.27 Mar 2023 10:37
Should be this week....
As Singida moves into production in the very near term and transitions from a cost center to a cash generator, our exploration focus will pivot back to mine life extension in order to unlock long term shareholder value. The Singida Gold Mine is an underexplored greenstone project within the prolific Lake Victoria Gold Field, with only circa 75,000 meters of drilling ever completed, providing the Company with a huge opportunity for reserve addition and mine life extension.
"We are delighted with the great progress being made at Singida, with construction on schedule for first production next month. The completion of this mine will transform Shanta Gold into a 100,000 oz/pa producer with a diversified resource base, de-risking the balance sheet and providing the business with further financial flexibility."
Singida Project Update Highlights (31 Jan 2023):
· Overall construction activity at the Project is 93% complete;