| Risk and valuation analysis of the Mangalisa Project |
| Status Risk : Green exploration |
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| Location of the Mangalisa Project |
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The company's Mangalisa property is located in the eastern part of the Free State Goldfield, South Africa. The Mangalisa property comprises 180 km2 situated approximately 20 km east of the township of Welkom and less than 10 km north of Harmony Gold's operating Masimong #5 (formerly Erfdeel) gold mine.
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| History of the Mangalisa Project |
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A few holes drilled prior to 1952 led to the view that the area was too low grade and/or too deep to be of interest. Much of the ground was locked away prior to the mineral rights being reverted to the state in 2001.
In about 1985 Anglo American s more...
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