Firefinch starts open pit mining at Morila Gold Mine in Mali

ASX-listed Firefinch Ltd has confirmed that it has commenced open pit mining at its Morila Gold Mine in Mali, in which the company has an 80% stake.

Mining is underway at Morila Pit 5, a mining area located on the Western margin of the Morila Super Pit, with Malian contractor EGTF having mobilised a new 100 tonne class fleet, completed all mining preparatory works and commenced mining and haulage to the crusher run of mine (RoM) stockpiles.

Approximately 100,000 tonnes of ore have already been hauled to RoM stockpiles, adding to 530,000 tonnes of ore mechanically mined from the tailings facility already stockpiled. This ore will be the feed used to commission the recently refurbished plant comminution circuit, which will commence later this month.

Morila Pit 5 has an indicated and inferred mineral resource of 840 000 tonnes at 1.1g/t, with an ore reserve estimate to be disclosed once current drilling has been incorporated into an upgraded mineral resource estimate.

“It is very exciting to be off and running with our first open pit mining operation at Morila,” said Firefinch managing director Michael Anderson. “The location of Pit 5 right next to our operating processing plant, combined with recent drilling results that enhanced economics, made it a compelling opportunity to fast-track first production before we commence mining at our other satellite deposits.”

Firefinch commenced operations at Morila in November 2020, after acquiring the mine from Barrick Gold and AngloGold Ashanti. The company exceeded its gold output guidance for the last quarter of the year and is targeting 10,000-10,500 ounces of gold produced for the first quarter of 2021.