Black Volta Gold Project
Perhaps the most exciting, profitable and sustainable mine in a generation.
Eons ago, as the earth formed, a deep rich vein of gold developed in what is now the Black Volta River Basin. There, it has remained, increasing in value, waiting for the right time to be unearthed.
Now, the deep vein has been struck, and is developing into the most exciting mine in a generation — the Black Volta Mine!
Why Black Volta
The Black Volta Gold Project offers a compelling combination of scale, quality, and development potential.
Fully Permitted Construction Ready
Gold project in North-West Ghana
Significant Land Package Held Through 18 Licences
- ~934 km² of granted mining and exploration licences in Ghana
- One of the largest licence areas held outside of major miners
Critical Infrastructure Nearby and Already in Place
- Major roads, water supply and ~40% renewable grid power already to the gate
Definitive Feasibility Study Updated in October 2023
- 163 koz p.a. for the first 5 years, 148 koz p.a for the first 9 years, 11 year mine life
Well Defined and Understood Geology
- 1.37 million ounce Mineral Reserves, 2.8 million ounce Mineral Resources
Two Major Open Cut Mining Pits
- Kunche-Bepkong
- Julie
Identified Organic Growth
- Multiple additional exploration targets within the enormous licence area
- Strong gold anomalies north of Bepkong (> 8km strike length) larger than the area of currently known deposits
- Potential for extension at depth: current depth of drilling very shallow compared to similar deposits – minimal drilling below 300m vertical depth at Kunche
Mineral Resources
Mineral Reserves
Mine Life
Tenement Area
The Black Volta Gold Project
Attractive project at significant scale based on low capital and operating costs and meaningful upside with an initial 11-year mine life.
The project encompasses ~934 km² of granted mining and exploration licences in Ghana, making it one of the largest licence areas held outside of major miners.
World Class Location
- Low risk, established world class mining jurisdiction
- Black Volta is located in a stable mining jurisdiction of North-West, Ghana, Africa. All critical infrastructure are in place with close proximity to the regional Capital.
- Build ready project with expected development costs of c. US$198m (including mine fleet) over a 21 month construction period
- The project will predominantly consist of open pit mining across the multiple deposits with annual throughput via a CIL processing circuit between 2.6 – 3.2 Mtpa
- High grade Mineral Resources with 91.1% overall gold recovery and strip ratio of 5.7:1
2.8Moz Mineral Resources
across two Birimian belts. Multiple additional mineralised prospects not included in resource inventory.
91.1%
Gold Recovery
5.7:1
Strip Ratio
~US$198m
Development Cost
21 mo
Construction Period
Explore the Investment Opportunity
Learn more about the Black Volta Gold Project's geology, economics, and investment potential.