Name: Tabakoto mine.
Location: Tabakoto mine is located in the Kenieba district, western Mali.
Brief history: Tabakoto was discovered in the mid-1990s during exploration activity. Feasibility work led to a production decision in 1993, with commercial production only beginning in June 2006.
Brief description: The mine encompasses both the Tabakoto mine and Segala mine, which is located within trucking distance to Tabakoto. The mines will produce about 100 000 oz of gold for about nine years: five years production life for Tabakoto followed by an additional 4 years of mining from the Segala openpit.
Mining method: Openpit.
Reserves: Total reserves for Tabakoto are 568 000 oz of gold. Total reserves for Segala are 381 000 oz of gold.
Resources: Total approximate resources are 1,5-million ounces of gold.
Geology: The Tabakoto deposit is situated in the Birimian greenstone belt. The high-grade shear zone hosts a gold deposit associated with dykes and intrusive rocks.
Major infrastructure and equipment: Current mine infra-structure consists of a three-stage crushing plant with a ball mill and carbon-in-leach (CIL) circuit, which is designed to treat 650 000 t of ore per year.
Prospects: The gold mineralisation at Tabakoto extends to depth and along strike of the deposit with regional exploration capability. Underground prefeasibility was conducted in 2000 to investigate the potential for future underground mining below the Tabakoto openpit. There are plans to re-evaluate the underground potential at Tabakoto later in 2006.
Controlling company: Nevsun Resources Ltd (100%).
Contact person: John Clarke, president and CEO.
Nevsun Resources Tel: (604) 623-4700 Fax: (604) 623 4701 Website: www.nevsun.com
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Tabakoto mine, Mali
Name: Tabakoto mine.
By: Megan van Wyngaardt
Aim-listed Vast Resources on Friday said it has drawn down $3-million of its $8-million financing arrangement with SSCG Africa Holdings (SSA), despite approval by the Reserve Bank of Zimbabwe (RBZ) still being outstanding. In January, the parties entered into an $8-million agreement, comprising a $4-million long-term loan and a $4-million payment for 49.99% of Vast’s principal Zimbabwean assets. →
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