The definitive feasibility study (DFS) has commenced on the Fekola Gold Project, representing the final stage before formal commencement of construction at the project in south western Mali. The DFS is scheduled for completion during the second half of 2014 and will build on the strong technical and economic results from the pre-feasibility study (PFS) completed on the Fekola Gold Project in 2013.

“We continue to focus on rapidly de-risking Fekola and moving it towards production, and the commencement of the DFS represents another step towards that objective for Papillon. The DFS represents the final stage before formal commencement of construction at Fekola,” said Papillon CEO Mark Connelly.

Following the successful completion of the PFS, Papillon has appointed Lycopodium Minerals, a leading international project management and engineering firm, as lead engineer for the DFS. Lycopodium will be assisted by a number of leading industry consultants with expertise in the design and construction of gold mines in West Africa.

“Lycopodium has significant and recent experience in the construction and commissioning of gold mines in West Africa and its appointment will allow Papillon to fully realise the outstanding potential of the world class Fekola Project,” said Connelly.

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