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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	SDL
Latest Price:	0.42 (0.00%)
52-week High:	0.54
52-week Low:	0.31
Market Cap:	1,216.45M

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Sundance Resources

Sundance Resources (ASX:SDL) is an Australian-based international iron ore company developing the Mbalam Project in the Republic of Cameroon in central west coast of Africa.

Sundance is advancing a significant exploration program and feasibility studies on the project based on production of 35 million tonnes per year hematite. Sundance is targeting to commence operations in 2012, this forming the basis for developing a global iron ore business.

Sundance Resources kicks-off drill program at Nabeba in Africa

Monday, March 22, 2010

International iron ore company Sundance Resources (ASX: SDL) has kicked-off a 2010 drilling program at the the Nabeba Deposit in the Sangha Province in the north west of the Republic of Congo.

The Minister for Mines and Geology of the Republic of Congo, His Excellency, Mr Pierre Oba, officially launched the 2010 drilling program of Congo Iron SA at the Nabeba Deposit in the Sangha Province in the north west of the Republic of Congo.

Congo Iron SA is Sundance’s 85%-owned subsidiary. Four previous diamond holes drilled to date intersected significant high grade hematite.

Congo Iron’s first hole on Nabeba was drilled at the southern extent of mapped surface mineralisation. Access has since been developed across the deposit with following holes drilled on the northern ridge.

Assay results are not yet available but logging of drill core by site geologists has identified hematite mineralisation thicknesses of up to 59.7 metres.

The Nabeba Deposit lies some 42km south of Sundance’s Mbarga Deposit in the Republic of Cameroon. Drilling is being carried out with the Company’s Sandvik DE710 diamond drill rig. Holes are vertical and are primarily PQ3 size.

Drilling at Nabeba follows Congo Iron SA’s preliminary exploration work which identified the primary exploration targets on its Mining Research Permits, MRP362 and MRP363. This included aerial radiometric and aeromagnetic surveys completed in 2008 and ground based surface mapping and sampling programs completed in 2009.

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