It is in the annual report for the year ended Aug. 31, 2010. A production decision ought to be made by Feb. 2012 then there is a period to build the operation. Similar to the arrangement with Kibco on Itetemia.
On February 25, 2009, the Company entered into an Option and Royalty Option Agreement with
Songshan, granting Songshan an option to acquire a 100% interest in the Company's 26 Kabanga
nickel licenses and applications located in northwestem Tanzania, by completing certain exploration
work over a period of three years, and then making a production decision, subject to a 3% net smeller
royalty reserved in favor of the Company. In January 2010, Jinchuan Mining, a Chinese metals
company, concluded an agreement with Songshan to participate in the exploration and development of
the Kabanga nickel properties. Jinchuan Mining has agreed to act as operator and hold complete
financial responsibility for all exploration activities on the nickel exploration licences.
I am UnoMe #1.
