This is the finding of the Group’s recently completed definitive feasibility study (DFS), independently completed by DRA Projects, which confirmed the economic value of what is one of South Africa’s few remaining large-scale gold tailings retreatment opportunities.
Located near Krugersdorp, northwest of Johannesburg, the Mogale Gold TSFs include nine individual dams containing Probable Mineral Resources of 123.6 Mt of re-mineable material. By employing the same proven, ultra-efficient retreatment process utilised at Pan African’s Elikhulu operations, the plant will treat gold-bearing material with a head grade of 0.29 g/t, containing an overall estimated gold content of 1.14 Moz.
When production commences in December 2024, it will be the next milestone in Pan African’s exceptional track record of developing and operating surface tailings retreatment plants to produce low-cost, high-margin ounces. It’s a track record that’s helped establish the Group as one of southern Africa’s lowest cost gold producers.