Pan African Resources PLC - Manica Gold Project


						Manica Gold Project, Mozambique The Manica licence area is situated in central Mozambique approximately 4km north of the town of Manica, which lies approximately 270km inland of the port city of Beira. The licence area is centred on latitude 18°53’ degrees south and longitude 32°54’ east and lies close to the Mozambican border with Zimbabwe. The Zimbabwean town of Mutare is about 5km from the Mozambican-Zimbabwean border. Manica is on the so-called “Beira Corridor”, a major road and rail route linking Zimbabwe with the Mozambican port of Beira on the Indian Ocean. The exploration project area is easily accessible by dirt road from Manica. Manica is served by sealed roads from Beira and from Harare in Zimbabwe. Scheduled air services link the nearby town of Chimoio with large regional centres such as Maputo, Harare and Beira.

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Manica Gold Project (Mozambique)

Name

The Manica gold project

Location

Manica Province (Mozambique)

Status

Pre-feasibility

Holding Company

Explorator Limitada

Controlling Company

Pan African Resources PLC (100% ownership)

Geological Setting

Sediments and metavolcanics within the Odzi-Mutare-Manica greenstone belt

Products Mined*

Gold

Production Forecast for a heap-leach surface mining operation	Tons Per Annum:	410,000t
	Grade:	2.36g/t
	Content Per Annum:	30,000oz

Estimated Capital Cost

£48.58 million

Extraction Method

Pre-feasibility design is based on an optimised open pit mine design followed by underground mining applying a sublevel open stoping methodology. The project team is currently investigating the viability of heap leaching technology in order to enhance the project’s financial viability.

LOM

Pre feasibility design indicates 11 years at 80Koz gold per annum (heap-leach and underground mining option)

					Key Management	Project Manager:	Mario Gericke
						Metallurgical Consultant:	Karishma Sewpersad

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