Baomahun gold project, Sierra Leone
Name and Location
Baomahun gold project, Sierra Leone.
Client
Amara Mining.
Project Description
The maiden mineral reserve defined for Baomahun is 23.27-million tonnes at 1.62g/t for 1.21-million ounces, at a gold price of $1 100.
The feasibility study envisages an openpit operation with a mine life of 11.5 years and a two-million-tonne-a-year processing plant, incorporating single-stage crushing, semiautogenous milling and a carbon-in-leach circuit.
The openpit will comprise two adjacent and interconnecting pits.
Owner-operator mining using a conventional truck and shovel method is assumed.
Average production is expected to be 148 550 oz/y over the first six years at 2.53 g/t head grade, with the production of 203 970 oz at 3.90 g/t in the first year, generating strong cash flow.
Value
The upfront capital cost for the project is $151-million, with a further $86-million for the mining fleet and power generation plant, which could be deferred by leasing these items.
The total preproduction capital cost is $253-million, including contingency.
Duration
Not stated.
Latest Developments
Following the release of the feasibility study, Amara will begin discussions with its strategic partner, Samsung C&T Corporation, and other interested parties to finance the development of the project.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Amara Mining, tel +44 20 7398 1420 or fax +44 20 7398 1421.
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