Name of the Project
Doropo gold project.

Location
Northeastern Bounkani region, Côte d'Ivoire.

Project Owner/s
In May 2025, ASX- and London-listed Resolute Mining acquired the development-stage Doropo gold project from AngloGold Ashanti.

Project Description
A definitive feasibility study (DFS) completed in 2024 outlined a robust, high-margin project producing average gold production of 167 000 oz/y over a ten-year life-of-mine (LoM). 

The project will use openpit mining and a carbon-in-leach processing circuit.

The project envisages a contract mining operation, mining a maximum of 28-million tonnes a year of material and delivering up to 4.9-million tonnes a year of ore to the run-of-mine pad and stockpiles, with variation based on the location and the combination of oxide, transition and fresh ore mined. The project plans to mine 38-million tonnes of ore, to be fed into the process plant, and 188-milion tonnes of waste over the LoM. 

The DFS estimates total production over the LoM is estimated at 1.67-million ounces, with an average of 207 000 oz/y of gold in the first five years.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value of $426-million, at an 8% discount rate and an internal rate of return of 34%, with a payback of 2.1 years.

Capital Expenditure
$373-million, including contingency.

Planned Start/End Date
Production is expected from 2028.

Latest Developments
Since acquiring the project, Resolute Mining has been updating the existing definitive feasibility study (DFS) that was produced by former project owner and gold miner Centamin in July 2024. The updated DFS, being undertaken by ASX-listed Lycopodium, is targeted for the fourth quarter of this year, along with an updated ore reserve.

As part of the update, optimisations of the resource have been completed at a gold price assumption of $3 000/oz, compared with $2 000/oz in the previous 2023 mineral resource estimate (MRE).

The updated MRE of 4.4-million ounces represents a substantial increase of about one-million ounces from the previous MRE of 3.4-million ounces, with 84% of contained ounces in the measured and indicated resource category.

The company is confident that mineral resources will increase, as current optimisations are based on conservative pit shell assumptions and the two largest prospects – Kilosegui and Souwa – that contain about 2.3-million ounces of the MRE and remain open along strike and at depth.

Resolute anticipates that, based on the plant capacity outlined in the 2024 DFS, the increase in mineral resources will extend the mine life by at least five years beyond the original ten-year plan.

The conversion of measured and indicated resources to reserves was about 61% in the 2024 DFS.

Resolute is optimising pit designs and incorporating revised capital and operating cost estimates to update the ore reserves of Doropo. This is being done at a gold price assumption of $1 950/oz, compared with $1 450/oz in the 2024 DFS.

The company has said the updated DFS is expected to maintain a production profile, similar to the 2024 DFS, of more than 200 000 oz/y in the first four years of production.

Resolute has said all workstreams for Doropo are on track.

Resolute is awaiting approval of the exploitation permit by the Interministerial Commission followed by the signing of the Presidential Decree. Following this, a financial investment decision is expected by the end of this year.

Key Contracts, Suppliers and Consultants
Lycopodium (DFS).

Contact Details for Project Information
Centamin, tel +44 1534 828700 or email info@centamin.com.