07 Dec 2022
DiamondWorld Directory
-
Home |
News
Home
Noteworthy activities at Akobo
Mining the first gold at Segele, revenue indication at ALS Ireland and other updates
By: Diamond World News Service
|
Apr 8 2022 4:38PM
|
Reference: 26268  

DecreaseIncrease

Akobo Minerals has announced that SRK, Australasia, has started to update the resource estimate for Segele. The plan is to mine the first gold at Segele before the end of the year. To achieve that, three main elements must be in place – first, a high confidence mineral resource estimate, second, a turn-key industry standard processing plant and thirdly, a professional mining operation. Considerable progress has been made in all these areas over the last few weeks.

An update on mineral resources states that after much delay from ALS Ireland, the latest Drill hole database has now been sent to resource estimation experts at SRK in Perth, Australia. Akobo Minerals expects that parts of the previous inferred mineral resource will be upgraded to indicated resources. Indicated resources have a much higher confidence and such an upgrade would be a strong validation of the company’s revenue potential. Additionally, it is expected that new inferred mineral resources will be added. The results will be released as soon as they are available.

Processing Plant Heads of Agreement & Contract Mining Negotiations

Akobo Minerals is close to finalizing an agreement with a Processing Plant contractor with a long track record of successful delivery of gold processing plants. Following a successful bidding process, Akobo Minerals is finalizing its options for the mining operation including final negotiation with experienced Contract Mining Companies. Akobo Minerals has several options on the table including operations by contractors and experienced miners who are currently engaged in similar operations to those planned at Segele and have excellent track record working with major and junior mining companies.

With these three activities close to completion, the company is confident that it can release a cash flow model of the Segele mine to illustrate the expected return on investment.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32047
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 9549
GJEPC Chairman Interview
Views: 28146
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39389
Promo for IJ Awards 2012 at NDTV Profit
Views: 57081
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 68574
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21897
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50947
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53141
Advertisement
DW News App
Member of:
Supporter of: