AI-Media and Middleman Announce Ad Insertion Partnership

Middleman and AI-Media Enter New Ad Insertion Partnership

Middleman and AI-Media Enter New Ad Insertion Partnership

BROOKLYN, N.Y., Aug. 31, 2023 (GLOBE NEWSWIRE) — AI-Media, and Middleman Software, Inc., a leading provider of SCTE 104 and 35 messaging solutions, have joined forces to offer broadcasters a powerful, unified SCTE 104/35 messaging solution for live production workflows.

AdIT: Middleman Software’s AdIT Live revolutionizes the generation of SCTE 104 and 35 messages in real-time, enabling monetization of direct-to-stream live events where a playout automation system is not required.

Alta: AI-Media’s Alta Caption Encoder Software integrates live closed captioning, subtitling, and SCTE 104/35 message injection into live IP video production environments, making it a natural choice for broadcasters.

Simplified Architecture

Through the seamless integration of AdIT Live and Alta, broadcasters can automatically generate and inject any SCTE 104 and 35 messages directly into ST 2110 and MPEG transport streams, alongside closed captioning and subtitling data. No additional components in the signal chain are required.

Multiple Profiles in a Single Stream

AdIT Live and Alta Software support the entire SCTE 104/35 standard, offering advanced capabilities that empower broadcasters. One notable feature is the ability to route multiple “streams” of distinct SCTE 104/35 messages to individual recipients via the same video stream by leveraging DPI PID index values to identify unique services, ensuring efficient and parallel distribution without wasted bandwidth.

This joint solution simplifies and enhances live production workflows to provide broadcasters unprecedented control and flexibility to maximize advertising revenue at scale.

Middleman’s CEO James Heliker stated: “We are thrilled to partner with AI-Media to deliver a comprehensive and modern solution for SCTE 104/35 messaging for live production. Our collaboration sets a new benchmark for the industry, empowering broadcasters with advanced control, flexibility, and monetization capabilities in their live productions.”

Bill McLaughlin, Chief Product Officer, AI-Media, commented about the partnership: “Our Alta systems have gained significant popularity among traditional large broadcast networks and world-leading OTT sports channels due to their unique flexibility in injecting real-time SCTE triggers into compressed or SMPTE-2110 workflows. However, many of our customers struggle to fill these trigger messages with detailed live data from other sources of business intelligence.

To address this challenge, we have partnered with Middleman to incorporate their AdIT system to offer an integration layer that optimizes the automation and content monetization advantages of a complete end-to-end SCTE-35 solution. By combining AdIT with Alta, the triggering system can transcend traditional on/off signalling, unlocking a multitude of possibilities. We look forward to working with Middleman on this and future collaborations.”

About AI-Media

Founded in Australia in 2003, technology company AI-Media is a global leader in live and recorded captioning, transcription and translation solutions. The company helps the world’s leading broadcasters, enterprises and government agencies ensure high accuracy, secure and cost-effective captioning via its AI-powered LEXI automatic captioning solution. LEXI captions are delivered to millions of screens worldwide via AI-Media’s range of captioning encoders and its iCap Cloud Network – the world’s largest, most secure caption delivery network. Globally, AI-Media delivers over 8 million minutes of live and recorded media monthly. AI-Media trades on the Australian Stock Exchange (ASX:AIM. For more information, please visit AI-Media.tv.

About Middleman

Since its inception in 2017, Middleman Software, Inc. has been at the forefront of revolutionizing media workflows through automation. The company has emerged as a leading provider of advanced ad monetization technologies, delivering cutting-edge capabilities to major networks and station groups. Their flagship product, AdIT, automates the generation of SCTE 104 and 35 messages so broadcasters can seamlessly implement frame-accurate dynamic ad insertion on their OTT feeds. With AdIT, broadcasters experience significantly increased revenues without disrupting existing broadcast operations. To learn more about Middleman Software, Inc. and AdIT, please visit Middleman.tv.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5845b76f-8bf0-4aae-a882-c1bf42246f57

Media Contact:
Fiona Habben
Senior Marketing Manager – Global
Fiona.habben@ai-media.tv

GlobeNewswire Distribution ID 8914123

Lifezone Metals Reports Completion of Tembo Zone Infill Drilling at the Kabanga Nickel Project with 41 m Intersect at 2.07% Ni, including 16.4 m at 2.77% Ni

Infill Drilling Continues at North Zone Intersecting 52.0 m at 2.37% Ni, including 39.8 m at 3.03% Ni; Safari Link Drill Plan Connecting Tembo and Safari Zones to Commence in September 2023

New York (United States), Dar es Salaam (Tanzania), Aug. 31, 2023 (GLOBE NEWSWIRE) — Lifezone Metals Limited (“Lifezone Metals” or the “Company”) (NYSE: LZM), a modern metals company creating value across the battery metals supply chain from mine to metals production and recycling, is pleased to announce an update on its resource definition drilling programme at its Kabanga Nickel project (“Kabanga”) in North-West Tanzania. The Kabanga Nickel project is owned jointly by Lifezone Metals, through its subsidiary Kabanga Nickel Ltd (“KNL”) and BHP Billiton (UK) DDS Limited (“BHPB”), forming Tembo Nickel Corporation Limited (“TNCL”), the operating entity, together with the Government of Tanzania.

Infill and extensional drilling at the Tembo Zone, which will support an upcoming Mineral Resource estimate (“MRE”) and the Definitive Feasibility Study (“DFS”), was successfully completed in July 2023 using four diamond drill rigs on average. Tembo Zone drilling completed from 2021 through July 2023 (see Figure 1) by TNCL comprised of 49 holes, resulting in a total of 23,748 m of diamond drill core available for geological logging and sampling. A further nine holes for a total of 2,596 m were drilled at the Tembo Zone for metallurgical sampling, plus six geotechnical holes (2,312 m) to support the ongoing DFS. Drill core was logged to capture geological and geotechnical features in the on-site drillhole database, and samples were submitted for analysis to SGS’s laboratory in Mwanza, Tanzania.

Highlights from Tembo Zone drilling includes:

  • Hole KL22-10 intersected 41 m at 2.07% Ni, 0.39% Cu, and 0.16% Co, (2.67% NiEq23[1]), including 16.4 m at 2.77% Ni, 0.45% Cu, and 0.23% Co, (3.59% NiEq23),
    (see 
    Figure 4 and Figure 5).
  • Hole KL22-12 intersected 39.6 m at 2.04% Ni, 0.37% Cu, and 0.13% Co, (2.55% NiEq23), including 19.9 m at 2.83% Ni, 0.44% Cu, and 0.19% Co, (3.53% NiEq23),
    (see 
    Figure 6 and Figure 7); and
  • Hole KL21-01 intersected 29.7 m at 1.94% Ni, 0.29% Cu, and 0.16% Co, (2.51% NiEq23), including 17.0 m at 2.42% Ni, 0.38% Cu, and 0.21% Co, (3.15% NiEq23).

Lifezone Metals’ CEO, Chris Showalter said: “Even after years of exploration and >620 km of drilling to date, the Kabanga orebody continues to showcase its quality differential with world-class nickel grades. The most recent infill drilling at the Tembo Zone ensures we can progress towards an updated Mineral Resource estimate, which is crucial for the Definitive Feasibility Study and ultimately support the mine plan.”

Please refer to the Figure in the Press Release as attached or on our website at Lifezone Metals – News – Press Releases 

Figure 1 Oblique Long Section of Kabanga Project Mineralisation Zones showing Drilling Eras and Mineralised Intercepts >0.58% NiEq23
(looking north-west)

Infill drilling continues at the North Zone, with five diamond drill rigs in operation since late‑June 2023. Three holes have since been completed and seven are underway (two currently pre-collared only) for a total of 6,626 m of drill core (to 18 August 2023).

Recent highlights from the North Zone infill drilling includes:

  • Hole KN22-03 intersected 52.0 m at 2.37% Ni, 0.25% Cu, and 0.14% Co, (2.85% NiEq23), including 39.8 m at 3.03% Ni, 0.32% Cu, and 0.18% Co, (3.65% NiEq23); and
  • Hole KN22-01A intersected 27.7 m at 2.56% Ni, 0.32% Cu, and 0.22% Co, (3.29% NiEq23).

Gerick Mouton, COO added: “We are working well on the ground with the rigs and local laboratories, and I am pleased to see this package of work for the Tembo Zone infill drilling campaign come together. With these intersects and grades on both Tembo and North Zones it undoubtably underscores Kabanga’s immense quality. Other ongoing drilling activities, undertaken by four additional rigs, relate to surface and mine geotechnical and hydrological drilling supporting the DFS designs and water balance.”

Since December 2021, TNCL has completed 82 holes for more than 35 km of diamond core drilling at Tembo, North, and Safari (to 18 August 2023).

All field work since December 2021 has been conducted on Special Mining Licence ‘SML 651 / 2021’.

