Diba & Lakanfla gold project, Mali
Name of the Project
Diba & Lakanfla gold project.
Location
Kayes region of western Mali.
Project Owner/s
Altus Strategies.
Project Description
A preliminary economic assessment (PEA) completed in August 2022 envisages a simple low-cost and low-strip ratio openpit gold mine using standard heap-leach processing for oxide ores.
Oxide and transitional ore from Diba & Lakanfla are proposed to be mined by a contractor in a phased series of openpits, which prioritises extraction of higher-grade ore. At Diba, four openpits are proposed, while at Lakanfla, two openpits are proposed.
The mine plan could deliver a production rate of two-million tonnes a year over a mine life of
4.7 years. About 85% of the oxide ore is expected to be free digging, although some localised blasting may be required where there is harder material (ferrocrete/duricrust).
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of $213.25-million and an internal rate of return of 1 204%, with an after-tax payback of 5.7 months.
Capital Expenditure
Total capital expenditure is estimated $28-million.
Planned Start/End Date
Not stated.
Latest Developments
Altus intends to (undertake a process to) potentially monetise the project and create a royalty.
Key Contracts and Suppliers
None stated.
Contact Details for Project Information
Altus Strategies, tel +44 1235 511 767 or email info@altus-strategies.com.
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