Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Zimbabwe bans export of Chromite

Zimbabwe has stopped exports of chromite ore, to direct all production to smelters. They want to export only ferrochrome, not unrefined ore.

There is going to be a big demand for lumpy ore & pellets to supply smelters elsewhere - renewed/heightened interest in our ore is very probable. Go Zimbabwe!

Certainly the price is going up, the economics of mining in the ROF are looking bettter & better, and end users are looking for alternative supplies. Likely there will be room/demand enough to open more than just a single mine in the area. Could be, for example, a mine operation on Big Daddy supplying direct shipped ore and another mine at Black Thor to supply CLFs smelter.

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