The Sakania licence is a large licence area totalling 140km². It is not in a traditional mining area, but is currently being targeted by artisanal miners who very frequently provide the first evidence of mineralisation.
Sakania represents a very low cost option to be a first mover in a new prospective area. There is a "land-grab" underway with consequent high entry cost in established mining areas.
ABM holds an exclusive option to acquire 70% of Sakania subject to final confirmatory due diligence.