Goldstone submits economic plan for satellite deposits around Akrokeri project
Aim-listed Goldstone Resources has submitted its definitive economic plan (DEP) for the Akrokeri-Homase gold project to Ghana’s Minerals Commission for review.
The company is seeking to move rapidly towards establishing its first operating mine within the Homase trend. It says the DEP demonstrates the viability for a low-cost mining operation.
The DEP recommends using a contract mining method and sets out the basis for a low-cost heap leach processing facility to process material from three satellite openpits along the Homase trend, on either side of the previously mined Homase pit.
This initial mining operation would generate cash flows to fund further development of the Akrokeri-Homase project.
The DEP estimates an initial capital cost of $6.5-million for a project with an after-tax net present value of $19.5-million and an after-tax internal rate of return of 143% at a gold price of $1 300/oz.
Goldstone further anticipates an after-tax payback of the initial capital cost within one year.
Moreover, the DEP estimates that the proposed mine contains a mineable resource of about 82 000 oz of contained gold in oxide ore, with a projected 82% recovery from 2.17-million tonnes of oxide ore, at an average grade of 1.2 g/t gold. This satellite mineable resource is part of the Akrokeri-Homase project’s total mineable resource of 602 000 t.
Goldstone says that, with the DEP submitted, the environmental-impact assessment will follow suit and be submitted along with a mining lease application.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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