Table 1 shows composites of assay results received to 18 August 2023 from drilling completed by TNCL since late-2021, with a lower cut-off of 0.58% NiEq23.

Table 1 Composited Assay Results >0.58% NiEq23 for Holes Drilled between
2021–18 August 2023

BHID From To Length Ni Cu Co S Density NiEq23 NiEq23 x length
#
(m) (m) (m) (%) (%) (%) (%) (g/cm3)
*
(%)
TEMBO ZONE
KL22-10 361.0 402.0 41.0 2.07 0.39 0.16 3.93 2.67   110
..includes 363.0 364.0 1.0 0.65 0.07 0.01 2.85 0.70  
365.0 373.0 8.0 1.29 0.45 0.06 3.29 1.65  
373.8 380.8 7.0 2.67 0.44 0.20 4.37 3.40  
381.8 398.2 16.4 2.77 0.45 0.23 4.62 3.59  
KL22-12 383.0 422.6 39.6 2.04 0.37 0.13 3.92 2.55   101
..includes 385.0 393.4 8.4 1.44 0.44 0.06 3.24 1.78  
397.7 417.6 19.9 2.83 0.44 0.19 4.66 3.53  
418.3 419.6 1.2 1.45 0.26 0.10 3.89 1.83  
KL21-01 367.2 396.9 29.7 1.94 0.29 0.16 3.00 2.51   74
..includes 370.2 376.3 6.1 2.40 0.28 0.21 3.00 3.10  
376.9 393.9 17.0 2.42 0.38 0.21 3.00 3.15  
KL22-14 292.3 321.0 28.7 1.94 0.29 0.16 4.10 2.49   72
..includes 295.3 304.2 8.9 1.95 0.30 0.14 4.29 2.47  
304.9 317.9 13.1 2.53 0.37 0.21 4.59 3.27  
KL22-01 367.0 395.5 28.5 1.61 0.24 0.14 3.00 2.10   60
..includes 369.0 369.3 0.3 1.76 0.11 0.19 3.00 2.34  
371.3 371.6 0.4 0.59 0.08 0.07 3.00 0.82  
371.9 372.7 0.7 0.69 0.56 0.08 3.00 1.14  
373.0 391.6 18.7 2.27 0.33 0.20 3.00 2.97  
391.9 392.5 0.6 2.04 0.18 0.18 3.00 2.62  
KL21-02 572.3 596.0 23.7 1.80 0.25 0.17 3.00 2.37   56
..includes 572.0 572.3 0.3 1.57 0.07 0.12 3.00 1.93  
572.3 574.3 2.0 0.65 0.15 0.00 3.00 0.72  
575.3 575.7 0.4 0.80 0.15 0.06 3.00 1.02  
576.3 593.6 17.3 2.31 0.31 0.23 3.00 3.08  
316.3 333.4 17.1 2.24 0.30 0.21 3.00 2.94  
335.4 335.5 0.1 2.49 0.23 0.21 3.00 3.17  
KL22-13 398.3 421.3 23.0 1.73 0.27 0.11 3.89 2.14   49
..includes 383.0 384.0 1.0 0.59 0.19 0.01 2.86 0.70  
384.8 386.3 1.5 0.69 0.58 0.02 3.06 0.97  
387.0 398.3 11.3 2.44 0.39 0.17 4.46 3.07  
398.3 413.2 14.9 2.21 0.34 0.14 4.33 2.74  
416.8 418.3 1.6 1.50 0.17 0.12 3.56 1.88  
KL22-11A 433.2 464.0 30.8 1.08 0.16 0.09 3.54 1.40   43
..includes 436.2 437.9 1.7 2.39 0.19 0.20 4.46 3.01  
446.1 457.0 10.9 1.87 0.24 0.16 4.13 2.40  
459.0 461.0 2.0 0.64 0.07 0.05 3.27 0.82  
KL22-20 321.6 340.6 19.0 1.65 0.23 0.11 3.65 2.04   39
..includes 325.6 337.6 12.0 2.19 0.29 0.15 4.13 2.72  
KL22-09 221.3 241.0 19.7 1.43 0.27 0.12 3.74 1.87   37
..includes 224.3 236.0 11.7 2.02 0.36 0.17 4.19 2.63  
KL22-11 430.0 457.0 27.0 1.07 0.16 0.07 3.44 1.32   36
..includes 434.6 436.6 2.0 0.71 0.19 0.06 3.39 0.96  
437.5 440.3 2.8 2.73 0.20 0.19 4.53 3.33  
441.0 448.0 7.0 1.50 0.22 0.10 3.76 1.86  
449.0 452.3 3.3 1.08 0.19 0.02 3.43 1.23  
KL23-23 644.3 667.7 23.4 1.18 0.13 0.08 11.73 3.24 1.47   34
..includes 647.3 663.4 16.1 1.54 0.16 0.11 15.22 3.42 1.90  
679.0 682.0 3.0 0.71 0.06 0.04 3.77 2.73 0.84  
KL22-04 485.4 510.0 24.6 0.96 0.16 0.10 3.66 1.31   32
..includes 488.4 502.0 13.6 1.38 0.22 0.15 4.06 1.89  
KL22-23 274.4 296.0 21.6 0.96 0.12 0.08 3.09 1.22   26
..includes 276.8 286.0 9.3 1.50 0.19 0.12 3.48 1.91  
288.0 290.1 2.1 0.90 0.10 0.07 3.06 1.15  
291.9 292.2 0.3 1.97 0.11 0.15 3.77 2.42  
KL23-21 675.2 693.1 17.9 1.12 0.13 0.08 12.03 3.35 1.40   25
..includes 678.2 688.5 10.3 1.69 0.17 0.13 18.22 3.48 2.12  
KL22-08 221.0 242.4 21.4 0.86 0.16 0.08 3.54 1.15   25
..includes 224.0 225.8 1.8 1.53 0.24 0.16 4.34 2.08  
226.3 237.4 11.1 1.11 0.21 0.11 3.79 1.49  
KL22-03 578.5 591.1 12.6 1.45 0.22 0.15 3.00 1.94   24
..includes 580.5 591.1 10.6 1.71 0.25 0.17 3.00 2.29  
591.6 593.0 1.4 1.03 0.29 0.11 3.00 1.44  
KL22-17 270.7 288.5 17.8 0.98 0.17 0.08 3.43 1.28   23
..includes 272.7 285.5 12.8 1.23 0.21 0.10 3.63 1.61  
KL22-05 428.5 445.1 16.6 0.84 0.18 0.08 3.44 1.14   19
..includes 431.5 434.6 3.1 1.93 0.28 0.19 4.57 2.57  
436.6 438.6 2.0 0.70 0.14 0.07 3.38 0.94  
439.6 442.1 2.5 0.76 0.11 0.08 3.31 1.02  
KL23-01 291.5 305.5 14.0 1.03 0.14 0.08 3.20 1.32   18
..includes 295.2 301.8 6.6 1.73 0.18 0.14 3.64 2.19  
KL22-06 380.3 395.0 14.7 0.89 0.14 0.08 3.50 1.17   17
..includes 383.3 392.3 9.0 1.25 0.20 0.11 3.82 1.64  
KL22-19 431.0 445.0 14.0 0.66 0.09 0.04 2.97 0.80   11
..includes 433.5 436.6 3.1 1.01 0.12 0.05 3.09 1.19  
439.2 439.8 0.7 1.09 0.12 0.07 3.32 1.33  
442.3 443.1 0.9 2.64 0.16 0.17 4.22 3.17  
468.1 468.4 0.4 1.18 0.04 0.09 3.73 1.45  
KL23-02 279.0 288.7 9.7 0.93 0.10 0.05 2.97 1.11   11
..includes 283.1 285.7 2.6 2.22 0.24 0.12 3.74 2.66  
KL22-16 280.2 294.6 14.4 0.53 0.12 0.05 3.25 0.71   10
..includes 283.2 288.4 5.2 0.97 0.22 0.09 3.57 1.32  
KL22-15 192.0 203.5 11.5 0.50 0.10 0.04 3.15 0.66   8
..includes 195.3 196.6 1.3 1.93 0.45 0.16 4.09 2.55  
197.4 198.5 1.1 0.96 0.15 0.08 3.50 1.24  
KL22-24 324.0 330.8 6.8 0.63 0.10 0.02 2.93 0.72   5
..includes 326.8 327.8 1.0 2.54 0.25 0.05 4.20 2.78  
707.4 707.4 0.1 2.15 0.29 0.21 31.00 4.22 2.85  
708.3 709.1 0.8 2.33 0.30 0.22 31.00 4.31 3.07  
KL22-07 402.3 402.5 0.2 3.70 0.03 0.16 3.27 4.15   1
KL22-22 317.0 317.8 0.8 1.31 0.19 0.10 3.53 1.68   1
KL23-22 763.5 764.5 1.0 0.68 0.04 0.04 5.84 2.90 0.81   1
NORTH ZONE
KN22-03 238.0 290.0 52.0 2.37 0.25 0.14 3.00 2.85   148
..includes 239.0 240.0 1.0 1.10 0.11 0.02 3.00 1.20  
244.1 283.9 39.8 3.03 0.32 0.18 3.00 3.65  
KN22-01A 369.3 397.0 27.7 2.56 0.32 0.22 3.00 3.29   91
KN22-01 366.1 399.5 33.4 1.96 0.27 0.15 3.00 2.49   83
..includes 322.9 323.9 1.0 2.52 0.20 0.17 3.00 3.06  
360.0 360.5 0.5 19.16 0.59 0.79 3.00 21.58  
368.8 393.0 24.2 2.43 0.32 0.18 3.00 3.07  
393.5 396.5 3.0 1.93 0.29 0.19 3.00 2.58  
KN22-02 434.0 466.2 32.2 1.23 0.19 0.09 3.00 1.56   50
..includes 437.2 451.9 14.7 2.52 0.40 0.19 3.00 3.21  

