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Investegate |Shanta Gold Limited Announcements | Shanta Gold Limited: Shanta Gold Announces New 5-Year Production Plan


Reserve and resource growth and mine life extension
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Group-wide gold reserves as at 30 June 2021 of 666,000 ounces ( oz ) grading 2.99 g/t (JORC compliant);
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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);
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Group-wide gold resources of 3,215,000 oz grading 3.62 g/t (JORC compliant in Tanzania and NI43-101 in Kenya);

New Luika (Tanzania): 1,129,000 oz grading 2.73 g/t;

Singida (Tanzania): 904,000 oz grading 2.38 g/t;

West Kenya Project (Kenya): 1,182,000 oz grading 12.6 g/t; and,
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Reserve-based mine life extended to 2026 at NLGM and 2029 at Singida.
 
Transformational production increases from 2023 with significant upside potential ....

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Investegate |Shanta Gold Limited Announcements | Shanta Gold Limited: Q2 2021 Production and Operational Update


 
 
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
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Zero Lost Time Injuries ( LTI s ), with no LTI s since Q4 2017, surpassing 7 million man-hours;
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Precautionary COVID-19 measures at all sites to protect the health and safety of staff and the continuity of operations which remain unaffected;
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US$4.2 million ( m ) of VAT receivables offset against H2 2020 corporation tax liability; ....

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Investegate |Shanta Gold Limited Announcements | Shanta Gold Limited: Q4 2020 Production and Operational Update


 
Gold production during the period was 20,622 oz. Overall, a total of 155,859 t of ore grading 4.5 g/t was mined from underground in Q4 compared with 156,391 t of ore grading 4.5 g/t in Q3. A further 44,691 t ore grading 1.4 g/t was mined from open pits in Q4 compared with 38,792 t of ore grading 2.16 g/t in Q3. 181,425 t of ore was milled during the period (Q3: 181,036 t). The ROM stockpile at the end of Q4 was 154,577 t of ore grading 1.31 g/t (up from 120,511 t grading 1.45 g/t at the end of Q3).
Average recoveries of 90.4% were achieved in the plant during the period (Q3: 89.4%). Installation and commissioning of a 2 tonne per day Oxygen Plant at NLGM was completed in the Period and is expected to improve future recoveries. ....

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