Minemakers Hopes to Start Work at Baobab Project Before End of Year

Mining Weekly reported that Minemakers Ltd. (ASX:MAK) announced that it hopes to begin bulk sampling at its newly acquired Baobab project in Senegal before the end of 2015, following shareholder approval of deal.
As quoted in the market news:

In April this year, Minemakers announced that it would acquire the Baobab project from shareholder Agrifos in exchange for 100-million Minemakers shares, 80-million unlisted options, at an exercise price of 25c each, and a further 80-million contingent shares, which could be vested on the reaching of two separate milestones.
Minemakers MD Cliff Lawrenson told Mining Weekly Online that Minemakers had been involved in the Baobab project since early 2014, undertaking geological work on behalf of Agrifos. Keeping in mind that the company was hoping to discover a deposit that would support a production rate of some 500 000 t/y of rock phosphate, at low margins, Minemakers in November of last year made a significant enough discovery to warrant a closer look.

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