PERTH (miningweekly.com) – ASX-listed gold developer Bassari Resources has inked a strategic alliance with China’s Vanture International for the supply of processing equipment at the Makabingui gold project, in Senegal.
The company told shareholders that the alliance was another step forward in becoming a gold producer by 2015.
“Having secured a strategic alliance with Vanture International on the back of assembling the highly experienced development team, we are well on our way to fast-tracking the development of the Makabingui gold project,” said Bassari MD Jozsef Patarica.
A feasibility study estimated that the Makabingui project will require a $12-million capital investment to allow for the mining of about 171 000 oz of gold. The study indicated that the 11.9-million-tonne resource, grading 2.6 g/t gold, could deliver 50 000 oz/y of gold over a three-and-a-half-year mine life.