Harmony declares maiden resource at Kili Teke prospect
JOHANNESBURG (miningweekly.com) – Gold miner Harmony Gold is “thrilled” with the prospect of transforming its Kili Teke resource – the first new porphyry copper-gold deposit defined in Papua New Guinea since the Golpu discovery in the early 1990s – into a major new deposit.
Following the declaration of the greenfield project’s maiden resource of four-million gold-equivalent ounces on Tuesday, CEO Graham Briggs said the initial inferred mineral resource estimate for Kili Teke represented an “extremely positive” outcome from the project’s early-stage drilling.
The drilling programme of the copper-gold deposit on Harmony’s 100%-owned exploration licence EL2310 showed an initial inferred mineral resource of 128-million tonnes at 0.4% copper, 0.3 g/t gold and 170 parts per million molybdenum, containing 506 000 t of copper, 1.2-million ounces of gold and 22 000 t of molybdenum.
“The declaration of a maiden resource is step one in growing a magnificent resource base – one which is wholly owned by Harmony. Our exploration discovery cost is less than $10 per gold-equivalent ounce – one of the lowest worldwide,” Briggs commented.
The South African Mineral and Resources Committee- and the Joint Ore Reserves Committee-compliant mineral resource had been defined over a 600-m-long, 300-m-wide and 400-m-deep zone.
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