TIDMBWAP 
 
Findings of Orientation Mineral Separation Testwork at the Nkoteng 1 Heavy 
Mineral Sands Project, Cameroon 
 
19 July 2023 
 
BWA Group PLC 
 
("BWA", or the "Company") (AQSE: BWAP) 
 
Findings of Orientation Mineral Separation Testwork at the Nkoteng 1 Heavy 
Mineral Sands Project, Cameroon 
 
BWA Group plc [AQSE: BWAP], which has mineral exploration licences in both 
Cameroon and Canada and is quoted on London's AQSE Growth Market, provides an 
update on its recently completed orientation separation testwork, carried out on 
20 low-grade primary samples from the mechanised auger programme, from within 
the Nkoteng 1 Licence, Central Cameroon ("Nkoteng 1" or the "Nkoteng Project"). 
 
Through its subsidiary, BWA Resources Ltd ("BWAR"), BWA currently has five heavy 
mineral sands ("HMS") licences across two project areas in Cameroon, totalling 
1,267 km2, all of which are at an early stage of exploration. The Nkoteng 1 
Licence covers an area of 343 km2 and the contiguous Nkoteng 2 Licence covers an 
area of 500 km2, located 60 km to the northeast of Yaoundé with easy transport 
links to the port of Douala. The Nkoteng Licences cover a significant part of 
the HMS-prospective Sanaga river system. The Dehane 1, 2 and 3 Licences 
("Dehane" or the "Dehane Project") cover an area of 430 km2 comprising part of 
the prospective Nyong river system, estuary, and coastal zone, located 
approximately 166 km to the west of the capital, Yaoundé and 70 km from the deep 
seaport and industrial zone of Kribi. 
 
A version of this announcement including maps and photographs can be viewed on 
the Company's website, http://www.bwagroupplc.com/bwa-announcements.html 
 
BWA is pleased to announce the findings of the preliminary orientation mineral 
separation testwork on selected low-grade samples taken from the closed barrel 
mechanised auger sampling programme on the Nkoteng 1 Project, reported in 
accordance with JORC (2012). The short shallow auger sampling programme 
completed in June 2022 drilled 107 holes for 193.30 metres and 171 primary 
samples (announcement dated 29 June 2022). The programme targeted the central 
sector of the licence where pitting and hand auger sampling (announcement dated 
29 June 2022) identified an area of anomalous Ilmenite, Rutile, Zircon and 
Kyanite alluvial HMS. 
 
The orientation analytical testwork was completed by Dipl. Ing. Uwe Bruder of 
Bruder Consulting Germany and comprised processing of 20 low-grade auger drill 
cores, composited for test work (Table 1) using simple process methods and 
equipment including gravity, sluice, heavy liquid and magnetic separation.  A 
primary objective of the work to determine suitable process design and 
procedures for use in Cameroon, to be used for the next round of exploration 
drilling, planned in H2 2023. This work follows on from the granulometric and 
size fractioning studies on half-cores from the same samples, completed by BWA 
(announcement dated 7 September 2022). 
 
The scope of works entailed: 
 
  · Compositing auger samples into 3 similar unit types (clay, sand, weathered 
clay). 
  · Orientation mineral separation processing and analytical testwork. 
  · Approximate recovery of heavy minerals using simple process equipment. 
  · Proposals for simple methods to determine the preferred analytical method 
for in-country analysis of heavy minerals from drill cores (equipment and test 
procedure). 
 
Highlights and Commentary 
 
Although the samples were low-grade and from areas that BWA consider to be of 
lower prospectivity and priority, the samples have returned positive and 
anomalous results. The testwork methodology and subsequent analytical flowsheet 
was the important aspect and deliverable of the testwork which will lead into 
onsite laboratory design and Standard Operating Procedures. 
 
Test work demonstrated good recovery (>80%) of heavy minerals by simple gravity, 
DMS and magnetic separation within the sand size samples of the material 
provided.  As expected, the sand composite sample contain the greatest quantity 
of HMS. However significant heavy minerals do occur within clay size samples, 
and not unexpectedly these are less easily separated, requiring additional 
sluice processing. 
 
A breakdown of total heavy mineral ("THM") content from the composite samples 
are as follows: 
 
>0.063 mm sample fraction (sand particle size and above): 
 
  · Clay composite sample - 0.35% THM 
  · Sand composite sample - 0.824% THM 
  · Weathering clay composite sample - 0.639% THM 
 
<0.063 mm sample fraction (clay particle size): 
 
  · Clay composite sample - 0.408% THM 
  · Sand composite sample - 1.350% THM 
  · Weathering clay composite sample - 0.245% THM 
 
It should be noted, the highly prospective coarse basal gravels primary target 
unit have not been encountered or tested as part of this study. 
 
Outlook 
 
The Company are processing the orientation testwork results to understand the 
implications. Furthermore, the results will be combined with the size 
fractioning studies completed in September 2022 to identify the relationships 
and add more information to improve the knowledge of the depositional 
characteristics for Nkoteng and associated licences. 
 
