Overview
Stage | Production |
Mine Type | Open Pit |
Commodities |
|
Mining Method |
|
Production Start | ...  |
Mine Life | 2042 |
QKR Namibia Mineral Holdings (Pty) Ltd. completed conceptual and prefeasibility studies for the underground mining and expansion of the processing plant.
Commenced the Trial Underground Mine for Underground Mine feasibility study. First blast of the Trial Underground operations in April 2021. |
Source:
p. 64
Company | Interest | Ownership |
JG Investment Investments (Pty) Ltd.
|
7.5 %
|
Indirect
|
QKR Corporation Ltd.
|
92.5 %
|
Indirect
|
QKR Namibia Mineral Holdings (Pty) Ltd – 92.5%
JG Investment Investments (Pty) Ltd (EpangeloGold) – 7.5%
Contractors
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Summary:
The Navachab gold deposit is located in the Pan-African Damara Orogen and hosted by greenschist-amphibolite facies calc-silicates, marbles and volcaniclastic rocks. The rocks have been intruded by granite, pegmatite and aplitic dykes and have also been deformed into a series of alternating dome and basin-like structures.
The mineralisation at Navachab forms a sheet-like body which plunges at an angle of approximately 20° to the northwest. The mineralisation is predominantly hosted in a sheeted quartz vein set (approximately 60% of tonnage) and a replacement skarn (approximately 40% of tonnage). The mineralisation in the main pit is hosted by a northeast to southwest striking metamorphosed sequence of calc-silicates, marbles and volcaniclastic rocks that dip at 70° to the west. The gold is very fine-grained and associated with pyrrhotite and minor amounts of pyrite, chalcopyrite, arsenopyrite, sphalerite, maldonite and bismuthinite. An estimated 90% of the gold occurs as free gold and the remainder is present in minerals such as maldonite (Au2Bi). Silver is also present with a gold to silver ratio of approximately 15 to 1.
Summary:
The total mining function, including drilling, blasting, loading, and haulage of ore and waste, is the responsibility of the mining contractor until 2004.
The mining operation has been owner-operated since mid 2004.
Commenced the Trial Underground Mine for Underground Mine feasibility study. First blast of the Trial Underground operations in April 2021.
Source:
Source:
Summary:

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Production:
Commodity | Units | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
Gold
|
kg
| ......  | ......  | ......  | 1,427 | 1,843 | 1,890 |
All production numbers are expressed as metal in doré.
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Operational Metrics:
Metrics | 2013 |
Tonnes milled
| 1.4 Mt |
Reserves at December 31, 2013:
Category | Tonnage | Commodity | Grade | Contained Metal |
Proven & Probable
|
46.34 Mt
|
Gold
|
1.29 g/t
|
1.92 M oz
|
Total Resource
|
103.96 Mt
|
Gold
|
1.17 g/t
|
3.91 M oz
|
Financials:
| Units | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
After-tax Income
|
M NAD
| ......  | ......  | ......  |
-185
|
-111.5
|
244.8
|
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Corporate Filings & Presentations:
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