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MEYA MINE P.E.A. SPARKS BRIGHT FUTURE FOR TRUSTCO’S MINING PORTFOLIO

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Windhoek, Khomas, Namibia, 3rd Sep 2024 – Trustco Group Holdings Limited (TTO.SJ), listed on the Namibian Stock Exchange (NSX), the Johannesburg Stock Exchange (JSE), and the OTCQX Best Market, is pleased to announce NI 43-101 Technical Report for the Meya Diamond Mine Project, Sierra Leone (the “Technical Report”). The Technical Report, dated 26 August 2024 with an effective date of 19 August 2024, was prepared at a Preliminary Economic Assessment (PEA) level. The PEA indicates favourable economic potential with a post-tax Internal Rate of Return (IRR) of 65% and a post-tax Net Present Value (NPV) of United States Dollar (USD) 95.1 million at a 10% discount rate over a 7-year life of mine.

Quinton Z van Rooyen, Trustco’s Deputy CEO

Quinton Z van Rooyen, Trustco’s Deputy CEO, commented on the PEA results: “The positive outcome of this PEA marks a significant milestone for Trustco’s mining portfolio and validates our strategic investment in Meya Mining. With an impressive IRR and substantial NPV, the Meya Mine project not only demonstrates its robust economic potential but also underscores our commitment to creating long-term value for our investors. We are particularly excited about the opportunities for resource expansion, given that this PEA covers only a fraction of our licensed area.”

The Technical Report evaluates the potential viability for underground mining of the Meya River domain using the Long Hole Open Stoping (LHOS) method. It applies Tomra sorting technology to eliminate run of mine waste rock from the diamond-bearing kimberlite prior to treating the material through a dense media separation (DMS) plant. The process plant includes a series of Tomra XRT units to recover large diamonds, as the Meya Project has demonstrated the potential for producing large stones.

Geological studies have revealed the presence of high-quality diamonds within the Meya River kimberlite dyke system, including a significant proportion of valuable Type IIa diamonds. Core 
drilling and sampling completed through June 2024 have provided the foundation for the maiden mineral resource estimate. The economic analysis projects positive cashflows throughout the project’s life, with peak cashflows anticipated in the middle years of operation.

It is important to highlight that this technical report covers only a 1.3 km portion of the Meya River domain’s 2.8 km strike length down to 800m below the surface, representing less than 3% of the license area’s intrinsic geo-economic potential. With at least 16 additional domains yet to be evaluated, there are significant opportunities for resource expansion and optimization of mining methods in the coming years.

Meya Mining intends to continue the resource development campaign on the remaining domains, with the aim to add additional resources on an annual basis over the remaining 20-year license period. The Meya River domain provides a solid cornerstone from which the mine will continue to expand. The mine is expected to reach steady-state commercial production during the forthcoming financial year.

In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Sean Duggan, Pri.Sci.Nat., M.Sc., Principal Mineral Resource Analyst and Director of Z Star Mineral Resource Consultants, has authored Section 14, as well as relevant content in Sections 1, 25, 26, of the Technical Report as a Qualified Person. Mr Duggan has approved the Resource Estimate and its inclusion in this announcement, confirming the estimate is in accordance with the SAMREC reporting code.

In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Casey Hetman, P. Geo., M.Sc., corporate consultant/practice leader of the mining and geology SRK Consulting (Canada) Inc. in Vancouver, has authored Sections 4, 5, 6, 7, 8, 9, 10, 11, 12, 23, 24, as well as relevant content in Sections 1, 25, 26, References, and Date and Signature of the Technical Report as a Qualified Person and has reviewed the inclusion of the summary of the Report in this announcement. The Technical Report was authored in accordance with the NI 43-101 reporting code.

In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Philip John Rider, Pr.Eng., MIMMM, B.Sc., has authored Sections 13.1 to 13.6 and 13.8 of the Technical Report, as well as relevant content in Sections 1, 25, 26, References, and Date and Signature of the PEA as a Qualified Person and has reviewed the inclusion of the summary of the Report in this announcement. The Technical Report was authored in accordance with the NI 43-101 reporting code.

In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Jarek Jakubec, C.Eng., FIMMM, M.Sc., corporate consultant/practice leader of the mining and geology SRK Consulting (Canada) Inc. in Vancouver, has authored Sections 3, 12, 15, 16, 19, 21.1.1, 21.2.1, 22, as well as relevant content in Sections 1, 25, 26, of the Technical Report as a Qualified Person and has reviewed the inclusion of the summary of the Report in this announcement. The Technical Report was authored in accordance with the NI 43-101 reporting code.