This orientation testwork will lead into onsite laboratory design and Standard 
Operating Procedures with work in progress to source suppliers and equipment, in 
preparation for the planned exploration programme. 
 
The THM% content from the samples is encouraging from low-grade areas and is 
reasonable from within the sand size fractions. Furthermore, recovery appears to 
be good from observations by Bruder Consulting from the shaking table and 
sluices, with recoveries indicated around 80%. 
 
James Butterfield, interim Non-executive Chairman of BWA, commented: 
 
"This round of orientation testwork has given BWA a clear process to follow in 
order to set up an in-country laboratory, as well as working towards a set of 
Standard Operating Procedures with which to work within, ensuring accurate and 
reliable analysis.  BWA are also pleased with the early indications of recovery 
using lab-scale methods. More work is required in the future. BWA is excited 
about the positive outcome and is planning further exploration from the Nkoteng 
and Dehane sites". 
 
Summary of Orientation Mineral Separation Testwork 
 
In accordance with JORC (2012) reporting guidelines, a summary of the material 
information used is set out below. For further details, please refer to the JORC 
(2012) Table 1, located in the Appendix to this announcement. 
 
The exploration programme from which the 20 primary samples were selected, 
consisted of 107 holes for 193.30 metres and 171 primary samples, collected 
within the current and paleo Sanaga river floodplain (Figure 2). The holes were 
mechanically drilled using a Van Walt windowless percussion sampling system with 
half core samples split for analysis, with the remaining half core stored in 
bags for reference and duplicate samples as necessary. 
 
The 20 primary samples were composited into three lithological groups: clay, 
sand, and weathering clay which were tested separately, as presented in the 
table below and in Figure 3. The colours denominate the composite, those without 
colours were excluded and deemed outliers to primary lithology types. The test 
steps are outlined below and illustrated in Figure 3: 
 
  · PSD (particle size distribution) work on 100 grams of sample (Table 2). 
  · Crushing down to <6.0mm. 
  · Agitation of each sample in water until the clayey agglomerates had 
dissolved. 
  · Gravity sorting by shaking table (> 0.063 mm fractions) and sluice (< 0063 
mm) (Figure 4 and 5). Although possible to recover below 0.063 mm, it would 
likely not be economic on an industrial scale. 
  · Drying of preconcentrates for dry magnetic separation. 
  · Magnetic separation for magnetic minerals, i.e., ilmenite and non-magnetic 
minerals, i.e., rutile and zirconium 
  · Heavy liquid separation (2.82 g/cm³) of magnetic and non-magnetic separation 
products. 
  · Reporting (Figure 6 and 7 and Table 2). 
 
Geology and Geological Interpretation 
 
The prospective Sanaga river is the main river which runs through the BWA 
Nkoteng 1 and 2 licence area and accommodates approximately 100 km of the river 
floodplain system and associated tributaries, and an even larger paleo 
-floodplain area, observed in satellite imagery, although this has yet to be 
fully ground-truthed through fieldwork. 
 
The geological sequence generally consists of a cover of clays, overlying the 
target deposit layer consisting of sands and gravels, generally laying directly 
on the bedrock. 
 
Surficial geology encountered during the auger programme comprised of 0.2 m of 
surface organic rich soil, alluvial clays and sandy clays ranging from 0 m to 4 
m with an average thickness of approximately 1.3 m thick, and basal sand and 
gravels ranging from 0 m to 3 m thick in places. 
 
The Nkoteng deposit is likely to be a trap placer (native) deposit. The entire 
stratigraphic column of the Sanaga alluvial deposits is considered potentially 
mineralised. 
 
Nkoteng is located within the Yaoundé Domain of the Pan African Belt, a large 
nappe unit that has been thrusted southward onto the Congo Craton and is 
characterised by low-grade to high-grade garnet bearing metamorphosed schists, 
gneiss and orthogneisses. 
 
Implications for Future Exploration 
 
The recovery of heavy minerals in the sampled areas has yielded positive 
results, which is highly encouraging. The mineralisation seems to be continuing 
positively over a distance of 8 km. BWA is satisfied with the grade and extent 
of all the target minerals and is planning to conduct follow-up work in the near 
future across the licence holding. 
 
Competent Person's Statement 
 
The information in this report which relates to exploration results for the 
Nkoteng Project is based upon and fairly represents information collected and 
compiled by Mr Emmanuel Simo, MSc., Senior Geologist and Chief Geologist for 
BWA, who is a Member of the Australian Institute of Geoscientists. 
 
The results were reviewed by Mr J.N. Hogg, MSc. MAIG, Principal Geologist for 
Addison Mining Services (AMS) and Non-executive Director of BWAR. 
 
Mr Simo and Mr Hogg have sufficient experience relevant to the style of 
mineralisation, the type of deposit under consideration and to the activity 
undertaken to qualify as a Competent Person as defined in the JORC Code 2012 
edition of the Australasian Code for Reporting of Exploration Results, Mineral 
Resources and Ore Reserves. 
 
