PERTH (miningweekly.com) – ASX-listed junior Vital Metals has launched a scoping study at its Kollo gold deposit, in Burkina Faso, to evaluate the feasibility of an openpit project.
MD Mark Strizek said on Thursday that the project provided a compelling near-term development and cash flow opportunity for Vital Metals.
“Given its location in a very fertile gold production region, and the broad high-grade intercepts we have returned from the project to date, we believe that Kollo has strong potential to deliver near-term value for Vital Metals and its shareholders.
“We intend to progress this scoping study to a very high level of detail with the aim of bringing the Kollo project into production as soon as possible.”
The scoping study would initially entail a programme of infill and step-out exploration drilling and resource modelling, followed by an evaluation of mining and processing methods, infrastructure, waste handling and environmental requirements.
Vital Metals was hoping to complete the study by the end of August.