Two Operational Gold Mines for Sale in Malawi

The project consists of two operational gold mines for sale in Malawi with the following specifications:

Mine 1

  • Resources – 14.1Mt at Au 4.39g/t – indicated and inferred

  • Dumps – 5.12Mt at Au 0.75g/t – ready for retreatment

  • Surface – 0.40Mt at Au 1.66% - close to the processing plant

  • Contained Au – 2.128 Million Oz

  • C1 Costs per Oz – 650 excluding CAPEX

  • Plant Capacity – 10.5Kt/m – recovery 87-90%

  • LOM – 15+ years

  • Sustaining CAPEX – US$1.1M

  • Expansion CAPEX – US$5M which covers plant, new pit and U/G

  • Monthly Production – 1,500 Oz

  • Monthly Profit – Average of US$1M+

Mine 2

  • Resources – 20.8Mt at Au 2.59g/t – indicated and inferred

  • Dumps – 11.55Mt at Au 0.58g/t – ready for retreatment

  • Surface – 12.74Mt at Au 1.99% - close to the processing plant

  • Contained Au – 2.69 Million Oz

  • C1 Costs per Oz – 750 excluding CAPEX

  • Plant Capacity – 33Kt/m – recovery 87-90%

  • LOM – 25+ years

  • Sustaining CAPEX – US$3.6M

  • Expansion CAPEX – US$20M which covers plant, new pit and U/G

  • Monthly Production – 2,500 Oz

  • Monthly Profit – Average of US$1M+

Highlights:

  • A brand new sands treatment plant was installed in 2018 and recently commissioned

  • The plant at the first mine can be initiated immediately and has capacity to create+$1,0 Million profit monthly on average.

  • An amount of about $700,000 to 900,000 is required to cover startup costs and one months’ cover of critical inputs (Spares, labour and consumables).

  • At the second mine, operations require about $1,8 to 2,0 Million to sustain optimal production

  • The second mine has projected an average profit of +$2,5 Million monthly

  • All sales of goods is via Reserve Bank and at the moment only 55% is paid in US dollar and rest is in local currency.

 

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LOCATION

Malawi, Africa

STAGE

Operations