Targeting start of construction of the Bon Ami Mine in early-2019
The Bon Ami Project is located in the Boké district of north-western Guinea, approximately 150 km north-northwest of Conakry. The Project lies 10 km south of the provincial town of Boké and situated approximately 20km from the existing railway operated by Compagnies des Bauxites de Guinea SA ("CBG") that runs 21 km southwards towards an existing port facility at Kamsar.
In December’2013, Dynamic secured two exploration licences; the Boke Licence (N°A2013/179/DIGM/CPDM) and the Gaoual Licence (N°A2013/180/DIGM/CPDM). The Gaoual licence was renewed in 2016 for a further 2 years.
With the support of its promoters, Dynamic rapidly advance the projects and in September 2016 the Company submitted an application for an Exploitation Licence at the Boke Project, based on the all the required reports like;
In June 2017, Dynamic successful achieved this major milestone and was granted an Exploitation for its Boke Project, now known as the Bon Ami Project.
The Bon Ami project will produce Direct Shipping Ore (“DSO”), that will be mined by surface miners transported via a dedicated haul road and stockpiled at the river port. From there the ore will be barging to a transhipment station for transfer onto ocean going vessels, typically Panamax and Cape size vessels. Access to existing infrastructure remains subject to future discussion and agreement of suitable commercial terms.
The Company is now focussed on finalising designs and work streams to initiate construction in early 2018. Some of the key activities undertaken to meet this objective and timeline are:
With the supports of its Shareholders and Promoters, the Company remains well funded and on-track to execute its bold and ambitious plan.