07 Sep Resolute Mining commits $19 million to African exploration programme
Australia’s Resolute Mining (ASX:RSG) will undertake a AUS$19 million exploration programme over the next year focusing on Africa.
The gold miner will be targeting multiple high quality projects close existing infrastructure at its Syama mine in Mali, Resolute Mining managing director John Welborn said today.
He said the company also has a number of highly prospective, underexplored targets spread across Mali, Ivory Coast, Tanzania and Ghana – as well as projects in Australia.
“Resolute is currently exploring more than 135,000km2 of prospective tenure across three countries in Africa,” Welborn told Paydirt 2016 Africa Down Under.
“Resolute remains committed to partnering with governments and other stakeholders to develop projects that benefit everyone, specifically those who live and work in the jurisdictions in which we operate.”
The Australian junior’s flagship operation Syama is a robust, long-life asset benefiting from fully operational parallel sulphide and oxide processing plants. Welborn is planning to move the mine underground which will continue Syama’s history of strong cash generation and extend the mine life beyond 2028.
“We are determined and committed to developing a lasting legacy in the areas of that wonderful continent in which we have operations,” he said. “We pride ourselves on being a global gold producer, explorer, developer and innovator.
“Our focus is transforming world class gold assets into an outstanding business and continuing to provide value for our shareholders.
“We will do this by continuing to pursue exploration and new project development opportunities in Africa.”
Resolute also controls an extensive exploration footprint along the highly prospective Syama Shear and greenstone belts in Mali and Ivory Coast and is active in reviewing new opportunities to build shareholder value.