Name and Location
Balogo gold project, Burkina Faso.

Client
Golden Rim Resources.

Project Description
A scoping study completed on the Netiana Lodes at the Balogo gold project envisages a contractor-mined openpit, delivering 440 000 t of ore to a modularised processing plant at average grade of 9.3 g/t gold.

An estimated 4.5-million tonnes of waste rock will also be mined and placed on a wasterock dump during the two-year mine life. Tailings from the processing plant will be disposed of in an adjacent paddock tailings storage facility.

Value
Total capital expenditure for a new modular 250 000 t/y plant is estimated at A$39-million.

Duration
Golden Rim’s goal is to produce its first gold from the Netiana Lodes late in the second half 2014.

Latest Developments
Golden Rim has started an environmental-impact assessment (EIA) as part of a bankable feasibility study (BFS) on the Balogo project.

Socrege is conducting the EIA, which is expected to be completed by the end of June 2015. The EIA has the longest timeline component of the BFS.

Other components of the BFS are expected to start in late September 2014, after the rainy season. Initially, Golden Rim intends to complete an infill drilling programme at Netiana to upgrade the gold resource. The plan is to use some of these drill holes for geotechnical, metallurgical and hydrological purposes. The drilling will be followed by mining and engineering studies.

The BFS will assess the economic viability of installing a modular 30 t/h gravity and carbon-in-leach plant to exploit the resource at Netiana.

Golden Rim has outlined a high-grade inferred resource at the Netiana Lodes of 850 000 t at 6.8 g/t gold for 185 000 oz of gold.

Key Contracts and Suppliers
Coffey Mining (scoping study), Socrege (EIA).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Golden Rim Resources, tel +61 8 9481 5758, fax +61 8 9481 5759 or email info@goldenrim.com.au.
Coffey Mining Ghana, tel +233 24 494 7672, fax +233 21 760 476 or email contactus@coffey.com.
Socrege, tel +226 50 41 96 91 or email absmburkina@gmail.com.