Australia's Sundance Resources Company verified that Mbalam of Cameroon has rich reserve of high quality of iron ore.

Based on the results of resource definition drilling conducted, there are around 190 million tons reserve of iron ore at least and which can directly deliver. Sundance believed that once the Mbalam starting to produce, it will have great quantity of hematite for direct delivering.

“The definition of this large inferred mineral resource represents an excellent achievement by our team. Exploration is continuing to build confidence in the broader potential of this asset as a world-scale iron ore project based on substantial tonnages of DSO and Itabirite mineralisation.” CEO Don Lewis said.