EAM Company Overview
East Africa Metals (EAM) is a Vancouver-based company listed on the TSX Venture Exchange. The company is uniquely positioned as an exploration company with a pathway to cash flow and self-funding. Through a focus on mineral exploration and development in Africa, EAM has established a track record for value creation thorough discovery and exploration success.
East Africa Metals has also been recognized by Tanzanian Presidential Citation and letters of commendation from a leading exploration company for its mandated corporate social responsibility to contribute to the needs of their local communities by advancing reforestation and educating women.
The company’s combined resources of 1,636,000 au oz. indicated and 1,269,000 au oz. inferred (resource details here) of gold and gold-enriched polymetallic deposits are included in three Ethiopian mining licences and one Tanzanian mining license.
East Africa Metals’ shares trade on the TSX Venture Exchange under the symbol EAM.
EAM Ethiopian Project Highlights
Three Ethiopian projects located 600 kms. north / north-west of the capital Addis Ababa, and include:
- Current combined gold deposits with 915,000 oz. indicated and 977,000 oz. inferred (resource details here)
- EAM has been granted one Mining License for Harvest and two mining licenses for Adyabo – the Mato Bula and Da Tambuk deposits
- The Harvest Property – 70%-owned Harvest polymetallic VMS exploration property, which includes the Terakimti Gold Heap Leach Project which has received positive PEA results
- The Adyabo Property – the Mato Bula Gold Copper Project and Da Tambuk Gold Project will provide a 30% net profits Interest for EAM
- Effective August 2019, Tibet Huayu Mining Co. Ltd. will conduct the development and operation of the Mato Bula and Da Tambuk deposits covering the construction capital costs of US$54-million and US$34-million.
EAM Tanzanian Project Highlights
The significant Tanzanian project includes the Handeni property is located 160 km northwest of Dar es Salaam and only 110 km west-southwest of the port city of Tanga:
- EAM owns 100% of the 93 km2 Handeni Property, which is located in north-eastern Tanzania
- The Magambazi Project – gold deposit discovered in 2009 with 721,300 oz. indicated and 292,400 oz. inferred (resource details here)
- Two prospecting licences with considerable additional potential covering 83.5 km2
- Two mining licences totalling 9.9 km2
- The property is accessible through a network of public roadways and includes access to good infrastructure
While East Africa Metals Inc. (“East Africa Metals”) has taken all reasonable care to ensure the accuracy of the information on this web site, we shall not be held responsible for any eventualities arising from the use of this information. Visitors to this web site are advised to seek independent financial advice prior to making investment decisions. The information on this web site may be downloaded for personal use, but may not be reproduced or modified without East Africa Metals’s permission.
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East Africa Metals will take reasonable precautions to prevent the loss, misuse or alteration of the information you provide. Any contractors, agents or representatives of East Africa Metals who are required to have access to this information in the course of providing services to East Africa Metals are required to keep that information confidential.
Cautionary Statement Regarding Forward-Looking Information
This website contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “forecast”, “project”, “budget”, “schedule”, “may”, “will”, “could”, “might”, “should” or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by East Africa as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of East Africa to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the ability of East Africa to repay loan and interest; availability of capital; accuracy of East Africa’s projections and estimates, including the mineral resources for the Adyabo, Harvest, and Magambazi Projects; interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; foreign taxation risks; environmental risks; insurance risks capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; the speculative nature of strategic metal exploration and development including the risks of diminishing quantities of grades of reserves; contests over title to properties; and changes in project parameters as plans continue to be refined, as well as those risk factors set out in East Africa’s management’s discussion and analysis for the year end December 31, 2016, management’s discussion and analysis for the three and nine months ended September 30, 2017 and East Africa’s listing application dated July 8, 2013.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the timely closing of the financing; the timely closing of the Handeni Property definitive agreement; the ability of the Company to repay the loan by the required date; the regulatory framework and such other assumptions and factors as set out herein. Although East Africa has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company does not update or revise forward looking information even if new information becomes available unless legislation requires the Company do so. Accordingly, readers should not place undue reliance on forward-looking information contained herein, except in accordance with applicable securities laws.