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Press Release

MEYA MINE P.E.A. SPARKS BRIGHT FUTURE FOR TRUSTCO’S MINING PORTFOLIO

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Windhoek, Khomas, Namibia, 3rd Sep 2024 – Trustco Group Holdings Limited (TTO.SJ), listed on the Namibian Stock Exchange (NSX), the Johannesburg Stock Exchange (JSE), and the OTCQX Best Market, is pleased to announce NI 43-101 Technical Report for the Meya Diamond Mine Project, Sierra Leone (the “Technical Report”). The Technical Report, dated 26 August 2024 with an effective date of 19 August 2024, was prepared at a Preliminary Economic Assessment (PEA) level. The PEA indicates favourable economic potential with a post-tax Internal Rate of Return (IRR) of 65% and a post-tax Net Present Value (NPV) of United States Dollar (USD) 95.1 million at a 10% discount rate over a 7-year life of mine.

Quinton Z van Rooyen, Trustco’s Deputy CEO

Quinton Z van Rooyen, Trustco’s Deputy CEO, commented on the PEA results: “The positive outcome of this PEA marks a significant milestone for Trustco’s mining portfolio and validates our strategic investment in Meya Mining. With an impressive IRR and substantial NPV, the Meya Mine project not only demonstrates its robust economic potential but also underscores our commitment to creating long-term value for our investors. We are particularly excited about the opportunities for resource expansion, given that this PEA covers only a fraction of our licensed area.”

The Technical Report evaluates the potential viability for underground mining of the Meya River domain using the Long Hole Open Stoping (LHOS) method. It applies Tomra sorting technology to eliminate run of mine waste rock from the diamond-bearing kimberlite prior to treating the material through a dense media separation (DMS) plant. The process plant includes a series of Tomra XRT units to recover large diamonds, as the Meya Project has demonstrated the potential for producing large stones.

Geological studies have revealed the presence of high-quality diamonds within the Meya River kimberlite dyke system, including a significant proportion of valuable Type IIa diamonds. Core 
drilling and sampling completed through June 2024 have provided the foundation for the maiden mineral resource estimate. The economic analysis projects positive cashflows throughout the project’s life, with peak cashflows anticipated in the middle years of operation.

It is important to highlight that this technical report covers only a 1.3 km portion of the Meya River domain’s 2.8 km strike length down to 800m below the surface, representing less than 3% of the license area’s intrinsic geo-economic potential. With at least 16 additional domains yet to be evaluated, there are significant opportunities for resource expansion and optimization of mining methods in the coming years.

Meya Mining intends to continue the resource development campaign on the remaining domains, with the aim to add additional resources on an annual basis over the remaining 20-year license period. The Meya River domain provides a solid cornerstone from which the mine will continue to expand. The mine is expected to reach steady-state commercial production during the forthcoming financial year.

In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Sean Duggan, Pri.Sci.Nat., M.Sc., Principal Mineral Resource Analyst and Director of Z Star Mineral Resource Consultants, has authored Section 14, as well as relevant content in Sections 1, 25, 26, of the Technical Report as a Qualified Person. Mr Duggan has approved the Resource Estimate and its inclusion in this announcement, confirming the estimate is in accordance with the SAMREC reporting code.

In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Casey Hetman, P. Geo., M.Sc., corporate consultant/practice leader of the mining and geology SRK Consulting (Canada) Inc. in Vancouver, has authored Sections 4, 5, 6, 7, 8, 9, 10, 11, 12, 23, 24, as well as relevant content in Sections 1, 25, 26, References, and Date and Signature of the Technical Report as a Qualified Person and has reviewed the inclusion of the summary of the Report in this announcement. The Technical Report was authored in accordance with the NI 43-101 reporting code.

In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Philip John Rider, Pr.Eng., MIMMM, B.Sc., has authored Sections 13.1 to 13.6 and 13.8 of the Technical Report, as well as relevant content in Sections 1, 25, 26, References, and Date and Signature of the PEA as a Qualified Person and has reviewed the inclusion of the summary of the Report in this announcement. The Technical Report was authored in accordance with the NI 43-101 reporting code.

In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Jarek Jakubec, C.Eng., FIMMM, M.Sc., corporate consultant/practice leader of the mining and geology SRK Consulting (Canada) Inc. in Vancouver, has authored Sections 3, 12, 15, 16, 19, 21.1.1, 21.2.1, 22, as well as relevant content in Sections 1, 25, 26, of the Technical Report as a Qualified Person and has reviewed the inclusion of the summary of the Report in this announcement. The Technical Report was authored in accordance with the NI 43-101 reporting code.

