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Fekola gold project, Mali

26th July 2013

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Fekola gold project, Mali.

Client
Papillon Resources.

Project Description
A prefeasibility study completed on the Fekola project has confirmed a large-scale, low-cost and robust project.

The project hosts a mineral resource of 54.97-million tonnes, grading 2.38 g/t gold.

Envisaged is an openpit mine and conventional carbon-in-leach processing circuit, to process four-million tonnes a year during steady state production.

Average production of 306 000 oz/y of gold is expected over the life of the mine, which is estimated at nine years.

Contract miners will be used, thus eliminating the need for capital expenditure on fleet.

Value
The estimated capex for the mine, process plant and associated infrastructure is $254-million.

Duration
Not stated.

Latest Developments
Papillon is undertaking a review process before the award of the definitive feasibility study.

Key Contracts and Suppliers
Not stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Papillon Resources, tel +61 8 9222 5400, fax +61 8 9322 6558 or email info@papillonresources.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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