Overview
New Luika Gold Mine
The New Luika Gold Mine (“New Luika”) is based in the Songwe District of Southwestern Tanzania approximately 700 km South-West of Dar es Salaam. Production at New Luika commenced in 2012. New Luika is an Open Pit and Underground mining operation with a reputation as one of the safest gold mining operations of its peers.
Open Pit Operations - Mining approach is contractor-based whereby the contractor supplies and operate the equipment and the client provides technical guidance and supervision which includes mine design, mine planning, mine survey and geology inputs.
Underground Operations – All underground operations at our deposits are performed by New Luika employees (owner operated).
Processing - The processing is metallurgically simple and conventional involving proven crushing and milling techniques with carbon-in-leach gold extraction delivering robust gold recoveries. New Luika has two tailings storage facilities (TSF): TSF 1 which is non-operational and TSF 2 which is currently in use. TSF 2 was designed and engineered to meet the world best industry practice and in alignment with New Luika Life of Mine production plan.
Power – New Luika derives its power from three sources namely, Heavy Fuel Oil Power Station (HFO), national grid electricity supply (TANESCO), and its solar farm (Understood to be the largest solar farm in Tanzania).
Water – New Luika receives its water requirements from various sources namely, multiple permitted boreholes, harvested rainwater, and TSF & underground water recycling.
New Luika has established a solid operational track record for converting inferred resources to reserves and extending the mine life accordingly. Exploration activities are currently being conducted in various distinct areas to extend the life of the operation.
Singida Gold Mine
The Singida Gold Mine (“Singida”) is located in the Ikungi district, Singida region of Central Tanzania, approximately 620km West-Northwest of Dar es Salaam and 130km North-West of Dodoma (Capital). Singida is an Open Pit mining operation and achieved commercial production in 2023.
Open Pit Operations - Mining approach is contractor-based whereby the contractor supplies and operate the equipment and the client provides technical guidance and supervision which includes mine design, mine planning, mine survey and geology inputs.
Processing - The planned processing methodology is metallurgically simple and conventional involving proven crushing and milling techniques with carbon-in-leach gold extraction. The Crushing circuit is designed to facilitate future expansion. Singida has one HDPE-lined TSF which has been designed with the best-practice methodology for TSF in the industry.
Power – Singida derives most of its power requirements from the national grid electricity supply (TANESCO) and has two emergency standby power generation units.
Water – Singida receives its water requirements from various sources namely, multiple permitted boreholes, harvested rainwater, and TSF water recycling.
Singida also has considerable upside potential given its location within a greenstone deposit, meaning it is well suited to further exploration growth.
West Kenya Project
The West Kenya Project covers approximately 556 km2 of the highly prospective Lake Victoria greenstone gold field. Presently, two potential mining centers have been identified on the West Kenya Project Shanta Gold Licences: 1. Kakamega Potential Mining Centre (Isulu-Bushiangala is the main resource-stage target) and 2. Ramula Potential Mining Centre (Ramula is a new resource-stage target).