In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Molojwa Bennett Herbet Keikelame, Pr.Eng. SAIMM, B.Sc., has authored Sections 16.7, 17, 21.1.2, and 21.1.3 of the Technical Report, as well as relevant content in Sections 1, 25, 26, References, and Date and Signature of the PEA as a Qualified Person and has reviewed the inclusion of the summary of the Report in this announcement. The Technical Report was authored in accordance with the NI 43-101 reporting code.

Trustco’s investment in mining was initiated in 2015 with the strategic objective of diversifying Trustco’s investment holdings into the natural resources sector. It aims to generate USD returns, acting as an internal hedge against potential macroeconomic impacts on the group’s traditional markets in Namibia and South Africa. While the mining mandate encompasses building a diversified mining portfolio, the primary focus remains on unlocking the full economic potential of its diamond assets, as Meya Mining’s mining license area has yielded five of the world’s largest stones recovered. Trustco holds a 19.5% equity stake in Meya Mining and a loan receivable from Meya of USD 46 million. The combined value of Trustco’s investment in Meya Mining is reflected in Trustco’s financial statements at approximately USD 110 million.

The NI 43-101 Independent Technical PEA Report is available at https://tinyurl.com/yvy8p6xs. With the ongoing development of Meya Mining, Trustco continues to demonstrate its ability to position itself for continued high growth success in its mining portfolio. Trustco’s strategic investment in Meya Mining is set to yield sparkling returns for years to come.

About Trustco:

Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, which manages a diverse portfolio of investments spanning the insurance, real estate, non-deposit taking financial services, micro-finance, education, and mining sectors. Decisions are biased towards generational investment performance alongside shareholder wealth creation, and short-term hurdles are viewed as catalysts for future growth.

Since inception in 1992, Trustco’s investment portfolio has delivered strong returns with a CAGR of 68.97%, with a well-balanced asset mix, with a current average weighting of 34% in US Dollar based assets, while the remaining 66% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets. Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.

About Namibia:

Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects.The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.

The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.

Forward-Looking Statements:

All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, including statements regarding Trustco’s plans to upgrade its ADR program and the results of such an upgrade, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

 

Media Contact

Organization: Trustco Group Holdings

Contact Person: Neville Basson

Website: https://www.tgh.na

Email: Send Email

Contact Number: +264612754501

Address: 2 Keller Street, Trustco House

Address 2: Windhoek

City: Windhoek

State: Khomas

Country: Namibia

Release Id: 03092416482

The post MEYA MINE P.E.A. SPARKS BRIGHT FUTURE FOR TRUSTCO’S MINING PORTFOLIO appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

Benefits Of Best Spring Break Deals With Go Blue Tours

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Go Blue Tours welcomes you on board with spring break deals. So why choose us? Find out why getting the best spring break deals is the smartest choice for your next vacation.

In an increasingly digitalized world full of cloned options lacking empathy, trusting experts who know the destinations, the best routes, and the most authentic experiences becomes invaluable. We not only offer comfort and security but also provide endless advantages, from customizing itineraries to support unforeseen situations.

We will explore the reasons why choosing spring break deals can be the key to enjoying each adventure to the fullest, guaranteeing us an unforgettable and worry-free experience.

Experience and knowledge

One of the main advantages of our best spring break deals is that we have experience and knowledge in the industry. We know popular destinations, best routes, accommodation options, and tourist activities. This means we can offer you recommendations and advice based on their experience, helping you plan a more complete and satisfying trip.

Saving time and effort

Spring break deals can save you time and effort. By trusting us, we will take care of organizing all the details of the trip for you. In addition, we will work based on your tastes, preferences, and needs, ensuring that the trip is personalized and satisfactory for you.

Knowledge and Access to offers and discounts 

Making the most of our best spring break deals provides knowledge and access to offers and discounts. It is evident that the main promotional campaigns are launched through the media to reach the general public. However, you have access to and knowledge of last-minute promotions that are not advertised. 

Assistance and support during the trip

One of the advantages of seeking spring break deals is that you will receive assistance and support throughout your trip through a team of collaborators. If any problems or setbacks arise, such as flight cancellations or plan changes, you can count on the help to resolve them quickly and efficiently. In addition, we offer active customer service, giving you peace of mind and security during your travel experience.

Local knowledge

We have local contacts and collaborators in the destinations. This means we can provide information and advice on local culture, customs, the best places to visit, and restaurant recommendations. Access to this local knowledge can enrich your travel experience and allow you to immerse yourself more in the culture and lifestyle of the place you visit.

