Agrominerals in Uganda
Uganda’s rising population is putting increasing pressure on farming and traditional shifting cultivation is becoming ever more impractical. Soil nutrients are fast becoming depleted and crop productivity is falling, especially in the smallholder farms which account for most food production. Despite this, Uganda is currently one of the lowest ten countries worldwide for fertiliser usage per hectare of cultivated land.
Namekara Mining Company Limited (NMCL) holds mining and exploration licences over the Bukusu Complex, a carbonatite complex near Mount Elgon close to the Uganda/Kenya border. The Complex contains several agromineral commodities: vermiculite, already in production, which can be made into a horticultural growth medium or soil improver; primary and residual phosphate rock, which was mined as fertiliser raw material in the 1950s; carbonatite suitable for agricultural lime; and the central agglomerate of the complex which is rich in potash and may be suitable for direct application
Equator is working with NMCL to develop and market agromineral products.
IGS (International Geoscience Services) Ltd
IGS is a commercial spin-out from the UK government’s British Geological Survey, which undertakes work for the World Bank and overseas governments. Equator Gold provides management and commercial consulting services to IGS.
Belgian company Walzinc sprl is prospecting for zinc and other metals in historical zinc mining areas in Belgium and Portugal. Many undeveloped resources remain in such areas and few of them have been systematically explored using modern techniques and current models of mineralisation. The known resources in the two projects, when promoted to JORC standards, will probably amount to at least 5Mt at approximately 12% Zn and 2% Pb, and both projects have a good deal of exploration upside. The Equator Group holds a small equity interest in Walzinc and provides geoscience mapping services.
South Sudan Exploration (suspended for force majeure December 2016)
The Luri Gold Project, Equator’s first asset in South Sudan, is highly prospective and located conveniently close to the capital city of Juba. Equator’s exploration to date has been extremely successful and we have already identified three very promising gold targets. We believe that there is a good probability that the Luri licence contains several significant, multi-million ounce gold resources. The Group has earned 65% beneficial interest in the Luri project and can earn up to 85% under an agreement with South Sudanese company Consolidated Mineral & Energy Resources Investment Co Ltd. (CMERIC). We intend to advance the project from early stage exploration to resource evaluation as quickly as possible.
The Group also has a 75% earn-in right over the Wudabi Project, an area of extensive artisanal gold panning 100km southwest of Luri. Remote sensing and geological work by Equator at Wudabi has revealed a greenstone-like rock sequence. Efforts are currently underway to evaluate an alluvial gold operation to generate early revenue.
The Group holds a 49% equity holding in the Katokeji Project, an extension of the Luri geological structure with areas of significant artisanal gold panning. Katokeji also contains significant deposits of carbonate rocks, which could be developed for agricultural lime, an important soil conditioner. This has led Equator to become involved in a potential farming venture.