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Nyakafuru Gold Project

Caracal is acquiring a 100% interest in the advanced Nyakafuru Gold Project. Located in the world-class Lake Victoria Gold Fields in Tanzania, one of Africa’s largest gold producing regions, the project

Location

Located in the world-class Lake Victoria Gold Fields, 140km Southwest of Mwanza, Tanzania’s second largest city.

Fast Facts

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JORC-Compliant resource of 658,751oz a 2.08g/t with major exploration upside
11 granted exploration licences over 280 km2 with four key deposit areas – Voyager, Mentelle, Cullen, Leeuwin-Grange – and multiple other exploration targets
Located in the Lake Victoria Gold Fields in northern Tanzania, one of Africa’s largest producing gold regions, 140km by sealed road southwest of Mwanza, Tanzania’s second largest city, and 60km from Barrick Gold’s 18Moz Bulyanhulu Gold Min
Proven high-grade, shallow gold resource has the potential to produce 50,000oz per annum
Previous positive development studies completed based on large scale conventional open pit operation and CIL processing plant, and EIA approved providing opportunity for near-term development
Excellent infrastructure, including national highway, power and an established camp with office, accommodation, and workshop facilities