Projects

Stonewall Resources (ASX: SWJ) is currently focused on the TGME project near the historical gold mining town of Pilgrims Rest in Mpumalanga Province.

This is some 370km east of Johannesburg by road or 95km north of Nelspruit, the provincial capital.

Following small scale trial production from 2012–2015, the company is currently focusing on refurbishing the existing CIL plant and elution circuit and to resume gold production in 2018 from predominantly from hard-rock sources including the Rietfontein and Beta mines.

An upgraded resource of high grade 2.55Mt @ 11g/t gold (905koz) was recently published at Rietfontein, and nearby Beta Mine has a resource of 6.6Mt @ 6.61g/t for 1.00 Moz.

Group resources are 26.7Mt @ 4.34g/t Au for 3.72Moz (Including underground resources of 17.8Mt @ 5.8g/t Au for 3.32Moz).

Following the announcement of the high grade Rietfontein scoping study (28 February 2017), which pointed to a potential 60koz a year development at US$417/oz C1 cash cost, a preliminary feasibility study is under way into the fully permitted development.

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