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Author: Admin | 2025-04-27
Of heavy mobile equipment and light vehicles, including a caterpillar grader, loader, bell trucks, excavators, coaster bus, and truck and semi-trailer. The equipment is wholly owned by the company and will be used to conduct pre-development works and mining operations.An existing camp set-up, known as Douta Camp, can accommodate 120 people and features offices, dining hall, laundry and shower block. The camp compound also has a core shed, a vehicle maintenance facility, fuel storage area, and medical centre.Contractors involvedThe feasibility study for the project was conducted by independent consultants, including Australian Mine Design & Development, Xstract Mining Consultants, Trevor Clark & Associates, Binks Metallurgical & Environmental Resources, Timora and Australian Minmet Metallurgical Laboratories.Processing plant equipment required for its upgrade is being supplied by Vanture International, a China-based sourcing and procurement firm.FinancingWith the existing infrastructure in place, the African gold mine is estimated to require a capital investment of $12.1m and an operating investment of $117m.The JV is considering a number of alternatives to fund the development of the gold project. It raised $556,414 in September 2014 by issuing more than 201 million shortfall shares at an issue price of 2¢ per new share. Related Projects Visit Profile -->
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