African Mining May - June 2019 | Page 9

Projects FEKOLA EXPANSION LOOKS POSITIVE Location: Mali Phase: Expansion Resource: Gold The preliminary economic assessment (PEA) of the expansion study at B2Gold’s Fekola Mine in Mali has returned positive results. The expansion project will increase Fekola’s processing throughput by 1.5 million tonnes per annum (Mtpa) to 7.5Mtpa from the current base rate of 6Mtpa. According to B2Gold, the expansion study PEA was conducted to evaluate the life-of-mine (LoM) options for expanded mining and processing to maximise the value of the substantially increased indicated and inferred mineral resource at Fekola Mine. The results recommended an expansion of the existing plant to process an additional 1.5Mtpa, resulting in a baseline capacity of 7.5Mtpa without requiring an additional ball mill or additional power generation capacity. Based on the new optimised mine plan, the mining rate at Fekola will also be increased, along with additional mining equipment to accelerate the supply of higher-grade ore to the expanded processing facilities. As a result of the project and mineral resource expansion, the Fekola Mine will produce more gold over a longer life, with more robust economics and higher average annual gold production, revenues, and cash flows than the previous LoM. b B2Gold’s Fekola Mine is located in a mineral-rich region of West Africa. MONTERO FILES RESOURCE ESTIMATE Location: Namibia Phase: Preliminary drilling Resource: Lithium Montero Mining and Exploration has filed its maiden lithium and tin resource estimate for the Uis tailings project in Namibia. The project consists of large coarse sands and fine slimes tailings waste deposits on surface. The tailings material represents the waste processed material derived from the Uis pegmatite tin mine, the largest tin mine in Africa, prior to its closure in 1990. The independent estimate was prepared by Deloitte Technical Mining Advisory. material, while Zones B to E and Zone A fines represents the fine tailings material. The mineral resource estimate is based on the preliminary drilling programme of 63 air core drill holes on the waste material. The quantity and grade of coarse and fine material for six tailings deposits (Zones A to E) were estimated by ordinary kriging. Two commodities were considered in the estimation of the mineral resources, namely lithium (LiO 2 ) and tin (SnO 2 ). Zone A represents the largest tailings deposit and contains coarse tailings According to Dr Tony Harwood, president and CEO of Montero, further in-fill drilling and metallurgical test work will be required to upgrade the inferred resource to an indicated resource. “Montero is evaluating early production scenarios with potential partners in order to meet expected demand with the growth of electric vehicles and battery metals requirements,” says Harwood. b A total inferred mineral resource of 14.4 million tonnes at 0.37% LiO 2 and 17.1 million tonnes at 0.05% SnO 2 is estimated. Insufficient test work on lithium extraction has been completed on the 2.71 million tonnes of fine tailings material (Zones A4, B, C, D, and E) to include this lithium in the resource estimate at this time. Montero is looking to re-mine the tailings dumps at the historical Uis tin mine in Namibia. www.africanmining.co.za MAY - JUNE 2019 AFRICAN MINING 7