Name and Location
Massawa gold project, Senegal.

Project Description
The project, located in a hilly area about 700 km south-east of the capital, Dakar, contains more than three-million ounces of gold. The mine is expected to have a six-year life. Throughput is envisaged at 1,8-million tons a year, using three-stage crushing, ball milling with gravity, flash flotation and pressure oxidation of concentrate.

Value
Randgold Resources intends to invest $300-million in the project.

Duration
Building of the mine is expected to start in 2011, with start-up scheduled for 2013.

Client
Randgold Resources.

Key Contracts and Suppliers
None stated.

Latest Developments
Randgold Resources reports that the Massawa feasibility study has made good progress in the quarter to June 2010.

Work on the environmental, health and social baseline studies is complete, and compilation of these studies into the environmental-impact assessment (EIA) is well advanced.

The results of the detailed gold deportment study being conducted on Massawa have confirmed the existence of two distinct metallurgical domains that correlate well with the mineralisation styles identified.

The high-grade domain sample contained 66% free gold, with the remainder being contained within sulphide. The stibnite content is significant at 1,8% in this domain. The disseminated sulphide domain sample only reported 3% free gold, while the sulphides contain 80% of the total gold available in the sample. Stibnite is present only in trace amounts. The gold found associated with the sulphides in both domains is predominantly in solid solution and found in arsenopyrite and pyrite. For both composites, the refractory gold is a major component of the deportment and this gold will be recoverable only by means of a preoxidation step.

On Budget and on Time?
The deadline for the Massawa feasibility has been pushed out to 2011.

Contact Details for Project Information
Randgold Resources group corporate communications manager Lois Wark,
tel +44 207 557 7745 or email lwark@randgoldresources.com; or investor and media relations,
Kathy du Plessis, tel +44 207 557 7738 or email randgoldresources@dpapr.com.