Press Release
MEYA MINE P.E.A. SPARKS BRIGHT FUTURE FOR TRUSTCO’S MINING PORTFOLIO
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.
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.
Press Release
IKAR Holdings Leads Global Mpox Pandemic Preparedness Initiative in Collaboration with Unify Platform AG and Safely2Prosperity
United Kingdom, 16th Sep 2024, Grand Newswire – IKAR Holdings a British conglomerate, in partnership with Unify Platform AG, Safely2Prosperity, and Bluestain Global has announced the launch of a comprehensive Pandemic Preparedness Initiative focused on Mpox (formerly known as Monkeypox). This groundbreaking initiative aims to bolster global efforts to detect, prevent, and manage Mpox outbreaks, especially in regions with limited resources.
The initiative is designed to deliver cutting-edge tools and solutions that governments, healthcare organizations, and public health officials can use to strengthen pandemic response systems. The program brings together innovative technologies in detection, prevention, and real-time infectious disease management, developed collaboratively by the partners.
Key Components of the Pandemic Preparedness Initiative:
1. Detection: BlueStain Global’s BlueStain Mpox Test, a state-of-the-art diagnostic tool, will be the backbone of the detection strategy. This test offers rapid, accurate detection of the Mpox virus, enabling timely intervention in outbreak scenarios. It will be rolled out initially to governments and organizations across Africa, where the need for pandemic preparedness is critical.
2. Prevention: The initiative will utilize Applied Carbon (AC) Drink, provided by Chemiteras in partnership with Unify Platform AG. This preventive measure is designed to reduce the risk of infection and support overall health during potential outbreaks.
3. Treatment: Applied Carbon Preparation (AAC), an advanced treatment candidate, will form a key part of the program’s response framework, ensuring that both prevention and treatment components are accessible where needed.
4. Management: Central to the program is the Virus Vigilant SaaS, a sophisticated infectious disease management system jointly developed by IKAR, Unify Platform AG, and Safely2Prosperity. This real-time platform allows for seamless coordination, monitoring, and rapid response during outbreaks, ensuring timely containment and management of infections.
Partner Contributions:
IKAR HOLDINGS: IKAR, headquartered in London, will lead efforts in coordinating with several African governments to ensure that these regions have access to the necessary infrastructure for pandemic preparedness. IKAR’s role includes facilitating the adoption of the initiative’s detection, prevention, and treatment components across affiliated regions. Their goal is to ensure that the mistakes of the Covid-19 pandemic are not repeated, and that African nations are better equipped to handle future outbreaks.
Unify Platform AG: Based in Switzerland, Unify Platform AG will be responsible for the technological backbone of the initiative, particularly the development of the infectious management SaaS. Their expertise in real-time data management and infectious disease response will enable governments to react swiftly to Mpox and other infectious diseases.
Safely2Prosperity: Safely2Prosperity will play a crucial role in the deployment of the Virus Vigilant SaaS, ensuring that the system operates smoothly across all regions. Their collaboration with IKAR and Unify Platform AG will result in a seamless infectious disease management system that can be used for current and future pandemics.
A Unified Vision for Global Health Preparedness:
This partnership is a testament to the shared commitment between IKAR, Unify, Safely2Prosperity, and Bluestain to protect global public health and strengthen pandemic preparedness, particularly in vulnerable regions. The initiative is expected to serve as a model for future pandemic preparedness programs, demonstrating the importance of international cooperation, technological innovation, and proactive health measures.
Mario Diel, Chairman and Founder of IKAR HOLDINGS, stated:
“Our mission is to ensure that the lessons learned from the Covid-19 pandemic are implemented on a global scale. By working closely with governments, especially in Africa, we can build resilient systems that integrate prevention, detection, and treatment for Mpox and other infectious diseases.”
Tokinori Terada, CEO of Unify Platform AG, added:
“Our infectious management SaaS will give governments and healthcare providers the ability to monitor and respond to outbreaks in real-time. This capability is essential for preventing the spread of diseases and saving lives.”
Taka Karita, Co-Founder and COO of Unify Platform AG, emphasized:
“Combining advanced technology and international collaboration, this initiative will strengthen Mpox preparedness in Africa and beyond. We’re committed to providing the tools needed for governments to act quickly, preventing future outbreaks from becoming global health crises.”
Hon. John Norris Founder of Safely2Prosperity, remarked:
“The Virus Vigilant system will revolutionize the way infectious diseases are managed globally. By providing real-time insights and coordinating response efforts, we can help prevent Mpox outbreaks from escalating into widespread health crises.”
Prof. Fernando Ferreira, Chairman and Co-Founder of BlueStain Global, emphasized:
“This partnership represents a significant step forward in pandemic preparedness. By integrating our BlueStain Mpox Test into a broader program, we can help ensure that governments and organizations are better prepared to tackle future pandemics swiftly and effectively.”