In accordance with paragraph 12.12(a)(i) of the Listings Requirements, Molojwa Bennett Herbet Keikelame, Pr.Eng. SAIMM, B.Sc., has authored Sections 16.7, 17, 21.1.2, and 21.1.3 of the Technical Report, as well as relevant content in Sections 1, 25, 26, References, and Date and Signature of the PEA as a Qualified Person and has reviewed the inclusion of the summary of the Report in this announcement. The Technical Report was authored in accordance with the NI 43-101 reporting code.

Trustco’s investment in mining was initiated in 2015 with the strategic objective of diversifying Trustco’s investment holdings into the natural resources sector. It aims to generate USD returns, acting as an internal hedge against potential macroeconomic impacts on the group’s traditional markets in Namibia and South Africa. While the mining mandate encompasses building a diversified mining portfolio, the primary focus remains on unlocking the full economic potential of its diamond assets, as Meya Mining’s mining license area has yielded five of the world’s largest stones recovered. Trustco holds a 19.5% equity stake in Meya Mining and a loan receivable from Meya of USD 46 million. The combined value of Trustco’s investment in Meya Mining is reflected in Trustco’s financial statements at approximately USD 110 million.

The NI 43-101 Independent Technical PEA Report is available at https://tinyurl.com/yvy8p6xs. With the ongoing development of Meya Mining, Trustco continues to demonstrate its ability to position itself for continued high growth success in its mining portfolio. Trustco’s strategic investment in Meya Mining is set to yield sparkling returns for years to come.

About Trustco:

Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, which manages a diverse portfolio of investments spanning the insurance, real estate, non-deposit taking financial services, micro-finance, education, and mining sectors. Decisions are biased towards generational investment performance alongside shareholder wealth creation, and short-term hurdles are viewed as catalysts for future growth.

Since inception in 1992, Trustco’s investment portfolio has delivered strong returns with a CAGR of 68.97%, with a well-balanced asset mix, with a current average weighting of 34% in US Dollar based assets, while the remaining 66% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets. Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.

About Namibia:

Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects.The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.

The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.

Forward-Looking Statements:

All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, including statements regarding Trustco’s plans to upgrade its ADR program and the results of such an upgrade, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

 

Media Contact

Organization: Trustco Group Holdings

Contact Person: Neville Basson

Website: https://www.tgh.na

Email: Send Email

Contact Number: +264612754501

Address: 2 Keller Street, Trustco House

Address 2: Windhoek

City: Windhoek

State: Khomas

Country: Namibia

Release Id: 03092416482

The post MEYA MINE P.E.A. SPARKS BRIGHT FUTURE FOR TRUSTCO’S MINING PORTFOLIO appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Entrepreneur-Turned-Actor Tariq Khatri Gears Up for Dual Bollywood and Hollywood Debuts

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8 hours ago

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October 9, 2024

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  Bandra-based business leader transitions to acting, bringing his dynamic skills to the international film stage

Los Angeles, CA – Tariq Khatri, a 27-year-old entrepreneur from Bandra, is set to make his mark on the global film industry with his upcoming debuts in both Bollywood and Hollywood. This bold shift from his successful business career to the world of acting positions him as an exciting new talent with a unique blend of business acumen and creative passion.

From Business Ventures to Cinematic Dreams

Tariq Khatri has built an impressive business career, leading large-scale infrastructure projects. His entry into the film industry, however, signals a new direction fueled by a lifelong passion for storytelling. Having managed significant ventures in the corporate world, Tariq is now channelling those skills into acting, approaching the craft with the same drive and focus that defined his business career.

In a recent statement, he shared his enthusiasm for this new chapter: “I’ve always been drawn to the world of cinema, and I’m excited to bring my experiences and perspective into acting. It’s a new challenge, but one I’m fully committed to.”

Bollywood Breakthrough and Hollywood Crossover

Tariq’s Bollywood debut is set for release next year in a highly anticipated film. While details of the project remain confidential, it involves collaboration with top-tier directors and actors in the Indian film industry. The film is expected to highlight Tariq’s versatility and bring fresh energy to the Bollywood scene, where he hopes to leave a lasting impression.

At the same time, Tariq is preparing for his Hollywood debut, starring in an international film with cross-cultural themes. This project aims to bridge the storytelling approaches of both Bollywood and Hollywood, making it a unique cinematic endeavour. The film will explore global issues, bringing together audiences from different cultural backgrounds, a feat that Tariq is particularly excited about due to his international business background.

A Fitness Advocate and Social Leader

Beyond his career in both business and acting, Tariq remains dedicated to fitness and wellness. He shares regular content on his social media platforms, promoting both physical and mental health. His focus on fitness, including bodybuilding and martial arts, reflects his disciplined approach to life, which is evident in all aspects of his personal and professional endeavours.

In addition to acting and fitness, Tariq is a passionate advocate for youth empowerment and entrepreneurship. Through various initiatives, he aims to give back to the community that has played a significant role in his growth. By encouraging young people to pursue their passions and break barriers, he continues to inspire the next generation of leaders.

