Aim-listed Shanta Gold’s Singida gold project, in central Tanzania, remains on track for first production in early 2023, and is set to transform the company into a greater than 100 000 oz/y gold producer with a diversified resource base.
“We are delighted with the great progress being made at Singida, with construction on schedule for first production in quarter one 2023,” says CEO Eric Zurrin, noting that the project will de-risk the balance sheet and provide the business with further financial flexibility.
Overall construction activity at the project is about 70% complete.
A Metso-manufactured crushing circuit has been installed and cold commissioning has been completed.
A New Concept Projects-manufactured grinding circuit installation is ongoing and cold commissioning is planned in December.
Zone 1 of the Gold Tree pit has been excavated to 15 m. Total depth by year four is estimated to reach 150 m. The Gold Tree deposit contains 49% of all of the current mineral resources at Singida.
Installation of the carbon-in-leach tanks is ongoing, with space accommodated for two additional tanks should expansion be necessary in the future.
The installation of a clay lining cushion layer and a high-density polyethylene liner at the tailings storage facility is planned for the fourth quarter.