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Bibiani FS to be completed in mid-2016

1st July 2015

By: Creamer Media Reporter

  

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JOHANNESBURG (miningweekly.com) – ASX-listed Resolute Mining plans to complete a feasibility study (FS) on its Bibiani gold project, in Ghana, in mid-2016, after an underground scoping study delivered positive results.

The scoping study, undertaken by Snowden Mining Industry Consultants, revealed an underground mining inventory of 4.3-million tonnes at 4.2 g/t of gold at a 3.25 g/t cutoff for 574 000 oz.

About $15-million would be required for underground development and a further $15-million for plant and infrastructure upgrades.

The project had an estimated five-and-a-half-year mine life.

Resolute noted that aspects of the FS work, including an underground geotechnical evaluation, process plant engineering studies and a metallurgical assessment, were already under way.

Further, the company would, over the next 12 months, assess a number of value-add scenarios to further optimise Bibiani and enhance the project’s financial performance.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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