Emerging African focused gold producer with a clear path to grow production and resources, both organically and through strategic acquisitions.
100% interest in the producing Kilimapesa Gold Mine, which has a 671,446oz JORC resource and a well-defined mine optimisation strategy is 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
Defined development plan commencing with mine optimisation and resource expansion at Kilimapesa to enhance the mine’s gold production profile
Experienced management team and board with proven track records in successfully developing and operating mining projects throughout Africa.