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Randgold Resources Ltd.
Summary
| Project: | Loulo-Gounkoto | |
|---|---|---|
| Deposit: | Loulo, Gounkoto | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 9/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-9-2018: Randgold Resources Ltd. announces a Resource Estimation report for its Loulo, Gounkoto deposit at the Loulo-Gounkoto project. Annual updated of mineral resources and ore reserves at project. The purpose of this report is to support the public d | |
| Resources: | (Reserve, P+P): 36Mt @ 4.51g/t Au for 5.2Moz Au contained at Loulo | |
| CP/QP: | [Resources]: Simon Bottoms (Internal) | |
| ABSTRACT: | The purpose of this report is to support the public disclosure of the year end 2017 Mineral Resource and Ore Reserve estimates at the Loulo-Gounkoto Gold Mine Complex (LouloGounkoto, the Mine or the Project), consisting of the Loulo Gold Mine (Loulo) and the Gounkoto Gold Mine (Gounkoto) located in western Mali. This Technical Report conforms to National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101). All currency in this report is US dollars ($) unless otherwise noted. Société des Mines de Loulo SA is an exploration and mining company and the owner of the Loulo mine, which is held 80% by Randgold Resources Limited, (Randgold) and 20% by the state of Mali. Société des Mines de Gounkoto SA is an exploration and mining company and the owner of the Gounkoto mine which is held 80% by Randgold and 20% by the state of Mali. Randgold is the operator of Loulo and Gounkoto. Randgold is developing, and operating gold mines in West and East Africa. The most notable of these are the following The Project is an operating mine site comprising two underground mines (Yalea and Gara) at Loulo, the Gounkoto open pit mine, satellite deposits, and a processing plant (4.8 Mtpa capacity), together with other associated mine operation and regional exploration infrastructure. The plant produces gold doré bars. Total mine production from underground and open pits in 2017 was 4.9 Mt at a head grade of 5.0 g/t Au for a total of 730 koz of gold (92.7% recovery). Loulo-Gounkoto is situated in western Mali adjacent to the Falémé River which forms the international boundary with Senegal. The Republic of Mali is a landlocked country and is bordered by Guinea, Senegal, Mauritania, Algeria, Niger, Burkina Faso, and the Cote d’Ivoire. | |
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