Reserve and resource growth and mine life extension · Group-wide gold reserves as at 30 June 2021 of 666,000 ounces ( oz ) grading 2.99 g/t (JORC compliant); · Gold reserves at NLGM of 423,000 oz grading 2.99 g/t, up from 382,000 oz grading 2.98 g/t as at 31 December 2020 (net of mining depletion); · Group-wide gold resources of 3,215,000 oz grading 3.62 g/t (JORC compliant in Tanzania and NI43-101 in Kenya); o New Luika (Tanzania): 1,129,000 oz grading 2.73 g/t; o Singida (Tanzania): 904,000 oz grading 2.38 g/t; o West Kenya Project (Kenya): 1,182,000 oz grading 12.6 g/t; and, · Reserve-based mine life extended to 2026 at NLGM and 2029 at Singida. Transformational production increases from 2023 with significant upside potential
Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer announces its production and operational results for the quarter ended 30 June 2021 (the Quarter , Q2 or the Period ) for its East African assets, including New Luika Gold Mine ( NLGM or New Luika ) and Singida Project ( Singida ) in Tanzania and West Kenya Project ( West Kenya ) in Kenya. Highlights · Zero Lost Time Injuries ( LTI s ), with no LTI s since Q4 2017, surpassing 7 million man-hours; · Precautionary COVID-19 measures at all sites to protect the health and safety of staff and the continuity of operations which remain unaffected; · US$4.2 million ( m ) of VAT receivables offset against H2 2020 corporation tax liability;
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