Summary – Providing Geological Intelligence
CAR Geoscience provision of geological intelligence is a 21st Century solution to sustainably and inclusively develop undeveloped natural resource assets in the Central African Republic.
CAR Geoscience provision of geological intelligence has already facilitated the the National Mining Joint Venture taking 12 mining licenses.
4-year plan is in place to complete initial survey of entire country.
Geological Intelligence strategy means Natural resources will be mapped to recognised international standards enabling the resulting surveyed reserves to be included on the country’s balance sheet in accordance with international IFRS accounting standards.
CAR Geoscience has entered into a 25 year agreement which will see the continued use of geological intelligence to develop the countries natural resources, which includes the annual production of a report on the mapped resources and reserves of the Central African Republic.
For comparison , South Africa has approximately twice the land mass of CAR and currently produces $169.3 billion of minerals per annum.
The agreement is valid for 25 years with automatic extensions for 5-year periods whilst mines developed still have mine life.
Timeline for Completion of the Initial CAR National Survey
| H2 23 | H1 24 | H2 24 | H1 25 | H2 25 | H1 26 | H2 26 | H1 27 |
| Remote sensing, geospatial analysis and desktop analysis | Selected drilling and groundwork on lead targets from Phase 1 | Remote sensing, geospatial analysis and desktop analysis | Selected drilling and groundwork on lead targets from Phase 2 | Remote sensing, geospatial analysis and desktop analysis | Selected drilling and groundwork on lead targets from Phase 3 | Remote sensing, geospatial analysis and desktop analysis | Selected drilling and groundwork on lead targets from Phase 4 |
| Phase 1 of survey for 25% of country commences | Phase 1 data analysed and published | Phase 2 of aerial survey for 25% of country commences | Phase 2 data analysed and published | Phase 3 of aerial survey for 25% of country commences | Phase 3 data analysed and published | Phase 4 of aerial survey for 25% of country commences | Phase 4 data analysed and published |
| Initial data based upon identified key targets. | Phase 1 surveyed and parcelled up into permit areas | Licenses completed on initial areas from Phase 1 of aerial survey | Phase 2 surveyed and parcelled up into permit areas | Licenses completed on initial areas from Phase 2 of aerial survey | Phase 3 surveyed and parcelled up into permit areas | Licenses completed on initial areas from Phase 3 of aerial survey | Phase 4 surveyed and parcelled up into permit areas |
Rich Natural Wealth - Low Actual Wealth
CAR Geoscience is a public private partnership between the Government and a consortium of international partners that will assist the country to sustainably develop its vast natural wealth with the stated objective of making the Central African Republic one of the fastest growing economies in Africa and dramatically improving the standard of living of the country’s people.
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