New Luika mine
"Our revised group-wide gold reserves and resources at 666,000 oz and 3,215,000 demonstrate the huge potential in the portfolio."
Features & Analysis
AIM-listed Shanta Gold recently announced an exploration update that significantly extends the life of mine at its New Luika project in Tanzania.
Shanta Gold has revealed some of the best exploration results to date from the 2nd phase of its Bauhinia Creek drilling campaign at the New Luika gold mine.
With electricity accounting for about 60% of the processing costs of AIM-listed gold producer Shanta Gold’s New Luika mine in Tanzania, greater emphasis has been placed on creating a leaner cost structure, not only at the mine but throughout the company.