Overview
| Status | Care and Maintenance |
| Mine Type | Underground |
| Commodities |
|
| Mining Method |
|
| Mine Life | 11 years (as of Jan 1, 2014) |
Lily 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. |
Source:
p. 9
Contractors
- Subscription is required.
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.
Summary:
Underground development and stoping utilise mechanised, long-hole drilling, blasting, mucking and hauling methods. Ore is hauled with mechanised equipment along specifically sized reef drives, hanging wall drives and ramps.
Source:
Summary:
- subscription is required.
Production:
| Commodity | Units | 2014 |
|
Gold
|
oz
| 24,845 |
Operational Metrics:
| Metrics | 2014 |
|
Tonnes milled
| 387,534 t |
Reserves at December 31, 2014:
| Category | Tonnage | Commodity | Grade | Contained Metal |
|
Proven
|
0.5 Mt
|
Gold
|
2.56 g/t
|
41,200 oz
|
|
Probable
|
4.37 Mt
|
Gold
|
2.36 g/t
|
331,800 oz
|
|
Proven & Probable
|
4.87 Mt
|
Gold
|
2.38 g/t
|
373,000 oz
|
|
Measured
|
7.11 Mt
|
Gold
|
2.22 g/t
|
507,400 oz
|
|
Indicated
|
5.76 Mt
|
Gold
|
2.09 g/t
|
387,100 oz
|
|
Inferred
|
13.6 Mt
|
Gold
|
2.09 g/t
|
914,100 oz
|
Mine Management:
| Job Title | Name | Profile | Ref. Date |
|
.......................
|
.......................
|
|
Nov 14, 2022
|
- Subscription is required.
Corporate Filings & Presentations:
- Subscription is required.
- Subscription is required.