Stonewall Resources is a gold explorer, developer and producer with three key projects:
- the TGME Project, located around the towns of Pilgrims Rest and Sabie in the Mpumalanga Province of South Africa (one of South Africa's oldest gold mining districts), where the Company began production from its tailings operation in April 2011;
- the Bosveld Project located in South Africa's KwaZulu-Natal Province, where the Company commissioned its second tailings operation in April 2012; and
- the Lucky Draw Project located in Australia, near the township of Burraga in New South Wales.
In terms of near-term production, the TGME Project will be a key point of focus for the Company's near-term production plans, with the proposed development of the PMR material out of Beta, Dukes, Browns Hill, Dukes South, Ponieskranz, Theta and the Clewer Mines. Subject to a small resource delineation program, testworks and detailed engineer design for mines, plant and equipment (currently underway and scheduled for completion in Q4 2016), the Company is targeting near-term mining of 25,000 ounces per year, then ramp up steadily.
In terms of exploration potential, Mineral Resources at the TGME Project are currently estimated to total 2.99 million ounces. The near-term objective of the Company's exploration strategy is to identify an additional 330,000 to 3,070,000 ounces of Mineral Resources by end 2017, including an upgrade of between 399,000 and 665,000 ounces from Inferred to Indicated by end 2017.