Organizing activities and excursions with guarantees

If you want to do specific activities or excursions during your trip, with our best spring break deals, we can help you organize them. We book tickets for popular tourist attractions, guided tours, and plan activities tailored to your interests and preferences. This will allow you to make the most of your travel time and ensure that you don’t miss out on any important experiences and that you don’t fall into the clutches of profiteers who want to rip you off.

Safety and peace of mind

Traveling with us also gives you safety and peace of mind. We are registered and regulated. This gives you protection and guarantees that you are dealing with a reliable and professional company. In addition, travel insurance protects you in case of medical emergencies or other setbacks.

Coverage for unforeseen events

In the past circumstances and in the event of a change of scenario, such as confinement, we offer coverage and assistance in case repatriation is necessary.

Your spring break with GO BLUE TOURS!

Discover the spring breaks in complete freedom thanks to our best spring break deals! Discover at your own pace. Among our selection of trips, you will find itineraries developed by our specialists, which you can book as they are offered or adapt according to your wishes on the advice of our experts. 

Travel the picturesque roads or set off to conquer the secret route. Visit the Highlands and discover the extraordinary landscapes of these lands adorned with numerous castles and a history made of legends!

The formula is simple  

pre-established programs designed to allow you to see everything by covering a reasonable distance each day with hotels planned at each stage. Our advisors can also select suitable excursions with you to enhance your trip daily.

Media Contact

Company Name: Go Blue Tours

Contact Person: Gerardo

Email: tours@gobluetours.com

Phone: 18552246258

Address: 200 Broadway

City: Lynnfield

State: Massachusetts

Country: United States

Website: https://gobluetours.com

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

School Trips To Washington, DC, with Landmark Educational Tours

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School trips to Washington, DC, by Landmark Educational Tours are not just about fun and games; they’re also a unique educational opportunity. Students can visit historical landmarks, museums, and government institutions, gaining a deeper understanding of American history and politics. 

Washington, DC, tours for students offer hands-on learning experiences that can significantly enhance their academic knowledge and critical thinking skills. We must not forget that human beings are social beings, so school trips to Washington, DC, tend towards interaction and coexistence with others.

Why Washington, DC tours for students 

Traveling is a very rewarding experience with your classmates. When organizing school trips to Washington, DC, many questions arise regarding the destination, accommodation, financing…etc. One of these questions is whether we want to travel in a group. Of course, the experience of traveling alone is very different from traveling in a school group, and we will analyze the benefits of school trips to Washington, DC.

Company

during school trips to Washington, DC, surrounding yourself with companions will make it very difficult for you not to feel accompanied at all times and will allow you to share good times and experiences with them. When you travel with students who share the same enthusiasm, you will not have time to get bored because when one person is short of ideas, there will always be someone else who comes up with a good plan.

There will always be someone there when you feel like having a conversation, perhaps while you are queuing to enter a museum or ride an attraction, turning all those moments that can be tedious into more enjoyable ones. And when the day is over, it is great to be able to share impressions and chat about the experiences you have had. You will also be able to expand your circle of friends and form stronger bonds of friendship with your companions.

Fun

Our school trips to Washington, DC, are a guarantee of fun. It’s a non-stop party with games and laughter, making every moment a cherished memory. Exploring new places with friends is also different, and it is usually much more enjoyable, especially if you share hobbies or interests with them.

There is usually more atmosphere and parties are more fun when more people are in the company. In addition, on an end-of-year trip, everything is usually organized in advance, so you only have to worry about enjoying yourself.

Savings

Washington, DC, tours for students are not just about companionship; they’re also a smart financial decision. The total cost of a trip is considerably reduced when it is done in a group. You can save a lot of money by taking advantage of group discounts at tourist and cultural sites, on transport passes, sharing a taxi, or dividing the travel costs between more people.

Tickets for shows, excursions, guides, restaurants… group trips save money. In addition, booking a group trip is usually cheaper than booking it individually.

Security

Washington, DC tours for students provide a sense of security and safety. Students’ vulnerability is significantly reduced, as there is always strength in numbers. Many potential thefts and mishaps are avoided when a group of people looks out for each other, providing a reassuring sense of security.

The trip also provides the added security of having everything planned and foreseen in advance: travel insurance, accommodation, visits, transfers… etc. Our team at Landmark Educational Tours prioritizes student safety and takes all necessary precautions to ensure a secure and enjoyable trip.

