“We look forward to progressing our strategy of building a premier multi-asset African gold producer, with our Koné project at the forefront.”The nearest major centre to the Koné project is Séguéla 80 km to the south. The project has total probable reserves of 11.3 million oxide tonnes grading 0.63 g/t gold, 7.9 million transition tonnes at 0.63 g/t gold, and 155.1 million fresh tonnes at 0.73 g/t gold. Including the probable reserves, the Koné deposit has an indicated resource, using a cut-off of 0.20 g/t gold, of 229 million tonnes grading 0.59 g/t gold and containing 4.4 million ounces. There is also an inferred resource for Koné of 25 million tonnes grading 0.5 g/t and containing 400,000 oz. The processing plant will have an annual throughput of 11 million tonnes and feature two parallel high-pressure grinding rolls followed by ball mills.

Source: The North Africa Journal March 13, 2024 18:33 UTC