Business
Half-year Report for the 6 Months to 31 Decem...
Half-year Report for the 6 Months to 31 Decem....
About this update from Bwa Group Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310. 21 March 2025BWA Group PLC (\"BWA\" or the \"Company\") Interim Financial Results for the Six Months to 31 December 2024 BWA Group Plc [AQSE: BWAP], which has mineral exploration licences in both Cameroon and Canada at various early stages of development and is quoted on London's AQSE Growth Market, announces its unaudited financial results for the Interim Period of six months to 31 December 2024, following the announcement of its Audited Accounts for the year to 30 June made on 19 November 2024. A copy of this announcement can be viewed on the Company's website, http://www.bwagroupplc.com/bwa-announcements.html. Chairman's Statement In the first half of its financial year, to 31 December 2024, the Company has continued to invest in developing its flagship rutile and other mineral sands exploration permits in Cameroon. The arrival of Peter Taylor to the Board of BWA Group plc in August 2024 has brought a wealth of mining operations experience, both in working in Cameroon and in mineral sands projects, which has spurred programmes of exploratory drilling activity. Notably, this resulted in the Company's initial Mineral Resource Estimate (MRE), covering the Dehane 2 exploration permit, reported on 22 January 2025. Work continues to test the kyanite, currently reported as an Exploration Target, to determine if it has a RPEEE (Reasonable Prospect for Eventual Economic Extraction) in which case the Company can reasonably expect to positively restate the initial MRE. Elsewhere, we are currently evaluating results from the Dehane 1 project and subsequently, those of the Nkoteng 2 and Dehane 3 exploration permits. These will be reported in due course. The Company is currently progressing renewal applications for two of the five exploration permits in Cameroon. Mr Taylor also represented the Company at the Cape Town Mining Indaba in February and Toronto PDAC in March. This proved to be fruitful and included meetings with the Cameroon Ministry of Mines, Industry and Technological Development, potential investors, JV/earn-in p...