Madagascar JV - Austral Malagasy Mining sarlu 

Joint Venture operations in Madagascar involved project assessment activities on a substantial limestone project and review of industrial mineral opportunities. Significant progress was made during the quarter in securing a limestone project in the south east of the country.

A 12 month Exclusive Prospecting License (EPL) was issued to Gulf by the Commissioner of Mines and Energy in Kenya on the 4th of September 2009. The tenement enables the holder to explore for base and precious metals, mineral sands, rare earth elements and uranium. Gulf’s focus is on the industrial mineral potential of the region and Joint Venture partners will be sought to explore the Base metal, Iron ore and Gold prospects that lie within the license area.


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