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Mining operations are currently focused
on Area 1 (pictured) with plans under way
to bring the Sembehun group of deposits
onstream from late 2025

While Area 1 is the current operational an opportunity, like what we’re doing at $US52 million. Engineering firm and PFS
focus for SRX, the company believes the Area 1, to extend the life of mine at Sem- manager Hatch is in talks with SRX to
real jewel in the crown is the undeveloped behun,” de Bruyn said. also oversee the DFS.
Sembehun group of deposits which col- SRX plans to begin DFS work on Sem- Alciaturi said the company’s financing
lectively host reserves of 174mt @ 1.45% behun next month and is targeting FID options for Sembehun were “almost limit-
rutile, representing mine life of at least 13 by the end of 2023. De Bruyn said the less”.
years. company’s tentative schedule has com- “They’re not limitless because, if we’re
Area 1 operations are currently project- missioning of the first phase of operations honest, we’re in Sierra Leone which is
ed out until mid-2025 when SRX hopes beginning in October 2025. probably not a country for mainstream
to bring Sembehun – about 30km to the According to the recently completed Australian banks; it’s not their neck of the
north-west – onstream. PFS, Phase 1 capex is estimated at woods, but there’s a number of other op-
“Our life of mine is more than 13 years, $US284 million while Phase 2 – slated tions that do exist,” he said.
but if you ask me, I think there still exists for no earlier than October 2027 – is just “We’ve got very longstanding relation-

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