04/02/2022· New Luika Gold Mine. The low cost New Luika Gold Mine, which is located in the Songwe District of South Western Tanzania approximately 700km south west of Dar es Salaam, achieved its first commercial production in 2012. The ore bodies at New Luika comprise high grade , medium grade (3 6 grammes per tonne of ...
The New Luika Gold Mine is a low cost, established, cash generative operation boasting high grade resources rarely found around the world. Shanta is focused on delivering maximised sustainable value for shareholders from this mine, and other assets in its portfolio, through meticulous expert management throughout the business.
The Guardian. Shanta Golds New Luika mine life extended to 2026. EAST Africa focused gold producer Shanta Gold has announced extension of the Life of Mine for its flagship New Luika Gold Mine, located in the Songwe District, South Western Tanzania to 2026. The news comes after the companys successful exploration drilling geared ...
Shanta Golds New Luika Mine is currently the largest open and underground mine within the Lupa Goldfield. It comprises at least 10 different deposits, over an area of 18 km2, with a combined resource of 3,645 kt at 4.4 g/t Au . However, despite the conspicuous prospectivity of the region, comparative recent discoveries or extensions to ...
Shanta Gold is an East Africa focused gold producer, developer and explorer. The Company is focused on its flagship asset, the New Luika Gold Mine , located in southwest Tanzania. Learn More.
1 · Shanta Gold replaces production with New Luika underground extension. By. David McKay. . Feb 2, 2022. SHANTA Gold has replaced last years mined gold with new mineral reserves, the third successive year the company had achieved this, said CEO Eric Zurrin. During 2021, we invested $4.4m in exploration, with the 31,600 metres drilled in ...
The ore bodies at New Luika comprise high grade , medium grade and low grade to average 3.9g/t Au. The regional geology is characterised by deformed, folded, sheared and metamorphosed paleoproterozoic rocks with major fold axes trending east southeast to west northwest.
The Shanta CEO added that annualised Q2 2020 underlying earnings at spot gold was, Just under U$100 million per annum from the New Luika mine with margins expanded from lower costs and a rising gold price.. Unrestricted cash at periods end was U$12.9mln , with U$2.5m available to draw from its ...
New Luika Gold Mine Revised Mine Plan and Reserves Update Shanta Gold , the East Africa focused gold producer, developer and explorer, is pleased to announce a Revised Mine Plan from January 2017 to December 2023 and updated reserves statement for its New Luika Gold Mine , in Southwest Tanzania. Highlights: 39 ...
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Shanta Gold New Luika Gold Mine
04/02/2022· New Luika Gold Mine. The low cost New Luika Gold Mine, which is located in the Songwe District of South Western Tanzania approximately 700km south west of Dar es Salaam, achieved its first commercial production in 2012. The ore bodies at New Luika comprise high grade , medium grade (3 6 grammes per tonne of ...