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The Group owns, through a 100% owned subsidiary, five iron ore licences that cover an extensive area of approximately 4,000 square kilometres in an emerging iron ore province in Cameroon, West Africa.
The Sierra Leone Licences comprise five exploration licences (EL.05/11, EL.06/11, EL.07/11, EL.08/11 and EL.09/11) for the exclusive right to explore for minerals in Sierra Leone over a total area of approximately 687 square kilometres.