About IKAR HOLDINGS:
IKAR is a leading entrepreneurial group of companies that focuses on strategic initiatives in pandemic preparedness, particularly in Africa. By working with governments, IKAR facilitates the rapid implementation of pandemic response systems.
About Unify Platform AG:
Unify Platform AG, headquartered in Switzerland, is a technology-driven company specializing in infectious disease management. Their SaaS platforms enable real-time response to pandemics, providing governments with the tools needed to manage outbreaks effectively.
About Safely2Prosperity:
Safely2Prosperity is an organization focused on infectious disease management systems. Their collaboration on the Virus Vigilant SaaS is central to ensuring the seamless coordination and management of pandemic preparedness programs globally.
About BlueStain Global:
BlueStain Global is a British-Portuguese biotechnology company specializing in innovative solutions for infectious disease detection and pandemic preparedness. Their flagship product, the BlueStain Mpox Test, is a leading diagnostic tool in the fight against Mpox and other infectious diseases.
Media Contact
Organization: IKAR HOLDINGS
Contact Person: Michael Bert
Email:
press@ikarholdings.com
Address:17 Savile Row, London W1S 3PN
City: LONDON
State: MAYFAIR
Country:United Kingdom
The post IKAR Holdings Leads Global Mpox Pandemic Preparedness Initiative in Collaboration with Unify Platform AG and Safely2Prosperity appeared first on
Grand Newswire.
It is provided by a third-party content
provider. Grand Newswire makes no
warranties or representations in connection with it.
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.
Saudi Arabia, 15th Sep 2024, Grand Newswire – News Shop Expands Its Focus on Marketing Tech Companies with a Proven Plan to Increase Cases
News Shop is enhancing its position in the digital marketing landscape by expanding its focus on marketing tech and technology companies. Through a proven, well-developed plan, News Shop, via its agency “Smart Media,” which specializes in website design, digital marketing, and social media services in Dammam, offers innovative solutions to support the sustainable growth of websites and social media accounts.
News Shop relies on a targeted marketing strategy that combines advanced SEO optimization, content marketing, professional website design, and robust social media account management. This strategy aims to attract potential customers and convert them into actual cases.
Khaled Alrawaeli stated, “Our goal is to equip companies and websites with the tools and strategies they need to stand out in a crowded market. We are confident that our proven plan will deliver measurable results, helping businesses increase the number of cases they handle while building a strong and reputable online presence.”
As part of this expansion, News Shop, through its tech site “Smart Media,” is offering a free initial consultation to assess current digital marketing efforts and identify areas for improvement.
About News Shop Agency is the operator of Smart Media and TOP shop and Sweet Cake website
For more information about News Shop services, please visit our website.nwes shop Or the owner’s Instagram account @smart7line
Media Contact
Organization: News shop
Contact Person: News shop
Website:
https://Smart7line.net
Email:
News@smart7line.net
Address:News shop
Address 2: News shop
City: Khobar
Country:Saudi Arabia
The post News Shop operates Smart Media Technology, technology and social media services appeared first on
Grand Newswire.
It is provided by a third-party content
provider. Grand Newswire makes no
warranties or representations in connection with it.
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.
Press Release
IKAR Holdings Leads Global Mpox Pandemic Preparedness Initiative in Collaboration with Unify Platform AG and Safely2Prosperity
United Kingdom, 16th Sep 2024, Grand Newswire – IKAR Holdings a British conglomerate, in partnership with Unify Platform AG, Safely2Prosperity, and Bluestain Global has announced the launch of a comprehensive Pandemic Preparedness Initiative focused on Mpox (formerly known as Monkeypox). This groundbreaking initiative aims to bolster global efforts to detect, prevent, and manage Mpox outbreaks, especially in regions with limited resources.
The initiative is designed to deliver cutting-edge tools and solutions that governments, healthcare organizations, and public health officials can use to strengthen pandemic response systems. The program brings together innovative technologies in detection, prevention, and real-time infectious disease management, developed collaboratively by the partners.
Key Components of the Pandemic Preparedness Initiative:
1. Detection: BlueStain Global’s BlueStain Mpox Test, a state-of-the-art diagnostic tool, will be the backbone of the detection strategy. This test offers rapid, accurate detection of the Mpox virus, enabling timely intervention in outbreak scenarios. It will be rolled out initially to governments and organizations across Africa, where the need for pandemic preparedness is critical.
2. Prevention: The initiative will utilize Applied Carbon (AC) Drink, provided by Chemiteras in partnership with Unify Platform AG. This preventive measure is designed to reduce the risk of infection and support overall health during potential outbreaks.
3. Treatment: Applied Carbon Preparation (AAC), an advanced treatment candidate, will form a key part of the program’s response framework, ensuring that both prevention and treatment components are accessible where needed.