* Default density of 3.0 g/cm3 used (along with sample length) for assay grade weighting where density results not yet returned from the laboratory
# Table sorted highest to lowest NiEq23 x Length of main composite interval per hole
Composited interval average grades weighted by sample length and density.
Main composite interval permitted to include individual samples <0.58% NiEq23 but only reported if entire interval meets cut-off of 0.58% NiEq23.
Sub-composite intervals break at samples <0.58% NiEq23.

Figure 2 TNCL Geologist Team Inspecting Drill Core from the Tembo Zone. From left to right: Jackline Bahati (Geologist), Innocent Ntabala (Senior Geotechnician), and Marry Mushi (Geologist)

Please refer to the Figure in the Press Release as attached or on our website at Lifezone Metals – News – Press Releases 

The current North Zone drilling programme is expected to be complete by mid-September 2023, after which focus will shift to a new drilling programme that has been developed for the currently untested zone between Tembo North and Safari, known as the Safari Link programme.

Drilling in Tembo North and Safari shows that the shallow mineralisation trend is open along strike. The Safari Link drilling programme aims to test for the presence of Tembo-style mineralisation, as signalled by airborne EM/magnetics and ground EM coverage, which shows no significant gaps along strike to the north-east of Tembo.

The Safari Link drilling programme, which covers a strike length of approximately 1.5 km and comprises 62 diamond core drillholes for approximately 34 km of drilling, has been approved by TNCL. This programme (see Figure 3) is expected to require approximately six months to complete with six diamond drill rigs and will proceed in three phases: the first of which will test the presence of mineralisation in the Safari Link Zone, and the subsequent phases will infill as required to increase confidence in the characteristics and volume of any mineralisation that is identified to enable its incorporation into subsequent geological modelling.

Please refer to the Figures in the Press Release as attached or on our website at Lifezone Metals – News – Press Releases 

Figure 3 Plan View showing Safari Link Planned Drilling Programme against backdrop of Kabanga Project Mineralisation Zones Drilling Eras and Mineralised Intercepts >0.58% NiEq23 (plan rotated 055°)

Figure 4 Core Photo showing Massive Sulfide Mineralisation in KL22-10
Mineralised Interval 376.14–389.48 m = 13.34 m at 2.56% Ni, 0.44% Cu, and 0.20% Co, (3.28% NiEq23) (includes 0.96 m of internal waste (<0.58% NiEq23) 380.82‍–‍381.78 m (shown by red arrows))

Figure 5 Core Photo showing Massive Sulfide Mineralisation in KL22-10
Mineralised Interval 389.48–398.18 m = 8.7 m at 2.77% Ni, 0.46% Cu, and 0.24% Co, (3.63% NiEq23) (end of mineralised interval shown by red arrow)

Figure 6 Core Photo showing Massive Sulfide Mineralisation in KL22-12
Mineralised Interval 397.7–410.94 m = 13.24 m at 2.84% Ni, 0.43% Cu and 0.19% Co, (3.54% NiEq23)

Figure 7 Core Photo showing Massive Sulfide Mineralisation in KL22-12
Mineralised Interval 410.94–417.57 m = 6.63 m at 2.81% Ni, 0.45% Cu, and 0.19% Co, (3.51% NiEq23) (end of mineralised interval shown by red arrow)

Figure 8 Jumbe Maulid (Geology Superintendent) from TNCL showing Massive Sulphide in Drill Core from Hole KN22-03 at North Zone, which intersected 52.0 m at 2.37% Ni, 0.25% Cu, and 0.14% Co, (2.85% NiEq23)

Additional Information Attached: Kabanga Geological History and MRE Overview

Qualified Person

The exploration results disclosed in this news release were prepared under the supervision of and approved by Ms. Sharron Sylvester, Member of the Australian Institute of Geoscientists (2512), and RPGeo (10125) in the fields of Mining and Mineral Resource Estimation. Ms. Sylvester is employed by OreWin Pty Ltd and engaged by Lifezone Metals Ltd. to act as independent Qualified Person for purposes of Subpart 1300 of Regulation S-K (“S-K 1300”) for the Kabanga project. She has appropriate qualifications and sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and has reviewed the technical and scientific data disclosed herein and conducted appropriate verification of the underlying data.

The Mineral Resource estimates discussed in this news release were first published in a Technical Report Summary (TRS) titled ‘Kabanga 2023 Mineral Resource’ dated 30 March 2023 and effective as at 15 February 2023. The reader is encouraged to review the 2023 Kabanga TRS, which is available as Exhibit 15.2 filed with LZM’s Form 20‑F on with the Securities and Exchange Commission’s EDGAR system (sec.gov) on 11July 2023and is available at the following link: https://sec.gov/Archives/edgar/data/1958217/000121390023030343/ff42023ex96-1_lifezone.htm

About Lifezone Metals 

Lifezone Metals (NYSE: LZM) is a modern metals company creating value across the battery metals supply chain from resource to metals production and recycling. Our mission is to provide commercial access to proprietary technology and cleaner metals production through a scalable platform underpinned by our tailored hydromet technology. This technology has the potential to be a cleaner and lower cost alternative to smelting, allowing us to responsibly and cost-effectively provide cleaner metals.

By pairing the Kabanga Project in Tanzania, which we believe is one of the largest and highest-grade undeveloped nickel sulphide deposits in the world, with our proprietary Hydromet Technology, we will work to unlock the value of a key new source of supply to global battery metals markets. We have a long-standing partnership with BHP on the Kabanga Project, with BHP having invested USD100 million, as we work to empower Tanzania to achieve full value creation in-country and become the next premier source of nickel.
www.lifezonemetals.com

Additional Information: Kabanga Geological History and MRE Overview  

Geology Overview

The Kabanga nickel deposit is located within the East African Nickel Belt (EANB), which extends approximately 1,500 km along a north-east trend from Zambia to Uganda.

The northern and central sections of the EANB are characterised by a thick package of Paleoproterozoic to Mesoproterozoic metasedimentary rocks, known as the Karagwe–Ankole Belt (KAB), within which occurs a suite of broadly coeval, igneous intrusions that correspond to the Kibaran tectonothermal event (1,350–1,400 Ma).

At the project area, the metasediments, which comprise pelites, sandstones, and quartzites, are overturned steeply dipping (70° to 80° to the west), with a north–north-east strike orientation (025°) from Main to North, changing to a north-east strike orientation (055°) from North to Safari (see Figure 9).

The potentially economic nickel-bearing massive sulfides are hosted within igneous chonoliths that are concentrically zoned with a gabbronorite margin and an ultramafic cumulate core. The project comprises six distinct sulfide mineralisation zones, namely (from south-west to north-east) Main, MNB, Kima, North, Tembo, and Safari, which occur over a strike length exceeding 7.5 km.

Kabanga sulfide mineralisation occurs both as:

  • Disseminated to net textured interstitial sulfides within the cumulate core zone of the chonoliths, as well as externally; and
  • Massive and semi-massive sulfide bodies along the side margins of the chonoliths.

The massive sulfides, which comprise dominantly pyrrhotite, with trace-to-15% pentlandite, account for the majority of the Mineral Resource estimates.

Please refer to the Figures in the Press Release as attached or on our website at Lifezone Metals – News – Press Releases 

Figure 9 Plan View Schematic of Geology of the Kabanga Area

Exploration/Drilling/History Overview

Exploration at Kabanga has been undertaken in several different phases spanning over 45 years, with more than 621 km of drilling having been completed in total over that time (see Table 2), less than 5% of which was on regional targets. The North and Tembo mineralised zones are the most densely drilled of all the mineralised zones identified to date.

