Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article. The pyrite content can be up to 15% but generally represents less than 5% of the rock mass. The Resolute workplace empowers our people and provides them opportunities to use their talents to contribute to the broader social, economic and sustainable development of the communities in which we operate. With a targeted ore production rate of 2. The incorporation of a second decline provides distinct advantages for efficient trucking with separate traffic directions to minimise congestion, allowing improved spatial layout for ore passes, better ventilation and a second means of egress.
Probably the most important is that the mining companies have had their first experiences with solar. The project is entirely consistent with our ongoing efforts to use innovation and technology to optimise and enhance our Syama operations and deliver exceptional outcomes for our shareholders. Resolute has been examining opportunities to reduce the mine's reliance on diesel, and reduce costs, for many years. Do contact us should any information be missing or incorrect. Syama will be the most sophisticated and advanced gold mine in Africa.
Resolute Mining says it has been pursuing plans to replace its diesel generators, in operation since the 1980s, with a new solution for several years. Underground development costs include provision for a high capacity fibre optic system, which will be installed throughout the mine. An initial ore reserve has been established of 5. Sandvik is providing a unique opportunity for interrelationship between technologies, linking Sandvik equipment and the software Resolute uses with its entire value chain and operations. Therefore, stope design was used as the major consideration for the level layout with the design also addressing ventilation, drainage, geotechnical considerations, cost and timing. The prolonged life of Mt Wright, and the collaborative and proactive approach to receiving regulatory approvals for our expansion plans, is allowing further enhancement opportunities to be identified and progressed. In addition to higher efficiencies of the solar hybrid solution, the replacement of Reso lute's existing diesel generated power plant will reduce reliance on, and exposure to, diesel prices.
They let you easily navigate your way around the site and allow us to improve its performance, or even recommend content we believe will be of most interest to you. The move to underground mining is expected to extend the mine life beyond 2028. In Ghana, the Company has completed a feasibility study on the Bibiani Gold Mine focused on the development of an underground operation requiring modest capital and using existing plant infrastructure. The Company currently operates two mines, the Syama Gold Mine in Africa and the Ravenswood Gold Mine in Australia, and is one of the largest gold producers listed on the Australian Securities Exchange. The Syama gold deposit lies on the northern margin of the Archaean-Proterozoic Leo Shield which forms the southern half of the West African Craton. Resolute is currently developing the world's first fully automated underground gold mine at Syama which will deliver a low cost, large scale operation with a mine life beyond 2032.
History of the Syama Project Resolute acquired the project in April 2004 based on the positive conclusions of a pre-feasibility study, and completed a Feasibility Study in April 2005. Resolute also investigated, in parallel, an owner-operator model. The study has been lodged with the Government of Ghana, which owns a 10% free carried interest in the project. Additional metallurgical testwork was developed to confirm gold extraction characteristics of future underground ore to ensure it was able to be processed through the current flowsheet. The underground option has not been factored into the accompanying analysis pending the release of the results of the feasibility study. Sandvik and Resolute have worked very closely in designing the underground mine.
Syama is an open pit mine and the ore is treated via either an oxide circuit that was commissioned in 2015 or via a sulphide circuit for the refractory sulphide ore. General 2015-05-10 The Syama Gold Project is located in the south of Mali, West Africa approximately 30kms from the Cote d'Ivoire border and 300km southeast of the capital Bamako. Resolute is an experienced explorer, developer, and operator having operated nine gold mines across Australia and Africa which have produced 8 million ounces of gold over the past 28 years. The Company is an experienced explorer, developer, and operator, having operated nine gold mines across Australia and Africa which have produced 8 million ounces of gold. The partnership with Ignite Energy to develop a low cost solar hybrid power solution for Syama will establish the Company as a global leader in energy solutions for the mining sector.
On the footwall side polymict andesitic conglomerate forms the eastern boundary of the sequence. Lower cost self-generated power provides significant advantages for Syama, including the opportunity to provide social and economic benefits for the region. Ore for the Syama Operations was sourced from the Syama open pit. In 2014, Resolute completed a positive feasibility study on the underground exploitation of the deeper sections by sub-level caving. When the infrastructure requirements were established the level was then linked to the decline access design. The proposed access locations for the fresh air and return airway portals inside the pit have provided an improved timing advantage. Resolute is a successful gold miner with more than 25 years of continuous production.
Resolute expects that mining rates will gradually build up over the first half of 2019, and will reach nameplate capacity of 200,000 tonnes per month by the end of June next year. The Company has operated nine gold mines which have produced more than 8 million ounces of gold. In the current environment of rising gold prices Bibiani offers the company an increasingly attractive growth opportunity. Syama is a world class, robust, long-life asset capable of producing more than 300,000 ounces of gold per annum from existing processing infrastructure. The new power facility will also provide significant environmental benefits including lower carbon emissions as a result of solar power generation and the greater efficiencies of integrated battery storage hybrid technology and improved engine technologies.