Mining Intelligence and News
Tanzania

Nyanzaga Project

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Overview

Mine TypeOpen Pit & Underground
StagePermitting
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
  • Longhole open stoping
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
SnapshotNyanzaga’s DFS evaluated the technical and economic viability of various open pit and underground development scenarios. The study delivered an optimal development scenario of 4 Mtpa with concurrent development of both the open pit and underground operations.

Perseus is commencing Feasibility level mining studies on the Nyanzaga Gold Project with the intention of releasing Perseus’s first Mineral Resources and Ore Reserves estimates during the December quarter of 2024.

FEED studies across the project are underway in order to optimise engineering and capital cost estimates for the project.

A Final Investment Decision (FID) for the Nyanzaga Gold Project is expected by year end, enabling project development to commence in the new year with the aim of first gold production during the first quarter of 2027.

Owners

SourceSource
CompanyInterestOwnership
Government of Tanzania 16 % Indirect
Perseus Mining Ltd. 84 % Indirect
The compulsory acquisition process of the remaining OreCorp shares completed on 20 May 2024 and Perseus now owns 100% of the shares in OreCorp Limited.

OreCorp holds an 84% interest in the Nyanzaga Gold Project in partnership with the Government of Tanzania.

Contractors

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Deposit type

  • Orogenic
  • Vein / narrow vein
  • Breccia pipe / Stockwork

Summary:

The Nyanzaga and Kilimani deposits are orogenic gold deposit types. The mineralisation is hosted by a cyclical sequence of chemical and clastic sediments (chert/sandstone/siltstone) interbedded volcaniclastic rocks bound by footwall and hanging wall volcanoclastic units.

The Nyanzaga and Kilimani deposits occur within a sequence of folded Nyanzian sedimentary and volcanic rocks. The current interpretation of the Nyanzaga deposit recognises a sequence of cyclic (C1, 2 etc) mudstone, sandstone and chert units folded into a northerly plunging anticline. The Kilimani deposit, located 450 m northeast of Nyanzaga, is developed in the fold hinge of an interpreted west-northwest striking double plunging anticline. The bulk of the Kilimani deposit occurs in the heavily weathered zone, within 140 m from surface.

Gold mineralisation at Nyanzaga is concentrated at the intersection point of the north-west trending Nyanzaga Fault Zone (Far Eastern and Eastern Faults); the Axial and Central Faults; and the north-northwest structures plunging Nyanzaga Anticline. The higher-grade mineralisation occurs in lodes associated with mid to late stage, sub-vertical second order north-west to north-northwest and/or reactivated north to north-northwest structures (Axial Fault Zone) relating to the second phase of deformation (D2) deformation.

Preferential grade enhancement occurs in selected altered units such as the thick cherts, silica-dolomite altered medium grained sandstones, brecciated silica-carbonate altered mudstones; or along the margin of late quartz veins as free gold.

Mineralisation at the Kilimani deposit is currently mostly defined in the oxidised to partially oxidised profile and implies secondary enrichment. The mineralisation style at Kilimani appears similar to the Nyanzaga, fault-controlled mineralisation. The mineralisation has an AuMo-As-Sb-Mn-Ba geochemical association, which is characteristic of the fault-controlled earlystage carbonate replacement mineralisation observed at Nyanzaga. It is reasonable to assume that the fluids between Nyanzaga and Kilimani are interconnected. Kilimani may have been a higher-level development of the Nyanzaga system now structurally juxtaposed.

At Nyanzaga, three key alteration assemblages have been identified; Stage 1, Crustiform carbonate stockwork; Stage 2, Silica – sericite - dolomite breccia replacement overprint; and Stage 3, Silica-sulphide-gold veins. At Kilimani, most of the recognised mineralisation occurs in the oxidised profile. Where intersected in fresh material, the mineralisation is associated with strongly carbonated stock work and disseminated replacement. Mineralisation at Kilimani is reported as stratigraphically controlled in chert, mudstone, sandstones and interbedded volcaniclastic rocks.

Dimensions
Nyanzaga MRE The Nyanzaga deposit area extends over a north - south strike length of 0.6km (from 9,672,735mN – 9,672,110mN), has a maximum width of 0.44km and extends 800m vertically from 1,300mRL – 500mRL.

Kilimani MRE
The extent of the Mineral Resource is approximately 1 km along strike, 300 m in plan width and 240 m in depth.

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

CommodityUnitsAvg. AnnualLOM
Gold koz 2342,500
All production numbers are expressed as metal in doré.

Operational metrics

Metrics
Annual ore mining rate  ....  Subscribe
Annual milling capacity  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes milled, LOM  ....  Subscribe
* According to 2022 study.

Production Costs

CommodityUnits2022
Total cash costs Gold USD  ....  Subscribe
All-in sustaining costs (AISC) Gold USD  ....  Subscribe
All-in costs Gold USD  ....  Subscribe
Assumed price Gold USD  ....  Subscribe

Operating Costs

Currency2022
OP mining costs ($/t mined) USD 3.78 *  
Combined mining costs ($/t milled) USD  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2022 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
OP/UG OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 483.3
G&A costs $M USD 150.3
Total OpEx $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
Operating margin, %  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 5% $M USD  ......  Subscribe
After-tax NPV @ 5% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Required Heavy Mobile Equipment

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Personnel

Mine Management

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