MIDDELVLEI GOLD MINE
Investment:
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BIG is in the advanced stages of acquiring a minority interest in the Middelvlei gold mine. The mine is now fully funded to start production from the opencast sections by August 2019.
Overview:
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Middelvlei is an open pit gold project located on the West Rand of Johannesburg, South Africa. It comprises Middelvlei (main) Reef and Ventersdorp Contact Reef (VCR) with ancillary Black Reef.
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The project offers significant shallow underground mining opportunity that is accessible by way of decline shaft. Plans are in place to fund the feasibility work for the underground mine.
Specifications:
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Mineral: Gold
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Size of resource: 1.5 Million Ounces (Moz) to 100m vertical depth
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Life of Mine (LOM): >20 years
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Location: West Rand, Johannesburg, South Africa
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Opencast
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Production of 25,000 oz of gold per annum in 2019
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Production growth to 40,000 oz per annum of gold in 2020
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