Mr Hogg has reviewed and verified the technical information that forms the basis 
of and has been used in the preparation of this announcement, including all 
sampling and analytical data, and analytical techniques. Mr Hogg consents to the 
inclusion in this announcement of the matters based on the information, in the 
form and context in which it appears. 
 
Forward Looking Statement 
 
This announcement contains forward-looking statements which involve a number of 
risks and uncertainties. These forward-looking statements are expressed in good 
faith and believed to have a reasonable basis. These statements reflect current 
expectations, intentions or strategies regarding the future and assumptions 
based on currently available information. Should one or more of the risks or 
uncertainties materialise, or should underlying assumptions prove incorrect, 
actual results may vary from the expectations, intentions and strategies 
described in this announcement. No obligation is assumed to update forward 
looking statements if these beliefs, opinions and estimates should change or to 
reflect other future developments. 
 
For further information on the Company, please visit 
http://www.bwagroupplc.com/index.html or contact: 
 
BWA Group PLC               +44 (0) 7770 225 253 
 
James Butterfield           enquiries@bwagroupplc.com 
 
Interim Chairman 
Allenby Capital Limited     +44 (0)20 3328 5656 
 
Corporate Adviser 
 
Nick Harriss/Lauren Wright 
 
Glossary of Technical Terms: 
 
+---------+-------------------------------------------------------------------+ 
|"%"      |percent;                                                           | 
+---------+-------------------------------------------------------------------+ 
|Al2O3    |Aluminium Oxide;                                                   | 
+---------+-------------------------------------------------------------------+ 
|"ALS"    |Australian Laboratory Services;                                    | 
+---------+-------------------------------------------------------------------+ 
|"AMS"    |Addison Mining Services;                                           | 
+---------+-------------------------------------------------------------------+ 
|"BRGM"   |Bureau de Recherches Géologiques et Minié                          | 
|         |                                                                   | 
|         |(French Geological Survey);                                        | 
+---------+-------------------------------------------------------------------+ 
|"BWA"    |BWA Group PLC;                                                     | 
+---------+-------------------------------------------------------------------+ 
|"DTM"    |Digital Terrain Model. Computerised topographic model;             | 
+---------+-------------------------------------------------------------------+ 
|"DUP"    |Décret d'Utilité Publique (Public Utility Decree);                 | 
+---------+-------------------------------------------------------------------+ 
|"HMS"    |Heavy Mineral Sands;                                               | 
+---------+-------------------------------------------------------------------+ 
|"km"     |Kilometre;                                                         | 
+---------+-------------------------------------------------------------------+ 
|"TiO2"   |Titanium dioxide, also known as titanium (IV) oxide. Generally     | 
|         |sourced from ilmenite, rutile, and anatase;                        | 
+---------+-------------------------------------------------------------------+ 
|"Zr"     |Zircon or Zirconium;                                               | 
+---------+-------------------------------------------------------------------+ 
|"JORC    |the 2012 edition of the JORC code;                                 | 
|(2012)"  |                                                                   | 
+---------+-------------------------------------------------------------------+ 
|"JORC"   |the Australasian Code for Reporting of Exploration Results, Mineral| 
|         |Resources and Ore Reserves, as published by the Joint Ore Reserves | 
|         |Committee of The Australasian Institute of Mining and Metallurgy,  | 
|         |Australian Institute of Geoscientists and Minerals Council of      | 
|         |Australia;                                                         | 
+---------+-------------------------------------------------------------------+ 
|"m"      |metre;                                                             | 
+---------+-------------------------------------------------------------------+ 
|"ME      |Analysis by Fusion/XRF;                                            | 
|-XRF11bE"|                                                                   | 
|         |                                                                   | 
+---------+-------------------------------------------------------------------+ 
|"QA/QC"  |Quality assurance/quality control.                                 | 
+---------+-------------------------------------------------------------------+ 
|"µm"     |micrometre or micron, unit of length equalling 1×10?6 metre        | 
+---------+-------------------------------------------------------------------+ 
 
Table 1: Sample details. 
 
