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GOLD ORE

Assets

Operations

Benoni South is our flagship district, comprising the Turnbridge underground section and the New Kleinfontein opencast permits. This page summarises location, throughput and development roadmap.

District
Benoni South, Gauteng
Sections
Turnbridge (UG) • New Kleinfontein (OC)
Prospecting Right
GP10448 PR
Valid to Oct 2025 • extendable +3 yrs
Target First Production
2026
Combined LOM
≈10 years
Combined Gold (LoM)
≈3,038 kg
Offtake / Processing
Goldplat PLC (MOU)
Toll treatment ~8 km

Assets

Two complimentary ore sources enable staged ramp-up: early, shallow ounces at New Kleinfontein, followed by sustained underground production at Turnbridge.

New Kleinfontein • Opencast

NK

Four shallow mining permits along ~1.5 km strike (max ~10 m deep). Rapid, low-capex free-dig pits enable early ounces and concurrent rehabilitation.

Life-of-Mine
2 years
Gold (LoM)
≈430 kg
Tonnage
≈161 kt @ 2.68 g/t
NPV (illustrative)
R97m @ 20%

Turnbridge • Underground

TB

Conventional underground access to ~240 m depth over ~2 km strike. Initial plan supports a disciplined ramp-up and strong free cash conversion.

Life-of-Mine
≥8 years
Gold (initial)
≈2,700 kg
Tonnage
≈1.25 Mt @ ~2.1–2.5 g/t
NPV (illustrative)
$50m @ 15%

Processing & Logistics

  • Toll treatment via Goldplat PLC (MOU) with haulage of ore by road — approximately 8 km to plant.
  • Mobile surface infrastructure for permits; disciplined underground capital for Turnbridge.
  • Target first production in 2026, with staged ramp-up from opencast into underground.

Milestones

  1. Prospecting RightGP10448 PR
  2. NK Mining Permits4 permits
  3. Turnbridge MWP & accessScoping complete
  4. Start of Production2026

Rehabilitation-Led Operations

Shallow permit areas double as engineered plugs for historic access points. Progressive backfill, compaction, topsoil replacement and re-seeding limit illegal access and restore the landscape while generating early ounces for the ramp-up.

Minimum 5–6 m trenching at historic openings (expose → secure → backfill).
Concurrent rehab reduces community risk near schools, roads, rail and services.
Formal underground access under a controlled plan at Turnbridge.
Notes: figures are indicative project study outcomes and subject to further engineering, permitting and market conditions. Numbers are shown at study discount rates and prevailing FX/commodity assumptions at time of analysis.