East African focused gold explorer, developer and producer with a clear path to grow resources and production.
100% interest in the producing Kilimapesa Gold Mine, which has a +705,000oz JORC resource and a well-defined expansion strategy currently in process.
Opportunity for conventional, open pit operation at the Nyakafuru Gold Project in Tanzania, with proven, high-grade, shallow gold resources that have the potential to produce 50,000oz per annum.
Favourable gold price fundamentals and positive market projections.
Forecast low AISC-costs and strong operating margins from gold sales.
Experienced management team and board with proven track records in successfully developing and operating mining projects throughout Africa.