Administrative situation 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 surface of the Republic is discretized into mining squares which are quadrilaterals whose vertices are 30 arc seconds apart in latitude and longitude (approximately 86 ha) (cf https://thaurfin.com/carre-minier.pdf ) The surface area of ​​the 3 polygons is 471 squares each, which is the maximum authorized by the mining code. The area of ​​each polygon is 405sqkm and the total area is 1215 sqkm