Modern Mining April 2021

Updated life of mine for Syama

of ore from the Cashew, Tabakoroni, Tellem and Paysans satelite open pit operations. • Development of the Tabakoron i Undergound Mine at an estimated capi- tal cost of US$86-million to commence in 2023, with operations commencing in 2024 and continuing to 2030. • Further mine life extensions are consid- ered likely given the highly prospective tenement package and limited depth of drilling at both Syama and Tabakoroni to date. Minimal project capital is required over the remaining Syama LOM aside from the capital required to establish underground mining at Tabakoroni. Sustaining capital for tailing storage, underground capital devel- opment and mobile equipment replacement are included in estimates of AISC. 

Resolute Mining Limited (ASX/LSE: RSG) has announced that ongoing mine design optimisation at the Syama Gold Mine (Syama) in Mali, along with ongoing explo- ration and feasibility studies at Tabakoroni, has resulted in an updated Syama LOM plan. Resolute’s InterimCEO, Stuart Gale, com- ments: “We are very pleased to release our latest plans for the Syama operations, which highlight an improved production and cost profile over the current 11-year mine life. “This follows a period of exploration and mine design work at the Tabakoroni Underground together with the extension of our oxide operations. “Syama has a significant gold endow- ment and there is still a great deal of exploration to be undertaken in this excep- tionally prospective area. We remain very confident that the Syama LOM will continue to develop and extend beyond what we have published today. “In addition, we also remain focused on identifying further extension and develop- ment opportunities at Mako in Senegal, to extend our mining activities beyond the current Mako LOM.” Syama is a large-scale operation which currently comprises the Syama Underground Mine and a series of satellite open pit mines which provide ore to two separate process- Beryl Group’s acquisition of Africoal’s stake in Eyethu Coal now effectively makes the group the 100% shareholder in Eyethu Coal. Beryl Group is a Pan-African diversified investment company, focusing on strate- gic proprietary investments. It holds equity interests in a balanced portfolio of medium and large capitalised companies spanning across three core sectors: logistics and rail, coal and financial services. In order to expand the mining footprint of Beryl Group, Beryl Coal was established. Beryl Coal is a majority black female owned entity with strategic vision to obtain various reserves and continue supply to the local market with a view to expand to the export market. This strategic view is driven by Group CEO Dr. Reabetswe Kgoroeadira who says in driving the group’s strategy, she is guided by the philosophy that “consistency

ing circuits: a 2,4-million tonne per annum (Mtpa) sulphide processing circuit and a 1,5 Mtpa oxide processing circuit. The updated LOM demonstrates: • Average annual gold production at Syama between 2021 and 2029 of between 245 000 oz and 300 000oz at an average AISC of US$1 000/oz. • Over the current scheduled 11-year mine life, Syama will produce 2,9 Moz at AISC of under US$1,000/oz. • Operation of the Syama Underground Mine, based on the current LOM, extends to 2031 and with further exploration, is expected to continue beyond this timeframe. • Syama oxide operations continue to the end of 2023 with mining and processing

Resolute’s Syama Gold Mine in Mali.

Beryl Group acquires Eyethu Coal

The Eyethu acquisition adds greatly to the larger strategic vision of the group’s coal platform, opening up a solid and expansive coal export business for Beryl Group. Beryl Group chairman Neverl Kambasha says: “Our decision making is derived from our ability to add value in every opportunity and transaction we engage in.” 

and execution are the two most important currencies in business”. This is evidenced by the great strides Beryl Group has made in its 20 years of existence. Wi th annual revenues exceeding R3-billion, Beryl Group’s coal platform will provide the prospect of economic stimulus by adding an estimated 2 000 more jobs throughout the company’s several mining operations. Eyethu Coal was established in 2004, and the company has constantly explored the Mpumalanga region of South Africa for new coal reserves, thus ensuring the future sustainability and ability of the company to supply coal into designated markets. Eyethu produces in excess of 4-million tonnes of coal annually, adding to an already existing strong Beryl Coal portfolio. Further capital injection is planned to optimise the assets and increase the life of the mines.

The Eyethu acquisition adds greatly to the larger strategic vision of the group’s coal platform.

April 2021  MODERN MINING  7