The first drilling programme was undertaken by the United Nations Development Program (UNDP) between 1976 and 1979. Following a ten-year moratorium on foreign company exploration, Sutton Resources (Sutton) entered into several different joint ventures (JV) to explore between 1988–1999, after which Barrick Gold took over control of the project through the purchase of Sutton and progressed through several more drilling programmes independently and within JVs with Glencore. Several studies were completed from 2003 onwards, including scoping and prefeasibility studies, followed by an unpublished draft feasibility study undertaken by the Glencore–Barrick Gold JV in 2014. By the end of 2014, approximately 586 km of diamond drilling had been completed.

In 2019, Kabanga Nickel Ltd (KNL) acquired the project. KNL is jointly owned by LHL (83%) through its 100% entity, Lifezone Limited, with the remaining 17% directly owned by BHP Billiton (UK) DDS Limited (BHPB). KNL owns 84% of the project, with the remaining 16% held by the Government of Tanzania under the terms of a framework agreement.

Since December 2021, KNL has completed 82 holes for more than 35 km of diamond core drilling at Tembo, North, and Safari (up to 18 August 2023) (see Table 2).

Table 2 Holes Completed Since Project First Discovered (to 18 August 2023)

Years Company/Companies Metres Drilled Discovery (purpose)
1976–1979 UNDP Regional Exploration 20,068 Main
1991–1992 Sutton Resources 12,974 Main
1993–1995 Sutton–BHP JV 37,947 North
1997–1999 Sutton–Anglo American JV 56,227 North
2000–2004 Barrick Gold Corporation 39,931 MNB
2005–2008 Glencore–Barrick Gold JV 64,957
81,256
242,347
North Deep (Scoping Study 1)
Tembo (Scoping Study 2)
Safari / Kima (PFS)
2008–2009
2011–2012
2014
Glencore–Barrick Gold JV 21,368
5,303
3,320
North (draft FS)
Regional
Regional and Tembo North
2021–18/8/23 KNL 23,748
768
4,116
4,416
2,312
Tembo (infill and extension)
Safari (extension)
North (infill)
Tembo and North (metallurgical)
Tembo and North (geotechnical)
Total 621,058

All field work since December 2021 has been conducted on Special Mining Licence ‘SML 651 / 2021’ (see Figure 10 and Figure 11).

Permitting Overview

In Tanzania, minerals and natural resources are state owned and the rights to explore and mine minerals and to use natural resources are obtained from regulatory bodies defined in legislation that have a defined duration and are conditioned.

Mineral rights are held in the form of prospecting licences and mining licences. There are several types of prospecting licences and mining licences, depending on the nature of the minerals being mined and the size of the mine. A Special Mining Licence (SML) is the type of licence required for large scale mining operations (‘large scale’ being defined as those requiring a capital investment not less than US$100 million), and so this is the type of licence required for Kabanga.

Please refer to the Figures in the Press Release as attached or on our website at Lifezone Metals – News – Press Releases 

Figure 10 Location of the Project showing Tenements

Figure 11 Location of the Project showing Detail of SML 651 / 2021

Mineral Resources Overview

Ordinary kriged resource estimates were completed in 2008 as part of the Glencore–Barrick Gold JV prefeasibility study. A thorough independent technical audit of the database, QA/QC, and the resource estimates was completed in 2009. The final resource estimate updates were completed in 2010 following an infill drilling campaign. The 2010 estimates form the basis of the Glencore–Barrick Gold JV 2014 draft feasibility study (unpublished).

Check models were completed by KNL for North and Tembo in 2021 using the same drillhole database as the 2010 estimates with a different interpretation and modelling approach. The 2010 and 2021 models were validated and compared visually and statistically for all grade elements estimated and for density.

In March 2023, the current Mineral Resource estimates (see Table 3) were published in a Technical Report Summary under US SEC Regulation S‑K subpart 1300 rules for Property Disclosures for Mining Registrants (S‑K 1300) (effective date 15 February 2023). This is the first time the Kabanga Mineral Resource estimates have been reported under S‑K 1300 guidelines.

As the Kabanga North and Tembo zones contain multi element mineralisation, a nickel equivalent (NiEq) formula updated for current metal prices, costs and other modifying factors has been used for reporting from the Mineral Resource.

The 2023 nickel equivalent (NiEq23) formula is as follows:

NiEq23 (%) = Ni% + Cu% x 0.411 + Co% x 2.765

The 2023 NiEq cut‑off grade is 0.58% NiEq.

Metal price assumptions used for cut‑off grade determination were $9.50/lb for nickel, $4.00/lb for copper, and $26.00/lb for cobalt.

The Initial Assessment assumes an underground mining rate of 2.2 Mtpa. The mining method is underground stoping with backfill, and the extracted mineralised material will feed into an on‑site concentrator. Concentrate is assumed to be transported to an off‑site hydrometallurgical processing facility to produce final nickel, copper, and cobalt metal, with transport of the final metal to Dar es Salaam and export to markets for sale.

A cash flow analysis was not performed for the Project. The Initial Assessment has been prepared to demonstrate reasonable prospects of economic extraction, not the economic viability of the Mineral Resource estimates. The Initial Assessment is preliminary in nature, it includes Inferred Mineral Resources that are considered too speculative geologically to have modifying factors applied to them that would enable them to be categorised as Mineral Reserves, and there is no certainty that this economic assessment will be realised.

Table 3   Kabanga Mineral Resource Estimates as at 15 February 2023
Based on Metal Prices: $9.50/lb Nickel, $4.00/lb Copper, and $26.00/lb Cobalt

Mineral Resource Classification LHL Tonnage (Mt) Grades Recovery
NiEq23
(%)
Ni
(%)
Cu
(%)
Co
(%)
Nickel
(%)
Copper
(%)
Cobalt
(%)
MAIN
Measured
Indicated 2.14 2.44 1.92 0.28 0.15 87.2 85.1 88.1
Measured+Indicated 2.14 2.44 1.92 0.28 0.15 87.2 85.1 88.1
Inferred
MNB
Measured
Indicated
Measured+Indicated
Inferred 0.51 1.98 1.52 0.20 0.13  87.2  85.1  88.1
NORTH
Measured 4.7 3.37 2.64 0.35 0.21  87.2  85.1  88.1
Indicated 11.9 3.80 3.05 0.41 0.21  87.2  85.1  88.1
Measured+Indicated  16.6  3.68  2.93  0.39  0.21  87.2  85.1  88.1
Inferred 12.0 3.29 2.64 0.35 0.18  87.2  85.1  88.1
TEMBO
Measured 4.9 3.03 2.34 0.32 0.20  87.2  85.1  88.1
Indicated 2.2 2.20 1.69 0.22 0.15  87.2  85.1  88.1
Measured+Indicated  7.1  2.77  2.14  0.29 0.19  87.2  85.1  88.1
Inferred 2.1 3.05 2.41 0.31 0.18  87.2  85.1  88.1
OVERALL MINERAL RESOURCE
Measured 9.6 3.20 2.49 0.34 0.21  87.2  85.1  88.1
Indicated 16.3 3.40 2.71 0.36 0.19  87.2  85.1  88.1
Measured+Indicated  25.8  3.33  2.63  0.35  0.20  87.2  85.1  88.1
Inferred 14.6 3.21 2.57 0.34 0.18  87.2  85.1  88.1
  1. Mineral Resources are reported exclusive of Mineral Reserves. There are no Mineral Reserves to report.
  2. Mineral Resources are reported showing only the LHL attributable tonnage portion, which is 69.713% of the total.
  3. Cut‑off uses the NiEq23 using a nickel price of $9.50/lb, copper price of $4.00/lb, and cobalt price of $26.00/lb with allowances for recoveries, payability, deductions, transport, and royalties.
    NiEq23% = Ni% + Cu% x 0. 411 + Co% x 2.765.
  4. The point of reference for Mineral Resources is the point of feed into a processing facility.
  5. All Mineral Resources in the 2023MRE were assessed for reasonable prospects for eventual economic extraction by reporting only material above a cut‑off grade of 0.58% NiEq23.
  6. Totals may vary due to rounding.

Forward-Looking Statements

Certain statements made herein are not historical facts but may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended and the “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” or the negatives of these terms or variations of them or similar terminology or expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events, the business combination between GoGreen Investments Corporation (“GoGreen”) and Lifezone Holdings Limited (“LHL”) that formed Lifezone Metals, the estimated or anticipated future results of Lifezone Metals, future opportunities for Lifezone Metals, including the efficacy of Lifezone Metals’ hydromet technology (“Hydromet Technology”) and the development of, and processing of mineral resources at, the Kabanga Project, and other statements that are not historical facts.

