Projects
BERAVINA ADVANCES CONSTRUCTION STARTS AT YAOURÉ
Location: Madagascar
Phase:
Exploration
Resource: Zircon Location:
Phase:
Resource:
Diamond Field Resources has entered into a co-operation agreement with
TMH Acquisition, a special purpose vehicle established by the Denham
Mining Fund. The company is advancing the Beravina project, which is
a hard rock zircon deposit with an inferred mineral resource estimate of
1.5 million tons. The project covers 625 hectares and is located in Western
Madagascar. The board of directors at Perseus Mining has formally
approved construction of the company’s third gold mine,
the Yaouré gold mine in Côte d’Ivoire. With a forecast
capital cost of USD265- million, Yaouré is expected to
become a large scale, low-cost gold mining operation
that will form an important part of Perseus’s asset
portfolio.
CEO Sybrand van der Spuy says, “We are pleased to have secured
the co-operation of such a strong financial and technical partner for
Beravina. We have confidence that the 2019 work programme will meet
expectations and confirm the technical merits of the project.”
BISIE ENTERS HOT COMMISSIONING
Location: DRC
Phase:
Development
Resource:
Tin
Côte d’Ivoire.
Development
Gold
The board’s recent decision to develop Yaouré follows
the recent granting of an exploitation permit by the
government of Côte d’Ivoire to Perseus’s Ivorian
subsidiary, Perseus Yaouré SARL, and confirmation
of Perseus’s development funding plan that includes
deploying, in part, a USD150-million revolving credit
facility, USD121-million of existing cash and bullion
including USD40-million of cash recently derived from
the underwritten exercise of warrants, and strong future
cashflows from Perseus’s Edikan and Sissingué gold
mines.
SARAMA IN FULL CONTROL
Location:
Phase:
Resource:
Alphamin Resources’ Bisie tin mine in the DRC has entered the commissioning
phase in the DRC
One of the prime tin mining projects in the world has entered the hot
commissioning phase in the Democratic Republic of the Congo (DRC).
The feeding of ore into the processing plant at Alphamin Resources’
Bisie tin mine in the DRC got underway on 25 April 2019. This phase
of the project, known as hot commissioning, will gradually build up to
the designed throughput of 50 tons per hour into the jigging section and
eight tons per hour into the gravity concentration section.
The company expects the hot commissioning phase to be completed this
week. Hot commissioning involves feeding the plant with material, checking
instrumentation calibration, process flows and individual equipment.
Construction of the mine was completed in the first quarter of 2019. The
wet commissioning phase, where the plant runs on water, was completed
towards the end of April 2019. Following hot commissioning Bisie will
enter the final commissioning phase of product optimisation.
8 AFRICAN MINING JULY - AUGUST 2019
Burkina Faso
Development
Gold
Sarama has executed a definitive agreement with
Acacia Mining to terminate the South Houndé Project
earn-in agreement, an important milestone that returns
management, control and 100% ownership of the
project to Sarama.
According to Andrew Dinning, CEO of Sarama, the
company will now focus on combining its 100% owned
ThreeBee project with the South Houndé project and
start assessing possible development scenarios. These
projects host well in excess of two million ounces of
gold and the initial focus will be on the more than one
million ounces of free-milling gold inventories which
have yielded high metallurgical recoveries in both heap
leach and conventional gold plant based testwork.
“Sarama will benefit from about USD13-million of
expenditure on the project by Acacia and we believe
that significant exploration potential remains on both
the South Houndé and ThreeBee projects. Our initial
exploration focus will be on resource development work
and will include drilling a number of attractive near-
field and extensional oxide and free milling targets that
have already been identified,” says Dinning.
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