exploration and development of the Nizi Gold Project.
Vector Resources Limited is pleased to announce that following an independent resource verification process, it has finalised the conversion of the historical SAMREC Mineral Resource Estimate prepared by AngloGold Ashanti in 2013 for the Adidi-Kanga Gold Project to a JORC (2012) compliant Mineral Resource Estimate of 3.2 million ounces of contained gold.
Vector Resources, December 2017 Quarterly Activities Report
Vector Resources Limited is pleased to announce the successful completion of the due diligence period under the Heads of Agreement it executed with Mongbwalu Gold Mines SA and Fimosa Capital Limited for the purchase of 60% of the Adidi-Kanga Gold Project in the Democratic Republic of Congo.
Vector Resources confirm due diligence is progressing well for the completion of agreements with (1) state-owned gold mining company Société Minière de Kilo Moto (SOKIMO) to finalise joint venture agreements for its 100% owned Kibali South Gold Project and Nizi Gold Project and (2) Mongbwalu Gold Mines SA and Fimosa Capital Limited for Vector to hold a 60% interest in the world-class Adidi-Kanga Gold Mine, part of the Mongbwalu Gold Project.
The Directors of Vector Resources Limited are pleased to advise that Mr Andrew Steers, who joined the Company on a short-term contract in September 2017 as its Chief Financial Officer, has been appointed to take this role on a permanent basis.
Heads of Agreement executed with Mongbwalu Gold Mines SA and Fimosa Capital Limited for Vector to hold a 60% interest in the world-class Adidi-Kanga Gold Mine part of the Mongbwalu Gold Project located in the Ituri Province of the Democratic Republic of Congo
Two agreements signed with state-owned company Société Minière de Kilo Moto (“SOKIMO”) to finalise joint venture agreements for its 100% owned Kibali South and Nizi Gold Projects located in the Ituri and Haut Uele Provinces of the Democratic Republic of Congo.
Vector Resources is pleased to provide a drilling update on the current drilling program and activities that are ongoing at the Kabotshome Gold Prospect at the Company’s Maniem a Gold Project located in the Democratic Republic of Congo (“DRC”). In addition, the Company is pleased to provide an update on its ongoing discussions in respect of negotiations with a number of parties to acquire additional advanced projects in the DRC.
The new “Lukele Gold Prospect” is located west of the Company’s main Kabotshome Gold Propect which has an inferred Mineral Resource of 6,966,000 tonnes at 1.9g/t for 421,000oza (refer ASX announcement 17 January 2017).