INVESTMENT
$79m
RESERVES
Probable: 7.039Mt grading at 3.14 g/t, containing 709,800oz of gold
EPCM CONTRACTOR
SENET
PRODUCTION LIFE
Seven years
The process flow sheet for the Yanfolila Gold Project.
A layout of the Yanfolila mine incorporating the infrastructure facilities.
The Yanfolila Gold Project will involve the development of the Komana East (KE) and Komana West (KW) pits in the first phase.
Yanfolila Gold Project, Mali
Yanfolila
The Yanfolila Gold Project is located 40km west of the town of Yanfolila, in the Sikasso region of Mali. The optimisation study for the project was completed in March 2015, following which the initial earthworks were initiated and completed by September 2015. The definitive feasibility study (DFS) was completed in January 2016.
The project is 85% owned by Hummingbird Resources (HUM), who acquired it from Gold Fields in November 2014. Private Malian company Société Malienne de la Petite Mine owns 5% share in the project, while the Mali Government owns the remaining 10% and has an option to increase its stake by an additional 10%.
The Malian gold project has an estimated production life seven years and aims at developing a 1.24Mtpa processing plant and producing approximately 121,000oz of gold a year. It is expected to generate approximately 900 jobs during the construction phase and 800 jobs during the production phase.