Papillon will also need to raise equity of about $4-million. GMR has previously announced its intention to sell 100% of the share capital of the Kilimapesa gold project, which owns the assets and
Goldplat subsidiary Gold Mineral Resources (GMR) in July conditionally agreed to sell Kilimapesa to Mayflower for an initial consideration of $1.5-million in shares.
The Kilimapesa Gold mine project is a joint venture between Goldplat and International Gold Exploration, situated in the Migori Archaean Greenstone Belt in south-west Kenya. The project came into production in January 2009.
Kilimapesa Gold Kenya ( core and maintenance ) The Company is focussed on increasing production at the mine through a new processing plant and tailings deposition facility. The new plant was commissioned in February 2017 at a site in close proximity to the Kilimapesa Hill underground mine and has a designed capacity of 200 tonnes per day.
Jul 31, 2020· Under the binding term sheet GMR has conditionally agreed to sell Kilimapesa to Mayflower for an initial consideration of USD1,500,000 to be satisfied by the issue of shares to that value in Mayflower. Read more about gold. In addition, GMR is entitled to receive a 1% net smelter royalty on future production from Kilimapesa capped at USD1,500,000.
Kilimapesa gold mine, Narok County, Kenya : Situated in the Migori Archaean Greenstone Belt in south-west Kenya. The project came into production in January 2009. In June 2013, the mine was put on care and maintenance. Gold-bearing quartz
Papillon will also need to raise equity of about $4-million. GMR has previously announced its intention to sell 100% of the share capital of the Kilimapesa gold project, which owns the assets and
Goldplat subsidiary Gold Mineral Resources (GMR) in July conditionally agreed to sell Kilimapesa to Mayflower for an initial consideration of $1.5-million in shares.
Kilimapesa is an established gold mine offering immediate value to the Company. Kilimapesa is located approximately 230km west of Nairobi in the historically productive Migori Archaean Greenstone
Jul 31, 2020· Under the binding term sheet GMR has conditionally agreed to sell Kilimapesa to Mayflower for an initial consideration of USD1,500,000 to be satisfied by the issue of shares to that value in Mayflower. Read more about gold. In addition, GMR is entitled to receive a 1% net smelter royalty on future production from Kilimapesa capped at USD1,500,000.
Goldplat plc, a gold producer with international gold recovery operations located in South Africa and Ghana and an underground mining operation in Kenya, has announced the signing of a binding term sheet between its subsidiary Gold Mineral Resources Pty Limited (GMR) and Mayflower Capital Investments Pty Limited for the sale of Kilimapesa Gold.
Jul 11, 2017· When comparing gold output with the operational expenditure, Kilimapesa has been a loss making operation for a long time, says Kisbey-Green. Goldplat aims to double gold production at its Kilimapesa mine on completion of its return-to-profitability strategy. As a result of this, the Goldplat board has for several years contemplated options for
Kenyan Gold Project Kilimapesa Gold Update Goldplat plc, the AIM quoted gold producer, is pleased to provide a positive update on its wholly owned gold mining operation ('Kilimapesa Gold'), located in the historically producing Migori Archaean Greenstone Belt in western Kenya.
Kilimapesa Gold Precious Metals . Goldplat to sell Kenya’s Kilimapesa Gold mine. August 4, Project to efficiently relocate of Kenmare’s Wet Concentrator Plant to a new high-grade ore zone. Mozambique-focused titanium minerals producer Kenmare. Services .
Kilimapesa gold mine in Lolgorian, Narok County that was operated by British firm Goldplat. extra tax revenues for the government and local expenditure in the economy. But importantly, it buys
Feb 20, 2020· In 2018, junior explorer Asante Gold Corporation was ready to call it a day at its Kubi gold project in Ghana. However, following an upturn in the gold market, high induced polarization (IP) survey results and the possibility of using a new and more cost-effective mining technique, has renewed interest in the project.
Goldplat plc (LON:GDP), the AIM quoted gold producer, with international gold recovery operations located in South Africa and Ghana and an underground mining operation in Kenya, has announced the signing of a binding term sheet between its subsidiary Gold Mineral Resources Pty Limited and Mayflower Capital Investments Pty Limited for the sale of 100% of the share capital of Kilimapesa Gold
Goldplat is continuing discussions with funding partners on recapitalising its Kilimapesa Gold project in Kenya after placing it on care and maintenance in mid-2019 due to lower production and higher costs.The UK-based company reduced Kilimapesa’s Dec half-year (H1FY20) operating losses to £295,000, from its £686,845 loss in the corresponding period.
Kilimapesa Gold 36 1 174 47 1 498 71 2 283: Total 262 8 425 Anumso Gold Project, (‘Anumso’) Ghana. The initial expenditure of US$1.5 million that was required to be made by 31 October 2018 has been verified and Ashanti has exercised the initial option to take up 51% of Goldplat’s interest in the project. Ashanti has notified Goldplat
Goldplat plc, the AIM quoted African gold producer, with two market leading gold recovery businesses in South Africa and Ghana and primary gold mining interests, including the Kilimapesa Gold Project in Kenya, is pleased to announce an operations update for