Gold developer West African Resources Limited (ASX, TSXV: WAF) (West African or the Company) is pleased to advise that it has taken key steps to advance the development of its 90% owned Sanbrado Gold Project (Sanbrado).
Highlights
- Awarded EPCM contract to Lycopodium, first gold scheduled for second half of 2020
- Awarded mill package to Outotec, order placed for 4MW SAG and ball mills
- Key owner�s construction team positions filled
- Construction of stage one 210 room camp started
- Box cut for underground access started
- Open-pit and underground contractors site visits completed
- $35.4m cash at bank, no debt at 30 September 2018
Managing Director Richard Hyde commented:
�The award of the EPCM contract, the order of the mill package, and the key construction team hires keeps West African Resources on track to pour gold at Sanbrado in the second half of 2020.
�Infill drilling continues, which is expected to increase the current underground mine life past 5 years.
�Optimisation studies to be completed by Q1 2019 will include resource and reserve updates, and planned higher process plant throughput rates resulting in increased annual gold production.�
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