African Gold Group - Outgoing CEO, Stan Bharti
Outgoing CEO, Stan Bharti
Source: Mining Weekly
Market Herald logo


Be the first with the news that moves the market
  • African Gold (TSXV:AGG) has completed metallurgical test work at its Kobada Gold project
  • The company aims to develop the most efficient and effective flowsheet for processing ore from the project
  • The completed, tested flowsheet has returned gold returns of 96 per central up from 80 per cent
  • The process does not require an oxygen tank, which should significantly reduce capital outlay on the site
  • African Gold (TSXV:AGG) is up 5 per cent to $0.31 per share with a market cap of $31.23 million

African Gold (TSXV:AGG) has announced the completion of Phase 2 metallurgical work at the company’s Kobada Gold project.

The company intends to use the metallurgical test success to build out a new flowsheet for its definitive feasibility study.

The flowsheet is a simplified, compact version of the original. This minimises the requirement for expensive equipment and long lead times for the ordering of processing equipment.

The new flowsheet also does away with the need for an oxygen plant throughout the refinery process. This should significantly reduce capital outlay at the site.

African Gold expects that it has delivered a flowsheet that can vary greatly, with the ability to expand and contract throughputs.

The metallurgical test work has largely been a success. Gold return rates across all ore types increased from 80 per cent to up to 96 per cent.

Phase 2 consisted of optimising the flowsheet to determine optimum parameters for gold recovery.

African Gold’s COO, Danny Callow, commented on the development.

“The phase 2 metallurgical test work has concluded a very comprehensive, but fast-tracked test work programme on time and under budget”.

“The focus for the DFS is to develop a low capital, low maintenance, robust and flexible process route, whilst ensuring that comprehensive analysis of composite ore from the open pit zone was undertaken.

“I am very pleased that the test work has proven the process ability of our Kobada Gold Project ore, through a proven process technology, consistent with most oxide operations in West Africa.

“This is a major step towards finalising the definitive feasibility study by Q2 2020 and completing the process plant design,” he said.

African Gold Group (TSXV:AGG) is up 5 per cent to $0.31 per share at 10:30am EDT.

More From The Market Herald

" The nickel space is red hot and this explorer is heating up

When The Market Herald last caught up with Vancouver BC-based SKRR Exploration Inc. (TSXV:SKRR) and its “all-star management and board teams”
The Golddigger Property.

" Goliath (TSXV:GOT) finds large mineralization

B.C. exploration company Goliath Resources Limited (GOT) has shared a report on the Surebet discovery at its Golddigger Property.

" Osisko Development (TSXV:ODV) releases gold production totals

Osisko Development (ODV) released the latest production totals from a number of its projects Tuesday.
The Market Herald Video

" Granite Creek Copper (TSXV:GCX) discusses updated PEA

In 2017, Copper North Mining (CGX) commissioned JDS Energy & Mining to complete a Preliminary Economic Assessment (PEA) for the Carmacks Project.