The Mako Gold Mine, located in eastern Senegal, West Africa, is a high quality, low cost, open pit mine with attractive scale and strong growth potential through near-mine exploration opportunities.
The Mako Gold Mine poured first gold in January 2018. Mako is operated by Resolute’s 90%-owned Senegalese subsidiary, Petowal Mining Company SA. The remaining 10% is held by the Government of Senegal which is free-carried.
The Mako Gold Mine is a conventional drill and blast, truck and shovel operation with mining services undertaken by an established contractor. The carbon in leach processing plant has 2.3Mtpa of capacity and comprises a crushing circuit, an 8.5MW SAG Mill and gold extraction circuit. The processing plant has achieved strong metallurgical recoveries (95.% in first year of operation) and is expected to deliver average life of mine recoveries of 93.8%.Electricity is provided by a 14MW diesel fuelled IPP power station and water is extracted from the Gambia River.
The Mako Gold Mine hosts a Mineral Resource of 1.24Moz grading 1.89g/t Au, and an Ore Reserve of 928koz grading 2.05g/t Au.
Resolute is targeting annual average production from Mako of 140,000oz at an AISC of US$780/oz over a seven year mine life.
Identified exploration targets have the potential to increase mine life and exploration programmes are in progress focussing on pit extensions and satellite deposits within trucking distance of the mill.
Targets within the permit include the identification of potential ore shoots beneath the pit, extensions to the north east of the pit, and the Kerekonko area south of the Gambia River where multiple soil anomalies have been identified. Outside the Mako Gold Mine mining concession, Resolute controls over 485km2 of prospective exploration ground within a 30km radius, either directly or through joint ventures with Senegalese partners.