Shanta Gold's portfolio of properties comprises 31 prospecting licences, as of 1 January 2012, which cover a total surface area of approximately 962 km2.
| Administrative district | Number of prospecting licences | Approximate total surface area ( km²) |
|---|---|---|
| Singida | 9 | 345 |
| Chunya | 5 | 199 |
| Geita | 1 | 0.4 |
| Songea/Mbinga | 11 | 290 |
| Dodoma | 1 | 51 |
| Simbanguru | 1 | 20 |
| Shinyanga | 3 | 57 |
| Total | 31 | 962 |
| Inferred Resources (oz) | Indicated Resources (oz) | Measured Resources (oz) | Total Resources (oz) | |
|---|---|---|---|---|
| Chunya | 488,117 | 357,402 | 845,519 | |
| Mgusu | 614,000 | 127,000 | 741,000 | |
| Singida | 402,088 | 149,291 | 480,546 | 1,031,926 |
| Total | 1,504,205 | 633,693 | 480,546 | 2,618,445 |
All resources calculated at 0.0 g/t lower cut-off grade. A detailed resource summary is available.
With its abundance of natural resources, thriving economy and booming tourism industry, Tanzania is one of the most profitable African countries.
Investor-friendly mining laws and favourable tax rules have contributed to mining becoming the fastest growing sector in Tanzania, in terms of contributions to GDP and exports. This industry can also rely on Tanzania's solid infrastructure - roads, rail network, coastal ports, two international airports and telecommunications.
Gold mining has dominated Tanzanian industry for more than a century and Tanzania is now Africa's third largest gold producing country after South Africa and Ghana. Nonethless, the country remains under-explored in comparison with other gold producers of its size and there is therefore a high probability of future discoveries.