+-------+----+----+---------+--------------------------------------------------+ 
|Hole ID|From|To  |Sample ID|Lith                                              | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_163|0.10|1.60|26435    |Plastic Clay                                      | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_078|0.00|1.90|26285    |Plastic Clay                                      | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_124|0.10|1.90|26367    |Plastic Clay                                      | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_148|0.10|2.30|26409    |Plastic Clay                                      | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_119|0.65|1.35|26359    |Plastic Clay + Saprolite                          | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_163|1.60|2.60|26436    |Sand                                              | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_078|1.90|4.00|26286    |Sand                                              | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_124|1.90|3.55|26368    |Sand                                              | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_148|2.30|3.30|26410    |Sand                                              | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_119|0.00|0.65|26358    |Sand (Secondary alluvial deposits)                | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_146|0.20|1.00|26407    |Sand (Secondary alluvial deposits)                | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_166|0.00|1.20|26440    |Sand (Weathering Sand)                            | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_140|0.05|0.90|26394    |Weathering Clay                                   | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_121|0.10|0.70|26362    |Weathering Clay                                   | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_085|0.00|0.90|26297    |Weathering Clay                                   | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_159|0.10|1.80|26428    |Weathering Clay                                   | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_166|1.20|2.00|26442    |Weathering Clay + Sand + Gravel + Saprolite       | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_140|0.90|1.40|26395    |Weathering Clay + Saprolite                       | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_121|0.70|1.20|26364    |Weathering Clay +Ferruginous concretion           | 
+-------+----+----+---------+--------------------------------------------------+ 
|NKA_085|0.90|1.40|26298    |Weathering Clay +Ferruginous concretion +Saprolite| 
+-------+----+----+---------+--------------------------------------------------+ 
|       |Composite 1 - Plastic clay                                            | 
+-------+----+----+---------+--------------------------------------------------+ 
|       |Composite 2 - Sand                                                    | 
+-------+----+----+---------+--------------------------------------------------+ 
|       |Composite 3 - Weathering clay                                         | 
+-------+----+----+---------+--------------------------------------------------+ 
 
The table below presents the results of the testwork. Additional work is 
required to understand the implications for continuing exploration, as well 
comparing this mineral separation work to the granulometric work. 
 
Table 2: Results of PSD and analytical results of the THM%. 
 
+-----------------------------+-------------+---------------+-----------------+ 
|Composite                    |Size Fraction|PSD (passing %)|THM%             | 
+-----------------------------+-------------+---------------+-----------------+ 
|dComposite 1 - Plastic clay  |> 0.5 mm     |97.3           |No heavy minerals| 
+-----------------------------+-------------+---------------+-----------------+ 
|0.25 - 0.5 mm                |92.8         |0.04 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
|0.063 - 0025 mm              |74.4         |0.31 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
|< 0.063 mm                   |49.4         |0.41 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
|Total                        |100          |0.76 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
|Composite 2 - Sand           |> 1 mm       |92.4           |No heavy minerals| 
+-----------------------------+-------------+---------------+-----------------+ 
|0.5 - 1 mm                   |81.4         |0.08 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
|0.25 - 0.5 mm                |68.9         |0.20 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
|0.063 - 0025 mm              |41.4         |0.54 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
|< 0.063 mm                   |20.7         |1.35 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
|Total                        |100          |2.17 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
|                             |             |               |                 | 
+-----------------------------+-------------+---------------+-----------------+ 
|Composite 3 - Weathering clay|> 1 mm       |88.9           |No heavy minerals| 
+-----------------------------+-------------+---------------+-----------------+ 
|0.25 - 1 mm                  |68.2         |0.36 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
|0.063 - 0025 mm              |51.5         |0.28 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
|< 0.063 mm                   |33.0         |0.25 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
|Total                        |100          |0.89 m%        | 
+-----------------------------+-------------+---------------+-----------------+ 
 
APPIX: Table 1 (JORC 2012) 
 
Section 1 Sampling Techniques and Data 
 
(Criteria in this section apply to all succeeding sections.) 
 
Criteria          JORC Code          AMS Commentary 
                  explanation 
Sampling 
techniques          · Nature and       · Samples were generated using a 
                  quality of         mechanised windowless soil percussion 
                  sampling (e.g.     machine to a maximum depth of 4.0 m. 
                  cut channels,        · Samples were halved to accommodate 
                  random chips, or   duplicate samples. 
                  specific             · The locations varied between active 
                  specialised        and paleo island and riverbank channels. 
                  industry standard    · The sampling methods are sufficient 
                  measurement tools  for early-stage exploration. 
                  appropriate to       · No handheld XRF instruments were used. 
                  the minerals 
                  under 
                  investigation, 
                  such as down hole 
                  gamma sondes, or 
                  handheld XRF 
                  instruments, 
                  etc). These 
                  examples should 
                  not be taken as 
                  limiting the 
                  broad meaning of 
                  sampling. 
 
  · Include         · Sampling was 
reference to      supervised by the 
measures taken    senior BWA 
to ensure         geologist. 
sample              · Samples are 
representivity    considered 
and the           representative of 
appropriate       the surface and 
calibration of    are sufficient 
any measurement   for early 
tools or          exploration 
systems used      geochemical 
                  surveys. 
 
  · Aspects of      · Crushing down 
the               to <6.0mm 
determination       · Agitation of 
of                each sample in 
mineralisation    water until the 
that are          clayey 
Material to the   agglomerates had 
Public Report.    dissolved. 
                    · Gravity 
                  sorting by 
                  shaking table (> 
                  0.063 mm 
                  fractions) and 
                  sluice (< 0063 
                  mm). 
                    · Drying of 
                  preconcentrates 
                  for dry magnetic 
                  separation. 
                    · Heavy liquid 
                  separation (2.82 
                  g/cm³) of 
                  magnetic 
                  separation 
                  products. 
                    · Reporting. 
 
