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WITH the Eritrean mining industry remaining in limbo, shares in Sub-Sahara Resources plummeted over 40% in early trade and led the junior to cancel a planned capital raising and cast its eyes southward to Tanzania where it’s acquiring a new polymetallic project.
Shares in the junior slumped 2.5c to 3.5c after it resumed trading following last week’s shock directive from the Eritrean government to suspend exploration. Sub-Sahara had been hoping to raise $1.
Big miner is increasingly active on the exploration front
West Africa an improved opportunity
West Africa an improved opportunity
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