RE: Realism: Project planning and execution?10 Aug 2025 11:10
Seis, there is a question mark over the output from Munkoyo and Project G. We know Munkoyo pit is currently shut down for re-profiling but it is due to open again and resume shipping of high grade 2.5%+ ore to Sable in 3 weeks time from now. When on target of 8,500 tonnes per month, that is approx. 2,000 tonnes cathode at Sable. Also, Project G was producing concentrate back in October 2024 and there is no reason to think it isn't still as there was a concentrator on site when we acquired the majority stake:
"Following the completion of Jubilee's due diligence on Project G during August 2024, the Company acquired a majority interest in Project G.
The project aims to expand existing operations to achieve an initial mining rate of 10 000 tpm by February 2025. Project G includes an on-site facility designed to pre-concentrate mined ROM material, with an immediate capacity to produce 3 000 tonnes of copper concentrate per month, containing
10% to 15% copper. Lower-grade copper will be stockpiled for future on-site processing. First copper (oxide) concentrate was produced at Project G during October 2024."
The expansion projects at M & G referred to in the last RNS are to do with leaching plants to address the escalating heaps of low-grade ore set aside as part of the operation to dig the high-grade. Is Leon being cagey about the numbers to avoid further pitfalls?