  · In cases        · 107 holes for 
where `industry   193.30 metres to 
standard' work    a maximum depth 
has been done     of 4.0 m to 
this would be     obtain 171 
relatively        lithologically 
simple (e.g.      controlled 
`reverse          samples of 
circulation       approximately 2 
drilling was      kg each. 
used to obtain      · The sample 
1 m samples       was split in half 
from which 3 kg   and samples were 
was pulverised    generally between 
to produce a 30   50 - 100 cm in 
g charge for      length and 
fire assay').     lithologically 
In other cases    controlled. 
more                · The primary 
explanation may   sample will be 
be required,      sent for analysis 
such as where     and the remaining 
there is coarse   half is stored in 
gold that has     plastic bags 
inherent          under lock and 
sampling          key for duplicate 
problems.         analysis and 
Unusual           future reference. 
commodities or      · Samples have 
mineralisation    not been 
types (e.g.       submitted for 
submarine         heavy mineral 
nodules) may      separation 
warrant           testwork to date. 
disclosure of 
detailed 
information. 
Drilling 
techniques          · Drill type       · Closed barrel (windowless) soil 
                  (e.g. core,        sampling percussion style handheld 
                  reverse            drilling rig was employed to drill the 
                  circulation, open  holes. 
                  -hole hammer,        · The core barrel is 63mm. 
                  rotary air blast, 
                  auger, Bangka, 
                  sonic, etc) and 
                  details (e.g. 
                  core diameter, 
                  triple or 
                  standard tube, 
                  depth of diamond 
                  tails, face 
                  -sampling bit or 
                  other type, 
                  whether core is 
                  oriented and if 
                  so, by what 
                  method, etc). 
Drill sample 
recovery            · Method of        · Core was measured by run length. 
                  recording and        · Recovery review is ongoing. 
                  assessing core 
                  and chip sample 
                  recoveries and 
                  results assessed. 
 
  · Measures        · Specialist 
taken to          core lifters were 
maximise sample   employed, 
recovery and      designed for 
ensure            sands and 
representative    gravels. 
nature of the       · Recovery was 
samples.          reviewed after 
                  each run by the 
                  geologist. 
                    · Holes were re 
                  -drilled when 
                  recovery was 
                  deemed 
                  insufficient. 
                    · Recovery 
                  review is 
                  ongoing. 
 
  · Whether a       · No recovery 
relationship      vs grade work has 
exists between    been completed 
sample recovery   yet. 
and grade and 
whether sample 
bias may have 
occurred due to 
preferential 
loss/gain of 
fine/coarse 
material. 
Logging 
                    · Whether core     · No mineral resources are being 
                  and chip samples   reported. 
                  have been            · However, logging data is sufficient to 
                  geologically and   support input into estimation. 
                  geotechnically       · Recovery review is ongoing. 
                  logged to a level 
                  of detail to 
                  support 
                  appropriate 
                  Mineral Resource 
                  estimation, 
                  mining studies 
                  and metallurgical 
                  studies. 
 
  · Whether         · Geological 
logging is        logging is 
qualitative or    qualitative. 
quantitative in 
nature. Core 
(or costean, 
channel, etc) 
photography. 
 
  · The total       · All 
length and        intersections 
percentage of     were geologically 
the relevant      logged. 
intersections 
logged. 
Sub-sampling 
techniques and      · If core,         · Half the hole is sampled. 
sample            whether cut or       · The remaining halves are used as 
preparation       sawn and whether   duplicates for repeat analysis or 
                  quarter, half or   reference. 
                  all core taken. 
 
  · If non          · N/A 
-core, whether 
riffled, tube 
sampled, rotary 
split, etc and 
whether sampled 
wet or dry. 
 
  · For all         · Samples were 
sample types,     be submitted for 
the nature,       HMS preparation 
quality and       and separation, 
appropriateness   which is 
of the sample     considered 
preparation       appropriate for 
technique.        the deposit type. 
 
  · Quality         · Duplicate 
control           samples were 
procedures        taken during the 
adopted for all   drilling and a 
sub-sampling      percentage will 
stages to         be submitted for 
maximise          HMS separation. 
representivity      · No duplicate 
of samples.       analysis has been 
                  completed on 
                  separation 
                  testwork to date. 
 
  · Measures        · However, 
taken to ensure   duplicate samples 
that the          have been taken 
sampling is       to test for 
representative    representativity. 
of the in situ      · No duplicate 
material          analysis has been 
collected,        completed on 
including for     separation 
instance          testwork to date. 
results for 
field 
duplicate/second 
-half sampling. 
 
