About Masama

The size and location of this shallow Resource supports its competitive cost structure, which is underpinned by cost-effective opencast mining of high-quality coal. The Resource is near to existing rail, road and water infrastructure, and has significant distance advantages over some existing coal suppliers to regional markets. The mine further holds large tonnages of export quality coal, ideally suited for export to Africa and also India, Asia and China should the economics be attractive for thermal seaborne coal.

The coal mine is located on the southwestern edge of the Mmamabula Coalfield in southern Botswana, 60km northeast of Gaborone.

Minergy’s wholly owned subsidiary Minergy Coal holds the Mining Licence (ML 2018/9L) where a 376 MT Coal Resource [Competent Persons Report available here. Please note that the full Competent Persons Report 2022 will be placed on the website by 31 December 2022.] has been independently delineated in the Mining Licence area. The Mining Licence was granted on 27 August 2018, for a period of 25 years. Minergy Coal also holds an adjacent 352km2 Prospecting Licence for Coal and Coal-Bed Methane.

High quality 376 Mt Coal Resource (A and E Seams West Block)

Potential of additional coal resources with further exploration

Shallow: Sub-crop ~20m to 130m max

Gently dipping coal seams (0.5-3.5°)

Simple Structure (very few faults, no dolerite)

Thick coal seams – up to 6m

Life of mine – approximately 100 years