These statements are based on the current expectations of Lifezone Metals’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lifezone Metals. These statements are subject to a number of risks and uncertainties regarding Lifezone Metals’ business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political and business conditions, including but not limited to the economic and operational disruptions and other effects of the COVID-19 pandemic; the outcome of any legal proceedings that may be instituted against the Lifezone Metals in connection with the business combination; failure to realize the anticipated benefits of the business combination, including difficulty in integrating the businesses of LHL and GoGreen; the risks related to the rollout of Lifezone Metals’ business, the efficacy of the Hydromet Technology, and the timing of expected business milestones; Lifezone Metals’ development of, and processing of mineral resources at, the Kabanga Project; the effects of competition on Lifezone Metals’ business; the ability of Lifezone Metals to execute its growth strategy, manage growth profitably and retain its key employees; the ability of Lifezone Metals to maintain the listing of its securities on a U.S. national securities exchange; costs related to the business combination; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Lifezone Metals presently does not know or that Lifezone Metals currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Lifezone Metals’ expectations, plans or forecasts of future events and views as of the date of this release. Lifezone Metals anticipates that subsequent events and developments will cause Lifezone Metals’ assessments to change. However, while Lifezone Metals may elect to update these forward-looking statements in the future, Lifezone Metals specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lifezone Metals’ assessments as of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Nothing herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results in such forward-looking statements will be achieved.  You should not place undue reliance on forward-looking statements herein, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.

Certain statements made herein include references to “clean” or “green” metals, methods of production of such metals, energy or the future in general. Such references relate to environmental benefits such as lower green-house gas (“GHG”) emissions and energy consumption involved in the production of metals using the Hydromet Technology relative to the use of traditional methods of production and the use of metals such as nickel in the batteries used in electric vehicles. While studies by third parties (commissioned by Lifezone Metals) have shown that the Hydromet Technology, under certain conditions, results in lower GHG emissions and lower consumption of electricity compared to smelting with respect to refining platinum group metals, no active refinery currently licenses Lifezone Metals’ Hydromet Technology. Accordingly, Lifezone Metals’ Hydromet Technology and the resultant metals may not achieve the environmental benefits to the extent Lifezone Metals expects or at all. Any overstatement of the environmental benefits in this regard may have adverse implications for Lifezone Metals and its stakeholders.

[1] NiEq23 = Ni% + (Cu% * 0.411) + (Co% * 2.765)

Attachment

Natasha Liddell
Chief Sustainability & Communications Officer, Lifezone Metals
info@lifezonemetals.com

Ingo Hofmair
Chief Financial Officer, Lifezone Metals
ingo.hofmaier@lifezonemetals.com

ICR, Inc.
Investor Relations, ICR, Inc.
+1 (646) 200 8879
LifezoneMetalsIR@icrinc.com

Bronwyn Wallace
US Media Enquiries, H+K Strategies
+1 (713) 724 3627
Bronwyn.Wallace@hkstrategies.com

GlobeNewswire Distribution ID 8914329

Sweegen’s Rebaudioside M sweetener technology receives regulatory approval in Taiwan

Foothill Ranch, Calif., Aug. 31, 2023 (GLOBE NEWSWIRE) — Global sweetness and flavor innovator Sweegen has announced that its Bestevia® Rebaudiosides M (Reb M), D, and E have received full authorization from the Taiwan FDA for use in food and beverages. This recent regulatory approval marks another milestone in Sweegen successfully opening new markets in countries where brands seek new generation stevia ingredients to expand their sugar reduction solutions.

Reb M, a high-purity steviol glycoside derived from the stevia plant, is renowned for its clean and sugar-like taste profile. The best-tasting part of the stevia leaf, such as Reb M is found in trace quantities of the leaf’s composition.

For food and beverage producers, Sweegen’s Reb M technology offers several commercially significant advantages. Sweegen’s Signature Stevia starts with stevia, not GMO corn or sugar beets. The ingredient innovator leverages proprietary bioconversion technology to produce a range of zero-calorie sweeteners with assured quality, regulatory compliance, and competitive prices. These products generate a lower carbon footprint.

As Sweegen continues to excel in commercialization and secures essential regulatory approvals in key markets like the EMEA and the U.K., the company witnesses substantial sales growth throughout 2023.

In addition to those critical regulatory approvals, Sweegen now offers its food and beverage manufacturing customers the right to use its Reb M in all non-alcoholic beverages anywhere in the world without infringing the relevant application patents. Customers already use Sweegen’s Reb M in other applications.

“At Sweegen, our focus revolves around safety, quality, and adherence to regulatory standards,” said Vice President of Technical and Regulatory Affairs, Hadi Omrani. “We are expanding our global footprint by opening new markets to create access to innovative sweetener technologies.”

With increased interest from the global CPG companies and their desire for guaranteed capacity and supply chain redundancy, Sweegen has been working to establish and expand production facilities in major markets, including EMEA, North America, and APAC.

“The approval of Bestevia Reb M in Taiwan represents a breakthrough for brands aiming to create better-for-you foods and beverages,” said Vice President of Global Innovation, Casey McCormick. “Bestevia Reb M opens innovative avenues for reducing and even eliminating sugar, surpassing consumer expectations and contributing to public health goals aimed at curtailing sugar intake.”

Sweegen has recently achieved FEMA GRAS status for its sweet proteins, brazzein and thaumatin II, which serve as valuable complements to steviol glycosides in the realm of food and beverage production. This addition reinforces Sweegen’s commitment to broadening its portfolio of innovative taste-modulating flavors. These sweet proteins are pivotal in assisting food and beverage manufacturers in meeting the rising demand for better-for-you products, aligning seamlessly with consumers’ holistic wellness preferences. The brazzein technology takes center stage in Sweegen’s newly launched Sweetensify™ flavor technology for taste modulation. It is an ideal tool for brands aiming to replicate sugar-like tastes in their food and beverage offerings.

Sweegen is dedicated to revolutionizing the sweetener market with innovative solutions that promote healthier choices without compromising taste. The full authorization of Bestevia Reb M in Taiwan reinforces Sweegen’s leadership in the nature-based sweetener space and positions the company as a trusted partner for food and beverage manufacturers worldwide.Top of FormBottom of Form

About Sweegen

Sweegen provides sweet-taste solutions for food and beverage manufacturers around the world.

The company aims to reduce sugar and artificial sweeteners in the global diet. Partnering with customers, Sweegen creates delicious zero-sugar products that consumers love. With the best modern sweeteners in its portfolio, such as Bestevia® Rebs B, D, E, I, M, and N, and sweet proteins brazzein and thaumatin, along with its deep knowledge of flavor modulators and texturants, Sweegen delivers market-leading solutions that customers want, and consumers prefer. Well. Into the Future.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1996. Sweegen’s actual results may differ from the estimates, assumptions, and other illustrative material contained herein, and consequently, a reader should not rely on these forward-looking statements as predictions of future events. These forward-looking statements include, without limitation, illustrative information regarding Sweegen’s bottom-up assumed market potential, assumed hit rate, and the resulting revenue based on these model inputs. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Industry, Market, and Other Data

In this press release, we rely on and refer to information and statistics regarding market participants in the sectors in which Sweegen competes and other data. We obtained this information and statistics from our own internal estimates and third-party sources, including reports by market research firms and company filings. We do not expressly refer to these sources. All of this information involves a number of assumptions and limitations, and the sources of such information cannot guarantee the accuracy or completeness of such information. The industry in which Sweegen operates is subject to a high degree of uncertainty and risk due to a variety of important factors, any of which could cause results to differ materially from those expressed in the estimates made by Sweegen or third parties.

Further Cautionary Statement Concerning Forward-Looking Statements

This press release contains forward-looking statements, including, among other statements, statements regarding the future prospects for Reb M stevia leaf sweetener, brazzein, and thaumatin. These statements are based on current expectations but are subject to certain risks and uncertainties, many of which are difficult to predict and beyond Sweegen’s control.

Relevant risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements and, therefore, should be carefully considered. Sweegen assumes no obligation to update any forward-looking statements as a result of new information or future events or developments.

Attachments

Ana Capretz, Head of Public Relations and Communications
Sweegen
949-709-0583
ana.capretz@sweegen.com

GlobeNewswire Distribution ID 8914192

Namibia, Botswana affirm commitment to Trans-Kalahari Railway Project

Minister of Works and Transport, John Mutorwa and Botswana’s Minister of Transport and Public Works, Eric Molala, affirmed their commitment to the Trans-Kalahari Railway Project during a meeting in Windhoek on Wednesday.

Mutorwa said the project is gaining momentum and that visible developments are on the way.

“Roads play a very important role in the transportation of people, services and goods, but rail transportation is much better in terms of the transportation of lives,” Mutorwa said.

He added that people cannot exchange goods if there is no transportation infrastructure.

Molale meanwhile said the justification for the Trans-Kalahari Railway Project could not have come at a better time.

“The people of Namibia and the people of Botswana will benefit from this rail line,” Molale said.

The meeting was held to discuss the two countries’ mutual interests and the progress made thus far on the Trans-Kalahari railway.

The governments of Namibia and Botswana in 2010 signed a Memorandum of Understanding to facilitate the development of the Trans-Kalahari railway line connecting Botswana’s Mmamabula coal fields to Walvis Bay in Namibia. The two governments signed a bilateral agreement in 2014 to establish the 1 500 kilometre line.