  · Whether         · Granulometric 
sample sizes      studies were 
are appropriate   performed on 
to the grain      previous sample, 
size of the       and preliminary 
material being    analysis shows 
sampled.          that samples are 
                  appropriate to 
                  the grain size of 
                  the material 
                  being sampled. 
                    · Updated 
                  granulometric 
                  studies have been 
                  performed. 
                    · More 
                  statistical work 
                  is required in 
                  this area. 
Quality of 
assay data and      · The nature,      · Samples were submitted for HMS 
laboratory        quality and        preparation and separation, which is 
tests             appropriateness    considered appropriate for the deposit 
                  of the assaying    type. 
                  and laboratory       · XRD is required to further delineate 
                  procedures used    the types of THM within the final sample. 
                  and whether the 
                  technique is 
                  considered 
                  partial or total. 
 
  · For             · No 
geophysical       geophysical 
tools,            tools, 
spectrometers,    spectrometers or 
handheld XRF      handheld XRF 
instruments,      instruments were 
etc, the          used in the 
parameters used   exploration work. 
in determining 
the analysis 
including 
instrument make 
and model, 
reading times, 
calibrations 
factors applied 
and their 
derivation, 
etc. 
 
  · Nature of       · Sample stream 
quality control   included, 
procedures        duplicate, blank 
adopted (e.g.     and CRM material. 
standards, 
blanks, 
duplicates, 
external 
laboratory 
checks) and 
whether 
acceptable 
levels of 
accuracy (i.e. 
lack of bias) 
and precision 
have been 
established. 
Verification of 
sampling and        · The              · Results not verified by external 
assaying          verification of    independent person at this time. 
                  significant 
                  intersections by 
                  either 
                  independent or 
                  alternative 
                  company 
                  personnel. 
 
  · The use of      · N/A. 
twinned holes. 
 
  ·                 · Sample data 
Documentation     is hand inputted 
of primary        into Excel and 
data, data        imported into 
entry             Micromine for 
procedures,       validation and 3D 
data              display. 
verification, 
data storage 
(physical and 
electronic) 
protocols. 
 
  · Discuss any     · No adjustment 
adjustment to     to assay data is 
assay data.       required. 
Location of 
data points         · Accuracy and     · Drillholes were surveyed using a DGPS. 
                  quality of 
                  surveys used to 
                  locate drill 
                  holes (collar and 
                  down-hole 
                  surveys), 
                  trenches, mine 
                  workings and 
                  other locations 
                  used in Mineral 
                  Resource 
                  estimation. 
 
  ·                 · Data was 
Specification     captured and 
of the grid       located using a 
system used.      Universal 
                  Transverse 
                  Mercator (UTM). 
                    · The 
                  geographic 
                  coordinate 
                  reference system 
                  is WGS84 Zone 32N 
                  (UTM32N). 
                    · Elevations 
                  are reported in 
                  metres above sea 
                  level. 
 
  · Quality and     · There is no 
adequacy of       topographic DTM 
topographic       at present. 
control.            · As part of 
                  the collar 
                  survey, 
                  additional points 
                  were collected in 
                  order to create 
                  an accurate 
                  topographic 
                  surface. 
                    · DTM creation 
                  is ongoing. 
Data spacing 
and                 · Data spacing     · No exploration results are being 
distribution      for reporting of   reported. 
                  Exploration 
                  Results. 
 
  · Whether the     · N/A. 
data spacing 
and 
distribution is 
sufficient to 
establish the 
degree of 
geological and 
grade 
continuity 
appropriate for 
the Mineral 
Resource and 
Ore Reserve 
estimation 
procedure(s) 
and 
classifications 
applied. 
 
  · Whether         · N/A. 
sample 
compositing has 
been applied. 
Orientation of 
data in             · Whether the      · N/A. 
relation to       orientation of 
geological        sampling achieves 
structure         unbiased sampling 
                  of possible 
                  structures and 
                  the extent to 
                  which this is 
                  known, 
                  considering the 
                  deposit type. 
 
  · If the          · N/A. 
relationship 
between the 
drilling 
orientation and 
the orientation 
of key 
mineralised 
structures is 
considered to 
have introduced 
a sampling 
bias, this 
should be 
assessed and 
reported if 
material. 
Sample security 
                    · The measures     · Samples were transported from site to 
                  taken to ensure    Yaoundé in secure polyweave bags by the 
                  sample security.   BWA geologist. 
                                       · Samples were taken to Afrigeolabs for 
                                     granulometric studies by BWA geologists. 
                                       · Samples were sent to Germany via DHL 
                                     for heavy mineral separation testwork. 
                                     Samples arrived in Germany intact and 
                                     without tampering. 
Audits or 
reviews             · The results      · Lewis Harvey (AMS Director and Senior 
                  of any audits or   Geologist) completed a site visit between 
                  reviews of         the 23rd and 29th of May, 2022. 
                  sampling             · All findings of the visit are 
                  techniques and     considered satisfactory. 
                  data. 
 
Section 2 Reporting of Exploration Results 
 
(Criteria listed in the preceding section also apply to this section.) 
 
