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.

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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. 

  • 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

  • Size of resource: 1.5 Million Ounces (Moz) to 100m vertical depth

  • Life of Mine (LOM): >20 years

  • Location: West Rand, Johannesburg, South Africa

  • Opencast

    • Production of 25,000 oz of gold per annum in 2019

    • Production growth to 40,000 oz per annum of gold in 2020

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