What’s Next for Tariq Khatri?

As Tariq Khatri embarks on this exciting new journey in film, he brings with him a wealth of experience, determination, and an entrepreneurial mindset. His commitment to excelling in the world of acting, coupled with his dedication to social causes, ensures that his impact will reach far beyond the screen.

Fans and industry professionals alike are eager to see what lies ahead for Tariq, whose dual Bollywood and Hollywood roles mark the beginning of what is sure to be a remarkable career in the entertainment world.

To follow Tariq Khatri’s journey from business mogul to global cinema star, connect with him through his official social media channels:

Media Contact

Tariq Khatri

888-888-8888

Tariqk2011@yahoo.com

 

 

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Press Release

Zerbe Retirement Community: Over 60 Years of Compassionate Senior Care in Lancaster County, PA

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10 hours ago

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October 9, 2024

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Since 1958, Zerbe Retirement Community has been a cornerstone of compassionate senior care, offering a continuum of living options for retirees across Lancaster County. As a family-owned and operated community, Zerbe Retirement Community prioritizes the well-being and dignity of its residents, providing a homelike environment with comprehensive services. With a 60-acre campus nestled in northeastern Lancaster County, residents enjoy the benefits of rural living, complemented by easy access to surrounding urban amenities. 

Zerbe Retirement Community offers three core levels of care, ensuring that each resident receives the personalized support they need while enjoying the comforts of community living. The wide range of services spans from independent living to skilled nursing, ensuring that residents can continue to call Zerbe home as their needs evolve. 

Independent Living at Woodland Heights 

Woodland Heights, Zerbe’s premier independent living option, caters to individuals aged 55 and older who desire an active, maintenance-free lifestyle. This vibrant neighborhood of spacious homes is designed for individuals who want to embrace their independence while remaining part of a caring community. 

Residents enjoy one-floor living with plenty of opportunities to connect with neighbors through leisurely walks, bike rides, and social activities. The freedom to lead a self-sufficient life is a key feature of Woodland Heights, allowing residents to make the most of their retirement years.  

Personal Care at Harvest View 

Zerbe Retirement Community offers personal care services at Harvest View for those needing additional assistance with daily activities. Designed for residents who require moderate support, Harvest View ensures that a dedicated team of trained professionals meets all personal care needs. These services help with daily tasks such as bathing, dressing, and medication management while fostering a sense of dignity and independence. 

Harvest View stands out for its emphasis on comfort, creating a homelike environment where residents can enjoy their day-to-day lives. Residents are encouraged to participate in community activities, promoting both mental and physical well-being. The dedicated staff is available around the clock, ensuring each individual receives the attention and care they need to maintain a high quality of life. 

Skilled Nursing Care at Zerbe Sisters Nursing Center 

At the heart of Zerbe Retirement Community’s service offerings is the Zerbe Sisters Nursing Center, where residents receive 24/7 skilled nursing care. The nursing center provides comprehensive healthcare services, including long-term care, short-term rehabilitation, and hospice care, all in a nurturing environment. Residents benefit from the compassionate attention of licensed healthcare professionals who work diligently to meet their medical and personal needs. 

The Zerbe Sisters Nursing Center has earned a prestigious “High Performance” rating from U.S. News & World Report, placing it among the top-rated skilled nursing facilities in the country. This accolade reflects the facility’s commitment to providing superior care, ensuring that residents live in comfort and dignity. 

Short-Term Rehabilitation Services 

Zerbe Retirement Community also offers short-term rehabilitation services for individuals recovering from surgery, illness, or injury. These rehabilitation programs are designed to help residents regain strength, mobility, and independence, with a focus on physical, occupational, and speech therapies. The rehabilitation team works closely with residents and their families to create personalized treatment plans, ensuring a smooth transition back to their daily lives. 

A Family-Centered Approach 

What truly sets Zerbe Retirement Community apart from other senior living communities is its family-centered approach to care. From the founding days of the Zerbe Sisters Nursing Center over 60 years ago, the community has remained committed to treating every resident as part of the extended Zerbe family. The staff’s warmth, compassion, and personalized attention create a nurturing environment where residents feel valued and respected. 

Zerbe Retirement Community emphasizes the importance of holistic care, offering various activities and amenities to enrich residents’ lives. From social gatherings and recreational activities to access to local attractions, residents are encouraged to stay engaged and enjoy the full spectrum of life. 

Continuing Care for a Worry-Free Future 

Zerbe Retirement Community’s unique continuum of care model ensures that residents can transition seamlessly between different levels of care as their needs change. This comprehensive approach allows residents to age in place without the need to relocate to a different facility, giving them peace of mind knowing that they will always be part of the Zerbe family. 

