The limestone deposit is located 20 km southwest of Caia within the forestry concession area and the exploration licence is part of a forestry concession. The Tete / Beira rail link, complete with a 3-line siding, runs on the northern boundary of the concession. Early test work on surface material of the limestone indicates that there are potentially acceptable grades of calcium carbonate (CaCO3) for limestone for use in cement production. In addition, initial work suggests that solubility should be suitable for Agri-lime and the material is also expected to be suitable for aggregate production. The Board believes that there is good local demand for lime for cement production, agricultural applications as well as aggregates.
 


The Forestry concession is valid for another 10 years subject to renewal for another 50 year terms and is permitted to cut up to 3,000 m³ per annum, over and above historically cut and dead timber. TCT is the operator of the limestone exploration license and this is valid for 2 years from the date of formal grant in January 2016, and is renewable for another two year period. The work commitments under the exploration license are set out in an approved exploration programme budgeted at US$200,000. There has been limited exploration work to date on the limestone deposit and there is no current resource, although there is evidence of historic small scale mining activity.



Next Steps, Exploration & Scoping Study

The Company plans to commence an initial exploration and assessment work programme on the limestone deposit that is expected to provide a maiden resource and preliminary scoping study during 2017. 
 


Added Benefits, Finished Timber Products
In addition to its limestone project, TCT also has existing forestry operations that are expected to be self-sustaining from an early stage. Limited rehabilitation in the milling operations of the forestry division will see volumes increase to achieve this. At present, TCT produces a range of Mozambique hardwoods and either exports top grade kiln dried timber in unfinished or semi-finished form. Bespoke furniture and a number of allied timber items are produced from timbers that are highly rated in both Germany and the UK. Located within the forest area, TCT operates a 28 bed lodge and a 9,963-hectare game farm and hunting concession.

Further details on TCT's activities are available at www.dalmann.com