Manica gold project, Mozambique
Name and Location
Manica gold project, Mozambique.
Client
Auroch Minerals.
Project Description
A new scoping study completed on Manica’s existing nonrefractory and transitional resources has confirmed the technical and commercial viability of the project. The project has a Joint Ore Reserves Committee-compliant resource base of 2.97-million ounces at 1.83 g/t gold.
The study confirmed an estimated production of 273 469 oz of gold over an operating mine life of seven years, with a 60 000 t/m, or 720 000 t/y, centralised processing plant.
Value
Initial capital expenditure is estimated at $31.62-million.
Duration
Not stated.
Latest Developments
The company will immediately commission a definitive feasibility study (DFS) on the project.
The DFS will focus on the existing free-milling, nonrefractory and transitional resources within the Fair Bride and Dot’s Luck deposits, which have shown the potential for simple shell openpit operations, and the Guy Fawkes deposit, which could become a shallow-depth underground open-stoping operation.
A $360 000 infill drilling programme at the Guy Fawkes and Dot’s Luck deposits to upgrade the confidence categories of existing resources will also be completed, as will metallurgical testwork at the Fair Bride, Guy Fawkes and Dot’s Luck deposits to confirm the amenability of the nonrefractory resources to traditional carbon-in-leach processing.
Auroch also aims to complete the environmental licence requirements by finalising the environmental-impact assessment and its land-use licence for the Manica project.
Key Contracts and Suppliers
JP Mining Consulting (scoping study).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Auroch Minerals, tel +27 11 218 3856, fax +27 11 880 1270 or email admin@aurochminerals.com.
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