Kilimapesa Hill gold project expansion, Kenya
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Name of the Project
Kilimapesa Hill gold project expansion.
Location
Kenya.
Project Owner/s
Caracal Gold.
Project Description
Kilimapesa Hill has an established, producing, shallow underground mine and processing plant, as well as an extensive prospecting permit.
A scoping study focused on the expansion of the Kilimapesa Hill project has highlighted robust project economics, with upside to expand production.
The robust economics, together with the low strip ratio mine plan, and simple heap-leach processing route to deliver an estimated 24 000 oz/y of gold over a ten-year life-of-mine (LoM), reinforces the potential of the project.
Further, Caracal also has considerable upside potential with further resources already defined in the Kilimapesa Hill project along with the additional drilling planned on the hill in early 2023, which it believes will easily double the LoM.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an estimated after-tax internal rate of return of 114%, with a two-year payback period.
Capital Expenditure
The expansion will require an estimated $19.7-million tonnes in preproduction capital.
Kilimapesa benefits from the capital invested to date by GoldPlat and Caracal.
Planned Start/End Date
Existing infrastructure and processing plant will enable Caracal to complete the expansion project in six months.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Caracal Gold, email info@caracalgold.com.
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