- Write by:
-
Thursday, July 30, 2020 - 3:00:09 PM
-
626 Visit
-
Print
Mining News Pro - An independent scoping study into the Witwatersrand Basin gold project, in South Africa, could produce between 50 000 oz/y and 60 000 oz/y of gold at steady state production.
West Wits Mining noted that the scoping study identified five distinct reef packages to develop during the mining operation.
The combined mining operations delivered between 80 000 oz/y and 100 000 oz/y of historical production, however, West Wits told shareholders that owing to expected constraints in reopening the old shafts, the scoping study has concluded that the refurbished operation would achieve a moderately lower production rate.
“The scoping study provides a clear pathway to monetize the mineral resource, which is robust in terms of tonnes and grade. The project’s strength is only further enhanced by the current gold price with the South African rand price at record highs,” said West Wits MD Jac van Heerden.
A bankable feasibility study on the Witwatersrand Basin project is now scheduled to start in September this year, and will be completed in six to eight months.
An exploration programme is also planned for the project area.
Short Link:
https://www.miningnews.ir/En/News/575730
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
Adriatic Metals is taking over as the operator of the Rupice deposit development, which is part of the company’s Vares ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Rio Tinto said on Wednesday it is teaming up with a global venture studio and start-up investor to back the development ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and ...
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being ...
Mining News Pro - The ceremony of commemorating the tree planting day and the beginning of the afforestation project and ...
No comments have been posted yet ...