PERTH (miningweekly.com) – ASX-listed gold miner Resolute Mining expects to make a final investment decision on its Bibiani gold mine, in Ghana, before the end of this year.
MD and CEO John Welborn told delegates at the fifteenth yearly Africa Downunder conference, in Perth, that the company was currently updating a feasibility study on the project along with additional drilling work.
“This asset has everything we need - a three-million-tonne-a-year processing plant, underground infrastructure that has been successfully mined before, and there is a lot of potential, and we are working on it,” Welborn said.
A 2016 feasibility study estimated that a capital injection of $72-million would be required to develop a 1.2-million-tonne-a-year underground mine at Bibiani, producing some 100 000 oz/y of gold over a five-year mine life.
Welborn has previously labelled Bibiani as a key growth asset for Resolute. He said on Wednesday, however, that the company would be "responsible" with any capital invested at the gold project.