Mali: Fekola expansion looks positive

By | 2019-05-24T12:58:57+00:00 May 28th, 2019|Events|

The preliminary economic assessment (PEA) of the expansion study at B2Gold’s Fekola Mine in Mali has returned positive results. The expansion project will increase Fekola’s processing throughput by 1.5 million tonnes per annum (Mtpa) to 7.5Mtpa from the current base rate of 6Mtpa.

According to B2Gold, the expansion study PEA was conducted to evaluate the life-of-mine (LoM) options for expanded mining and processing to maximise the value of the substantially increased indicated and inferred mineral resource at Fekola Mine.

The results recommended an expansion of the existing plant to process an additional 1.5Mtpa, resulting in a baseline capacity of 7.5Mtpa without requiring an additional ball mill or additional power generation capacity.

Based on the new optimised mine plan, the mining rate at Fekola will also be increased, along with additional mining equipment to accelerate the supply of higher-grade ore to the expanded processing facilities. As a result of the project and mineral resource expansion, the Fekola Mine will produce more gold over a longer life, with more robust economics and higher average annual gold production, revenues, and cash flows than the previous LoM.