The TGME project is within the Sabie-Pilgrim’s Rest goldfield, 300km northeast of the Witwatersrand Basin. Gold mineralisation is developed within sedimentary rocks of the Transvaal supergroup.
Total JORC resources (Table 3) of 28.7Mt @ 3.7g/t gold for 3.43Moz have been delineated.
For the latest resource announcement click here
The mine plan for Rietfontein used in the scoping study assumed a total of 1.47Mt of ore mined at a rate of 200Kt a year over a 7-year mine life (57% resource conversion).
Based on the assumed 86% recovery, this resulted in recovery of about 387koz over the mine period, or an average of 55koz a year (>60koz a year in the early years).
Preliminary feasibility study work is seeking to both increase the resource category to at least indicated JORC status to enable reserves to be determined, and also to potentially increase the scale from 200Kt a year towards 300Kt a year if feasible.
For the recently announced scoping study, click here
The grade profile of Rietfontein
Beta Mine is less than 2km from the TGME plant site. Stonewall sees good potential for both a residue mining and hard-rock mine with scoping work on the 700koz hard-rock resource currently under way.t
The existing TGME CIL plant at Pilgrims Rest
Historic ore trolley from TGME’s early days