UNDERGROUND MINING

Altus Strategies given green light for Mali mine

License granted for initial four-year period

 Altus' plans for the gold mines in Mali

Altus' plans for the gold mines in Mali

UK-listed mining company Altus Strategies has been granted a small-scale gold mining license by the Ministry of Mines, Energy and Water for the Republic of Mali for the 83.1-square-kilometer Korali Sud Licence, containing the Diba gold project in Western Mali.

The company said the mining license had been granted for an initial four-year period, renewable until the deposit is depleted.

It said it had commissioned independent consulting firm Mining Plus UK to update the Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) for the Diba mine and the existing project at Lakanfla, Mali.

The company's application for the mining license included various studies and files, including an environmental permit, mine closure and rehabilitation plan and a community development plan.

Steven Poulton, chief executive of Altus, said the new license provides the company with long-term security for the project.

"This is especially important as an updated MRE and PEA for the combined Diba and Lakanfla project is underway and is due to be published in the next three months.

"I look forward to updating shareholders on these studies in due course."

Altus Strategies took 100% control of the Lakanfla gold project following an agreement with Malian miner Marvel Gold in January 2022. 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions