Objectives & Strategy

Objectives & Strategy

Our immediate objective is to raise $10 million for, working capital, plant and equipment to enable us to exploit the substantial potential of our large-scale concession site in the Eastern region.  In addition to our current 7.2km concession, our long-term target is to implement the option of our further 7km concession.

While we are covering our costs we are unable to take full advantage of our concessions without better equipment.  New funding will significantly increase production and efficiency and create increasingly healthy levels of profit.  As more profit is retained, the expansion plans may be accelerated.  The plan is to gradually build up to the position where all of our 12 concessions are mined to their capacity.  We can also, along the way, acquire more concessions if we wish and continue to expand the operation.

Our general strategy is twofold:

We currently have the following advantages

  • Suitable structure
  • Experienced personnel
  • Strong relationships
  • Good reputation
  • Working knowledge of our region

While we are covering our costs we are unable to take full advantage of our concessions without better equipment.  New funding will significantly increase production and efficiency and create increasingly healthy levels of profit.  As more profit is retained, the expansion plans may be accelerated.  The plan is to gradually build up to the position where all of our 12 concessions are mined to their capacity.  We can also, along the way, acquire more concessions if we wish and continue to expand the operation.

Cost Efficiency

We aim to reduce the average cost per kilo of gold mined.  Currently, our largest costs are diesel, lubricants and plant repair & maintenance.

With the establishment of our large concession we estimate the cost of a kilo mined will be reduced this will be achieved by the following; 
Operating on data produced by the grade testing team, Using fuel-efficient prospecting methods, such as a borehole machine to test the grades instead of an excavator (a reduction of approx. 95% in fuel) Allocating smaller mobile processing plant with single plant machinery to areas where the values are lower, hence reducing diesel usage. Maintaining larger stockpiles, Forward planning for the raining season; by processing the stockpiled ore, hence recovering nearly 80-90% of otherwise lost days. Maintaining good roads to and from mining areas, hence reducing wear and tear on equipment and increasing speed for dumper trucks, thus less fuel, using more up-to-date processing and finishing equipment

  • Using newer plant machinery
  • In house training for plant operators
  • Procuring diesel in larger quantities at wholesale prices
  • Maintaining large supplies of spare parts for all equipment
  • Maintaining a high tech, well-equipped workshop
  • Running an efficient civil engineering programme
  • Complex efficient settling ponds.
  • Operating data produced and recorded by our in house geologist grade testing team
  • Using fuel efficient prospecting methods. (a reduction of approx. 95% in fuel)
  • Split processing based upon volume.
  • Operating as many as 6-8 mining pits at any one time
  • Maintaining large stockpiled levels.
  • Forward planning for the raining season, by reducing the non-mining days due to heavy rainfall, by just processing the pre-assigned ore, hence recovering nearly 80-90% of lost days.
  • Maintaining good roads to and from mining areas, hence reducing wear and tear on equipment and increasing speed for dumper trucks, less fuel.
  • Installing up-to-date plant, processing and finishing equipment
  • In house health and safety and efficiency training for local staff
  • Efficient on going civil engineering program.
  • Complex efficient settling ponds.