- Purchase of a second-hand heap leach plant for the Mankarga 5 gold project at substantially below replacement cost.
- Plant package includes primary and secondary crushers, agglomerator, conveyor and radial stacker. Also substantial electrics, pumps, spare parts and ancillary equipment.
- Plant to support an expected initial plant throughput rate of 1..6Mtpa (subject to study results).
- Expected delivery into Burkina Faso in second quarter calendar 2014.
- Low risk transition from explorer to producer.
- Targeting gold production from Mankarga 5 in 2015.
West African Resources Limited (ASX, TSXV: WAF) is pleased to announce that it has entered into an agreement to acquire a second-hand 1.6Mtpa heap leach plant for the Boulsa Project, in Burkina Faso.
West African�s Managing Director Richard Hyde said: �We are targeting gold production fromMankarga 5 in 2015 at a low cost by utilising second-hand equipment where possible.
�The plant is currently located nearby in Ghana, within trucking distance (850km) to the Boulsa Project. The key components of the plant including crushers, agglomerator and conveyors are in good condition and require only minor refurbishment.
�The heap leach plant provides the potential for us to fast-track the recently acquired Mankarga 5 deposit into production with an initial production target of 1.6Mtpa to achieve initial production of at least 50,000oz of gold per annum, subject to study outcomes.
�We remain on track to deliver a resource upgrade for Mankarga 5 by the end of this quarter, with the completion of a Preliminary Economic Assessment and Scoping Study in the first half of calendar 2014.�
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