For thousands of other reports visit RSC's Mineral Intellingence Map
Pan African Resources Plc
Summary
| Project: | Barberton Mines | |
|---|---|---|
| Deposit: | Royal Sheba | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 3/28/2018 | |
| Report Code: | SAMREC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-3-2018: Pan African Resources Plc announces a Resource Estimation report for its Royal Sheba deposit at the Barberton Mines project. Updated mineral resource at Royal Sheba deposit. Pan African previously communicated that the Royal Sheba orebody has t | |
| Resources: | (Resource, Total): 5.89Mt @ 3.80g/t Au for 0.72Moz Au contained | |
| CP/QP: | [Resources]: Barry Naicker (Internal) | |
| ABSTRACT: | Pan African previously communicated that the Royal Sheba orebody has the potential to deliver approximately 30,000oz per annum at a relatively low production cost. The Company has mandated DRA Global to undertake a life-of-mine technical feasibility study on the Royal Sheba orebody, which is planned to be completed during 2018. The Royal Sheba orebody forms part of the Barberton Mine complex and was historically mined on a small scale (approximately 2,000 tonnes per month) to a depth of 340 metres below surface. Due to poor economic returns resulting from the low tonnage mining profile, and the prevailing low gold price at that time, it was closed during 1996. In the 2010 financial year, a concept study was completed by Turgis Consulting (“Turgis Study”) with the aim of re-opening the mine as a larger, mechanised, stand-alone operation. The Turgis Study found that it was a viable proposition, but required a significant amount of capital expenditure for a new shaft system to be sunk from the surface and the construction of a new gold plant. Since the Turgis Study was completed, several synergies have been identified at the Barberton Mines complex, which indicate that the Royal Sheba orebody could be a viable economic proposition with a materially lower capital investment than previously envisaged. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report