Criteria         JORC Code         AMS Comments 
                 explanation 
Mineral 
tenement and       · Type,           · BWA has been awarded Permit No. 672, an 
land tenure      reference         exploration licence covering 343 km2 of 
status           name/number,      Central Cameroon in an area known as 
                 location and      Nkoteng, for researching the viability of 
                 ownership         commercial exploitation of rutile sands and 
                 including         other minerals including gold, kyanite, 
                 agreements or     ilmenite, and other related minerals. 
                 material issues     · The permit is for three years and there 
                 with third        is a requirement for a financial commitment 
                 parties such as   of £260,000 in year 1 to be followed by 
                 joint ventures,   £195,000 in each of years 2 and 3. 
                 partnerships,       · The licence was renewed on the 23rd of 
                 overriding        September 2022 for a period of two years. 
                 royalties,        (Confers article 37 of Law 2016/017 of 14 
                 native title      Dec 2010 on the Cameroonian Mining 
                 interests,        Code).[LH1] 
                 historical 
                 sites, 
                 wilderness or 
                 national park 
                 and 
                 environmental 
                 settings. 
 
  · The            · All 
security of the  tenements are in 
tenure held at   good standing. 
the time of        · BWA are 
reporting along  unaware of any 
with any known   impediments that 
impediments to   may affect the 
obtaining a      licences. 
licence to 
operate in the 
area. 
Exploration 
done by other      ·                 · Rutile was discovered in Cameroon at 
parties          Acknowledgment    the beginning of the century, but it was 
                 and appraisal of  only exploited between 1935 and 1955. The 
                 exploration by    total recorded production of rutile is 
                 other parties.    approximately 15,000 tonnes, with a maximum 
                                   of 3,320 tonnes in 1944; exploitation 
                                   remained essentially artisanal. 
                                     · Historical exploration was carried out 
                                   by the BRGM in 1980 and continued until 
                                   1991. 
                                     · On 28th February 1988, the Ministry of 
                                   Mines, Water and Energy (MINMEE) and BRGM 
                                   set up the Société d'Étude du Rutile 
                                   d'Akonolinga (SERAK) with a capital of 460 
                                   million CFA francs held by a 100% 
                                   subsidiary of BRGM (SEREM) and the State of 
                                   Cameroon in proportions of 52% and 48% 
                                   respectively. 
                                     · The evaluation of rutile resources in 
                                   the Akonolinga region by SERAK has given 
                                   the Djaa River some 290,000 tonnes (± 
                                   50,000 tonnes) and the Yo River some 
                                   240,000 tonnes (± 40,000 tonnes). 
                                     · During the same period, reconnaissance 
                                   was carried out on the Sélé and Tédé rivers 
                                   in the Nanga Eboko region. The campaign 
                                   enabled resources to be estimated at: SELE 
                                   River: 723,000 tonnes of rutile; TEDE 
                                   River: 175,000 tonnes of rutile. 
                                     · At the moment the Akonolinga area is 
                                   being developed by the French mining 
                                   company ERAMET which is active in the 
                                   field, while the TEDE and SELE rivers in 
                                   the Nanga Eboko area are under licence from 
                                   Archidona. The latter company is inactive 
                                   in the field. 
                                     · No recent data on these two areas is 
                                   available. 
                                     · Results are not reported in accordance 
                                   with JORC (2012) and have not been 
                                   independently verified by either BWA or 
                                   AMS. 
Geology 
                   · Deposit         · Rutile, as an important component in 
                 type, geological  alluvial or eluvial heavy mineral deposits, 
                 setting and       is known in southern Cameroon. 
                 style of            · Cameroon was the world's third largest 
                 mineralisation    producer of rutile from 1944 to 1950 
                                   (16,417 t). 
                                     · With an estimated potential of nearly 
                                   three million tons, Cameroon has the 
                                   world's second-largest supply of rutile 
                                   after Sierra Leone. 
                                     · Nkoteng is located within the Yaoundé 
                                   Domain of the Pan African Belt, which is a 
                                   large nappe unit that has been thrusted 
                                   southward onto the Congo Craton and is 
                                   characterised by low-grade to high-grade 
                                   garnet bearing metamorphosed schists, 
                                   gneiss and orthogneisses 
                                     · Main minerals are garnet, rutile, 
                                   kyanite, ilmenite and zircon. 
Drill hole 
Information        · A summary of    · Collar coordinates and details of the 
                 all information   holes are presented in the table below. 
                 material to the 
                 understanding of  +-------+-----+------+------+ 
                 the exploration   |Heading|Count|Min   |Max   | 
                 results           +-------+-----+------+------+ 
                 including a       |EAST   |107  |815514|822514| 
                 tabulation of     +-------+-----+------+------+ 
                 the following     |NORTH  |107  |492007|496992| 
                 information for   +-------+-----+------+------+ 
                 all Material      |RL     |107  |526   |581   | 
                 drill holes:      +-------+-----+------+------+ 
                     · easting     |EOH    |107  |0.6   |4.0   | 
                 and northing of   +-------+-----+------+------+ 
                 the drill hole 
                 collar 
                     · elevation 
                 or RL (Reduced 
                 Level - 
                 elevation above 
                 sea level in 
                 metres) of the 
                 drill hole 
                 collar 
                     · dip and 
                 azimuth of the 
                 hole 
                     · down hole 
                 length and 
                 interception 
                 depth 
                     · hole 
                 length. 
 