Whether individuals are looking for independent living, personal care, skilled nursing, or rehabilitation services, Zerbe Retirement Community offers a variety of options to suit their needs. With its focus on quality care, family values, and community connection, Zerbe continues to be a trusted choice for senior living in Lancaster County. 

About Zerbe Retirement Community 

Founded in 1958, Zerbe Retirement Community is a family-owned and operated senior living community in northeastern Lancaster County, PA. Offering a continuum of care, including independent living, personal care, skilled nursing, and short-term rehabilitation, Zerbe is committed to providing compassionate, high-quality care in a homelike environment. With a strong emphasis on family values and resident-centered care, Zerbe Retirement Community has become a trusted name in senior living, ensuring every resident feels like part of the family. 

Media Contact

Organization: Zerbe Retirement Community

Contact Person: Dan Caffrey

Website: http://zerbesisters.com/

Email: Send Email

Contact Number: +17174454551

Address: 2499 Zerbe Rd, Narvon PA 17555

Country: United States

Release Id: 09102418220

The post Zerbe Retirement Community: Over 60 Years of Compassionate Senior Care in Lancaster County, PA appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Fotona UK & Ireland at CCR London 2024

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10 hours ago

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October 9, 2024

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Fotona UK & Ireland, pioneers in medical and aesthetic laser technology, are proud to announce their participation in the upcoming CCR London event, set to take place at the ExCeL Centre on Thursday, 10th and Friday, 11th October. Renowned as one of the UK’s premier gatherings for the medical aesthetics industry, CCR (Clinical, Cosmetic, Regenerative) has long been the hub for innovation, cutting-edge research, and the latest advancements in aesthetic and regenerative medicine. This year’s event promises to bring together various professionals, including leading surgeons, practitioners, clinic owners, and industry suppliers.

Fotona, recognised globally for its breakthrough technologies in aesthetic and dental laser systems, will exhibit at Stand C20. Attendees are invited to explore Fotona’s advanced laser systems, revolutionising how clinics deliver treatments to their patients, taking results to the next level. Fotona’s laser technology is the leader in quality, safety, and efficacy, with treatments ranging from skin rejuvenation and scar revision to hair restoration, acne and rosacea treatments and much more.

This year’s CCR event is particularly special for Fotona, as it marks 60 years of Fotona in the laser industry.  A highlight of the event will be an exclusive talk by Dr. Tanja Philips in the Symposium Theatre on Friday, 11th October, from 11:15 AM to 11:45 AM. In this highly anticipated session, Dr. Phillips will share her expertise on “starting in a single room clinic to developing multiple successful practices.” Clinic owners and practitioners alike will benefit from Dr. Phillips’ years of hands-on experience, learning how to transition their practice from a modest one-room operation into a thriving multi-room clinic. This talk is especially important for those looking to expand their business while maintaining top-tier patient care and high quality service delivery.

 CCR has a long, distinguished history, sharing the brightest minds in the medical aesthetics and regenerative  fields educating all those who attend. Since its inception, CCR has been a cornerstone for professional development and networking, providing a platform for experts to exchange knowledge and insights. From live demonstrations and workshops to panel discussions and symposiums, CCR London offers an unmatched opportunity to stay at the forefront of the industry. For those in the aesthetic medical community, the event provides an invaluable opportunity to gain insight into the industry’s future, whether through technological innovations, regulatory updates, or business growth strategies.

For attendees looking to grow their clinic’s business and expand treatment offerings, visiting Fotona at Stand C20 is a must. The Fotona team will be on hand to discuss how their marketing solutions can complement Fotona’s cutting-edge technologies to drive patient growth and retention. 

Fotona has worked closely with a marketing company to ensure clinic owners benefit from industry-leading equipment like the Fotona SP Dynamis and have the marketing support needed to reach their target audience effectively. By combining advanced laser technology with a proven marketing strategy, clinics are well-positioned to offer high-quality treatments while growing their client base and increasing their clinic’s profitability.

Don’t miss the opportunity to connect with the Fotona UK & Ireland team at Stand C20, where the latest innovations in aesthetic laser treatments will be on full display. Whether you’re looking to integrate the newest technology into your clinic or seeking expert advice on scaling your practice, this is the perfect chance to gain invaluable insights from industry leaders.

For further information and to register for the event, visit Fotona UK & Ireland at Stand C20 at CCR London, ExCeL Centre, on the 10th and 11th of October 2024.

Media Contact

Organization: Fotona UK & Ireland

Contact Person: Elisabeth Thorhallsdottir

Website: https://fotonauk.co.uk

Email: Send Email

Contact Number: +441182300747

Address: 14 Winchester Rd

City: Hampshire

Country: United Kingdom

Release Id: 09102418224

The post Fotona UK & Ireland at CCR London 2024 appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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