Cavalla Resources is a privately owned, junior iron ore company that has been actively engaged in the exploration and development of iron ore projects in the highly prospective, underexplored areas of Liberia, West Africa, since 2007.
In October 2015 Cavalla Resources acquired all of BHP Billiton’s iron ore interests in Liberia giving the company the scale and capability to be a significant, low-cost, and sustainable producer in West Africa.
The company’s principal project, Goe Fantro, is wholly-owned and located 70km from the port of Buchanan. The project, expected to come into production in 2018, is under an existing Mineral Development Agreement (“MDA”) with the Government of Liberia.
Cavalla Resources’ model is to be a sustainable producer through developing only projects that meet the following strict criteria;
2007 – Commencement in Liberia
2009 – Acquired mining licenses
2014 – Completed Buchanan Definitive Feasibility Study
2015 – Acquisition of BHP Billiton’s entire iron ore interests in Liberia
Cavalla holds three Class B Mining Licenses as part of the Buchanan Iron Ore Tailings Project, located at the Port of Buchanan. The company also holds several exploration projects, namely; Goe Fantro, Kitoma, St John River South, and Toto Range, as well as the right of first refusal over three additional exploration areas, all held under an existing Mineral Development Agreement with the Government of Liberia.
Cavalla also acquired a further exploration license, Kitoma II, from BHP Billiton. The Kitoma and Kitoma II licenses are contiguous with Cavalla’s Nimba South exploration license. The defined iron ore resources for the projects acquired from BHP Billiton comprise 1.9 Bt of JORC-compliant resource, including approximately 132 Mt of Direct Shipping Ore at 57% Fe.