  · If the         · N/A. 
exclusion of 
this 
information is 
justified on 
the basis that 
the information 
is not Material 
and this 
exclusion does 
not detract 
from the 
understanding 
of the report, 
the Competent 
Person should 
clearly explain 
why this is the 
case. 
Data 
aggregation        · In reporting    · N/A. 
methods          Exploration 
                 Results, 
                 weighting 
                 averaging 
                 techniques, 
                 maximum and/or 
                 minimum grade 
                 truncations 
                 (e.g. cutting of 
                 high grades) and 
                 cut-off grades 
                 are usually 
                 Material and 
                 should be 
                 stated. 
 
  · Where          · N/A. 
aggregate 
intercepts 
incorporate 
short lengths 
of high grade 
results and 
longer lengths 
of low grade 
results, the 
procedure used 
for such 
aggregation 
should be 
stated and some 
typical 
examples of 
such 
aggregations 
should be shown 
in detail. 
 
  · The            · N/A. 
assumptions 
used for any 
reporting of 
metal 
equivalent 
values should 
be clearly 
stated. 
Relationship 
between            · These           · Mineralisation is a river placer 
mineralisation   relationships     deposit, and the extents and geometry are 
widths and       are particularly  unknown at this time. 
intercept        important in the    · Surface sampling is early stage and 
lengths          reporting of      designed to confirm the presence and 
                 Exploration       indication of HMS mineralisation for 
                 Results.          targeting further exploration. 
 
  · If the         · The holes 
geometry of the  are vertical, 
mineralisation   and the 
with respect to  mineralisation 
the drill hole   is assumed to 
angle is known,  sub-horizontal 
its nature       at this time. 
should be 
reported. 
 
  · If it is       · The 
not known and    relationship 
only the down    between interval 
hole lengths     and true width 
are reported,    is not yet know. 
there should be    · However, the 
a clear          mineralisation 
statement to     is sub 
this effect      -horizontal and 
(e.g. `down      interval widths 
hole length,     are likely a 
true width not   reasonable 
known').         reflection of 
                 true width. 
Diagrams 
                   · Appropriate     · Appropriate scaled diagrams are 
                 maps and          attached to the RNS. 
                 sections (with 
                 scales) and 
                 tabulations of 
                 intercepts 
                 should be 
                 included for any 
                 significant 
                 discovery being 
                 reported. These 
                 should include, 
                 but not be 
                 limited to a 
                 plan view of 
                 drill hole 
                 collar locations 
                 and appropriate 
                 sectional views. 
Balanced 
reporting          · Where           · All available exploration data for the 
                 comprehensive     Nkoteng Project has been collected and 
                 reporting of all  reported. 
                 Exploration         · The full implications for the data are 
                 Results is not    unknown at this time. 
                 practicable, 
                 representative 
                 reporting of 
                 both low and 
                 high grades 
                 and/or widths 
                 should be 
                 practiced to 
                 avoid misleading 
                 reporting of 
                 Exploration 
                 Results. 
Other 
substantive        · Other           · No geophysical works have been 
exploration      exploration       completed. 
data             data, if            · Limited mapping works have been 
                 meaningful and    completed. 
                 material, should    · No additional surface sampling works 
                 be reported       have been completed. 
                 including (but      · No metallurgical testing or bulk 
                 not limited to):  density work have been completed. 
                 geological 
                 observations; 
                 geophysical 
                 survey results; 
                 geochemical 
                 survey results; 
                 bulk samples - 
                 size and method 
                 of treatment; 
                 metallurgical 
                 test results; 
                 bulk density, 
                 groundwater, 
                 geotechnical and 
                 rock 
                 characteristics; 
                 potential 
                 deleterious or 
                 contaminating 
                 substances. 
Further work 
                   · The nature      · Additional drilling in prospective 
                 and scale of      areas to delineate lateral extents. 
                 planned further     · Bulk density and granulometric studies. 
                 work (e.g. tests    · Metallurgical and recovery testwork. 
                 for lateral 
                 extensions or 
                 depth extensions 
                 or large-scale 
                 step-out 
                 drilling). 
 
  · Diagrams       · Further work 
clearly          programmes are 
highlighting     being developed 
the areas of     and as such, no 
possible         diagrams are 
extensions,      available at 
including the    this time. 
main geological    · However, 
interpretations  exploration is 
and future       planned over the 
drilling areas,  whole licence 
provided this    area. 
information is 
not 
commercially 
sensitive 
 
[LH1]Emanuel to confirm 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

July 19, 2023 02:00 ET (06:00 GMT)

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