4. Management: Central to the program is the Virus Vigilant SaaS, a sophisticated infectious disease management system jointly developed by IKAR, Unify Platform AG, and Safely2Prosperity. This real-time platform allows for seamless coordination, monitoring, and rapid response during outbreaks, ensuring timely containment and management of infections.
Partner Contributions:
IKAR HOLDINGS: IKAR, headquartered in London, will lead efforts in coordinating with several African governments to ensure that these regions have access to the necessary infrastructure for pandemic preparedness. IKAR’s role includes facilitating the adoption of the initiative’s detection, prevention, and treatment components across affiliated regions. Their goal is to ensure that the mistakes of the Covid-19 pandemic are not repeated, and that African nations are better equipped to handle future outbreaks.
Unify Platform AG: Based in Switzerland, Unify Platform AG will be responsible for the technological backbone of the initiative, particularly the development of the infectious management SaaS. Their expertise in real-time data management and infectious disease response will enable governments to react swiftly to Mpox and other infectious diseases.
Safely2Prosperity: Safely2Prosperity will play a crucial role in the deployment of the Virus Vigilant SaaS, ensuring that the system operates smoothly across all regions. Their collaboration with IKAR and Unify Platform AG will result in a seamless infectious disease management system that can be used for current and future pandemics.
A Unified Vision for Global Health Preparedness:
This partnership is a testament to the shared commitment between IKAR, Unify, Safely2Prosperity, and Bluestain to protect global public health and strengthen pandemic preparedness, particularly in vulnerable regions. The initiative is expected to serve as a model for future pandemic preparedness programs, demonstrating the importance of international cooperation, technological innovation, and proactive health measures.
Mario Diel, Chairman and Founder of IKAR HOLDINGS, stated:
“Our mission is to ensure that the lessons learned from the Covid-19 pandemic are implemented on a global scale. By working closely with governments, especially in Africa, we can build resilient systems that integrate prevention, detection, and treatment for Mpox and other infectious diseases.”
Tokinori Terada, CEO of Unify Platform AG, added:
“Our infectious management SaaS will give governments and healthcare providers the ability to monitor and respond to outbreaks in real-time. This capability is essential for preventing the spread of diseases and saving lives.”
Taka Karita, Co-Founder and COO of Unify Platform AG, emphasized:
“Combining advanced technology and international collaboration, this initiative will strengthen Mpox preparedness in Africa and beyond. We’re committed to providing the tools needed for governments to act quickly, preventing future outbreaks from becoming global health crises.”
Hon. John Norris Founder of Safely2Prosperity, remarked:
“The Virus Vigilant system will revolutionize the way infectious diseases are managed globally. By providing real-time insights and coordinating response efforts, we can help prevent Mpox outbreaks from escalating into widespread health crises.”
Prof. Fernando Ferreira, Chairman and Co-Founder of BlueStain Global, emphasized:
“This partnership represents a significant step forward in pandemic preparedness. By integrating our BlueStain Mpox Test into a broader program, we can help ensure that governments and organizations are better prepared to tackle future pandemics swiftly and effectively.”
About IKAR HOLDINGS:
IKAR is a leading entrepreneurial group of companies that focuses on strategic initiatives in pandemic preparedness, particularly in Africa. By working with governments, IKAR facilitates the rapid implementation of pandemic response systems.
About Unify Platform AG:
Unify Platform AG, headquartered in Switzerland, is a technology-driven company specializing in infectious disease management. Their SaaS platforms enable real-time response to pandemics, providing governments with the tools needed to manage outbreaks effectively.
About Safely2Prosperity:
Safely2Prosperity is an organization focused on infectious disease management systems. Their collaboration on the Virus Vigilant SaaS is central to ensuring the seamless coordination and management of pandemic preparedness programs globally.
About BlueStain Global:
BlueStain Global is a British-Portuguese biotechnology company specializing in innovative solutions for infectious disease detection and pandemic preparedness. Their flagship product, the BlueStain Mpox Test, is a leading diagnostic tool in the fight against Mpox and other infectious diseases.
Media Contact
Organization: IKAR HOLDINGS
Contact Person: Michael Bert
Email:
press@ikarholdings.com
Address:17 Savile Row, London W1S 3PN
City: LONDON
State: MAYFAIR
Country:United Kingdom
The post IKAR Holdings Leads Global Mpox Pandemic Preparedness Initiative in Collaboration with Unify Platform AG and Safely2Prosperity appeared first on
Grand Newswire.
It is provided by a third-party content
provider. Grand Newswire makes no
warranties or representations in connection with it.
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.
IKAR Holdings Leads Global Mpox Pandemic Preparedness Initiative in Collaboration with Unify Platform AG and Safely2Prosperity
News Shop operates Smart Media Technology, technology and social media services
IKAR Holdings Leads Global Mpox Pandemic Preparedness Initiative in Collaboration with Unify Platform AG and Safely2Prosperity
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