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Oena Data

Oena Information

  • Operational Readiness 2015-07-11
    Mine development decision to be made in Q2 2015 (December 2014 to February 2015) following completion of ongoing evaluation work program, receipt of government approval on the Tango acquisition transaction and the issuance of a National Instrument 43-101 report. Mining contract to sustain 1,590,000 tonnes per annum extraction concluded with mobilization of first earthmoving equipment planned for December 2014.
  • Financial 2015-07-11
    Planned capital expenditure of CAD 292,000 in Q1 & Q2 2015 (September 2014 to February 2015) on plant equipment, operational readiness and infrastructure development costs. Implementation of a program to maximize mining throughput and enhance the recovery potential of diamonds from Oena with use of a Bourevestnik, Inc. manufactured high volume X-ray and recovery equipment.
  • Historical Mining Activities 2015-07-11
    The Property has seen various forms of exploration and mining activities that started in 1992 with work by independent mining companies who mined the proto%u2010terraces at the Oena Section until 1995, producing some 30,000 carats with an average stone size of some 2 carats. The largest stone recovered was 79 carats.
  • Geology 2015-07-11
    Oena, a past producing alluvial diamond property, is located within a well established alluvial diamond mining province 50 km upstream of Namdeb's Auchas and Daberas alluvial diamond mines, located on the Namibian or north bank of the Orange River, and 15 km and 60 km upstream of Trans Hex's Reuning and Baken alluvial diamond mines, respectively, located on the South African or south bank of the Orange River.
  • Ownership 2015-07-11
    The original Oena Mining Licence (ML 7/92) was issued in 1992 to Kuboes Diamante (Proprietary) Limited and then was converted to the current New Order Mining Lease in 2009 (Map 2) African Star Minerals (Proprietary) Limited acquired 100% of Kuboes in 2013. The beneficial interests in turn from ASM are currently being transferred to Tango which will be concluded on receipt of the Section 11 Ministerial approval of the transfer of mining rights and consent for change of control in terms of the Mineral and Petroleum Resources Development Act (Act 28/2002, as amended).
  • General 2015-07-11
    The Oena Project consists of one New Order Mining Lease located on the lower Orange River, Northern Cape Province, South Africa. The New Order Mining Lease (MPT24/2014MR) was granted in 2009, is valid until April 2015, and is currently the subject of a renewal application to extend the lease term to April 2045. Oena is 8,800 hectares in size and covers a 4.8 kilometre wide strip along a 15 km length of the Orange River.

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Oena News

  • Tango sells South African diamond mine for $3m 2016-03-24
    TSX-V-listed Tango Mining has agreed to sell subsidiary African Star Minerals, which owns the Northern Cape-based Oena diamond mine, to South Africa-registered Bothma Diamante for $3-million. The transaction, for which Tango received a binding offer, comprised two stages, with Stage 1 comprising a binding term sheet and sale and acquisition agreement for contracting that would see Bothma continue the alluvial diamond bulk-sampling programme at Oena.
  • Oena Operational Update and Diamond Sales 2015-08-05

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 5, 2015) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) provides an update on ongoing bulk sampling program at the Oena Project ("Oena").

  • Tango Mining Limited: Oena Operational Update 2015-07-06

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 6, 2015) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) announces commencement of the bulk sampling program at the Oena Project ("Oena") following receipt of the required necessary regulatory and ministerial approvals, and the subsequent completion of the transfer of the controlling interest in African Star Minerals (Pty) Ltd. ("African Star"). ASM holds a 100% interest in the Oena project, Northern Cape Province, South Africa.

  • Tango Mining Limited: Bulk Sampling Program has Commenced at Oena Project, South Africa 2015-03-04

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 3, 2015) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to announce that the bulk sampling program at its Oena Project ("Oena"), Northern Cape Province, South Africa commenced in February 2015 on schedule.

Related News

  • Tango Mining Limited: BK11 Diamond Mine, Botswana, Acquisition Not Completed 2016-09-12

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) announces that the Firestone Diamonds Limited ("Firestone") Sale of Shares and Claims Agreement (the "Firestone Agreement") for the acquisition of the BK11 Diamond Mine, Botswana ("BK11"), as announced on 9 July 2015, did not close by the 9 September 2016 (the "Revised Drop Dead Date").

