Profile

Noventa Limited is in the process of becoming an industrial scale supplier of tantalum concentrate, a rare metal widely used in the consumer electronics industry and producer of morganite, a rare gemstone.

The Jersey based company was formed in 2001 for the purpose of funding the development and exploration of mineral titles in Mozambique. Noventa currently holds several mining and exploration licences and is already operating its Marropino mine. Full production from the Morrua mine is planned for 2009.

The Group intends to use its potentially large tantalum deposits and its low cost base to take advantage of an opportunity that has presented itself in the global tantalum supply chain and to exploit the opportunity of extracting morganite and other gemstones simultaneously with tantalum concentrate. The Group’s strategy is designed to enable it to become one of the world’s largest and lowest cost industrial scale suppliers of tantalum concentrate and to develop its deposits of morganite into a significant revenue stream.

Noventa has a strong and experienced management team with a demonstrable track record. View full directors and management information.

Noventa has a long term off-take agreement in place for sale of substantial proportion of tantalum concentrate and a supply agreement with a leading jewellery company, for cutting, polishing and marketing of morganite.