Name and Location
Namoya heap-leach gold project, Democratic Republic of Congo (DRC).

Client
Banro Corporation.

Project Description
The Namoya project is situated at the south-western end of the Twangiza-Namoya gold belt, in the Maniema province of the eastern DRC, and covers an area of 174 km².

The preliminary assessment for the project proposes a two-million-ton-a-year heap-leaching processing facility, with an upfront, three-stage crushing system to produce 10 mm material, which will be agglomerated, transported and stacked on a permanent leach pad by a series of conveyors. The proposed heap-leach operation could produce an average of 131 000 oz/y of gold, over a seven-year mine life.

The total installed power for the mine is estimated at 4 MW and will be provided by diesel generators.

Value
$118.2-million

Duration
preconstruction activities on the project started in the fourth quarter of 2011, with bulk earthworks expected to start at the end of May 2012.

The commissioning of the mine is planned for March 2013.

Latest Developments
Mineral processing and project management company MDM Engineering has been awarded the engineering, procurement and construction management (EPCM) contract for the Namoya gold project.

Key Contracts and Suppliers
MDM Engineering (EPCM).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Banro Corporation tel +1 416 366 2221 or email info@banro.com.
MDM Engineering, tel +27 11 993 4300, fax +27 11 886 9306 or email info@mdm-engineering.com.