Taung Gold
Gold producer with exploration and development activities underway in South Africa, Pakistan and Indonesia
(HKG:0621)
Jeanette
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Jeanette project is located north-east of Welkom – a new high-grade mechanized project with the existing shaft from Anglo American operations to be deepened to 2,300m.
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PFS completed in March 2017, indicating 24-year life-of-mine with annual average production of 418kozpa Au at AISC of US$392/oz
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Pre-production capex of US$759m with post-tax NPV5 of US$1,550.5m and post-tax IRR of 20.3% based on a gold price of US$1,290/oz.
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Mining Right granting letter received – execution and registration within next few months
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BFS planning underway.
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Mechanisation is key to project success and creation of new jobs from past labour intensive mining techniques.

Evander
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•Evander Project located within world-renowned Witwatersrand Basin approximately 120km east-south-east of Johannesburg – based has delivered more than 1/3 of all gold produced globally
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•Project area comprises Nov. 6 Shaft area and adjacent Twistdraai area to the south
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•Evander BFS completed in 2016 indicates 20-year life-of-mine with annual production of 309kozpa at an average AISC of US$583/oz
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•Pre-production capex of US$579.3m and a post-tax NPV5 of US$724.8m and post-tax IRR of 17.6% based on a gold price of US$1,290/oz.
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•Permitting work well-advanced with Integrated Water Use Licence application being prepared
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•Water disposal agreement in place and Eskom 22kV 2MVA connection completed
Pakistan
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Strong management team the core of which has been with the company since pre-development.
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Produced an inaugural sustainability report in 2020 covering employee safety and operational performance, environmental impact, a tailings audit and community support.
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Strong commitment to CSR with community support and funding in North Macedonia and Kazakhstan well in excess of any regulatory commitments.
Reserves & Resources
