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Botswana

Mupane Mine

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Summary

Mine TypeOpen Pit & Underground
StatusInactive / Suspended
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
SnapshotOn May 03, 2022, the Mupane mine was acquired by Hawks Mining Company Proprietary Limited, a company registered under the laws of Botswana and owned by certain individuals forming part of the Galane Gold’s local Botswana management team. The new Owner does not publish production data.

Mupane mine has not been operating since March 2024 owing to serious cash flow problems.

As of May 12, Mupane Gold Mine has been placed on sale through a Request for Offers, with bids due by Friday, June 13, 2025, and the project remains under the careful oversight of liquidators as its future hinges on a successful sale.

Owners

SourceSource
CompanyInterestOwnership
Mupane Gold Mining Pty., Ltd. 100 % Direct
The dispute over the sale of Mupane Gold Mining (Pty) Ltd’s assets, following its liquidation in February 2025, has advanced after the Court of Appeal rejected Ulsan Botswana’s attempt to halt the case.

The liquidation process involved a structured and transparent sale, using a secure data room, external experts, and strict bidding rules.

Of the three serious offers received, creditors voted on 26 August 2025 in favor of the Nova Africa–Agaone Joint Venture.

Ulsan, opposing this outcome, secured a temporary High Court order to stop the sale. Ulsan then challenged the appeal's validity over technical document flaws, which the Court of Appeal dismissed, noting that such issues do not nullify an appeal unless formally contested and set aside.

The court stressed the need to focus on the substantive issue—whether the sale process was fair and lawful—clearing the way for a full hearing that will ultimately determine the rightful buyer of Mupane’s mining assets.

Deposit type

  • Orogenic

Summary:

The Mupane deposits are located in an area known as the Mupanipani Hills, ridges formed by outcrops of banded siliceous and graphitic iron formation (GIF). These units of so-called "iron formation" are hosted by a sequence of metasediments, including coarse grained carbonate bearing conglomerates, para amphibolites, marbles, metapelites and minor orthoamphibolites. The host rocks are all variably schistose depending on the abundance of micaceous components (Tomkinson and Putland 2006).

The geology of the properties and the style of the gold mineralisation varies between the various deposits.

The Tati Greenstone Belt (TGB) hosts numerous small scale nickel and gold deposits.

The nickel deposits consist almost entirely of disseminated to semi massive sulphide bodies hosted by a series of late stage troctolitic intrusive bodies on the northeastern edge of the greenstone belt.

The belt has been extensively prospected in the past due to the abundance of numerous small scale narrow quartz vein hosted gold deposits. These deposits are all clearly related to late stage, high level brittle shear zones developed within the volcanics and sediments of the belt.

The deposits were generally refractory in the fresh sulphides and contained significant amounts of arsenopyrite and some stibnite although the gold is principally hosted within pyrite and to a lesser extent pyrrhotite (i.e. Map-Nora Lodes). The alteration associated with the mineralisation varies depending on the host rocks but typically consists of biotite, muscovite, chlorite, carbonate and ubiquitous quartz either as veins or silicification. Very few of these deposits appear to have developed significant magnitude to be worthwhile propositions for modern gold mining.

In style the gold mineralisation conforms to the Archaean Lode Gold or Orogenic Gold style of mineralisation. They all appear to have formed late in the history of the belt and closely resemble mineralisation seen in the Archaean greenstone belts of Canada, South America and Australia.

Mineralisation is a “disseminated-style" in well-bedded, silicified quartz-rich parts of the graphitic iron formation (GIF) at Tau and Tholo and partly silicified graphitic schists at Kwena. This style of mineralisation is unlike that of most Achaean gold deposits being a broad siliceous zone. Mineralisation is not dominated by discrete veins and the deposit lacks sharply-bounded loads. The mineralized parts are however distinctive due to the silicification of the GIF.

The ore zone at Tau lies within the GIF unit. In comparison to unmineralized GIF, mineralized GIF is substantially altered. The addition of silica, remobilized silica, carbonate, wallrock fragmentation and the addition of vein quartz and sulphides have in large part overprinted the original features of the GIF. Mineralized GIF is highly siliceous and carbonated, highly deformed with the graphitic units strongly sheared. Deformation is ductile, with a very minor brittle component, mostly fracturing, and specifically fracturing of arsenopyrite. Minor vein quartz are brecciated, sheared and incorporate much of the GIF wallrock. Arsenopyrite is the most visual sulphide phase, and gold mineralisation is sulphidation of wallrock by this phase.

Reserves

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Mining Methods

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnits2021202020192018201720162015
Gold oz  ....  Subscribe  ....  Subscribe30,29435,52729,35426,78324,321

Operational metrics

Metrics2021202020192018201720162015
Tonnes milled  ....  Subscribe  ....  Subscribe732,789 t831,158 t740 kt908 kt810 kt

Production Costs

CommodityUnits20212020201920182017
Cash costs Gold USD  ....  Subscribe  ....  Subscribe 1,090 / oz   928 / oz   933 / oz  

Mine Financials

Units20212020201920182017
Revenue M USD  ....  Subscribe  ....  Subscribe 41.4   44.6   37.3  
Operating Income M USD  ....  Subscribe  ....  Subscribe 0.8   3   1.7  

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Dec 10, 2025
....................... Subscription required ....................... Subscription required Subscription required Dec 8, 2025

Workforce

EmployeesYear
...... Subscription required 2023
...... Subscription required 2021
...... Subscription required 2020
...... Subscription required 2019

Aerial view:

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