Mpokoto Gold Project – Mining
Description : The highly prospective Mpokoto Gold Project is a low-capex, low-opex project, which Armadale is targeting to bring into production in the second half 2015 with a 10 year life of mine. The project is located in the western part of the Katanga Province approximately 250km west of Kolwezi in the south of the Democratic Republic of Congo, and approximately 25km from the Zambian border.
Status : Procedural
Type : Mining
Region : Democratic Republic of the Congo (DRC)
Sector : Private
Value : R 100 million+
Timing : 2014 onwards. (Estimated construction period of 24 months)
Notes: Armadale has raised funds will support the next steps in the development of the Mpokoto Gold Project in the including completion of the Definitive Feasibility Study, continued ground works at the site, as well as providing general working capital. Mpokoto has a current resource of 678,000oz Au at 1.45 g/t gold, and is on track to commence production in 2016
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