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Dunrobin gold project, Zambia

15th February 2013

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Dunrobin gold project, Zambia.

Client
Luiri Gold.

Project Description
A feasibility study has confirmed a technically feasible and economically robust project.

The project hosts measured resources of 978 000 t, with a grade of 2.6 g/t of gold; indicated resources of 1.063-million tons, with a grade of 2 g/t of gold; and inferred resources of 763 000 t, with a grade of 1.8 g/t of gold.

Gold production is forecast at 85 000 oz over an eight-year mine life.

Value
Initial capital expenditure is estimated at $20-million.

Duration
Not stated.

Latest Developments
Dunrobin is ready for development and negotiations with debt financiers are under way, with the key objective being the provision of initial debt development funding for Dunrobin during the first quarter of 2013.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Luiri Gold, tel +61 8 6313 5155, fax +61 8 9324 2977 or email info@luirigold.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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