https://www.miningweekly.com

Makabingui granted Presidential Decree

24th July 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Bassari Resources has been granted a Presidential Decree for its Makabingui gold project, in Senegal.

The company said on Monday that the decree validated the terms of the Makabingui exploration permit, which was issued by the Mines Department and signed by the Minister of Mines and Geology.

“This is a significant milestone for Bassari and the Makabingui gold project, and we are delighted to have successfully concluded discussions and negotiations with the government of Senegal,” said Bassari executive chairperson Alex Mackenzie.

“Senegal as a stable democracy has demonstrated itself as supportive of international investment in the mining industry. From the initial resource discovery at Makabingui to full project approval and funding, we have received support from our many stakeholders and we look forward to delivering this project over the coming months."

The Makabingui project has a mineral resource of 11.9-million tonnes, grading 2.6 g/t gold for one-million ounces of gold. The first stage of development will see an openpit operation to access high-grade pits comprising 180 000 mined ounces.

The project will have a processing rate of 300 000 t/y and deliver an average 50 000 oz/y, over a nearly four-year mine life.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds today supplies steel and tube, pipe and fittings, valves, pumps, irrigation, fencing, profiling and roofing products. The cash...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.128 0.162s - 106pq - 2rq
Subscribe Now