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Through its 100% owned subsidiary Compagnie Minière du Cameroun SA, WAFM owns exploration licenses in Cameroon spanning the coastal regions near existing and developing ports - the Sanaga permit near the Port of Douala; and the Binga permit near the Kribi deepwater seaport.
In Sierra Leone, the Company has exclusive exploration rights over mineral licenses, particularly iron ore, held by wholly-owned subsidiaries of Ferrous Africa Limited, obtained through the acquisition of Ferrum Resources Limited in January 2012.