A tale of two studies
AFRICA
Makabingui currently hosts a mineral resource which comprises 11.9mn tonnes averaging 2.6 g / t gold for a contained 1mn ounces of gold
countries of Mali and Guinea . The company is currently focused solely on the development of its flagship Makabingui Gold project , with a targeted production date of early 2018 .
The Makabingui Gold project consists of an ore reserve of 860,000 tonnes at 5.7g / t for 158,000 ounces of gold . These reserves all fall within Makabingui ’ s resource of 1mn ounces of gold at 2.6g / t . In addition , drilling has identified 8km of strike at Makabingui South .
A tale of two studies
As the company has completed two independent feasibility studies , Alex
Mackenzie , Executive Chairman , will call upon over 30 years in the mining industry to fully develop the project and hit that Q1 2018 production date .
The first feasibility study was conducted at Makabingui in 2014 , but due to an extended period of time and significant delays , Mackenzie found that in order to push forward with the
www . miningglobal . com 57