Mining Intelligence and News
South Africa

Lily Mine

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Categories

Overview

Mine TypeUnderground
StatusCare and Maintenance
Commodities
  • Gold
Mining Method
  • Longhole stoping
Mine Life... Lock
SnapshotLily mine was placed under business rescue after Lily Mine collapsed in February 2016. Mining operations ceased and MIMCO, a subsidiary of Vantage Goldfields, was unable to pay its debts.

Vantage remains determined and fully committed to pursuing the rescue of its companies and the implementation of the business rescue plans, which include the payment of creditors, reopening of both the Lily and Barbrook mines.

Vantage will continue to seek to implement its plans to pay creditors and to reopen both the Lily and Barbrook mines.

Owners

SourceSource
CompanyInterestOwnership
Lomshiyo Investments (Pty) Ltd. 26 % Indirect
Vantage Goldfields Ltd. 74 % Indirect

Deposit type

  • Vein / narrow vein

Summary:

The Lily mine is a lode gold deposit along the faulted interface between the Figtree and Onverwacht groups of the Archaean Barberton greenstone belt. The Onverwacht metavolcanics are composed of talc and talc-carbonate schists derived from ultramafic precursors, while the Figtree metasediments comprise interbedded greywacke, shale and chert. The general trend is an east-west strike with asteep southerly dip. The shearing andmineralisation are parallel to the regional fabric. The gold mineralisation is structurally controlled and associated with fine grained pyrrhotite, minor arsenopyrite and chalcopyrite, and with quartz-carbonate veins.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

Production Costs

Commodity production costs have not been reported.

Heavy Mobile Equipment

Fleet data has not been reported.

Aerial view:

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