Great to have you on the podcast Louis, and what looks like a company changing RNS late last week for Katoro Gold, having entered into a JV for a near term finance ready Gold tailings project in South Africa.
Here are a few of the questions we asked Louis in this podcast.
For the benefits of our listeners, please can you give a brief overview of the key points of the JV/project?
From an operations point of view, the project certainly seems compelling, at what stage is the permitting for operations, does the project have suitable life of mine and what is the financing potential for a project like this?
From an operations point of view, the project certainly seems compelling, at what stage is the permitting for operations, does the project have suitable a life of mine and what is the financing potential for a project like this?
It’s fantastic to hear your enthusiasm and the strong potential economics of the project, do you anticipate regular updates to the market
Strategic Gold Production Opportunity & Financing
Louis Coetzee, Executive Chairman of Katoro, said: “The JV represents a unique and exciting investment opportunity for the Company with the possibility of significant near term revenue generation.
“The six tailings dams, containing, in total, 1.34Moz of Au, represents a considerable resource for the JV. In addition, the Project has attractive projected economics and notably the targeted 35-year mine life, 35,000 gold ounce per annum production target, solid recoveries and low initial all-in sustaining costs of US$664 per ounce which compares favourably against the current gold price of US$1,565 per ounce
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