Since their granting, the 3 prospecting mining permits (PR) held by Thaurfin Ltd have been spoliated by non-existent permits granted to Dan Gertler This map of the mining permit portal in the DRC was copied on April 23, 2022 On February 24, 2022, Ventora Corporation representing the interests of Dan Gertler abandoned these 36PRs pursuant to this Memorandum of Understanding dated the 24th of February 2022 The mining registry has acknowledged its fault for not having issued the prospecting certificates for these 3PR which has put them in a situation of force majeure since their granting in February 2006. The   mining   registry   acknowledges   that these 3PRs were issued in full compliance with mining legislation and have never ceased to be valid.

General Information General information on the development of the research permits (3PR) is available here . The presence of gold is crucial as it allows us to obtain long-term exploitation permits. Project Importance ( cf memo ) The 3PR cover the Banalia gold and iron deposit and are under force majeure since their issuance. They benefit from the 2002 mining code ; under the 2008 code, such a deposit can only be allocated through a tender process. Logistics is often the cornerstone of the development of iron ore deposits. Being close to the Congo River, river transport is essential; the ore goes down the river. Thaurfin is developing energy-efficient, secure and seamless river transport, specially adapted to the river. As   this   file   shows, the Banalia deposit is much more interesting to develop than that of Simandou, on the one hand because the export infrastructure contributes to the development of the country, but also thanks to its hydroelectric potential allowing it to produce steel without CO2 emission as documented in the memo . The history of these 3PR Their applications were submitted on a free surface a few days after the opening of the mining cadastre following the implementation of the 2002 mining code and the 2003 mining regulations. There is then no risk of a tumultuous history. The spoliation of the 3PR by an unfortunate intervention of the Congolese authorities, who granted non-existent permits to Dan Gertler, allowed them to be preserved since they remained valid and in force majeure. Solidarity between the company JEKA sarl and Thaurfin ltd Since these two companies are defending the same case, they have joined forces to ensure that the validity of the 37PRs and their force majeure status since they were granted are recognised. File documentation In order to avoid any misinformation, the facts are documented in French on this page . Thaurfin ltd Thaurfin Ltd. was created in July 2012 to be a partner in a real estate project brought by its two shareholders who were   forced   to leave   it . This company was inactive until the 3PRs   were   transferred to it on February 15, 2018. The shareholding has remained unchanged since its creation as shown in these documents . Investor As long as an investor has not committed to developing these 3PRs, it is preferable that the force majeure situation due to the default in issuing research certificates continues since the 3PR validity counter remains at zero.