Resolute eyes big picture at Bibiani
PERTH (miningweekly.com) – ASX-listed gold miner Resolute Mining is hoping to turn its recently acquired Bibiani project, in Ghana, into a high-margin, long-life operation.
“To make sense for us, the project needs to be a 100 000 oz/y or more operation and have a decent mine life,” Resolute CEO John Welborn said on the sidelines of the Africa Downunder conference.
Surface operations at Bibiani were suspended in May 2013, as owner Noble Mineral Resources revised its operational strategy with the aim of producing higher-margin ounces.
Resolute completed the acquisition of the Bibiani project from Noble, which went into administration at the end of 2013, in June 2014.
A subsequent scoping study revealed an underground mining inventory of 4.3-million tonnes at 4.2 g/t of gold at a 3.25 g/t cutoff for 574 000 oz.
The scoping study estimated that about $15-million would be required for underground development and a further $15-million for plant and infrastructure upgrades.
The project had an estimated five-and-a-half-year mine life.
Welborn said on Wednesday that Resolute would undertake more drilling to build the resource inventory at Bibiani, which would assist in justifying the scale of production planned for the project.
The company was also working to improve the project financials, with Welborn saying that most of the savings would come down to optimising the orebody.
“There are a lot of ounces in the ground at Bibiani. We now need to do the work that can define a project within our paramenters and then we will make an investment decision.”
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...
VISIT SHOWROOM
Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
