Noventa's strategy is to be the world's largest, low cost industrial scale supplier of tantalum concentrate, a rare speciality metal widely used in the consumer electronics industry. There is currently a shortage of tantalum supply and stock levels in the industry are being run down. Noventa is in a unique position to expand production to meet the industries needs.
The Jersey based Company's Marropino mine in Mozambique resumed production in April 2010, and the Company has now embarked on a Strategic Plan which it believes will build the foundations of a long-term, profitable, cash generative and sustainable business.
Since the implementation of the Strategic Plan, in preparation for the Company’s planned listing on the Toronto Stock Exchange Noventa has produced an Independent Technical Report prepared to Canadian National Instrument 43-101 standard on the Marropino project and associated properties in the Zambezia Province in Mozambique.
Noventa has a strong and experienced management team with a demonstrable track record. View full directors and management information.
Noventa has long term fixed price off-take agreements in place for sale of substantial proportion of tantalum concentrate produced from its existing operation.