Zimbabwe Gold Tailings
Gold typically occurs in hard rock, expensive to mine; sedimentary deposits, easier and cheaper to mine are Gold TAILINGS. Tailings are waste, the material left behind after the metal has been extracted. In that waste are also remnants of gold and in the case of Zimbabwe where gold mining has been undertaken for centuries the tailings when treated with the latest extraction methods provide a commercially viable yield of 99.9% gold.
Zimbabwe is a gold country. The Archaean terrain of Zimbabwe is among the most productive for gold in the world. Mining has been undertaken for centuries with modern mining following on the first finds in South Africa. All this early activity has left behind tailings with valuable gold content. This has now been formalised into a system of licences for areas of tailings giving the licensee rights to take and process all the tailings within the licence area. An individual or company can own as many licences as he wishes
In many countries in Africa tailings are now a rich and low cost opportunity to recover metals. Copper in Zambia is a particularly good example with 60meter high tailings dumps and tailings ponds being methodically processed.
Tailings that support this project have been assayed yield and average of 1.1gram of gold per tonne. The resource dump available in one licence is 150,000tonnes which would yield 150Kgs of gold. The LME price of gold at the tiem of writing was £24,790 per Kg.
With an investment of £28,000 we can produce 2kgs within the first 60days, which will give us a gross profit of £48,842.
We are offering a 20% stake in the UK holding company.
It will take 40 days for company registration, dump site registration, building and setting up then 20 days to start the recovery.
We will use a Carbon in Pulp (CIP) plant to carry out the leaching of the gold from the tailings.
Routes to Market
We have two major routes to market.
- Government sales. Government officials will come to our site and weigh the gold and pay at LME -1.5%
- The gold we will produce will be between 90-97% pure, which can be used as a financial instrument or it can be sold off quite easily on the gold international market.
Use of Funds
We are seeking a £28,000 investment to continue the rapid growth of the business and expedite the potential we have created. We believe we could continue to grow at our present pace however we feel the time is right to grasp this opportunity.
The initial investment will be split into three categories.
- Mobilization – £6,000 will be spent on flights to and from Zimbabwe and further assay tests on the site.
- Capital Purchases – £12,000 will be spent on the construction of the leaching plant, purchasing processing chemicals chemical and registering the site.
- Working Capital and Contingencies – £11,000 will be kept as working capital and used for any contingencies that might arise during the construction of the leaching plant.
Gold has always been used as a means of trade and also as a way of guarding your safe guarding your money during uncertain economic times. Over the past 10 years we have seen a great boom in the price of gold as many investors are looking to gold as a safe investment. It is safe to say that there will always be a market for gold, given that it was the original standard for all currencies and is still used as a financial instrument till this day.
Peter Davy – Director
Peter Davy has extensive experience in Africa in a variety of businesses. Peter Davy’s early career included 4 years as a Managing Director of a UK Public Company, Chief Executive of a Registered Charity, Urbanaid Africa, proprietor and head of a resources consultancy for Africa, IPDS Limited. From this 40 years experience in African business Peter is highly skilled at finding quality commercial operations with a low capital entry level but with significant growth potential.
Hugues Bugilimfura – Director
Hugues worked for several years as a advisor for numerous mining projects including copper mines in Zambia and Namibia and a small-scale coltan mine in Rwanda. He also co-founded a successful web design company in Zambia.
Alongside the core team we have a working relationship with an experienced miner in Zimbabwe who will be instrumental in the management of the project.
If you would like an in-depth write up on the project including the financial projections, kindly contact us using the form below: