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White Rivers/Harmony Gold Joint Venture

  • Joint Venture (JV) agreement signed with Harmony Gold (South Africa, Free State Province) on Sep’14 adjacent to Target Mine operations
  • JV Equity: WRE: 65% / Harmony: 35%
  • Significant JORC gold and uranium resource currently being compiled
  • Mining studies commenced
  • Significant infrastructure available at Target Mine
  • High grade Basal, B and EA reefs were intersected in underground boreholes
  • Depth of gold reefs: 1 400 – 2 200 mbs
  • Targets: Multiple gold reefs
Item
Details
Location
Witwatersrand Basin, South Africa

Area
9.56 km²

Prospecting Right
  • All commodities, except Coal

Description
  • Underground operations with multiple gold reef targets
  • Steeply-dipping to flat lying reefs

Adjacent Infrastructure

Harmony Gold‘s Target Mine (JSE:HAR)

  • Mechanised and conventional mining is applied on the Elsburg Reefs
  • Annual production of about 150koz gold at 4.3g/t
  • Spare capacity available for JV resources

Project Commodities
Au and U

A full Scoping Study has been undertaken and resulted in the development of a mining strategy whereby the JV gold deposit is mined and extracted using Harmony's installed and underutilised infrastructure. View the full Project Summary
Overall Gold Resource Tabulation
TOTAL
Category Tonnes Au(g) Au(oz) Au(g/t)
1 Measured 261,001 4,316,842 138,787 16.54
2 Indicated 18,311,646 151,940,479 4,884,919 8.30
3 Inferred 21,610,167 201,033,890 6,463,283 9.30
Grand Total 40,182,814 357,291,212 11,486,990 8.89
Overall Uranium Resource Tabulation
TOTAL
Category Tonnes U3O8(kg) U3O8(lb) U3O8(kg/t)
Inferred 9,058,755 4,163,392 9,178,697 0.46
Grand Total 9,058,755 4,163,392 9,178,697 0.46
View the full Overall Gold and Uranium Results