Namibia and Botswana reaffirmed their commitment to the multibillion-dollar Trans-Kalahari railway project in 2022.

Source: The Namibian Press Agency

Below normal rainfall, dry spells lead to increased food insecurity

It is projected that from October 2023 to March 2024, the number of people expected to experience food insecurity in Namibia will increase to 695 000, or 26 per cent of the population.

This number will increase from the approximately 579 000 people estimated to be facing high levels of acute food insecurity and requiring urgent humanitarian from July to September 2023, the Executive Director in the Office of the Prime Minister, I-Ben Nashandi, said on Wednesday.

He was speaking during the launch of the Vulnerability Assessment and Analysis Report 2023, and the Integrated Food Security Phase Classification Acute Food Insecurity Communication Report in Windhoek.

In his statement availed to Nampa, Nashandi said during the current period most households do not have any food stocks, most having indicated stocks lasting less than one month and those who had stocks lasting between one to three months, have already depleted their food stock.

“As a result, households have already experienced difficulties in purchasing food due to lack of income and high unemployment rates,” Nashandi said.

With regards to rainfall, the executive director said the country experienced below normal and sporadic rainfall which culminated in a combination of flash floods and dry spells in 2022/2023.

“This has subjected communities to prospects of lower crop yields, impacts on livestock, and ultimately reduced household food stocks compromising food security at household levels,” he stated.

Nashandi also touched on grazing and livestock, saying grazing conditions are generally poor in most regions across the country and this has an effect on the livestock body conditions.

He explained that the Office of the Prime Minister, through the Directorate Disaster Risk Management, conducts annual livelihood Vulnerability Assessments and Analyses (VAA). The assessments collects and analyses livelihood and food security data to inform policy and further aid the understanding of threats of natural and socio-economic disasters to food and nutrition security.

The 2023/24 VAA was conducted between May and July of 2023 and covered both urban and rural areas in all 14 regions.

Source: The Namibian Press Agency

Olympia swimming pool reopens

The Olympia swimming pool will reopen on Friday, while the Katutura swimming pool will remain closed until further notice, the City of Windhoek (CoW) announced on Thursday.

The Olympia swimming pool was closed for winter while the Katutura swimming pool is closed for maintenance and repairs.

The swimming pool in Olympia is open Monday through Thursday from 10h00 until 19h00. From Friday to Sunday from it opens at 10h00 and closes at 18h00.

Source: The Namibian Press Agency

FMDQ empowers students with financial market literacy in Lagos

No fewer than 130 pupils and students benefitted from the just-concluded Next Generation Financial Markets Empowerment organised by FMDQ Group Plc. in Lagos.

The 2023 Summer Camp Programme held at the Exchange Place, FMDQ premises in Lagos.

At the grand finale of event on Wednesday, Ms. Kaodi Ugoji, FMDQ Group Chief Operating Officer, described the programme as a huge success.

The News Agency of Nigeria (NAN) reports that the FMDQ Next Generation Financial Markets Empowerment Programme, a learning and development initiative, was aimed at promoting financial market awareness and literacy among students across all levels.

It involves pupils of ages eight to 10, secondary school students of ages 11 to 16 and students in tertiary institutions, as well as fresh graduates.

The 2023 edition, which is the fourth, had streams one and two and held from Aug. 2 to Aug. 25.

Ugoji said that the programme was organised to equip the participants with the knowledge and skills to navigate the complexities and intricacies of financial markets.

According to her, the aim of enhancing the participants’ understanding of savings and investment in financial markets was achieved.

“This programme has provided them an opportunity to learn about the various investment vehicles and the roles of the different financial market participants, through educational and interactive exercises and activities.

“We are extremely delighted at the knowledge, enthusiasm and dedication shown by participants throughout the 2023 Summer Camp Programme.

“It has indeed been a remarkable journey of learning, growth and creating lasting memories by combining theoretical learning with practical experiences,” she said.

The chief operating officer said that the programme created a platform for the organisation to execute part of its commitment to foster financial literacy in the younger generation.

Ugoji said that secondary school students who participated were immersed in currency trading knowledge within a simulated environment in FMDQ Q-Hub, a trading simulation room.

“This cutting-edge platform, powered by the FMDQ-Next bespoke trading system, empowered participants to gain practical experience in trading, identifying potential risks and effectively managing virtual portfolios with the ultimate goal of making profits.

“FMDQ-Next initiative is an expression of FMDQ Group’s ongoing commitment to continually implement innovative initiatives that ensure a sustainable financial future for the next generation,” she said.

NAN reports that the participants also had opportunities to showcase their talents in drama, singing, dancing and playing of musical instruments.

The top three finalists from secondary schools were honoured with laptops and tablets as well as future internship positions at FMDQ Group.

The top three finalists from each stream of the primary school category were also given prizes.

Mrs Amanda Okafor, who brought her three children from the U.S. specifically for this programme, said, “I appreciate the programme’s focus, which is educating the younger generation about financial markets in an exciting way.

“It was truly enriching and memorable for my children.

“I was particularly impressed by the well-thought-out schedule that balanced financial markets education with recreation and personal growth.

“Seeing my children return home each day with a sense of confidence and excitement to share their experiences was incredibly rewarding.”

Master Nestor Odionyenma, a participant from Ray Jacobs Boarding School, Imo State, said, “The variety of learning activities offered during the programme was very impressive.

“I learnt about financial market instruments such as commodities, equities, treasury bills and derivatives, among others.

“I also learnt about the importance of savings and long-term benefits of investing.

“I made new friends from different backgrounds and age groups; together, we shared laughter and experiences that I will cherish forever.

“I sincerely appreciate FMDQ Group for creating such an engaging and enriching programme.”

Source: News Agency of Nigeria

MDCN inducts College of Medicine UNILAG graduates into medical profession

The Medical and Dental Council of Nigeria (MDCN) on Wednesday inducted 160 medical students of the College of Medicine, University of Lagos, into the medical profession.

The event which took place in the Old Great Hall of the College of Medicine, had inductees which included 134 MB, BS, and 26 BDS students.

Delivering his welcome address, the Provost, Prof. David Oke, on behalf of the management, staff, and students of the College of Medicine, University of Lagos, welcomed everyone to the oath-taking ceremony.

He congratulated and saluted the inductees for their perseverance during their course of study at the College of Medicine, University of Lagos.

He also charged the inductees to be good ambassadors of the college and the nation.

“Remember that your training is a combination of godliness and excellence, which is what will define your future.

“The good physician treats the patient who has the disease. If you want to succeed in this profession, never neglect your connection with the Great Physician”.

Oke noted the difficulties facing most Nigerians currently, but expressed confidence that the inductees would pull through by relying on the training they had received.

He said: “It is a well established fact that the Nigerian terrain is difficult.

“But I am confident that with the quality of training you have received, you will rise above all the difficulties you may encounter and make positive impact in your chosen profession — the health sector.

“I charge you inductees that your future should not be a confusing time, but a demanding and challenging time.

“Demanding because it will often require you to multitask, undergo interdisciplinary collaborations; challenging because it is a terrain you are not used to but you have to flourish”.

The provost also enjoined the inductees to explore new frontiers of knowledge and become distinguished professional practitioners.

He said that, over the years, in spite the increase in the student population, funding to the health sector had dwindled.

He added that this had resulted in decay in the college’s infrastructure, in spite efforts of successive administrations.

He, therefore, called on the college’s alumni, corporate bodies and philanthropic individuals to invest in the college.

He also acknowledged the parents and guardians of the inductees and the Registrar of the Medical and Dental Council of Nigeria, Dr T.A.S. Sanusi, for making time to conduct the oath-taking ceremony.

Speaking, Sanusi, reminded the inductees that the medical profession i was a regulated one and admonished the inductees to be mindful of their interaction with social media.

He informed the graduands that housemanship job was centralised and urged them to log on to the MDCN website to apply.

He emphasised the code of conduct for medical practitioners and implored the new doctors to adhere to the rules and regulations governing the medical profession.

“This is a regulated profession; there are certain conducts expected of you as doctors, you don’t go to the social media disparaging your regulatory body,” he said.

Sanusi added that the attitude of taking every matter to social media may cause the inductees to disclose confidential information about patients under their care to the public of the social media.

He warned that this would, thereby, be violation of their oath and affirmation to keep patients’ medical information private.

He warned the inductees of strict sanctions and punishment prescribed by the law against any inductee found at any point in time to break the guidelines, whether in Nigeria or abroad.

Dr Olayemi Dawodu, the Chief Executive Officer (CEO) of Clina Lancet Laboratories and an alumnus of CMUL, charged the inductees to remember that graduation was not merely an end point, but a start of a new chapter— a dawn of new possibilities.

Dawodu encouraged the inductees to continue to seek knowledge, embrace challenges as opportunities for growth and always uphold the highest standards of ethical practice and compassionate care.

