The Yaramoko processing plant.
TSX-listed Roxgold has received permitting approval to develop the Bagassi South Project from the Burkina Faso Ministry of Environment and Sustainable Development.

The approval marks a significant milestone in the permitting process and solidifies the development timeline of the Bagassi South project.

“We are extremely pleased to announce the permitting approval for the Bagassi South project,” comments Roxgold president and CEO John Dorward.

“The approval of the Environmental and Social Impact Assessment (“ESIA”) for Bagassi South allows us to confirm our development decision and begin mine development and construction for our first growth project on the Yaramoko concession.”

Roxgold is continuing to advance the development of the Bagassi South project with underground mine development and construction activities commencing in the first quarter of 2018.

With the approval of the ESIA, the compnay has filed an application for an extension of its Exploitation (Mining) Permit to include the Bagassi South deposits, which marks the final step in the permitting process.

A decision regarding the extension from the Burkina Faso government is expected in the second quarter of 2018.

“We would like to thank the government of Burkina Faso and our stakeholders in the communities for their continued support and look forward to continuing our positive working relationship,” adds Dorward.

Fast facts about Roxgold’s operations

Roxgold with its key asset, the high grade Yaramoko gold mine is located in the Houndé greenstone region of Burkina Faso, West Africa.

Burkina Faso covers an area of roughly 274 000 km2 and has an estimated population of more than 16 million people.

The country has a stable political setting with a pro-mining and foreign investment stance.

Burkina Faso is the fastest growing gold producer in Africa, and was the 4th largest gold producer in Africa in 2012.

Eight new mines have been commissioned there over the past six years.

Feature image credit: Roxgold