Name of the Project
Blyvoor gold project.

Location
Gauteng, South Africa.

Project Owner/s
Blyvoor Gold Capital.

Project Description
Blyvoor Gold is targeting a resumption of mining at the new refurbished Blyvoor gold mine in the last quarter of this year.

Large blocks of ore, with grades of 20 g/t, 15 g/t and 10 g/t, are available to be mined, reflecting the good margins the mine can expect from the historical high cutoff grades of the past. While the carbon leader reef is substantially mined, a large amount of Middelvlei reef remains available for mining. Initially the mine will target a 50:50 mix of the Carbon Leader reef and the Middelvlei reef.

The project includes the construction of a brand new gold treatment plant to initially treat surface material and vamping’s from 15 level underground. As underground production tonnages become available, these will be treated preferentially given their higher grade.

New techniques for drilling, blasting, cleaning, mining and related activities, will also be implemented to keep costs down.

Mineral resources are substantial and the mine plan has allowed for a mineral reserve of about 1.3-million ounces to be declared.

Potential Job Creation
Initially, 1 000 jobs will be created, increasing to 2 000 jobs.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
R1.5-billion.

Planned Start/End Date
Underground production from stoping is scheduled to begin in December 2019 and gold production is poised to build up to about 300 kg a month by April/May 2020.

Latest Developments
The Blyvoor 5 shaft winder complex and main shaft are in the final stages of recommissioning.

Key Contracts and Suppliers
EHL (electricity supply).

On Budget and on Time?
The project is currently ahead on budget and time.

Contact Details for Project Information
Blyvoor Gold, tel +27 11486 2842/2988.