On the 21st January 2008, Mantle signed a Letter of Intent (LOI) with Provider International on the latter’s 853 km² Hope Concession on the border with Sierra Leone. Preliminary sampling has all ready been completed by Provider and Mantle will arrange for all 628 samples collected to be sent off to MSA’s laboratory in South Africa for analysis in March 2008.
At the end of September 2008, all samples had been analyzed and a large number of kimberlitic ilmenites have been identified, suggesting multiple kimberlite sources within the licence area. The results are currently being evaluated by our technical team and the underlying owners of the licences.
The licence is approximately 2 hours drive from the capital city (Monrovia) and Mantle has the right to earn a 70% beneficial interest in the project.
