Cluff Gold gets environmental permit for Baomahun project in Sierra Leone
The first gold pour on Baomahun in Sierra Leone is expected in 2014 with steady state production anticipated in 2015
Cluff Gold (LON:CLF,TSE:CFG) has now received an environmental permit for its wholly-owned Baomahun gold project in Sierra Leone.
This enables Cluff to complete the environmental impact assessment for Baomahun, one of the last outstanding parts of the feasibility study which remains on track for completion in the first half of 2012.
Chief executive Peter Spivey said: “We are pleased to report the receipt of the environmental permit for Baomahun, and would like to express our gratitude to the government of Sierra Leone for its continued support.”
Baomahun in Sierra Leone has 2.1 million ounces of indicated resources and a further 0.9 million ounces inferred.
Following delivery of the feasibility study and financing, construction is planned to commence in November 2012 after the rains ease with an 18 month construction period expected.
The first gold pour is expected in 2014 with steady state production anticipated in 2015.
Cluff is a gold developer-producer active in West Africa. It generates significant cash flow through its Kalsaka gold mine in Burkina Faso, and is exploring the significant sulphide potential at its Yaoure project in Cote d’Ivoire.
It remains focused on its objective of becoming a mid-tier producer through the development of Baomahun, which is expected to contribute an additional 135,000 ounces of gold per annum, with significant exploration potential along strike.
With its experience of bringing new mines into production and a project pipeline spanning Burkina Faso, Cote d’Ivoire and Mali, the company aims to further increase its production profile with its highly prospective exploration work across all assets.
Andre Lamberti proactiveinvestors.com
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