Mozambique: mineral resources at Manica projet up 36%
Thursday, 12 May 2016 14:20
Mining company Xtract Resources announced that gold resources at its Manica project, Mozambique, increased 36% to 1.26 million oz. The new estimate follows a technical study of mineral resources of the Fair bride deposit at the project, conducted by Minxcon Projects.
The miner also indicated that the study’s results will be integrated to the project’s bankable feasibility study, which is about to be completed.
“Not only has the gold content increased significantly, the total measured and indicated volume available to be mined has also increased by over 56%. The life-of-mine of the project has the potential to be increased well beyond 12 years with further drilling,” said Xtract’s CEO, Jan Nelson.
The Manica project is located 4 km north of Manica near Zimbabwe’s border. It covers 75 km2 and is wholly owned by Xtract Resources.
Louis-Nino Kansoun
Live News
-
Algeria and Occidental sign study deals on new oil and gas zones
12:13
-
Tanzania, Burundi launch $2.15 bln rail link to cut cargo time and costs
12:06
-
Cameroon to start Belabo–Ngaoundéré railway renewal in 2027
11:59
-
Cameroon: Sonara adopts 2-year plan to restart Limbe refinery by 2027
11:57
-
Nigeria Inflation Falls to 21.88% in July as Food Prices Ease
11:55
-
Mega Deals Return, but Africa’s Private Equity Growth Hinges on Peer-to-Peer Deals
11:38
-
Tunisia Scales Up Najda, Its AI-Powered Heart Attack Response Network
07:58
-
Egypt: Mostafa Amin Reinvents Grocery Shopping with Breadfast
07:55
-
Kenya to Train 100,000 Public Servants in AI Skills to Modernize Government
07:51
-
Clive Govender Digitizes Supply Chains to Empower South African Businesses
07:13
Nearly 400,000 mango seedlings distributed to farmers nationwide from June to August 2025. Pr...
MTN and SANTACO signed a reseller deal on 13 Aug 2025. Gauteng taxis gain MTN data, ICT, fintech ...
Growth is projected at 27% annually, with agriculture, finance, and health sectors leading adoption—...
• GDP growth will ease to 3.5% in 2025 from 3.7% in 2024 and below the 3.8% forecast.• Drought-hit l...
Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High...
• Tanzania and Burundi begin construction of a $2.15 billion cross-border railway.• The 240 km line will cut Dar es Salaam–Bujumbura cargo trips...
• Inflation slowed for the third straight month, dropping from 23.71% in April to 21.88% in July.• Food inflation fell sharply year-on-year, from 39.53%...
• Africa’s private equity market is shifting as exits increasingly involve sales between funds rather than IPOs or strategic buyers.• Q2 2025 saw 147...
• Insurers and reinsurers must comply with new capital requirements within 12 months or lose licenses.• Life, non-life, and reinsurance companies face...
Yambi City is an annual festival that takes place every year-end in Kinshasa, driven by the Afrika Diva collective and spearheaded by activist rapper...
Galerie36 in Dakar showcases modern African art, fostering cultural exchange. Ayofemi Kirby’s intimate gallery redefines art spaces with a community...