STONEWALL RESOURCES: TRANSFORMING GOLD MINING IN SOUTH AFRICA
Stonewall Resources (ASX code: SWJ) is a gold mining company that holds a range of prospective gold assets within South African's eastern goldfields. These South African assets, which include several surface and near-surface gold mineralisations, provide cost advantages over other gold producers in the region. In addition the mines have the advantage of being near term production assets which can be brought into production rapidly when compared to other gold assets in the region as well as within South Africa.
SWJ’s core projects are TGME, located next to the historical gold mining town of Pilgrims Rest, and Sabie Mines, located in the Sabie are, both in Mpumalanga Province, some 370km east of Johannesburg by road or 95km north of Nelspruit (Capital City of Mpumalang Province).
Following small scale production from 2012 to 2015, the company is currently focussing on the reburbishment of the existing CIL plant and Elution Circuit and to re-commence production through its Pre-Mined Residue Project (PMR). The company aims to build a solid production platform from which it can launch further planning to expand the production profile.