GoldStone expects definitive economic plan for Ghana mine to be completed in Q2
Aim-listed GoldStone Resources expects the definitive economic plan (DEP) for its Akrokeri-Homase gold project, in Ghana, to be completed during the second quarter.
The DEP assesses the capital requirements, operating costs and timelines in respect of developing an operational mine on the Homase Trend, which is a key milestone in the company’s strategy to become a gold producer.
The Homase Trend is an about 8-km-long gold-in-soil anomaly within the Akrokeri-Homase project, located on the northern end of the Ashanti goldbelt, in Ghana, which is also 12 km along strike from AngloGold Ashanti’s Obuasi gold mine.
A UK company called MAED, which is owned by GoldStone nonexecutive chairperson Bill Trew, is undertaking the DEP.
The company hopes to have the plan ready for final government approval by May. MAED preliminarily said that a low-tonnage, gravity and combined heap leach facility can achieve early-stage cash flow with minimal capital expenditure.
Meanwhile, Optimal Development Consult has been assigned to complete the environmental-impact assessment, which is a prerequisite to obtaining a mining licence.
The company also expects results of additional trenching that targeted the mineralised zone along the Homase Trend to the north of the existing Homase openpit, to be released in the second quarter.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation