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Golden Rim sniffs out more oxide

olden Rim Resources Ltd managing di- come.
Grector Craig Mackay is quietly confident Mackay said chasing further oxide mate-
his company will find more oxide material rial, especially at depth, remained the priority
along a recently identified 15km gold corridor for his company.
at its Kada project in Guinea. “Every deeper RC hole that we drilled hit
Having already defined nearly 1 moz over oxide gold, without question,” he said. “I don’t
just 1km of strike at Kada, Golden Rim will think we’ve got an intercept that was lower
resume drilling early this month over a se- grade than our current resource grades.
ries of shallow oxide gold targets along the We’re getting hits there that were 5-6 g/t that
remaining 14km mineralised corridor which we’re now going to follow up. “Undoubtedly,
extends north to AngloGold Ashanti Ltd’s Si- Craig Mackay this is going to bring more resource to our in-
guiri mine. ventory, but it also might bring a higher grade
Drilling over the next six months will also Bereko,” he said. resource.”
seek to convert a large proportion of the “There’s a major mineralised corridor Mackay hinted a resource upgrade for
maiden inferred resource of 25.5mt @ 1.1 g/t that links Kada with the Siguiri mine, which Kada could be on the cards in early 2023,
gold for 930,000oz to indicated status and is about 25km north of our northern bound- with the scoping study likely to be delivered
pave the way for a scoping study to begin in ary and about 35km north of our current re- around the middle of the year.
Q2 2023. source area. There you’ve got a 12 mtpa mill, Meanwhile, Golden Rim remains confident
Golden Rim tasted immediate success treating 6mt of oxide on the same corridor it can find a buyer for its 2 moz Kouri project in
from initial step-out drilling at Kada earlier this with mineralisation that’s identical. Burkina Faso after a previously reported sale
year with an intercept of 66m @ 1 g/t gold just “If you look at the Siguiri mine, it’s a 10km- for $US15.5 million cash to a local group fell
400m north of the resource area. long strike length, multiple pits, oxide mate- through in August when bank financiers de-
Mackay said he expected the resource rial like us, and 30 moz in inventory. We think clined to proceed due to security concerns in
was “only going to get bigger” as drilling com- there’s a lot more to be had at Kada as we the country.
pleted along the Kada corridor. drill it out.” “Security is a problem, particularly in east-
“We’ve just started to do our first drilling Some 670,000oz, or 72%, of the maiden ern Burkina where we are, so at the moment
along that anomalous zone and we’re start- inferred resource at Kada is considered ox- ,we really can’t work Kouri, it’s just not safe,”
ing to get some very good oxide hits, par- ide material, presenting a cheap mining and Mackay said.
ticularly in the north, in an area that we call processing option for Golden Rim in years to
– Michael Washbourne

Renewed motivation space is forecast to double between now
“Demand for copper in the clean energy

and 2040 and make up to 40% of the over-
all market for copper. Nickel expects an
for clean energy even greater jump with forecasts having
five times demand in 2040, compared to
2020, making up almost 60% of the nickel
he push for deployment of renewa- reduction in emissions by 2030, to reach market.”
Tbles on mine sites across the world is net zero by 2040,” Manning said. “And it’s Manning said it was important for com-
not expected to slow down anytime soon, not a hollow commitment, there’s a very panies to recognise that a “one size fits
according to Juwi Renewables Pty Ltd clear and public strategy that will be close- all” solution for the reduction of electricity-
global hybrid director Dave Manning. ly tracked and scrutinised by the market. based emissions on mine sites does not
Since 2020, Juwi has been contracted “From an overall market perspective, exist because each mineral has its own
to install hybrid power systems on nine the impact that clean technology is having method of processing and often utilises
mine sites in both Australia and Africa, in- on the mining market is not insignificant different power sources.
cluding solar projects for the Sukari gold and it’s expected to see an increase in the “If we look specifically at the gold mine
mine in Egypt and the GCO mineral sands coming 20-30 years. operation, the emissions can fluctuate de-
operation in Senegal. pending on the grade of the orebody, the
Manning said there were a number of source of the electricity, location of the site,
factors motivating this push, such as in- and the types of processes being used,”
centives for a project to proceed, reduced he explained. “As a rough guide, 55-90%
operational risks or to simply improve the of the emissions relate to the generation of
overall financial performance. electricity, 5-35% from mobile plants and
Perhaps the biggest motivational fac- anywhere from 5-10% for the remaining
tor is meeting decarbonisation goals with sources.
prominent mining houses such as Anglo “When we’re assessing the pathway to
American plc, Rio Tinto plc, BHP Ltd and a carbon-free electricity supply, it’s also
Sibanye-Stillwater all striving to become important to assess the conventional and
‘net zero’ by 2050, or even earlier in some essential energy source and the carbon
cases. intensity of that source.”
“If we look at Anglo American as an ex- – Michael Washbourne
ample, they’ve committed to around 30%
Dave Manning

aUSTRaLIa’S PaYDIRT OCTOBeR 2022 Page 39