The News Agency of Nigeria reports that the induction ceremony also featured an induction lecture, which was delivered by Dr Olayemi Dawodu, an alumna of the College of Medicine, University of Lagos and CEO of Clina Lancet Laboratories Nigeria.

There was sashing of the inductees as well as the presentation of awards and prizes to the best graduating students.

The College Secretary, Dr Olayinka Obafemi-Moses, in his vote of thanks, congratulated the new doctors and their parents and wished them success in their careers.

Source: News Agency of Nigeria

Building Collapse: FCTA to conduct integrity test on old buildings

The Federal Capital Territory Administration (FCTA) said on Thursday, that it will conduct integrity tests on old buildings within the city to forestall building collapse.

Mr Mukhtar Galadima, Director, Development Control, FCTA, stated this in Abuja while addressing newsmen on buildings in Jabi that failed integrity tests which might likely collapse.

Galadima said that the test, which would be conducted in partnership with professional bodies and regulatory bodies, and agencies would be carried out in Wuse 1, Garki 1, Garki 2, and Asokoro.

He said that the old houses that would be targeted for the exercise would be mainly those above 30 years.

The director said that the measure became necessary, following the unfortunate incident that happened in Garki village, where a two-storey building collapsed, killed two persons and injured 37 others.

“We have agreed with our colleagues, the professional and regulatory bodies and agencies to identify some structures within the city and conduct integrity tests on them.

“The goal is to avert unforeseen circumstances like building collapse that may occur due to structural defects.

“I have discussed with my colleagues and we will soon be going to the field for the exercise, particularly in Garki 1, Garki 2, Wuse 1 and Asokoro,” he said.

He explained that the areas were targeted because they were mainly developed by private individuals with houses standing for over 30 years.

Galadima said that most of the officers that supervised buildings in the areas were out of service, “and we don’t know the level of supervision then.

“We want to be sure that the structures can stand the test of time,” he said.

The director, however, said that not every building that failed the integrity test would be demolished.

He said that sometimes the consultants would give room for remedial measures for the building to stand.

Galadima emphasised that structures that failed integrity tests and beyond remedy will be removed.

He urged people to comply with building regulations as provided by relevant acts and laws.

On the buildings located on Plot 643 Cadastral Zone Bo4, Jabi District, he said that the integrity test revealed that the building may collapse.

He said that after the failed test, the occupants of the four single-storey buildings on the plot were asked to vacate the buildings for their safety but refused to do so.

“It is disturbing that in spite professional warnings, the people are still occupying the house, even going further to obtain an order of the Court to stop us from vacating them.

“Our concern is the safety of the individual and their properties that is why we are calling on the public to desist from such acts.

“Once a structure has been tested and confirmed to be deficient, people should comply and vacate the structure because anything can happen,” he said.

On the court order, Galadima said that the department would consult the legal secretariat to decide on the next line of action.

During a visit to the affected buildings, Mr Abdulrazak Alao, Deputy Director, Building Inspectorate, North, said that the occupants were served a vacation notice on Aug. 21.

“We also invited them for a stakeholders` meeting to carry them along in the entire process but they refused to cooperate with us.

“Only for us to get here today (Thursday) and saw a Court Order pasted on the gate of the house, restraining us from carrying further action.

“We have carried out a scientific investigation called the Smith harmer test that indicated that the building is weak and could collapse.

“The buildings have decayed, soaked and weak. I want it to be on record that the building is very unfit for human habitation and might collapse any day,” he said.

Mr Mustapha Suleiman, one of the occupants of the buildings, appealed for the meeting to be rescheduled to Friday and it was granted.

Source: News Agency of Nigeria

AGRIVEST reality TV show to create more than 10m jobs – AFAN president

Dr Farouk Mudi, President of the All Farmers Association of Nigeria (AFAN) said the newly unveiled AGRIVEST Reality TV Challenge Platform will create more than 10 million jobs in five years.

Mudi stated this at the signing of a Memorandum of Understanding (MoU) between AFAN, TINGO mobile, and the Association of Deans of Agriculture in Nigeria (ADAN) and the unveiling of the reality TV show.

Reality TV shows are television programmes in which ordinary people are continuously filmed, designed to be entertaining rather than informative.

According to the AFAN president, the Agrivest Reality TV Challenge Show is a comprehensive Agribusiness Training, Advocacy, and Mentoring Programme delivered on an entertainment platform but designed and intended to promote self-sufficiency in food production in Nigeria as well as explore the business opportunities in the sector.

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“We are certain that this project will indeed bring about a positive change to the agriculture industry and the communities within.

“I implore farmers and our members across the country to leverage this positive trend to promote and tap into it, and to improve upon the production and supply of agricultural and other agro-related goods and services.

“Our objective is to stimulate, create awareness, and redirect the attention of the youthful population of Nigeria to the tremendous potentials and opportunities in agriculture using entertainment as a delivery channel, ” he said.

Mudi pointed out that the reality show would create a scenario whereby the youth would be educated and entertained through a competitive process.

He said that in addition to the millions of jobs and wealth that would be created for those engaged, the resurgence of the sector would help the country guarantee food security and reduce poverty.

The AFAN president maintained that the project is designed and intended “to build a country where sustainable agriculture will be the bedrock and core foundation of our collective and thriving economy and means of livelihood leveraging on our human and material resources and connecting with rural smallholder farmers to cultivate ideas for sustainable growth.”

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He stated that as the Nigerian population continues to grow, the revival and sustainability of the sector will become even more critical.

Also speaking at the event, Auwal Maude, the Chief Executive Officer (CEO) of TINGO Mobile, one of the partners in the project, and Africa’s leading Agri-Fintech company, said he was certain that the show would bring about a positive change in the agriculture industry and the communities within.

Maude said that the company is out to transform rural farming communities to connect through its proprietary platform to meet their complete needs through the use of smartphones and GSM technology to enable subscribers and farmers to converge on the marketplace.

“We offer this service within and outside of the agricultural sector to manage their commercial activities of growing and selling their produce in the market both domestically and internationally,” he said.

He called on the Federal Government to create an environment conducive for agri-business to thrive and make it more attractive to the youth.

“We urge the government to create an enabling environment for agriculture to thrive and make it more attractive for youths because agriculture goes beyond farming,” he said.

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On his part, Dr Emmanuel Abuhson, member of the team urged Nigerian youths to see agriculture from a business and marketing perspective.

Abuhson said that Nigeria is capable of feeding not only Africa but the world at large given the country’s huge potential in agriculture.

He observed that a wide gap exists between farming and getting the farm yield or products to the consumers which the reality show seeks to bridge.

Source: News Agency of Nigeria

Highlighting girl child’s development through sports, institutional support

Recent events involving Nigerian teams in world sports have reinforced the notion that the girl child can prevail in all endeavours if opportunities are provided.

The excellent performances of Super Falcons at the 2023 FIFA Women’s World Cup, Australia and New Zealand, and the 2023 FIBA Women’s AfroBasket Championship in Rwanda, lend credence to this notion.

The performances of the female teams, on African soil and on the global stage, warmed the hearts of most Nigerians, especially the youth, transforming weariness into joy.

While those events lasted, the gloom experienced by some Nigerians over the removal of fuel subsidy and the attendant high cost of living, diminished.

D’Tigress’ 84-74 win over Senegal in the 2023 FIBA Women’s AfroBasket Championship in, Kigali, Rwanda, made Nigeria the first team to win the coveted trophy four titles in a row.

According to FIBA.basketball, “D’Tigress’ sixth continental title comes exactly 20 years after they conquered their very first African crown in 2003 in Maputo, Mozambique.

Again, when the curtain finally closed on the ninth FIFA Women’s World Cup on Aug. 20, African teams, including Nigeria, depicted resilience and put up encouraging performances.

The Super Falcons, in their ninth world cup appearance, did not lose any match in the tough Group B that included Australia (co-hosts), Canada and the Republic of Ireland.

They eventually succumbed to a 2-4 loss on penalty kicks in the last 16 to the eventual runners-up, England, after tying goalless in regulation time.

Interestingly, the Nigerian goalkeeper, Chiamaka Nnadozie was named Player of the Match against Canada by the FIFA Technical Study Group.

According to CAFONline.com, with 36 successful tackles made, Nigeria’s Christy Ucheibe ranked among the top five defenders at the tournament.

The FIFA President, Gianni Infantino, said the Women’s World Cup had been truly transformational, not only in Australia and New Zealand but all over the world.

He said the tournament’s success story had supported the decision for its enlargement from 24 to 32 teams.

“We need everyone. We need the UN agencies, who have been very helpful to us in this World Cup, participating with us.

“We need the governments, we need the institutions, to create dedicated spaces for women, and for women’s sport and women’s football in particular, of course.

“We need the partners, the sponsors to pay a fair price. We need the media,” he said.

Some organisations have already heeded the clarion call. For instance, the Olumide Oyedeji Foundation, an NGO, is promoting girl child development in sports in Nigeria.

