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Acacia Mining Plc
Summary
| Project: | South Hounde | |
|---|---|---|
| Deposit: | South Hounde | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 7/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-7-2019: Acacia Mining Plc announces a Resource Estimation report for its South Hounde deposit at the South Hounde project. Competent Persons' Report on project. SRK Consulting (UK) Limited (“SRK”) has been appointed by Acacia Mining plc (“Acacia” or the | |
| Resources: | (Resource, Inf.): 21.50Mt @ 1.52g/t Au | |
| CP/QP: | [Resources]: Mike Armitage (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | SRK Consulting (UK) Limited (“SRK”) has been appointed by Acacia Mining plc (“Acacia” or the “Company”) to prepare a Competent Persons’ Report (“CPR”) inclusive of an independent technical valuation (the “Independent Technical Valuation” or “ITV”), pursuant to the Requirements (defined in Section 1.2 below) on the mining and exploration assets (the “Mineral Assets”) of the Company, located in the Republic of Tanzania (“Tanzania”), “Burkina Faso”, the Republic of Kenya (“Kenya”) and the Republic of Mali (“Mali”). In this “Executive Summary”, SRK presents its principal findings with regards to the ITV which is largely based on its review and audit of the Mineral Resource and Ore Reserve statements reported as at 31 December 2018 (the “2018 Statements”) and the accompanying life-of-mine plans (the “LoMps”) as reported herein over a 8-month period. The key findings are included in Section 2 of this Executive Summary which incorporates the results of the ITV (Section 2.3; Table ES 5) which should also be considered alongside the Risks and Opportunities as reported in Section 2.4. SRK confirms that it has validated and verified (Section 1.4) all material technical issues likely to influence the 2018 Statements and LoMps and has placed reliance thereon for the derivation of the ITV as reported herein. | |
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