Initiative

Sometimes, we don’t dare to undertake a trip on our own, and being able to do it with classmates is an incentive that gives us that bit of courage we need. Whether through lack of courage or laziness, we can miss out on an unforgettable experience that we would otherwise not have had if it were not for the fact that we did it with more people.

Some popular attractions for student tours in Washington DC include the following: 

  • The Smithsonian Museums
  • The White House
  • The United States Capitol
  • The National Archives
  • The National Mall
  • The National Museum of African American History and Culture
  • The Newseum

Our Washington, DC tours for students are an initiative. The solution is to take a group trip, which provides confidence to those who are less adventurous. 

Media Contact

Company Name: Landmark Educational Tours

Contact Person: Gerardo

Email: hello@landmarkedutours.com

Phone: (888) 886-2781

Address: 1 Central Street, Suite 205

City: Middleton

State: MA

Country: United States

Website: https://landmarkeducationaltours.com/

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

School Trips To Washington, DC, with Landmark Educational Tours

Published

on

School trips to Washington, DC, by Landmark Educational Tours are not just about fun and games; they’re also a unique educational opportunity. Students can visit historical landmarks, museums, and government institutions, gaining a deeper understanding of American history and politics. 

Washington, DC, tours for students offer hands-on learning experiences that can significantly enhance their academic knowledge and critical thinking skills. We must not forget that human beings are social beings, so school trips to Washington, DC, tend towards interaction and coexistence with others.

Why Washington, DC tours for students 

Traveling is a very rewarding experience with your classmates. When organizing school trips to Washington, DC, many questions arise regarding the destination, accommodation, financing…etc. One of these questions is whether we want to travel in a group. Of course, the experience of traveling alone is very different from traveling in a school group, and we will analyze the benefits of school trips to Washington, DC.

Company

during school trips to Washington, DC, surrounding yourself with companions will make it very difficult for you not to feel accompanied at all times and will allow you to share good times and experiences with them. When you travel with students who share the same enthusiasm, you will not have time to get bored because when one person is short of ideas, there will always be someone else who comes up with a good plan.

There will always be someone there when you feel like having a conversation, perhaps while you are queuing to enter a museum or ride an attraction, turning all those moments that can be tedious into more enjoyable ones. And when the day is over, it is great to be able to share impressions and chat about the experiences you have had. You will also be able to expand your circle of friends and form stronger bonds of friendship with your companions.

Fun

Our school trips to Washington, DC, are a guarantee of fun. It’s a non-stop party with games and laughter, making every moment a cherished memory. Exploring new places with friends is also different, and it is usually much more enjoyable, especially if you share hobbies or interests with them.

There is usually more atmosphere and parties are more fun when more people are in the company. In addition, on an end-of-year trip, everything is usually organized in advance, so you only have to worry about enjoying yourself.

Savings

Washington, DC, tours for students are not just about companionship; they’re also a smart financial decision. The total cost of a trip is considerably reduced when it is done in a group. You can save a lot of money by taking advantage of group discounts at tourist and cultural sites, on transport passes, sharing a taxi, or dividing the travel costs between more people.

Tickets for shows, excursions, guides, restaurants… group trips save money. In addition, booking a group trip is usually cheaper than booking it individually.

Security

Washington, DC tours for students provide a sense of security and safety. Students’ vulnerability is significantly reduced, as there is always strength in numbers. Many potential thefts and mishaps are avoided when a group of people looks out for each other, providing a reassuring sense of security.

The trip also provides the added security of having everything planned and foreseen in advance: travel insurance, accommodation, visits, transfers… etc. Our team at Landmark Educational Tours prioritizes student safety and takes all necessary precautions to ensure a secure and enjoyable trip.

Initiative

Sometimes, we don’t dare to undertake a trip on our own, and being able to do it with classmates is an incentive that gives us that bit of courage we need. Whether through lack of courage or laziness, we can miss out on an unforgettable experience that we would otherwise not have had if it were not for the fact that we did it with more people.

Some popular attractions for student tours in Washington DC include the following: 

  • The Smithsonian Museums
  • The White House
  • The United States Capitol
  • The National Archives
  • The National Mall
  • The National Museum of African American History and Culture
  • The Newseum

Our Washington, DC tours for students are an initiative. The solution is to take a group trip, which provides confidence to those who are less adventurous. 

Media Contact

Company Name: Landmark Educational Tours

Contact Person: Gerardo

Email: hello@landmarkedutours.com

Phone: (888) 886-2781

Address: 1 Central Street, Suite 205

City: Middleton

State: MA

Country: United States

Website: https://landmarkeducationaltours.com/

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

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