Its founder, Olumide Oyedeji, said the foundation, had trained 40,000 young Nigerians, including girls, through its basketball camp since inception in 2001.

The Foundation opened its training camp from Aug. 21 to Aug. 25, for another batch of 400 kids trained on the rudiments of basketball at the Indoor Hall of the National Stadium, Surulere, Lagos.

Oyedeji said the main objective of the exercise was to discover the next generation of basketball stars for Nigeria.

“This is the 22nd Edition. We have over 400 kids from over 10 cities in Nigeria, already,” he said.

He said future leaders from other fields had emerged from the basketball camp, and that the Foundation would not relent in searching for more talents.

According to her, some of the members of the female national basketball team, D’Tigress passed through the camp and are doing very well in other fields.

She said Kaffy, a dancer and Rasheedat Sodiq, an Olympian and former Captain of the D’Tigress, and several other female celebrities passed through the camp 11 years ago.

“We have also seen lawyers, bankers and also pilots. We have also had over 100 junior and senior D’Tigers and D’Tigress players that have emerged from this camp,” he said.

There is no doubt that with institutional support, the girl child and, indeed, her male counterpart, can ‘breathe.’ Yes, they can!

Source: News Agency of Nigeria

Kogi Govt provides market infrastructure for Kabba-Bunu community

Kogi Government has constructed market infrastructure for farmers and women in the agrarian community of Oke-Ofin in Kabba-Bunu Local Government Area of the state.

Speaking at the inauguration on Thursday, the State Security Adviser, retired Cdr Jerry Omodara, who represented the governor, commended the state government for the kind gesture towards the people of the community.

Omodara noted that no other infrastructure would have been better for the community than the market infrastructure.

He described the people of the community as agrarians in nature with no suitable socio-economic infrastructure over the years.

Omodara, an indigene of the community, said people usually come from the Northern part of the country to load yams and other farm produce without the market infrastructure.

He praised the governor for what the State Government was doing through the International Fund for Agricultural Development and Value Chain Development Programme (IFAD/VCDP).

The security adviser stressed that the initiative had improved the well-being and livelihoods of the people of the state through its (VCDP) intervention programmes.

He commended the State Programme Coordinator of IFAD-VCDP, Dr Stella Adejoh, and her team for siting the market at Oke-Ofin, to improve the livelihoods of the people.

He congratulated the market women who were the main beneficiaries, urging them to utilise it and ensure proper maintenance of the facility.

Earlier, Dr Adejoh expressed gratitude to the governor for his full support for the implementation of VCDP programmes in the five benefitting local government areas of the state

She said that VCDP had immensely impacted the well being and livelihoods of the beneficiaries in the state, thereby reducing poverty among the rural farmers.

The SPC assured the people of continuous support of VCDP to improve their livelihoods , reduce poverty and ensure food security.

She commended the women for cooperating with the state government over years, and enjoined them to utilise the market for the common good of the people.

The programme coordinator encouraged the women folks not to relent in putting in their best to ensure that the objectives of the programmes are achieved.

She stressed that she would be more fulfilled seeing the market infrastructure properly utilised and maintained.

She emphasised that the VCDP objectives was to ensure that small holder farmers were empowered to stem the tide of poverty, hunger and starvation, thereby boosting their livelihoods.

The market women leader, Mrs Funke Joseph, who spoke on behalf of the beneficiaries, thanked the governor, the Federal Government and the IFAD-VCDP for the gesture.

“Market infrastructure is one of our major needs in our community because we are farmers and business women but we have no suitable market infrastructure before the governor and VCDP’s intervention.

“We are very grateful to the governor and the VCDP for the gesture because it will improve our standard of living,” she said.

Source: News Agency of Nigeria

Birthday: Shettima urges friends, allies to refrain from placing paid adverts

The Vice President, Kashim Shettima, has urged his friends and political allies to refrain from placing birthday wishes on Newspaper pages.

Shettima gave the advice in a statement he personally signed and issued by Mr Olusola Abiola, Director of Information, Office of the Vice President, on Thursday in Abuja.

The News Agency of Nigeria (NAN) reports that Shettima will turn 57 on Saturday.

He also advised his friends to stop utilising paid channels to convey their greetings in their endeavours to commemorate his birthday.

Shettima stated that the decision was made in the spirit of national commitment to responsible resource management and responsive governance.

He said: ” Dear friends and well-wishers, as we approach the anniversary of my birth on Sept. 2, I am utterly grateful for the warm wishes and kind sentiments that many of you have expressed over the years.

” Your thoughtfulness has touched my heart and has been a source of immense joy. I would like to take this opportunity to humbly request that you consider celebrating this occasion in a different way.

” In the spirit of our nation’s commitment to responsible resource management and responsive governance.

“I kindly ask you to refrain from placing birthday wishes on newspaper pages or utilising paid channels to convey your greetings.”

Shettima further asked his friends to join him in channeling their collective efforts towards a nobler cause.

He said: ” Instead of spending resources on such messages, I encourage you to contribute to the betterment of our society by donating to charity organisations in need or your preference, in our collective pursuit of a humane and functional world.

“Thank you for your understanding and for being my all-weather friends and allies. Warm regards.”

Source: News Agency of Nigeria

UNICEF partners Nigeria celebrities as champions, voices on child rights

The United Children’s Nation Fund (UNICEF) has partnered Nigerian celebrities as its champions to drive the needed change and provide hope for the vulnerable and adolescent children.

Speaking at the event on Wednesday which held at Ikoyi, Lagos, Cristian Munduate, UNICEF Nigeria Representative, said that the champions would serve as powerful voices on amplifying issues around child right in Nigeria.

Munduate announced the appointment of the celebrities in the music, entertainment, film industry among who are Cobhams Asuquo, Waje, Kate Henshaw and Ali Nuhu as UNICEF champion for a period of 12 months.

“They are essential to bring attention to the difficulties children in Nigeria and other countries are experiencing.

“The idea is to promote awareness and organise supports, UNICEF champions give their time.

“Over the course of the next year, these champions will work together with UNICEF to elevate pressing concerns related to children.

“The spanning sectors such as health, education, nutrition, child protection, water sanitation, and hygiene will be given priority,” She added

The UNICEF Representative in Nigeria also lauded the commitment and unmatched influence of the champions.

She noted that the collaboration symbolises a bridge between the commitment to child rights and the power of art and storytelling through music, film, and public engagement.

She passionately expressed that, “we hope to touch hearts, shift perspectives, and inspire action.”

“We are truly elated to join hands with such influential voices in the entertainment industry; Waje Asuquo, Henshaw and Nuhu.

“Their dedication and passion for children’s rights will undeniably amplify the urgency of the issues we fight for daily.”

Similarly, the champions engaged in numerous initiatives and campaigns designed to ensure every child’s right survival, growth, development, and protection is upheld and championed.

Henshaw, said, “Every Nigeria child will get from all of us a chance of life and become a better individual that can contribute positively to the nation and environment as a whole.”

Nuhu said, ” There is need for collaboration across the zones, maybe through songs like national anthem or campaign to drive the message.”

Asuquo, a visually impaired in his remark declared that he was able to attain his personality due to the attention he received during his formative years, saying there is need to give back.

He expressed determination to leverage on the platform of UNICEF champion to shape lives of not only the Nigeria children but children across the world.

“It is my/our responsibility to as people in the space that we are in to use the art form and gift that we are blessed with to touch lives in the young generation.

“It is our duty to pass on the touch to young generation who heavily relied our personalities on the UNICEF platform because that is the only way that we can grow and sustain development.”

Asuquo, also a UNICEF Ambassador acknowledged that there are lots of flaws endemic in the system, but added that “in places were things have worked, people use their art forms as what we have now to influence positively.”

Source: News Agency of Nigeria

Angolan President leaves for Republic of Congo to assess situation in Gabon

Angolan head of State left Thursday for Republic of the Congo on political consultations with his counterpart, Denis Sassou Nguesso, about the situation underway in Gabon.

At the Luanda Military Air Base, the Angolan Head of State was bid farewell by the Vice-President of the Republic, Esperança Costa, and government officials.

A group of senior Gabonese military officers on Wednesday announced that they had taken power and detained President Ali Bongo, minutes after the state election body declared the winner of Saturday’s general election.

Appearing on state-run television channel Gabon 24, the officers said they represented all security and defence forces in the Central African nation.

They said the election results were cancelled, all borders closed until further notice and state institutions dissolved.

The announcement was made in a press release which was presented on the television channel “Gabon 24” by military personnel who decided to close the country’s borders.

Gabon is situated on the Atlantic coast of the Central African region.

It has land borders with Equatorial Guinea (335 km) and Cameroon (349 km) to the north and the Republic of Congo (2,567 km) to the east and south, and by sea it borders São Tomé and Príncipe.

Angola and Congo are also part of the Central African sub-region.

Source: Angola Press News Agency (APNA)