https://www.miningweekly.com

Spitfire concludes Aphrodite acquisition, confirms mineral resource

25th January 2018

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – ASX-listed Spitfire Materials has completed its acquisition of the Aphrodite gold project and its 2012 Joint Ore Reserve Committee- (Jorc-) compliant 1.3-million-ounce gold resource, some 65 km north of Kalgoorlie, Western Australia.

Following its successful merger with ASX-listed Aphrodite Gold by way of a scheme arrangement, the company embarked on a A$5.33-million capital raising to underpin its gold exploration and development strategy for 2018.

This included a new 5 000 m resource in-fill and extensional drill programme at the Aphrodite project set to start later this month.

The 1.3-million ounce Jorc resource was completed as part of Aphrodite Gold’s prefeasibility study in 2017 and will form the basis of Spitfire’s 2018 exploration programme and potential future definitive feasibility studies.

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 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.166 0.206s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: