East Africa Metals Inc.
EAM.VSmall CapGold
Price History
Loading chart...
About East Africa Metals Inc.
East Africa Metals is advancing gold and base metals development projects across Ethiopia, a country with significant mineral endowment and growing mining industry. The company combines international experience with local relationships to advance its project portfolio toward production.
Primary Commodities
Gold
Project Economics
Magambazi Project (Handeni)
Gold· Tanzania, Tanga Province, Handeni District· Development
PEA
Head Grade1.48 g/t Au (indicated), 1.36 g/t Au (inferred) using 0.5 g/t cutoff
Ownership100%
- Mineral Resources
- Indicated: 15.2 Mt @ 1.48 g/t Au = 721,300 oz; Inferred: 6.7 Mt @ 1.36 g/t Au = 292,400 oz
Source: Company presentation
Adyabo Project (Mato Bula & Da Tambuk)
Gold· Ethiopia, Tigray National Regional State· Development
PEA
Apr 2018
Ownership30%
- Mineral Resources
- Mato Bula & Da Tambuk: 446,000 oz indicated, 551,000 oz inferred (combined Adyabo)
- Royalties / Streams
- EAM owns 30% Net Profits Interest on the Mato Bula and Da Tambuk Projects through its Ethiopia subsidiary Tigray Resources Inc.
Source: Company presentation
Da Tambuk
Gold· Tigray National Regional State, Ethiopia· Development
PEA
Apr 2018
NPV (After-Tax) @ 8%$13M
IRR (After-Tax)28.6%
Initial Capex$34M
Payback1.9 yrs
Mine TypeUnderground
Contained Metal126,000 oz Au (Indicated+Inferred)
- Mineral Resources
- Indicated: 775,000 tonnes at 4.51 g/t Au, 0.11% Cu, 2.4 g/t Ag (112,000 oz Au, 1.9 Mlb Cu, 59,000 oz Ag); Inferred: 110,000 tonnes at 4.04 g/t Au, 0.06% Cu, 2.93 g/t Ag (14,000 oz Au, 0.2 Mlb Cu, 10,000 oz Ag)
Source: Technical report
Harvest Project (Terakimti)
Gold· Ethiopia, Tigray National Regional State· Development
PEA
Apr 2018
Ownership70%
- Mineral Resources
- Harvest Project: 469,000 oz indicated, 426,000 oz inferred
Source: Company presentation
Mato Bula Deposit
Gold, Copper, Silver· Tigray National Regional State, Ethiopia· Development
PEA
May 2016
NPV (After-Tax) @ 8%$57M
NPV (Pre-Tax)$84M
IRR (After-Tax)28.4%
Initial Capex$54M
Payback3 yrs
Mine Life8 yrs
Annual Production504 kt processed
Mine TypeOpen-pit
- Mineral Resources
- Indicated: 2,280,000 t at 3.74 g/t Au, 0.28% Cu, 1.1 g/t Ag (Open pit) + 160,000 t at 3.57 g/t Au, 0.25% Cu, 1.0 g/t Ag (UG). Inferred: 3,010,000 t at 2.13 g/t Au, 0.34% Cu, 2.4 g/t Ag (Open pit Mato Bula) + 2,470,000 t at 0.27 g/t Au, 0.70% Cu, 3.2 g/t Ag (Open pit Mato Bula North) + 330,000 t at 2.77 g/t Au, 0.651% Cu, 5.4 g/t Ag (UG Mato Bula) + 15,000 t at 0.75 g/t Au, 0.79% Cu, 2.6 g/t Ag (UG Mato Bula North). Effective Date: May 31, 2016.
Source: Technical report
Mato Bula North
Copper, Gold, Silver· Tigray National Regional State, Ethiopia· Exploration
Resource Estimate
May 2016
- Mineral Resources
- Inferred: 2,470,000 t at 0.27 g/t Au, 0.70% Cu, 3.2 g/t Ag (Open pit) + 15,000 t at 0.75 g/t Au, 0.79% Cu, 2.6 g/t Ag (UG). Effective Date: May 31, 2016.
Source: Technical report
Terakimti Oxide Deposit, Harvest Project
Gold· Tigray National Regional State, Ethiopia· Development
PEA
Oct 2015
NPV (After-Tax) @ 8%$13M
IRR (After-Tax)30.1%
Initial Capex$17M
Mine Life4 yrs
Mine TypeOpen-pit
- Mineral Resources
- Oxide Indicated: 1,110,000 t at 3.41 g/t AuEq (3.20 g/t Au, 23.6 g/t Ag), 114,000 oz Au, 841,000 oz Ag; Oxide Inferred: 15,000 t at 2.06 g/t AuEq (1.94 g/t Au, 13.5 g/t Ag), 1,000 oz Au, 7,000 oz Ag. Sulphide Indicated: 1,841,000 t at 2.20% Cu, 1.65% Zn, 1.06 g/t Au, 17.5 g/t Ag; Sulphide Inferred: 2,583,000 t at 1.09% Cu, 1.42% Zn, 0.96 g/t Au, 20.6 g/t Ag; Underground Primary Inferred: 939,000 t at 0.69% Cu, 2.92% Zn, 0.84 g/t Au, 15.2 g/t Ag.
- Royalties / Streams
- Royalties Paid to Ethiopian Government US$6.8 million
Source: Technical report
Adyabo Project
Gold, Copper, Silver· Ethiopia· Exploration
Resource Estimate
Apr 2015
Contained Metal678,000 oz Au
- Mineral Resources
- Inferred: 9,315,000 tonnes at 2.26 g/t Au, 0.40% Cu, 2.2 g/t Ag (Total OP+UG). Open Pit: 8,280,000 t at 2.28 g/t Au, 0.41% Cu, 2.1 g/t Ag. Underground: 1,035,000 t at 2.13 g/t Au, 0.34% Cu, 3.0 g/t Ag.
Source: Technical report
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
Financial Metrics
Loading financial data...
Quick Facts
- Ticker Symbol
- EAM.V
- Market Cap
- Small Cap
- Category
- Gold
- Commodities
- Gold
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.
◆ ◆ ◆