  • Tango Announces Loan Financing for Acquisition of BK11 Mine 2016-08-30

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 29, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to announce it has agreed to a non-convertible loan agreement (the "Loan Agreement") with a number of lenders (the "Lenders"), in order to fund the previously announced acquisition (the "Acquisition") of the processing facility and mineral rights comprising the Botswana diamond operations of Firestone Diamonds Limited (the "BK11 Mine"), and for general working capital purposes. Pursuant to the Loan Agreement, the Lenders will advance to the Company the aggregate principal amount of US$10,000,000 (the "Loan"). The Loan bears interest at a rate of 12% per annum calculated quarterly in arrears and is payable on demand on or after the first anniversary of the closing date of the Loan.

  • Firestone Diamonds again extends deadline for Botswana asset sale 2016-08-30
    Canadian diversified junior miner Tango Mining has until the revised drop dead date of September 9 to settle all the conditions under the conditional sale agreement (CSA) for the $8-million acquisition of Aim-listed Firestone Diamonds’ Botswana assets. Firestone on Tuesday agreed to extend the due date to allow Tango to finalise its proposed $30-million loan commitment with California-based financial lender Vanderbilt Commercial to finance the acquisition of the operations and provide the capital to restart the idled BK11 kimberlite diamond operations.
  • Tango Announces Extension for Acquisition of BK11 Mine 2016-07-29

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 29, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to announce that Firestone Diamonds Limited ("Firestone"), has agreed to extend the date by when all conditions for the Company's acquisition of Firestone's past producing BK11 Kimberlite Diamond Mine ("BK11 Mine"), Botswana (the "Acquisition") must be satisfied.

  • Tango Announces Extension for Acquisition of BK11 Mine 2016-04-06

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 6, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to announce that Firestone Diamonds Limited ("Firestone"), has agreed to extend the date by when all conditions for the Company's acquisition of Firestone's Botswana operations (the "Acquisition") must be satisfied.

  • Vanderbilt Commercial to fund $30m Tango loan for Botswana project 2016-03-28
    California-based financial lender Vanderbilt Commercial Lending has presented TSX-V-listed Tango Mining with a proposal outlining a $30-million loan commitment to fund Tango’s acquisition and the capital required to restart the BK11 kimberlite diamond mine (BK11 mine), in Botswana. Pending finalising the loan commitment agreement, the outstanding principal, plus accrued and unpaid interest would be due at the end of the five‐year term of the loan, which included an 18‐month pre‐paid interest Reserve Fund.
  • Tango sells South African diamond mine for $3m 2016-03-24
    TSX-V-listed Tango Mining has agreed to sell subsidiary African Star Minerals, which owns the Northern Cape-based Oena diamond mine, to South Africa-registered Bothma Diamante for $3-million. The transaction, for which Tango received a binding offer, comprised two stages, with Stage 1 comprising a binding term sheet and sale and acquisition agreement for contracting that would see Bothma continue the alluvial diamond bulk-sampling programme at Oena.
  • Tango Announces Positive NI43-101 PEA for BK11 Kimberlite Diamond Mine, Botswana and Updated Acquisition Terms with Firestone 2015-10-13

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 13, 2015) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to report that it has completed a National Instrument 43-101 ("NI43-101") Preliminary Economic Assessment ("PEA") for the previously operating BK11 Kimberlite Diamond Mine ("BK11 Mine")*, in the Republic of Botswana. The BK11 Mine is a diamond bearing, champagne glass shaped kimberlite pipe with a surface area of 8.7 hectares ("ha"). The pipe itself is located in the Orapa/Letlhakane kimberlite district, which is one of the world's most prolific diamond producing areas.

  • Oena Operational Update and Diamond Sales 2015-08-05

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 5, 2015) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) provides an update on ongoing bulk sampling program at the Oena Project ("Oena").

  • Tango Mining Limited: Oena Operational Update 2015-07-06

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 6, 2015) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) announces commencement of the bulk sampling program at the Oena Project ("Oena") following receipt of the required necessary regulatory and ministerial approvals, and the subsequent completion of the transfer of the controlling interest in African Star Minerals (Pty) Ltd. ("African Star"). ASM holds a 100% interest in the Oena project, Northern Cape Province, South Africa.

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