Overview
| Stage | Construction |
| Mine Type | Tailings |
| Commodities |
|
| Mining Method |
|
| Mine Life | 13 years (as of Jan 1, 2022) |
Pan African completed a definitive feasibility study (DFS) on the Mogale Gold tailings storage facilities (TSFs) (the Project) and announced the results of this study on 30 June 2022 (the Study). The Study demonstrated compelling economics and the potentialto significantly increase Group gold production (an increase in excess of 25% compared to current Group annual production) over an initial life of mine (LOM) of 13 years. Re-mining of the Mintails SA Soweto Cluster Proprietary Limited TSFs has the potential to add further production upside and extend the LOM to 21 years.
Following the completion of the DFS, Pan African commenced detailed engineering optimisation studies and the impact assessments required for the environmental authorisation process, stakeholder engagements and permitting. |
| Latest News | Pan African begins construction of Mintails project May 26, 2023 |
Source:
p. 1
October 6, 2022 - Pan African is pleased to inform shareholders that the Company has closed the transaction to acquire the total share capital and claims of Mogale Gold Proprietary Limited (Mogale Gold) and Mintails SA Soweto Cluster Proprietary Limited (MSC).
Mogale Gold - the holding company of the TSFs located on the West Rand in South Africa.
MSC – the holding company of the TSFs located within the Soweto cluster in South Africa.
Contractors
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Summary:
The Mogale Gold TSFs, which comprise various individual dams, contain a Probable Mineral Reserve of 123.6Mt of re-mineable material at a head grade of 0.29g/t for an estimated content of 1.14Moz gold.
The size of the Mogale tailing is about 2.3 km2, with a depth thickness of 75 meters. Mogale tailings operated by Mogale Gold are 1L23-25, 1L12-15, 1L28, West Wits Pit. These areas are collectively referred to as the “Randfontein Cluster”.
Summary:
The study envisages hydro-mining to be utilised for the larger dumps, using hydraulic guns of similar specification as used at Elikhulu, cutting mine widths of 15m wide and 20m deep. The North Sands and South Sands dumps are conducive to load-and-haul mining, to extract the resources from these dams.
Source:
Summary:
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Projected Production:
| Commodity | Units | Avg. Annual |
|
Gold
|
koz
| 50 |
Operational Metrics:
| Metrics | |
|
Ore tonnes mined, LOM
| ...... |
|
Annual processing capacity
| ...... |
* According to 2022 study.
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Reserves at June 30, 2022:
| Category | OreType | Tonnage | Commodity | Grade | Contained Metal |
|
Probable
|
Tailings
|
123.58 Mt
|
Gold
|
0.29 g/t
|
1,140,180 oz
|
|
Indicated
|
Tailings
|
121.62 Mt
|
Gold
|
0.29 g/t
|
1,126,855 oz
|
|
Inferred
|
Tailings
|
4.64 Mt
|
Gold
|
0.33 g/t
|
49,040 oz
|
Commodity Production Costs:
| | Commodity | Units | Average |
|
All-in sustaining costs (AISC)
|
Gold
|
USD
|
...... &nbs
|
|
Assumed price
|
Gold
|
USD
|
...... &nbs
|
* According to 2022 study / presentation.
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Operating Costs:
| | Units | 2022 |
|
Total operating costs ($/t milled)
|
USD
| 5 * |
* According to 2022 study.
2022 Study Costs and Valuation Metrics :
| Metrics | Units | LOM Total |
|
Initial CapEx
|
$M USD
|
......
|
|
Pre-tax NPV @ 9.5%
|
$M USD
|
......
|
|
Pre-tax IRR, %
|
|
......
|
|
Pre-tax payback period, years
|
|
......
|
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Corporate Filings & Presentations:
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News:
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