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Tanzania

Singida Mine

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Singida Mine

Location: 55 km SE from Singida, Tanzania

Regional Office:

1st Floor, Horizon Building Plot No. 157, Haile Selassie Road Oysterbay
Dar es Salaam
Tanzania

Contacts:

Additional Resources for Suppliers & Investors

Categories

Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotThe first gold pour on 30 March 2023 at the Singida gold Mine. Commercial production declared on 1 June 2023.

Seven open pits are planned to be mined as per the current Life of Mine Plan.

Owners

SourceSource
CompanyInterestOwnership
ETC Holdings Ltd. 100 % Indirect
On 20 December 2023, the boards of directors of Shanta Gold Limited and Saturn Resources Ltd (Bidco), a wholly-owned subsidiary of ETC Holdings (Mauritius) Limited (ETC Holdings), made an announcement that they had reached agreement, pursuant to which Bidco will acquire the entire issued, and to be issued, share capital of Shanta not already owned by any member of the Bidco Group. It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement.

On 8 May 2024, the board of Shanta Gold Limited announced that the Court had sanctioned the Scheme.

On 10 May 2024, Shanta and Saturn Resources Ltd (Bidco) are pleased to announce that the Scheme has now become Effective in accordance with its terms and the Scheme Shares are now owned by Bidco, and the entire issued share capital of Shanta is owned by the Bidco Group.

Contractors

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SourceSource

Deposit type

  • Metamorphic

Summary:

The geology of the Singida area is dominated by the Tanzanian granite-gneiss craton. Poorly exposed greenstone remnants were identified within the granite gneiss terrain during mapping by the Geological Survey of Tanzania (Haidutov 1976). These greenstones comprise an intercalated sedimentary and volcanic sequence with similarities to the Nyanzian Supergroup (System) of the Lake Victoria Goldfields.

The volcanic rocks encountered are predominantly basaltic lava and localised hypabyssal diorite/microdiorite intrusives. Meta-sedimentary rocks consist mainly of metaquartzitic lithologies, with subordinate siltstones, mudstones and banded ferruginous chert also encountered. The orientation of the layering is generally parallel to the basement foliation. Isoclinal folding is also evident.

The Nyanzian lithologies are generally metamorphosed to greenschist- and lower-amphibolite facies with localised occurrences of upper amphibolite grade. Post tectonic granite intrusives are common throughout the area.

Gold mineralisation is associated with penetrative brittle-ductile, steeply dipping, quartz veined shear zones that generally approximate the strike of lithological contacts.

The area south of Singida is exceptionally flat lying with little relief except for the granite intrusives that form prominent tors. Weathered overburden profiles are dominated by Neogene transported pedogenic gravels and related soils. Black Cotton soils (Mbuga) occurs locally.

Singida orebodies open along strike and at depth with numerous previously identified parallel structures.

The mineral resource estimate is hosted in a greenstone deposit that incorporates three mining licenses and seven mineralised zones with a combined strike length of 4.9 km.

Widths range from 5-15 metres and mineralisation extends approximately 500 metres below the topographical surface.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

The first gold pour on 30 March 2023. Commercial production declared on 1 June 2023.
CommodityProductUnits20242023
Gold Metal in doré oz  ....  Subscribe  ....  Subscribe
Gold Metal oz
^ Guidance / Forecast.

Operational metrics

Metrics2023
Ore tonnes mined  ....  Subscribe
Tonnes milled  ....  Subscribe

Production Costs

CommodityUnits20242023
All-in sustaining costs (AISC) Gold USD  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Aug 4, 2024
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EmployeesYear
...... Subscription required 2020

Aerial view:

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