Tianci International Signs MOU to Mine Gold on 500ha and Chromium on 1,500ha
Tianci International signed a non-binding MOU with Zimbabwe-based Greypole Mineral Resources to jointly explore and extract gold on 500 hectares in Gwanda and chromium on 1,500 hectares in Zvishavane. The phased collaboration will leverage each party’s capital, technological integration and regulatory expertise to obtain exploration and mining rights in Zimbabwe.
1. Memorandum of Understanding Details
Tianci International and Greypole Mineral Resources signed a non-binding Strategic Cooperation MOU to negotiate a formal partnership. The agreement outlines joint efforts in capital markets, technology integration and resource exploitation to advance gold and chromium projects in Zimbabwe.
2. Exploration and Extraction Scope
The collaboration targets approximately 500 hectares of gold concessions in the Gwanda region and 1,500 hectares of chromium concessions in Zvishavane. Both parties will pool expertise to conduct geological surveys, secure equipment and initiate phased mining operations.
3. Implementation and Rights Acquisition
Greypole will assist Tianci in applying for exploration and mining rights under a phased approach designed to meet local regulatory requirements. This strategy aims to ensure compliance and streamline operational deployment of the mining concessions.
4. Strategic Impact for Tianci
The partnership marks Tianci’s expansion beyond logistics into mineral resource development, leveraging its asset-light model and global distribution network. Successful resource extraction could diversify revenue streams and enhance the company’s valuation through direct access to high-grade metals.