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Gold recovery from gold dumps is well known in South Africa as a very low-risk gold recovery process. The gold price has firmed up and interest has now shifted from the capital-intensive investment underground mining back to the surface where the grades are not so high but the recovery costs are also not so high.
About this opportunity:
* its a low-risk gold mining investment as the ore during the development of the mine is all on the surface. Once crushed and screened you can do a toll treatment with your current neighbor mine.
*mining cost to bring all this ore to the surface has been paid, with the availability of high tech crushing and screening equipment which is readily available are basically this is the last opportunity to extract gold at a reasonable low cost.
* NNR Certificate
* land not included; the seller has a servitude on the area where the gold rock dump is located
* Social & Labour Plan
The gold rock dump was surveyed measuring 2.2 million tons after 80.000 tons bulk sample was removed. Tests were done on the dump by doing a toll treatment of 80 000 tons at the nearby mine. The exercise yielded R115 Million (ZAR). An average grade of 1.8 gr per ton at that time was measured.
Current shareholders are prepared to sell 100% of the shares in the company. W The seller has secured a crushing and screening plant with a capacity of 300 tons per hour. Processing could start immediately using mobile equipment and schedule payment from the tolling agreement can be received on a 14-day basis.
Included in the asking price of USD3.6mil is an Environment Policy Fund with value in excess of what the rehabilitation requirement is.
Extremely good net profits projected based on surveyed results - details available to qualified buyers. Projections show an ROI of approximately 40% within 12 months.
Please enquire for more details.
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