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Shanta Gold is a low cost gold producer with significant resource upside, within and surrounding its New Luika Gold Mine, with additional development opportunities in Tanzania

About Us

Shanta Gold, through its wholly owned companies including Tanzanian subsidiary, Shanta Mining Company Limited (SMCL) (“Company”), is engaged in gold mining, development and exploration in Tanzania –one of Africa's most significant gold-producing countries. Shanta Gold was admitted to the London Stock Exchange's Alternative Investment Market (AIM) in July 2005 (Ticker:SHG) and is contained in the FTSE sub-sector of Gold Mining.

The Company is focused on building a portfolio of high quality, low cost gold assets in East Africa through exploring and developing its gold resource properties. The Company currently has one producing property, the 100% owned New Luika Gold Mine located in the Lupa Goldfield district in south-western Tanzania, which over the next six years is expected to produce 84,000 ounces of gold at an All In Sustaining Cost of approximately US$750 per ounce.

Shanta also has a development stage project, Singida, located in Central Tanzania. A portion of the Singida Project is held in a Joint Venture of Shanta has a 90% interest.

Shanta holds exploration properties covering over 1500 km2 in the under explored ex-colonial mining areas of the geologically rich Lupa Goldfield surrounding the New Luika Gold Mine as well as 65 km2 of prospecting licences at Songea in south-western Tanzania.

The Company has established a solid operational track record which has allowed Shanta to embark on an exciting exploration campaign across its large license areas. This exploration programme is targeting new resources to extend the life of the existing mine and add additional resources to existing projects.

The Company's operations are located in Tanzania, which has attractive characteristics in terms of both the business climate and gold mining tradition. Compared to many other parts of Africa, Tanzania’s considerable gold resources are under-explored and under-developed.

Photo by Carmen van Vuuren