Background

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Project Overview

The Panda Hill Project (Figure 1) is located in the Mbeya District in south-western Tanzania, approximately 650km west of the capital Dar es Salaam. The industrial city of Mbeya is situated only 26km from the project area and has a population of approximately 280,000 people. The Project is unique in that it is located close to highly developed surrounding infrastructure including the TAZARA Rail line (2km away), the Dar es Salaam – Tunduma Highway (5km away), the Songwe Airport (8km away) as well as the major power infrastructure located in Mbeya.

Tanzania itself is a stable democracy with a well-established mining industry.

Figure 1 – Panda Hill Project Location

Figure 1 – Panda Hill Project Location

 

The Panda Hill Niobium Project is located on three Mining Licences (ML237/2006, 238/2006 and 239/2006) granted on 16 November 2006 and covering a total area of approximately 22.1 km2. Title of these licences have been transferred to Panda Hill Tanzania Limited (“PHT”) and subsequently extended for a further 10 years to 16 November 2026.

Cradle Resources Ltd

Cradle Resources Ltd.