Burnstone gold project, South Africa – update
Name of the Project
Burnstone gold project.
Location
Balfour area, in Mpumalanga, South Africa.
Project Owner/s
Sibanye-Stillwater.
Project Description
The low-cost, extensively predeveloped gold asset was previously operated under Great Basin Gold.
Existing infrastructure includes a functional metallurgical facility; an established tailings storage facility; an equipped and functional decline shaft and trackless decline; surface infrastructure, such as offices, workshops and compressors; and extensive underground development and infrastructure.
The project could potentially contribute 120 000 oz/y of lower cost, long-life production over an estimated 20-year mine life.
Potential Job Creation
Not confirmed.
Net Present Value/Internal Rate of Return
Not confirmed.
Capital Expenditure
Not confirmed.
Planned Start/End Date
Not confirmed.
Latest Developments
The feasibility study and final investment decision are expected in the first half of 2026.
Key Contracts, Suppliers and Consultants
Read, Swatman & Voigt, or RSV (engineering design team for the balance of the engineering design); DLC Town Plan (access surveying and registration of the new servitudes for the new access road to Burnstone); and DTS (appointed for the design change to remove the skips from the shaft using the rock winder bank area).
Contact Details for Project Information
Sibanye-Stillwater executive VP: investor relations James Wellsted, ir@sibanyestillwater.com.
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