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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

Operations

Shanta Gold's portfolio of properties includes prospecting licences which cover a total surface of over 1,300 km2.

Mining licences are held at both New Luika and Singida and mining production commenced at New Luika in August 2012.

 

Resource Assessment:
  Measured and Indicated Resources
 
Inferred Resource
 
Total Resources
 
New Luika 835koz 649koz 1,484koz
Singida 550koz 309koz 858koz
Total 1,385koz 957koz 2,343koz

All resource calculated at 1.0 g/t lower cut-off grade. A detailed resource summary is available.


About Tanzania

With its abundance of natural resources, thriving economy and booming tourism industry, Tanzania is an attractive country for business and investment.

Investor-friendly mining laws and favourable tax rules have enabled mining to become one of the fastest growing sectors in Tanzania, in terms of contributions to GDP and exports. Tanzania also has developed a sophisticated infrastructure system - roads, rail network, ports, two international airports and good telecommunications.

Gold mining has been prominent in Tanzania for more than a century and Tanzania is now Africa's third largest gold producing country after South Africa and Ghana. Nonetheless, the country remains under-explored in comparison with other gold producers of its size and there is therefore a high probability of future discoveries.

Key facts:

Location:
Eastern Africa, bordering the Indian Ocean, between Kenya and Mozambique
Population:
44.9 million (2012 census)
Area:
945,087 km² (2 x size of California)
Natural resources:
gold, diamonds, gemstones, natural gas, iron ore, coal, nickel, tin, phosphates, soda ash and salt
Geography:
Kilimanjaro is highest point in Africa, bordered by three of the largest lakes on the continent: Lake Victoria, Lake Tanganyika, and Lake Nyasa
GDP
$28 Billion ($623 per capita)