But here you go.
Chairman’s Letter:
- Transition from explorer to mine operator, nearing completion, focused on Qala Shallows project, gold production anticipated within eight weeks after operations begin.
Qala Shallows Mine:
- Due diligence on a ZAR300 million debt facility completed.
- Project ready to start with regulatory approvals and infrastructure in place.
- Forecasted gold production: ~70,000 ounces per annum with an all-in cost under US$1,000/oz
Definitive Feasibility Study (DFS):
- Life-of-Mine: 18 years.
- Financials: Free cash flow of US$522M, peak funding of US$54M.
Mineral Resources:
- Global Mineral Resource Estimate: 29.0Mt at 4.58g/t for 4.27Moz gold.
- Current Ore Reserve: 4.03 million tonnes at 2.71g/t for 351,400 oz gold.
Operations Review:
- South Africa operations focus on the Witwatersrand Basin Project (WBP).
- Qala Shallows expected to create 1,000 direct jobs.
Key Contracts:
- Agreements for water, power, and explosive supplies are in place to ensure smooth operation.
Australia:
- Mt Cecelia Project in Western Australia focuses on gold and base metal exploration.
- Recent drilling has shown promiting gold mineralization
Environmental, Social, and Governance (ESG):
- Commitment to environmental stewardship, low-impact operations, and community engagement through local economic development programs.
Corporate Engagement:
- Active industry engagement through conferences and presentations to investors.
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- Ann: Annual Report to shareholders
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3 | 151220 | 0.027 |
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0.023 | 1000000 | 1 |
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