Bisesero Project

Mawarid holds 3 separate exploration Licenses for Blocks B, C and D over an area totaling approximately 9,625 hectares in the Western Province of Rwanda located 150 kms due south west of Kigali, namely the Bisesero Project. The Bisesero Project contains the minerals defined as the 3 T’s: Tin (Sn), Tantalite (Ta) and Tungsten (W). During the exploration gold (Au) anomalies have been identified in addition to the three T’s.

The Bisesero Project is held under Mawarid’s wholly owned Rwandan registered subsidiary Tri Metals Mining Rwanda Limited (“TMMRL”). The concession area historically has been artisanally mined for cassiterite (Sn), coltan (Ta) and (Nb), and wolframite (W) since early 1930s.

Since 2016, TMMRL has undertaken various exploration activities to identify prospective areas on the Bisesero tenements. In 2019, a 2,000 meters diamond drilling program was completed to test highly advanced exploration targets on the Bisesero tenements. The results of the drilling were encouraging. However, additional geological work is required to better understand and define the complex structural geology and mineralization style of the prospect.

Historical mining data indicates that significant quantities of cassiterite (Sn), coltan (Ta and Nb) and wolfram (W) were extracted from the tenement.