Shanta Gold provides Singida project update

Singida project update highlights:

• Overall construction activity at the project is 93% complete.
• All essential equipment for operation of the gold mine is now delivered to site.
• The stockpile of crushed ore has now reached 32 300 t equal to over one month of supply, significantly de-risking the ramp-up period of operations.
• The run of mine stockpile at the Singida process plant is currently 127 000 t at an average grade of 3.34 g/t containing 13 581 oz of gold equal to approximately 4 months of processing.
• The installation of tailings storage facility (TSF) HDPE liner for partial deposition is on track for completion in March 2023.
• Hot commissioning of the NCP-manufactured milling circuit planned for the second half of February 2023.
• Hot commissioning of the COMO engineering elution and electrowinning circuit underway.
• Hot commissioning of the full process plant is planned for March 2023.
• Shanta welcomed back George Kondela, new General Manager of Singida, in January 2023 to lead the Singida Gold Mine. George is a Tanzanian national with 24 years of mining experience having worked with Barrick, Randgold, Mineral Deposits, Placer Dome and Pan Australian Resources. George is well known to the Shanta team over the last 20 years and previously worked with Shanta in 2019/20 before being recruited to Barrick. George is a trained geologist and will also focus on reserve life expansion at Singida, where the existing resource base is hugely underexplored and ripe for geological upside across the existing various greenstone deposits.

Eric Zurrin, Chief Executive Officer, commented:

“We are delighted with the great progress being made at Singida, with construction on schedule for first production next month. The completion of this mine will transform Shanta Gold into a 100 000 oz/yr producer with a diversified resource base, de-risking the balance sheet and providing the business with further financial flexibility.”

Read the article online at: https://www.globalminingreview.com/mining/14022023/shanta-gold-provides-singida-project-update/